Daily Newsletter: Tuesday October 15, 2013

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30 Year Fixed

                                                                4.42%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.51%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.73%
                                                                  
                                                                +0.0368

FNMA 30YR 3.5

                                                                100-29
                                                                  
                                                                -0-06

FNMA 15YR 2.5

                                                                102-28
                                                                  
                                                                -0-05

View Today's Rates

Tuesday October 15, 2013

Mortgage Rate Watch - 5:22PM

Mortgage Rates Rise to 3-Week Highs

Mortgage rates rose moderately today, bringing them to their highest levels since September 23rd. Though the recent move higher has happened very gradually, it's also been fairly determined ...

MND NewsWire - 3:08PM

Reconsidering Death Sentence For Fannie and Freddie

There may be life in those old GSE bones yet. At least that is one conclusion that can be drawn from an article in Bloomberg on Tuesday. Writers Clea Benson and Cheyenne Hopkins write ...

MND NewsWire - 1:26PM

One Reason Next Jobs Report Could Pack Bigger Punch

Markets usually react instantly to significant and unexpected financial news. But a New York Federal Reserve analyst says these reactions, rather than being knee-jerk, do take into ...

MBS Commentary - 7:17AM

The Week Ahead: Fiscal Headlines Free to Cause Volatility

Last Week - Bond markets continue pining for economic data, resigned to following fiscal drama headlines - Said headlines provided bearish motivation (higher rate) on Wed/Thu - Bond ...

Latest Video

Home prices still lower, some bubble markets: Pro

What a debt deal means for bonds

House Rules Committee to propose debt deal

More News from 'Around the Web'

www.collateralvision.com - 5:10PM
FNC Index: Home Prices Up 0.6% in August; Signs of Subsiding Growth Momentum
WSJ - 5:10PM
QE3 Critic Fisher Says Hard to Argue for October Taper Amid Washington Showdown
WSJ - 5:08PM
Shadow Inventory: The Zombie Meme That Won't Die
CNBC - 5:08PM
Fitch puts US AAA rating on rating watch negative
Bloomberg - 5:08PM
Ex-Countrywide Executive Denies Scheme to Mislead Buyers - Bloomberg
The Huffington Post - 3:44PM
Senate Talks Stalled Pending House Action: Durbin
CNBC - 2:56PM
Shutdown helps put the brakes on banking reforms
Federal Reserve - 2:56PM
Minutes of the Board's discount rates meetings from August 12 through September 16, 2013
Bloomberg - 2:22PM
Reid Slams House Plan as Senate Pauses for Boehner Move - Bloomberg
Reuters - 1:47PM
U.S. jobs market poised for improvement: Fed study
Washington Post - 12:47PM
Wonkblog: The House GOP's shutdown deal is a big improvement
Bloomberg - 12:44PM
Mortgage-Bond Meeting Seeks to Reduce Mistrust for Revived Sales - Bloomberg
Reuters - 11:44AM
Fed better prepared now than in 2011 for possible U.S. default: Fisher
CNBC - 11:43AM
'Too tender a moment' to cut QE: Fisher
CNBC - 9:59AM
House to push bill to end shutdown
NY Fed - 9:58AM
Dudley: Unconventional Monetary Policies and Central Bank Independence
NY Fed - 9:58AM
Home Price Conditions interactive maps and charts updated as of August 2013
Washington Post - 9:36AM
Wonkblog: In the convenience store of the future, you can get a mortgage along with your toothpaste
Bloomberg - 9:36AM
David Tepper Tells CNBC That 'No Way' Fed Can Taper Stimulus - Bloomberg
Washington Post - 9:32AM
GOP lawmakers to meet in House, Senate; details of Senate plan being finalized

Today's Comments

	MBS Live Chat - 11:55AM "when does the 43% Freddie/Fannie rules go into effect?..."
	MBS Live Chat - 11:55AM "jan 2014..."
	MBS Live Chat - 11:55AM "I will be interested to see if that holds....my guess is they back it down at some point....to big a disparity..."
	MBS Live Chat - 12:02PM "The QM starts in January, but as long as Fannie/Freddie will take it through DU/LP, you are protected..."
	MBS Live Chat - 12:04PM "So if they have a 49% or a 47% back end and you still get an approval, you are fine...."
	MBS Live Chat - 12:06PM "Until a borrower and lawyer challenge that you calculated the income wrong...."
	MBS Live Chat - 12:09PM "http://files.consumerfinance.gov/f/201308_cfpb_atr-qm-implementation-guide_final.pdf..."
	MND NewsWire - 1:36PM ""Could" may be an understatement, in my humble opinion...."
	MND NewsWire - 4:53PM "Let's see, G Fees boosting treasury revenues, loan quality way up (headed even higher with QM pending?), and default rates down. Maybe this whole GSE model isn't so horrific after all!..."
	MND NewsWire - 1:43PM "Any info on the survival of the FNMA 95 with financed MI?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.42%

+0.04

15 Yr FRM

3.51%

+0.04

FHA 30 Year Fixed

4.10%

+0.05

Jumbo 30 Year Fixed

4.39%

+0.04

5/1 Yr ARM

3.09%

-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

96-20

-0-09

30YR FNMA 3.5

100-29

-0-06

30YR GNMA 3.0

97-15

-0-10

30YR GNMA 3.5

101-27

-0-08

15YR FNMA 3.0

102-28

-0-05

15YR FNMA 2.5

99-24

-0-05

Treasuries

Yield

Change

2 YR

0.3543%

+0.0042

5 YR

1.4356%

+0.0164

10 YR

2.7276%

+0.0368

30 YR

3.7864%

+0.0410

Prices as of: 10/15/2013 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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