Daily Newsletter: Tuesday March 4, 2014

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30 Year Fixed

                                                                4.42%
                                                                  
                                                                +0.09

15 Year Fixed

                                                                3.43%
                                                                  
                                                                +0.06

10YR Treasury

                                                                2.70%
                                                                  
                                                                +0.1001

FNMA 30YR 3.5

                                                                100-32
                                                                  
                                                                -0-22

FNMA 15YR 2.5

                                                                103-11
                                                                  
                                                                -0-11

View Today's Rates

Tuesday March 4, 2014

MND NewsWire - 12:04PM

Home Prices Avoid Polar Vortex; Strongest Gains Since 2006

Home prices, including sales of distressed homes, increased nationally by 12 percent in the 12 months ended in January CoreLogic said today. This was the 23 rd consecutive month in ...

MND NewsWire - 11:42AM

Troubling Trends in Housing Market -Black Knight

Mortgage originations in January were at the lowest level in 6 years 2008 Black Knight Financial Services said today and data on prepayment speeds and the remaining universe of "refinancible ...

MND NewsWire - 4:14PM

FHA Fund Doesn't Need Treasury Draw After All; Groups Call For Fee Reduction

The Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund will have a positive capital reserve balance at the end of Fiscal 2014 estimated at $7.8 billion and will not ...

Mortgage Rate Watch - 4:49PM

Mortgage Rates Sharply Higher, Erasing Last Week's Improvement

Mortgage rates were sharply higher today, as concern over geopolitical tension in Ukraine turned a corner. After a surprisingly strong end to February and strong start to March, mortgage ...

Latest Video

Cashin says: Weather excuse won't work forever

Santelli Exchange: Where is the 10-year headed?

Markets react to Putin comments

More News from 'Around the Web'

Reuters - 5:09PM
White House says housing agency won't need Treasury aid
The Huffington Post - 5:09PM
Builder Financing May Be Troublesome
www.gallup.com - 3:39PM
Having Children Major Driver of Spending Patterns in U.S.
The Big Picture - 3:38PM
Income Distribution Like You Have Never Seen It
Bloomberg - 2:37PM
Dearest Seller: Your Home Is Like a Red, Red Rose - Bloomberg
Reuters - 12:50PM
White House wants $1 billion put in affordable housing fund
www.cfpbmonitor.com - 12:47PM
Credit reporting remains a CFPB top priority
CNBC - 12:24PM
Austin homeowners cash in big during crowded SXSW
SIFMA - 11:27AM
SIFMA: Holes in the Volcker Rule
www.gallup.com - 10:40AM
Economic Confidence Unchanged in February
blog.redfin.com - 10:40AM
Beware the Walking Closet': Mistakes in Home Listings Bother Buyers
WSJ - 10:39AM
Can Listing Be Used to Predict Home Prices?
Bloomberg - 10:35AM
Gross Says Central Banks Must Sway Investors for Assets to Rise - Bloomberg
CNBC - 10:12AM
US stocks rise at the start as Ukraine fears ease
CNBC - 9:24AM
Bernanke: Fed could have done more
The Huffington Post - 8:40AM
Wall Street Has Found Its Latest Dangerous Financial Product, Activists Warn
Market Watch - 8:38AM
David Weidner's Writing on the Wall: Uncle Sam buying mortgages? Who knew?

Today's Comments

	MBS Live Chat - 8:56AM "Or as you say MG is the market using the troop pullback as a convenient excuse to do something they already might have done which is to get back to the middle ground of 2.70 we have hovered around before employment numbers are released...."
	MBS Live Chat - 8:57AM "I think that's the highest probability conclusion..."
	MBS Live Chat - 10:29AM "hindsight, yesterday was day to lock, but pricing isn't much worse this morning..."
	MBS Live Chat - 12:46PM "Did everyone see the new VA circular? They are messing with VA max loan amounts in some areas..."
	MBS Live Chat - 12:46PM "http://www.benefits.va.gov/HOMELOANS/circulars/26_14_6.pdf..."
	MND NewsWire - 4:46PM "Interesting that FHA is asking for the authority to add an administrative fee to their loans, despite (apparently) being solvent. Guess they need the funds to ensure borrowers aren't overcharged by lenders. OK for HUD to raise borrowers costs though, that's an entirely different matter...."
	MBS Live Chat - 2:59PM "Russia hold 138B in US debt, and threatened to dump it if sanctions follow. That's what I think is driving the selloff...."
	MBS Live Chat - 3:07PM "a country with the financial clout of Russia threatening to sell every last dollar they hold of US debt is like the state of North Dakota vowing to never use Google as a search engine in order to punish Google for something or other...."
	MBS Live Chat - 3:08PM "well said mg..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.42%

+0.09

15 Yr FRM

3.43%

+0.06

FHA 30 Year Fixed

4.00%

+0.25

Jumbo 30 Year Fixed

4.28%

+0.08

5/1 Yr ARM

3.23%

-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

4.53%

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

96-22

-0-26

30YR FNMA 3.5

100-32

-0-22

30YR GNMA 3.0

98-18

-0-26

30YR GNMA 3.5

102-14

-0-23

15YR FNMA 3.0

103-11

-0-11

15YR FNMA 2.5

100-11

-0-13

Treasuries

Yield

Change

2 YR

0.3369%

+0.0317

5 YR

1.5408%

+0.0832

10 YR

2.7031%

+0.1001

30 YR

3.6508%

+0.0957

Prices as of: 3/4/2014 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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