Daily Newsletter: Wednesday March 19, 2014

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30 Year Fixed

                                                                4.53%
                                                                  
                                                                +0.10

15 Year Fixed

                                                                3.52%
                                                                  
                                                                +0.07

10YR Treasury

                                                                2.77%
                                                                  
                                                                +0.1012

FNMA 30YR 3.5

                                                                100-08
                                                                  
                                                                -0-24

FNMA 15YR 2.5

                                                                102-19
                                                                  
                                                                -0-19

View Today's Rates

Wednesday March 19, 2014

Mortgage Rate Watch - 5:18PM

Mortgage Rates Higher at Year's Fastest Pace After Fed Forecast Surprise

Mortgage rates shot higher today at their fastest pace of the year today after Fed forecasts suggested members saw the Fed Funds Rate rising sooner and by more than expected. To be ...

MBS Commentary - 4:59PM

MBS RECAP: Fed Forecasts Blindside Markets; Yellen Rips Bandaid Off

As expected, today's FOMC Announcement was every bit the snoozer it should have been. We knew qualitative guidance was likely to replace the unemployment threshold and that tapering ...

MND NewsWire - 1:59PM

Lenders Reach Farther Out Credit Spectrum to Fill Capacity

Among closed loans in February, the share of refinances fell to 43 percent from 47 percent in January, and from 68 percent in February 2013, according to to Ellie Mae's Origination ...

MBS Commentary - 2:06PM

Differences Between Past and Current FOMC Statements

Underline indicates additional text in today's announcement, strikethru indicates deleted text that was no longer present. Release Date: January 29, March 19, 2014 For immediate release ...

Latest Video

Yellen 'spooked' market with 6-month gap

Santelli: Treasury yields spike post-Fed

Housing's big pop is out: Blackstone CEO

More News from 'Around the Web'

www.npr.org - 4:36PM
In First Press Conference, New Fed Chair Goes Vague
House Financial Services - 4:29PM
CFPB Should Let the Sunshine In to their Closed-Door Meetings
WSJ - 4:21PM
Yellen Suggests Roughly 6 Month Gap Before Rate Increases After QE Ends
www.cfpbmonitor.com - 3:48PM
Hensarling calls on CFPB to open advisory group meetings
CNBC - 3:05PM
Yep, Fed's now doing 'qualitative easing': Insana
NY Fed - 2:43PM
Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities
Reuters - 2:15PM
Fed poised to trim bond buying, rewrite rates guidance
Market Watch - 2:15PM
Treasurys fall, yields surge on Fed rate view
The Huffington Post - 12:39PM
10 Things to Consider Before Making an Offer On a Home
CNBC - 12:05PM
Hoping for a spring real estate thaw
Bloomberg - 10:58AM
KB Home Rises Most in a Year as Profit Beats Estimates
CNBC - 10:33AM
Homebuyers eager for spring real estate price thaw
Market Watch - 10:16AM
Big banks gang up to squash tiny tax
WSJ - 9:28AM
For Yellen, a Little Advice From Her Husband
news.google.com - 9:20AM
Fed Likely to Signal Real Rates Will Stay Negative for Years
Reuters - 9:18AM
U.S. current account gap hits 14-year low in fourth quarter
CNBC - 9:10AM
Housing loses 'big pop': Blackstone's Schwarzman
Market Watch - 8:46AM
KB Home swings to profit in first quarter
www.aia.org - 8:32AM
Architecture Billings Index Shows Slight Improvement
www.easyir.com - 8:32AM
What Gets Paid First? TransUnion Study Finds Consumers in Most Markets Revert to Paying Mortgages Ahead of Credit Cards

Today's Comments

	MBS Live Chat - 3:13PM "This seems like an over-exaggerated sell-off for more of the same from the Fed...."
	MBS Live Chat - 3:14PM "They said the same thing last month with little or no reaction...."
	MBS Live Chat - 3:14PM "QE ends late this year, about 6 months later the rate increases begin. We're near 1% by yr end. That's what I'm hearing...."
	MBS Live Chat - 3:14PM "the nosedive started at 3pm for stocks, not sure why..."
	MBS Live Chat - 3:17PM "Sung, it was the "considerable period" clarification. Comment lines up with spike in stocks...."
	MBS Live Chat - 3:19PM "Can any shed light on why we are slipping further after hitting the floor and getting a small bounce a ill bit ago?..."
	MBS Live Chat - 3:20PM "Brian, I think the biggest revelation for today is the realization of a potentially accelerated time frame on the initial rate hike...."
	MBS Live Chat - 3:20PM "seriously bond traders? This statement/action was such a surprise that you go into panic mode? I must be missing something...."
	MBS Live Chat - 3:21PM "i still think this is why people are freaked, just as MG said, the acceleration of FF increase..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.53%

+0.10

15 Yr FRM

3.52%

+0.07

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.30%

+0.05

5/1 Yr ARM

3.21%

-0.04

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

4.52%

0.29

+0.05

15 Yr. Fixed

3.53%

0.28

+0.01

30 Yr. Jumbo

4.41%

0.20

+0.04

30 Yr. FHA

4.18%

0.21

+0.05

5/1 ARM

3.18%

0.36

+0.09

Freddie Mac **

30 Yr. Fixed

4.37%

0.60

+0.09

15 Yr. Fixed

3.38%

0.60

+0.06

1 Yr. ARM

2.48%

0.40

-0.04

5/1 Yr. ARM

3.09%

0.40

+0.06

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

96-01

-0-24

30YR FNMA 3.5

100-08

-0-24

30YR GNMA 3.0

97-29

-0-23

30YR GNMA 3.5

101-21

-0-24

15YR FNMA 3.0

102-19

-0-19

15YR FNMA 2.5

99-22

-0-20

Treasuries

Yield

Change

2 YR

0.4235%

+0.0769

5 YR

1.7084%

+0.1640

10 YR

2.7716%

+0.1012

30 YR

3.6516%

+0.0422

Prices as of: 3/19/2014 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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