Monday, September 26, 2016

Daily Newsletter: Home Sales Beat Estimates; Price Gains Slowing; Rates Move Lower; Big Bounce?

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30 Year Fixed
3.39%   -0.03
15 Year Fixed
2.75%   -0.03
10YR Treasury
1.58%   -0.0362
FNMA 30YR 3.5
105.63   +0.16
FNMA 15YR 2.5
104.97   +0.08
Monday September 26, 2016
MND NewsWire - 11:00AM
After a spectacular run for new home sales in July, it was anticipated that August activity would be considerably more modest. While sales did retrench from the post-crash highs reached ...
MND NewsWire - 2:27PM
Black Knight Financial Services released its Home Price Index (HPI) report for July on Monday and, unlike reports from CoreLogic and the Federal Housing Finance Agency (FHFA) reports ...
Mortgage Rate Watch - 3:50PM
Mortgage Rates were lower again today, marking the 4th straight day of improvements and the 8th day without a meaningful increase. This brings the average lender back in line with levels ...
MBS Commentary - 10:10AM
It seems that money managers and financial journalists will not relent in their calls for US bond yields to have reached a long-term floor this summer and to now be in the process of ...
Today's Rates
Best Execution
Rate Change
30 Yr FRM 3.39% -0.03
15 Yr FRM 2.75% -0.03
FHA 30 Year Fixed 3.25% +0.00
Jumbo 30 Year Fixed 3.55% -0.03
5/1 Yr ARM 2.83% -0.02
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 3.48% 0.60 -0.02
15 Yr. Fixed 2.76% 0.50 -0.01
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 3.0 104.09 +0.22
30YR FNMA 3.5 105.63 +0.16
30YR GNMA 3.0 104.84 +0.23
30YR GNMA 3.5 106.39 +0.14
15YR FNMA 3.0 104.97 +0.08
15YR FNMA 2.5 103.63 +0.13
Treasuries
Yield Change
2 YR 0.7377% -0.0204
5 YR 1.1168% -0.0409
10 YR 1.5822% -0.0362
30 YR 2.3191% -0.0243
Prices as of: 9/26/2016 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.
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