Daily Newsletter: Thursday April 10, 2014

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                4.35%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                3.37%
                                                                  
                                                                -0.07

10YR Treasury

                                                                2.64%
                                                                  
                                                                -0.0525

FNMA 30YR 3.5

                                                                101-11
                                                                  
                                                                +0-12

FNMA 15YR 2.5

                                                                103-16
                                                                  
                                                                +0-08

View Today's Rates

Thursday April 10, 2014

Mortgage Rate Watch - 2:43PM

Mortgage Rates Down Big; Lowest in a Month

Mortgage rates began the day without any hint of the drama that was to come. The first rate sheets of the day were little-changed compared to yesterday's latest offerings. Then markets ...

MND NewsWire - 1:26PM

Foreclosures have Doubled in Some States Despite Overall Decline

RealtyTrac reported today that an uptick in foreclosure starts last month drove an overall increase in the nation's foreclosure activity. There was a 7 percent jump in the filings of ...

Pipeline Press - 10:25AM

Ocwen's Racketeering Lawsuit; MD Halts Eminent Domain; Latest on Agency Debate

Sometimes my 91-year old Dad's sense of humor grows tiresome. For example his, "How do you know it when you see a mortgage guy at the supermarket? He asks, "Paper or plastic (cackle ...

MBS Commentary - 12:33PM

MBS MID-DAY: Snowball Buying Brings Bonds to Best Levels in a Month.

Earlier this morning, there was a solid 30 minutes where it looked like stronger economic data would make things challenging for bond markets heading into the afternoon. But half an ...

Latest Video

Icahn: Major correction coming

Legg Mason's Bill Miller bets on subprime growth

Marc Faber: Coming crash will be worse than 1987

More News from 'Around the Web'

Reuters - 3:55PM
Dealers shifted rate view after Fed meeting: NY Fed poll
Market Watch - 3:18PM
Emerging-market meltup or U.S. correction?
CNBC - 3:17PM
Why hedge fund losses can hurt you
Market Watch - 3:17PM
Financial stocks fall ahead of bank earnings
Reuters - 3:17PM
U.S. March budget shrinks more than expected
Bloomberg - 1:54PM
Treasuries Rise After 30-Year Auction Demand Exceeds Average - Bloomberg
rss.nytimes.com - 1:30PM
House Approves Budget With Big Spending Cuts
CNBC - 12:51PM
Cashin: 'We need to be very careful'
Calculated Risk Blog - 10:57AM
Trulia: Asking House Prices up 10.0% year-over-year in March
WSJ - 10:56AM
Financial Stability Concerns Becoming Bigger Factor in Fed Debates
CNBC - 10:55AM
85% of pensions could fail in 30 years
www.cfpbmonitor.com - 10:54AM
Bill to create CFPB small business advisory board introduced
Market Watch - 10:29AM
Analysts see strong headwinds for bank earnings
freddiemac.mwnewsroom.com - 10:28AM
FREDDIE MAC: Fixed Mortgage Rates Tick Down
Reuters - 8:39AM
Jobless claims tumble to near seven-year low
Bloomberg - 8:32AM
Lenders Pushing Court Foreclosures Means More Inventory
CNBC - 8:29AM
US foreclosures at a 2007 low
NAFCU - 8:28AM
CFPB to host mortgage forum April 23
CNBC - 8:27AM
US bonds higher ahead of $13 billion auction

Today's Comments

	MBS Live Chat - 1:10PM "Anyone see Marc Faber's prediction today of a Stock Market Crash in the next 12 mos that is worse than 1987?..."
	MBS Live Chat - 1:11PM "Doesn't he say that every year?..."
	MBS Live Chat - 1:34PM "Break 2.60 today????..."
	MBS Live Chat - 1:36PM "mg? how is the volume on this rally?..."
	MBS Live Chat - 1:37PM "Not going to make it up to NFP-day volume Vic, but 2nd highest recent day by a fairly wide margin..."
	MBS Live Chat - 1:38PM "Well that's even more encouraging...."
	MBS Live Chat - 1:40PM "I wouldn't say there's anything especially encouraging about the high volume. It has to be high due to the nature of the move (i.e. accounts being forced in to cover positions due to the size of the move)...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.35%

-0.08

15 Yr FRM

3.37%

-0.07

FHA 30 Year Fixed

3.75%

-0.25

Jumbo 30 Year Fixed

4.12%

-0.08

5/1 Yr ARM

3.25%

+0.02

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%

0.33

+0.00

15 Yr. Fixed

3.62%

0.31

+0.00

30 Yr. Jumbo

4.49%

0.14

+0.03

30 Yr. FHA

4.19%

0.16

-0.02

5/1 ARM

3.26%

0.31

+0.01

Freddie Mac **

30 Yr. Fixed

4.34%

0.70

-0.07

15 Yr. Fixed

3.38%

0.60

-0.09

1 Yr. ARM

2.41%

0.50

-0.04

5/1 Yr. ARM

3.09%

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

+0-13

30YR FNMA 3.5

101-11

+0-12

30YR GNMA 3.0

99-11

+0-11

30YR GNMA 3.5

102-31

+0-09

15YR FNMA 3.0

103-16

+0-08

15YR FNMA 2.5

100-26

+0-09

Treasuries

Yield

Change

2 YR

0.3511%

-0.0160

5 YR

1.5872%

-0.0443

10 YR

2.6446%

-0.0525

30 YR

3.5194%

-0.0558

Prices as of: 4/10/2014 3:57PM 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.

View this Report in your Web Browser | Forward to a Friend | Subscribe