Daily Newsletter: Tuesday February 24, 2015

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30 Year Fixed

                                                                3.79%
                                                                  
                                                                -0.06

15 Year Fixed

                                                                3.08%
                                                                  
                                                                -0.04

10YR Treasury

                                                                1.98%
                                                                  
                                                                -0.0818

FNMA 30YR 3.5

                                                                104-25
                                                                  
                                                                +0-13

FNMA 15YR 2.5

                                                                104-20
                                                                  
                                                                +0-08

View Today's Rates

Tuesday February 24, 2015

Mortgage Rate Watch - 4:40PM

Best Day of the Month for Mortgage Rates

Mortgage rates had their best day of the month today following Fed Chair Yellen's testimony before the Senate Banking Committee. That's part of a 2-day semi-annual update that the Fed ...

MND NewsWire - 11:24AM

Clear Regional Patterns as Home Prices Falter

Despite increases in 2014 that were twice that of inflation, house prices are "faltering." The S&P/Case-Shiller composite city indices for December were nearly flat while the National ...

MBS Commentary - 1:18PM

MBS MID-DAY: Bonds Let Guard Down After no Yellen Bombshells

There are a lot of moving parts to today's movement, and most of them working in synergy to benefit bond markets. The day began with Greece getting their list of reforms submitted to ...

Pipeline Press - 10:55AM

Banks Confront Regulation Overload; LO Survey Results; MBA & Zombie House Proposals; Risk Sharing Securities

Zelman and Associates published its January Homebuilding Survey , indicating that 2015 is off to a strong start. Order growth increased 32% year-over-year, bumping 2015 first quarter ...

Latest Video

Mortgage meltdown brewing? Bove

Trading bonds on Yellen's words

Fed wants to avoid another taper tantrum: Swonk

More News from 'Around the Web'

Calculated Risk Blog - 5:17PM
Lawler on Toll Brothers and Other Builders: Maybe Points to Strong New Home Sales in January
The Big Picture - 4:10PM
Grexit is harder than you think
WSJ - 4:10PM
5 Quotes From Fed Chairwoman Janet Yellen's Report to Congress
rss.nytimes.com - 4:09PM
High-End Home Buyers Call the Tune in a Cautious Market
CNBC - 4:08PM
Yellen gave me a great reason to buy bonds: Trader
WSJ - 4:08PM
New-Home Sales Are Surging. Why Aren't Existing Homes As Hot?
Calculated Risk Blog - 4:07PM
FDIC: Fewer Problem banks, Residential REO Declines in Q4
CNN - 2:18PM
Janet Yellen: Too many American's aren't making it
CNBC - 12:36PM
Fewer sellers may hurt spring housing
Bloomberg - 12:34PM
Traders Still Don't Believe the Fed Is Ready to Raise Rates
Calculated Risk Blog - 12:34PM
A Comment on House Prices: Real Prices and Price-to-Rent Ratio in December
CNBC - 12:34PM
Fed won't raise rates at all in 2015
Reuters - 10:27AM
U.S. home prices rise in December: S&P/Case-Shiller
CNBC - 10:25AM
Read: Yellen's prepared testimony
rss.nytimes.com - 10:25AM
Fed in No Hurry to Raise Rates, Yellen Says
Bloomberg - 10:25AM
Treasuries Decline as Yellen Signals Fed to Be Flexible on Rates
CNBC - 8:44AM
Millennials rent but aren't insured
Reuters - 8:41AM
Home Depot quarterly profit rises 36 percent
Bloomberg - 8:41AM
Seeing a Lot More Existing Home Renovations

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.79%

-0.06

15 Yr FRM

3.08%

-0.04

FHA 30 Year Fixed

3.50%

+0.00

Jumbo 30 Year Fixed

3.80%

-0.05

5/1 Yr ARM

3.13%

-0.02

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

3.93%

0.35

+0.09

15 Yr. Fixed

3.24%

0.35

+0.09

30 Yr. Jumbo

3.92%

0.28

+0.02

30 Yr. FHA

3.73%

0.12

+0.01

5/1 ARM

3.09%

0.47

+0.02

Freddie Mac **

30 Yr. Fixed

3.76%

0.60

+0.07

15 Yr. Fixed

3.05%

0.60

+0.06

1 Yr. ARM

2.45%

0.40

+0.03

5/1 Yr. ARM

2.97%

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

101-28

+0-16

30YR FNMA 3.5

104-25

+0-13

30YR GNMA 3.0

102-20

+0-16

30YR GNMA 3.5

104-29

+0-12

15YR FNMA 3.0

104-20

+0-08

15YR FNMA 2.5

102-15

+0-10

Treasuries

Yield

Change

2 YR

0.5570%

-0.0529

5 YR

1.4559%

-0.0879

10 YR

1.9774%

-0.0818

30 YR

2.5873%

-0.0707

Prices as of: 2/24/2015 4:32PM 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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