Daily Newsletter: Wednesday May 15, 2013

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30 Year Fixed

                                                                3.68%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.84%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.95%
                                                                  
                                                                -0.0331

FNMA 30YR 3.5

                                                                105-06
                                                                  
                                                                +0-00

FNMA 15YR 2.5

                                                                105-02
                                                                  
                                                                +0-03

View Today's Rates

Wednesday May 15, 2013

MND NewsWire - 1:05PM

Purchase Applications Hit 10 Month High

The percentage of loans originated for purchasing homes increased again in April , the third consecutive month they have done so. According Ellie Mae's Origination Insight Report for ...

MND NewsWire - 9:15AM

Foreclosure Bottleneck Artificially Raising Delinquency Rate - Transunion

WIs it possible that the sluggishness of the foreclosure pipeline is actually camouflaging low mortgage delinquency rates ? TransUnion raised the possibility yesterday in a presentation ...

MND NewsWire - 12:49PM

Increased Sense of Urgency Amongst Home Buyers Sends Builder Confidence Higher

Builder confidence has perked up again. After dropping three points in April to 41, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rebounded ...

MND NewsWire - 3:37PM

After 5-Year Pause FHFA Issues Executive Compensation Rule

The Federal Housing Finance Agency ( FHFA ) published an interim final rule in the Federal Register on Tuesday which may mean that the long drawn-out saga over compensation for executives ...

Latest Video

Fisher: Three Stages of the Fed

NAHB May Sentiment Index 44

Fed Feeling 'Fat, Dumb and Happy': Pro

More News from 'Around the Web'

WSJ - 4:17PM
Is Generation Y a Game Changer' for Housing?
Bloomberg - 4:01PM
California Median Home Price Passed $400000 Last Month - Bloomberg
DataQuick - 2:04PM
April Bay Area Home Sale Press Release
WSJ - 2:03PM
Housing Index Posts Record April Jump
CNBC - 1:54PM
Bond 'Death' Cross? Why Yields May Fall Below 1%
Realtor.Org - 12:55PM
New Lawmakers Mean New Challenges on Home Ownership
House Financial Services - 12:54PM
Oversight and Investigations Subcommittee Continues Review of Too Big to Fail'
Google News - 1:56PM
"30 Under 30" Realtors® Embark on New Era of Real Estate
www.aei-ideas.org - 2:00PM
Will the Fed cause a 1994-style bond market selloff?
The Huffington Post - 4:17PM
Owner To Tenants: Pay Mid-Lease Rent Increase, Or Face Eviction In 2 Weeks
www.lpsvcs.com - 10:26AM
LPS' WIT Interfaces With Fannie Mae's Servicing Management Default Underwriter
CNBC - 10:24AM
Home Builder Confidence Tops Forecast in May
Google News - 10:20AM
Short Sale Approval and Valuation Issues Continue to Impact Housing Market
CNBC - 9:24AM
Why Rising Rates are Rattling the Mortgage Market
Bloomberg - 7:45AM
Deutsche Bank Unit Loses Bid to Dismiss Mortgage Suit
CNBC - 7:42AM
Man Who Coined 'Grexit' Says Not Much Has Changed
Bloomberg - 1:57PM
Pimco Attracted Deposits of $52 Billion in First Quarter - Bloomberg
CNBC - 10:21AM
Longer Benefits Keep People Jobless? Maybe Not

Today's Comments

	Pipeline Press - 5:20AM "Debt forgiveness is a fantastic thing for many people, as it means less than the whole of a debt has been compensated though the debt has been satisfied. However, it's considered taxable income and the mistake of a debt forgiveness tax break for foreclosures or short sales of homes is set to bite some..."
	MBS Live Chat - 11:53AM "REPRICE : 11:53 AM - PennyMac Worse..."
	MBS Live Chat - 12:39PM "I was going to say earlier that today's MBS chart was going to end up looking like a staircase........."
	MBS Live Chat - 12:27PM "REPRICE : 12:27 PM - Flagstar Worse..."
	MBS Live Chat - 12:35PM "REPRICE : 12:35 PM - NYCB Worse..."
	MBS Live Chat - 12:36PM "REPRICE : 12:36 PM - Interbank Worse..."
	MBS Live Chat - 12:42PM "REPRICE : 12:42 PM - Everett Financial Worse..."
	MBS Live Chat - 12:42PM "REPRICE : 12:42 PM - Provident Funding Worse..."
	MBS Live Chat - 1:22PM "REPRICE : 1:22 PM - PHH Worse..."
	MBS Live Chat - 1:39PM "REPRICE : 1:39 PM - Wells Fargo Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.68%

+0.01

15 Yr FRM

2.84%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.77%

+0.00

5/1 Yr ARM

3.01%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.78%

0.76

+0.08

30 Yr. Fixed

3.53%

1.11

+0.06

MBA **

30 Yr. Fixed

3.67%

0.41

+0.08

15 Yr. Fixed

2.88%

0.31

+0.07

30 Yr. Jumbo

3.87%

0.25

+0.08

30 Yr. FHA

3.43%

0.16

+0.08

5/1 ARM

2.55%

0.23

+0.02

Freddie Mac **

30 Yr. Fixed

3.42%

0.70

+0.07

15 Yr. Fixed

2.61%

0.70

+0.05

1 Yr. ARM

2.53%

0.40

-0.03

5/1 Yr. ARM

2.58%

0.50

+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

102-20

+0-03

30YR FNMA 3.5

105-06

+0-00

30YR GNMA 3.0

104-03

+0-01

30YR GNMA 3.5

107-06

-0-00

15YR FNMA 3.0

105-02

+0-03

15YR FNMA 2.5

103-17

+0-01

Treasuries

Yield

Change

2 YR

0.2412%

-0.0078

5 YR

0.8330%

-0.0242

10 YR

1.9452%

-0.0331

30 YR

3.1652%

-0.0304

Prices as of: 5/15/2013 4:32PM 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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