Daily Newsletter: Wednesday April 9, 2014

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30 Year Fixed

                                                                4.43%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                3.44%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.69%
                                                                  
                                                                +0.0109

FNMA 30YR 3.5

                                                                100-31
                                                                  
                                                                -0-13

FNMA 15YR 2.5

                                                                103-08
                                                                  
                                                                +0-02

View Today's Rates

Wednesday April 9, 2014

MND NewsWire - 1:45PM

Second Home Market Rebounding Strongly

Although the second home mortgage market experienced a severe decline during the housing downturn, Americans still aspire to buy second homes and have contributed to the growth of the ...

Mortgage Rate Watch - 3:28PM

Mortgage Rates Fall Back to Unchanged After FOMC

Mortgage rates began the day higher, but many lenders are set to end in line with yesterday's rates after this afternoon's FOMC Minutes. These are the meeting minutes from the Fed's ...

MND NewsWire - 9:15AM

Mortgage Applications Slide Overall, but Purchases Increase

The Mortgage Bankers Association's Market Composite Index, a measure of mortgage application activity, inched down again during the week ended April 4, decreasing 1.6 percent on a seasonally ...

MND NewsWire - 10:41AM

More Mortgage and Banking M&A; Non-QM Company List; Mortgage Applications Drop Again

The Dodd-Frank Act is almost 4-years old, but regulators have only completed 52% of its 398 rules, according to Davis Polk & Wardwell. For example, the Securities and Exchange Commission ...

Latest Video

Be afraid of these 'secret' consumer scores

Fed Minutes: Public should follow statement not forecasts

Bond market read

More News from 'Around the Web'

Reuters - 4:09PM
Fannie, Freddie shareholders lobby against U.S. housing reform bill
Reuters - 3:27PM
Fed still missing on goals, should be 'aggressive': Evans
Reuters - 2:34PM
Fed to hold rates until at least July 2015, says slim majority: Reuters poll
Market Watch - 2:34PM
The Fed: Fed dropped jobless target in secret meeting
CNBC - 2:26PM
Fed: Committee found 6.5% threshold 'outdated'
www.cfpbmonitor.com - 2:26PM
No CFPB regulations in 2014 implementing expanded ECOA small business data collection requirements
Federal Reserve - 2:02PM
Minutes of the Federal Open Market Committee, March 18-19, 2014
www.cfpbmonitor.com - 1:51PM
CFPB General Counsel Meredith Fuchs in the "Disparate Impact" Hot Seat
Reuters - 1:43PM
Bank of America to pay $727 million to consumers over credit card problems
CFPB - 1:40PM
Explainer: Compensating consumers for Bank of America's illegal tactics for credit card add-on products
Bloomberg - 1:00PM
Allstate, Merrill Lynch to End $167 Million Mortgage Suit - Bloomberg
Bloomberg - 12:36PM
Nader Seeks Fannie Mae Value in Push Aiding Hedge Funds - Bloomberg
CNBC - 11:51AM
Is a 'Fed freakout' coming?
CFPB - 11:29AM
CFPB forum on the mortgage closing process in Washington, DC
CNBC - 10:45AM
A sign the labor market is improving
Reuters - 10:43AM
Wholesale inventories up, sales rebound
freddiemac.mwnewsroom.com - 10:42AM
Freddie Mac Extends Mortgage Relief to Washington Borrowers Affected by Disasters
WSJ - 10:06AM
Fed Officials Unclear on Why They Agreed On Rate Strategy
Market Watch - 9:49AM
Treasurys slide before auction, Fed minutes
CNBC - 9:33AM
Financial advisors say keep bonds but stay alert

Today's Comments

	MBS Live Chat - 1:16PM "can some one explain to me simple terms what the "great rotation" is?..."
	MBS Live Chat - 1:17PM "movement from one class of investments into another..."
	MBS Live Chat - 1:18PM "Theory that ultra low bond yields with "rotate" investors into equities..."
	MBS Live Chat - 1:18PM "an overused term that borrows the words from a concept introduced in 2012 (!!) regarding the shift from the 30yr secular bull market in bonds to a bear market in bonds, with stocks picking up the extra cash, mostly...."
	MBS Live Chat - 1:24PM "AP, this was one of the best broad assessments (note the date stamp!) http://mndne.ws/1ekXXRH..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.43%

+0.01

15 Yr FRM

3.44%

+0.00

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.20%

+0.00

5/1 Yr ARM

3.23%

+0.03

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.80%

1.10

+0.13

30 Yr. Fixed

4.67%

1.44

+0.13

MBA **

30 Yr. Fixed

4.56%

0.33

+0.00

15 Yr. Fixed

3.62%

0.31

+0.00

30 Yr. Jumbo

4.49%

0.14

+0.03

30 Yr. FHA

4.19%

0.16

-0.02

5/1 ARM

3.26%

0.31

+0.01

Freddie Mac **

30 Yr. Fixed

4.41%

0.70

+0.01

15 Yr. Fixed

3.47%

0.60

+0.05

1 Yr. ARM

2.45%

0.40

+0.01

5/1 Yr. ARM

3.12%

0.50

+0.02

Current Mortgage Rates »

* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.

Secondary Markets

MBS

Price

Change

30YR FNMA 3.0

96-28

-0-10

30YR FNMA 3.5

100-31

-0-13

30YR GNMA 3.0

99-01

+0-03

30YR GNMA 3.5

102-22

+0-03

15YR FNMA 3.0

103-08

+0-02

15YR FNMA 2.5

100-18

-0-00

Treasuries

Yield

Change

2 YR

0.3671%

-0.0318

5 YR

1.6299%

-0.0378

10 YR

2.6935%

+0.0109

30 YR

3.5701%

+0.0288

Prices as of: 4/9/2014 4:20PM EST

Current MBS / Treasury Prices »

MBS and Treasury data provided by Thomson Reuters.

Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.

Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.

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