Rates Inch Further Into 1-Year Lows; Refi Apps Spike; Why So Many Have Been So Wrong

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30 Year Fixed

                                                                3.61%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.95%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.68%
                                                                  
                                                                -0.0460

FNMA 30YR 3.5

                                                                104.95
                                                                  
                                                                -0.06

FNMA 15YR 2.5

                                                                104.63
                                                                  
                                                                +0.13

View Today's Rates

Wednesday February 10, 2016

Mortgage Rate Watch - 5:28PM

Mortgage Rates Inch Further Into 1-Year Lows

Mortgage rates barely budged today, but did manage to gain just a bit of ground. That means another 1-year low, technically, although many lenders are quoting the exact some conventional ...

MND NewsWire - 3:18PM

HUD Budget Targets Ending Homelessness among Families

The Department of Housing and Urban Development (HUD) said on Tuesday that its proposed budget for Fiscal 2017 will include $48.9 billion in gross discretionary funding and $11.3 billion ...

MND NewsWire - 9:57AM

Refi Demand Surges Amid Falling Rates -MBA

Average mortgage rates declined during the week ended February 5, in at least one case to the lowest level in nearly three years. In response there was a surge of mortgage applications ...

MBS Commentary - 7:34AM

MBS Day Ahead: Why So Many People Have Been So Wrong

Who has the mic? Who's wielding the pen? Whose opinion are you digesting as you build your sense of what "they" think is going to happen? If you're familiar with the adage about history ...

Latest Video

What did Yellen say?

Is US economy in recession?

Negative rates possible in US: Yellen

More News from 'Around the Web'

CNN - 4:42PM
4 takeaways from Janet Yellen's testimony
Reuters - 2:40PM
U.S. government posts $55 billion budget surplus in January
Market Watch - 12:54PM
The Fed: Yellen says Fed isn't sure whether it's legal to adopt negative rates
Bloomberg - 12:53PM
Federal Reserve's Rate Normalization Impacted by ECB, BOJ Easing
freddiemac.mwnewsroom.com - 12:53PM
Freddie Mac Expects Multifamily Market to Remain Strong in 2016
CNBC - 10:22AM
Treasury yields climb as stocks recover, Yellen eyed
CNBC - 10:18AM
BlackRock: Negative rates 'new toy'
Calculated Risk Blog - 10:17AM
Yellen: "Financial conditions in the United States have recently become less supportive of growth"
CNBC - 10:17AM
Wealthy borrowers behind 9.3% jump in new mortgages

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.61%

-0.01

15 Yr FRM

2.95%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.45%

+0.00

5/1 Yr ARM

2.88%

-0.01

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

3.97%

0.41

-0.05

15 Yr. Fixed

3.22%

0.37

-0.06

30 Yr. Jumbo

3.84%

0.26

-0.05

30 Yr. FHA

3.80%

0.35

-0.03

5/1 ARM

3.00%

0.34

-0.09

Freddie Mac **

30 Yr. Fixed

3.72%

0.60

-0.07

15 Yr. Fixed

3.01%

0.50

-0.06

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.85%

0.40

-0.05

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

102.78

+0.05

30YR FNMA 3.5

104.95

-0.06

30YR GNMA 3.0

103.75

+0.25

30YR GNMA 3.5

105.55

+0.13

15YR FNMA 3.0

104.63

+0.13

15YR FNMA 2.5

102.77

+0.14

Treasuries

Yield

Change

2 YR

0.6940%

+0.0039

5 YR

1.1302%

-0.0211

10 YR

1.6800%

-0.0460

30 YR

2.4984%

-0.0516

Prices as of: 2/10/2016 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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