Daily Newsletter: Wednesday May 7, 2014

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30 Year Fixed

                                                                4.20%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.32%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.59%
                                                                  
                                                                -0.0055

FNMA 30YR 3.5

                                                                102-12
                                                                  
                                                                +0-09

FNMA 15YR 2.5

                                                                103-22
                                                                  
                                                                +0-07

View Today's Rates

Wednesday May 7, 2014

Mortgage Rate Watch - 3:15PM

Mortgage Rates Push Further Into 6-Month Lows

Mortgage rates continued pushing into the lowest levels in more than 6 months after a docile congressional testimony from Fed Chair Yellen this morning. Financial markets and mortgage ...

MND NewsWire - 8:41AM

For Mortgage Apps, It's Now Officially a Buyer's Market

It officially became a buyers' market in mortgage applications during the week ended May 2. The Mortgage Bankers Association said that applications for home purchase mortgages dominated ...

MND NewsWire - 2:39PM

More Americans Think it's Time to Sell -Survey

Fannie Mae is taking an upbeat view of the housing market over upcoming months because of the general improvement in Americans' outlook revealed in its most recent National Housing ...

MND NewsWire - 1:30PM

Kicking the Can; Housing Reform Given Little Shot at Success

Sources say that the Senate Banking Committee will take up discussions of S 1217, yet another bill that addresses housing finance reform , sometime this week. A mark-up session scheduled ...

Latest Video

Yellen on normalizing of interest rates

Yellen cautions on housing activity

Fed Chair Yellen: Inequality trend very worrisome

More News from 'Around the Web'

Reuters - 3:54PM
U.S. consumer credit posts largest gain in a year
Realtor.Org - 3:53PM
FHA Premium Increases Taking Toll
Reuters - 2:53PM
Wells Fargo releases two new credit cards aimed at high spenders
Market Watch - 2:53PM
Federal student loan rates will rise to 4.66%
CNBC - 2:50PM
Why millenials rent: What do you think?
Market Watch - 1:34PM
Treasury sells 10-year at lowest yield since June
www.aei-ideas.org - 12:27PM
Robots rising: The jobs challenge from smart machines
www.npr.org - 10:50AM
Reported $147 Million Home Price Would Set New U.S. Record
Reuters - 10:18AM
Yellen cites housing, geo-political risk to economy
Fannie Mae - 10:18AM
News Release - Consumer Optimism Toward Housing ...
Reuters - 9:21AM
Bad weather sinks first-quarter productivity
www.easyir.com - 9:15AM
TransUnion: Mortgage Delinquency Rate Continues to Drop While Non-Prime Borrowers Represent Bigger Share of New Loans
Reuters - 8:41AM
Stock futures edge up after selloff; Yellen testimony on tap
Bloomberg - 8:41AM
Wells Fargo's Mortgage Pain Proves Salve for Bond Market - Bloomberg
CNBC - 8:36AM
After lull, surge of home buyers rush for loans
CNBC - 8:36AM
US bond markets hinge on Yellen testimony, auction

Today's Comments

	MBS Live Chat - 11:20AM "When the fed says no bubbles it makes me nervous...."
	MBS Live Chat - 11:20AM "thinking the same..."
	MBS Live Chat - 12:59PM "I have a borrower who bought an investment propety last Nov and another in Jan of 2014. Can that rental income be counted if they had no landlord experience prior to the 1st NOO purchase in Nov 2013?..."
	MBS Live Chat - 1:00PM "freddie no, i think fannie yes, Aaron..."
	MBS Live Chat - 1:01PM "It's a lender overlay to require landlord experience..."
	MBS Live Chat - 1:02PM "The other 2 properties I qualified them with full PITI on rentals so rents were not an issue..."
	MBS Live Chat - 1:02PM "75% of that rent applied to PITI on the properties is ABSOLUTELY income that can be used...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.20%

-0.04

15 Yr FRM

3.32%

-0.03

FHA 30 Year Fixed

3.75%

-0.15

Jumbo 30 Year Fixed

3.98%

-0.02

5/1 Yr ARM

3.21%

-0.04

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

98-07

+0-07

30YR FNMA 3.5

102-12

+0-09

30YR GNMA 3.0

100-05

+0-06

30YR GNMA 3.5

103-15

+0-06

15YR FNMA 3.0

103-22

+0-07

15YR FNMA 2.5

101-03

+0-07

Treasuries

Yield

Change

2 YR

0.4028%

-0.0197

5 YR

1.6512%

-0.0279

10 YR

2.5896%

-0.0055

30 YR

3.4025%

+0.0146

Prices as of: 5/7/2014 4:27PM 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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