Daily Newsletter: Friday April 11, 2014

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30 Year Fixed

                                                                4.34%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.36%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.62%
                                                                  
                                                                -0.0308

FNMA 30YR 3.5

                                                                101-14
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                103-18
                                                                  
                                                                +0-02

View Today's Rates

Friday April 11, 2014

Mortgage Rate Watch - 2:18PM

Mortgage Rates Hold Solid Gains

Mortgage rates managed to hold on to yesterday's big improvements as markets held very steady by comparison today. If there's a slight bias, it's positive for bond markets, resulting ...

MND NewsWire - 11:26AM

Chase Earnings Miss, but 12 Record Quarters in a Row for Wells

Two of the nation's largest banks released their first quarter earnings on Thursday. The results of one outpaced analysts' expectations while the other posted disappointing results ...

Pipeline Press - 10:12AM

CFPB on Loan Closings; Chase and Wells Mortgage Earnings Reflect the Industry; Lenders Selling Their Only Asset

What is the Economic Census ? According to U.S. Secretary of Commerce, Penny Pritzker, "the economic census is one of the Commerce Department's most valuable data resources," ya, but ...

MND NewsWire - 1:58PM

'Hope Now' Nears 7 Million Modifications

HOPE Now, founded in 2007 as an early response to the growing threat of foreclosures, continues to negotiate loan modifications in double-digit numbers for distressed homeowners. The ...

Latest Video

Santelli: Drop off in yields

Mortgage rates follow yields lower

Cashin says markets bouncing off new lows

More News from 'Around the Web'

CNBC - 2:09PM
Lighting up a room with the wave of your hand
CNBC - 1:09PM
Mortgage rates fall but big banks do less
Calculated Risk Blog - 12:28PM
FNC: Residential Property Values increased 9.0% year-over-year in February
CNBC - 11:30AM
US seizing tax refunds for parent debt?
CNBC - 10:31AM
US consumer sentiment hits 9-month high in April
Market Watch - 10:28AM
Bond Report: 30-year Treasury yield hits nine-month low
www.attorneygeneral.gov - 10:28AM
Consumers warned to be on the lookout for spring home improvement scams
Reuters - 9:27AM
Wells Fargo profit rises 14 percent as costs fall
WSJ - 9:10AM
The 'Starter' Jumbo Steps Up
WSJ - 9:07AM
Bernanke Settles Back Into Research World
Washington Post - 9:02AM
We really don't need eight banking agencies
Bloomberg - 9:02AM
Fannie Mae Selling to Investors Backpedals on Homebuyers - Bloomberg
Market Watch - 8:44AM
J.P. Morgan shares fall 2% on earnings miss
CNBC - 8:31AM
Wells Fargo earnings top expectations

Today's Comments

	MBS Live Chat - 12:03PM "Wells and Chase did $53 billion in originations Q1, down 68% from a yr ago and 28% from Q4. Thinking maybe just maybe the credit box will start to get a little bigger soon...."
	MBS Live Chat - 12:03PM "If rates continue to stay low, Wells and Chase need to push for an expansion of HARP...."
	MBS Live Chat - 12:04PM "not quite sure HARP will right that ship..."
	MBS Live Chat - 12:04PM "but they are subject to F&F and F&F, so it cant get that big, and then we have the 3% stuff so even if they allow lower FICOs, the rates and points will kill the deal..."
	MBS Live Chat - 12:05PM "HARP allows them to right their originations ship with no additional risk to them...."
	MBS Live Chat - 12:11PM "Jamie Dimon on tight mortgage lending: "it's not getting worse. It's just sitting there and holding back a little bit the purchase market."..."
	MBS Live Chat - 12:12PM "if he said it was getting worse, their stock would be down even more. He gave an answer that basically says that residential lending sucks...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.34%

-0.01

15 Yr FRM

3.36%

-0.01

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.11%

-0.01

5/1 Yr ARM

3.24%

-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%

0.33

+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

97-12

+0-05

30YR FNMA 3.5

101-14

+0-03

30YR GNMA 3.0

99-12

+0-02

30YR GNMA 3.5

102-32

+0-02

15YR FNMA 3.0

103-18

+0-02

15YR FNMA 2.5

100-27

+0-01

Treasuries

Yield

Change

2 YR

0.3550%

-0.0001

5 YR

1.5691%

-0.0198

10 YR

2.6175%

-0.0308

30 YR

3.4752%

-0.0451

Prices as of: 4/11/2014 3:45PM 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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