Daily Newsletter: Mortgage Rates Take Wild Ride to 6-Month Lows; Closer Look at Today's Jobs Report; MBA's Opinion on Rates

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 4.24%   -0.05 15 Year Fixed 3.35%   -0.03 10YR Treasury 2.59%   -0.0272 FNMA 30YR 3.5 101.94   +0.11 FNMA 15YR 2.5 103.34   +0.02 View Today's Rates

Friday May 2, 2014 Mortgage Rate Watch - 2:26PM Mortgage Rates Take Wild Ride to 6-Month Lows Mortgage rates and many other areas of financial markets moved in shockingly counterintuitive ways after today's big jobs report. Nonfarm payroll creation stood at 288k in April, significantly ... MBS Commentary - 12:17PM MBS MID-DAY: Jobs Data Much Stronger and Bonds Rally (Seriously) This has been one of the craziest NFP mornings I can remember--probably THE single most paradoxical reaction at first glance. Granted, bond markets tanked at first following the 288k ... MND NewsWire - 3:16PM About that jobs report...maybe it wasn't so great While the numbers may change, the story of the U.S. labor market ultimately is the same. Job growth continues, but significant weakness remains. Friday's nonfarm payroll report was ... Pipeline Press - 9:52AM MBA's Opinion on Rates; New Non-Agency Deal; Operation Choke Point? There's nothing wrong with early dinners! According to the U.S. Census Bureau, a meeting with the National Council of Senior Citizens resulted in President John F. Kennedy designating ... MBS Day Ahead: NFP Day Showdown Between Rates and The Range: Part 2 Construction Spending Rising Slower Than Expected CFPB Proposes More Mortgage Rule Tweaks Latest Video April jobs report by the numbers Santelli Exchange: Geopolitics the new weather? Santelli bounces around labor participation rate More News from 'Around the Web' blog.metrotrends.org - 3:24PM Is mortgage credit finally starting to loosen? Afraid not. WSJ - 2:25PM 5 Takeaways from the April Employment Report CNBC - 12:48PM Foreclosure payouts go to wrong people The Huffington Post - 12:21PM Do You Have a Simple Interest Mortgage? rss.nytimes.com - 10:35AM Jobs Report: Should You Believe the New Jobs Numbers? Depends on What You Mean by 'Believe' Reuters - 10:35AM U.S. factory orders up, durable goods revised higher Market Watch - 10:33AM Bond Report: Treasurys embrace caveats in strong jobs report CNBC - 9:07AM These cities are rising real estate stars CNBC - 8:53AM Payrolls jump in April as thaw hits jobs market The Huffington Post - 8:52AM No, Seriously, The 2012 Jobs Data Wasn't Faked: Feds Reuters - 8:22AM U.S. jobs report to signal stronger economic growth momentum CRL - 8:21AM Statement on the Home Forward Act of 2014 Reuters - 8:21AM London sets new record with $237 million apartment sale Realtor.Org - 8:20AM 'Most Real Estate Agents Are Terrible at Their Craft' CNBC - 8:18AM US bonds fall ahead of nonfarms for April Today's Comments MBS Live Chat - 8:32AM "That's all nice, Vic, but you know that 288K and 6.3 is all that matters today...." MBS Live Chat - 8:32AM "i disagree, if that was all that mattered, we would be much worse off..." MBS Live Chat - 8:34AM "what a ridiculously small bond market reaction so far..." MBS Live Chat - 9:53AM "Wow. 288k and down -4. Pretty amazing...." MBS Live Chat - 9:54AM "looks like the jig is up..." MBS Live Chat - 9:54AM "in other words, it does indeed look like bonds were ready to rally on anything close to consensus, and the big beat threw a bit of a wrench in the works...." MBS Live Chat - 10:35AM "secondary desks must be struggling with pricing right now..." MBS Live Chat - 10:45AM "This kind of activity makes me scared to come in on Monday if tensions subside over the weekend...." MBS Live Chat - 12:09PM "anyone locking today?..." MBS Live Chat - 12:11PM "I am locking as soon as we get legitimate reprices...still a little short......" Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% -0.05 15 Yr FRM 3.35% -0.03 FHA 30 Year Fixed 3.90% -0.05 Jumbo 30 Year Fixed 4.00% -0.03 5/1 Yr ARM 3.25% +0.00 Current Mortgage Rates » What are best-execution rates? 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% 0.38 +0.00 15 Yr. Fixed 3.53% 0.31 -0.02 30 Yr. Jumbo 4.37% 0.14 -0.04 30 Yr. FHA 4.17% 0.10 -0.03 5/1 ARM 3.26% 0.35 +0.10 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.04 15 Yr. Fixed 3.38% 0.60 -0.01 1 Yr. ARM 2.45% 0.50 +0.01 5/1 Yr. ARM 3.05% 0.40 +0.02 Current Mortgage Rates » * 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 97.91 +0.11 30YR FNMA 3.5 101.94 +0.11 30YR GNMA 3.0 99.81 +0.08 30YR GNMA 3.5 103.16 +0.06 15YR FNMA 3.0 103.34 +0.02 15YR FNMA 2.5 100.78 +0.05 Treasuries Yield Change 2 YR 0.4304% +0.0200 5 YR 1.6692% +0.0098 10 YR 2.5879% -0.0272 30 YR 3.3660% -0.0439 Prices as of: 5/2/2014 3:53PM EST Current MBS / Treasury Prices » 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.