Daily Newsletter: Wednesday October 23, 2013

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30 Year Fixed

                                                                4.10%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.27%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.50%
                                                                  
                                                                -0.0162

FNMA 30YR 3.5

                                                                102-23
                                                                  
                                                                +0-04

FNMA 15YR 2.5

                                                                103-30
                                                                  
                                                                -0-01

View Today's Rates

Wednesday October 23, 2013

Mortgage Rate Watch - 4:57PM

Mortgage Rates Continue to New 4-Month Lows

Mortgage rates fell again today, but at a gentler pace than yesterday, bringing them to new 4-month lows. With no meaningful economic data to influence rates, the positive momentum ...

MND NewsWire - 12:38PM

Home Prices Rise for 19th Straight Month; Pace Decelerating

Home prices posted a 19 th consecutive monthly gain in August the Federal Housing Finance Agency (FHFA) said on Wednesday. FHFA's purchase only Home Price Index (HPI) rose 0.3 percent ...

MND NewsWire - 10:58AM

Delinquency Rate Jumped in September

The national foreclosure rate jumped over 4 percent in September Lender Processing Services, Inc. (LPS) said today, but the foreclosure inventory continued to decline. LPS, a data and ...

MND NewsWire - 9:11AM

Mortgage Activity Flat Despite Falling Rates

The volume of mortgage applications received by the nation's lenders was virtually unchanged during the week ended October 18 the Mortgage Bankers Association (MBA) said today. MBA ...

Latest Video

Overall mortgage business is down: Quicken Loans founder

JPM's ballooning mortgage payouts

Jury: BofA defrauded Fannie Mae and Freddie Mac

More News from 'Around the Web'

WSJ - 5:29PM
Rate Buydowns a Downer for Home Builders
www.corelogic.com - 4:44PM
CoreLogic Reports Third Quarter 2013 Financial Results
CNBC - 4:15PM
What more Fed easing means for mortgage rates
www.cfpbmonitor.com - 4:14PM
CFPB announces new online tool for viewing regulations
Bloomberg - 3:51PM
BofA's Countrywide Found Liable for Defrauding US - Bloomberg
Market Watch - 3:15PM
Fannie, Freddie go back over $2 mark
Bloomberg - 2:38PM
Fed Stimulus Still Makes Sense for Economy, Goldman's Cohn Says - Bloomberg
Reuters - 1:20PM
Higher interest rates to weigh on U.S. homebuilder earnings
The Big Picture - 12:45PM
How Much is QE Driving Equity Markets? (Hint: Not 100%)
Google News - 12:43PM
How the Housing Recovery Will Become Sustainable
CNBC - 12:42PM
Home affordability sinks as housing slows
WSJ - 10:59AM
Secondary Sources: QE Downsides, European Animosities, Ben Bernankepoulos
CNBC - 10:58AM
ECB's Draghi: New bank stress tests 'just the beginning'
www.americanprogress.org - 9:29AM
A Guide to Housing Finance Reform
CNBC - 9:28AM
The truth about that awful JPMorgan settlement
FHFA - 9:17AM
FHFA House Price Index Up 0.3 Percent in August
www.lpsvcs.com - 9:13AM
LPS' September "First Look" Mortgage Report: Delinquencies Up Slightly, Still Down Year-Over-Year
Bloomberg - 8:40AM
Blackstone Funding Largest U.S. Single-Family Rentals
CNBC - 8:36AM
Mortgage applications fall, even as rates drop

Today's Comments

	MND NewsWire - 6:43AM "Couldn't agree more. They should move it at least 1 year and even better would be to the end of 2010...."
	MBS Live Chat - 2:43PM "fyi regarding the MI question from earlier, this is from radians customer service for what it's worth: Radian does not have any minimum requirements or minimum amount of time as to the length of time that a borrower must keep MI. However, some lenders and investors may have minimum requirements and minimum..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.10%

-0.04

15 Yr FRM

3.27%

-0.03

FHA 30 Year Fixed

3.84%

-0.04

Jumbo 30 Year Fixed

4.14%

-0.06

5/1 Yr ARM

3.17%

+0.02

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

4.39%

0.41

-0.07

15 Yr. Fixed

3.51%

0.30

-0.02

30 Yr. Jumbo

4.43%

0.26

-0.08

30 Yr. FHA

4.15%

0.27

-0.01

5/1 ARM

3.25%

0.26

+0.00

Freddie Mac **

30 Yr. Fixed

4.28%

0.70

+0.05

15 Yr. Fixed

3.33%

0.70

+0.02

1 Yr. ARM

2.63%

0.40

-0.01

5/1 Yr. ARM

3.07%

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

98-24

+0-06

30YR FNMA 3.5

102-23

+0-04

30YR GNMA 3.0

99-23

+0-02

30YR GNMA 3.5

103-21

-0-02

15YR FNMA 3.0

103-30

-0-01

15YR FNMA 2.5

101-04

0-00

Treasuries

Yield

Change

2 YR

0.3108%

+0.0163

5 YR

1.2799%

-0.0033

10 YR

2.4962%

-0.0162

30 YR

3.5888%

-0.0231

Prices as of: 10/23/2013 4:27PM 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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