Daily Newsletter: Thursday April 24, 2014

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30 Year Fixed

                                                                4.43%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.50%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.69%
                                                                  
                                                                -0.0054

FNMA 30YR 3.5

                                                                101-06
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                103-00
                                                                  
                                                                +0-01

View Today's Rates

Thursday April 24, 2014

MND NewsWire - 12:28PM

Increasingly Optimistic Attitudes on Housing Market

A new Gallup survey seems to indicate that Americans are falling in love with real estate again . The poll, conducted among over a thousand respondents this month, shows that 56 percent ...

MND NewsWire - 10:20AM

CFPB Pilot Program Seeks to Lessen Closing Table Pain

The mortgage closing table is the site of considerable pain and confusion for homebuyers, Richard Cordray, Director of the Consumer Financial Protection Bureau (CTFP) told a Mortgage ...

Mortgage Rate Watch - 3:06PM

Mortgage Rates Hold Steady Despite Stronger Data

Mortgage rates held were mostly sideways today. In cases where rate sheets differed from yesterday, the tendency was toward just slightly higher rates. The move was small enough that ...

MND NewsWire - 10:54AM

Price Growth Slows in Once Hot Markets

Sales of residential properties were marginally higher in March than in February and the median price of both distressed and non-distressed properties also increased slightly RealtyTrac ...

Latest Video

DR Horton announces express homes

Putin: Ukraine military force will have consequences

Santelli: 10-year going sideways

More News from 'Around the Web'

freddiemac.mwnewsroom.com - 3:55PM
Freddie Mac Reduces Taxpayer Exposure With $269.5 Million Credit Risk Insurance Policies
www.justice.gov - 3:55PM
Maryland Man Sentenced for Defrauding Thousands of Homeowners in $4 Million Nationwide Home Loan Modification Scam
Bloomberg - 3:03PM
Builders Rise as Earnings Beat Estimates, Allaying Fears - Bloomberg
rss.nytimes.com - 2:28PM
The Housing Market Is Still Holding Back the Economy. Here's Why.
WSJ - 2:27PM
District of Columbia the Nation's Most Expensive Place to Live
NAHB - 1:12PM
Housing and the Economy to Continue on an Upward Path, Economists Say
CNBC - 1:11PM
Largest US builder bets on bargain homes
www.cfpbmonitor.com - 1:10PM
CFPB Announces New eClosing Mortgage Initiative
time.com - 11:24AM
There's a Dangerous New Way to Get a Quick Loan
CNBC - 10:31AM
Russia starts military drills near Ukraine: Reports
www.firstam.com - 10:26AM
First American Financial Reports First Quarter 2014 Results
www.aei.org - 10:24AM
A new housing bubble?
Market Watch - 9:41AM
Summers: Economic pickup could come on unstable ground
CNBC - 9:34AM
Mixed bag: US durables surge--but so do claims
freddiemac.mwnewsroom.com - 9:09AM
Freddie Mac Issues Monthly Volume Summary for March 2014
blog.redfin.com - 8:37AM
1 in 4 American Homeowners have Buyer's Remorse About Current Home, According to Nationwide Survey
www.gallup.com - 8:37AM
Optimism for Rising U.S. Home Values Is Highest Since 2007
NAFCU - 8:35AM
CFPB may review QM points-and-fees requirement
NAFCU - 8:34AM
NAFCU at White House to discuss GSE reform
Reuters - 8:29AM
Futures gain on tech results

Today's Comments

	MBS Live Chat - 1:08PM "Anyone know which mortgagee letter references FHA appraisals regarding flips? I am trying to google it but having a hard time finding it..."
	MBS Live Chat - 1:10PM "This what you are looking for CM http://mndne.ws/1mJ3X9n..."
	MBS Live Chat - 1:20PM "no one can compete on jumbos right now with retail..."
	MBS Live Chat - 1:20PM "People with lower Max comp in their comp plan can..."
	MBS Live Chat - 1:20PM "4% with credits? No way..."
	MBS Live Chat - 1:22PM "MM, I'm at .625 with $4,500 back to borrower towards cost or 4.5 with $2,500 back..."
	MBS Live Chat - 1:23PM "wells retail would be at most 4.25 with that rebate...like OO said, nobody can compete with retail on jumbos now..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.43%

+0.00

15 Yr FRM

3.50%

+0.01

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.20%

-0.01

5/1 Yr ARM

3.22%

-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

4.49%

0.50

+0.02

15 Yr. Fixed

3.55%

0.33

+0.01

30 Yr. Jumbo

4.41%

0.34

+0.02

30 Yr. FHA

4.20%

0.41

+0.06

5/1 ARM

3.16%

0.36

+0.01

Freddie Mac **

30 Yr. Fixed

4.33%

0.60

+0.06

15 Yr. Fixed

3.39%

0.60

+0.06

1 Yr. ARM

2.44%

0.50

+0.00

5/1 Yr. ARM

3.03%

0.50

+0.00

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

97-04

+0-03

30YR FNMA 3.5

101-06

+0-03

30YR GNMA 3.0

99-01

+0-05

30YR GNMA 3.5

102-15

+0-04

15YR FNMA 3.0

103-00

+0-01

15YR FNMA 2.5

100-13

+0-04

Treasuries

Yield

Change

2 YR

0.4457%

+0.0039

5 YR

1.7446%

+0.0285

10 YR

2.6860%

-0.0054

30 YR

3.4577%

-0.0149

Prices as of: 4/24/2014 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.

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