Tuesday, April 15, 2014

Daily Newsletter: New Home Apps Rise in March, but Builder Confidence Stalls; Rates Hold Ground After Ukraine Headlines; Ellie Mae Announcement

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30 Year Fixed
4.36%   -0.01
15 Year Fixed
3.40%   +0.00
10YR Treasury
2.62%   -0.0271
FNMA 30YR 3.5
101.33   +0.16
FNMA 15YR 2.5
103.09   -0.22
Tuesday April 15, 2014
MND NewsWire - 11:45AM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose to 47 this month, indicating a slight improvement in the confidence of home builders in ...
MND NewsWire - 10:49AM
The Mortgage Bankers Association (MBA) estimated today that there was a 15 percent increase in applications for new home purchases in March compared to February even as the annual pace ...
Mortgage Rate Watch - 3:05PM
Mortgage rates started the day in weaker territory, continuing higher for a second straight morning. Just after 10am, headlines regarding violence in Ukraine sent stocks lower and provided ...
Pipeline Press - 9:46AM
Don't forget: the bond markets close early on Thursday , and are closed entirely Friday. LOs know that any lender taking locks will price conservatively. But today it is business as ...
MBS Live Chat - 1:22PM
"is this ukraine related or equity related? did ukraine cause equity sell off?..."
MBS Live Chat - 1:23PM
"Yes, Sung...."
MBS Live Chat - 1:23PM
"Ukraine claims russian forces entered ukraine territory..."
MBS Live Chat - 1:25PM
"but why today? we heard "civil war" over the weekend. what makes today any more relevant? not buying Ukraine on this one..."
MBS Live Chat - 1:26PM
"What else, Sung? It's the only news line, frankly the data says we should be in the red...."
MBS Live Chat - 1:26PM
"without commenting on 'why today' we can simply look at markets that are more directly affected, like Europe and see core sovereign debt rallying much more sharply..."
MBS Live Chat - 1:47PM
"here's a chart of the benchmark for European flights-to-safety vs Treasuries. http://mndne.ws/1eLD0Kb..."
Today's Rates
Best Execution
Rate Change
30 Yr FRM 4.36% -0.01
15 Yr FRM 3.40% +0.00
FHA 30 Year Fixed 4.00% +0.00
Jumbo 30 Year Fixed 4.14% -0.01
5/1 Yr ARM 3.25% +0.00
Average Mortgage Rates
Rate Points Change
FHFA *
15 Yr. Fixed 3.80% 1.10 +0.13
30 Yr. Fixed 4.67% 1.44 +0.13
MBA **
30 Yr. Fixed 4.56% 0.33 +0.00
15 Yr. Fixed 3.62% 0.31 +0.00
30 Yr. Jumbo 4.49% 0.14 +0.03
30 Yr. FHA 4.19% 0.16 -0.02
5/1 ARM 3.26% 0.31 +0.01
Freddie Mac **
30 Yr. Fixed 4.34% 0.70 -0.07
15 Yr. Fixed 3.38% 0.60 -0.09
1 Yr. ARM 2.41% 0.50 -0.04
5/1 Yr. ARM 3.09% 0.50 -0.03
* 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 97.28 +0.17
30YR FNMA 3.5 101.33 +0.16
30YR GNMA 3.0 99.33 +0.23
30YR GNMA 3.5 102.81 +0.16
15YR FNMA 3.0 103.09 -0.22
15YR FNMA 2.5 100.38 -0.22
Treasuries
Yield Change
2 YR 0.3710% +0.0000
5 YR 1.6151% +0.0000
10 YR 2.6229% -0.0271
30 YR 3.4578% -0.0340
Prices as of: 4/15/2014 3:50PM EST
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:
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