Daily Newsletter: Wednesday April 2, 2014

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30 Year Fixed

                                                                4.56%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.54%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.80%
                                                                  
                                                                +0.0474

FNMA 30YR 3.5

                                                                100-05
                                                                  
                                                                -0-09

FNMA 15YR 2.5

                                                                102-17
                                                                  
                                                                -0-06

View Today's Rates

Wednesday April 2, 2014

Mortgage Rate Watch - 3:14PM

Mortgage Rates Continue Higher as Jobs Report Approaches

Mortgage rates moved higher again today, this time taking them definitively past any of the recent highs in March. In fact, to find rate sheets in any worse shape on average, you'd ...

MND NewsWire - 1:51PM

Loan Modifications Stay Steady as Short Sales Dry Up

The government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac continued active foreclosure prevention activities in the fourth quarter of 2013, completing just shy of 100,000 ...

MND NewsWire - 10:55AM

Vacation Home Sales Pick up Slack as Investments Wane

Vacation home purchases recovered strongly in 2013, helping to offset some of the inevitable flagging interest in investment purchases the National Association of Realtors® (NAR ...

Pipeline Press - 9:50AM

Implications of Ellie Mae Outage; Mortgage Applications Continue to Drop; What is "Gain on Sale"?

Friday we'll have the employment data, or unemployment data, depending on how you'd like to look at it. Cynics in residential lending and other heavily regulated industries think that ...

Latest Video

Weather no longer an excuse

Millionaires ignite real estate bidding war

Santelli: High yield train has left the station

More News from 'Around the Web'

WSJ - 3:38PM
Some Americans Paid Off Credit Cards While Waiting for Foreclosure
WSJ - 3:38PM
Construction Is Muted Because Too Many Buildings Went Up During the Boom
Bloomberg - 3:01PM
Carry Trade Still Works Post-Fed QE, HSBC to Deutsche Bank Say - Bloomberg
CNBC - 2:59PM
Front running; CNBC Explains
CNBC - 2:59PM
Cashin: How traders are betting on the jobs number
House Financial Services - 2:50PM
CFPB Director Cordray to Whistleblower: "Tell Your Attorneys to Back Down"
Bloomberg - 1:06PM
Rental-Bond Investors Said to Seek Higher Yields in Colony Deal - Bloomberg
freddiemac.mwnewsroom.com - 1:03PM
Freddie Mac Prices Second STACR Credit Risk Sharing Transaction of 2014
FHFA - 11:49AM
Fannie Mae and Freddie Mac Foreclosure Prevention Actions Top 3.1 Million
Reuters - 10:21AM
U.S. factory orders surge in February
CNN - 10:03AM
What's next for housing in your town
CNN - 10:03AM
Dreary outlook for formerly hot housing markets
CNN - 9:35AM
Housing heats up in booming growth cities
Market Watch - 8:55AM
Treasurys extend fall after ADP payrolls report
CNBC - 8:53AM
US economy generated 191K jobs last month: ADP
Reuters - 8:14AM
U.S. mortgage applications fell last week: MBA
Washington Post - 8:13AM
Think tank: Congress, you fix the economy
CNBC - 8:11AM
US bond markets await ADP employment report

Today's Comments

	MBS Live Chat - 12:10PM "Has anyone encountered problems with cash deposits, and overcome them? I have an Old School customer that has a cash arrangement with his tenant and it's steering a new purchase deal unto the rocks. Any advise would be greatly appreciated...."
	MBS Live Chat - 12:11PM "as in, he pays rent in cash, or as in, he collects rent in cash and doesn't report on sched E..."
	MBS Live Chat - 12:11PM "The information will be reported on Sch E (bought house in May)..."
	MBS Live Chat - 12:12PM "get a copy of the lease and a letter of explanation if the cash deposits are rent..."
	MBS Live Chat - 12:14PM "One time repairs or improvements can be excluded from Sch E expense, provided you have documentation that substantiates...."
	MBS Live Chat - 1:01PM "RTRS - FED'S LOCKHART SAYS FIRST RATE HIKE LIKELY IN SECOND HALF OF 2015..."
	MBS Live Chat - 1:19PM "Okay so Bullard says early 2015 and Lockhart says later 2015. Glad we're clear on that...."
	MBS Live Chat - 1:24PM "Bullard is like the Fed's initial bombardment to soften up enemy defenses...."
	MBS Live Chat - 1:25PM "in medieval times, he'd be like the rotting bovine carcasses flung over castle walls weeks in advance of a siege. In this case the castle is the low rate time frame consensus..."
	MBS Live Chat - 1:25PM "Fed is just trying to infect enough of the population with the plague so that when the siege begins, it's met with less resistance...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.56%

+0.02

15 Yr FRM

3.54%

+0.02

FHA 30 Year Fixed

4.12%

+0.07

Jumbo 30 Year Fixed

4.31%

+0.02

5/1 Yr ARM

3.25%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.80%

1.10

+0.13

30 Yr. Fixed

4.67%

1.44

+0.13

MBA **

30 Yr. Fixed

4.56%

0.29

+0.06

15 Yr. Fixed

3.62%

0.24

+0.10

30 Yr. Jumbo

4.45%

0.27

+0.06

30 Yr. FHA

4.16%

0.23

+0.03

5/1 ARM

3.22%

0.32

+0.13

Freddie Mac **

30 Yr. Fixed

4.40%

0.60

+0.08

15 Yr. Fixed

3.42%

0.60

+0.10

1 Yr. ARM

2.44%

0.40

-0.05

5/1 Yr. ARM

3.10%

0.50

+0.08

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

96-02

-0-09

30YR FNMA 3.5

100-05

-0-09

30YR GNMA 3.0

97-27

-0-10

30YR GNMA 3.5

101-18

-0-11

15YR FNMA 3.0

102-17

-0-06

15YR FNMA 2.5

99-24

-0-06

Treasuries

Yield

Change

2 YR

0.4579%

+0.0238

5 YR

1.7926%

+0.0578

10 YR

2.8045%

+0.0474

30 YR

3.6473%

+0.0405

Prices as of: 4/2/2014 4:06PM 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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