Daily Newsletter: Wednesday May 4, 2016

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30 Year Fixed

                                                                3.63%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.92%
                                                                  
                                                                -0.01

10YR Treasury

                                                                1.78%
                                                                  
                                                                -0.0211

FNMA 30YR 3.5

                                                                104-27
                                                                  
                                                                0-00

FNMA 15YR 2.5

                                                                104-16
                                                                  
                                                                -0-02

View Today's Rates

Wednesday May 4, 2016

Community Commentary - 1:36PM

Trended Credit Data: Hope or Hype?

Fannie Mae’s Desktop Underwriter (DU) Version 10.1 kicks in June 25th, and has several changes that will significantly impact borrowers’ loan approvals. One of the biggest ...

Mortgage Rate Watch - 5:03PM

Mortgage Rates Fall for 6th Straight Day

Mortgage rates moved lower for the 6th day in a row today, bringing them in line with the best levels in more than a month. It should be noted, however, that the first half of April ...

Community Commentary - 1:26PM

Why was Jerry’s Rate so Much Lower?

A primer to the misunderstood factors that determine Jerry’s (and Shawn’s, and your) interest rates... The excitement in Shawn’s voice was palpable. He called me based ...

MND NewsWire - 9:11AM

Freddie Posts First Loss since 2012

Freddie Mac said today that the company had a net loss in the first quarter of 2016, the first time in four years that it has failed to show a profit. The company posted a $354 million ...

Latest Video

First look at Q2 GDP

Santelli: Rates drift lower on weaker data

ADP April payrolls up 156K

More News from 'Around the Web'

Calculated Risk Blog - 5:27PM
Freddie Mac: Mortgage Serious Delinquency rate decreased in March, Lowest since Aug 2008
corporate.phh.com - 5:26PM
PHH Corporation Announces First Quarter 2016 Results
www.cfpbmonitor.com - 5:26PM
Treasury Dept. marketplace lending findings expected to be released next week
www.npr.org - 1:04PM
Kasich Dropping Out Of Presidential Race; Donald Trump Assured GOP Nomination
CNBC - 1:03PM
Online lenders are taking a beating
CNBC - 10:46AM
Bill Gross: 'Helicopter money' is coming
Reuters - 10:06AM
U.S. trade deficit shrinks as goods imports hit five-year low
Bloomberg - 10:06AM
Rents Rise 10%. And 12%. Also 8%
CNBC - 10:05AM
ISM non-manufacturing index hits 55.7 in April, vs. 54.7 estimate
CNBC - 10:05AM
Factory orders rise 1.1% in March, versus up 0.6% estimate
Calculated Risk Blog - 8:51AM
ADP: Private Employment increased 156,000 in April
Washington Post - 8:50AM
How your parents affect your chances of buying a home
CNBC - 8:47AM
Mortgage applications down 3.4%
Calculated Risk Blog - 8:47AM
Trade Deficit decreased in March to $40.4 Billion
CNBC - 8:47AM
US productivity falls in Q1, pay rises
Bloomberg - 8:47AM
U.S. Bondholders Ignore Brexit Risks Worrying European Investors
CNBC - 8:46AM
Back to pre-crisis days? Barclays offers 100% mortgages for homebuyers

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.63%

-0.01

15 Yr FRM

2.92%

-0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.60%

+0.00

5/1 Yr ARM

3.00%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.45%

1.20

-0.01

30 Yr. Fixed

4.12%

1.43

-0.05

MBA **

30 Yr. Fixed

3.82%

0.33

-0.04

15 Yr. Fixed

3.10%

0.37

+0.00

30 Yr. Jumbo

3.74%

0.31

-0.02

30 Yr. FHA

3.66%

0.29

-0.07

5/1 ARM

2.94%

0.20

+0.00

Freddie Mac **

30 Yr. Fixed

3.66%

0.60

+0.07

15 Yr. Fixed

2.89%

0.60

+0.04

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.86%

0.50

+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

102-20

0-00

30YR FNMA 3.5

104-27

0-00

30YR GNMA 3.0

103-16

+0-03

30YR GNMA 3.5

105-20

+0-03

15YR FNMA 3.0

104-16

-0-02

15YR FNMA 2.5

102-28

0-00

Treasuries

Yield

Change

2 YR

0.7421%

-0.0119

5 YR

1.2340%

-0.0195

10 YR

1.7752%

-0.0211

30 YR

2.6329%

-0.0233

Prices as of: 5/4/2016 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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