Fed Statement Erases Morning Mortgage Rate Gains; Purchase Apps Not Filling Refi Gap

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30 Year Fixed

                                                                4.08%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.33%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.32%
                                                                  
                                                                +0.0342

FNMA 30YR 3.5

                                                                102.67
                                                                  
                                                                -0.14

FNMA 15YR 2.5

                                                                102.72
                                                                  
                                                                -0.16

View Today's Rates

Wednesday May 3, 2017

Mortgage Rate Watch - 4:38PM

Fed Statement Erases Morning Mortgage Rate Gains

Mortgage rates ended the day relatively close to ' unchanged ,' depending on the lender. That's somewhat surprising considering the presence of several big-ticket events on today's ...

MND NewsWire - 9:03AM

Purchase Mortgage Gain Fails to Fill Refi Gap

Mortgage application volume decreased for the second consecutive week as the growing pool of purchase mortgage applications just missed covering the gap from declining refinance activity ...

Pipeline Press - 9:28AM

MBA Conference; Stonegate and Nationstar; Treasury Trading Changes

As the 1,400 or so registered participants in the MBA’s Secondary Marketing conference head home, bleary-eyed, the tag-line for the conference could have been, “Just Do ...

MBS Commentary - 2:02PM

Differences Between Current and Previous FOMC Statements

(Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in February March indicates that the labor market has continued to ...

Latest Video

Fed faces uncertainty

Fed: Economy will warrant gradual rate hikes

Fed leaves rates, balance sheet policy unchanged

More News from 'Around the Web'

appropriations.house.gov - 4:56PM
Bill to Fund Federal Government Approved
Bloomberg - 4:32PM
Bernanke Says Fed to Unwind Balance Sheet Over 4-5 Years (Video)
CNBC - 4:31PM
House has the votes for funding bill to avert shutdown
freddiemac.mwnewsroom.com - 3:24PM
Freddie Mac Settles Second Seasoned Credit Risk Transfer Offering
Reuters - 3:24PM
Credit Suisse pays $400 million over toxic mortgages, failed U.S. credit unions
Market Watch - 2:10PM
The Fed: Fed holds interest rates steady, dismisses first quarter slump as transitory'
Reuters - 12:38PM
U.S. House nearing passage of bill to fund government, avoid shutdown
CNBC - 10:05AM
ISM non-manufacturing index hits 57.5 in April, vs. 55.8 estimate
Market Watch - 8:59AM
U.S. Treasury says 'internal review' of ultralong bonds underway
Calculated Risk Blog - 8:36AM
ADP: Private Employment increased 177,000 in April
CNBC - 8:36AM
US bond yields rise as Treasury, Fed decisions come into focus
CNBC - 8:35AM
Mortgage applications to buy a home finally spring back, climbing 5%
Calculated Risk Blog - 8:34AM
Wednesday: FOMC Announcement, ADP Employment, ISM non-mfg Survey

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.08%

+0.00

15 Yr FRM

3.33%

+0.00

FHA 30 Year Fixed

3.80%

+0.00

Jumbo 30 Year Fixed

4.35%

+0.00

5/1 Yr ARM

3.10%

+0.01

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

4.03%

0.50

+0.06

15 Yr. Fixed

3.27%

0.40

+0.04

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.12%

0.40

+0.02

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

99.72

-0.13

30YR FNMA 3.5

102.67

-0.14

30YR GNMA 3.0

101.20

-0.03

30YR GNMA 3.5

103.89

+0.03

15YR FNMA 3.0

102.72

-0.16

15YR FNMA 2.5

100.42

-0.19

Treasuries

Yield

Change

2 YR

1.2978%

+0.0359

5 YR

1.8536%

+0.0444

10 YR

2.3216%

+0.0342

30 YR

2.9689%

-0.0071

Prices as of: 5/3/2017 5:06PM 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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