Daily Newsletter: Thursday June 5, 2014

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30 Year Fixed

                                                                4.19%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.30%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.58%
                                                                  
                                                                -0.0216

FNMA 30YR 3.5

                                                                102-17
                                                                  
                                                                +0-10

FNMA 15YR 2.5

                                                                103-27
                                                                  
                                                                +0-05

View Today's Rates

Thursday June 5, 2014

Mortgage Rate Watch - 3:25PM

Mortgage Rates Dodge Bullet; One More Tomorrow

Mortgage rates finally ended a 5-day losing streak, moving lower for the first time since May 28th. Today's big order of business was the European Central Bank (ECB) Announcement. What ...

MND NewsWire - 10:53AM

Negative Equity Still Hasn't Fallen Enough to Stimulate Housing Turnover

U.S. homeowners continue to regain the equity in their homes which was lost in massive amounts during the housing crisis that began in 2007 and 2008. According to data released today ...

MBS Commentary - 12:30PM

MBS MID-DAY: ECB Delivers on Market Expectations, Reluctant Rally Ensues

Expectations were all over the board for today's European Central bank policy announcement, as well as the characterization of future policy potential at the press conference later ...

MND NewsWire - 10:45AM

Mortgage Credit Availability up slightly in May

Mortgage credit was marginally more available in May than it was in April the Mortgage Bankers Association (MBA) said today. Its Mortgage Credit Availability Index (MCAI) inched up ...

Latest Video

ECB rate goes negative

Housing: Should you rent or buy?

Liesman's jobs outlook

More News from 'Around the Web'

NAHB - 3:59PM
Green Homes Show Growth in a Recovering Market According to New Report from McGraw Hill Construction
Washington Post - 3:58PM
Wonkblog: What our reasons for moving say about the state of the economy
WSJ - 3:00PM
Fed's Williams Says Central Bank Needs to Realize Investors Aren't Always Rational
WSJ - 3:00PM
Fed's Kocherlakota: U.S. Economy Needs Low Rates For Years To Come
Calculated Risk Blog - 2:03PM
Asking House Prices up 8.0% year-over-year in May, "slowest rate in 13 months"
Bloomberg - 2:03PM
Household Wealth in U.S. Increases as Home Values Appreciate - Bloomberg
WSJ - 1:28PM
Why Americans Moved Last Year: Cheaper Housing, Shorter Commutes
CNBC - 1:08PM
ECB firing 'lots of small bullets': El-Erian
WSJ - 1:06PM
Mortgage Rates Are Falling, So Where Are the Home Buyers?
CNBC - 12:10PM
ECB proves the war on deflation is raging
CNBC - 10:56AM
Indicator points to falling home prices
freddiemac.mwnewsroom.com - 10:55AM
Fixed Mortgage Rates Largely Flat
Reuters - 10:06AM
U.S. jobless claims up, but jobs market still strengthening
Google News - 10:03AM
How well do the GSEs serve minority borrowers?
Market Watch - 10:03AM
Irish 10-year yield below U.S. for first time since 2007
CNBC - 8:14AM
More Americans are rejoining workforce
Market Watch - 8:13AM
Treasurys, bunds rise after ECB cuts interest rates
CNBC - 8:13AM
Planned US layoffs jump
Reuters - 8:11AM
Stocks at a record, but bonds look to break bad first
Bloomberg - 8:01AM
Draghi Takes ECB Deposit Rate Negative in Historic Move - Bloomberg

Today's Comments

	MBS Live Chat - 12:01PM "if using support for income does it have to be received for 3 or 6 months?..."
	MBS Live Chat - 12:02PM "Adding to VB's question, same for alimony also?..."
	MBS Live Chat - 12:03PM "6 months..."
	MBS Live Chat - 12:04PM "Just read that off of the FNMA homepath guidelines I was reading so probably true of all FNMA/FHLMC programs..."
	MBS Live Chat - 12:06PM "Love that phrase:"Ongoing Positive Reprice Potential"..."
	MBS Live Chat - 12:40PM "tomorrow is going to be huge..."
	MBS Live Chat - 12:50PM "Since October of 2013 if you throw out the "weather related" mos of Dec/Jan we've averaged 245K jobs per mos. Me thinks a weak # tomorrow is not in the cards...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.19%

-0.04

15 Yr FRM

3.30%

-0.03

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.00%

-0.03

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

4.31%

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

4.14%

0.50

+0.02

15 Yr. Fixed

3.23%

0.50

+0.02

1 Yr. ARM

2.40%

0.40

-0.01

5/1 Yr. ARM

2.93%

0.40

-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

98-06

+0-09

30YR FNMA 3.5

102-17

+0-10

30YR GNMA 3.0

100-05

+0-10

30YR GNMA 3.5

103-17

+0-09

15YR FNMA 3.0

103-27

+0-05

15YR FNMA 2.5

101-10

+0-07

Treasuries

Yield

Change

2 YR

0.3829%

-0.0158

5 YR

1.6245%

-0.0032

10 YR

2.5823%

-0.0216

30 YR

3.4337%

-0.0084

Prices as of: 6/5/2014 4:24PM 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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