Daily Newsletter: Thursday November 21, 2013

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30 Year Fixed

                                                                4.44%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                3.50%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.79%
                                                                  
                                                                -0.0127

FNMA 30YR 3.5

                                                                100-31
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                103-09
                                                                  
                                                                +0-04

View Today's Rates

Thursday November 21, 2013

Mortgage Rate Watch - 3:34PM

Actually Freddie Mac, Mortgage Rates Are Near 2-Month Highs

Mortgage rates may have managed to hold steady to slightly lower , but it's important to understand that today's rates are still significantly higher than Tuesday's. In fact, there ...

MND NewsWire - 2:58PM

Housing Recovery Intact but Moderating Fannie Mae says

Fannie Mae's Economic and Strategic Research Group calls the temporary government shutdown and debt ceiling negotiations in October a blow to consumers who "were cautious in their spending ...

MND NewsWire - 2:51PM

Potential Impacts of Lower Conforming Loan Limits

In the November edition of CoreLogic's e-magazine MarketPulse, Kathryn Dobbyn looks at the potential impact of lower conforming loan limits on the mortgage market. These limits, which ...

Pipeline Press - 10:30AM

CFPB vs. Payday Lender; Rating Agencies Watch QM; Confusion Over Bona Fide Discount Points

Here’s a new date for you to remember: August 1, 2015. We have nearly nine months to implement new disclosure forms . CFPB announced its first enforcement action against a payday ...

Latest Video

El-Erian: Fed feels obliged to support asset markets

'Underwater' homeowner insurance

Markets will have a pause: Pro

More News from 'Around the Web'

business.time.com - 4:44PM
Dow Jones Closes Above 16,000 for the First Time
WSJ - 4:07PM
Fed's Bullard Favors Central Bank Putting Floor Under Inflation
WSJ - 3:32PM
Fed's Lacker Says Tapering Decision in Coming Months' Is as Precise as Possible
Washington Post - 2:25PM
Nine reasons the filibuster change is a huge deal
WSJ - 2:19PM
Fed's Bullard: Rush To Zero Percent Funds Rate May Have Been Mistake
www.usatoday.com - 1:51PM
Reid says he will try again to push Watt nomination
www.nytimes.com - 1:44PM
High Drama in Washington - Landmark Senate Vote Limits Filibusters
Market Watch - 1:36PM
Treasurys hold gains after 10-year TIPS auction
Fannie Mae - 1:14PM
News Release - Signs Point to Economic Volatility in the Near ...
www.collateralvision.com - 12:54PM
FNC Index: Home Prices Show Fastest Quarterly Growth Since Recovery Began
Reuters - 12:53PM
Yellen takes big step toward becoming next Fed chair
Bloomberg - 12:53PM
FHFA Faces Pushback on Cuts to Fannie Mae Apartment Lending - Bloomberg
CNBC - 12:52PM
Do homeowners need underwater insurance?
Washington Post - 12:52PM
CEO Jamie Dimon to FDIC: JPMorgan Chase's fight over Washington Mutual is far from over
Market Watch - 12:52PM
UBS makes immunity deal over interest rates: WSJ
CNBC - 10:58AM
The irony of Ben Bernanke's forward guidance
www.cfpbmonitor.com - 10:58AM
House member questions CFPB auto fair lending guidance cost impact
Reuters - 10:58AM
Yellen clears key Senate hurdle to become next Fed chair
FHFA - 10:57AM
Statement of Alfred M. Pollard, General Counsel, Federal Housing Finance Agency, Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs "Housing Finance Reform: Powers and Structure of a Strong Regulator"
Reuters - 9:44AM
BofA says it should owe zero penalty in 'Hustle' fraud case

Today's Comments

	MBS Commentary - 4:43PM "Awesome insight into the intent of Fed minutes. Bottom line is that no matter how much loan officers want QE Infinity, it's on its last legs, barring a calamitous economic downturn...."
	MBS Live Chat - 2:19PM "OO is correct but the LO has to disclose it..."
	MBS Live Chat - 2:27PM "JR - I never saw seller transfer taxes paid by seller in NC disclosed on buyer's disclosures but now that I'm back in FL I see that they are disclosed. Why is it different in NC? Curious...."
	MBS Live Chat - 2:27PM "transfer taxes have $0 tolerance, at least in VA..."
	MBS Live Chat - 2:57PM "Here's a fun topic.. When is HARP 3.0 coming?..."
	MBS Live Chat - 2:58PM "37 more times likely this afternoon vs this morning..."
	MBS Live Chat - 2:58PM "http://www.usatoday.com/story/news/politics/2013/10/31/mel-watt-filibuster-senate/3324165/..."
	MBS Live Chat - 3:01PM "Is Watt in favor of principal writedowns?..."
	MBS Live Chat - 3:04PM "we don't really know what he would do, but the assumption is that it would be more aggressive than DeMarco, a well-known cyborg, programmed to run the tightest possible ship at the GSEs with less regard for the socioeconomic impact that more lending opportunities might have...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.44%

+0.01

15 Yr FRM

3.50%

+0.00

FHA 30 Year Fixed

4.12%

-0.01

Jumbo 30 Year Fixed

4.40%

-0.01

5/1 Yr ARM

3.25%

-0.03

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

4.46%

0.38

+0.02

15 Yr. Fixed

3.52%

0.33

+0.00

30 Yr. Jumbo

4.47%

0.22

-0.01

30 Yr. FHA

4.14%

0.25

-0.02

5/1 ARM

3.12%

0.27

+0.01

Freddie Mac **

30 Yr. Fixed

4.22%

0.70

-0.13

15 Yr. Fixed

3.27%

0.70

-0.08

1 Yr. ARM

2.61%

0.40

+0.00

5/1 Yr. ARM

2.95%

0.50

-0.06

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

96-19

+0-05

30YR FNMA 3.5

100-31

+0-03

30YR GNMA 3.0

97-23

+0-03

30YR GNMA 3.5

102-03

+0-02

15YR FNMA 3.0

103-09

+0-04

15YR FNMA 2.5

100-02

+0-05

Treasuries

Yield

Change

2 YR

0.2743%

-0.0040

5 YR

1.3632%

-0.0131

10 YR

2.7860%

-0.0127

30 YR

3.8893%

-0.0217

Prices as of: 11/21/2013 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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