Daily Newsletter: Wednesday October 9, 2013

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30 Year Fixed

                                                                4.33%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.42%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.66%
                                                                  
                                                                +0.0256

FNMA 30YR 3.5

                                                                101-07
                                                                  
                                                                -0-12

FNMA 15YR 2.5

                                                                103-01
                                                                  
                                                                -0-11

View Today's Rates

Wednesday October 9, 2013

MND NewsWire - 4:14PM

Plans to Reduce Conforming Loan Limits Under Heavy Fire from Industry Groups, Congress

Pressure appears to be building on the Federal Housing Finance Agency's (FHFA) acting director to back down or at least delay an intended reduction in conforming loan limits for Fannie ...

MND NewsWire - 1:00PM

Yellen Brings Impeccable Foresight and Soothing Continuity as Fed Chair

The White House has confirmed that President Obama will announce his nomination of Janet Yellen to succeed Ben Bernanke as Chairperson of the Federal Reserve's Board of Governors. Yellen ...

Mortgage Rate Watch - 4:39PM

Mortgage Rates Unchanged Despite Market Volatility

Mortgage rates were unchanged today, the the underlying mortgage-backed-securities (MBS) market was volatile. MBS have the most direct effect on mortgage rates of any financial instrument ...

Pipeline Press - 10:51AM

Lots Going on in the Mortgage Insurance Biz; Investor & Vendor Updates Continue

I have decided to take matters into my own hands. I am in the Washington DC area today for the Mid-Atlantic Lender Conference, and I plan on telling Congress to be sure to wait until ...

Latest Video

Fed lost influence on bonds?

Janet Yellen not a Bernanke clone: Pro

Bond investors should bank on Yellen: Bill Gross

More News from 'Around the Web'

Washington Post - 5:02PM
Wonkblog: Fed chair is always a hard job. Yellen is inheriting an even harder one.
CNBC - 5:02PM
Here's how Yellen explains unemployment
WSJ - 3:38PM
Key Passages From Fed Minutes Show Officials Torn on Tapering
Federal Reserve - 2:27PM
Minutes of the Federal Open Market Committee, September 17-18, 2013
CNBC - 2:19PM
Fed minutes: Heated debate in September over whether to taper
WSJ - 1:33PM
Donald Kohn on Janet Yellen: She's the Whole Package'
Reuters - 1:29PM
Default jitters spread to U.S. repo market
Federal Reserve - 1:27PM
Regulators encourage institutions to work with borrowers affected by government shutdown
Realtor.Org - 1:01PM
NAR's Yun on Debt Ceiling: 450,000 Lost Sales with 1% Mortgage Rate Rise
Google News - 12:20PM
NAR: Home Buyers Value Environmentally Friendly Features
www.forbes.com - 11:27AM
4 Ways Government Shutdown Affects New Mortgages
CNN - 10:20AM
Stocks barely budge on Yellen nomination
Market Watch - 10:20AM
Bond Report: Treasurys hold to range on debt-ceiling jitters
Market Watch - 10:20AM
Battered mortgage REITs face uncertain future
CNBC - 10:15AM
More yelling over Yellen? The coming battle royale
Bloomberg - 9:37AM
Mortgage REITs Pose Dangers Requiring More Oversight, IMF Says
CNBC - 9:31AM
JPMorgan seeks to bail on dicey lenders: Report
Reuters - 7:46AM
U.S. mortgage applications edge up on more refinancing: MBA
CNBC - 7:44AM
No, people won't buy bonds on a default: BlackRock
CNBC - 7:44AM
Stocks seen higher on Yellen Fed appointment

Today's Comments

	MND NewsWire - 10:06AM "Surprised anyone's been writing 40 year terms and interest only loans (with exception of jumbos). Now will CFPB start restricting auto loans to 60 months? Saw an 84 month loan on a recent credit report. Good luck staying right side up on that loan!..."
	MBS Live Chat - 2:00PM "RTRS- U.S. FED DECISION NOT TO REDUCE BOND BUYING 'A RELATIVELY CLOSE CALL' FOR SEVERAL VOTING MEMBERS -MINUTES OF SEPT MEETING..."
	MBS Live Chat - 2:00PM "RTRS- A NUMBER OF MEMBERS STRESSED CONTINGENT, DATA-DEPENDENT NATURE OF QE -MINUTES..."
	MBS Live Chat - 2:00PM "RTRS - MEMBERS WORRIED TIGHTER FINANCIAL CONDITIONS COULD SLOW ECONOMY, LABOR MARKET -FED MINUTES..."
	MBS Live Chat - 2:01PM "RTRS- A FEW PARTICIPANTS PREFERRED TO CUT ONLY TREASURIES BUYS WHEN TIME COMES -MINUTES..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.33%

+0.00

15 Yr FRM

3.42%

-0.01

FHA 30 Year Fixed

4.01%

-0.01

Jumbo 30 Year Fixed

4.34%

+0.01

5/1 Yr ARM

3.12%

-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

4.42%

0.44

-0.07

15 Yr. Fixed

3.52%

0.34

-0.03

30 Yr. Jumbo

4.45%

0.21

-0.08

30 Yr. FHA

4.15%

0.37

-0.06

5/1 ARM

3.25%

0.29

-0.01

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

96-29

-0-14

30YR FNMA 3.5

101-07

-0-12

30YR GNMA 3.0

97-26

-0-12

30YR GNMA 3.5

102-04

-0-10

15YR FNMA 3.0

103-01

-0-11

15YR FNMA 2.5

99-32

-0-09

Treasuries

Yield

Change

2 YR

0.3614%

-0.0277

5 YR

1.4240%

-0.0016

10 YR

2.6631%

+0.0256

30 YR

3.7383%

+0.0475

Prices as of: 10/9/2013 4:28PM 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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