Daily Newsletter: Wednesday March 9, 2016

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30 Year Fixed

                                                                3.78%
                                                                  
                                                                +0.05

15 Year Fixed

                                                                3.06%
                                                                  
                                                                +0.04

10YR Treasury

                                                                1.88%
                                                                  
                                                                +0.0508

FNMA 30YR 3.5

                                                                104-12
                                                                  
                                                                -0-06

FNMA 15YR 2.5

                                                                104-01
                                                                  
                                                                -0-02

View Today's Rates

Wednesday March 9, 2016

Mortgage Rate Watch - 4:43PM

Rates Snap Back to 1-Month Highs

Mortgage rates bounced higher today, moving all the way back to the highest levels since early February. While that sounds quite dramatic, the same could have been said for the day ...

Pipeline Press - 9:08AM

CFPB Invites Complaints About New Set of Lenders; Compliance Issues Hit Capital Markets

Regulators don't like the unregulated, and in what some would term, "the CFPB inviting more into its boat to be bashed with oars," it announced it is accepting complaints from consumers ...

MND NewsWire - 8:14AM

Purchase Loans Drive Small Gain in Application Volume

Mortgage application activity during the week ended March 4 was, at best, lackluster with a small gain in purchase mortgage applications offsetting a small reduction in refinancing ...

MBS Commentary - 8:58AM

MBS Day Ahead: At Risk of Confirming Yesterday's Fears

Yesterday's fears: that the gains were just a byproduct of trading positions Particularly, bond bears were covering bets on higher rates Traders getting neutral ahead of tomorrow's ...

Latest Video

Fisher: We have feckless fiscal authorities

Europe awaits Thursday ECB meeting

Crude oil key to everything: Jeffrey Gundlach

More News from 'Around the Web'

Bloomberg - 5:10PM
Online Lender SoFi Starts Hedge Fund to Invest in Its Own Loans
Market Watch - 5:10PM
Home buyers may have to wait a bit longer for market to cool, economist warns
Market Watch - 1:56PM
In One Chart: Chart shows how bad negative rates have been for stock markets
CNN - 1:56PM
Billionaire to central banks: We don't want negative rates
Bloomberg - 1:56PM
Goldman Says Policy Divergence Set to Expand as Treasuries Fall
CNBC - 12:12PM
Guess who's moving to the 'burbs? Millennials, really
Bloomberg - 12:11PM
Bonds More Primed for Bear Market Than Equities
CNBC - 12:11PM
Oil rises on plans to discuss output
CNBC - 12:08PM
Why retiring Baby Boomers should downsize
www.wellsfargo.com - 12:08PM
Wells Fargo commits $5 million to boost Philadelphia homeownership
Market Watch - 12:03PM
Disappointment reigns as ECB's QE celebrates anniversary
CNN - 10:13AM
America's 7-year bull market: Can it last?
Reuters - 10:13AM
Markets betting on near-zero interest rates for another decade
Calculated Risk Blog - 10:12AM
Update: U.S. Heavy Truck Sales
CNBC - 10:11AM
Wholesale inventories rise in Jan.
Reuters - 8:08AM
Futures rise as crude prices rebound
Market Watch - 8:08AM
Jeff Gundlach tells this hard-partying market it's time to sober up
Market Watch - 8:06AM
2yr vs 10yr Treasuries Narrowest Since 2009 and What That Means
Market Watch - 8:05AM
The Wall Street Journal: Online lender SoFi to run its own hedge fund

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.78%

+0.05

15 Yr FRM

3.06%

+0.04

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.60%

+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%

0.39

-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

101-28

-0-08

30YR FNMA 3.5

104-12

-0-06

30YR GNMA 3.0

102-23

-0-10

30YR GNMA 3.5

105-00

-0-09

15YR FNMA 3.0

104-01

-0-02

15YR FNMA 2.5

102-04

-0-05

Treasuries

Yield

Change

2 YR

0.8941%

+0.0242

5 YR

1.3860%

+0.0428

10 YR

1.8830%

+0.0508

30 YR

2.6690%

+0.0311

Prices as of: 3/9/2016 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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