Daily Newsletter: Tuesday April 29, 2014

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30 Year Fixed

                                                                4.42%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.48%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.69%
                                                                  
                                                                -0.0164

FNMA 30YR 3.5

                                                                101-07
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                102-32
                                                                  
                                                                +0-02

View Today's Rates

Tuesday April 29, 2014

MND NewsWire - 3:02PM

Price Increases Slow in Latest Case Shiller Report

The S&P/Case-Shiller 20-City Composite Index rose slightly in February on a seasonally-adjusted basis, beating analysts' expectations by a hair while showing slowing rates of home ...

Mortgage Rate Watch - 2:23PM

Mortgage Rates Slightly Higher Ahead of GDP and Fed

Mortgage rates were slightly higher today as a result of bond market weakness late yesterday and again this morning. Some of that weakness has been erased this afternoon, but trading ...

MND NewsWire - 10:50AM

Foreclosures Up in March, but Down 10 Percent from Last Year

Completed foreclosures increased by nearly 6 percent in March, moving from 45,000 in February to 48,000. CoreLogic said this morning that there were, however 10 percent fewer foreclosures ...

Pipeline Press - 9:59AM

Scrutiny of Ocwen Continues; Be Careful With Branch Manager Comp

Overloading the borrower with "CYA" closing documents is a big concern of lenders and regulators alike. Over the weekend I received this note from Steve Sherwood, president of Alerus ...

Latest Video

Robert Shiller: Housing data worrisome

Santelli: Tracking the 10-year

April consumer confidence 82.3

More News from 'Around the Web'

The Huffington Post - 2:55PM
Jed Kolko: Why Conforming Loan Limits Should Be Part of Housing-Finance Reform -- But Aren't
Bloomberg - 2:55PM
Home Prices Made 'Only a Partial Recovery,' Raskin Says - Bloomberg
Market Watch - 2:55PM
The Fed: No fireworks expected at Fed meeting
CNBC - 2:54PM
Who's buying U.S. bonds? China!
Market Watch - 2:54PM
Apple sells $12 billion in corporate debt offering
DataQuick - 2:53PM
March Las Vegas Home Sales Press Release
CNBC - 1:48PM
Homeownership falls to 19-year low
rss.nytimes.com - 12:43PM
Senate Panel Approves Fed Nominees
Bloomberg - 12:42PM
BofA Pays $111 Million to Mortgage Investors for Servicing Error - Bloomberg
Market Watch - 11:42AM
Net liquidity from Fed could turn negative
rss.nytimes.com - 11:42AM
Older New Yorkers Face Acute Pain in Finding Homes
blogs.wsj.com - 11:35AM
New Fairholme-Backed Group Rallies to Defend Fannie, Freddie
www.corker.senate.gov - 10:57AM
Corker Statement on Housing Finance Reform Markup
Reuters - 10:35AM
Senate panel to debate U.S. housing finance, but no vote scheduled
CNBC - 10:33AM
Consumer confidence hit 82.3 in April, versus 83 estimate
Market Watch - 9:43AM
Treasurys sink ahead of Apple bond sale, data
CNBC - 9:30AM
Home prices up 0.8% in February: S&P/Case-Shiller
CNBC - 9:30AM
What could drive Case-Shiller home prices in 2039
Reuters - 9:00AM
EU imposes more sanctions on Russia over Ukraine crisis
CNBC - 8:01AM
US bonds continue to fall after home sales data

Today's Comments

	MBS Live Chat - 12:11PM "A lot of different potential flash points simmering out there but the markets seem eerily tranquil to me. Which of course makes me nervous...."
	MBS Live Chat - 12:39PM "has anyone ever seen this condition on USDA "borrower's wife to provide signed letter stating that she is not currently working and has no plans to obtain work"..."
	MBS Live Chat - 12:39PM "Oh yes SK..."
	MBS Live Chat - 12:39PM "Logical, can't have too much household income...."
	MBS Live Chat - 12:40PM "I just closed a USDA where the wife quit working in 2013 end of the year and we had to get a VOE from the previous employer to verify she wasn't working there anymore AND a letter from her stating the same...."
	MBS Live Chat - 12:57PM "anyone in here think Johnson/Crapo a good plan?..."
	MBS Live Chat - 1:00PM "In principal I think it's a step in the right direction but I honestly haven't studied the details deeply...."
	MBS Live Chat - 1:02PM "i dont like the high costs associated and now that f&f make money why do we want change?..."
	MBS Live Chat - 1:03PM "FNMA/FHMC worked for what, 70 some years until we got all exotic with loans and didn't look at any paperwork? Thinking that after Dodd/Frank implementation, we should see if any more tinkering really is even necessary...."
	MBS Live Chat - 1:06PM "just like us to fix a problem after its been fixed. nothign like fixing it twice..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.42%

+0.02

15 Yr FRM

3.48%

+0.02

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.17%

+0.02

5/1 Yr ARM

3.23%

+0.00

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

+0-02

30YR FNMA 3.5

101-07

+0-03

30YR GNMA 3.0

99-06

+0-01

30YR GNMA 3.5

102-15

+0-01

15YR FNMA 3.0

102-32

+0-02

15YR FNMA 2.5

100-12

+0-03

Treasuries

Yield

Change

2 YR

0.4418%

+0.0040

5 YR

1.7347%

-0.0132

10 YR

2.6895%

-0.0164

30 YR

3.4892%

-0.0008

Prices as of: 4/29/2014 3:48PM 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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