Daily Newsletter: Friday May 23, 2014

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30 Year Fixed

                                                                4.16%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.28%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.54%
                                                                  
                                                                -0.0179

FNMA 30YR 3.5

                                                                102-16
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                103-26
                                                                  
                                                                0-00

View Today's Rates

Friday May 23, 2014

Mortgage Rate Watch - 1:24PM

Mortgage Rates Sharply Unchanged

Mortgage rates didn't budge today--not one little bit. It's one thing for lenders to be adjusting rate sheets at various points in the day, beginning stronger, ending weaker, and ultimately ...

MND NewsWire - 11:36AM

New Home Sales Rise to Slightly Less Depressed Levels

The U.S. Census Bureau and the Department of Housing and Urban Development said today that the sales of new single family homes in April were at a seasonally adjusted rate of 433,000 ...

Pipeline Press - 11:19AM

State-Level Changes; Lender Updates; Range-Bound Rates

I remember when I first entered the working world, after a few months my HR person asked, "I see that you're not signed up for the company's 401k. Why not?" I replied, "I'd never be ...

MBS Commentary - 11:50AM

MBS MID-DAY: Uneventful Half-Day, but Slightly Stronger for Bond Markets

Very little has happened so far on this holiday-shortened Friday (Monday's the holiday, but MBS/Treasuries close 3 hours early today). The lack of activity will be doubly true from ...

Latest Video

Housing pick-up in sight?

Why Geithner drives liberals crazy: White

April new home sales up 6.4%

More News from 'Around the Web'

CNBC - 1:43PM
Forget 'taper tantrum', here comes 'rate rage'
WSJ - 1:41PM
Poor Americans Direct 40% of Their Spending to Housing Expenses
Market Watch - 12:49PM
The great bond dilemma
WSJ - 12:48PM
What Did Last Year's Mortgage Rate Increase Do to Cool Housing Growth?
NAHB - 11:27AM
Senate Passage of Water Resources Bill Strengthens At-Risk Communities
Bloomberg - 10:46AM
Castro Move to HUD Sets Up Possible VP Selection in 2016 - Bloomberg
Reuters - 10:45AM
New home sales rebound, inventories at 3-1/2 year high
www.americanprogress.org - 10:40AM
Can FHFA Save the Mortgage Market?
WSJ - 8:51AM
The Keys to the Kingdom
www.cfpbmonitor.com - 8:49AM
CFPB highlights unlawful practices by consumer reporting agencies, debt collectors and payday lenders
Reuters - 8:47AM
Stock futures edge higher; new home sales data on tap

Today's Comments

	MBS Live Chat - 9:08AM "with a short day, and a 3 day weekend, i doubt lenders will be real aggressive with rate sheets this morning..."
	MBS Live Chat - 9:09AM "We had weaker econ data and bond market losses yesterday. I would have been locking too with rate sheets the 2nd best of the year...."
	MBS Live Chat - 10:00AM "RTRS- US APRIL SINGLE-FAMILY HOME SALES 433,000 UNIT ANN. RATE (CONS. 425,000) VS MARCH 407,000 UNIT RATE (PREV 384,000)..."
	MBS Live Chat - 10:02AM "Markets seem to be taking these remarkable gains with a hefty dose of skepticism...."
	MBS Live Chat - 10:03AM "numbers were better, but still horrible..."

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%

+0.00

5/1 Yr ARM

3.24%

+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

98-11

+0-02

30YR FNMA 3.5

102-16

+0-01

30YR GNMA 3.0

100-01

+0-00

30YR GNMA 3.5

103-19

+0-00

15YR FNMA 3.0

103-26

0-00

15YR FNMA 2.5

101-10

+0-00

Treasuries

Yield

Change

2 YR

0.3465%

-0.0001

5 YR

1.5291%

-0.0167

10 YR

2.5356%

-0.0179

30 YR

3.3983%

-0.0278

Prices as of: 5/23/2014 2:06PM 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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