Daily Newsletter: Thursday February 27, 2014

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30 Year Fixed

                                                                4.35%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.39%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.65%
                                                                  
                                                                -0.0179

FNMA 30YR 3.5

                                                                101-15
                                                                  
                                                                +0-04

FNMA 15YR 2.5

                                                                103-18
                                                                  
                                                                +0-04

View Today's Rates

Thursday February 27, 2014

MND NewsWire - 12:59PM

Taxpayer Profit Surpasses $10 Billion on Freddie Mac Earnings

Freddie Mac posted its ninth consecutive quarter of positive net and comprehensive income on Thursday as well as a substantial profit for Fiscal 2013. The company reported net income ...

Pipeline Press - 10:59AM

Wells Layoffs; Groups React to Tax Changes; Chatter About "Subprime" Loans is Misleading

Hope springs eternal, right? As the residential lending industry wraps up a couple rough months tomorrow, everyone is hoping for a more robust March and April. They are basing this ...

Mortgage Rate Watch - 5:26PM

Mortgage Rates Continue to New 2-Week Lows

Mortgage rates gained even more ground today, and are now getting close to early February's levels, which were the lowest since November. Much of the positivity may owe itself to temporary ...

MND NewsWire - 2:33PM

Builder Confidence in Multifamily Market Slips even as Vacancies Decline

Builders and developers engaged in the multi-family market grew a little less confident in that market during the fourth quarter of last year. The Multifamily Production Index (MPI ...

Latest Video

Yellen: No intention of selling mortgage-backed securities

Fed Chair Yellen: Mortgage backed securities less liquid than Treasurys

Anticipate ending taper next Fall: Janet Yellen

More News from 'Around the Web'

WSJ - 3:17PM
5 Things Janet Yellen Said That Distance Her From Others' Views
Federal Reserve - 3:17PM
2014-16: Using Data on Seller Behavior to Forecast Short-run House Price Changes
Market Watch - 1:14PM
Treasurys hold gains after above-average auction
Washington Post - 1:11PM
Here's the most important thing Janet Yellen said today
National Housing Conference - 11:27AM
NHC members tackle energy efficiency in housing
freddiemac.mwnewsroom.com - 11:07AM
Freddie Mac: Fixed Mortgage Rates Continue Gradual Climb Higher
Washington Post - 11:07AM
Bernanke set to relive his worst day ever
CNBC - 11:06AM
Hard to tell how much weather played a role in recent economic weakness: Fed Chair Yellen
www.census.gov - 11:06AM
2013 Housing Vacancy Survey Annual Statistics
S&P/Case Shiller - 9:38AM
Buy-to-Rent Drops to Lowest Level Since March 2012
blog.redfin.com - 9:38AM
39% of Buyers Prefer to Rent Out Their Last Home Rather Than Sell
WSJ - 9:29AM
Fed's Yellen Faces Senators, Likely to Stay on Message
CNBC - 9:28AM
US jobless jump, durables paint mixed picture
Market Watch - 9:28AM
Ocwen earnings rise 60%
Bloomberg - 9:27AM
Freddie Mac to Pay Treasury $10.4 Billion on Quarterly Profit - Bloomberg
www.americanprogress.org - 9:26AM
When Wall Street Buys Main Street
freddiemac.mwnewsroom.com - 9:22AM
Freddie Mac Reports Fourth Quarter and Full-Year 2013 Financial Results
www.npr.org - 8:10AM
Overhaul Of A FEMA Program Has Homeowners Calling Congress

Today's Comments

	MBS Live Chat - 1:13PM "I have a client that is closing today on a house. How long did I have to wait for a cash out refi. I thought it use to be 6mos. Thanks..."
	MBS Live Chat - 1:15PM "Buying the house all cash today no appraisal..."
	MBS Live Chat - 1:18PM "Vince, FNAM will be 6 months to take cash out. value will be based upon appraisal as long as the increasae (if any) is justified...."
	MBS Live Chat - 1:21PM "check delayed financing exception. he paid cash..."
	MBS Live Chat - 1:21PM "http://mndne.ws/1kp8B8f..."
	MBS Live Chat - 1:30PM "Vince if you can go thru PennyMac they have a Delayed Financing Exception for cash out sooner than 6 mos...."
	MBS Live Chat - 1:45PM "What has to be done to qualify for the exception?..."
	MBS Live Chat - 1:51PM "Original Transaction must be ARM's Length documented by HUD1 confirming no financing on original deal. Must source original purchase funds and new loan amount can exceed actual documented amount of borrower's initial investment plus financing closing costs. Treated as Cash Out Refi. Original funds to..."
	MBS Live Chat - 1:54PM "I believe Chase, Flagstar, and Greentree will do these, in addition to Penny Mac as mentioned before...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.35%

-0.03

15 Yr FRM

3.39%

-0.02

FHA 30 Year Fixed

3.75%

-0.25

Jumbo 30 Year Fixed

4.22%

-0.02

5/1 Yr ARM

3.23%

-0.01

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

4.53%

0.31

+0.03

15 Yr. Fixed

3.56%

0.28

+0.01

30 Yr. Jumbo

4.47%

0.13

+0.02

30 Yr. FHA

4.17%

0.20

+0.01

5/1 ARM

3.17%

0.31

-0.03

Freddie Mac **

30 Yr. Fixed

4.37%

0.70

+0.04

15 Yr. Fixed

3.39%

0.70

+0.04

1 Yr. ARM

2.52%

0.40

-0.05

5/1 Yr. ARM

3.05%

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

97-08

+0-05

30YR FNMA 3.5

101-15

+0-04

30YR GNMA 3.0

99-04

+0-05

30YR GNMA 3.5

102-30

+0-03

15YR FNMA 3.0

103-18

+0-04

15YR FNMA 2.5

100-19

+0-05

Treasuries

Yield

Change

2 YR

0.3245%

-0.0039

5 YR

1.4870%

+0.0102

10 YR

2.6459%

-0.0179

30 YR

3.5958%

-0.0300

Prices as of: 2/27/2014 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.

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