Friday, November 28, 2014

Daily Newsletter: Mortgage Rate Decline Limited by Holiday; Crouching Traders Pounce; Trends in Rental Markets

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30 Year Fixed
3.88%   -0.01
15 Year Fixed
3.11%   +0.00
10YR Treasury
2.17%   -0.0737
FNMA 30YR 3.5
104.31   +0.34
FNMA 15YR 2.5
104.19   +0.17
Friday November 28, 2014
Mortgage Rate Watch - 1:29PM
Mortgage rates were slightly lower today, but it was in no way indicative of the improvements seen in the mortgage-backed-securities (MBS). MBS, above anything else, dictate mortgage ...
MBS Commentary - 1:28PM
Heading into today, it stood to reason that the normal spat of supportive, compulsory bond buying that occurs at the end of the month would have already taken place by Wednesday. That ...
Pipeline Press - 10:41AM
For a deviation from the topic of millennials living at home, since the industry seems so focused on the behavior of this group (just like we were all focused on their behavior while ...
MBS Commentary - 8:42AM
I made some fantastic stuffing this year. Just like mom used to make, and probably very much like she'll make when we drive down to do the Thanksgiving raincheck dinner with the other ...
Today's Rates
Best Execution
Rate Change
30 Yr FRM 3.88% -0.01
15 Yr FRM 3.11% +0.00
FHA 30 Year Fixed 3.35% -0.03
Jumbo 30 Year Fixed 3.71% -0.02
5/1 Yr ARM 3.24% +0.00
Average Mortgage Rates
Rate Points Change
FHFA *
15 Yr. Fixed 3.47% 1.11 +0.02
30 Yr. Fixed 4.33% 1.33 -0.01
MBA **
30 Yr. Fixed 4.18% 0.24 -0.01
15 Yr. Fixed 3.38% 0.27 +0.00
30 Yr. Jumbo 4.10% 0.16 -0.03
30 Yr. FHA 3.85% 0.18 -0.05
5/1 ARM 3.09% 0.34 +0.04
Freddie Mac **
30 Yr. Fixed 3.97% 0.50 -0.02
15 Yr. Fixed 3.17% 0.50 +0.00
1 Yr. ARM 2.44% 0.40 +0.00
5/1 Yr. ARM 3.01% 0.50 +0.00
* 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 3.0 101.17 +0.38
30YR FNMA 3.5 104.31 +0.34
30YR GNMA 3.0 102.58 +0.44
30YR GNMA 3.5 105.05 +0.33
15YR FNMA 3.0 104.19 +0.17
15YR FNMA 2.5 102.06 +0.25
Treasuries
Yield Change
2 YR 0.4803% -0.0394
5 YR 1.4918% -0.0669
10 YR 2.1710% -0.0737
30 YR 2.8926% -0.0608
Prices as of: 11/28/2014 1:48PM 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.
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