"Debt-to-Income" Now Biggest Player in Mortgage Denials; Rates and Stocks Stabilize

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30 Year Fixed

                                                                4.94%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                4.42%
                                                                  
                                                                -0.01

10YR Treasury

                                                                3.17%
                                                                  
                                                                +0.0210

FNMA 30YR 3.5

                                                                97.47
                                                                  
                                                                -0.17

FNMA 15YR 2.5

                                                                98.27
                                                                  
                                                                -0.16

View Today's Rates

Friday October 12, 2018

MND NewsWire - 11:35AM

"Debt-to-Income" Now Biggest Player in Mortgage Denials

Mortgage denial rates ebb and flow with the economy, with lenders appetite for risk, and sometimes with the pressure lenders feel to make loans. Denial rates in 2017 continued to diminish ...

Mortgage Rate Watch - 6:41PM

Mortgage Rates Hold Steady as Stocks Stabilize

Mortgage rates held relatively steady today, finally leveling off after two solid days of improvement driven by the week's big stock market sell-off. Stocks and rates don't always move ...

Pipeline Press - 9:10AM

Acquisition/lease Program; Slicing and Dicing Wells' Deal

“Rob, are you hearing about investors taking more of a hard line on every issue right now? In recent years they would give an extra day, or waive something, but they are not doing ...

MND NewsWire - 8:48AM

Furry, Fuzzy, Scaly, Motivation

Want to get that reluctant customer who has been "about to" buy a home for months a little push? If an analysis by the Urban Institute (UI) as reported in Freddie Mac's Homeownership ...

Latest Video

Five or six percent rates not going to kill housing market, Prosperity Bank CEO says

What rising rates mean for home buyers

Rising interest rates and credit card balances

More News from 'Around the Web'

www.freddiemac.com - 2:44PM
A New Solution to an Old Problem: Making it Easier for the Self-Employed to Get a Mortgage
CNBC - 1:47PM
Thousands line up for zero-down-payment, subprime mortgages
Bloomberg - 1:24PM
Japan's Kuroda Says Treasury Yields Triggered Market Sell Off
CNBC - 12:58PM
Yellen says Fed is being 'thoroughly sensible' and not crazy like Trump says
Calculated Risk Blog - 12:04PM
Hotels: Occupancy Rate Declined Slightly Year-over-year
eyeonhousing.org - 11:13AM
Garages in New Homes: 2017 Data
CNBC - 10:22AM
Preliminary October consumer sentiment at 99, vs 100 reading expected
CNBC - 9:53AM
Cramer: The Fed is 'vastly out of touch' I favor one more hike, then 'Yellen-ize' and hold
CNBC - 9:33AM
Fed's Evans says it's time to 'readjust the policy stance' and keep raising rates
CNBC - 8:10AM
US Treasury yields jump as global equity markets bounce back
CNBC - 8:10AM
This is not the time to hike spending, the IMF tells Italy
CNBC - 8:02AM
Treasury Secretary Mnuchin: China selling US Treasuries in retaliation over trade would be costly

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.94%

+0.00

15 Yr FRM

4.42%

-0.01

FHA 30 Year Fixed

4.50%

+0.00

Jumbo 30 Year Fixed

4.40%

-0.01

5/1 Yr ARM

4.43%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

4.15%

1.16

-0.02

30 Yr. Fixed

4.78%

1.15

+0.01

MBA **

30 Yr. Fixed

4.96%

0.49

-0.01

15 Yr. Fixed

4.39%

0.50

+0.01

30 Yr. Jumbo

4.93%

0.31

+0.01

30 Yr. FHA

4.95%

0.80

+0.01

5/1 ARM

4.24%

0.48

+0.02

Freddie Mac **

30 Yr. Fixed

4.90%

0.50

+0.19

15 Yr. Fixed

4.29%

0.50

+0.14

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

4.07%

0.30

+0.06

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

94.63

-0.19

30YR FNMA 3.5

97.47

-0.17

30YR GNMA 3.0

95.97

-0.17

30YR GNMA 3.5

98.50

-0.14

15YR FNMA 3.0

98.27

-0.16

15YR FNMA 2.5

95.83

-0.16

Treasuries

Yield

Change

2 YR

2.8611%

+0.0127

5 YR

3.0217%

+0.0207

10 YR

3.1670%

+0.0210

30 YR

3.3381%

+0.0208

Prices as of: 10/12/2018 5:07PM 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.

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