Daily Newsletter: Thursday October 24, 2013

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30 Year Fixed

                                                                4.10%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.26%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.52%
                                                                  
                                                                +0.0199

FNMA 30YR 3.5

                                                                102-19
                                                                  
                                                                -0-04

FNMA 15YR 2.5

                                                                103-28
                                                                  
                                                                -0-02

View Today's Rates

Thursday October 24, 2013

MND NewsWire - 9:50AM

Housing Market Skewed Toward Investors; All-Cash Purchases Surge

There was a substantial increase in September in the purchasing activity of what it called institutional investors RealtyTrac said today. Persons or institutions who have purchased ...

Mortgage Rate Watch - 3:39PM

Mortgage Rates Little Changed Near 4-Month Lows

Mortgage rates held steady for the most part on Thursday, keeping them in line with 4 Month Lows (a milestone reached last Friday ). There were slight variations in closing costs between ...

MND NewsWire - 12:34PM

Remodeler Confidence Highest in almost a Decade

Builders who remodel residential properties are seeing continued activity in their segment of the homebuilding market the National Association of Home Builders (NAHB) said today. The ...

MBS Commentary - 5:19PM

MBS RECAP: Light Activity and Incidental Weakness

MBS Live : MBS Afternoon Market Summary Today was another session where the movement is best characterized as "incidental"--that is to say, bond markets didn't set out with any salient ...

Latest Video

Fannie & Freddie will not lower loan limits

Are the markets overbought?

Bubble brewing in the Hamptons?

More News from 'Around the Web'

Bloomberg - 5:07PM
Can JPMorgan Settle the Entire Financial Crisis? - Bloomberg
www.cfpbmonitor.com - 5:06PM
CFPB joins interagency statement on qualified mortgage fair lending risks
Reuters - 4:07PM
Wells Fargo waives October mortgage fees for late payers
Reuters - 4:07PM
Fannie, Freddie to finish sorting out loan disputes by year end
FHFA - 3:49PM
"Getting Our House In Order" - FHFA's Demarco
CNBC - 3:41PM
US extends backing for higher-priced mortgages
www.sigtarp.gov - 3:19PM
Seven Charged In Connection With Nationwide Multi-Million Dollar Mortgage Fraud Scheme
The Big Picture - 3:17PM
Long Term Unemployed
WSJ - 3:15PM
Currency Talk: Dollar Weakness Here to Stay Amid U.S. Uncertainty
Bloomberg - 2:04PM
Citigroup Said to Offer $63 Billion in Mortgage-Servicing Rights - Bloomberg
www.aei-ideas.org - 1:36PM
Six years after the start of the Great Recession, time for the Fed to start easing monetary policy
Market Watch - 11:47AM
Bank of America to cut 3,000 jobs in mortgage unit
Reuters - 10:51AM
JPMorgan may face federal sanctions over Madoff ties: NY Times
CNBC - 10:25AM
Earnings parade: Few misses, no real big hits
NAHB - 10:25AM
Remodeling Market Index Climbs For Second Quarter in a Row
freddiemac.mwnewsroom.com - 10:13AM
Fixed Mortgage Rates Drop to Four Month Low
Reuters - 10:13AM
U.S. Fed launches bank liquidity plan, says tougher than Basel
freddiemac.mwnewsroom.com - 10:00AM
Freddie Mac Announces Seventeenth Multifamily Securities Offering This Year, K-F02
Bloomberg - 10:00AM
Consumer Confidence in U.S. Declines to Lowest in Eight Months - Bloomberg
Reuters - 10:00AM
U.S. manufacturing growth slows in October, disrupted by government shutdown: Markit

Today's Comments

	MBS Live Chat - 2:20PM "the wells posted fha rate went from 4-1/8 to 3-7/8 today and then back up to 4-1/8... whenever that happens, we here on the secondary market side think that once they lowered it, they saw a huge rush of demand and had to raise it back to stem the tide..."
	MBS Live Chat - 2:22PM "they just laid off thousands of ops staff, they probably are not staffed to handle a new surge..."
	MBS Live Chat - 2:23PM "GR - WF "prior approval" - stuff that correspondents aren't allowed to u/w went from 3 bus days to 7-10 recently..."
	MBS Live Chat - 2:23PM "curbing the volume of new apps may be the intended outcome..."
	MBS Live Chat - 3:30PM "RTRS- REGULATOR SAYS IT WILL PROVIDE SIX-MONTH NOTICE BEFORE LOWERING THE CAP ON LOANS FANNIE, FREDDIE BACK..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.10%

+0.00

15 Yr FRM

3.26%

-0.01

FHA 30 Year Fixed

3.83%

-0.01

Jumbo 30 Year Fixed

4.12%

-0.02

5/1 Yr ARM

3.15%

-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

4.13%

0.80

-0.15

15 Yr. Fixed

3.24%

0.60

-0.09

1 Yr. ARM

2.60%

0.50

-0.03

5/1 Yr. ARM

3.00%

0.40

-0.07

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

98-21

-0-03

30YR FNMA 3.5

102-19

-0-04

30YR GNMA 3.0

99-21

-0-02

30YR GNMA 3.5

103-19

-0-02

15YR FNMA 3.0

103-28

-0-02

15YR FNMA 2.5

101-02

-0-02

Treasuries

Yield

Change

2 YR

0.3069%

-0.0039

5 YR

1.2978%

+0.0179

10 YR

2.5161%

+0.0199

30 YR

3.6102%

+0.0214

Prices as of: 10/24/2013 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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