Daily Newsletter: Thursday October 10, 2013

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30 Year Fixed

                                                                4.38%
                                                                  
                                                                +0.05

15 Year Fixed

                                                                3.47%
                                                                  
                                                                +0.05

10YR Treasury

                                                                2.69%
                                                                  
                                                                +0.0238

FNMA 30YR 3.5

                                                                101-08
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                103-03
                                                                  
                                                                +0-02

View Today's Rates

Thursday October 10, 2013

Mortgage Rate Watch - 4:46PM

Mortgage Rates are Actually Higher, Today and This Week

Mortgage rates were noticeably higher today despite a late day rally that saw several lenders offer improved rate sheets. That means that this morning's rate were even higher, yet at ...

MND NewsWire - 11:17AM

Foreclosure Problems are Increasingly Local

Foreclosure activity in September was up 2 percent from August, RealtyTrac said today, but the third quarter saw the lowest level of foreclosure related filings since the financial ...

MND NewsWire - 1:47PM

Fannie Shifts $5 bln in Taxpayer Risk to Newcomer NMI

Fannie Mae checked off another box on the Federal Housing Finance Agencies 2013 Conservatorship Scorecard by recently signing an agreement for credit risk coverage for over $5 billion ...

MND NewsWire - 1:52PM

Five Large Lenders Fueled Golden Age of Multifamily Lending

Lending for multifamily housing in buildings with five or more units increased by 33 percent in 2012 according to the Mortgage Bankers Association (MBA). The volume of new mortgages ...

Latest Video

Shutdown interfering with getting housing loans: Pro

Debate it: Bull vs. bear on JPM & Wells Fargo

Home of the future

More News from 'Around the Web'

WSJ - 5:38PM
NY Fed: Dealers in September Had Anticipated a Start to Tapering
Federal Reserve - 5:37PM
Federal Reserve Board announces agreement in principle with SunTrust Banks, Inc. over $160 million in monetary sanctions for unsafe and unsound mortgage practices
Washington Post - 4:34PM
Wonkblog: The Republicans want to take away Treasury's 'extraordinary measures'. Wait, what?
Google News - 4:31PM
Mortgage Interest Deduction Must Be Saved
WSJ - 3:32PM
Don't Blame Housing Softness on Shutdown
www.cfpbmonitor.com - 3:28PM
CFPB responds to questions about data collection
Washington Post - 3:11PM
Wonkblog: The shutdown just saved the world
CFPB - 2:39PM
CFPB has answers to your financial questions
CNBC - 2:07PM
Stalemate is holding back homebuyers: Lennar CEO
Fannie Mae - 1:42PM
Fannie Mae's Multifamily MBS Issuance Hits $21.5 Billion through the Third Quarter
The Atlantic - 1:40PM
I Don't Know What Will Happen If We Default, and I Don't Want to Find Out
Google News - 1:36PM
Realtors® Warn Congress Default Could Have Severe Impact on Housing Market
Market Watch - 1:36PM
Treasurys cut losses after strong 30-year auction
Bloomberg - 12:20PM
Fed's Bullard Says QE Taper Less Likely This Month Amid Shutdown
Reuters - 11:16AM
As Fed chair, Yellen unlikely to let big banks off the hook
NAHB - 10:49AM
NAHB: New Book Simplifies the Home Maintenance Process
CNBC - 10:30AM
Boehner to ask House for short-term debt ceiling deal
Fannie Mae - 10:29AM
News Release - Fannie Mae Shares Credit Risk with National ...
FHFA - 10:29AM
Statement of Edward J. DeMarco on Fannie Mae Risk-Sharing Transaction
CNBC - 10:15AM
Boehner to ask House for short-term debt ceiling increase: AP

Today's Comments

	MBS Live Chat - 1:53PM "where are our reprices?..."
	MBS Live Chat - 1:53PM "seeing .5% off pricing from yesterday..."
	MBS Live Chat - 2:02PM "one of my previous customers just let me know that when she called to set up automatic draft with her lender, they told her that if she needed to delay her Nov payment, because of the furlough, then they would work with her, she works for the govt, and receives VA disability and retirement..."
	MBS Live Chat - 2:04PM "work with her...huh. Wonder if she doesn't pay by the 15th if she is subject to the late fee..."
	MBS Live Chat - 2:12PM "just got this from 5th 3rd - Loans underwritten via FHLMC/LP for government employees, where a valid Verbal VOE cannot be obtained, WILL NOT be able to close without this documentation...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.38%

+0.05

15 Yr FRM

3.47%

+0.05

FHA 30 Year Fixed

4.05%

+0.04

Jumbo 30 Year Fixed

4.37%

+0.03

5/1 Yr ARM

3.11%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.62%

1.06

+0.18

30 Yr. Fixed

4.49%

1.21

+0.22

MBA **

30 Yr. Fixed

4.42%

0.44

-0.07

15 Yr. Fixed

3.52%

0.34

-0.03

30 Yr. Jumbo

4.45%

0.21

-0.08

30 Yr. FHA

4.15%

0.37

-0.06

5/1 ARM

3.25%

0.29

-0.01

Freddie Mac **

30 Yr. Fixed

4.23%

0.70

+0.01

15 Yr. Fixed

3.31%

0.70

+0.02

1 Yr. ARM

2.64%

0.40

+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

97-01

+0-04

30YR FNMA 3.5

101-08

+0-01

30YR GNMA 3.0

97-30

+0-04

30YR GNMA 3.5

102-08

+0-04

15YR FNMA 3.0

103-03

+0-02

15YR FNMA 2.5

99-32

0-00

Treasuries

Yield

Change

2 YR

0.3456%

-0.0158

5 YR

1.4289%

+0.0049

10 YR

2.6869%

+0.0238

30 YR

3.7348%

-0.0035

Prices as of: 10/10/2013 4:32PM 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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