Daily Newsletter: Thursday May 29, 2014

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30 Year Fixed

                                                                4.09%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                3.25%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.47%
                                                                  
                                                                +0.0248

FNMA 30YR 3.5

                                                                102-30
                                                                  
                                                                -0-10

FNMA 15YR 2.5

                                                                103-29
                                                                  
                                                                -0-07

View Today's Rates

Thursday May 29, 2014

Mortgage Rate Watch - 3:49PM

Mortgage Rates Slightly Higher After Mid-Day Volatility

Mortgage rates began the day in even better shape than yesterday, but market volatility prompted most lenders to raise rates in the afternoon . That leaves today's rate sheets in just ...

MND NewsWire - 10:02AM

Pending Home Sales Rise Less Than Expected

Pending home sales in April rose above those in the previous period for the second month in a row. The National Association of Realtors® said that contract signings in April increased ...

MND NewsWire - 1:47PM

Firm Fined for Steering Consumers to Affiliate Company

RealtySouth, the largest real estate firm in Alabama, was ordered to pay a half-million dollar penalty this week for failing to provide consumers with adequate transaction disclosures ...

MND NewsWire - 1:31PM

Real Estate Pros can Soon Negotiate Short Sales Directly With Fannie

Real estate agents will soon be able to negotiate terms of a short sale directly with Fannie Mae rather than communicating through servicers. This is one of the improvements the company ...

Latest Video

Q1 GDP (revised) down 1.0%; jobless claims drops 27,000

Santelli Exchange: Big rate debate

Santelli: Something has changed

More News from 'Around the Web'

The Huffington Post - 4:53PM
My Response to the Financial Times
time.com - 4:53PM
Tiny Houses With Big Ambitions
Market Watch - 3:14PM
Pimco's McCulley: Yellen doing a 'fantastic job'
Calculated Risk Blog - 3:14PM
A comment on GDP Revisions: No Worries
CNBC - 1:25PM
Fed's Lacker: Expect a positive GDP reversal in the second quarter
Reuters - 1:24PM
U.S. probes possible overcharging by banks on foreclosure fees
Bloomberg - 1:24PM
'Too Damn Low' Bond Yields Lead Tisch to Buy Stocks Begrudgingly - Bloomberg
Reuters - 12:00PM
Shareholder anger simmers worldwide over bankers' pay
Fannie Mae - 11:45AM
News Release - Fannie Mae Announces Expansion of ...
CNBC - 10:41AM
Low volatilitycalm before storm?
freddiemac.mwnewsroom.com - 10:07AM
Fixed Mortgage Rates Lower for Fifth Straight Week
Bloomberg - 10:07AM
BlackRock's Rieder Say Low-Yield Treasuries Still a Value - Bloomberg
CNN - 9:11AM
U.S. economy shrunk, but it's not a big deal
blog.redfin.com - 9:10AM
If Sellers List, Buyers Will Come
CNBC - 9:09AM
Bond yields slip to multi-month lows; where next?

Today's Comments

	MBS Live Chat - 1:37PM "Thanks MBS Live. Your most recent alert helped me beet a reprice worse by about 5 minutes...."
	MBS Live Chat - 1:52PM "What's with the sudden plummet? Profit taking? Our company just shut down our lock desk..."
	MBS Live Chat - 1:58PM "Hey Chip, My only worthwhile thought with the bounce is the stuff about there being "room" to move higher in rate while still remaining in low territory overall. The part in the last 2 alerts about 2.47% 10yr yields is kinda the thesis there. Beyond that, it's just sort-of the nature of the beast that..."
	MBS Live Chat - 2:01PM "thankfully, I don't foresee rates moving 1% higher by early July this year...."
	MBS Live Chat - 2:02PM "Can't relive that? That was a good time last year...."
	MBS Live Chat - 2:07PM "lock or float it out?..."
	MBS Live Chat - 2:08PM "just depends on the time frame of your outlook. Bigger picture, not much reason to freak out moving up to 2.45. All we can really advise on is intraday risk, which is high. Longer term, no way to know, but the trend is certainly still technically your friend. The catch is that your clients could lose..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.09%

+0.01

15 Yr FRM

3.25%

+0.00

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.91%

+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

4.31%

0.15

-0.02

15 Yr. Fixed

3.42%

0.06

-0.01

30 Yr. Jumbo

4.23%

0.16

-0.01

30 Yr. FHA

4.04%

-0.45

-0.02

5/1 ARM

3.13%

0.19

-0.01

Freddie Mac **

30 Yr. Fixed

4.12%

0.60

-0.02

15 Yr. Fixed

3.21%

0.50

-0.04

1 Yr. ARM

2.41%

0.40

-0.02

5/1 Yr. ARM

2.96%

0.30

+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

98-29

-0-10

30YR FNMA 3.5

102-30

-0-10

30YR GNMA 3.0

100-18

-0-13

30YR GNMA 3.5

103-27

-0-12

15YR FNMA 3.0

103-29

-0-07

15YR FNMA 2.5

101-20

-0-05

Treasuries

Yield

Change

2 YR

0.3789%

+0.0078

5 YR

1.5293%

+0.0481

10 YR

2.4679%

+0.0248

30 YR

3.3286%

+0.0361

Prices as of: 5/29/2014 4:30PM 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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