Existing Home Sales Improve; Rates Higher, Then Lower After Fed; Gen Z Already Buying Homes

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30 Year Fixed

                                                                4.57%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.92%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.88%
                                                                  
                                                                -0.0184

FNMA 30YR 3.5

                                                                99.64
                                                                  
                                                                +0.16

FNMA 15YR 2.5

                                                                99.47
                                                                  
                                                                +0.11

View Today's Rates

Wednesday March 21, 2018

Mortgage Rate Watch - 5:22PM

Mortgage Rates Higher, Then Lower After Fed Announcement

Mortgage rates rose to new 4-year highs this morning as lenders took a defensive stance ahead of the afternoon's Fed Announcement. The caution proved to be warranted, at least at first ...

MND NewsWire - 1:02PM

Move Over Millennials, Gen Z is Already Buying Homes

Who's afraid of growing up? Apparently not Generation Z. The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeownership. Maria Lamagna, writing ...

MBS Commentary - 2:04PM

Differences Between Previous and Current FOMC Statements

Information received since the Federal Open Market Committee met in December January indicates that the labor market has continued to strengthen and that economic activity has been ...

MND NewsWire - 11:01AM

Existing Home Sales Score First 2018 Gains

Sales of existing homes reversed direction in February after sliding for two consecutive months. The National Association of Realtors® (NAR) said completed sales transactions of ...

Latest Video

Federal Reserve raises rates 0.25%

Powell: Neutral rate of interest is still quite low

Existing home sales up 3.0% in February

More News from 'Around the Web'

Bloomberg - 5:23PM
Central Banks Are Raising Rates at Fastest Pace Since 2011, Deutsche Bank Says
CNBC - 5:22PM
Bill Gross: The Fed won't be able to hike rates as high as they'd like
www.realtor.com - 5:22PM
You'll Never Guess Where Millennials Are Getting the Most Mortgages Now
CNBC - 4:13PM
Fed hike and economic forecast seen as a double-edged sword for markets
CNBC - 3:07PM
Powell says some asset prices are 'elevated' including stocks
CNBC - 2:38PM
Fed still expects 3 rate hikes this year, but will pick up the pace in 2019
CNBC - 2:33PM
Fed hikes rates and raises GDP forecast again
www.consumerfinancemonitor.com - 1:14PM
NYDFS sends survey request to online lenders
Reuters - 12:40PM
What a Federal Reserve rate hike means for U.S. households
Calculated Risk Blog - 12:11PM
AIA: "Architecture billings continue to hold positive in 2018"
CNBC - 11:49AM
Homebuyers are not bothered by higher rates or taxes, but sellers are
Bloomberg - 11:27AM
US Starter Homes Are Pricier, Smaller, Older, and More Scarce
www.realtor.com - 10:34AM
Get Ready for the Most Competitive Spring Home Buying Season Since the Great Recession
CNBC - 10:06AM
Janet Yellen's 2014 'gaffe' is a perfect example of what Fed Chair Jerome Powell has to avoid today
Bloomberg - 9:40AM
ECB Faces Year of Living Uncertainly After Conclusion of QE
CNBC - 8:38AM
The Fed's rate hike is all but baked into the market. Here's what could surprise investors
CNBC - 8:32AM
Watch out for this key relationship in the bond market as the Fed makes its move Wednesday
Bloomberg - 8:32AM
Blackstone and Thomson Reuters Are Weighing a Tradeweb IPO or Sale
info.trulia.com - 8:32AM
Trulia: Buyers Face Tough Spring Market As Move-In Ready Starter Homes Become Harder To Find, Pricier, Smaller, And Older
Bloomberg - 8:31AM
Winning Short Trade on Treasuries Faces Potential Fed Roadblock

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.57%

+0.00

15 Yr FRM

3.92%

-0.01

FHA 30 Year Fixed

4.36%

+0.00

Jumbo 30 Year Fixed

4.58%

+0.01

5/1 Yr ARM

3.65%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.65%

1.14

+0.09

30 Yr. Fixed

4.19%

1.21

+0.02

MBA **

30 Yr. Fixed

4.68%

0.46

-0.01

15 Yr. Fixed

4.12%

0.51

+0.05

30 Yr. Jumbo

4.55%

0.37

+0.00

30 Yr. FHA

4.69%

0.81

-0.04

5/1 ARM

3.83%

0.68

-0.10

Freddie Mac **

30 Yr. Fixed

4.44%

0.50

-0.02

15 Yr. Fixed

3.90%

0.50

-0.04

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.67%

0.40

+0.04

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

96.81

+0.30

30YR FNMA 3.5

99.64

+0.16

30YR GNMA 3.0

97.75

+0.16

30YR GNMA 3.5

100.41

-0.09

15YR FNMA 3.0

99.47

+0.11

15YR FNMA 2.5

97.45

+0.16

Treasuries

Yield

Change

2 YR

2.3076%

-0.0413

5 YR

2.6741%

-0.0255

10 YR

2.8812%

-0.0184

30 YR

3.1112%

-0.0213

Prices as of: 3/21/2018 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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