Daily Newsletter: Monday May 9, 2016

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30 Year Fixed

                                                                3.61%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                2.90%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.75%
                                                                  
                                                                -0.0299

FNMA 30YR 3.5

                                                                105-01
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                104-21
                                                                  
                                                                +0-02

View Today's Rates

Monday May 9, 2016

Mortgage Rate Watch - 4:45PM

Mortgage Rates Steady Near 3-Year Lows

Mortgage rates moved sideways today, taking them one step closer to officially claiming the title of "3 year lows." Tomorrow marks the three year anniversary of the Wall Street Journal ...

MND NewsWire - 1:00PM

Don't Call it a Comeback: Flipping is Modest by Bubble Standards

Is flipping back in vogue? CoreLogic, in a two-part article published in its blog says activity is up, but so far we are seeing nothing like the level of activity in 2005 . Flipping ...

Pipeline Press - 10:42AM

Lending Club CEO resigns; Upcoming Events/Training; USDA Rural Developments; Mortgage Credit Less Available

At a car dealership: "The best way to get back on your feet - miss a car payment.” Some believe that the CFPB has shifted its spotlight, temporarily, onto pay day, auto lending ...

MBS Commentary - 10:09AM

MBS Week Ahead: Bigger Picture Trend Toward Consolidation

Limited data and events this week to motivate strong momentum broader trend looking like a consolidation pattern first major break out of that pattern could be big Conventional wisdom ...

Latest Video

Lending Club CEO out

Quicken Loans says 'no' to DOJ deal: CEO

Income growth weaker than numbers show: Economist

More News from 'Around the Web'

Bloomberg - 4:05PM
Home Prices Climbed in 87% of U.S. Metro Areas in First Quarter
Reuters - 4:04PM
Fed's Kashkari says accommodative policy needed to bring workers back
Calculated Risk Blog - 4:03PM
Phoenix Real Estate in April: Sales up 1%, Inventory up YoY
CNBC - 12:16PM
ZIP codes with the biggest boom towns
Market Watch - 12:16PM
Lending Club downgraded by several analysts after CEO resignation
CNBC - 12:13PM
Quicken Loans CEO tells Justice Department to pound sand on mortgage allegations
CNBC - 12:13PM
The top towns for real estate investors
CNBC - 10:29AM
How millennials direct Fed rates
Market Watch - 8:49AM
Get your affairs in order because this rare technical signal is flashing red
Calculated Risk Blog - 8:34AM
Merrill on Fed: "See you in September"
www.npr.org - 8:34AM
First-Time Buyers Face Housing Crunch In Big Cities
Market Watch - 8:30AM
LendingClub CEO Laplanche resigns after review of sale of near-prime loans
CNBC - 8:28AM
The worst may be over for Wall Street bond traders
www.npr.org - 8:25AM
HUD Secretary Julian Castro Issues New Guidance For Landlords
www.freddiemac.com - 8:24AM
Single-Family Loan Repurchases Trending Down

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.61%

+0.00

15 Yr FRM

2.90%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.60%

+0.01

5/1 Yr ARM

3.02%

+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

3.82%

0.33

-0.04

15 Yr. Fixed

3.10%

0.37

+0.00

30 Yr. Jumbo

3.74%

0.31

-0.02

30 Yr. FHA

3.66%

0.29

-0.07

5/1 ARM

2.94%

0.20

+0.00

Freddie Mac **

30 Yr. Fixed

3.61%

0.60

-0.05

15 Yr. Fixed

2.86%

0.50

-0.03

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.80%

0.50

-0.06

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

102-28

+0-04

30YR FNMA 3.5

105-01

+0-03

30YR GNMA 3.0

103-21

-0-01

30YR GNMA 3.5

105-24

+0-04

15YR FNMA 3.0

104-21

+0-02

15YR FNMA 2.5

103-03

+0-03

Treasuries

Yield

Change

2 YR

0.7100%

-0.0280

5 YR

1.1932%

-0.0357

10 YR

1.7490%

-0.0299

30 YR

2.6114%

-0.0162

Prices as of: 5/9/2016 4:46PM 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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