Daily Newsletter: Thursday May 15, 2014

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30 Year Fixed

                                                                4.15%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.28%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.50%
                                                                  
                                                                -0.0481

FNMA 30YR 3.5

                                                                102-17
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                103-23
                                                                  
                                                                -0-01

View Today's Rates

Thursday May 15, 2014

Mortgage Rate Watch - 4:13PM

Mortgage Rates Approach 11-Month Lows

Mortgage rates kept moving lower today as European markets continued to provide an unexpectedly large boost in demand for domestic bond markets. Those markets include MBS, the mortgage ...

MBS Commentary - 12:37PM

MBS MID-DAY: What's up with today's crazy bond market rally?

Even seasoned market-watchers might be thrown for a bit of a loop by today's surprisingly strong bond market rally. After all, we just had a surprisingly strong bond market rally yesterday ...

MND NewsWire - 2:05PM

Johnson-Crapo Bill passes Banking Committee, Margins Smaller than Hoped

S 1217, the Johnson-Crapo housing reform bill passed the Senate Banking Committee today. Committee chairman Tim Johnson (D-SD) had hoped to send the bill to the whole Senate with at ...

MND NewsWire - 10:56AM

Foreclosure Crisis in Final Stages?

The increase in bank repossessions or completed foreclosures in April even as other foreclosure statistics declined may indicate that the housing crisis is in its final stages RealtyTrac ...

Latest Video

Why Treasury rally is temporary

3 reasons bond yields are falling

Santelli Exchange: Volatility has arrived

More News from 'Around the Web'

The Huffington Post - 3:49PM
White House: Senate Panel's Housing Vote 'Marks Important Progress'
WSJ - 3:08PM
Quarterly Foreclosure Rate is Near Pre-Crisis Levels
Bloomberg - 1:18PM
Stubborn Bond Bears Double Down on Money-Losing Wager - Bloomberg
House Financial Services - 1:14PM
Chairman Hensarling's Statement on Senate Banking Committee Action
Google News - 1:13PM
Forecast for Housing and the Economy Suggests Gradual Improvement through 2015
NAHB - 11:53AM
Statement from NAHB Chairman on Senate Panel?s Passage of Housing Finance Reform Bill
CNBC - 11:45AM
Stocks slammed as bonds catch fire
CNBC - 11:43AM
Fannie-Freddie wind down law unlikely
Market Watch - 10:59AM
Housing-reform bill has insufficient support: Senate panel chief
Reuters - 10:19AM
Jobless claims fall to seven-year low
Reuters - 10:19AM
Consumer prices post biggest gain in 10 months
CNBC - 10:19AM
US output slides at fastest rate in nearly 2 years
freddiemac.mwnewsroom.com - 10:19AM
Fixed Mortgage Rates Remain at Six Month Low
CNBC - 10:15AM
Home builders losing confidence in recovery
CNBC - 8:29AM
Time to privatize mortgage finance
CNBC - 8:29AM
Foreclosures fall in April
WSJ - 8:28AM
Five Key Hurdles in Fannie, Freddie Overhaul

Today's Comments

	MBS Live Chat - 12:00PM "locking everything, dont trust this rally at all..."
	MBS Live Chat - 12:03PM "definitely makes sense to respect 2.47. The consequences grow more serious the longer we go without breaking through...."
	MBS Live Chat - 12:18PM "Can dips like this ever just be a little profit taking?..."
	MBS Live Chat - 12:19PM "yes, any move can be profit-taking...."
	MBS Live Chat - 12:20PM "a move higher in MBS Prices can be profit-taking by short-sellers..."
	MBS Live Chat - 12:20PM "Seems like mid day ish during big rallies there's often a dip..."
	MBS Live Chat - 12:21PM "most of the time, however, a move starts for a different reason and then there's a domino effect from "trailing stops." Just a fancy way of saying I'm not going to take profits when MBS hit highs--rather, I'd wait until they start coming off the highs by a predetermined amount. Once I've had enough weakness..."
	MBS Live Chat - 12:22PM ""Seems like mid day ish during big rallies there's often a dip" - excellent observation, and there's a very light-bulb-ish reason. Anyone want to take a stab at it? It's something we've touched on occasionally...."
	MBS Live Chat - 12:22PM "Eu markets closed..."
	MBS Live Chat - 12:22PM "winner..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.15%

-0.02

15 Yr FRM

3.28%

-0.01

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.93%

-0.02

5/1 Yr ARM

3.20%

-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

4.39%

0.22

-0.04

15 Yr. Fixed

3.48%

0.12

-0.04

30 Yr. Jumbo

4.29%

0.16

+0.00

30 Yr. FHA

4.09%

0.00

-0.04

5/1 ARM

3.17%

0.24

-0.04

Freddie Mac **

30 Yr. Fixed

4.20%

0.60

-0.01

15 Yr. Fixed

3.29%

0.60

-0.03

1 Yr. ARM

2.43%

0.50

+0.00

5/1 Yr. ARM

3.01%

0.40

-0.04

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

98-17

+0-06

30YR FNMA 3.5

102-17

+0-03

30YR GNMA 3.0

100-18

+0-04

30YR GNMA 3.5

103-27

+0-04

15YR FNMA 3.0

103-23

-0-01

15YR FNMA 2.5

101-02

-0-01

Treasuries

Yield

Change

2 YR

0.3589%

-0.0121

5 YR

1.5329%

-0.0345

10 YR

2.4982%

-0.0481

30 YR

3.3336%

-0.0431

Prices as of: 5/15/2014 4:30PM 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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