Daily Newsletter: Wednesday April 13, 2016

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30 Year Fixed

                                                                3.65%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                2.95%
                                                                  
                                                                +0.02

10YR Treasury

                                                                1.77%
                                                                  
                                                                -0.0069

FNMA 30YR 3.5

                                                                104-25
                                                                  
                                                                -0-01

FNMA 15YR 2.5

                                                                104-16
                                                                  
                                                                0-00

View Today's Rates

Wednesday April 13, 2016

Mortgage Rate Watch - 4:41PM

Mortgage Rates Rise Gently From Long Term Lows

Mortgage rates pulled up just slightly today after spending the past few days near 3-year lows. The weakness in rates is in line with our discussion yesterday regarding the fact that ...

MND NewsWire - 10:51AM

Unsealed Documents put Government GSE Claims in Doubt

The battle over the future of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac took another turn on Monday, this time one that looks favorable to the GSEs ...

Pipeline Press - 10:44AM

CFPB and Nonbank Servicers; Ex-CFPB Enforcement Attorney's Take on PHH/CFPB Hearing

There is a lot of news today, ranging from political maneuvering through Chase’s earnings and on to the PHH/CFPB court case. But how about this one: President Obama forgiving ...

MND NewsWire - 8:04AM

Strong Week for Purchase and Refi Applications

Mortgage applications made a strong showing during the week ended April 8 and for the first time in a while the gains were fairly evenly distributed between refinance and purchase applications ...

Latest Video

Santelli: Rates testing upper range

Downpayment protection for skittish homeowners

Futures Now: Oil hits fresh 2016 high

More News from 'Around the Web'

CNBC - 3:53PM
Stock breakout developing?
Reuters - 3:53PM
Wells Fargo poses increasing threat to global financial system: report
Calculated Risk Blog - 3:51PM
Fed's Beige Book: Economic activity expanded in the "modest to moderate range" in most Districts
CNBC - 12:30PM
Loans decisions in seconds
Calculated Risk Blog - 12:29PM
Update: Framing Lumber Prices Up Year-over-year
CNBC - 10:53AM
Business inventories fall slightly
CNBC - 9:50AM
Producer prices fall on weak services costs
www.wellsfargo.com - 9:46AM
Wells Fargo Issues Statement Regarding Federal Reserve, FDIC 2015 Resolution Plan Ruling
Reuters - 9:43AM
U.S. retail sales fall, hurt by weak auto sales
CNBC - 9:43AM
Using home equity to fund retirement
CNBC - 9:43AM
Insurer seeks to ease housing bubble fears
Reuters - 8:08AM
Analysis: Fed eyes U.S. rate hike, but second-guesses economic gauges
Bloomberg - 8:06AM
BlackRock Likes Treasuries Ahead of Auctions; Gundlach Says Wait
Bloomberg - 8:05AM
Gundlach Recommends Mortgage Bonds Rather Than Corporate Debt

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.65%

+0.02

15 Yr FRM

2.95%

+0.02

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.58%

+0.02

5/1 Yr ARM

2.98%

+0.02

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

3.86%

0.32

-0.08

15 Yr. Fixed

3.10%

0.37

-0.09

30 Yr. Jumbo

3.76%

0.27

-0.06

30 Yr. FHA

3.73%

0.36

-0.03

5/1 ARM

2.94%

0.26

-0.13

Freddie Mac **

30 Yr. Fixed

3.59%

0.50

-0.12

15 Yr. Fixed

2.88%

0.40

-0.10

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.82%

0.50

-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

102-19

+0-01

30YR FNMA 3.5

104-25

-0-01

30YR GNMA 3.0

103-20

+0-02

30YR GNMA 3.5

105-20

-0-01

15YR FNMA 3.0

104-16

0-00

15YR FNMA 2.5

102-26

+0-01

Treasuries

Yield

Change

2 YR

0.7504%

+0.0119

5 YR

1.2174%

+0.0097

10 YR

1.7674%

-0.0069

30 YR

2.5844%

-0.0107

Prices as of: 4/13/2016 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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