Daily Newsletter: Friday May 8, 2015

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30 Year Fixed

                                                                3.87%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                3.17%
                                                                  
                                                                -0.05

10YR Treasury

                                                                2.14%
                                                                  
                                                                -0.0358

FNMA 30YR 3.5

                                                                104-21
                                                                  
                                                                +0-10

FNMA 15YR 2.5

                                                                104-18
                                                                  
                                                                +0-08

View Today's Rates

Friday May 8, 2015

Mortgage Rate Watch - 4:14PM

Mortgage Rates Lowest This Week After Jobs Report

Mortgage rates had been under heavy attack for several weeks before finally striking back yesterday. The counterattack could only go so far with today's important Employment Situation ...

MND NewsWire - 3:17PM

Banks Agree to Remove Credit Notations on "Zombie" Debt

A million or more consumers nationwide may see their credit histories improve as a result of an agreement in a Federal Bankruptcy Court in White Plains, New York. As a result of two ...

Pipeline Press - 10:11AM

Vendor Updates; SAFE Act Changes on The Way?

According to the MBA's Quarterly Index of Commercial/Multifamily Mortgage Bankers Originations for the first quarter of 2015, the YoY origination increase includes a 269 percent increase ...

MBS Commentary - 1:27PM

MBS MID-DAY: Bullet Dodged After Weaker NFP, But More Coming?

If you observe nothing else from anything I've written this week, it should be the calls for a technical correction on Wednesday and Thursday. Those had to do with the charts I kept ...

Latest Video

Q1 GDP estimates plunging

'Zombie debt' a thing of the past

How will Fed react to jobs data?

More News from 'Around the Web'

Washington Post - 4:37PM
The good news is the recovery is the same as ever. The bad news is the recovery is the same as ever.
WSJ - 4:35PM
Housing Regulator Extends Mortgage Modification Programs Through 2016
CNBC - 3:14PM
Interest rates too low: PIMCO CIO
WSJ - 3:12PM
U.S. Economy May Reach Job Market Nirvana in Next Six Months
WSJ - 3:12PM
Hilsenrath: Job Numbers Restore Confidence, But Don't Give Fed Reason to Hurry
Calculated Risk Blog - 3:10PM
Fannie and Freddie: REO inventory declined in Q1, Down 30% Year-over-year
Bloomberg - 12:25PM
Janus's Bill Gross Says German Bund Yields Reached Bottom
Bloomberg - 12:25PM
Jobs in Home Construction Just Surged the Most Since 2006
Washington Post - 12:24PM
The mystery of Germany's crazy bonds
WSJ - 12:24PM
ECB's Liikanen: Bond-Buying Program Has Stimulated Inflation Expectations
CNBC - 10:44AM
Jobs report just put Fed in a bad spot
CNBC - 10:44AM
US wholesale rose slightly in March
Bloomberg - 9:08AM
Hard Money Comes Easy as Wall Street Funds Home Flippers
WSJ - 9:04AM
April Jobs Report The Numbers

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.87%

-0.08

15 Yr FRM

3.17%

-0.05

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.77%

-0.06

5/1 Yr ARM

3.00%

-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

3.87%

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

3.80%

0.60

+0.12

15 Yr. Fixed

3.02%

0.60

+0.08

1 Yr. ARM

2.46%

0.40

-0.03

5/1 Yr. ARM

2.90%

0.40

+0.05

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

101-16

+0-13

30YR FNMA 3.5

104-21

+0-10

30YR GNMA 3.0

102-18

+0-14

30YR GNMA 3.5

105-08

+0-10

15YR FNMA 3.0

104-18

+0-08

15YR FNMA 2.5

102-12

+0-09

Treasuries

Yield

Change

2 YR

0.5719%

-0.0634

5 YR

1.4879%

-0.0704

10 YR

2.1424%

-0.0358

30 YR

2.8973%

-0.0107

Prices as of: 5/8/2015 4:27PM 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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