Tuesday, May 24, 2016

Daily Newsletter: New Home Sales Skyrocketed in April, Probably...; Borrowers Self-Sidelining; Rates Move Higher

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30 Year Fixed
3.74%   +0.02
15 Year Fixed
2.99%   +0.00
10YR Treasury
1.86%   +0.0279
FNMA 30YR 3.5
104.50   -0.08
FNMA 15YR 2.5
104.09   -0.16
Tuesday May 24, 2016
MND NewsWire - 10:34AM
New home sales surged in April after a disappointing report in March. The Census Bureau and the Department of Housing and Urban Development said today that sales were at a seasonally ...
MND NewsWire - 10:29AM
CoreLogic has looked at an apparent contradiction in purchase loan originations that has emerged since the housing bubble burst. Why, CoreLogic economist Archana Pradhan asks in an ...
Mortgage Rate Watch - 5:08PM
Mortgage rates were mixed today, depending on the lender. Some lenders adjusted rates higher in the middle of the day to reflect bond market weakness while others maintained the same ...
Pipeline Press - 9:56AM
What do banks have that non-bank residential lenders don’t? The fifth annual “State of Financial Marketing” survey conducted by The Financial Brand found the top products ...
Today's Rates
Best Execution
Rate Change
30 Yr FRM 3.74% +0.02
15 Yr FRM 2.99% +0.00
FHA 30 Year Fixed 3.30% +0.00
Jumbo 30 Year Fixed 3.74% +0.01
5/1 Yr ARM 3.00% -0.01
Average Mortgage Rates
Rate Points Change
FHFA *
15 Yr. Fixed 3.37% 1.26 -0.14
30 Yr. Fixed 3.95% 1.30 -0.16
MBA **
30 Yr. Fixed 3.82% 0.34 -0.05
15 Yr. Fixed 3.06% 0.33 -0.07
30 Yr. Jumbo 3.74% 0.31 -0.05
30 Yr. FHA 3.64% 0.25 -0.05
5/1 ARM 2.93% 0.22 +0.02
Freddie Mac **
30 Yr. Fixed 3.58% 0.60 +0.01
15 Yr. Fixed 2.81% 0.50 +0.00
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 2.80% 0.50 +0.02
* 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 3.0 102.19 -0.11
30YR FNMA 3.5 104.50 -0.08
30YR GNMA 3.0 103.13 -0.03
30YR GNMA 3.5 105.41 -0.09
15YR FNMA 3.0 104.09 -0.16
15YR FNMA 2.5 102.34 -0.14
Treasuries
Yield Change
2 YR 0.9135% +0.0125
5 YR 1.4045% +0.0361
10 YR 1.8629% +0.0279
30 YR 2.6456% +0.0201
Prices as of: 5/24/2016 4:31PM 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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