Daily Newsletter: Monday May 4, 2015

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30 Year Fixed

                                                                3.89%
                                                                  
                                                                +0.05

15 Year Fixed

                                                                3.18%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.14%
                                                                  
                                                                +0.0358

FNMA 30YR 3.5

                                                                104-11
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                104-12
                                                                  
                                                                -0-02

View Today's Rates

Monday May 4, 2015

Mortgage Rate Watch - 4:18PM

Mortgage Rates Continue Disturbingly Higher

Mortgage rates continued higher today, extending a troubling move up to the highest levels since early March. Normally, movement in domestic interest rates is driven by economic data ...

MND NewsWire - 3:45PM

Earlier Intervention Policy is Best for Housing Boom/Bust Cycles

After looking at housing booms and busts in 20 countries, three economists have concluded that the likelihood of a boom ended in a housing market cycle depends on its age - that is ...

MND NewsWire - 2:34PM

Servicer Complaints Ebbing with Delinquencies

Black Knight's Mortgage Monitor report for May took a close look at complaint trends lodged with the Consumer Financial Protection Agency (CFPB). Along with the Five Star Institute ...

MBS Commentary - 7:34AM

MBS Week Ahead: Important Week for Fed Comments, Econ Data, and Trend Watching

After rising to the highest side of the long term trend last week, yields have a chance to explode higher, or re-commit to the range this week. "Exploding higher" could be problematic ...

Latest Video

Bonds are very overvalued: Buffett

Yellen's hands tied: Buffett

Home values rising

More News from 'Around the Web'

WSJ - 4:53PM
Fed's Williams Very Optimistic' on Economy's Outlook
Washington Post - 4:47PM
America's poorest renters are finally catching a break
Bloomberg - 4:46PM
U.S. to Sell Debt This Quarter to Boost Cash Balance
Calculated Risk Blog - 2:35PM
Fed Survey: Banks ease Standards for Residential Mortgages, CRE Loans
www.builderonline.com - 12:52PM
Wells Fargo CEO: Housing Won't "Boom" This Year
Bloomberg - 12:51PM
Buffett Says He'd Short 30-Year Bond If He Had Easy Way to Do It
CNBC - 12:48PM
LIVE: HUD Secretary Castro at eMerge
CNBC - 12:48PM
Housing values: The great divide
Reuters - 10:54AM
U.S. factory orders post largest gain in eight months
www.cfpbmonitor.com - 10:52AM
FDIC to host teleconference on complying with the CFPB mortgage rules
Calculated Risk Blog - 8:57AM
Black Knight March Mortgage Monitor: "Negative Equity Population Shrinks to Just Over 4 Million"
Reuters - 8:55AM
Bull market 'supercycle' for stocks, bonds is ending: Bill Gross
www.gallup.com - 8:54AM
Consumer Spending in U.S. Continues Rising in April to $91
Bloomberg - 1:25AM
Treasury's Bid to Avoid Debt-Sale Surprises Made Trickier by Fed
CNBC - 1:12AM
Housing getting better: Wells CEO
WSJ - 1:10AM
Houston Housing Market Holds Up
CNBC - 1:10AM
Buffett hits back at Clayton Homes lending gripes
Calculated Risk Blog - 1:10AM
Lawler on Housing Vacancy Survey: More "Stunning" Results, But Tough to Interpret
Market Watch - 12:30AM
Capitol Report: Treasury document helps Fannie, Freddie suits: analyst

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.89%

+0.05

15 Yr FRM

3.18%

+0.02

FHA 30 Year Fixed

3.75%

+0.25

Jumbo 30 Year Fixed

3.81%

+0.04

5/1 Yr ARM

3.01%

+0.05

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

3.87%

0.38

+0.01

15 Yr. Fixed

3.16%

0.29

+0.01

30 Yr. Jumbo

3.84%

0.35

+0.03

30 Yr. FHA

3.67%

0.23

-0.02

5/1 ARM

2.82%

0.40

+0.06

Freddie Mac **

30 Yr. Fixed

3.68%

0.60

+0.03

15 Yr. Fixed

2.94%

0.60

+0.02

1 Yr. ARM

2.49%

0.40

+0.05

5/1 Yr. ARM

2.85%

0.50

+0.01

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

101-07

-0-07

30YR FNMA 3.5

104-11

-0-05

30YR GNMA 3.0

102-05

-0-09

30YR GNMA 3.5

104-28

-0-08

15YR FNMA 3.0

104-12

-0-02

15YR FNMA 2.5

102-07

-0-03

Treasuries

Yield

Change

2 YR

0.6030%

+0.0041

5 YR

1.5056%

+0.0083

10 YR

2.1440%

+0.0358

30 YR

2.8765%

+0.0541

Prices as of: 5/4/2015 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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