Friday, April 25, 2014

Daily Newsletter: Mortgage Rates End Week at Best Levels; Economy to Help Housing Recovery; 25 Percent Have Home-Buying Remorse

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30 Year Fixed
4.40%   -0.03
15 Year Fixed
3.47%   -0.03
10YR Treasury
2.67%   -0.0164
FNMA 30YR 3.5
101.33   +0.13
FNMA 15YR 2.5
103.09   +0.08
Friday April 25, 2014
Mortgage Rate Watch - 2:44PM
Mortgage rates moved lower today, reaching their best levels of the week. Slumping stocks and geopolitical concerns contributed to positivity in the bond market, and when bond markets ...
MND NewsWire - 10:41AM
David Crowe, Chief Economist of the National Association of Home Builders (NAHB) told members attending the Association's 2014 Spring Construction Forecast Webinar that a stronger housing ...
MND NewsWire - 12:59PM
While the Gallup survey released on Thursday shows that Americans are regaining their faith in home ownership, at least as a worthwhile investment, another survey conducted by Harris ...
Pipeline Press - 10:23AM
Bank of America might have to pony up yet another $13 billion to settle more residential mortgage-backed security claims? No wonder the lending industry continues to face an uphill ...
MBS Live Chat - 8:08AM
"As you get near 2.60 though, you can't look at the yield straight on. Just out of the corner of your eye -- like you don't really care or even notice. That's the only way it will get there...."
MBS Live Chat - 8:34AM
"trying to understand the day ahead, is MG trying to imply that yesterday's move was more stocks vs. geopolitics?..."
MBS Live Chat - 8:49AM
"Don't think that was his message. I think the message is that it's difficult to pin the move on a particular impetus right now...."
MBS Live Chat - 9:24AM
"SK, just pushing back against the over-reliance on Ukraine as a market mover...."
MBS Live Chat - 9:55AM
"THOMSON REUTERS/U. OF MICH US CONSUMER SENTIMENT FINAL APRIL 84.1 (CONSENSUS 83.0) VS PRELIMINARY APRIL 82.6, FINAL MARCH 80.0..."
MBS Live Chat - 12:51PM
"who do you guys use for nonwarrantable condos? I have an investment condo in a complex where it's all college students so my investor concentration is off the charts...."
MBS Live Chat - 12:53PM
"santander does them..."
MBS Live Chat - 1:00PM
"Advancial does them, and Alliant CU...."
MBS Live Chat - 1:45PM
"RTRS- FREDDIE MAC CEO LAYTON SAYS U.S. SENATE HOUSING FINANCE BILL COULD UNDERMINE MORTGAGE MARKET STABILITY--LETTER OBTAINED BY REUTERS..."
MBS Live Chat - 1:45PM
"RTRS- LAYTON SAYS ONE CONCERN IS THAT BILL DOESN'T CLEARLY STATE FREDDIE MAC AND FANNIE MAE'S CORE FUNCTIONS SHOULD BE MAINTAINED DURING TRANSITION TO NEW MORTGAGE SYSTEM..."
Today's Rates
Best Execution
Rate Change
30 Yr FRM 4.40% -0.03
15 Yr FRM 3.47% -0.03
FHA 30 Year Fixed 4.00% +0.00
Jumbo 30 Year Fixed 4.16% -0.04
5/1 Yr ARM 3.21% -0.01
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 4.49% 0.50 +0.02
15 Yr. Fixed 3.55% 0.33 +0.01
30 Yr. Jumbo 4.41% 0.34 +0.02
30 Yr. FHA 4.20% 0.41 +0.06
5/1 ARM 3.16% 0.36 +0.01
Freddie Mac **
30 Yr. Fixed 4.33% 0.60 +0.06
15 Yr. Fixed 3.39% 0.60 +0.06
1 Yr. ARM 2.44% 0.50 +0.00
5/1 Yr. ARM 3.03% 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 97.31 +0.16
30YR FNMA 3.5 101.33 +0.13
30YR GNMA 3.0 99.27 +0.22
30YR GNMA 3.5 102.63 +0.16
15YR FNMA 3.0 103.09 +0.08
15YR FNMA 2.5 100.47 +0.05
Treasuries
Yield Change
2 YR 0.4339% -0.0118
5 YR 1.7298% -0.0132
10 YR 2.6677% -0.0164
30 YR 3.4461% -0.0116
Prices as of: 4/25/2014 3:43PM 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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