Daily Newsletter: Thursday January 8, 2015

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30 Year Fixed

                                                                3.74%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.06%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.01%
                                                                  
                                                                +0.0432

FNMA 30YR 3.5

                                                                104-29
                                                                  
                                                                -0-04

FNMA 15YR 2.5

                                                                104-12
                                                                  
                                                                -0-01

View Today's Rates

Thursday January 8, 2015

MBS Commentary - 4:12PM

MBS RECAP: Status of MIP Change as of 1pm; Congrats to HUD on Killing New Originations for the Day

Dear HUD, First of all, thanks for dropping annual MI. That's cool and all, but the way you're rolling this out is causing confusion. The Mortgagee Letter should have been cued up and ...

MND NewsWire - 10:39AM

2015 Housing Policy Agenda: Inertia and Competition?

Stuart Quinn, a policy research and strategy analyst for CoreLogic summarizes 2014 as a period of consumption for housing market participants when it came to regulatory and policy guidance ...

MND NewsWire - 10:27AM

New GSE Loans only Minor Factor in Rising Credit Access

Accessibility to mortgage credit rose in December. The Mortgage Bankers Association said today that its Mortgage Credit Availability Index (MCAI) went from the November level of 114 ...

Mortgage Rate Watch - 4:13PM

Mortgage Rates Continue Drifting Higher Ahead of Jobs Report

Mortgage rates continued drifting slightly higher after a strong move to 19 month lows on Tuesday. The caveat is that today's rates are only higher compared to the past 2 days. They ...

Latest Video

Rates lower, longer everywhere: Starwood's Sternlicht

Low rates ...here's your housing play

Interest rate outlook

More News from 'Around the Web'

rss.nytimes.com - 3:50PM
Report Shows Consumer Borrowing Rose to $3.3 Trillion
Calculated Risk Blog - 3:48PM
FHA Insured Loans: HUD Corrects wording on lower Mortgage Insurance Premium (MIP)
www.whitehouse.gov - 2:35PM
Remarks by the President at Nueva Villas Housing Complex -- Phoenix, AZ
Calculated Risk Blog - 2:35PM
Trulia: "What Falling Oil Prices Mean for Home Prices"
NAHB - 1:33PM
Statement from NAHB Chairman Kevin Kelly on President Obama?s FHA Announcement
freddiemac.mwnewsroom.com - 12:26PM
Mortgage Rates Start the New Year at New Lows
Reuters - 12:26PM
ECB's Draghi says ready to take additional measures if needed
Calculated Risk Blog - 9:58AM
CoreLogic: "273,000 Residential Properties Regained Equity in Q3 2014"
Reuters - 8:57AM
U.S. jobless claims dip, point to firming labor market
Reuters - 8:41AM
ECB warns Greek funding access hinges on keeping bailout
blog.redfin.com - 8:40AM
Tax Tips for First-Time Homebuyers
WSJ - 8:38AM
Could Lower 10-Year Yields Spark A More Aggressive Fed?

Today's Comments

MND NewsWire - 12:23PM

"How about that? If true (as being reported in media today), this will actually help FHA borrowers, and MIGHT even stimulate housing. Sure beats the current FHA situation...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.74%

+0.03

15 Yr FRM

3.06%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.67%

+0.02

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

3.47%

1.11

+0.02

30 Yr. Fixed

4.33%

1.33

-0.01

MBA **

30 Yr. Fixed

4.18%

0.24

-0.01

15 Yr. Fixed

3.38%

0.27

+0.00

30 Yr. Jumbo

4.10%

0.16

-0.03

30 Yr. FHA

3.85%

0.18

-0.05

5/1 ARM

3.09%

0.34

+0.04

Freddie Mac **

30 Yr. Fixed

3.73%

0.60

-0.14

15 Yr. Fixed

3.05%

0.50

-0.10

1 Yr. ARM

2.39%

0.40

-0.01

5/1 Yr. ARM

2.98%

0.50

-0.03

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

102-05

-0-07

30YR FNMA 3.5

104-29

-0-04

30YR GNMA 3.0

102-31

-0-03

30YR GNMA 3.5

105-06

-0-03

15YR FNMA 3.0

104-12

-0-01

15YR FNMA 2.5

102-16

-0-00

Treasuries

Yield

Change

2 YR

0.6050%

-0.0081

5 YR

1.4860%

+0.0081

10 YR

2.0109%

+0.0432

30 YR

2.5922%

+0.0619

Prices as of: 1/8/2015 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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