Daily Newsletter: Monday May 12, 2014

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30 Year Fixed

                                                                4.25%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.35%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.66%
                                                                  
                                                                +0.0324

FNMA 30YR 3.5

                                                                101-21
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                103-19
                                                                  
                                                                -0-03

View Today's Rates

Monday May 12, 2014

MND NewsWire - 12:54PM

Price Growth Continues, But Too Quickly in Some Areas

Home prices continued to increase as broadly if not as rapidly as in previous periods the National Association of Realtors® (NAR) reported today. Median prices increased in the ...

Mortgage Rate Watch - 2:13PM

Mortgage Rates Continue Moving Away from 2014 Lows

Mortgage rates continued higher today, adding to the corrective rebound from last week's 6-month lows. There were no significant events or news stories behind the move. The financial ...

MND NewsWire - 12:01PM

New Home Sales Recover Slightly from Dismal March Numbers

The Mortgage Bankers Association's (MBA) estimate of new home sales rose in April . MBA bases its estimate on applications for mortgages to purchase new homes as reported through its ...

MBS Commentary - 7:51AM

MBS Week Ahead: Economic Calendar Picks up; Fed Speakers Continue; Geopolitical Risk Remains

Over the weekend, events that have been labelled by some as 'referendums' took place in several of the most embattled regions in Ukraine. Not surprisingly, most of those willing to ...

Latest Video

What's weighing on home buyers

Blindsided by fixed income

Santelli: Bonds, Draghi & the dollar

More News from 'Around the Web'

www.easyir.com - 4:09PM
TransUnion Reveals Almost Half of Landlords Consider Renters' Credit Health as a Key Factor in Leasing Decision
CNBC - 4:08PM
Tech bubble watch: A real estate story
CNBC - 2:41PM
US on track to slash annual deficit
CNBC - 1:49PM
Not much spring in housing: Economist
Bloomberg - 1:48PM
Hamptons Home Up for Foreclosure That May Set Rercord - Bloomberg
CNBC - 1:47PM
Stock market rally holds up; traders wonder why
WSJ - 1:47PM
Why the Nation's Hot Housing Market Is Cooling, Slightly
WSJ - 12:31PM
Why A Quirky April Could Make Annual Inflation Pop
rss.nytimes.com - 12:30PM
Reliving the Crisis: What We Learned From Tim Geithner's Book
NY Fed - 11:46AM
New York Fed Survey Shows Consumer Expectations Mainly Stable
CNBC - 11:46AM
How housing weakness may change the Fed's game
www.ourbroker.com - 9:38AM
Is There Really A Real Estate Bust Ahead?
freddiemac.mwnewsroom.com - 9:34AM
Freddie Mac to Purchase Certain Adjustable Rate Initial Interest Mortgage Loans From Associated Participation Certificates
Market Watch - 9:34AM
Treasurys fall, awaiting fresh economic signals
CNBC - 8:39AM
Pimco fund cuts mortgage holdings
Washington Post - 8:38AM
Now on auction in Detroit: Homes starting at $1,000
Washington Post - 8:38AM
Bill to dismantle Fannie Mae and Freddie Mac appears stalled in Senate committee
Reuters - 8:35AM
Stock futures rise, S&P 500 near record

Today's Comments

	MBS Live Chat - 12:20PM "cash out refi after home is taken off the market..."
	MBS Live Chat - 12:23PM "I just lost a cash out because it had been listed, we have to wait until 180 days after the listing was pulled . It was a VA though...."
	MBS Live Chat - 1:37PM "if someone purchases a home for cash at an auction and then wants to finance it is that a purchase or refinance?..."
	MBS Live Chat - 1:37PM "they had cash? refi..."
	MBS Live Chat - 1:38PM "going by purchase price on value though right, not what it appraises for;..."
	MBS Live Chat - 1:40PM "correct. It would be under delayed financing..."
	MBS Live Chat - 1:40PM "Dustin, Purchase price within 6 months of HUD close date subject to R/T refi guides and pricing..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.25%

+0.04

15 Yr FRM

3.35%

+0.03

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.02%

+0.03

5/1 Yr ARM

3.24%

+0.01

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

4.21%

0.60

-0.08

15 Yr. Fixed

3.32%

0.60

-0.06

1 Yr. ARM

2.43%

0.40

-0.02

5/1 Yr. ARM

3.05%

0.50

+0.00

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

97-15

-0-07

30YR FNMA 3.5

101-21

-0-05

30YR GNMA 3.0

99-20

-0-07

30YR GNMA 3.5

103-01

-0-06

15YR FNMA 3.0

103-19

-0-03

15YR FNMA 2.5

100-27

-0-03

Treasuries

Yield

Change

2 YR

0.3990%

+0.0121

5 YR

1.6595%

+0.0329

10 YR

2.6575%

+0.0324

30 YR

3.4915%

+0.0247

Prices as of: 5/12/2014 4:28PM 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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