Daily Newsletter: Friday June 3, 2016

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30 Year Fixed

                                                                3.62%
                                                                  
                                                                -0.09

15 Year Fixed

                                                                2.92%
                                                                  
                                                                -0.05

10YR Treasury

                                                                1.71%
                                                                  
                                                                -0.0934

FNMA 30YR 3.5

                                                                104-31
                                                                  
                                                                +0-09

FNMA 15YR 2.5

                                                                104-16
                                                                  
                                                                +0-08

View Today's Rates

Friday June 3, 2016

Mortgage Rate Watch - 2:29PM

Mortgage Rates Drop Sharply After Employment Data

Mortgage rates plummeted today, relatively speaking, fully erasing the damage done 2 weeks ago after the Fed Minutes sent rates higher at the fastest pace in months. Let's continue ...

MND NewsWire - 3:09PM

May jobs number is an outlier, but still puts the Fed on hold: Goldman's Hatzius

Friday's disappointing jobs report is likely an anomaly, but it was bad enough to wipe out any chance that the Federal Reserve will raise interest rates this month, Goldman Sachs Chief ...

Pipeline Press - 9:41AM

What CFPB's Payday Proposals Might Mean for Residential Biz - Alternatives Springing Up

“Rob, do you know of any banks looking to buy pools of home equity lines of credit?” Ah, the Holy Grail for plenty of non-bank lenders. You can check out www.mortgageelements ...

MBS Commentary - 8:17AM

MBS Day Ahead: NFP Doesn't Matter in The Bigger Picture

Strong, stable payroll growth is old news. Yet another NFP reading north of 150k or another 5%-ish unemployment reading are just a few more bricks in fairly meaningless wall . After ...

Latest Video

Jobs tumble in May

Jobs jeopardize June hike

Fed's Evans says rate hike timing 'not really that critical'

More News from 'Around the Web'

CNBC - 2:13PM
Fed's Brainard talks rates after jobs
CNBC - 2:12PM
Despite jobs bombshell, Fed could still hike in July
Bloomberg - 11:54AM
Revisions Show Marked Labor Market Deceleration Trend
CNBC - 11:52AM
May jobs number is an outlier, but still puts the Fed on hold: Goldman's Hatzius
www.realtor.com - 10:23AM
Could a Mortgage for Debt-Ridden Millennials Be Too Good to Be True?
webfeeds.brookings.edu - 10:23AM
Do Fed officials talk too much about plans for interest rate moves?
CNBC - 10:23AM
ISM manufacturing index hits 52.9 in May; Construction spending up 1.9% in April
www.builderonline.com - 10:23AM
Housing Demand Fell 5% in April, Supply Dwindled
CNBC - 8:57AM
Odds for interest rate hikes plunge after major jobs report miss
Calculated Risk Blog - 8:57AM
May Employment Report: 38,000 Jobs, 4.7% Unemployment Rate
CNBC - 8:56AM
Charts: The real story on the unemployment rate
www.nytimes.com - 7:51AM
What to Expect From the May Jobs Report
Reuters - 7:51AM
Equities attract $1.5 billion, first inflows in eight weeks: BAML

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.62%

-0.09

15 Yr FRM

2.92%

-0.05

FHA 30 Year Fixed

3.25%

-0.05

Jumbo 30 Year Fixed

3.65%

-0.06

5/1 Yr ARM

3.00%

-0.05

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.37%

1.26

-0.14

30 Yr. Fixed

3.95%

1.30

-0.16

MBA **

30 Yr. Fixed

3.82%

0.34

-0.05

15 Yr. Fixed

3.06%

0.33

-0.07

30 Yr. Jumbo

3.74%

0.31

-0.05

30 Yr. FHA

3.64%

0.25

-0.05

5/1 ARM

2.93%

0.22

+0.02

Freddie Mac **

30 Yr. Fixed

3.66%

0.50

+0.02

15 Yr. Fixed

2.92%

0.50

+0.03

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.88%

0.50

+0.01

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

+0-13

30YR FNMA 3.5

104-31

+0-09

30YR GNMA 3.0

103-18

+0-08

30YR GNMA 3.5

105-26

+0-10

15YR FNMA 3.0

104-16

+0-08

15YR FNMA 2.5

102-29

+0-10

Treasuries

Yield

Change

2 YR

0.7835%

-0.1113

5 YR

1.2339%

-0.1151

10 YR

1.7073%

-0.0934

30 YR

2.5224%

-0.0558

Prices as of: 6/3/2016 3:10PM 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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