Daily Newsletter: Friday May 6, 2016

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30 Year Fixed

                                                                3.61%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.90%
                                                                  
                                                                -0.02

10YR Treasury

                                                                1.78%
                                                                  
                                                                +0.0388

FNMA 30YR 3.5

                                                                104-30
                                                                  
                                                                -0-01

FNMA 15YR 2.5

                                                                104-19
                                                                  
                                                                0-00

View Today's Rates

Friday May 6, 2016

Mortgage Rate Watch - 5:09PM

Lowest Rates in 3 Years For Some Lenders

Mortgage rates moved lower today, following after the labor department reported lower-than-expected job creation in the month of April. Interestingly enough, the bonds that underlie ...

MND NewsWire - 10:51AM

CoreLogic: no Energy-Related Increases in Distressed Sales

Distressed properties represented a smaller share of all home sales once again in February. CoreLogic reports that 11.1 percent of closed sales during the month were properties either ...

MND NewsWire - 10:48AM

Fannie Posts Profit, will Continue Dividend Payments

In releasing its first quarter financial results on Thursday Fannie Mae surprised some by not following Freddie Mac down the rabbit hole. The larger of the two GSEs (government sponsored ...

Pipeline Press - 10:04AM

PHH Bails on Correspondent Channel; More Mortgage Earnings; New MI Player?

In residential lending banks, and regulators, fret about non-banks. Do they have enough capital to originate and service loans? And everyone frets about online lenders for a myriad ...

Latest Video

Santelli Exchange: Outrunning 'the bear'

Santelli: Treasuries take a 'U-turn' at high speed

April nonfarm payroll jobs up 160,000

More News from 'Around the Web'

Market Watch - 5:32PM
U.S. stocks gain but log second straight week of losses
CNBC - 5:32PM
Dudley: 2 hikes this year reasonable
Bloomberg - 5:26PM
Trump's Comments on U.S. Debt Seen as Non-Starter by Bond Market
Bloomberg - 2:28PM
Treasuries Poised for Second Weekly Advance as Fed Seen on Hold
Reuters - 12:44PM
BlackRock sees no more than one U.S. rate hike in 2016
Market Watch - 12:44PM
Treasury yields tumble to nearly 1-month low after jobs report
Bloomberg - 8:15AM
AIG Said to Target $4B Valuation in Mortgage Unit IPO
CNBC - 8:15AM
Bond investors look to nonfarm payrolls data

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.61%

-0.02

15 Yr FRM

2.90%

-0.02

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.59%

-0.01

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

3.61%

0.60

-0.05

15 Yr. Fixed

2.86%

0.50

-0.03

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.80%

0.50

-0.06

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

102-24

-0-02

30YR FNMA 3.5

104-30

-0-01

30YR GNMA 3.0

103-22

+0-07

30YR GNMA 3.5

105-20

+0-01

15YR FNMA 3.0

104-19

0-00

15YR FNMA 2.5

103-00

-0-01

Treasuries

Yield

Change

2 YR

0.7380%

+0.0198

5 YR

1.2289%

+0.0321

10 YR

1.7789%

+0.0388

30 YR

2.6276%

+0.0308

Prices as of: 5/6/2016 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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