Daily Newsletter: Monday May 19, 2014

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30 Year Fixed

                                                                4.18%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.29%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.54%
                                                                  
                                                                +0.0231

FNMA 30YR 3.5

                                                                102-05
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                103-17
                                                                  
                                                                -0-03

View Today's Rates

Monday May 19, 2014

MND NewsWire - 1:24PM

Housing Supply, Demand Breaking Rules Freddie Mac Says

Freddie Mac's economists used this month's Economic and Housing Market Outlook to look at three areas of supply and demand. Analyzing each, they say, will help us understand the direction ...

Mortgage Rate Watch - 3:10PM

Mortgage Rates Steady to Slightly Higher

Mortgage rates began the day in roughly the same territory as Friday afternoon. Some lenders were in slightly better shape while others were slightly worse. Afternoon weakness in the ...

MND NewsWire - 1:10PM

Stevens: Four Years Later, Housing Finance System still Sick

David H. Stevens, President of the Mortgage Bankers Association (MBA) told members attending the organization's annual convention in New York today that some things hadn't changed much ...

MBS Commentary - 11:49AM

MBS MID-DAY: Pulling Back from Strongest Levels, Still in Positive Territory

Both Treasuries and MBS hit the 8am mark right in line with Friday's latest levels. As the domestic bond market session officially got underway with the 8:20am pit open, buyers were ...

Latest Video

Santelli: 10-Year hovers at 10-month low yields

Santelli Exchange: Housing finance reform

What the 10-year says about US recovery

More News from 'Around the Web'

S&P/Case Shiller - 3:51PM
Housing Angst Around the World
The Huffington Post - 3:50PM
Housing Finance Reform Should Now Focus on Fixing and Preserving Fannie Mae and Freddie Mac
CNBC - 3:50PM
Bernanke on Fed balance sheet
Reuters - 3:50PM
New York attorney general combats 'zombie houses' after Reuters probe
CNBC - 2:58PM
2.5% Treasury yields make me angry
The Huffington Post - 2:13PM
The Big Data Real Estate Controversy
WSJ - 2:12PM
Higher Mortgage Rates Dragged Down U.S. Home Sales: San Francisco Fed
www.npr.org - 1:03PM
3 Million Young People Missing From Housing Market? It's Everyone's Problem
Washington Post - 12:58PM
U.S. says charges against Chinese state-sponsored hackers are the new normal'
Reuters - 11:32AM
No liability for BofA for allegedly concealing $10 billion AIG case
CNBC - 11:24AM
Bernanke feasts with rich; rates are on the menu
archives.informz.net - 10:57AM
MBA CEO David H. Stevens Lays Groundwork for Future of the Secondary Market
Market Watch - 9:55AM
Treasurys rise ahead of Fed speeches, minutes
WSJ - 8:53AM
Yellen: China's Financial Woes Manageable
www.freddiemac.com - 8:51AM
Real-time Change in Housing Finance
Reuters - 8:50AM
Fischer, Brainard to push for more activist Fed

Today's Comments

	MBS Live Chat - 12:28PM "Is anyone still getting away with using a letter CPA for using business funds for down payment?..."
	MBS Live Chat - 12:53PM "Regarding large unsourced deposits, can anyone provide the guides stating that if you can't document them and they are NOT needed for cash to close or reserves that they are acceptable?..."
	MBS Live Chat - 1:01PM "Brent.....if the deposit is greater than 25% of gross monthly but cannot be souced I am not sure it is addressed well in guides. I usually get an LOE and then it is underwriter discretion....but if you don't need the funds I would think they would clear..."
	MBS Live Chat - 1:03PM "i really hope guidelines loosen up as it relates to large deposits..."
	MBS Live Chat - 1:03PM "absolute overkill..."
	MBS Live Chat - 1:04PM "RM: overkill is an understatment..."
	MBS Live Chat - 1:09PM "BB, sourcing funds has gotten to be such a logistical pain esp when not needed or being utilized for transaction...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.18%

+0.02

15 Yr FRM

3.29%

+0.00

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.96%

+0.02

5/1 Yr ARM

3.20%

+0.00

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

98-04

-0-06

30YR FNMA 3.5

102-05

-0-05

30YR GNMA 3.0

99-28

-0-15

30YR GNMA 3.5

103-06

-0-13

15YR FNMA 3.0

103-17

-0-03

15YR FNMA 2.5

100-30

-0-02

Treasuries

Yield

Change

2 YR

0.3468%

-0.0161

5 YR

1.5442%

-0.0066

10 YR

2.5427%

+0.0231

30 YR

3.3900%

+0.0498

Prices as of: 5/19/2014 4:10PM 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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