Daily Newsletter: Wednesday March 12, 2014

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30 Year Fixed

                                                                4.47%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.48%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.73%
                                                                  
                                                                -0.0434

FNMA 30YR 3.5

                                                                100-24
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                103-02
                                                                  
                                                                -0-01

View Today's Rates

Wednesday March 12, 2014

MND NewsWire - 1:23PM

Home Prices Actually Undervalued Based on Incomes -CoreLogic

In an article that appeared recently in CoreLogic's blog, Popping the Housing Bubbly Theory, CoreLogic's Chief Economist Dr. Mark Fleming presents a different take on current home prices ...

Mortgage Rate Watch - 3:36PM

Mortgage Rates Continue Lower, Erasing Friday's Losses

Mortgage rates moved lower at their best pace of the week today , undoing the damage from last Friday's Employment Situation report, and about a third of the week's total losses. Whereas ...

MND NewsWire - 8:53AM

Rising Rates Sap Mortgage Application Activity

The strong uptick in mortgage applications during the week ended February 28 faded quickly and the Mortgage Bankers Association (MBA) said today that application volume has resumed ...

Pipeline Press - 10:37AM

New Correspondent Lender; Citi Changes Pricing Model; Does the Latest Fannie & Freddie Plan Mean Anything?

Problems can be created by differences in education, nationality, or age. For example, the ICBA reports 90% of community bankers say their average customer is between the ages of 41 ...

Latest Video

Sen. Warner: Fannie, Freddie proposal will pass Congress

The great debate: stocks vs. bonds

Investors plan for a correction

More News from 'Around the Web'

Calculated Risk Blog - 4:28PM
Lawler: Early Read on Existing Home Sales in February
The Big Picture - 4:20PM
The Latest Dumb Proposal on Fannie & Freddie
Bloomberg - 4:11PM
Senate's Fannie Mae Wind-Down Plan Faces High Political Hurdles - Bloomberg
www.aei.org - 3:21PM
Johnson and Crapo plan will not protect taxpayers
www.cfpbmonitor.com - 3:20PM
CFPB debt collection survey: money misspent?
DataQuick - 2:53PM
February SoCal Home Sale Press Release
Washington Post - 2:34PM
What you need to know about the Federal Reserve's new cast members
Reuters - 1:54PM
Fed nominees Fischer and Brainard stress jobs, financial stability
CRL - 1:53PM
Fannie Mae, Freddie Mac Reform Must Serve the Whole Market
Google News - 1:53PM
Sens. Johnson, Crapo On The Right Track to Housing Reform
Bloomberg - 12:39PM
Mortgage Investors to Send Letters on Ocwen 'Servicing Abuses' - Bloomberg
Reuters - 11:31AM
Fed seen hiking U.S. rates in second half of 2015 as jobless rate falls
Market Watch - 11:30AM
Bond Report: Treasurys rise on global economic fears
CNBC - 10:38AM
Can't increase prices 'fast enough': Mohawk CEO
Market Watch - 10:03AM
Fannie, Freddie common shares extend plunge
CNBC - 10:03AM
After Fannie and Freddie - who's next?
Bloomberg - 9:35AM
Fed Inflation Goal Is Elusive as U.S. Rents Stabilize
CNBC - 8:49AM
As rates rise, mortgage apps slip
CNBC - 8:45AM
Wall Street hit by China, Ukraine concerns
CNBC - 12:00AM
Pimco Total Return cuts mortgage

Today's Comments

MBS Live Chat - 3:36PM

"That's what I was thinking but just wanted to check every angle. Thanks for the help MND!..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.47%

-0.03

15 Yr FRM

3.48%

-0.03

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.31%

-0.04

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

4.47%

0.28

-0.06

15 Yr. Fixed

3.52%

0.18

-0.04

30 Yr. Jumbo

4.37%

0.20

-0.10

30 Yr. FHA

4.13%

0.13

-0.04

5/1 ARM

3.09%

0.38

-0.08

Freddie Mac **

30 Yr. Fixed

4.28%

0.70

-0.09

15 Yr. Fixed

3.32%

0.60

-0.07

1 Yr. ARM

2.52%

0.30

+0.00

5/1 Yr. ARM

3.03%

0.40

-0.02

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

96-18

+0-06

30YR FNMA 3.5

100-24

+0-01

30YR GNMA 3.0

98-11

+0-00

30YR GNMA 3.5

102-05

-0-02

15YR FNMA 3.0

103-02

-0-01

15YR FNMA 2.5

100-01

-0-01

Treasuries

Yield

Change

2 YR

0.3659%

-0.0078

5 YR

1.5870%

-0.0296

10 YR

2.7264%

-0.0434

30 YR

3.6681%

-0.0393

Prices as of: 3/12/2014 4:28PM 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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