CFPB Charges Prospect; Rates Higher Despite Help From Fed; Freddie Housing Outlook

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30 Year Fixed

                                                                4.25%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.44%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.48%
                                                                  
                                                                +0.0149

FNMA 30YR 3.5

                                                                101.98
                                                                  
                                                                -0.11

FNMA 15YR 2.5

                                                                102.48
                                                                  
                                                                -0.03

View Today's Rates

Wednesday February 1, 2017

MND NewsWire - 10:30AM

Illegal Kickback Charges Brought Against Prospect Mortgage

Prospect Mortgage, a Sherman Oaks, California based lender has been cited by the Consumer Financial Protection Bureau (CFPB) for paying illegal kickbacks for mortgage business referrals ...

Mortgage Rate Watch - 5:05PM

Mortgage Rates Higher Despite Help From The Fed

Mortgage rates were higher to end the day, but not as high as they might have been without the Fed Statement. The day began with a series of strong economic reports. The ADP Employment ...

MND NewsWire - 10:38AM

Freddie Mac Housing Outlook: Uncertainties Abound

Freddie Mae's Outlook for January looks at the uncertainties facing the housing market heading into the second month of 2017. While acknowledging that the economy is now in its eighth ...

MBS Commentary - 2:07PM

Differences Between Current and Previous FOMC Statements

(Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in December suggests indicates that the labor market conditions improved ...

Latest Video

Fed rate hike coming in March?

Rieder: Expecting 3-4 rate hikes in 2017

Dots aligned for Fed rate hike this year: Pro

More News from 'Around the Web'

eyeonhousing.org - 5:05PM
Homeownership Rate Bottoming Out?
Bloomberg - 2:39PM
Fed Nods to Improved Sentiment While Leaving Rates Unchanged
CNBC - 1:14PM
Blackstone takes its single-family rental bet public as sector soars
Google News - 10:39AM
NAR Finds Real and Imaginary Barriers Holding Back Prospective Homebuyers
CNBC - 10:10AM
ISM manufacturing index hits 56 in January vs estimate of 55
CFPB - 8:56AM
CFPB Orders Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme
Bloomberg - 8:37AM
Yellen Urged to Halt Talks on Global Bank Rules for Trump Review
CNBC - 8:37AM
Invitation Homes raises $1.54 billion in IPO: Source
Reuters - 8:35AM
Dollar hit by crossfire as Trump talks currency wars
CNBC - 8:35AM
Contrarian call: Why one trader is buying bonds

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.25%

+0.04

15 Yr FRM

3.44%

+0.03

FHA 30 Year Fixed

3.80%

+0.05

Jumbo 30 Year Fixed

4.37%

+0.04

5/1 Yr ARM

3.06%

+0.05

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.06%

1.30

+0.03

30 Yr. Fixed

3.76%

1.38

+0.03

MBA **

30 Yr. Fixed

4.41%

0.38

+0.13

15 Yr. Fixed

3.64%

0.34

+0.12

30 Yr. Jumbo

4.36%

0.26

+0.07

30 Yr. FHA

4.15%

0.29

+0.13

5/1 ARM

3.45%

0.26

+0.17

Freddie Mac **

30 Yr. Fixed

4.19%

0.40

+0.10

15 Yr. Fixed

3.40%

0.40

+0.06

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.20%

0.40

-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

98.72

-0.13

30YR FNMA 3.5

101.98

-0.11

30YR GNMA 3.0

100.52

-0.08

30YR GNMA 3.5

103.38

-0.20

15YR FNMA 3.0

102.48

-0.03

15YR FNMA 2.5

99.84

-0.08

Treasuries

Yield

Change

2 YR

1.2204%

+0.0080

5 YR

1.9327%

+0.0116

10 YR

2.4773%

+0.0149

30 YR

3.0819%

+0.0149

Prices as of: 2/1/2017 4:30PM 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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