Daily Newsletter: Friday March 21, 2014

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30 Year Fixed

                                                                4.53%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.52%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.74%
                                                                  
                                                                -0.0308

FNMA 30YR 3.5

                                                                100-15
                                                                  
                                                                +0-08

FNMA 15YR 2.5

                                                                102-23
                                                                  
                                                                +0-06

View Today's Rates

Friday March 21, 2014

Mortgage Rate Watch - 2:32PM

Mortgage Rates Slightly Lower to End Week

Mortgage rates managed to move lower today, generally erasing yesterday's increases. There was very little by way of market-moving events to motivate the changes. Considering that yesterday ...

Pipeline Press - 10:48AM

CFPB on YouTube; Securitizing Rental Properties; LO Occupation at Risk?

It is so sad that America ranks 25th in the world in math. But at least we're still in the top 10. Speaking of math, the Census Bureau tells us that the wealthiest 10% of American households ...

MBS Commentary - 8:00AM

MBS Day Ahead: Bond Markets Looking For Exit; Meaningless Existence Without Data

Apart from April options expiry in Treasuries, there's really not anything to trade on today for bond markets. Wednesday's Fed forecast speedbump was the big mover, and there's little ...

Latest Video

Bond yields waiting on jobs data: Pro

Great time to buy a house: Expert

Zillow ranks best housing markets

More News from 'Around the Web'

Federal Reserve - 4:18PM
Federal Reserve issues corrected results for the 2014 Dodd-Frank Act stress test
www.cfpbmonitor.com - 4:18PM
The CFPB's Debt Collection Complaint Report: Lots of Fury Signifying Nothing
CNN - 4:18PM
Your home: It pays to keep up with the Joneses
Reuters - 4:18PM
Yellen likely repeated market views on rate hike timing: Fed's Bullard
FHFA - 2:51PM
FHFA Announces $885 Million Settlement With Credit Suisse
Washington Post - 2:50PM
More than 40 percent of the homes for sale in San Francisco are now asking more than $1 million
Market Watch - 2:50PM
Credit Suisse to pay $885 mln in FHFA settlement
CNBC - 2:49PM
Fed's Fisher says effectiveness of quantitative easing is exhausted: DJ
CNBC - 1:40PM
Why Goldman is worried about BofA
CNBC - 1:39PM
Three reasons to cheer rising rates: Yoshikami
Realtor.Org - 1:39PM
Brown Meets at White House as Mortgage Reform Gains Steam
www.collateralvision.com - 1:00PM
Latest Home Price Numbers Reveal Decrease in Pittsburgh Area
stream.wsj.com - 12:59PM
Minneapolis Fed's Kocherlakota Says Fed Not Moving to More Hawkish Stance - Wall Street Journal
CNBC - 12:16PM
Yellen's 'gaffe' that wasn't
CNBC - 12:14PM
Fight! Wall Street dukes it out over gold, housing
Market Watch - 10:57AM
Bond Report: Treasury curve flattest since 2012 as Fed weighs
Bloomberg - 10:54AM
SEC Said Examining Hidden Electronic Bond Trading Prices
blog.redfin.com - 10:15AM
Home Buying and Selling Calendar
CNBC - 10:09AM
Will the American Dream include a home?
CNN - 10:09AM
S&P 500 hits record high

Today's Comments

	MBS Live Chat - 10:27AM "Follow up question from yesterday regarding IRS tax validation. Does the borrower have to go in to get validated, or can another party do so? If the prepared return is signed...."
	MBS Live Chat - 10:31AM "IRS is picky about verifying who they talk to... you may need a notary authorized document..."
	MBS Live Chat - 10:39AM "Justin, have the customer do it directly at an IRA office if you want it done right, and quickly...."
	MBS Live Chat - 10:51AM "hey all, what turntime have you been seeing at the IRS to validate/4506 a 2013 return? Got a borrower that had to qualify on 12-13, he filed in late January. Still no results for 2013...."
	MBS Live Chat - 10:51AM "paper filing 4-6 weeks..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.53%

-0.03

15 Yr FRM

3.52%

-0.03

FHA 30 Year Fixed

4.00%

-0.06

Jumbo 30 Year Fixed

4.33%

+0.03

5/1 Yr ARM

3.25%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.61%

1.06

-0.10

30 Yr. Fixed

4.48%

1.36

-0.10

MBA **

30 Yr. Fixed

4.52%

0.29

+0.05

15 Yr. Fixed

3.53%

0.28

+0.01

30 Yr. Jumbo

4.41%

0.20

+0.04

30 Yr. FHA

4.18%

0.21

+0.05

5/1 ARM

3.18%

0.36

+0.09

Freddie Mac **

30 Yr. Fixed

4.32%

0.60

-0.05

15 Yr. Fixed

3.32%

0.60

-0.06

1 Yr. ARM

2.49%

0.40

+0.01

5/1 Yr. ARM

3.02%

0.40

-0.07

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

96-12

+0-08

30YR FNMA 3.5

100-15

+0-08

30YR GNMA 3.0

98-07

+0-09

30YR GNMA 3.5

101-29

+0-08

15YR FNMA 3.0

102-23

+0-06

15YR FNMA 2.5

99-29

+0-06

Treasuries

Yield

Change

2 YR

0.4286%

+0.0048

5 YR

1.7088%

+0.0037

10 YR

2.7444%

-0.0308

30 YR

3.6077%

-0.0578

Prices as of: 3/21/2014 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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