Daily Newsletter: Friday April 4, 2014

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30 Year Fixed

                                                                4.48%
                                                                  
                                                                -0.07

15 Year Fixed

                                                                3.49%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.73%
                                                                  
                                                                -0.0693

FNMA 30YR 3.5

                                                                100-26
                                                                  
                                                                +0-16

FNMA 15YR 2.5

                                                                102-31
                                                                  
                                                                +0-11

View Today's Rates

Friday April 4, 2014

Mortgage Rate Watch - 4:05PM

Mortgage Rates Erase Week's Losses After Jobs Report

Mortgage rates were significantly lower today , erasing a full week's worth of time spent moving higher in fits and starts. The main event was this morning's release of the Employment ...

MND NewsWire - 2:20PM

Spring homebuyers facing sticker shock

More potential buyers are out trolling the nation's neighborhoods for their dream homes. Unfortunately, they are finding little to look at and, even worse, they are finding higher prices ...

Pipeline Press - 11:29AM

Bank Mergers; A Primer on Odd Rate Sheet Pricing; Demand for Non-Agency Loans Picks Up

Once again the banking & mortgage industry makes headlines - for the wrong reasons . Poppi Metaxas, the former president and chief executive officer (CEO) of Gateway Bank, FSB, ...

MBS Commentary - 12:30PM

MBS MID-DAY: 2 Steps Forward After Jobs Report, 2 More From Europe and Stocks

Bond markets came into the session essentially unchanged after having held near the higher end of their recent range in the few days leading up to this morning's jobs report. The headline ...

Latest Video

March non-farm payrolls up 192, 000; unemployment 6.7%

Housing recovery leaves millennials behind

Hunt is on for spring housing

More News from 'Around the Web'

Reuters - 4:42PM
ECB has modelled trillion euro asset purchase
Bloomberg - 2:30PM
Fed Staff Saw Prolonged Slump, Possible Deflation in 2008 Memo - Bloomberg
WSJ - 12:36PM
Hilsenrath Analysis: Jobs Report Keeps Fed Policy on Track
CNBC - 12:14PM
Spring homebuyers facing sticker shock
Market Watch - 11:33AM
Euro below $1.37 on report that ECB tested QE
CNBC - 11:30AM
Jobs growth: Close-but here's a cigar anyway
WSJ - 9:14AM
Soaring Housing Costs Driving Educated People From Big Cities
WSJ - 9:14AM
When Shoppers Say No to the Jumbo
Bloomberg - 9:13AM
Gross Says Pace of Job Growth Suggest Fed Continues Tapering
CNBC - 8:47AM
Jobs market bounces back as weather effects wane

Today's Comments

	MBS Live Chat - 8:59AM "market expected more than that. Defensive going in and now this..."
	MBS Live Chat - 9:00AM "I think we're heading back to the top of the channel where I think we'll get resistance again...."
	MBS Live Chat - 11:34AM "With a myriad of complicated global pieces to this global economic conundrum we have I really think these Central Bankers are just perplexed with how to deal with it all. I don't think any of them have a handle on it but they have to put on a good face...."
	MBS Live Chat - 11:44AM "Hugh, none of them understand how deep the financial crisis hit and how deep the delveraging process that is still ongoing. All of this id adding to deflationary forces and structurally higher UE and low capacity utilization. It takes years to get out of this loop. Bernanke was correct when he studied..."
	MBS Live Chat - 2:29PM "For those waiting for Wells to reprice I am submitting a lock now. In 5 minutes they will reprice...."
	MBS Live Chat - 2:34PM "We're only up 4 from Wells' AM reprice. I doubt we see another today..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.48%

-0.07

15 Yr FRM

3.49%

-0.04

FHA 30 Year Fixed

4.05%

-0.07

Jumbo 30 Year Fixed

4.24%

-0.06

5/1 Yr ARM

3.23%

-0.02

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

4.56%

0.29

+0.06

15 Yr. Fixed

3.62%

0.24

+0.10

30 Yr. Jumbo

4.45%

0.27

+0.06

30 Yr. FHA

4.16%

0.23

+0.03

5/1 ARM

3.22%

0.32

+0.13

Freddie Mac **

30 Yr. Fixed

4.41%

0.70

+0.01

15 Yr. Fixed

3.47%

0.60

+0.05

1 Yr. ARM

2.45%

0.40

+0.01

5/1 Yr. ARM

3.12%

0.50

+0.02

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

96-24

+0-16

30YR FNMA 3.5

100-26

+0-16

30YR GNMA 3.0

98-17

+0-17

30YR GNMA 3.5

102-06

+0-16

15YR FNMA 3.0

102-31

+0-11

15YR FNMA 2.5

100-11

+0-14

Treasuries

Yield

Change

2 YR

0.4146%

-0.0434

5 YR

1.7022%

-0.0905

10 YR

2.7261%

-0.0693

30 YR

3.5871%

-0.0369

Prices as of: 4/4/2014 4:31PM 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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