Daily Newsletter: Monday March 23, 2015

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                3.72%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.02%
                                                                  
                                                                -0.01

10YR Treasury

                                                                1.91%
                                                                  
                                                                -0.0191

FNMA 30YR 3.5

                                                                105-00
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                104-22
                                                                  
                                                                +0-03

View Today's Rates

Monday March 23, 2015

Mortgage Rate Watch - 4:33PM

Mortgage Rates Lowest in 6 Weeks

Mortgage rates continued lower today, reaching levels not seen since February 9th. This further solidifies the positive move that followed last week's FOMC Announcement and Press Conference ...

MND NewsWire - 11:51AM

Inventory Hampering Home Sales and Pushing Prices Higher

Short supplies of existing home inventory continued to hold back sales in February the National Association of Realtors® (NAR) said today, but contributed to the fastest annual ...

MND NewsWire - 2:15PM

"First Look" at Foreclosure Milestone -Black Knight

The number of pending foreclosures nationwide, the "foreclosure inventory," reached a milestone in February . For the first time since December 2007 it has dipped slightly below 800 ...

Pipeline Press - 11:02AM

CFPB and Government Updates; March Madness or Lock Lunacy? April, May Should be Solid!

Today I head off to Austin, Texas for four days of MBA STRATMOR Peer Group Program meetings - a great opportunity to sit in a room with the MBA, STRATMOR execs, and CEOs & CFOs ...

Latest Video

The problem with existing home sales

Why 10-year yield will hit 1.5%: Sri-Kumar

Fischer: Fed fund rate increase likely this year; 'no plans' for regular hikes

More News from 'Around the Web'

CNBC - 4:22PM
US 10-year yield heading to 1.5%: Pro
CNBC - 2:20PM
Don't blame Germany for Greece's problems: Tsipras
Reuters - 2:18PM
Fed expected to hike this year, but future path uncertain: Fischer
WSJ - 1:32PM
Is There a Bearish Case on Spring's New-Home Sales?
Bloomberg - 1:30PM
The Fed May Be Overreacting to the Dollar's Strength
www.frbsf.org - 1:30PM
Mortgaging the Future?
Calculated Risk Blog - 1:30PM
A Few Comments on February Existing Home Sales
Market Watch - 11:46AM
Home-price growth is squeezing would-be buyers
Bloomberg - 11:44AM
25 Basis-Point Rate Rise Would Aid US Housing
CNBC - 10:29AM
Another Fannie Freddie bailout? No way
Reuters - 10:28AM
Existing home sales rise marginally in February
www.ourbroker.com - 9:41AM
Should We Dump Mortgage Insurance?
Bloomberg - 9:41AM
Ocwen Says Critics Seek More Foreclosures, Fewer Modifications - Bloomberg
www.freddiemac.com - 9:41AM
Time for a Quality Control Tune-Up
Calculated Risk Blog - 9:41AM
Black Knight: Mortgage Delinquencies Declined in February, Lowest since August 2007

Today's Comments

	MND NewsWire - 1:49PM "After I wrote the last sentence, I begin to wonder: is housing finance even really about home ownership anymore? Perhaps the simple truth is the primary mortgage market serves to feed the secondary market debt machine, which trades in multi-trillion dollar securities all over the global economies. In..."
	MND NewsWire - 9:25PM "Ted, your comments hold some truth. When I appraise for my lawyer clients my scope of work is to only meet my professional USPAP guidelines. When we say scope of work we are essentially saying what set of standards must be met. I have no restrictions as to what comps I can use, I’m not forced to stay..."
	MND NewsWire - 1:55PM "HVCC and Dodd/Frank over regulation chickens coming home to roost...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.72%

-0.02

15 Yr FRM

3.02%

-0.01

FHA 30 Year Fixed

3.25%

-0.05

Jumbo 30 Year Fixed

3.63%

-0.01

5/1 Yr ARM

3.12%

+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

4.01%

0.39

+0.05

15 Yr. Fixed

3.29%

0.30

+0.02

30 Yr. Jumbo

4.02%

0.27

+0.07

30 Yr. FHA

3.80%

0.20

+0.04

5/1 ARM

3.18%

0.40

+0.13

Freddie Mac **

30 Yr. Fixed

3.78%

0.60

-0.08

15 Yr. Fixed

3.06%

0.60

-0.04

1 Yr. ARM

2.46%

0.40

+0.00

5/1 Yr. ARM

2.97%

0.50

-0.04

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

102-09

+0-04

30YR FNMA 3.5

105-00

+0-03

30YR GNMA 3.0

102-31

+0-05

30YR GNMA 3.5

105-06

+0-06

15YR FNMA 3.0

104-22

+0-03

15YR FNMA 2.5

102-19

+0-03

Treasuries

Yield

Change

2 YR

0.5772%

-0.0040

5 YR

1.3881%

-0.0230

10 YR

1.9077%

-0.0191

30 YR

2.5052%

+0.0030

Prices as of: 3/23/2015 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.

View this Report in your Web Browser | Forward to a Friend | Subscribe