Daily Newsletter: Friday November 15, 2013

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30 Year Fixed

                                                                4.35%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.44%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.71%
                                                                  
                                                                +0.0143

FNMA 30YR 3.5

                                                                101-16
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                103-15
                                                                  
                                                                +0-04

View Today's Rates

Friday November 15, 2013

Mortgage Rate Watch - 3:48PM

Mortgage Rates Back to October's Range

Mortgage rates fell just slightly today, though this wasn't the case for every lender. Rate quotes are likely to be at the same note rate as yesterday's, but with slightly lower borrowing ...

MND NewsWire - 1:06PM

Biggest Home Price Gains Since Collapse; Potential Shift Ahead

Another firm has weighed in with an index that confirms both the continuation of the better than year-long housing price gains and that the price performance is beginning to moderate ...

Pipeline Press - 10:17AM

Eminent Domain is Still With us; What Pimco Shrinking Means; Investor Updates

According to Morningstar, Vanguard has overtaken Pimco as the world's largest bond mutual fund with $288B of assets at the end of Oct. vs. $248B for Pimco. I mention this because.. ...

MBS Commentary - 12:26AM

The Day Ahead: Assessing New Range after Beating the Odds

Yesterday - Yellen Confirmation Hearing helped bond markets solidify/add gains - No major surprises from Yellen, but resolute in current need for QE - Much of the rally happened in ...

Latest Video

Waste Management CEO: See bounce back in housing starts

Home ownership is for suckers: Schoenberger

Cashin says: Yellen honeymoon continues

More News from 'Around the Web'

Reuters - 4:26PM
Senate inches toward Fannie, Freddie reform but deal elusive
Reuters - 3:30PM
Judge rules against ResCap noteholders, knocks legal tactics
www.justice.gov - 3:10PM
Former Miami Mortgage Broker and Real Estate Agent Sentenced for Role in Multimillion-Dollar Mortgage Fraud Scheme
Reuters - 2:28PM
White House expresses confidence in Yellen Fed nomination
WSJ - 2:28PM
Why California Homeowners Could Avoid a Tax Hit
www.nytimes.com - 2:28PM
More Cities Consider Eminent Domain to Halt Foreclosures
CNBC - 2:27PM
We were hacked! CME Group says
Federal Reserve - 2:27PM
Federal Reserve Board announces it has not objected to a re-submitted capital plan from Ally Financial Inc.
WSJ - 1:30PM
If Fed Lowers Unemployment Threshold, Key Question Will Be Why?
Bloomberg - 1:12PM
Bidding Wars Wane, Except in Manhattan: Ritholtz Chart - Bloomberg
Bloomberg - 12:41PM
Actually, Economists Can Predict Financial Crises - Bloomberg
WSJ - 11:42AM
Vote for the House of the Week
www.fncinc.com - 11:41AM
Home Prices Show Fastest Quarterly Growth Since Recovery Began
Market Watch - 11:38AM
Bond Report: Treasurys fall for first session in three
Market Watch - 11:37AM
Ackman's firm takes 10% stake in Fannie, Freddie
Reuters - 10:25AM
U.S. wholesale inventories rise in line with forecasts
CNBC - 9:30AM
NY manufacturing plunges to weakest levels in 6 months
Reuters - 9:30AM
U.S. export prices fall in sign global economy doing poorly
CNBC - 9:27AM
US industrial output falls on utilities, mining
WSJ - 8:34AM
Last Week's Demarco Rant on GSEs; Worth Revisiting

Today's Comments

	MBS Live Chat - 12:11PM "Did Wells Worsen or Improve just now?..."
	MBS Live Chat - 12:24PM "REPRICE : 12:24 PM - Wells Fargo Better..."
	MBS Live Chat - 12:26PM "Does any know of a good source for on-line leads that they are willing to share? I have used lead point in the past and have not been happy with the lead quality. I am a very small one man operation only licensed in CO so I am not looking for a high volume of leads. Feel free to e-mail me if you don..."
	MBS Live Chat - 12:33PM "Are extension fees and extended rate lock fees considered bona fide discounts points? Getting conflicting answers...."
	MBS Live Chat - 12:44PM "CS, I've read where you have to show that the lock extension was not due to lender inactivity but delays were due to borrower or seller or other "outside" factors beyond your control in order to put them into the discount costs. CFPB apparently is focusing on these too feeling that slow lenders are making..."
	MBS Live Chat - 12:28PM "semi-colossal discussion on leads earlier today that you should be able to pick up simply by scrolling down. If not, then use the "browse" link at the bottom of the chat window...."
	MBS Live Chat - 12:09PM "Interesting Hilsy blog piece on the next possible Fed move.... http://blogs.wsj.com/economics/2013/11/15/if-fed-lowers-unemployment-threshold-key-question-will-be-why/..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.35%

-0.03

15 Yr FRM

3.44%

-0.03

FHA 30 Year Fixed

4.08%

-0.04

Jumbo 30 Year Fixed

4.33%

-0.02

5/1 Yr ARM

3.22%

-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

4.35%

0.70

+0.19

15 Yr. Fixed

3.35%

0.70

+0.08

1 Yr. ARM

2.61%

0.40

+0.00

5/1 Yr. ARM

3.01%

0.40

+0.05

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

97-07

0-00

30YR FNMA 3.5

101-16

+0-02

30YR GNMA 3.0

98-09

-0-01

30YR GNMA 3.5

102-15

+0-02

15YR FNMA 3.0

103-15

+0-04

15YR FNMA 2.5

100-12

+0-04

Treasuries

Yield

Change

2 YR

0.2942%

+0.0002

5 YR

1.3465%

+0.0165

10 YR

2.7069%

+0.0143

30 YR

3.7947%

+0.0062

Prices as of: 11/15/2013 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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