Daily Newsletter: Friday May 2, 2014

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30 Year Fixed

                                                                4.24%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.35%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.59%
                                                                  
                                                                -0.0272

FNMA 30YR 3.5

                                                                101-30
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                103-11
                                                                  
                                                                +0-00

View Today's Rates

Friday May 2, 2014

Mortgage Rate Watch - 2:26PM

Mortgage Rates Take Wild Ride to 6-Month Lows

Mortgage rates and many other areas of financial markets moved in shockingly counterintuitive ways after today's big jobs report. Nonfarm payroll creation stood at 288k in April, significantly ...

MBS Commentary - 12:17PM

MBS MID-DAY: Jobs Data Much Stronger and Bonds Rally (Seriously)

This has been one of the craziest NFP mornings I can remember--probably THE single most paradoxical reaction at first glance. Granted, bond markets tanked at first following the 288k ...

MND NewsWire - 3:16PM

About that jobs report...maybe it wasn't so great

While the numbers may change, the story of the U.S. labor market ultimately is the same. Job growth continues, but significant weakness remains. Friday's nonfarm payroll report was ...

Pipeline Press - 9:52AM

MBA's Opinion on Rates; New Non-Agency Deal; Operation Choke Point?

There's nothing wrong with early dinners! According to the U.S. Census Bureau, a meeting with the National Council of Senior Citizens resulted in President John F. Kennedy designating ...

Latest Video

April jobs report by the numbers

Santelli Exchange: Geopolitics the new weather?

Santelli bounces around labor participation rate

More News from 'Around the Web'

blog.metrotrends.org - 3:24PM
Is mortgage credit finally starting to loosen? Afraid not.
WSJ - 2:25PM
5 Takeaways from the April Employment Report
CNBC - 12:48PM
Foreclosure payouts go to wrong people
The Huffington Post - 12:21PM
Do You Have a Simple Interest Mortgage?
rss.nytimes.com - 10:35AM
Jobs Report: Should You Believe the New Jobs Numbers? Depends on What You Mean by Believe'
Reuters - 10:35AM
U.S. factory orders up, durable goods revised higher
Market Watch - 10:33AM
Bond Report: Treasurys embrace caveats in strong jobs report
CNBC - 9:07AM
These cities are rising real estate stars
CNBC - 8:53AM
Payrolls jump in April as thaw hits jobs market
The Huffington Post - 8:52AM
No, Seriously, The 2012 Jobs Data Wasn't Faked: Feds
Reuters - 8:22AM
U.S. jobs report to signal stronger economic growth momentum
CRL - 8:21AM
Statement on the Home Forward Act of 2014
Reuters - 8:21AM
London sets new record with $237 million apartment sale
Realtor.Org - 8:20AM
Most Real Estate Agents Are Terrible at Their Craft'
CNBC - 8:18AM
US bonds fall ahead of nonfarms for April

Today's Comments

	MBS Live Chat - 8:32AM "That's all nice, Vic, but you know that 288K and 6.3 is all that matters today...."
	MBS Live Chat - 8:32AM "i disagree, if that was all that mattered, we would be much worse off..."
	MBS Live Chat - 8:34AM "what a ridiculously small bond market reaction so far..."
	MBS Live Chat - 9:53AM "Wow. 288k and down -4. Pretty amazing...."
	MBS Live Chat - 9:54AM "looks like the jig is up..."
	MBS Live Chat - 9:54AM "in other words, it does indeed look like bonds were ready to rally on anything close to consensus, and the big beat threw a bit of a wrench in the works...."
	MBS Live Chat - 10:35AM "secondary desks must be struggling with pricing right now..."
	MBS Live Chat - 10:45AM "This kind of activity makes me scared to come in on Monday if tensions subside over the weekend...."
	MBS Live Chat - 12:09PM "anyone locking today?..."
	MBS Live Chat - 12:11PM "I am locking as soon as we get legitimate reprices...still a little short......"

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.24%

-0.05

15 Yr FRM

3.35%

-0.03

FHA 30 Year Fixed

3.90%

-0.05

Jumbo 30 Year Fixed

4.00%

-0.03

5/1 Yr ARM

3.25%

+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

4.49%

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

97-29

+0-03

30YR FNMA 3.5

101-30

+0-03

30YR GNMA 3.0

99-26

+0-02

30YR GNMA 3.5

103-05

+0-02

15YR FNMA 3.0

103-11

+0-00

15YR FNMA 2.5

100-25

+0-01

Treasuries

Yield

Change

2 YR

0.4304%

+0.0200

5 YR

1.6692%

+0.0098

10 YR

2.5879%

-0.0272

30 YR

3.3660%

-0.0439

Prices as of: 5/2/2014 3:53PM 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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