Daily Newsletter: Wednesday March 16, 2016

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30 Year Fixed

                                                                3.81%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.07%
                                                                  
                                                                -0.02

10YR Treasury

                                                                1.91%
                                                                  
                                                                -0.0547

FNMA 30YR 3.5

                                                                104-11
                                                                  
                                                                +0-11

FNMA 15YR 2.5

                                                                104-02
                                                                  
                                                                +0-02

View Today's Rates

Wednesday March 16, 2016

Mortgage Rate Watch - 5:19PM

Mortgage Rates Improve After Fed Announcement

Mortgage rates moved lower today, but the amount was not only smaller than underlying market movement suggested, it also varied widely from lender to lender. This likely has a lot to ...

MBS Commentary - 2:01PM

Differences Between Current and Previous FOMC Statements

(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in December January suggests that labor market ...

MND NewsWire - 9:49AM

Housing Starts Reverse January Downturn

Housing starts recovered from a disappointing January report in February but permits declined for the third consecutive month according to data released today by the U.S. Census Bureau ...

MND NewsWire - 9:46AM

Refinancing Skids to Seven Month Low

Rising interest rates took their toll on mortgage application activity last week. The Mortgage Bankers Association (MBA) said that application volume overall was down 3.3 percent on ...

Latest Video

Santelli: Fed fund futures lower

Yellen: Increased financial market volatility

Fed leaves rates unchanged, slashes forecast on further hikes

More News from 'Around the Web'

www.realtor.com - 2:58PM
Good News for Buyers: More New Homes Are in the Pipeline
Federal Reserve - 2:56PM
Federal Reserve Board and Federal Open Market Committee release economic projections from the March 15-16 FOMC meeting
CNBC - 2:56PM
Fed leaves rates unchanged, sees 2 hikes this year
Bloomberg - 1:06PM
This $200 Billion Manager Says He's Seeing Value in Bonds Again
CNN - 10:55AM
Americans fear a life of 'dead-end crap jobs with crap wages'
Calculated Risk Blog - 10:53AM
Fed: Industrial Production decreased 0.5% in February
CNBC - 10:52AM
2-year yields hit 1 pct; Fed statement eyed
eyeonhousing.org - 10:52AM
Housing Production Rebounds
Reuters - 10:51AM
Banks face slump in trading revenue as 'bad' volatility bites
CNBC - 10:51AM
A steady Fed would hike rates
CNBC - 9:13AM
US core consumer prices march higher in February
CNBC - 9:12AM
Housing starts jump 5.2 pct
Bloomberg - 7:53AM
First-Time House Hunters Lose Out in Busy U.S. Homebuying Season
Bloomberg - 7:51AM
Treasuries Are World's Biggest Losers Before Fed Statements
CNBC - 7:49AM
Mortgage applications drop 3.3% on fewer refinances

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.81%

-0.02

15 Yr FRM

3.07%

-0.02

FHA 30 Year Fixed

3.35%

+0.00

Jumbo 30 Year Fixed

3.64%

-0.01

5/1 Yr ARM

3.03%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.45%

1.20

-0.01

30 Yr. Fixed

4.12%

1.43

-0.05

MBA **

30 Yr. Fixed

3.89%

0.38

+0.06

15 Yr. Fixed

3.14%

0.41

+0.01

30 Yr. Jumbo

3.81%

0.31

+0.06

30 Yr. FHA

3.71%

0.37

+0.04

5/1 ARM

3.20%

0.32

+0.18

Freddie Mac **

30 Yr. Fixed

3.68%

0.50

+0.04

15 Yr. Fixed

2.96%

0.50

+0.02

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.92%

0.40

+0.08

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

101-25

+0-12

30YR FNMA 3.5

104-11

+0-11

30YR GNMA 3.0

102-26

+0-07

30YR GNMA 3.5

105-07

+0-09

15YR FNMA 3.0

104-02

+0-02

15YR FNMA 2.5

102-05

+0-02

Treasuries

Yield

Change

2 YR

0.8631%

-0.1051

5 YR

1.3836%

-0.1073

10 YR

1.9134%

-0.0547

30 YR

2.7121%

-0.0150

Prices as of: 3/16/2016 4:31PM 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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