Daily Newsletter: Wednesday October 30, 2013

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30 Year Fixed

                                                                4.11%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.25%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.53%
                                                                  
                                                                +0.0290

FNMA 30YR 3.5

                                                                102-18
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                103-25
                                                                  
                                                                -0-05

View Today's Rates

Wednesday October 30, 2013

MND NewsWire - 1:44PM

MBA Urges Senate to Confirm DeMarco Replacement

The Mortgage Bankers Association (MBA) issued a statement today urging the Senate to confirm a new director of the Federal Housing Finance Agency (FHFA). Senator Majority Leader Harry ...

MND NewsWire - 12:19PM

Senate Hears Testimony on Housing Finance Reform

The Senate Banking Committee heard from six witnesses on Tuesday on the topic of " Housing Finance Reform: Essentials of a Functioning Housing Finance System for Consumers ." Testimony ...

MBS Commentary - 2:02PM

Differences Between Past and Current FOMC Statements

Release Date: September 18, October 30, 2013 For immediate release Information received since the Federal Open Market Committee met in July September generally suggests that economic ...

Mortgage Rate Watch - 3:28PM

Mortgage Rates Start Lower, but End Higher After Fed Announcement

Mortgage rates began the day lower, with several lenders releasing their best rate sheets in nearly 5 months. The day progressed well in the secondary mortgage market with MBS prices ...

Latest Video

The Fed's impact on interest rates

Fed leaves bond buying program intact

The Fed's 3 tests for tapering

More News from 'Around the Web'

Bloomberg - 3:02PM
Treasuries Erase Gains as Fed Says Economic Activity Improves - Bloomberg
www.cfpbmonitor.com - 1:21PM
Director Cordray comments on mortgage rules at MBA convention
Bloomberg - 11:13AM
Deutsche Bank Said to Market $479 Million of Rental Home Bonds
www.npr.org - 4:33PM
In Sandy's Wake, FEMA Re-Examines Flood Insurance Rates
freddiemac.mwnewsroom.com - 9:53AM
Freddie Mac Securitizes $1 Billion of HAMP Performing Mortgage Loans
Reuters - 8:37AM
Insight: Yellen feared housing bust but did not raise public alarm
CNBC - 8:35AM
US mortgage apps rise as rates dip
CNBC - 8:35AM
JPMorgan deal hits stumbling blocks

Today's Comments

	MBS Live Chat - 2:09PM "All of the differences between previous statement and today's are here: http://www.mortgagenewsdaily.com/mortgage_rates/blog/329814.aspx..."
	MBS Live Chat - 2:08PM "I'd say that's a good read. I think it's just less downbeat than many were expecting. Bond markets corrected to "unchanged to slightly stronger" levels. The jump looks bigger due to the narrow range. Nothing much going on here just yet. A sustained break over 2.53-ish would be more significant...."
	MBS Live Chat - 2:07PM "Reading the statement it almost seems the Fed isn't that concerned about a short term slow down and still believes the economy is on the improvement track. That's how I read it (now i need to read it again :) )..."
	MBS Live Chat - 1:59PM "by the time CFPB realizes the damage it will cause in housing market, it will be too late..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.11%

+0.00

15 Yr FRM

3.25%

-0.01

FHA 30 Year Fixed

3.80%

+0.00

Jumbo 30 Year Fixed

4.12%

+0.00

5/1 Yr ARM

3.11%

+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

4.33%

0.26

-0.06

15 Yr. Fixed

3.42%

0.30

-0.09

30 Yr. Jumbo

4.36%

0.27

-0.07

30 Yr. FHA

4.06%

0.17

-0.09

5/1 ARM

3.17%

0.38

-0.08

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

98-22

-0-07

30YR FNMA 3.5

102-18

-0-05

30YR GNMA 3.0

99-21

-0-05

30YR GNMA 3.5

103-19

-0-05

15YR FNMA 3.0

103-25

-0-05

15YR FNMA 2.5

101-00

-0-05

Treasuries

Yield

Change

2 YR

0.3127%

-0.0040

5 YR

1.3132%

+0.0484

10 YR

2.5342%

+0.0290

30 YR

3.6412%

+0.0293

Prices as of: 10/30/2013 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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