Daily Newsletter: Tuesday May 6, 2014

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30 Year Fixed

                                                                4.24%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.35%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.60%
                                                                  
                                                                -0.0126

FNMA 30YR 3.5

                                                                102-03
                                                                  
                                                                +0-06

FNMA 15YR 2.5

                                                                103-15
                                                                  
                                                                +0-03

View Today's Rates

Tuesday May 6, 2014

Mortgage Rate Watch - 3:36PM

Mortgage Rates Fall Back to Best Levels of 2014

Mortgage rates fell back to their lowest levels of 2014, with most lenders in similar territory to last Friday. Market movement was moderate, but grew increasingly positive for MBS ...

MND NewsWire - 12:38PM

Homebuilders' Leading Market Index Paints Recovery as Slow, Steady

The country has now reached about 88 percent of what is considered its normal level of economic and housing activity the National Association of Home Builders (NAHB) said on Tuesday ...

MND NewsWire - 10:47AM

Home Price Gains Expected to Continue -CoreLogic

Home prices posted another double digit annual increase in March CoreLogic said today. The company's Home Price Index (HPI) including distressed sales rose 11.1 percent compared to ...

MBS Commentary - 8:00AM

MBS Day Ahead: Secret Source of Bond Market Demand Keeping Rates Lower?

There was a Bloomberg article out on Sunday night that quickly made rounds in financial markets and among market watchers. It isn't 'in your face' about it, but essentially claims to ...

Latest Video

Expectations for Yellen's economic plan

Gundlach: Bond yields going lower

Battle in Ukraine intensifies

More News from 'Around the Web'

Calculated Risk Blog - 4:02PM
What's Right with Housing?
Reuters - 4:02PM
Long bond price rises as traders await Yellen
Washington Post - 4:02PM
Wonkblog: Is owning a house part of the American Dream'? Depends on where you live.
Reuters - 4:02PM
UBS defeats shareholders' U.S. appeal over mortgage losses, tax probe
WSJ - 2:34PM
The Economic Cost of Crisis
Bloomberg - 1:29PM
Einhorn Finds Dinner Chat With Bernanke 'Frightening' - Bloomberg
CNBC - 1:26PM
4 years later, flash crash is still being felt
www.aei-ideas.org - 11:50AM
Is the US economy about to do something it rarely does anymore?
Market Watch - 10:53AM
Bond Report: Long-term Treasurys extend gains ahead of auctions
Google News - 10:52AM
Realtors® Report Positive Outlook in Commercial Market with Increases in Sales Volume, Income
National Housing Conference - 10:23AM
New grant helps Homeownership Preservation Fund continue aid to distressed homeowners
Bloomberg - 9:18AM
American Homes 4 Rent to Start Offer of Rental-Home Bonds - Bloomberg
CNBC - 9:17AM
Home buyers want new, but won't pay for it
Reuters - 9:17AM
U.S. trade deficit narrows in March, exports bounce back
CNBC - 8:34AM
The bond market is giving the stock market angst
WSJ - 8:33AM
Will Yellen Drop a Bombshell Wednesday?
CNN - 8:33AM
China's property bubble has burst - report

Today's Comments

	MBS Live Chat - 2:37PM "Sure, If I had an 11% stake I'd like them to stick aruond too:..."
	MBS Live Chat - 2:38PM ""..........Pershing Square has about 11% economic exposure to Fannie Mae and Freddie Mac shares based on common stock outstanding..."..."
	MBS Live Chat - 2:41PM "his motive doesn't bother me...."
	MBS Live Chat - 2:42PM "Absolutely no appetite in COngress to reward hedgies inthe F/F restructure. I just hope small lenders (ie most of us) dont end up competing with the origination arm of securitization platform..."
	MBS Live Chat - 2:43PM "that is why we need f/f. give Congress another reason to maintain the entities...."
	MBS Live Chat - 2:43PM "middle class needs fannie and freddie..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.24%

-0.02

15 Yr FRM

3.35%

-0.02

FHA 30 Year Fixed

3.90%

-0.05

Jumbo 30 Year Fixed

4.00%

-0.02

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

97-32

+0-04

30YR FNMA 3.5

102-03

+0-06

30YR GNMA 3.0

99-31

+0-06

30YR GNMA 3.5

103-09

+0-04

15YR FNMA 3.0

103-15

+0-03

15YR FNMA 2.5

100-28

+0-02

Treasuries

Yield

Change

2 YR

0.4225%

+0.0000

5 YR

1.6791%

+0.0000

10 YR

2.5951%

-0.0126

30 YR

3.3879%

-0.0171

Prices as of: 5/6/2014 4:31PM 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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