Cash-Out Refis at 7-Year High; Foreclosure Pace Normalizing; Home Price Attitudes Shifting?

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30 Year Fixed

                                                                3.73%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.02%
                                                                  
                                                                -0.03

10YR Treasury

                                                                1.83%
                                                                  
                                                                -0.0735

FNMA 30YR 3.5

                                                                104.55
                                                                  
                                                                +0.16

FNMA 15YR 2.5

                                                                104.08
                                                                  
                                                                +0.06

View Today's Rates

Tuesday March 8, 2016

Mortgage Rate Watch - 4:46PM

Mortgage Rates Regain Some Ground

Mortgage rates moved lower today, regaining a good amount of the ground lost over the past few days. The average lender rate sheet is back in line with those seen last Wednesday. While ...

MND NewsWire - 11:52AM

Market Clearing Foreclosures at Close to Normal Rate

The national foreclosure inventory dropped by about a quarter year over year, bringing the number of homes in the process of foreclosure at the end of January to 456,000 units from ...

MND NewsWire - 11:36AM

Home Price Expectations Wane in Fannie Mae Survey

The most dramatic change in responses to Fannie Mae's most recent National Housing Survey was in the net number of Americans who think home prices are going to continue to rise . That ...

MND NewsWire - 11:28AM

Cash-out Refinances at Seven-Year High

Even as the share of originations going for refinancing began to flag in the fourth quarter of 2015 the cash-out share of those refinancing increased. Freddie Mac said that transactions ...

Latest Video

Have you refinanced yet?

Santelli Exchange: 'March Madness'

Santelli: Yields see double digit drops

More News from 'Around the Web'

CNBC - 4:44PM
Student debt load bad and getting worse
Bloomberg - 4:44PM
LendingClub CEO: Not Seeing Broad Credit Deterioration
eyeonhousing.org - 4:32PM
Apartment Absorptions Remain Strong as Completions Rise
Market Watch - 4:32PM
The Fed: Labor market not as strong as unemployment rate suggests, former Fed official says
CNBC - 4:32PM
Credit card debt surges to Great Recession levels
www.gallup.com - 3:29PM
Orlando Tops Largest U.S. Metro Areas in Job Creation
CNBC - 3:29PM
Student debt load growing, so are delinquencies
Calculated Risk Blog - 1:48PM
Demographics: Renting vs. Owning
www.realtor.com - 1:47PM
The Online Mortgage Has Finally Arrived
Market Watch - 11:42AM
Economic Preview: 5 things to watch for at Thursday's key ECB meeting
Calculated Risk Blog - 10:57AM
Phoenix Real Estate in February: Sales down 3%, Inventory down slightly
CNBC - 10:57AM
Why aren't you refinancing your mortgage?
CNBC - 10:03AM
Dollar calls the bond market's bluff?
CNBC - 10:03AM
BlackRock: Here's the reason oil is rallying
www.gallup.com - 9:23AM
Economic Confidence Index in U.S. Steady at -11
CNBC - 9:19AM
Five steps to happy house hunting
www.corelogic.com - 9:19AM
CoreLogic Reports 38,000 Completed Foreclosures in January 2016

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.73%

-0.04

15 Yr FRM

3.02%

-0.03

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.57%

-0.04

5/1 Yr ARM

3.00%

-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%

0.39

-0.02

15 Yr. Fixed

3.13%

0.31

+0.01

30 Yr. Jumbo

3.75%

0.31

-0.05

30 Yr. FHA

3.67%

0.40

-0.05

5/1 ARM

3.02%

0.31

-0.05

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

102.13

+0.27

30YR FNMA 3.5

104.55

+0.16

30YR GNMA 3.0

103.03

+0.19

30YR GNMA 3.5

105.27

+0.13

15YR FNMA 3.0

104.08

+0.06

15YR FNMA 2.5

102.27

+0.09

Treasuries

Yield

Change

2 YR

0.8699%

-0.0398

5 YR

1.3432%

-0.0721

10 YR

1.8322%

-0.0735

30 YR

2.6379%

-0.0686

Prices as of: 3/8/2016 4:28PM 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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