Mortgage Rates Lowest in More Than a Month; Construction Spending Increases; Prepays Nosedive, but Cash-Out Near 50%

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30 Year Fixed

                                                                4.15%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.36%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.32%
                                                                  
                                                                -0.0663

FNMA 30YR 3.5

                                                                102.70
                                                                  
                                                                +0.38

FNMA 15YR 2.5

                                                                102.77
                                                                  
                                                                +0.23

View Today's Rates

Monday April 3, 2017

Mortgage Rate Watch - 4:58PM

Mortgage Rates Lowest in More Than a Month

Mortgage rates fell fairly quickly today as investors adjusted bond market holdings for the new month (higher demand for bonds coincides with lower rates). Money managers have to hold ...

MND NewsWire - 1:42PM

Residential Construction Spending Up 6.4 Percent Annually

Spending on residential buildings fared better than overall construction spending in February. The U.S. Census Bureau said on Monday that expenditures for all construction was at a ...

MND NewsWire - 10:16AM

Prepays Nosedive but Cash-Out Refi's Near 50% Share

The conditional prepayment rate (CPR), the annualized percentage of total mortgage principal that borrowers prepay on a pool of loans in a given time period, dove steeply in the early ...

Pipeline Press - 9:33AM

Attorneys Weigh in on MSAs, Builder Incentives, The CFPB, and RESPA

Welcome to Q2! I am attending the NYMBA conference for a few days, but 1,300 miles south, in Florida (aka "God's waiting room"), folks are talking "real estate boom." Tampa now takes ...

Latest Video

Millennials tap into home equity

Symbiotic relationship between 10-Year yields and equities: Pro

Fed's balance sheet plan

More News from 'Around the Web'

Market Watch - 4:16PM
U.S. households will soon have as much debt as they had in 2008
www.realtor.com - 4:16PM
Why Lower House Prices Lead to Higher Student Loan Default Rates
Reuters - 4:16PM
Government orders Wells Fargo to reinstate whistleblower
Market Watch - 1:41PM
Lost in the balance sheet debate â" the Fed may pause once run-off begins
CNBC - 11:50AM
Student loan debt may mean fewer homeowners, less consumer spending, Fed's Dudley says
CNBC - 11:47AM
Homeowners are pulling cash out again; this time it's the millennials
Bloomberg - 10:19AM
ECB Rate Increase Debate Silenced as Officials Push Back
www.gallup.com - 10:19AM
US Consumers' Spending Flat in March, at $100
Reuters - 10:18AM
U.S. construction spending rises to near 11-year high
CNBC - 10:17AM
ISM manufacturing index hits 57.2 in March vs estimate of 57
CNBC - 8:42AM
The Fed's obsession with 2% inflation belongs in 'the halls of academia,' Peter Boockvar warns
Bloomberg - 8:41AM
Bond Traders Are No Fools, Dismissing Bluster of Four Rate Hikes
CNBC - 8:41AM
40,000 homes without power as storm sweeps Southeast
Market Watch - 8:40AM
Don't fear the ARM as interest rates rise
Calculated Risk Blog - 8:39AM
Black Knight on Mortgages "44 Percent of Q4 Refis Were Cash-Outs, Most Equity Drawn in Eight Years"

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.15%

-0.04

15 Yr FRM

3.36%

-0.04

FHA 30 Year Fixed

3.75%

-0.10

Jumbo 30 Year Fixed

4.39%

-0.04

5/1 Yr ARM

3.12%

+0.02

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

4.14%

0.50

-0.09

15 Yr. Fixed

3.39%

0.40

-0.05

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.18%

0.40

-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

99.61

+0.41

30YR FNMA 3.5

102.70

+0.38

30YR GNMA 3.0

101.33

+0.42

30YR GNMA 3.5

103.73

+0.16

15YR FNMA 3.0

102.77

+0.23

15YR FNMA 2.5

100.33

+0.28

Treasuries

Yield

Change

2 YR

1.2260%

-0.0359

5 YR

1.8536%

-0.0709

10 YR

2.3229%

-0.0663

30 YR

2.9540%

-0.0578

Prices as of: 4/3/2017 5:05PM 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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