Daily Newsletter: Tuesday May 10, 2016

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30 Year Fixed

                                                                3.60%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.89%
                                                                  
                                                                -0.01

10YR Treasury

                                                                1.75%
                                                                  
                                                                +0.0018

FNMA 30YR 3.5

                                                                105-01
                                                                  
                                                                0-00

FNMA 15YR 2.5

                                                                104-20
                                                                  
                                                                -0-01

View Today's Rates

Tuesday May 10, 2016

Mortgage Rate Watch - 3:53PM

Mortgage Rates Officially Hit 3-Year Lows

Mortgage rates didn't move any lower today, but they earned an important distinction nonetheless. As of today, you'd have to go back 3 full years to see rate sheets any lower, on average ...

MND NewsWire - 10:41AM

It's Spring--Must Be Time to Sell Houses!

The net number of consumers who told Fannie Mae surveyors in April they think it is currently a good time to sell a house soared in April. However, its impact on Fannie Mae's Home Purchase ...

Pipeline Press - 10:34AM

Renovation and Jumbo News; Lender Stocks Getting Slaughtered - Where's Your 401k?

“Well, shakin' my moneymaker ain't ever made me a dime! And there ain't no sugar for you in this shaker of mine!” So sing Maddie and Tae. Conversely, homebuilders are pretty ...

MBS Commentary - 9:51AM

MBS Day Ahead: Bonds Fighting a Secret Battle

The past 2 sessions only look boring on the surface Beneath the surface, bonds have been coping with a huge glut of corporate issuance What does it all mean? If you're anything like ...

Latest Video

German 10-year hits lows at European close

Grading the labor market

Troubling signs from autos and housing

More News from 'Around the Web'

Bloomberg - 3:50PM
Wells Fargo's Next-Day Loans Encroach on LendingClub's Turf
Google News - 3:49PM
HUD Secretary Castro, Panelists Discuss Housing Opportunities for Young Adults Repaying Student Debt
Market Watch - 1:34PM
Bond Report: Treasury yields rise as flurry of competing corporate sales to flood bond market
CNBC - 1:34PM
Online lenders told to come clean on how they work
CNBC - 1:34PM
Janet Yellen's favorite indicator
www.gallup.com - 10:50AM
U.S. Economic Confidence Index Stable at -14
CNBC - 10:49AM
March job openings rise slightly
CNBC - 10:49AM
Wholesale inventories up 0.1% in March, in line with expectations
CNBC - 10:49AM
Big banks about to come under more fire
www.wellsfargo.com - 10:49AM
Wells Fargo launches FastFlexSM Small Business Loan
Bloomberg - 10:46AM
LendingClub Is Turning Out to Be Anything But a 'Direct' Lender
Washington Post - 10:46AM
Median price of homes sold in D.C. area hits 10-year high for month of April
Bloomberg - 8:32AM
Citigroup Says 10-Year Yield May Drop to 1.5% as Treasuries Gain
www.corelogic.com - 8:26AM
CoreLogic Reports 36,000 Completed Foreclosures in March 2016

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.60%

-0.01

15 Yr FRM

2.89%

-0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.59%

-0.01

5/1 Yr ARM

3.01%

-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

3.82%

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

-0-00

30YR FNMA 3.5

105-01

0-00

30YR GNMA 3.0

103-19

-0-02

30YR GNMA 3.5

105-22

-0-02

15YR FNMA 3.0

104-20

-0-01

15YR FNMA 2.5

103-02

-0-01

Treasuries

Yield

Change

2 YR

0.7220%

+0.0120

5 YR

1.1996%

-0.0001

10 YR

1.7508%

+0.0018

30 YR

2.6037%

-0.0077

Prices as of: 5/10/2016 4:32PM 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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