Daily Newsletter: Tuesday October 29, 2013

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30 Year Fixed

                                                                4.11%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.26%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.51%
                                                                  
                                                                -0.0181

FNMA 30YR 3.5

                                                                102-23
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                103-30
                                                                  
                                                                +0-03

View Today's Rates

Tuesday October 29, 2013

MND NewsWire - 10:59AM

Home Prices Still Rising, but Decelerating Since April

Both the 10-City and 20-City S&P-Case-Shiller Home Price Indices gained 1.3 percent in August to values of 175.8 and 164.53 respectively. These increases were substantially smaller ...

MND NewsWire - 1:38PM

Refinances Seen Dropping More Than 50 percent in 2014

The Mortgage Bankers Association (MBA) might not have been smiling as it prepared the economic forecast for 2014 it handed out today. The association's economists say they expect the ...

Mortgage Rate Watch - 3:55PM

Mortgage Rates Fly Holding Pattern Just Over 4 Percent

Mortgage rates continued flying their recent holding pattern just over 4 percent. Most lenders' rate sheets were essentially unchanged compared to yesterday's latest. Additionally, ...

MND NewsWire - 3:03PM

CFPB Pursuing Individuals, Seeking Admissions of Guilt

It didn't attract a lot of notice at the time, but a speech last Wednesday by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray appears to be making some people nervous ...

Latest Video

Nobel prize winner on QE

PIMCO: What the Fed will announce

CNBC's Fed survey shows taper outlook

More News from 'Around the Web'

Reuters - 4:34PM
U.S. judge denies class action status in Deutsche Bank lawsuit
Reuters - 4:33PM
U.S. mortgage burden gets lighter in second quarter
Bloomberg - 2:43PM
BlackRock's Fink Says There Are 'Bubble-Like Markets Again' - Bloomberg
Bloomberg - 2:42PM
Galante Sees FHA at Tipping Point Balancing Mission With Costs - Bloomberg
CNBC - 2:39PM
JPMorgan deal with Justice Dept could collapse: WSJ
House Financial Services - 1:15PM
The FHA is Broke, but Apparently No One is Accountable
CNBC - 1:15PM
Home prices are still affordable, says Shiller
Google News - 12:04PM
Realtors® Advocate Housing Finance System Overhaul That Protects Taxpayers and Access to Credit
House Financial Services - 12:03PM
Chairman Hensarling Opening Statement at FHA Bailout Hearing
news.google.com - 11:34AM
Fed Balance Sheet Not Seen Returning to Normal Until at Least 2019 - Wall Street Journal
Washington Post - 11:32AM
Small business owners fear shutdown's aftershocks will hurt holiday sales
CNBC - 11:06AM
Hedge funds hope for more mortgage juice
Reuters - 10:37AM
U.S. business inventories rise in August, may support third-quarter GDP
Bloomberg - 10:36AM
BofA Accord With FHFA Could Cost $8 Billion, Fitch Says - Bloomberg
CNBC - 10:35AM
Consumer confidence lower than expected in October
CNBC - 10:35AM
CNBC Fed Survey: CNBC's Steve Liesman: QE Expected to Continue Through 2014
www.cfpbmonitor.com - 9:54AM
CFPB plans to continue targeting of individuals in enforcement actions
www.gallup.com - 9:12AM
Economic Confidence Ends Month Still Deeply Negative
Reuters - 9:10AM
U.S. consumer spending measure rises, but auto sales tumble
Reuters - 9:10AM
U.S. producer prices unexpectedly fall, inflation pressures muted in September

Today's Comments

	MND NewsWire - 6:02PM "David Stevens is exactly correct about this...."
	MND NewsWire - 6:15PM "WOW. Great Article and GREAT speech,Mr. Stevens. Your analysis is right on target. Unfortunately, do any of us really believe these knuckleheads in Washington are listening? Or will their unending ignorance and short-sightedness continue to manifest in more rediculous and dangeroous regulation? Once..."
	MBS Live Chat - 10:17AM "to add to rapid rescore. Wells did in fact release update in August to correspondents basically saying will no longer purchase loans where rescoring with credit repair has been utilized. The only instance that they will allow a rapid rescore is for disputed accounts or a frozen credit bureau where the..."
	MBS Live Chat - 2:01PM "Uh, oh. Just got the 2nd email from a recent prospect about getting laid off. Anyone else seeing those pick up speed? I hope it's not a trend again...."
	MBS Live Chat - 2:02PM "Yep JA just had a refinance fall apart b/c of layoff..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.11%

+0.00

15 Yr FRM

3.26%

-0.01

FHA 30 Year Fixed

3.80%

+0.00

Jumbo 30 Year Fixed

4.12%

+0.01

5/1 Yr ARM

3.10%

-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

4.39%

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

98-29

+0-07

30YR FNMA 3.5

102-23

+0-03

30YR GNMA 3.0

99-26

+0-04

30YR GNMA 3.5

103-24

+0-01

15YR FNMA 3.0

103-30

+0-03

15YR FNMA 2.5

101-05

+0-03

Treasuries

Yield

Change

2 YR

0.3167%

+0.0095

5 YR

1.2648%

-0.0230

10 YR

2.5052%

-0.0181

30 YR

3.6119%

-0.0051

Prices as of: 10/29/2013 4:30PM 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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