Daily Newsletter: Wednesday May 22, 2013

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30 Year Fixed

                                                                3.77%
                                                                  
                                                                +0.09

15 Year Fixed

                                                                2.93%
                                                                  
                                                                +0.09

10YR Treasury

                                                                2.03%
                                                                  
                                                                +0.1035

FNMA 30YR 3.5

                                                                104-22
                                                                  
                                                                -0-20

FNMA 15YR 2.5

                                                                104-16
                                                                  
                                                                -0-17

View Today's Rates

Wednesday May 22, 2013

Mortgage Rate Watch - 6:10PM

Why Did Mortgage Rates Skyrocket Past 2013 Highs Today?

Mortgage rates were utterly destroyed today. Not only did the average rate move above the highest seen in 2013, but rates haven't been this high since May 22nd of 2012! Of course, there ...

MBS Commentary - 12:41PM

MBS MID-DAY: THIS IS WHY YOU WANT MBS LIVE!

MBS Live : MBS Morning Market Summary If you read this commentary with any sort of frequency, you may have noticed a trend of late, where the mid-day recap has been coming out later ...

MND NewsWire - 3:11PM

House Rejects CFPB Testimony on Qualified Mortgage Rule

Members of a House Financial Services subcommittee issued a press release Tuesday afternoon which essentially dismissed testimony heard earlier in the day from two officials of the ...

MND NewsWire - 12:24PM

Despite Tight Credit and Inventories, Existing Home Sales and Prices Continue Recovery

Existing home sales remain constrained by limited inventory and tight credit but still managed to eke out a small increase in April the National Association of Realtors® (NAR) said ...

Latest Video

Fed Minutes: Progress Needed Before Slowing QE Pace

Rep. Sanchez Has Housing Worries

More Homes for Sale

More News from 'Around the Web'

WSJ - 5:15PM
Volcker: Multiple Bank Regulators Is Recipe for Getting Nothing Done'
Bloomberg - 3:53PM
Fisher Says Fed Can Begin to Slow Mortgage Security Purchases
Federal Reserve - 2:56PM
Fed: Minutes of the Federal Open Market Committee
NAHB - 2:54PM
NAHB Applauds Sens. Menendez and Isakson for Legislation to Spur Construction Lending
CNBC - 12:57PM
Homes Selling at Fastest Pace Since Boom
CNBC - 11:15AM
Home Sales Rise as Inventories Jump
Bloomberg - 9:44AM
Stonegate Raises $115 Million to Fund Jumbo Mortgage Expansion - Bloomberg
www.lpsvcs.com - 9:44AM
LPS' "First Look" Mortgage Report
Reuters - 8:40AM
Toll Brothers profit rises 46 percent
Bloomberg - 8:40AM
Dudley Says Decision on Taper Will Require Three to Four Months
www.csbs.org - 5:12PM
New CSBS Chairman Outlines Priorities

Today's Comments

	MBS Live Chat - 10:59AM "REPRICE : 10:59 AM - Flagstar Worse..."
	MBS Live Chat - 11:04AM "REPRICE : 11:04 AM - Franklin American Worse..."
	MBS Live Chat - 11:36AM "REPRICE : 11:36 AM - Chase Worse..."
	MBS Live Chat - 12:21PM "REPRICE : 12:21 PM - Caliber Funding Worse..."
	MBS Live Chat - 2:51PM "3.875 has a borrower cost of .25% currently. Ohhh boy, fun times ahead...."
	MBS Live Chat - 4:17PM "REPRICE : 4:17 PM - Wells Fargo Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.77%

+0.09

15 Yr FRM

2.93%

+0.09

FHA 30 Year Fixed

3.32%

+0.07

Jumbo 30 Year Fixed

3.88%

+0.10

5/1 Yr ARM

3.06%

+0.04

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

3.51%

0.70

+0.09

15 Yr. Fixed

2.69%

0.70

+0.08

1 Yr. ARM

2.55%

0.40

+0.02

5/1 Yr. ARM

2.62%

0.50

+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

101-23

-1-00

30YR FNMA 3.5

104-22

-0-20

30YR GNMA 3.0

103-01

-1-03

30YR GNMA 3.5

106-17

-0-21

15YR FNMA 3.0

104-16

-0-17

15YR FNMA 2.5

102-26

-0-23

Treasuries

Yield

Change

2 YR

0.2504%

+0.0124

5 YR

0.8957%

+0.0783

10 YR

2.0333%

+0.1035

30 YR

3.2161%

+0.0844

Prices as of: 5/22/2013 4:31PM 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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