Daily Newsletter: Wednesday October 16, 2013

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30 Year Fixed

                                                                4.39%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.48%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.67%
                                                                  
                                                                -0.0588

FNMA 30YR 3.5

                                                                101-12
                                                                  
                                                                +0-15

FNMA 15YR 2.5

                                                                103-06
                                                                  
                                                                +0-10

View Today's Rates

Wednesday October 16, 2013

Mortgage Rate Watch - 5:03PM

Mortgage Rates React to Debt Deal

Mortgage rates fell today, recovering yesterday's losses on average. Some lenders' rate sheets were just slightly better or worse than yesterday's latest, but nearly every lender had ...

MND NewsWire - 2:13PM

Builders and Consumers Take a Breather Amid Shutdown

With the Census Bureau, like the rest of the government, shut down and unable to release its usual economic data the National Association of Home Builders (NAHB) is attempting to fill ...

MND NewsWire - 1:59PM

Home Prices Reach 2009 Levels, Gains Moderating

With the FNC Residential Price Index TM (RPI) levels for August home prices have climbed back to December 2009 levels. But the index, while it rose 0.6 percent from the July level, ...

MBS Commentary - 4:37PM

MBS RECAP: 2 Days of Debt Deals, 2 Different Reactions from Bonds... Why?

MBS Live : MBS Afternoon Market Summary Somehow, the same debt deal (or similar anyway) that caused problems for bond markets yesterday, ended up being the leading suspect behind a ...

Latest Video

Bill Gross: Treasurys & kicking the can

BlackRock's Fink: Q4 could be weak

Sen. Reid: We have a deal

More News from 'Around the Web'

www.gallup.com - 4:45PM
Americans Expect Economic Crisis if Debt Deal Not Reached
CNBC - 4:39PM
Short-term debt deal bad in long run: Pros
Realtor.Org - 3:48PM
No Federal Guarantee, No 30-Year Mortgage
Reuters - 3:29PM
Bernanke does not have to testify in AIG bailout lawsuit: ruling
www.aei-ideas.org - 2:37PM
Why the US job market might (finally) be gaining momentum
DataQuick - 2:12PM
DataQuick: September Southland Home Sales Report
Reuters - 2:11PM
U.S. prosecutors grill ex-Countrywide exec in BofA mortgage trial
CNBC - 2:10PM
Fed's Beige Book: US economy expands at modest to moderate pace
CNBC - 2:10PM
Wall Street not listening to Washington anymore
Bloomberg - 1:04PM
Credit Swaps in U.S. Hit Five-Month Low on Plan to End Impasse - Bloomberg
Market Watch - 1:00PM
T-bill auction improves with debt deal in sight
Bloomberg - 12:58PM
Shiller's Lesson: Housing Was Never a Great Investment - Bloomberg
Washington Post - 12:17PM
Wonkblog: If Ted Cruz didn't exist, Democrats would have to invent him
CNBC - 12:01PM
How D.C. mess could curb commercial real estate
Washington Post - 11:19AM
Schumer: Senators real close' to bipartisan agreement to end shutdown, debt crisis
phx.corporate-ir.net - 11:06AM
MGIC Investment Corporation Reports Third Quarter 2013 Results
Federal Reserve - 11:05AM
Regulators release amended consent orders for EverBank
CNBC - 11:04AM
Paris landlords take 'micro-apartments' to extreme
NAHB - 10:40AM
Builder Confidence Down in October; NAHB Estimates Sept. Housing Starts will Approach 900,000 Units
Bloomberg - 10:40AM
Boehner Will Accept Senate Fiscal Deal, Brady Says - Bloomberg

Today's Comments

	MBS Live Chat - 2:02PM "Wait a minute, I thought shutdown brought economy to a screeching halt! Heard that from all the pundits...."
	MBS Live Chat - 2:05PM "mbs/tsy movement is confusing me..."
	MBS Live Chat - 2:06PM "does this move imply that a deal is actually good for us?..."
	MBS Live Chat - 2:06PM "would you have bought bonds in the past 3 weeks Sung?..."
	MBS Live Chat - 2:08PM "Given the situation, wouldn't MBS be "safer" than TSY with the default looming?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.39%

-0.03

15 Yr FRM

3.48%

-0.03

FHA 30 Year Fixed

4.06%

-0.04

Jumbo 30 Year Fixed

4.36%

-0.03

5/1 Yr ARM

3.12%

+0.03

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

4.46%

0.31

+0.04

15 Yr. Fixed

3.53%

0.31

+0.01

30 Yr. Jumbo

4.51%

0.15

+0.06

30 Yr. FHA

4.16%

0.44

+0.01

5/1 ARM

3.25%

0.31

+0.00

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

97-03

+0-15

30YR FNMA 3.5

101-12

+0-15

30YR GNMA 3.0

97-28

+0-13

30YR GNMA 3.5

102-08

+0-13

15YR FNMA 3.0

103-06

+0-10

15YR FNMA 2.5

100-05

+0-13

Treasuries

Yield

Change

2 YR

0.3344%

-0.0199

5 YR

1.3930%

-0.0426

10 YR

2.6688%

-0.0588

30 YR

3.7242%

-0.0622

Prices as of: 10/16/2013 4:31PM 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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