Daily Newsletter: Thursday May 22, 2014

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30 Year Fixed

                                                                4.16%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.28%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.55%
                                                                  
                                                                +0.0179

FNMA 30YR 3.5

                                                                102-15
                                                                  
                                                                -0-02

FNMA 15YR 2.5

                                                                103-26
                                                                  
                                                                -0-01

View Today's Rates

Thursday May 22, 2014

MND NewsWire - 11:21AM

Existing Homes Sales Post First 2014 Increase

There were stirrings of a spring market in April as both existing home sales and the inventory of available homes increased. The National Association of Realtors® (NAR) said that ...

MND NewsWire - 12:45PM

Mortgage Banking Profits Hit Hard in 2nd Half of 2013

Mortgage banks had what the Mortgage Bankers Association (MBA) termed "respectable" production profits in 2013 , even though they were dramatically lower than in 2012 and declined precipitously ...

Mortgage Rate Watch - 2:58PM

Mortgage Rates Staying Flat Near 2014 Lows

Mortgage rates , once again, are ending the day essentially unchanged compared to the previous day. Morning rate sheets were in stronger territory, in some cases approaching those seen ...

MND NewsWire - 10:47AM

Distressed Loan Data Improving; Signs of Life for Refinances

While prepayment rates have plummeted since last year they did show some signs of life in April Black Knight Financial Services said today. While their "First Look" at mortgage data ...

Latest Video

Santelli Exchange: FHFA vs. Congress

Core issues with housing

Cashin: Fed in 'puzzling place' with housing

More News from 'Around the Web'

The Huffington Post - 3:21PM
The Central Contradiction of Capitalism that Piketty Overlooked
Calculated Risk Blog - 3:17PM
Employment Scars of the Housing Bust
CNBC - 2:25PM
This is a ticking time bomb for banks
The Atlantic - 2:23PM
The Racist Housing Policy That Made Your Neighborhood
Bloomberg - 2:16PM
Blackstone Pays Up to Sell Almost $1 Billion of Rental Bonds - Bloomberg
CNBC - 12:19PM
Condo sales surge ahead of single-family homes
CNBC - 11:31AM
Wells CEO: American Dream will die, unless...
WSJ - 10:53AM
Why Housing Isn't As Cheap as It Looks
CNBC - 10:30AM
Existing home sales rebound, inventory increases
freddiemac.mwnewsroom.com - 10:29AM
Fixed Mortgage Rates Near Seven Month Low Heading Into Memorial Day Weekend
WSJ - 9:59AM
Why Overhauling Fannie Mae and Freddie Mac Needs Congress
www.lpsvcs.com - 9:58AM
Black Knight Financial Services' "First Look" at April 2014 Mortgage Data
Market Watch - 9:05AM
Treasurys cut losses after jobless claims
Reuters - 9:04AM
Jobless claims rise; still close to pre-recession level
rss.nytimes.com - 8:27AM
Real Estate and the Recovery: Rent or Buy? The Math Is Changing
CNBC - 8:24AM
Wall Street to eye initial claims, home sales
CNBC - 8:23AM
US bonds decline after Fed reassures on rate hike

Today's Comments

	MND NewsWire - 6:28PM "The length of time homes are in foreclosure has almost doubled in the past few years. It's creating perverse incentives in the market. For example, in some of the tighter markets out west like Las Vegas there is the concept of shadow inventory. There are so many homes in foreclosure process that it's..."
	MND NewsWire - 5:39PM "and how good are these figures anyway? How many houses have been bought by "Funds" designed strictly to buy up homes, fed cheap money to do so, all for the purpose of propping up the value of the Banks REO properties? Those aren't your normal home buyers you know. And what the numbers also don't tell..."

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

3.96%

+0.01

5/1 Yr ARM

3.23%

+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

4.14%

0.60

-0.06

15 Yr. Fixed

3.25%

0.50

-0.04

1 Yr. ARM

2.43%

0.40

+0.00

5/1 Yr. ARM

2.96%

0.40

-0.05

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

98-09

-0-03

30YR FNMA 3.5

102-15

-0-02

30YR GNMA 3.0

100-01

-0-04

30YR GNMA 3.5

103-19

-0-02

15YR FNMA 3.0

103-26

-0-01

15YR FNMA 2.5

101-10

0-00

Treasuries

Yield

Change

2 YR

0.3466%

+0.0040

5 YR

1.5441%

+0.0180

10 YR

2.5517%

+0.0179

30 YR

3.4252%

+0.0101

Prices as of: 5/22/2014 3:50PM 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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