Weekly Newsletter: CFPB Fines Lender for Fee Splitting; Strong Week For Rates Overall; Weather Affecting Home Sales?

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30 Year Fixed
4.38% +0.03
15 Year Fixed
3.40% +0.01
10YR Treasury
2.66% +0.0106
FNMA 30YR 3.5
101.38 -0.08
FNMA 15YR 2.5
103.52 -0.03
View Today’s Rates
Friday February 28, 2014
MND NewsWire – 2/24
CFPB Fines Lender for Fee Splitting
A Connecticut lender has been fined $83,000 by the Consumer Financial Protection Bureau (CFPB) for violating Real Estate Settlement Procedures Act (RESPA) rules. 1 st Alliance Lending …
Mortgage Rate Watch – 2/28
Mortgage Rates Lose Some Ground After Stronger Data
Mortgage rates rose slightly today ending a strong 3-day move lower. The weakness followed this morning’s economic data, but the bond markets that indirectly influence rates were already …
MND NewsWire – 2/28
Weather Continues to Hamper Home Sales
Pending sales changed little from December to January the National Association of Realtors® (NAR) said today. That is not surprising as the bad weather NAR blamed for the lackluster …
Pipeline Press – 2/28
Realtor Lawsuit; Ocwen in the Hotseat – Who is William Erby? Bank Mergers Continue, Shrinking Numbers
It has been quite a week, visiting mortgage and banking folks in California, Kansas, and now Texas. There are a lot of good, experienced personnel out there, and a lot of optimists …

Latest Video


Fed won’t raise rates until 2015: Pro

Yellen: No intention of selling mortgage-backed securities

Housing at critical juncture: Strategist

More News from ‘Around the Web’

32323959

Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.38% +0.03
15 Yr FRM 3.40% +0.01
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 4.24% +0.02
5/1 Yr ARM 3.23% +0.00

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.61% 1.06 -0.10
30 Yr. Fixed 4.48% 1.36 -0.10
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 97.14 -0.11
30YR FNMA 3.5 101.38 -0.08
30YR GNMA 3.0 99.05 -0.08
30YR GNMA 3.5 102.89 -0.05
15YR FNMA 3.0 103.52 -0.03
15YR FNMA 2.5 100.50 -0.08
Treasuries hdr_arrow.png
Yield Change
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
TR_Eikon_Email.png
2 YR 0.3248% +0.0003
5 YR 1.5098% +0.0228
10 YR 2.6565% +0.0106
30 YR 3.5890% -0.0068
Prices as of: 2/28/2014 4:30PM EST

23623981

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.
© 2014 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031
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Weekly Rate Report: Strong Week For Mortgage Rates; Important Data Coming Up

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weeklyrateheader.png
30 Year Fixed
4.38% +0.03
15 Year Fixed
3.40% +0.01
10YR Treasury
2.66% +0.0106
FNMA 30YR 3.5
101.38 -0.08
FNMA 15YR 2.5
103.52 -0.03
View Today’s Rates
Strong Week For Mortgage Rates; Important Data Coming Up
February 28, 2014
Market Summary
Mortgage rates moved much lower this week, relative to a fairly narrow range in February. Tuesday through Thursday saw the strongest gains as the trading dynamics around month-end made helped bond markets. Geopolitical tensions in Ukraine may have contributed as well.

In terms of the most prevalently quoted conforming 30yr fixed rate for ideal scenarios (best-execution), 4.375% dominated most of the week though 4.5% was still viable earlier on.

It’s tempting to buy in to market movements that are as seemingly strong, as this week’s have been. Rates fell 0.14% on average during the first four days of the week and only gave back 0.03% of that by the end. In the bigger picture, however, bond markets are merely buying time, moving back and forth in relatively narrow ranges before making a more committed decision. Once the incoming economic data can rise above being taken with a grain of salt due to “the weather,” faster-paced movements will probably resume.

Matthew Graham, Chief Operating Officer, Mortgage News Daily

30 Year Fixed Rate Mortgage
28?w=360
Week in Review
Rates shown below are based on the 30 Year Fixed Rate Mortgage

Beginning Average: 4.49%
Ending Average: 4.38%
Weekly Change: -0.11%
Yearly Change: +0.91%

Friday, February 21, 2014 : 4.49% (+0.02%)
Mortgage rates moved slightly higher today despite improvements in underlying markets into the afternoon. Bond markets including MBS (the ‘mortgage-backed-securities’ that most directly affect mortgage rates) were in weaker shape this morning, resulting in higher rates on the initial round of rate sheets. As market conditions improved for bond markets into the afternoon, many lenders released positively revised rate sheets, but in most cases the improvements weren’t enough to get back to yesterday’s latest levels. On average, rates rose 0.02% when adjusted for changes in closing cost and 4.5% remains the most prevalently quoted 30yr fixed rate for the very best borrower scenarios (best-execution).

More detail: “Mortgage Rates Slightly Higher Despite Strong Afternoon”

Monday, February 24, 2014 : 4.49% (+0.00%)
Mortgage rates moved sideways today, reflecting the ongoing indecision in the bond markets that underlie day-to-day rate movements. The mortgage-backed-securities (MBS) that most directly affect mortgage rate movement spent some time in both positive and negative territory. Rate sheets themselves were slightly stronger and weaker as well, depending on the lender. On average, however, rates were unchanged from Friday’s latest levels.

As such, 4.5% remains the most prevalently quoted 30yr fixed rate for the very best borrower scenarios (best-execution). Some lenders may be able to offer 4.375%, but closing costs would be higher in most cases.

More detail: “Mortgage Rates Unchanged to Start New Week”

Tuesday, February 25, 2014 : 4.41% (-0.08%)
Mortgage rates fell noticeably today, after being pushed up against the highest levels in nearly a month yesterday. In that sense, the positivity in the underlying markets allowed rates to breathe a sigh of relief, quickly returning to levels in line with last Tuesday’s. When adjusted for changes in closing costs, the improvement was as much as 0.08% in some cases. Some borrowers may experience that in the form of significantly lower closing costs (no change in rate) while others may see an eighth of a point lower in rate for the same (or slightly higher) closing costs. After today, we’re much closer to 4.375% being the most prevalently quoted 30yr fixed rate for the very best borrower scenarios (best-execution), though 4.5% shares much of that spotlight.

More detail: “Mortgage Rates Improve Significantly After Playing Defense”

Wednesday, February 26, 2014 : 4.38% (-0.03%)
Mortgage rates built on yesterday’s strength and continued lower today. After lenders released rate sheet improvements in the afternoon, the average offering was right in line with the low rates seen on February 13th or 6th. While Monday’s run up to 1-month highs briefly shifted the most prevalently quoted rates an eighth of a percentage point higher, the past 2 days of strength brings us back to a 4.375% Conforming 30yr fixed rate for the very best borrower scenarios (best-execution). Some instances of 4.5% may still be viable, but buying down to 4.25% becomes increasingly attractive if we hold here or move lower.

More detail: “Mortgage Rates Drop to 2-Week Lows”

Thursday, February 27, 2014 : 4.35% (-0.03%)
Mortgage rates gained even more ground today, and are now getting close to early February’s levels, which were the lowest since November. Much of the positivity may owe itself to temporary factors including geopolitical turmoil and month-end trading dynamics in the bond markets that most directly inform mortgage rates. After moving down to 4.375% yesterday, today’s most-prevalently quoted rate for the best scenarios (best-execution) remains unchanged, but closing costs will be slightly lower. When adjusted for changes in closing cost, rates would be down 0.03% on average.

More detail: “Mortgage Rates Continue to New 2-Week Lows”

Friday, February 28, 2014 : 4.38% (+0.03%)
Mortgage rates rose slightly today ending a strong 3-day move lower. The weakness followed this morning’s economic data, but the bond markets that indirectly influence rates were already losing ground during overnight trading. The implication is that the additional weakness brought about by the economic data was marginal, and the overall increase in rates has been livable. In most cases, the only effects will be on the closing costs for the same rates quoted yesterday. For the best-qualified borrowers seeking a conforming 30yr fixed, 4.375% remains today’s most-prevalently quoted rate (best-execution).

More detail: “Mortgage Rates Lose Some Ground After Stronger Data”

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Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.38% +0.03
15 Yr FRM 3.40% +0.01
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 4.24% +0.02
5/1 Yr ARM 3.23% +0.00

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.61% 1.06 -0.10
30 Yr. Fixed 4.48% 1.36 -0.10
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 97.14 -0.11
30YR FNMA 3.5 101.38 -0.08
30YR GNMA 3.0 99.05 -0.08
30YR GNMA 3.5 102.89 -0.05
15YR FNMA 3.0 103.52 -0.03
15YR FNMA 2.5 100.50 -0.08
Treasuries hdr_arrow.png
Yield Change
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
2 YR 0.3248% +0.0003
5 YR 1.5098% +0.0228
10 YR 2.6565% +0.0106
30 YR 3.5890% -0.0068
Prices as of: 2/28/2014 4:30PM EST

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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 presented in this report are averages and are subject to change without notice.

© 2014 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

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MBS Commentary – MBS RECAP: Positive Reprices as Month-End Saves Afternoon

MBS RECAP: Positive Reprices as Month-End Saves Afternoon

Posted to: MBS Commentary
Friday, February 28, 2014 3:57 PM

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Month-end to the rescue! We’ve been talking about it all week and now the phenomenon (month-end buying) is a major contributor in bond markets’ ability to stem losses and bounce back today. Some of the weakness was in place from the overnight session while the rest followed this morning’s economic data–chiefly Chicago PMI. After that, a steady bid carried both Treasuries and MBS most of the way back to unchanged levels. Quite a few lenders repriced positively.

That leaves us somewhere between the mid-point and the stronger side of the recent range heading into…

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Daily Newsletter: Weather Continues to Hamper Home Sales; Rates End Winning Streak; Realtor Lawsuit

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30 Year Fixed
4.38% +0.03
15 Year Fixed
3.40% +0.01
10YR Treasury
2.66% +0.0106
FNMA 30YR 3.5
101.36 -0.09
FNMA 15YR 2.5
103.52 -0.03
View Today’s Rates
Friday February 28, 2014
MND NewsWire – 10:02AM
Weather Continues to Hamper Home Sales
Pending sales changed little from December to January the National Association of Realtors® (NAR) said today. That is not surprising as the bad weather NAR blamed for the lackluster …
Mortgage Rate Watch – 2:48PM
Mortgage Rates Lose Some Ground After Stronger Data
Mortgage rates rose slightly today ending a strong 3-day move lower. The weakness followed this morning’s economic data, but the bond markets that indirectly influence rates were already …
Pipeline Press – 9:42AM
Realtor Lawsuit; Ocwen in the Hotseat – Who is William Erby? Bank Mergers Continue, Shrinking Numbers
It has been quite a week, visiting mortgage and banking folks in California, Kansas, and now Texas. There are a lot of good, experienced personnel out there, and a lot of optimists …
MBS Commentary – 12:41PM
MBS MID-DAY: Weaker After Econ Data but Still in The Game
Bond markets went into the locker room after this morning’s econ data fairly discouraged, but not enough to give up. That was less obviously the case between 10 and 11am when MBS were …

Latest Video


Very bullish on housing: LaVorgna

The Week Ahead: Jobs report out Friday

Santelli: Traders watching markets & yield curves

More News from ‘Around the Web’

Today’s Comments

avatar.aspx MND NewsWire – 10:34AM
“It’s the weather, really? When sales were up in the northeast and down in the west. Look at the drop in the index since rates started rising last summer. It’s a pretty strong correlation….”
avatar.aspx MBS Live Chat – 12:13PM
“next week’s job forecasts are low….”
avatar.aspx MBS Live Chat – 12:32PM
“Will traders adjust their buying/selling over the next week in anticipation of those expected numbers?…”
avatar.aspx MBS Live Chat – 12:34PM
“not really. They already know about them. Bigger adjustment likely from “month-end” being over….”
avatar.aspx MBS Live Chat – 12:35PM
“ISM on Monday and ADP on Wednesday also more likely to cause adjustment than forecasts….”
avatar.aspx MBS Live Chat – 2:57PM
“had a customer tell me that “3.125% was all over the internet”…”
avatar.aspx MBS Live Chat – 2:59PM
“yeah, and UFOS and Bigfoot are all over the internet too…”
62445203

Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.38% +0.03
15 Yr FRM 3.40% +0.01
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 4.24% +0.02
5/1 Yr ARM 3.23% +0.00

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.61% 1.06 -0.10
30 Yr. Fixed 4.48% 1.36 -0.10
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 97.13 -0.13
30YR FNMA 3.5 101.36 -0.09
30YR GNMA 3.0 99.09 -0.03
30YR GNMA 3.5 102.88 -0.06
15YR FNMA 3.0 103.52 -0.03
15YR FNMA 2.5 100.50 -0.08
Treasuries hdr_arrow.png
Yield Change
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
TR_Eikon_Email.png
2 YR 0.3248% +0.0003
5 YR 1.5114% +0.0244
10 YR 2.6565% +0.0106
30 YR 3.5924% -0.0034
Prices as of: 2/28/2014 4:00PM EST

23623981

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.
© 2014 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031
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Daily Rate Update: Mortgage Rates Lose Some Ground After Stronger Data

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dailyrateheader.png
30 Year Fixed
4.38% +0.03
15 Year Fixed
3.40% +0.01
10YR Treasury
2.66% +0.0124
FNMA 30YR 3.5
101.34 -0.11
FNMA 15YR 2.5
103.50 -0.05
View Today’s Rates
Mortgage Rates Lose Some Ground After Stronger Data
February 28, 2014
Mortgage rates rose slightly today ending a strong 3-day move lower. The weakness followed this morning’s economic data, but the bond markets that indirectly influence rates were already losing ground during overnight trading. The implication is that the additional weakness brought about by the economic data was marginal, and the overall increase in rates has been livable. In most cases, the only effects will be on the closing costs for the same rates quoted yesterday. For the best-qualified borrowers seeking a conforming 30yr fixed, 4.375% remains today’s most-prevalently quoted rate (best-execution).

It’s tempting to buy in to market movements that are as seemingly strong as this week’s have been. Rates fell 0.14% on average during the first four days of the week and only gave back 0.03% of that by the end. In the bigger picture, however, bond markets are merely buying time, moving back and forth in relatively narrow ranges before making a more committed decision. Once the incoming economic data can rise about being taken with a grain of salt due to “the weather,” faster-paced movements will probably resume.


Loan Originator Perspectives

“We got mixed data this morning. GDP and Pending Home Sales came in weaker than expected with weather being the blame, while Manufacturing data out of Chicago and Consumer Sentiment didn’t seem to be impacted by weather coming in better than expected. Go figure…Following the data, lenders did worsen rate sheets this morning, but as the day has progressed, MBS have managed to regain much of the losses. If you floated through today, I would keep floating until Monday.” –Victor Burek, Open Mortgage

“Getting a little scary and floating is dangerous. Next week is huge and will set the tone for the rest of the year I believe. We’ll see what happens but higher rates can’t help housing.” –Michael Owens, VP of Mortgage Lending at Guaranteed Rate, Inc NMLS # 107434.

“Weak morning for MBS today following economic news, but we regained the losses this afternoon. It’s not surprising to see markets consolidate at lower levels, and the 10 year Treasury held below 2.7% yield, which is encouraging. Next week’s NFP report on Friday is the marquee event of the week, any movement between now and then is only a precursor to it. Good day to talk pricing with your originator to see where you stand, and if not today, need to do so early next week.” –Ted Rood, Senior Mortgage Planner, Wintrust Mortgage

“If you are locking in the next week, Lock ’em up now. Next week’s NFP is a HUGE data point with major significance on markets. I believe we’ll see rates creep upward until then, as investors protect themselves. We’ve seen a lot of improvement, take your gains and be happy.” –Brent Borcherding, Capital M Lending


Today’s Best-Execution Rates

  • 30YR FIXED – 4.375%
  • FHA/VA – 3.75%
  • 15 YEAR FIXED – 3.375%
  • 5 YEAR ARMS – 3.0-3.50% depending on the lender

Ongoing Lock/Float Considerations

  • Rates moved gradually higher into the end of 2013 and reversed course with a nice move lower in January 2014, helped along by a weak employment report on January 10th. This report raised doubts as to whether or not the Fed would continue tapering asset purchases at the same pace.
  • The Fed has stayed the course on their $10bln per meeting reduction in bond buying, though rates got an ostensible push lower from weakness in stocks and emerging markets. As soon as those moves ran their course, the rate rally bottomed out as well. That bounce has been as low as rates have gone so far this year. Now we’re tentatively waiting for the next move.
  • Because of the unseasonably cold/snowy weather across much of the country, market participants are hesitant to stray too far from the narrow range carved out during February (because it clouds the validity of the economic data).
  • As soon as investors can have more confidence that the incoming data is an accurate representation of economic conditions, we should see more willingness for rates to react accordingly, with weaker data helping keep rates lower and stronger data pushing them back toward January’s highs.
  • (As always, please keep in mind that our Best-Execution rate always pertains to a completely ideal scenario. There are many reasons a quoted rate may differ from our average rates, and in those cases, assuming you’re following along on a day to day basis, simply use the Best-Ex levels we quote as a baseline to track potential movement in your quoted rate).

30 Year Fixed Rate Mortgage
28?w=360
15 Year Fixed Rate Mortgage
28?w=360&p=15YRFRM

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Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.38% +0.03
15 Yr FRM 3.40% +0.01
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 4.24% +0.02
5/1 Yr ARM 3.23% +0.00

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.61% 1.06 -0.10
30 Yr. Fixed 4.48% 1.36 -0.10
MBA ** hdr_arrow.png
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 ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 97.09 -0.16
30YR FNMA 3.5 101.34 -0.11
30YR GNMA 3.0 99.06 -0.06
30YR GNMA 3.5 102.84 -0.09
15YR FNMA 3.0 103.50 -0.05
15YR FNMA 2.5 100.50 -0.08
Treasuries hdr_arrow.png
Yield Change
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
2 YR 0.3248% +0.0003
5 YR 1.5114% +0.0244
10 YR 2.6583% +0.0124
30 YR 3.5958% +0.0000
Prices as of: 2/28/2014 3:56PM EST

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About This Report
Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.
© 2014 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031
View this Report in your Web Browser | Forward to a Friend | Subscribe
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 presented in this report are averages and are subject to change without notice.
You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

MBS Commentary – MBS MID-DAY: Weaker After Econ Data but Still in The Game

MBS MID-DAY: Weaker After Econ Data but Still in The Game

Posted to: MBS Commentary
Friday, February 28, 2014 12:41 PM

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Bond markets went into the locker room after this morning’s econ data fairly discouraged, but not enough to give up. That was less obviously the case between 10 and 11am when MBS were over a quarter of a point weaker on the day and 10yr yields were up nearly 6bps. Both bounced modestly in the other direction after that.

The bounce is probably attributable to the droning support from month-end tradeflows seen so far this week. That would go a long way toward explaining bond markets’ ability to stem losses even as stocks continue to new highs. It also raises some…

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MND NewsWire – Weather Continues to Hamper Home Sales

Weather Continues to Hamper Home Sales

Posted to: MND NewsWire
Friday, February 28, 2014 9:59 AM

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Pending sales changed little from December to January the National Association of Realtors® (NAR) said today. That is not surprising as the bad weather NAR blamed for the lackluster December pending sales numbers did not change going into January either.

NAR’s Pending Home Sales Index (PHSI) inched up 0.1 percent to 95.0 in January while the December number was revised up to 94.9 from the previously announced 92.4. January pending sales were 9.0 percent below a year earlier when the PHSI was 104.4. The December index reading was the lowest since November 2011 when it stood at 94.6.

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