Tuesday, March 18, 2014

Daily Newsletter: Mortgage Rates Sideways Ahead of Fed Announcement; Lawsuit over State Gov Diverting Bailout Funds; Fannie/Freddie Reform Considerations

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30 Year Fixed
4.43%   +0.00
15 Year Fixed
3.45%   +0.00
10YR Treasury
2.67%   -0.0199
FNMA 30YR 3.5
101.00   +0.22
FNMA 15YR 2.5
103.17   +0.14
Tuesday March 18, 2014
Mortgage Rate Watch - 4:39PM
Mortgage rates were effectively unchanged today, putting an end to 2 days spent moving higher as the threat of violence diminished in Ukraine. Indeed it was violence in Ukraine (or ...
MND NewsWire - 3:07PM
Three non-profit homeowner counseling organizations have sued California Governor Jerry Brown, charging that the state had diverted 369 million dollars intended to assist distressed ...
Pipeline Press - 10:27AM
What is the MBA applications number going to tell us tomorrow? My bet, given stories from lock desks around the nation, is that we'll see an improvement last week. Zelman & Associates ...
MBS Live Chat - 12:35PM
"RTRS - WHITE HOUSE VOWS MORE ACTIONS AGAINST RUSSIA OVER UKRAINE, SAYS MORE DESIGNATIONS TO COME UNDER SANCTIONS ORDER..."
MBS Live Chat - 12:43PM
"next, we'll take away their cell phone for a whole week..."
MBS Live Chat - 12:44PM
"Man, it's a scary day when you have to come to the realization that just verbalizing hollow threats holds no weight anymore. Currently our men in charge haven't quite come to that realization, though...."
MBS Live Chat - 1:15PM
"RE: Putin, and our elected officials reminds me of the Gary Larsen cartoon with the guy sitting in his easy chair talking to his dog and all the dog hears is "Blah Blah Blah Blah" I agree that Putin doesn't care what we say and all of our "threats" are so hollow he's not feeling any risk to proceed further..."
MBS Live Chat - 1:25PM
"If we had signed a treaty with the Ukraine then we have an obligation to live up to our word. To my knowledge we did not sign any treaty to protect them. The recent vote should be tossed and a new vote monitored by the United Nations to make sure the will of the people is enforced would be a better plan..."
MBS Live Chat - 1:49PM
"In 1991 the newly independent Ukraine had the third largest strategic nuclear weapons arsenal in the world. Larger than those of Britain, France, and China combined. On June 1, 1996 Ukraine became a non-nuclear nation when it sent the last of its 1,900 strategic nuclear warheads to Russia for dismantling..."
MBS Live Chat - 3:05PM
"Having LO's share referrals in this forum is an example of the strength of our community here!..."
Today's Rates
Best Execution
Rate Change
30 Yr FRM 4.43% +0.00
15 Yr FRM 3.45% +0.00
FHA 30 Year Fixed 4.00% +0.00
Jumbo 30 Year Fixed 4.25% -0.02
5/1 Yr ARM 3.25% +0.00
Average Mortgage Rates
Rate Points Change
FHFA *
15 Yr. Fixed 3.61% 1.06 -0.10
30 Yr. Fixed 4.48% 1.36 -0.10
MBA **
30 Yr. Fixed 4.52% 0.29 +0.05
15 Yr. Fixed 3.53% 0.28 +0.01
30 Yr. Jumbo 4.41% 0.20 +0.04
30 Yr. FHA 4.18% 0.21 +0.05
5/1 ARM 3.18% 0.36 +0.09
Freddie Mac **
30 Yr. Fixed 4.37% 0.60 +0.09
15 Yr. Fixed 3.38% 0.60 +0.06
1 Yr. ARM 2.48% 0.40 -0.04
5/1 Yr. ARM 3.09% 0.40 +0.06
* 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 96.78 +0.25
30YR FNMA 3.5 101.00 +0.22
30YR GNMA 3.0 98.61 +0.17
30YR GNMA 3.5 102.41 +0.22
15YR FNMA 3.0 103.17 +0.14
15YR FNMA 2.5 100.31 +0.20
Treasuries
Yield Change
2 YR 0.3466% -0.0160
5 YR 1.5444% -0.0230
10 YR 2.6704% -0.0199
30 YR 3.6094% -0.0181
Prices as of: 3/18/2014 4:30PM 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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