Daily Newsletter: Tuesday November 12, 2013

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30 Year Fixed

                                                                4.46%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                3.53%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.77%
                                                                  
                                                                +0.0243

FNMA 30YR 3.5

                                                                100-19
                                                                  
                                                                -0-09

FNMA 15YR 2.5

                                                                102-31
                                                                  
                                                                -0-10

View Today's Rates

Tuesday November 12, 2013

Mortgage Rate Watch - 4:38PM

Mortgage Rates Add to Friday's Weakness

Mortgage rates rose slightly today , extending the losses suffered after Friday's strong employment data. There was no new reason for rates to move higher today and what little movement ...

MND NewsWire - 12:58PM

52 Million Mortgages, Fewer Delinquencies, Higher Credit Scores

The national mortgage delinquency rate was down by nearly a quarter in the June-September period compared to the third quarter of 2012, marking the seventh straight quarter in which ...

MND NewsWire - 12:50PM

Homeowner Savings through HAMP top $22 Billion

Homeowners have saved an estimated $22.9 Billion in mortgage payments through the Home Affordable Modification Program (HAMP) since it began in 2009. The monthly report from the Making ...

MND NewsWire - 10:32AM

NAR Urges Congress to Prioritize Housing Policy

The new president of the National Association of Realtors® (NAR) called on policymakers to making housing a priority and make the decisions necessary for a complete housing market ...

Latest Video

Pisani's market open: DR Horton orders disappoint

Health of housing in America

Cashin says: Market pricing around the Fed

More News from 'Around the Web'

Bloomberg - 5:03PM
RBNZ Sees Signs of Loan Limits Starting to Curb Housing Demand - Bloomberg
Reuters - 5:03PM
Two Fed officials say aggressive policy action still needed
Bloomberg - 5:03PM
Congress Approval Sinks to Record Low 9 Percent in Survey - Bloomberg
Reuters - 3:56PM
U.S. bank regulator refines use of independent consultants
www.cfpbmonitor.com - 3:47PM
Mount Holly town council vote on settlement expected tomorrow
DataQuick - 2:13PM
October Southland Home Sale Press Release
business.time.com - 2:12PM
Where the Next Huge Real Estate Bubble May Be Building
Bloomberg - 1:57PM
This Recovery's Great If You Were Already Rich - Bloomberg
freddiemac.mwnewsroom.com - 1:43PM
Two-in-Five Borrowers Shorten Term When Refinancing
CNBC - 1:05PM
Easier to get a mortgage? For some ...
Bloomberg - 12:21PM
Fed's Lockhart Wants to See Higher Inflation Before QE Tapering - Bloomberg
freddiemac.mwnewsroom.com - 12:20PM
Freddie Mac Further Reduces Taxpayer Exposure With Credit Risk Insurance
FHFA - 12:20PM
Statement of FHFA Acting Director Edward J. DeMarco on Freddie Mac Insurance Risk-Sharing Transaction
www.corelogic.com - 11:33AM
CoreLogic Reports Home Prices Rise by 12 Percent Year Over Year in September
content.govdelivery.com - 10:54AM
FDIC Releases Economic Scenarios for 2014 Stress Testing
WSJ - 10:29AM
Three Factors That Could Shape the Fate of Housing Overhaul
Bloomberg - 10:27AM
Dalio Says Fed Won't Be Able to Increase Rates for Years - Bloomberg
www.easyir.com - 9:27AM
TransUnion: Mortgage Delinquency Rate Drops Nearly 25% in Last Year
Bloomberg - 9:26AM
Bank of America CEO Says U.S. Consumers Are Spending More
CNBC - 8:27AM
Fewer late on their mortgages

Today's Comments

	Mortgage Rate Watch - 8:15PM "It seems as though perception is everything when it comes to MBS but this is ridiculous. .When the unemployment rate goes up and the labor participation rate drops as low as it's been in decades all you hear is "taper" talk again and rates go up. Do any of these numbers have reasonable meaning or are..."
	MND NewsWire - 3:02PM "How do we get this into the mainstream media? Shout it from the roof top!..."
	Mortgage Rate Watch - 2:33PM "That is an excellent response! And to complete it with reminding us that most of us would much prefer volatility around 4.5% vs. stability at 5.5% is right on. The only exception I might think of is for loan officers who are strictly paid a salary at certain banks. It would be one less thing for them..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.46%

+0.04

15 Yr FRM

3.53%

+0.03

FHA 30 Year Fixed

4.25%

+0.10

Jumbo 30 Year Fixed

4.38%

+0.10

5/1 Yr ARM

3.19%

+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

4.32%

0.42

-0.01

15 Yr. Fixed

3.44%

0.30

+0.02

30 Yr. Jumbo

4.37%

0.26

+0.01

30 Yr. FHA

4.07%

0.22

+0.01

5/1 ARM

3.08%

0.31

-0.09

Freddie Mac **

30 Yr. Fixed

4.16%

0.80

+0.06

15 Yr. Fixed

3.27%

0.70

+0.07

1 Yr. ARM

2.61%

0.50

-0.03

5/1 Yr. ARM

2.96%

0.50

+0.00

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

96-10

-0-07

30YR FNMA 3.5

100-19

-0-09

30YR GNMA 3.0

97-09

-0-04

30YR GNMA 3.5

101-17

-0-08

15YR FNMA 3.0

102-31

-0-10

15YR FNMA 2.5

99-23

-0-09

Treasuries

Yield

Change

2 YR

0.3298%

+0.0160

5 YR

1.4546%

+0.0379

10 YR

2.7738%

+0.0243

30 YR

3.8573%

+0.0083

Prices as of: 11/12/2013 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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