Daily Newsletter: Thursday May 8, 2014

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30 Year Fixed

                                                                4.18%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.30%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.61%
                                                                  
                                                                +0.0247

FNMA 30YR 3.5

                                                                102-12
                                                                  
                                                                -0-00

FNMA 15YR 2.5

                                                                103-22
                                                                  
                                                                -0-00

View Today's Rates

Thursday May 8, 2014

Mortgage Rate Watch - 3:15PM

Mortgage Rates Holding Ground at 6-Month Lows

Mortgage rates added just slightly to yesterday's improvements, inching just a bit lower into the best levels in more than 6 months. The bond markets that dictate rates took their cues ...

MND NewsWire - 1:40PM

Even as Distressed Sales Fall; All-Cash Buying Increases

Even though sales to investors and sales of distressed homes have declined the National Association of Realtors® (NAR) reports that all-cash sales continue to climb . According ...

MND NewsWire - 12:50PM

GSE Profits Fall, 'Only' Sending $10.2 bln to Treasury for Q1

Freddie Mac and Fannie Mae both reported profitable results for the first quarter of 2014 today, the 10th consecutive profit for Freddie Mac and the 9th for its sister company. Based ...

MND NewsWire - 1:31PM

Mortgage Credit Tightens Slightly, but not for Jumbo Borrowers

Mike Fratantoni, Chief Economist of the Mortgage Bankers Association explained the slightly lower Mortgage Credit Availability Index (MCAI) for April as the result of countervailing ...

Latest Video

Yellen on the economy

All cash sales soar to record 42.7%

Zillow CEO: Home values appreciating about 6% YOY

More News from 'Around the Web'

www.freddiemac.com - 4:17PM
Five Ways Freddie Mac Is Supporting the Market and Strengthening the Industry
Calculated Risk Blog - 3:10PM
Asking Prices up 9.0% Annually, Slowest Pace of Improvement in 11 Months
www.justice.gov - 3:08PM
Real Estate Developer Pleads Guilty to $50 Million Securities Fraud Scheme
CNBC - 3:08PM
Is market losing taste for pricey Treasurys?
WSJ - 3:05PM
Mortgage Rates Hit Six-Month Low; Not Likely to Rebound
CNBC - 1:55PM
US ambassador: Russian troops haven't withdrawn
Reuters - 1:24PM
Could take 5-8 years to shrink Fed portfolio: Yellen
WSJ - 11:47AM
Five Takeaways From Fed Chairwoman Janet Yellen's Testimony
Google News - 11:47AM
All-Cash Sales Up While Distressed Sales and Investors Decline
Fannie Mae - 11:46AM
News Release - HUD and Fannie Mae Announce Expansion ...
Bloomberg - 10:31AM
Consumer Comfort in U.S. Cools From Second-Best Level Since 2008 - Bloomberg
CNBC - 10:31AM
For young, retiring beats home ownership
NAHB - 10:30AM
Single-family 55+ HMI Rises to Highest First Quarter Reading Since 2008
freddiemac.mwnewsroom.com - 10:30AM
30-Year Fixed-Rate Mortgage Hits Low for the Year
CNBC - 9:58AM
For millennials, retirement beats home ownership
CNBC - 8:58AM
Plosser: Fed needs systematic policies
CNBC - 8:33AM
Investors bet on reverse mortgage return
freddiemac.mwnewsroom.com - 8:32AM
Freddie Mac Reports First Quarter 2014 Financial Results
Reuters - 8:32AM
Fannie Mae to pay Treasury $5.7 billion on quarterly profit
CNN - 8:32AM
Nearly half of all home sales all-cash deals

Today's Comments

	MBS Live Chat - 1:05PM "Santelli gave it a D-..."
	MBS Live Chat - 1:05PM "At least it wasn't an F+..."
	MBS Live Chat - 1:09PM "shouldn't be a game-changer for MBS, but an unpleasant speed-bump..."
	MBS Live Chat - 1:30PM "Cash-out on new home value is 6 months correct?..."
	MBS Live Chat - 1:30PM "I only ask becuase someone else is telling me 12 months..."
	MBS Live Chat - 1:31PM "Agency Direct is 6 months...."
	MBS Live Chat - 2:17PM "has anyone had issues getting an LP accept when a borrower has had a foreclosure? its been more than 3 years so freddie should allow. 1st and 2nd mortgage on the foreclosure, on the credit report 1st shows 2/12 but 2nd shows 5/13. i am thinking its getting referred because the 2nd is shown as less than..."
	MBS Live Chat - 2:17PM "Any notations on the second that it was settled for less?..."
	MBS Live Chat - 2:18PM "shows as charge off..."
	MBS Live Chat - 2:19PM "Oddly Freddie will allow a foreclosure after 3 full years with at least 10% down and a LP streamline accept, but they will not allow it with a pre-foreclosure or short sale. Just went through this and because of the reporting on the second, I can only look at FHA..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.18%

-0.02

15 Yr FRM

3.30%

-0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.97%

-0.01

5/1 Yr ARM

3.20%

-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

4.49%

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

4.21%

0.60

-0.08

15 Yr. Fixed

3.32%

0.60

-0.06

1 Yr. ARM

2.43%

0.40

-0.02

5/1 Yr. ARM

3.05%

0.50

+0.00

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

98-06

-0-01

30YR FNMA 3.5

102-12

-0-00

30YR GNMA 3.0

100-04

-0-01

30YR GNMA 3.5

103-13

-0-02

15YR FNMA 3.0

103-22

-0-00

15YR FNMA 2.5

101-01

-0-02

Treasuries

Yield

Change

2 YR

0.3909%

-0.0119

5 YR

1.6250%

-0.0262

10 YR

2.6143%

+0.0247

30 YR

3.4336%

+0.0319

Prices as of: 5/8/2014 4:30PM 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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