Daily Newsletter: Friday October 4, 2013

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30 Year Fixed

                                                                4.30%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.42%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.65%
                                                                  
                                                                +0.0401

FNMA 30YR 3.5

                                                                101-25
                                                                  
                                                                -0-06

FNMA 15YR 2.5

                                                                103-13
                                                                  
                                                                -0-04

View Today's Rates

Friday October 4, 2013

MND NewsWire - 4:14PM

How Has DC Shutdown Really Affected The Mortgage Market?

Lenders have had three days to digest Tuesday's partial Federal government shutdown, and while loan processing has been affected, the impact has not been as severe as originators feared ...

Mortgage Rate Watch - 5:13PM

Mortgage Rates Modestly Higher as Paralysis Continues

Mortgage rates were slightly higher today, but remained well within the extremely narrow range that dominated the week. Conforming, 30yr fixed best-execution remains at 4.25% with the ...

MND NewsWire - 9:53AM

Market Participants Flying Blind Without Economic Data

The federal payroll report (Employment Situation or "NFP"), eagerly awaited on the first Friday of each month, will not be available today or for the foreseeable future. The Bureau ...

Pipeline Press - 10:26AM

Lawsuit Settlement Report; More Shutdown Chatter; 4506-T Confusion

According to a release from Citi, the bank will pay Freddie Mac $395 million, all of which is covered by its existing mortgage repurchase reserves as of the end of Q2. The agreement ...

Latest Video

Yellen a bubble maker?

CNBC's 'no jobs report' report

Boehner can't take 'yes' for an answer

More News from 'Around the Web'

WSJ - 5:08PM
Fed's Lacker: Unknown Whether Shutdown Would Delay Decision on Bond Buying
www.npr.org - 5:08PM
The 'Faux Friday' Jobs Report: What Economists Can Guesstimate
Reuters - 4:35PM
Debt ceiling worries spill into U.S. options market
WSJ - 2:39PM
No Way Out of Recession Sparked by Failure to Raise Debt Ceiling
www.gallup.com - 2:39PM
Economic Confidence Plummets as Gov't Shutdown Begins
www.aei-ideas.org - 2:21PM
Is Obamacare causing a boom in part-time jobs? Probably not
Reuters - 2:06PM
Fed's Kocherlakota: do 'whatever it takes' to spur U.S. hiring
Bloomberg - 2:05PM
Fed's Kocherlakota Says QE Buffers Against Impact From Shutdown - Bloomberg
CNBC - 2:04PM
Shutdown forces workers to sell stuff
Washington Post - 1:05PM
Absolutely everything you need to know about the debt ceiling
CNBC - 1:03PM
Fed decision on bond buys a 'close call'
Market Watch - 1:03PM
Slide Show: Fed speakers suggest Octaper is remote
Reuters - 1:03PM
Lacker says Fed can't counter U.S. fiscal uncertainty
Market Watch - 11:58AM
Build and buy a house with a single loan
CNBC - 11:54AM
Boehner: 'This isn't some damn game'
CNBC - 11:54AM
Berlusconi faces political expulsion
Bloomberg - 11:45AM
Goldman-Backed Essent Adds Wells Fargo as IPO Underwriter - Bloomberg
CNBC - 11:44AM
Reasons for optimism, and fear, in budget battle
WSJ - 10:02AM
How Bernanke Built a Metal Mountain
www.aei-ideas.org - 9:59AM
10 reasons why a grand budget bargain is a total fantasy right now

Today's Comments

	MBS Live Chat - 1:30PM "2nd try" anyone have any luck with FHA Back to Work - who is taking them?..."
	MBS Live Chat - 1:31PM "you probably won't find too many people that have done them yet, as the borrower has to do a home counseling at least 30 days prior to app, and think most of just got wind of this in the first part of Sept..."
	MBS Live Chat - 1:32PM "sure but cant find an inv who will offer them as of right now..."
	MBS Live Chat - 1:33PM "we are. I think Pinnacle is..."
	MND NewsWire - 4:19PM "Well done, Ted. In anticipation of the shutdown, hopefully most loans in process had 4506-T and SSA forms executed with the IRS and Social Security Administration, respectively. USDA loans are the biggie here, with employees furloughed immediately and offices shuttered...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.30%

+0.02

15 Yr FRM

3.42%

+0.02

FHA 30 Year Fixed

4.00%

+0.00

Jumbo 30 Year Fixed

4.33%

+0.01

5/1 Yr ARM

3.12%

+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

4.49%

0.34

-0.13

15 Yr. Fixed

3.55%

0.33

-0.13

30 Yr. Jumbo

4.53%

0.22

-0.13

30 Yr. FHA

4.21%

0.35

-0.11

5/1 ARM

3.26%

0.28

-0.13

Freddie Mac **

30 Yr. Fixed

4.22%

0.70

-0.10

15 Yr. Fixed

3.29%

0.70

-0.08

1 Yr. ARM

2.63%

0.40

+0.00

5/1 Yr. ARM

3.03%

0.60

-0.04

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

97-15

-0-11

30YR FNMA 3.5

101-25

-0-06

30YR GNMA 3.0

98-09

-0-11

30YR GNMA 3.5

102-19

-0-06

15YR FNMA 3.0

103-13

-0-04

15YR FNMA 2.5

100-12

-0-06

Treasuries

Yield

Change

2 YR

0.3332%

+0.0162

5 YR

1.4108%

+0.0504

10 YR

2.6465%

+0.0401

30 YR

3.7206%

+0.0141

Prices as of: 10/4/2013 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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