Daily Newsletter: Monday February 24, 2014

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                4.49%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.50%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.75%
                                                                  
                                                                +0.0144

FNMA 30YR 3.5

                                                                100-24
                                                                  
                                                                0-00

FNMA 15YR 2.5

                                                                102-31
                                                                  
                                                                0-00

View Today's Rates

Monday February 24, 2014

Mortgage Rate Watch - 4:53PM

Mortgage Rates Unchanged to Start New Week

Mortgage rates moved sideways today, reflecting the ongoing indecision in the bond markets that underlie day-to-day rate movements. The mortgage-backed-securities (MBS) that most directly ...

MND NewsWire - 4:52PM

CFPB Fines Lender for Fee Splitting

A Connecticut lender has been fined $83,000 by the Consumer Financial Protection Bureau (CFPB) for violating Real Estate Settlement Procedures Act (RESPA) rules. 1 st Alliance Lending ...

Pipeline Press - 10:32AM

More on LO Licensing; Fannie's Numbers Reflect Trends, but do They Review Files?

Loans have become harder to do, and underwriters that I have spoken to keep telling me that every deal is different. How many scenarios are there? Probably not as many as there are ...

MBS Commentary - 8:00AM

MBS Week Ahead: Some of This Week's Events Might Actually Matter

Frustration and confusion are ongoing themes for bond markets at the moment. The most visible antagonist in that regard is the "weather effect," whereby a harsher than average winter ...

Latest Video

Santelli's old touch rule on yields

Santelli: Unanswered buying of stocks

Economic look from Q4 to Q1

More News from 'Around the Web'

www.lpsvcs.com - 5:21PM
Black Knight Home Price Index Report: December 2013 Transactions
blog.redfin.com - 4:09PM
Tax Implications of Buying and Selling a Home
www.cfpbmonitor.com - 4:07PM
CFPB supervision of student loan servicers to begin March 1
CNBC - 4:07PM
US hotel construction in boom phase
www.nytimes.com - 2:46PM
Sketch Guy: Why a Fed Governor Bought a Home When He Knew the Market Was Teetering
CNBC - 1:34PM
It's not the weather, stupid, it's the economy!
Market Watch - 11:58AM
Fed's Fisher backs $10 billion taper per meeting
Washington Post - 11:58AM
Poll: Economists have no idea if Obamacare is going to hurt the economy
CNBC - 10:34AM
US stocks start higher, with S&P 500 not far from record
Google News - 10:34AM
Commercial Real Estate Outlook Positive but Moderating
blog.redfin.com - 9:44AM
Higher Education or a House: Can Young Americans Have Both?
www.ourbroker.com - 9:44AM
Subprime Mortgages: 50 Shades of Risk
news.google.com - 9:31AM
The Morning Ledger: Housing Faces More Chills Before Thaw - Wall Street Journal (blog)
Market Watch - 9:27AM
Is Wells Fargo getting back into subprime mortgages?
CNBC - 8:14AM
Here's why consumers are leaving big banks

Today's Comments

	MBS Live Chat - 1:51PM "from my understanding, the conv 97% went away...is that correct?..."
	MBS Live Chat - 2:44PM "Someone earlier asked about 97s ... Actually, Fannie Mae gives HFAs a variance to 97/105 under its HFA Preferred product set. Loan must be funded by or sold to an HFA ......"
	MBS Live Chat - 2:29PM "The one thing I must say about the difference between the classes- We all know two things. 1. Interest only Arms were predatory loans that took advantage of lower income borrowers...."
	MBS Live Chat - 2:30PM "2. The vast majority of the interest only Arms are now Jumbo loans. (And relatively common IMO)...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.49%

+0.00

15 Yr FRM

3.50%

+0.00

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.35%

-0.01

5/1 Yr ARM

3.25%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.61%

1.06

-0.10

30 Yr. Fixed

4.48%

1.36

-0.10

MBA **

30 Yr. Fixed

4.50%

0.26

+0.05

15 Yr. Fixed

3.55%

0.33

+0.06

30 Yr. Jumbo

4.45%

0.11

+0.05

30 Yr. FHA

4.16%

0.14

+0.03

5/1 ARM

3.20%

0.38

+0.09

Freddie Mac **

30 Yr. Fixed

4.33%

0.70

+0.05

15 Yr. Fixed

3.35%

0.70

+0.02

1 Yr. ARM

2.57%

0.30

+0.02

5/1 Yr. ARM

3.08%

0.50

+0.03

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

96-15

-0-01

30YR FNMA 3.5

100-24

0-00

30YR GNMA 3.0

98-12

0-00

30YR GNMA 3.5

102-08

0-00

15YR FNMA 3.0

102-31

0-00

15YR FNMA 2.5

99-30

-0-00

Treasuries

Yield

Change

2 YR

0.3262%

+0.0080

5 YR

1.5478%

+0.0149

10 YR

2.7463%

+0.0144

30 YR

3.7048%

+0.0105

Prices as of: 2/24/2014 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.

View this Report in your Web Browser | Forward to a Friend | Subscribe