Mortgage Rates at Crossroads Ahead of Jobs Report; Credit Availability Flat; Does Pre-Buy Counseling Matter?

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30 Year Fixed

                                                                3.73%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.02%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.83%
                                                                  
                                                                -0.0051

FNMA 30YR 3.5

                                                                104.64
                                                                  
                                                                +0.11

FNMA 15YR 2.5

                                                                104.19
                                                                  
                                                                +0.03

View Today's Rates

Thursday March 3, 2016

Mortgage Rate Watch - 4:31PM

Mortgage Rates at Crossroads Ahead of Jobs Report

Mortgage rates began the day slightly higher, on average, but managed to make it back in line with yesterday's levels by the afternoon. Some lenders are in slightly better shape. Some ...

MND NewsWire - 12:49PM

Does Homeownership Counseling Make a Difference?

Freddie Mac and Fannie Mae have long advocated for homebuyer education but as Freddie Mac points out in this month's edition of Insight and Outlook, it has been surprisingly difficult ...

MND NewsWire - 9:58AM

Offsetting Gains and Losses in Underwriting Guidelines in Feb

Any loosening of credit access in February was offset by tightening by other programs the Mortgage Bankers Association (MBA) said on Thursday. Consequently the Association's Mortgage ...

MBS Commentary - 8:31AM

MBS Day Ahead: Data Could Confirm New, Painful Theme For Bonds

Let's not overcomplicate things too much when it comes to the 2016 bond market rally. In fact, let's move in the other direction for a moment and consider that things could potentially ...

Latest Video

The return of home flipping?

Jamie Dimon: Negative rates not in the cards

Weekly jobless claims up 6,000 to 278,000

More News from 'Around the Web'

CNBC - 3:25PM
Jobs report more critical than usual
Reuters - 12:33PM
Fed's Kaplan calls for patience on raising U.S. interest rates
Market Watch - 12:31PM
Two-year German yield tumbles to all-time low
CNBC - 10:31AM
Factory orders up 1.6% in Jan.
CNBC - 10:14AM
ISM non-manufacturing rises in Feb.
www.corelogic.com - 8:48AM
CoreLogic Reaches Milestone With Expanded National Parcel Boundary Coverage
Reuters - 8:48AM
U.S. jobless claims rise, trend points to firming labor market
Reuters - 8:48AM
U.S. fourth productivity revised to show a less steep decline

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.73%

+0.00

15 Yr FRM

3.02%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.57%

+0.00

5/1 Yr ARM

3.02%

-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

3.83%

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

3.64%

0.50

+0.02

15 Yr. Fixed

2.94%

0.50

+0.01

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.84%

0.50

+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

102.23

+0.11

30YR FNMA 3.5

104.64

+0.11

30YR GNMA 3.0

103.22

+0.16

30YR GNMA 3.5

105.33

+0.05

15YR FNMA 3.0

104.19

+0.03

15YR FNMA 2.5

102.38

+0.02

Treasuries

Yield

Change

2 YR

0.8492%

+0.0041

5 YR

1.3394%

+0.0018

10 YR

1.8320%

-0.0051

30 YR

2.6549%

-0.0226

Prices as of: 3/3/2016 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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