Daily Newsletter: Wednesday April 16, 2014

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30 Year Fixed

                                                                4.38%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.42%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.64%
                                                                  
                                                                +0.0072

FNMA 30YR 3.5

                                                                101-07
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                102-32
                                                                  
                                                                -0-02

View Today's Rates

Wednesday April 16, 2014

MND NewsWire - 12:10PM

No Big Spring Bounce for Housing Starts

Two of the three measures of residential construction activity used by the Census Bureau fell slightly in March. Fewer permits were issued and fewer homes reached completion than in ...

Mortgage Rate Watch - 1:43PM

Mortgage Rates Slightly Higher, but Remain Near Recent Lows

Mortgage rates were slightly highe r today as investors continued to pull back from yesterday's geopolitically motivated buying spree. Tensions in Ukraine had created a short term spike ...

MND NewsWire - 9:20AM

Surge in Federal Home Loan Bank Borrowing by 4 Biggest Banks

Use of secured loans or advances from the 12 Federal Home Loan Banks (FHLBanks) by their four largest members has surged over the last two years. The primary mission of the FHLBanks ...

MND NewsWire - 7:00AM

Mortgage Applications Reverse 5 Week Slide

Mortgage applications reversed a five week slide during the week ended April 11 as applications for both purchasing and refinancing increased from levels the previous week. The Mortgage ...

Latest Video

Here's what's driving interest rates: Santelli

March housing starts up 2.8%

Cashin says 10-year yield ultimate market test

More News from 'Around the Web'

Market Watch - 4:00PM
Banks should not own physical assets: senators
WSJ - 3:19PM
We Read It So You Don't Have To: 10 Beige Book Gems
Reuters - 3:07PM
Bank of America's mortgage crisis costs become a recurring problem
CNBC - 3:06PM
The deficit is shrinking! Anyone care?
CNBC - 3:06PM
Chart of the day: US natural gas use
CNBC - 2:27PM
Beige Book: Economy rebounds from weather declines
CNBC - 2:27PM
Intel CEO: Consumer business stabilizing
Reuters - 1:52PM
Exclusive: Bank of America in talks with U.S. on probe of Merrill - sources
www.fool.com - 1:35PM
What Does the Crisis In Ukraine Have to Do With Mortgage Rates in America?
CNBC - 12:56PM
Art Cashin: The selloff might be over
CNBC - 12:50PM
Yellen: Rates to remain low for 'considerable time'
S&P/Case Shiller - 11:47AM
Lackluster Housing Numbers
time.com - 10:44AM
Bank of America Earnings Hit By Mortgage-Related Legal Fees
blog.redfin.com - 10:24AM
Housing Market Soft in March with Price Growth Slowing to Single Digits and Sales Down 11.6%
CNBC - 10:16AM
Rising rates will sting consumers
Market Watch - 10:16AM
Fed's Lockhart sees first rate hike after mid-2015
CNBC - 10:15AM
Manufacturing extends win streak in Mar.
Reuters - 8:55AM
U.S. housing starts rise less than expected, permits fall

Today's Comments

	MBS Live Chat - 12:14PM "So is this where be bounce off of 2.6 and head higher to 2.8 going into NFP next month?..."
	MBS Live Chat - 12:19PM "I am hoping this is where we bounce off of 2.66 and move back to lower end of range of 2.60..."
	MBS Live Chat - 12:20PM "feels like a soap opera cliff-hanger. "Find out next week!"..."
	MBS Live Chat - 12:33PM "any advice DU or LP - 95% with monthly MI, good reserves, low DTI, 753 and 784 middles, BUT last active account reported 10/13 - all ZEROs..."
	MBS Live Chat - 12:51PM "my vote is LP if the scores are higher..."
	MBS Live Chat - 12:51PM "I like LP since they have reserves...."
	MBS Live Chat - 12:53PM "mgic will also take findings subject to 3 overlays..."
	MBS Live Chat - 12:53PM "http://www.mgic.com/go/index.html..."
	MBS Live Chat - 12:53PM "I just breezed thru Yellen's speech......Gives you some insight I think...."
	MBS Live Chat - 1:00PM "My takeaway is Yellen is quite confident that QE definitely helped employment. Yet, she also thinks significant "slack" exists and full employment is still a couple of years down the road. My guess is she would be be gung ho ready to turn the QE tap back on if she felt progress stalled on the growth..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.38%

+0.02

15 Yr FRM

3.42%

+0.02

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.15%

+0.01

5/1 Yr ARM

3.25%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.80%

1.10

+0.13

30 Yr. Fixed

4.67%

1.44

+0.13

MBA **

30 Yr. Fixed

4.47%

0.32

-0.09

15 Yr. Fixed

3.54%

0.24

-0.08

30 Yr. Jumbo

4.39%

0.18

-0.10

30 Yr. FHA

4.14%

0.06

-0.05

5/1 ARM

3.15%

0.41

-0.11

Freddie Mac **

30 Yr. Fixed

4.34%

0.70

-0.07

15 Yr. Fixed

3.38%

0.60

-0.09

1 Yr. ARM

2.41%

0.50

-0.04

5/1 Yr. ARM

3.09%

0.50

-0.03

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

97-05

-0-03

30YR FNMA 3.5

101-07

-0-03

30YR GNMA 3.0

99-06

-0-03

30YR GNMA 3.5

102-22

-0-03

15YR FNMA 3.0

102-32

-0-02

15YR FNMA 2.5

100-10

0-00

Treasuries

Yield

Change

2 YR

0.3710%

+0.0000

5 YR

1.6530%

+0.0347

10 YR

2.6355%

+0.0072

30 YR

3.4487%

-0.0124

Prices as of: 4/16/2014 4:03PM 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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