Wednesday, December 7, 2016

Daily Newsletter: Lender Profitability Improved in Q3; Apps Back to Pre-Holiday Levels; Rates Lowest in a Week

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30 Year Fixed
4.13%   -0.03
15 Year Fixed
3.34%   -0.03
10YR Treasury
2.35%   -0.0414
FNMA 30YR 3.5
102.86   +0.27
FNMA 15YR 2.5
102.98   +0.16
View Today's Rates
Wednesday December 7, 2016
MND NewsWire - 12:24PM
Profit margins increased for mortgage lenders in the third quarter of 2015. The Mortgage Bankers Association (MBA) said independent mortgage banks and subsidiaries of chartered banks ...
MND NewsWire - 8:57AM
Mortgage application activity was essentially flat on a seasonally adjusted basis during the week ended December 2 while swinging broadly on a non-seasonally adjusted basis as business ...
Mortgage Rate Watch - 5:03PM
Mortgage rates moved moderately lower today, as financial markets positioned themselves for an important announcement from the European Central Bank (ECB) tomorrow regarding the possibility ...
Pipeline Press - 9:27AM
Today is the 75th anniversary of the Japanese attack on the U.S. naval base at Pearl Harbor in Hawai’i where 2,403 Americans died and 1,178 were wounded. There are those that ...
Today's Rates
Best Execution
Rate Change
30 Yr FRM 4.13% -0.03
15 Yr FRM 3.34% -0.03
FHA 30 Year Fixed 3.80% -0.05
Jumbo 30 Year Fixed 4.20% -0.01
5/1 Yr ARM 3.00% -0.02
Average Mortgage Rates
Rate Points Change
FHFA *
15 Yr. Fixed 3.05% 1.21 -0.03
30 Yr. Fixed 3.74% 1.37 -0.06
MBA **
30 Yr. Fixed 3.66% 0.33 -0.04
15 Yr. Fixed 2.95% 0.38 -0.04
30 Yr. Jumbo 3.64% 0.28 -0.05
30 Yr. FHA 3.52% 0.21 -0.04
5/1 ARM 2.92% 0.40 -0.07
Freddie Mac **
30 Yr. Fixed 4.08% 0.50 +0.14
15 Yr. Fixed 3.34% 0.50 +0.20
1 Yr. ARM 2.68% 0.20 +0.01
5/1 Yr. ARM 3.15% 0.40 +0.08
* 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 99.88 +0.38
30YR FNMA 3.5 102.86 +0.27
30YR GNMA 3.0 101.58 +0.34
30YR GNMA 3.5 104.41 +0.20
15YR FNMA 3.0 102.98 +0.16
15YR FNMA 2.5 100.52 +0.20
Treasuries
Yield Change
2 YR 1.1041% -0.0159
5 YR 1.7994% -0.0363
10 YR 2.3491% -0.0414
30 YR 3.0289% -0.0491
Prices as of: 12/7/2016 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:
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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Posted by Tommy Wyman at 3:04 PM