Homeownership is Highest Since 2014; Not Your Dad's Cash Out Refi; Rates Spike to 2-Week High

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30 Year Fixed

                                                                4.53%
                                                                  
                                                                +0.06

15 Year Fixed

                                                                4.10%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.72%
                                                                  
                                                                +0.0307

FNMA 30YR 3.5

                                                                100.00
                                                                  
                                                                -0.20

FNMA 15YR 2.5

                                                                99.80
                                                                  
                                                                -0.13

View Today's Rates

Thursday February 28, 2019

MND NewsWire - 6:24PM

Homeownership is Highest Since 2014

The Census Bureau reported on Thursday that the national homeownership rate rose slightly in the fourth quarter of 2018 to 64.8 percent , up from 64.4 percent in the third quarter and ...

MND NewsWire - 11:37AM

This Isn't Your Father's Cash Out Refi

The share of cash-out refinances spiked in 2017 and 2018 in a manner similar to what happened just before the Great Recession. The share jumped to 50 percent in 2017 and 61 percent ...

Mortgage Rate Watch - 6:00PM

Mortgage Rates Spike to 2-Week Highs

Mortgage rates moved quickly higher today following stronger-than-expected economic data. Rates are driven by the bond market. Bonds are safe-haven assets. When the economy is stronger ...

MBS Commentary - 9:53AM

MBS Day Ahead: Biggest Threat To The Range, But There's a Catch

As many of you are likely tired of hearing, bonds have been locked in an increasingly narrow trading range for weeks. The bounces at the boundaries have been almost perfectly well behaved ...

Latest Video

Q4 GDP increases 2.6%, jobless claims 225,000 vs 220,000 expected

Here's why one trader sees the rate rally fading

Art Cashin: Why the next week or so is critical to markets

More News from 'Around the Web'

CNBC - 3:44PM
After slow start, tax refunds are ticking up, with the average check now more than $3,000
eyeonhousing.org - 2:30PM
Strong Owner Household Formations in 2018
Reuters - 2:29PM
U.S. economic growth in 2018 misses Trump's 3 percent target
Bloomberg - 2:27PM
U.S. Consumer Comfort Rises as Personal Finance Outlook Improves
www.realtor.com - 12:49PM
Mortgage Rates Stay Subdued as Housing Reform Issues Grab the Spotlight
CNBC - 11:19AM
Most millennial homeowners have buyer's remorse, a new survey shows
Calculated Risk Blog - 10:56AM
HVS: Q4 2018 Homeownership and Vacancy Rates
www.consumerfinancemonitor.com - 10:33AM
This week's podcast: a discussion of the CFPB's annual report on servicemember complaints
Reuters - 9:50AM
Brexit riddle goes on: May's deal, delayed no-deal or referendum?
Calculated Risk Blog - 9:04AM
Weekly Initial Unemployment Claims increased to 225,000
CNBC - 8:23AM
Fed's Clarida emphasizes 'patient' approach to further rate hikes
CNBC - 8:11AM
Ray Dalio, manager of the world's biggest hedge fund, lowers his odds of a recession
CNBC - 8:02AM
Powell just wrapped up his Capitol Hill testimony here's what experts are watching now

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.53%

+0.06

15 Yr FRM

4.10%

+0.04

FHA 30 Year Fixed

4.18%

+0.04

Jumbo 30 Year Fixed

4.35%

+0.05

5/1 Yr ARM

4.40%

+0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

4.22%

1.43

-0.12

30 Yr. Fixed

4.78%

1.18

-0.20

MBA **

30 Yr. Fixed

4.65%

0.42

-0.01

15 Yr. Fixed

4.00%

0.38

-0.04

30 Yr. Jumbo

4.40%

0.29

-0.16

30 Yr. FHA

4.64%

0.48

-0.04

5/1 ARM

3.95%

0.40

-0.05

Freddie Mac **

30 Yr. Fixed

4.35%

0.50

+0.00

15 Yr. Fixed

3.77%

0.50

-0.01

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

3.84%

0.30

+0.00

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

97.67

-0.27

30YR FNMA 3.5

100.00

-0.20

30YR GNMA 3.0

98.75

-0.23

30YR GNMA 3.5

100.88

-0.17

15YR FNMA 3.0

99.80

-0.13

15YR FNMA 2.5

98.05

-0.14

Treasuries

Yield

Change

2 YR

2.5182%

+0.0182

5 YR

2.5156%

+0.0336

10 YR

2.7168%

+0.0307

30 YR

3.0818%

+0.0162

Prices as of: 2/28/2019 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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