Daily Newsletter: Wednesday May 21, 2014

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30 Year Fixed

                                                                4.16%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.28%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.53%
                                                                  
                                                                +0.0232

FNMA 30YR 3.5

                                                                102-17
                                                                  
                                                                +0-00

FNMA 15YR 2.5

                                                                103-27
                                                                  
                                                                +0-01

View Today's Rates

Wednesday May 21, 2014

Mortgage Rate Watch - 3:16PM

Mortgage Rates Hold Perfectly Flat Despite Fed Minutes

Mortgage rates held almost perfectly steady today, despite the potentially important release of last month's meeting minutes from the FOMC (aka "The Fed"). That said, markets arguably ...

MND NewsWire - 2:20PM

Fed discussed rate hike procedures, no action soon

Federal Reserve officials discussed rate hike procedures at a joint meeting, but agreed the discussion does not signal rate action is coming soon. That was one of the key data points ...

MND NewsWire - 10:57AM

Fast-Tracking Foreclosures Might Eliminate Dead Weight Losses

Along with a recent rise in bank owned real estate the foreclosure crisis drags on in the form of increasingly long timelines for completing the foreclosure process in judicial foreclosure ...

MND NewsWire - 8:47AM

Refinance Apps Inch Higher, Marking Third Straight Gain

It was only by a fraction, but mortgage application activity was up for the third straight time during the week ended May 16. The Mortgage Bankers Association (MBA) said its Market ...

Latest Video

Behind the mortgage numbers

How to read the latest round of FOMC minutes

Santelli Exchange: 3 market misconceptions

More News from 'Around the Web'

The Atlantic - 3:59PM
It Wasn't Household Debt That Caused the Great Recession
rss.nytimes.com - 3:59PM
Fed Officials Troubled by Housing Weakness
SIFMA - 3:59PM
SIFMA Commends House Committee for Taking Action to Stop Eminent Domain Scheme
WSJ - 3:58PM
Fed's Williams: Best to Raise Rates Before Ending Bond Reinvestment
House Financial Services - 2:47PM
Subcommittee Hears Testimony from Subpoenaed CFPB Witnesses
Fannie Mae - 2:45PM
News Release - Fannie Mae Prices Third Capital Markets Risk ...
WSJ - 2:16PM
Key Passages: Read the Federal Reserve Meeting Minutes in Just a Minute
CNBC - 2:15PM
Fed discussed rate hike procedures, no action soon
CNBC - 1:32PM
Kocherlakota: Low inflation signals econ problem
CNBC - 1:32PM
Consumer credit defaults at pre-recession levels
WSJ - 12:28PM
Yellen: Yankee Legends, Fed Officials Shouldn't Be Afraid to Swing and Miss
www.aei-ideas.org - 12:27PM
Is automation responsible for stagnant US wages? Economists respond!
Bloomberg - 11:25AM
Government Mortgage-Bond Task Force Has More Than a Dozen Probes - Bloomberg
Reuters - 11:25AM
Exclusive: New York regulator probes Ocwen over reports of homeowner gag rule
CNBC - 10:21AM
El-Erian: Market's love affair with Fed
WSJ - 10:04AM
Meet Incoming Fed Vice Chair Stanley Fischer
CNBC - 10:02AM
Risky business? Why you should watch Europe bonds
Market Watch - 10:02AM
Treasurys slide ahead of Fed minutes
zillow.mediaroom.com - 8:56AM
Inventory Down For Fourth Straight Month in April; U.S. Home Values Show First Monthly Decline in Two Years
Reuters - 8:54AM
Lowe's May sales improve, severe winter hits first-quarter results

Today's Comments

	MBS Live Chat - 11:56AM "Truly a phenomenal site. Like TruCar for mortgage rates..."
	MBS Commentary - 12:13PM "Look at Matt getting quoted ......"
	MBS Live Chat - 2:00PM "RTRS - U.S. FED POLICY MAKERS DISCUSSED MONETARY POLICY NORMALIZATION IN APRIL AS PART OF 'PRUDENT PLANNING' - FOMC MINUTES..."
	MBS Live Chat - 2:00PM "RTRS - FOMC PARTICIPANTS FAVORED MORE TESTING OF FED POLICY TOOLS, PLAN FURTHER REVIEW AT UPCOMING MEETINGS - MINUTES..."
	MBS Live Chat - 2:00PM "RTRS - LOW WAGE GROWTH ALSO CITED AS EVIDENCE OF LABOR MARKET SLACK - MINUTES..."
	MBS Live Chat - 2:00PM "RTRS - A NUMBER OF PARTICIPANTS SKEPTICAL THAT SHORT-TERM JOBLESSNESS MORE IMPORTANT IN WAGE GROWTH THAN LONG-TERM UNEMPLOYMENT - MINUTES..."
	MBS Live Chat - 2:01PM "RTRS - A FEW PARTICIPANTS FEEL FED SHOULD BE CLEARER ABOUT ITS APPROACH TO EVENTUAL RATE HIKE - MINUTES..."
	MBS Live Chat - 2:01PM "RTRS - A NUMBER OF PARTICIPANTS SAID FED SHOULD SPECIFY PLANS FOR REINVESTING ITS ASSET HOLDINGS, SHRINKING BALANCE SHEET - MINUTES..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.16%

+0.00

15 Yr FRM

3.28%

+0.00

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.95%

+0.00

5/1 Yr ARM

3.22%

+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

4.33%

0.20

-0.06

15 Yr. Fixed

3.43%

0.15

-0.05

30 Yr. Jumbo

4.24%

0.10

-0.05

30 Yr. FHA

4.06%

0.00

-0.03

5/1 ARM

3.14%

0.29

-0.03

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

98-12

-0-03

30YR FNMA 3.5

102-17

+0-00

30YR GNMA 3.0

100-06

-0-03

30YR GNMA 3.5

103-21

+0-02

15YR FNMA 3.0

103-27

+0-01

15YR FNMA 2.5

101-10

+0-02

Treasuries

Yield

Change

2 YR

0.3426%

+0.0039

5 YR

1.5277%

+0.0180

10 YR

2.5338%

+0.0232

30 YR

3.4143%

+0.0335

Prices as of: 5/21/2014 4:12PM 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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