Daily Newsletter: Thursday May 1, 2014

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30 Year Fixed

                                                                4.29%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                3.38%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.62%
                                                                  
                                                                -0.0308

FNMA 30YR 3.5

                                                                101-27
                                                                  
                                                                +0-09

FNMA 15YR 2.5

                                                                103-11
                                                                  
                                                                +0-03

View Today's Rates

Thursday May 1, 2014

Mortgage Rate Watch - 3:12PM

Mortgage Rates Drop to 3-Month Lows Ahead of Important Data

Mortgage rates fell at the fastest pace in over a month today bringing them to their lowest levels since early February. The motivation for a move of this size isn't readily apparent ...

MND NewsWire - 11:24AM

CFPB Proposes More Mortgage Rule Tweaks

The Consumer Financial Protection Bureau (CFPB) is again proposing a few minor modifications to its new mortgage rules, suggesting changes designed to eliminate hurdles some nonprofit ...

MND NewsWire - 12:40PM

Construction Spending Rising Slower Than Expected

Overall construction spending increased slightly in March the Census Bureau said today. Combined public and private construction was at a seasonally adjusted annual rate of $942.5 billion ...

Pipeline Press - 10:35AM

Depository Bank Mergers; More Lender Changes Ahead? Another Non-QM Product

Happy May Day! After good a good March and a decent April, mortgage banks are left wondering what May will look like. Today I travel from Chicago to Richmond, VA and then to Austin ...

Latest Video

Wells Fargo strategist presents scary chart

What's wrong with housing?

Builders missing entry-level buyers

More News from 'Around the Web'

rss.nytimes.com - 3:44PM
Real Estate and the Recovery: Theories on Why Housing Is Still Stalled
Washington Post - 3:10PM
White House releases big data and privacy report
CNBC - 3:10PM
What may drive home prices in 25 years
WSJ - 3:10PM
Weak Construction Data Raises Risk of First-Quarter U.S. GDP Contraction
Washington Post - 3:09PM
Wonkblog: Why thousands of homeowners are getting money for mortgage abuses they never suffered
CNBC - 12:52PM
Home flipping's comeback wanes as price gains slow
CNBC - 11:29AM
What's wrong with housing?
Market Watch - 11:27AM
Ocwen profit falls short of estimates; shares sink
PR Newswire - 11:26AM
PulteGroup Home Index Survey: Americans' Appetite To Buy New Homes Increases As View On Economy Trends More Positive
CNBC - 10:38AM
US manufacturing churns ahead; construction gains
freddiemac.mwnewsroom.com - 10:07AM
Freddie Mac: Fixed Mortgage Rates Continue to Seesaw
CNBC - 9:21AM
New market fixation! Fed tapering 'so 2013': Pimco
CNBC - 9:21AM
US 1% captures greatest slice of income pie: OECD
Reuters - 9:21AM
Jobless claims rise unexpectedly in latest week
Reuters - 9:21AM
Consumer spending surges in March, boosts growth outlook
Bloomberg - 9:19AM
Yellen Says Fed Seeking Smarter Oversight of Community Banks - Bloomberg
Federal Reserve - 8:40AM
Yellen Speech: Tailored Supervision of Community Banks
Bloomberg - 8:38AM
Easier Homeowner Credit Compelling Wells Fargo: Mortgages - Bloomberg
Market Watch - 8:37AM
Yellen: More work to be done on too-big-to-fail concerns

Today's Comments

	MBS Live Chat - 2:07PM "best rates in weeks + NFP tomorrow. Doesn't seem like much of a debate...."
	MBS Live Chat - 2:08PM "the snap back from here could break your neck tomorrow..."
	MBS Live Chat - 2:08PM "no brainer really........"
	MBS Live Chat - 2:08PM "Agreed, Lock em if you've got em. I f we convincingly break below 2.6 tomorrow renegotiations should be available...."
	MBS Live Chat - 2:09PM "well, the problem is that the past few months have seen the NFP ramp and that has been no where near the case this week, so to be the contrarian, it may very well continue tomorrow even with the big print..."
	MBS Live Chat - 2:10PM "Def, a good day to lock. NFP beats tomorrow the selling should be worse as they've been banking this week...."
	MBS Live Chat - 2:10PM "but each day has been a good day to lock only followed by a better day the next..."
	MBS Live Chat - 2:10PM "that is why i am baffled..."
	MBS Live Chat - 2:10PM "baffled is one thing... NFP risk is another..."
	MBS Live Chat - 2:11PM "Quite honestly, I do actually get a bit wary when something seems so obvious...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.29%

-0.08

15 Yr FRM

3.38%

-0.04

FHA 30 Year Fixed

3.95%

-0.05

Jumbo 30 Year Fixed

4.03%

-0.09

5/1 Yr ARM

3.25%

+0.04

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

4.49%

0.38

+0.00

15 Yr. Fixed

3.53%

0.31

-0.02

30 Yr. Jumbo

4.37%

0.14

-0.04

30 Yr. FHA

4.17%

0.10

-0.03

5/1 ARM

3.26%

0.35

+0.10

Freddie Mac **

30 Yr. Fixed

4.29%

0.70

-0.04

15 Yr. Fixed

3.38%

0.60

-0.01

1 Yr. ARM

2.45%

0.50

+0.01

5/1 Yr. ARM

3.05%

0.40

+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

97-26

+0-11

30YR FNMA 3.5

101-27

+0-09

30YR GNMA 3.0

99-24

+0-11

30YR GNMA 3.5

103-03

+0-09

15YR FNMA 3.0

103-11

+0-03

15YR FNMA 2.5

100-24

+0-05

Treasuries

Yield

Change

2 YR

0.4104%

-0.0039

5 YR

1.6594%

-0.0180

10 YR

2.6151%

-0.0308

30 YR

3.4107%

-0.0469

Prices as of: 5/1/2014 4:21PM 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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