Daily Newsletter: Tuesday February 25, 2014

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30 Year Fixed

                                                                4.41%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                3.45%
                                                                  
                                                                -0.05

10YR Treasury

                                                                2.71%
                                                                  
                                                                -0.0413

FNMA 30YR 3.5

                                                                101-05
                                                                  
                                                                +0-13

FNMA 15YR 2.5

                                                                103-08
                                                                  
                                                                +0-09

View Today's Rates

Tuesday February 25, 2014

Mortgage Rate Watch - 4:28PM

Mortgage Rates Improve Significantly After Playing Defense

Mortgage rates fell noticeably today, after being pushed up against the highest levels in nearly a month yesterday. In that sense, the positivity in the underlying markets allowed rates ...

MND NewsWire - 11:40AM

Two Quarterly Price Reports, Two Conclusions

The S&P Case-Shiller National home price index and the Federal Housing Finance Agency's Home Price Index (HPI), both issued on Tuesday, diverged sharply on the direction of home ...

MND NewsWire - 1:18PM

Average Home is 300 sq ft Bigger Since 2009

The growth in the average size of a new home paused briefly at the beginning of the recession as Americans retrenched in a lot of ways, but times have changed. According to Census Bureau ...

MND NewsWire - 10:27AM

Florida Cities Dominate List of Price Increases

Black Knight Financial Services (formerly Lender Processing Services) reports that home values in the U.S. as of December had recovered to within 13.9 percent of the peak reached in ...

Latest Video

Housing at critical juncture: Strategist

Fed won't raise rates until 2015: Pro

JPMorgan getting smaller

More News from 'Around the Web'

The Atlantic - 4:04PM
America's Weird, Enduring Love Affair With Cars and Houses
www.justice.gov - 4:04PM
Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions
Bloomberg - 2:55PM
Nifty Housing Collapse Slideshow: Bubble to Bust to Recovery
WSJ - 2:53PM
Demand for Foreclosed Homes Eased Last Quarter, Fannie Mae Says
Reuters - 2:52PM
U.S. fair housing group files complaint against Deutsche Bank
House Financial Services - 2:15PM
Financial Services Subcommittee Investigation Leads to Federal Probe of HUD
www.freddiemac.com - 1:12PM
Upcoming Loan Prospector Enhancements to Align with Recent Guide Requirement Changes
Bloomberg - 1:12PM
Toll Falls on Lower Home Orders, Reduced Sales Forecast - Bloomberg
WSJ - 11:59AM
Bernanke Makes It Official: He's Writing a Book
WSJ - 11:59AM
America's Hottest Housing Market Has Suddenly Cooled Down
CNBC - 11:54AM
CEOs are bucking housing's bad numbers
www.npr.org - 10:32AM
After 'Best Year Since 2005,' Housing Sector Likely To Slow
Market Watch - 10:32AM
Home Depot CFO lauds Wells Fargo's loosening move
CNBC - 10:29AM
Consumer confidence hits 78.1 in Feb.
freddiemac.mwnewsroom.com - 9:47AM
Freddie Mac Issues Monthly Volume Summary for January 2014
CNBC - 9:46AM
U.S. stocks open little changed ahead of confidence report
S&P/Case Shiller - 9:46AM
Home Prices Lose Momentum According to the S&P/Case-Shiller Home Price Indices
blog.redfin.com - 9:46AM
83 Percent of California Homes Unaffordable on a Teacher's Salary
Market Watch - 9:46AM
Treasurys hold gains after Case-Shiller index
WSJ - 8:40AM
Grand Central: Fed Debates Whether to Use Interest Rates to Fight Bubbles

Today's Comments

	MBS Live Chat - 1:07PM "are No Closing Cost refinances prevalent in NY?..."
	MBS Live Chat - 1:07PM "are lenders crediting the mortgage tax..."
	MBS Live Chat - 1:16PM "I think costs overall in NY are too high to do a no cost loan, possibly FHA but not Conv..."
	MBS Live Chat - 1:17PM "locally there is a alos an attorney fee between 750-1000..."
	MBS Live Chat - 1:17PM "hard to absorb that, title, mtg tax and bank fee...."
	MBS Live Chat - 1:19PM "Agreed, hard to cover all, but can absorb a lot of the costs given the rebates at higher rates. NYC mortgage tax is hard to cover; other counties are much lower mortgage tax...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.41%

-0.08

15 Yr FRM

3.45%

-0.05

FHA 30 Year Fixed

4.00%

-0.25

Jumbo 30 Year Fixed

4.30%

-0.05

5/1 Yr ARM

3.22%

-0.03

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

96-30

+0-15

30YR FNMA 3.5

101-05

+0-13

30YR GNMA 3.0

98-25

+0-13

30YR GNMA 3.5

102-20

+0-12

15YR FNMA 3.0

103-08

+0-09

15YR FNMA 2.5

100-08

+0-10

Treasuries

Yield

Change

2 YR

0.3180%

-0.0082

5 YR

1.5131%

-0.0347

10 YR

2.7050%

-0.0413

30 YR

3.6603%

-0.0445

Prices as of: 2/25/2014 4:30PM 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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