Daily Newsletter: Tuesday May 13, 2014

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30 Year Fixed

                                                                4.22%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.33%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.61%
                                                                  
                                                                -0.0504

FNMA 30YR 3.5

                                                                101-31
                                                                  
                                                                +0-10

FNMA 15YR 2.5

                                                                103-16
                                                                  
                                                                -0-02

View Today's Rates

Tuesday May 13, 2014

MND NewsWire - 1:00PM

Mel Watt Outlines Course Correction for Fannie and Freddie

The Federal Housing Finance Agency (FHFA) will not use its conservatorship authority to reduce current conforming loan limits. FHFA Director Melvin L. Watt said today that the proposal ...

Mortgage Rate Watch - 3:22PM

Higher Mortgage Rates on Hold After Weak Retail Sales Data

Mortgage rates moved lower today after an especially weak report on Retail Sales fueled demand for fixed-income investments like mortgage-backed-securities (MBS) and Treasuries. When ...

MND NewsWire - 10:58AM

More Than Half of the Home Price Bounce Fell Within 12 Months

Home prices reached the half-way mark in the fourth quarter of 2013, climbing back to a level 20 percent above the trough in values reached nationwide in the fourth quarter of 2011 ...

MND NewsWire - 3:16PM

Mortgage Industry Increasingly Concentrated Based on NMLS Stats

The number of state licensed mortgage companies licensed through the National Mortgage Licensing System (NMLS) was essentially unchanged in 2013 but the number of mortgage loan originators ...

Latest Video

Santelli Exchange: Rates are low, are they real?

Housing affordability huge challenge: Pro

FHFA regulator won't lower Fannie, Freddie loan limits

More News from 'Around the Web'

Bloomberg - 3:01PM
Bill Revising Fannie Mae Has Dim Prospects, Democrat Says - Bloomberg
Google News - 3:01PM
FHA Announces Blueprint for Greater Homebuyer Access to Credit
Google News - 3:01PM
A strong pivot from the new director of FHFA
Bloomberg - 3:01PM
Wells Fargo Must Answer for Failed Home Loans, U.S. Says - Bloomberg
NAHB - 1:14PM
Housing Affordability Edges Higher in First Quarter
CNBC - 12:16PM
Mortgages drive US household debt jump
Market Watch - 10:59AM
Highlights of Mel Watt's speech on Fannie, Freddie
blog.hud.gov - 10:26AM
A Blueprint for Access to Credit for American Families
WSJ - 10:24AM
Geithner: We Didn't Have Great Options on Housing Relief
NMLS - 10:20AM
2013 NMLS Mortgage Industry Report
Reuters - 10:19AM
Regulator opens door wider for Americans on mortgages
NMLS - 10:19AM
2013 NMLS Mortgage Industry Report and Activity Data
CNBC - 9:00AM
Sell in May... or buy bonds?
Market Watch - 9:00AM
Treasurys extend gains after soft retail sales
webfeeds.brookings.edu - 8:57AM
The Future of Fannie Mae and Freddie Mac
Reuters - 8:57AM
Retail sales barely rise in April
Bloomberg - 8:13AM
Wells Fargo Shuns Peers' Settlement in US in Mortgage - Bloomberg
Reuters - 8:10AM
Stock futures flat, Dow and S&P 500 at record levels
CNBC - 8:08AM
US stocks seen boosted by uptick in global momentum

Today's Comments

	MBS Live Chat - 9:52AM "Watt pretty definitive on NOT expanding HARP...."
	MBS Live Chat - 9:57AM "are those LLPA adjustments that Watt suspended still indefinitely suspended or removed completely?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.22%

-0.03

15 Yr FRM

3.33%

-0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.00%

-0.02

5/1 Yr ARM

3.22%

-0.02

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

97-24

+0-09

30YR FNMA 3.5

101-31

+0-10

30YR GNMA 3.0

99-29

+0-10

30YR GNMA 3.5

103-09

+0-08

15YR FNMA 3.0

103-16

-0-02

15YR FNMA 2.5

100-26

-0-00

Treasuries

Yield

Change

2 YR

0.3830%

-0.0160

5 YR

1.6151%

-0.0461

10 YR

2.6089%

-0.0504

30 YR

3.4421%

-0.0537

Prices as of: 5/13/2014 4:17PM 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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