Daily Newsletter: Monday February 1, 2016

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30 Year Fixed

                                                                3.80%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.09%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.95%
                                                                  
                                                                +0.0276

FNMA 30YR 3.5

                                                                104-15
                                                                  
                                                                -0-06

FNMA 15YR 2.5

                                                                104-03
                                                                  
                                                                -0-02

View Today's Rates

Monday February 1, 2016

Mortgage Rate Watch - 4:33PM

Mortgage Rates Remain Near Long Term Lows

Mortgage rates were in line with the best levels in 8 months as of last Friday. Although they moved slightly higher to begin the new week, today is still the 2nd best day in the past ...

MND NewsWire - 12:26PM

Cash-Out Refi Surge and Affordability Questions as Prices Rise

Black Knight Financial Services took close-up looks at both home affordability and the recent surge in cash-out refinancing in its new Mortgage Monitor released on Monday. The publication ...

MND NewsWire - 12:13PM

Construction Spending Rises Less Than Expected

Construction spending scrambled back into positive territory by a tiny bit in December, gaining 0.1 percent from November's level to an estimated seasonally adjusted annual rate of ...

Pipeline Press - 8:34AM

Events and Training; FDIC Enforcement Actions; FHA/VA Changes; Ginnie Issuance

February already? Ah, Valentine's Day - remember as a kid when your classmates would hand out a 5 word card to every classmate and you received 20 pieces of candy? Those were the days; ...

Latest Video

Q4 GDP tracking lower at 0.5%

Friday's decline still a drag on Treasurys

Big week for economic data: Liesman

More News from 'Around the Web'

Market Watch - 2:49PM
Banks made corporate, commercial real estate tougher to get, Fed survey finds
CNBC - 11:52AM
A month of fear, and a record for bonds
Reuters - 10:18AM
U.S. consumer spending flat; savings at three-year high
www.bkfs.com - 10:18AM
Black Knight's December Mortgage Monitor: Home Affordability Still Better than Pre-Bubble Average
www.realtor.com - 10:17AM
First-Time Home Buyers: The New Elite?
CNBC - 10:15AM
Dec. construction spending barely rises
CNBC - 10:15AM
ISM manufacturing index hits 48.2 in Jan.; Construction spending up 0.1% in Dec.
Bloomberg - 10:15AM
Stephen Ross: Real Estate Been a Very Good Asset
www.freddiemac.com - 8:28AM
Electronic Loan Documents Encourage Efficiency, Ease Anxiety
CNBC - 8:28AM
US Treasury curve flattens as oil prices fall
www.realtor.com - 8:28AM
The 20 Hottest U.S. Real Estate Markets in January 2016
Bloomberg - 12:17AM
Global Bond Yields Fall to One-Year Low as Japan Renews Records
Fannie Mae - 12:16AM
Fannie Mae Releases December 2015 Monthly Summary
CNBC - 12:14AM
Brooklyn property sells for $3K per sq. foot
www.builderonline.com - 12:14AM
In Bay Area, Millennials Value Homeownership More than Generation X

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.80%

+0.02

15 Yr FRM

3.09%

+0.00

FHA 30 Year Fixed

3.45%

-0.05

Jumbo 30 Year Fixed

3.62%

+0.01

5/1 Yr ARM

3.06%

-0.02

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

4.02%

0.40

-0.04

15 Yr. Fixed

3.28%

0.37

-0.01

30 Yr. Jumbo

3.89%

0.25

-0.04

30 Yr. FHA

3.83%

0.38

-0.03

5/1 ARM

3.09%

0.34

-0.11

Freddie Mac **

30 Yr. Fixed

3.79%

0.60

-0.02

15 Yr. Fixed

3.07%

0.50

-0.03

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.90%

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

101-25

-0-07

30YR FNMA 3.5

104-15

-0-06

30YR GNMA 3.0

102-25

-0-07

30YR GNMA 3.5

105-04

-0-03

15YR FNMA 3.0

104-03

-0-02

15YR FNMA 2.5

102-04

-0-02

Treasuries

Yield

Change

2 YR

0.7974%

+0.0158

5 YR

1.3669%

+0.0324

10 YR

1.9520%

+0.0276

30 YR

2.7640%

+0.0172

Prices as of: 2/1/2016 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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