New Home Sales Contract Sharply; HUD Budget Implications; Lots of Newly-Built Homes, but the Wrong Kind

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30 Year Fixed

                                                                4.03%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.29%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.29%
                                                                  
                                                                +0.0332

FNMA 30YR 3.5

                                                                102.84
                                                                  
                                                                -0.14

FNMA 15YR 2.5

                                                                102.81
                                                                  
                                                                -0.13

View Today's Rates

Tuesday May 23, 2017

Mortgage Rate Watch - 3:54PM

Mortgage Rates Remain Under Pressure

Mortgage rates began the day in decent shape with the average lender roughly unchanged versus yesterday. As the day progressed, bond markets (which dictate rates) weakened. Most lenders ...

MND NewsWire - 3:53PM

HUD Budget Drops by $16 Billion, FHA, GNMA Appear Unscathed

The U.S. Department of Housing and Urban Development (HUD) released its proposed 2018 budget on Tuesday, saying it will continue to provide rental assistance for 4.5 million households ...

MND NewsWire - 1:33PM

There are Tons of Newly Built Homes – Just the Wrong Kind

Ask anyone house hunting this spring, and they'll tell you there are far too few homes for sale. But, really, it's the price tags of the homes for sale that are the issue. It seems ...

MND NewsWire - 10:08AM

New Home Sales Contract Sharply in April

Sales of newly constructed homes lost momentum in April, reversing three straight months of gains. The Census Bureau and the Department of Housing and Urban Development said sales were ...

Latest Video

Big drop in April new homes sales

Trump budget seeks cuts to taxes and safety net programs

Sec. Mnuchin: We had to make difficult budget decisions

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.03%

+0.00

15 Yr FRM

3.29%

+0.00

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.31%

-0.01

5/1 Yr ARM

3.08%

-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

4.02%

0.50

-0.03

15 Yr. Fixed

3.27%

0.50

-0.02

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.13%

0.50

-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

99.94

-0.19

30YR FNMA 3.5

102.84

-0.14

30YR GNMA 3.0

101.52

0.00

30YR GNMA 3.5

103.89

-0.14

15YR FNMA 3.0

102.81

-0.13

15YR FNMA 2.5

100.61

-0.13

Treasuries

Yield

Change

2 YR

1.3073%

+0.0247

5 YR

1.8283%

+0.0331

10 YR

2.2852%

+0.0332

30 YR

2.9448%

+0.0327

Prices as of: 5/23/2017 4:21PM 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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