Daily Newsletter: Monday March 3, 2014

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30 Year Fixed

                                                                4.33%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.37%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.60%
                                                                  
                                                                -0.0535

FNMA 30YR 3.5

                                                                101-22
                                                                  
                                                                +0-10

FNMA 15YR 2.5

                                                                103-22
                                                                  
                                                                +0-05

View Today's Rates

Monday March 3, 2014

Mortgage Rate Watch - 4:09PM

Mortgage Rates Benefit From Geopolitical Tensions

Mortgage rates moved noticeably lower today, as investors sought the relative safety of bond markets in response to geopolitical tensions in Ukraine. The mortgage-backed-securities ...

MND NewsWire - 1:16PM

Private Residential Construction Spending Rose in January

The Census Bureau said today that construction put in place in January was at a seasonally adjusted annual rate of $943.1 billion, up 0.1 percent from December and 9.3 percent higher ...

Pipeline Press - 9:16AM

Freddie & Fortress Profits; Rates Continue Lower Due to Overseas Events

Zelman & Associates invites readers to join them for an informative conference call to discuss their outlook on the housing market and mortgage environment TODAY, Monday, March ...

MBS Commentary - 8:00AM

MBS Week Ahead: Jobs Report Collides with Geopolitical Risk

This week's calendar of economic data has a roughly average number of reports, but several of them are potent market movers. Friday's jobs report , of course, is the most important ...

Latest Video

Santelli Exchange: Digesting economic data

Possible outcomes for unrest in Ukraine

Buffett: We are not in a 'dangerous US fiscal situation'

More News from 'Around the Web'

Reuters - 4:58PM
JPMorgan pays $400 million to settle with Syncora over toxic loans
WSJ - 4:58PM
Why Were Some Emerging-Market Countries Hit Harder by Taper Talk?
blog.redfin.com - 4:58PM
What is a Pre-Sale Condo Anyway?
business.time.com - 4:57PM
What Ukraine Means for the Markets
WSJ - 2:46PM
Obamacare Effects Account for Most of Income, Spending Increases
CNBC - 1:03PM
What is out of whack with housing? (Not the snow)
National Housing Conference - 11:38AM
Why housing needs a bigger boat for federal funding
Market Watch - 10:29AM
January construction spending rises 0.1%
Reuters - 10:29AM
U.S. manufacturing growth accelerates in February - ISM
Reuters - 10:26AM
PNC subpoenaed over mortgage lending practices
www.gallup.com - 9:35AM
U.S. Consumer Spending Rebounds in February
Reuters - 9:29AM
U.S. consumer spending rises in January
Reuters - 9:27AM
Investor Fairholme wants governance actions at Fannie, Freddie
CNBC - 9:21AM
US Manufacturing Purchasing Managers Index at 57.1 vs. 56.6 estimate
Bloomberg - 7:59AM
TARP Funds Demolish Homes in Detroit to Lift Prices: Mortgages
Bloomberg - 7:55AM
PNC Says It Was Served Subpoena on From DOJ, CFPB - Bloomberg
Fannie Mae - 7:54AM
Statements: Philip A. Laskawy, Chairman, Fannie Mae
CNBC - 7:52AM
US bonds rise on 'safe haven' bid

Today's Comments

	MBS Live Chat - 2:05PM "Started talking about Russia off topic and it turned in to a rate conversation. I would be careful of floating past today or tmrw. The problem with geopolitical moves is the bond market will correct far quicker than you can and traders will soon start positioning themselves for the economic releases..."
	MBS Live Chat - 2:06PM "the other problem with it is the geopolical issue can be solved at any time, unlike an economic report that is released at a precise time..."
	MBS Live Chat - 2:11PM "Who is well versed in delayed financing? Putting together a brief presentation and do not want to reinvent the wheel. Any challenges you've seen?..."
	MBS Live Chat - 2:12PM "jpm - i would think the biggest hurdle might be the requirement that borrowed funds be paid back..."
	MBS Live Chat - 2:36PM "MG-With all of the employment data that comes out this week starting with ADP on Wed, how much continued weight will be given to developments in Ukraine do you think? I guess what I'm asking is that if we see stronger employment data this week, capped off with NFP on Fri, will we see bonds really spike..."
	MBS Live Chat - 2:36PM "2.8 or 2.9 would be a pretty aggressive swing from here...."
	MBS Live Chat - 2:37PM "excellent question. I think the first snappy move would only get us half-way there regardless of Ukraine..."
	MBS Live Chat - 2:39PM "The markets have seemed pretty comfy when the 10 year is in the 2.70-2.75 range. Once Ukraine calms down I'd expect us to find our way back there...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.33%

-0.05

15 Yr FRM

3.37%

-0.03

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.20%

-0.04

5/1 Yr ARM

3.26%

+0.03

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.61%

1.06

-0.10

30 Yr. Fixed

4.48%

1.36

-0.10

MBA **

30 Yr. Fixed

4.53%

0.31

+0.03

15 Yr. Fixed

3.56%

0.28

+0.01

30 Yr. Jumbo

4.47%

0.13

+0.02

30 Yr. FHA

4.17%

0.20

+0.01

5/1 ARM

3.17%

0.31

-0.03

Freddie Mac **

30 Yr. Fixed

4.37%

0.70

+0.04

15 Yr. Fixed

3.39%

0.70

+0.04

1 Yr. ARM

2.52%

0.40

-0.05

5/1 Yr. ARM

3.05%

0.50

-0.03

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

97-16

+0-11

30YR FNMA 3.5

101-22

+0-10

30YR GNMA 3.0

99-12

+0-10

30YR GNMA 3.5

103-05

+0-08

15YR FNMA 3.0

103-22

+0-05

15YR FNMA 2.5

100-24

+0-08

Treasuries

Yield

Change

2 YR

0.3052%

-0.0196

5 YR

1.4576%

-0.0522

10 YR

2.6030%

-0.0535

30 YR

3.5551%

-0.0339

Prices as of: 3/3/2014 4:29PM 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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