Daily Newsletter: Wednesday March 2, 2016

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30 Year Fixed

                                                                3.73%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.02%
                                                                  
                                                                +0.03

10YR Treasury

                                                                1.84%
                                                                  
                                                                +0.0087

FNMA 30YR 3.5

                                                                104-17
                                                                  
                                                                -0-01

FNMA 15YR 2.5

                                                                104-05
                                                                  
                                                                +0-00

View Today's Rates

Wednesday March 2, 2016

Mortgage Rate Watch - 4:38PM

Mortgage Rates Pushing Important Boundary

Mortgage rates continued farther into to the highest levels since early February today. The current territory is important in the bigger picture, as it has historically acted as a line ...

MND NewsWire - 1:46PM

Distressed Sales Slow to One in Ten

Only slightly more than 10 percent of all home sales in December were distressed properties. CoreLogic said on Wednesday that sales of lender owned real estate (REO) accounted for 6 ...

MND NewsWire - 1:45PM

Multi-Family Expenditures Hit Record Levels

The National Association of Home Builders (NAHB) took an in-depth look at one aspect of the Census Bureau's report on January construction expenditures which was released on Tuesday ...

MND NewsWire - 9:50AM

Applications Ignore Lowering Rates

Despite slightly lower interest rates mortgage applications slowed during the week ended February 26. The Mortgage Bankers Association's (MBA) said mortgage applications were down 4 ...

Latest Video

Santelli: Waiting on jobs Friday

Recession fears fading after ADP data

Santelli: Rates up, data improves

More News from 'Around the Web'

The Atlantic - 5:11PM
America's Go-To Economic Indicator Is Blunt and Obsolete
Reuters - 2:56PM
Fed's Williams: View on right number of rate hikes little changed
CNBC - 2:55PM
Investors have a change of heart on debt
Calculated Risk Blog - 2:52PM
Fed's Beige Book: "Economic activity expanded in most Districts"
CNBC - 12:36PM
Pro Insight: Santelli talks with Peter Boockvar
Reuters - 12:36PM
Fed's Williams says 'gradual' is key message on rate hikes
Calculated Risk Blog - 12:35PM
Zillow Forecast: Expect "Modestly Slower Growth" in January for the Case-Shiller Indexes than in December
CNBC - 12:35PM
What $1 million buys you in global real estate
CNBC - 10:48AM
The best way to bet on houses right now
Bloomberg - 10:38AM
BofA Sees Big U.S. Corporate-Bond Rally Despite Investor Worry
CNBC - 8:40AM
Services surge gives boost to jobs picture: ADP
CNBC - 8:21AM
Mortgage applications fall 4.8%, despite rate drop

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.73%

+0.03

15 Yr FRM

3.02%

+0.03

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.57%

+0.03

5/1 Yr ARM

3.03%

+0.03

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

3.83%

0.36

-0.08

15 Yr. Fixed

3.11%

0.31

-0.07

30 Yr. Jumbo

3.74%

0.26

-0.02

30 Yr. FHA

3.67%

0.34

-0.05

5/1 ARM

2.92%

0.32

-0.04

Freddie Mac **

30 Yr. Fixed

3.62%

0.60

-0.03

15 Yr. Fixed

2.93%

0.50

-0.02

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.79%

0.50

-0.06

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

102-04

-0-02

30YR FNMA 3.5

104-17

-0-01

30YR GNMA 3.0

103-02

-0-02

30YR GNMA 3.5

105-09

+0-01

15YR FNMA 3.0

104-05

+0-00

15YR FNMA 2.5

102-12

0-00

Treasuries

Yield

Change

2 YR

0.8451%

-0.0039

5 YR

1.3376%

+0.0180

10 YR

1.8371%

+0.0087

30 YR

2.6775%

-0.0226

Prices as of: 3/2/2016 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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