Daily Newsletter: Friday May 9, 2014

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30 Year Fixed

                                                                4.21%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.32%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.62%
                                                                  
                                                                +0.0090

FNMA 30YR 3.5

                                                                101-26
                                                                  
                                                                -0-18

FNMA 15YR 2.5

                                                                103-21
                                                                  
                                                                -0-01

View Today's Rates

Friday May 9, 2014

MND NewsWire - 12:26PM

"Undecided" Democrats Decide "No" on Johnson-Crapo

In yesterday's update on housing finance reform it was noted that Senator Tim Johnson (D-SD) was hoping to have 16 favorable votes lined up before bringing S 1217, the Johnson-Crapo ...

Mortgage Rate Watch - 2:02PM

Mortgage Rates Pull Back After Impressive Run

Mortgage rates rose today, pulling back just slightly after spending 6 of the last 7 days in an aggressive move to the lowest levels in more than 6 months. There were no significant ...

MBS Commentary - 7:42AM

MBS Day Ahead: Are Bond Markets About to Break the Range?

First thing's first: "mortgage rates" themselves, have clearly already broken the 2014 range, having moved into the best levels since late October over the past 3 days. Beyond that ...

Pipeline Press - 10:18AM

Trends in 0 Point Loans; CPR primer; Proposed FHA ARM Changes

"Where do I go to find out about resources to mortgage lenders and mortgage brokers to learn about state specific requirements , licensing, the correct way to file mortgage call reports ...

Latest Video

Home prices hitting record highs

What's right with housing

Stocks or bonds: Who has it right?

More News from 'Around the Web'

National Housing Conference - 2:59PM
House THUD bill jeopardizes core housing and community development programs
The Huffington Post - 1:52PM
Fed Chair Not Sure Whether To Call U.S. An Oligarchy Or Democracy
WSJ - 1:52PM
Job Openings Edged Down, but Quitting Rose in March
Market Watch - 12:30PM
Fed bond buying should end in October: Fisher
CNBC - 12:29PM
Inside the most expensive ZIP code in the country
Market Watch - 11:27AM
Bond Report: Long bond set for biggest weekly drop since March
Bloomberg - 11:25AM
Third Point's Loeb Says Harder to Gain on Mortgages - Bloomberg
CNBC - 10:50AM
Home sellers on price: Sky is the limit
The Huffington Post - 10:44AM
House Votes To Make Corporate Tax Credit Permanent
CNBC - 10:26AM
Wholesale inventories jump in March
Market Watch - 10:25AM
Treasurys follow European bonds lower
CNN - 10:25AM
Flood insurance policies get a bailout
CNBC - 8:58AM
The ripple effects of housing's fading rebound
Bloomberg - 8:33AM
JPMorgan Joins Wells Fargo in Rolling Out Jumbo Offerings - Bloomberg

Today's Comments

	MBS Live Chat - 12:14PM "first time I've had this come up in a while. Borrower closing on new home purchase before current home sells. I know I need 6 month reserved on both properties. Can I use vested 401K and all that stuff. I'm a little short on using just checking, savings, and money market......"
	MBS Live Chat - 12:16PM "Should be able to use 60%, MM, but have seen underwriters fuss because the funds may not be available unless he changes employment...."
	MBS Live Chat - 12:16PM "007, yes. Just need to kwow if he has access to those funds..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.21%

+0.03

15 Yr FRM

3.32%

+0.02

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.99%

+0.02

5/1 Yr ARM

3.23%

+0.03

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

97-22

-0-16

30YR FNMA 3.5

101-26

-0-18

30YR GNMA 3.0

99-27

-0-09

30YR GNMA 3.5

103-08

-0-05

15YR FNMA 3.0

103-21

-0-01

15YR FNMA 2.5

100-30

-0-03

Treasuries

Yield

Change

2 YR

0.3869%

-0.0040

5 YR

1.6266%

+0.0016

10 YR

2.6233%

+0.0090

30 YR

3.4668%

+0.0332

Prices as of: 5/9/2014 3:22PM 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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