Daily Newsletter: Friday November 22, 2013

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30 Year Fixed

                                                                4.43%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.50%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.74%
                                                                  
                                                                -0.0415

FNMA 30YR 3.5

                                                                101-06
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                103-11
                                                                  
                                                                +0-02

View Today's Rates

Friday November 22, 2013

MND NewsWire - 4:07PM

Foreclosure Inventory Falls to 5 year Low

Lender Processing Services (LPS) said today that the national foreclosure pre-sale inventory is at its lowest level since 2008 . The inventory, the number of loans that are in some ...

Mortgage Rate Watch - 3:50PM

Mortgage Rates Steady to Slightly Lower

Mortgage rates were steady to slightly lower today, though they remain elevated on the week ( read more... ). Most lenders are effectively unchanged compared to yesterday's latest rate ...

MND NewsWire - 10:57AM

Role of Property Tax in Health of Housing Market

Property taxes are collected by virtually all local governments; levied on land, commercial properties, and residential homes. Taxes are generally determined by a combination of the ...

MBS Commentary - 4:51PM

MBS RECAP: Decent Improvement, but not Many Reprices

MBS Live : MBS Afternoon Market Summary Superficially, today looks like a good one for MBS markets with Fannie 3.5s up a quarter of a point heading into the close. But the "yeah buts ...

Latest Video

Goldman's bond guru: Do think rates go higher

Fed's Lockhart: Decision to delay taper has been 'vindicated'

The Week Ahead: Black Friday

More News from 'Around the Web'

CNBC - 4:32PM
Fed's Tarullo details plans to counter bank runs
Washington Post - 4:30PM
Fannie Mae, Freddie Mac attract investor groups
CFPB - 4:27PM
We looked at the impact of regulations at financial institutions
Reuters - 4:26PM
U.S. seeks to add former Wells Fargo exec as fraud defendant
Bloomberg - 2:40PM
More Fannie Mae Borrower Aid Expected After Watt Confirmation - Bloomberg
National Housing Conference - 2:20PM
Senate Banking examines transition path for housing finance reform
CNBC - 1:33PM
The 'nuclear option' and the economy
Washington Post - 1:33PM
Wonkblog: Homelessness has dropped 9 percent since 2007. Will it last?
Bloomberg - 12:46PM
Bill Ackman Says Fannie Mae Is 'Most Interesting' Opportunity - Bloomberg
WSJ - 12:46PM
Vital Signs: More Workers Are Calling It Quits and That's a Good Thing
Bloomberg - 12:44PM
Who's Paying for JPMorgan's Settlements? - Bloomberg
WSJ - 10:38AM
Senate Rule Change Could Ease Housing Regulator's Confirmation
Reuters - 10:27AM
Exclusive: Euro zone mulls cheap loans as incentive for economic reforms - document
Bloomberg - 10:23AM
Fed Not in the 'Danger Zone' as Exit Approaches, Lockhart Says - Bloomberg
Google News - 10:20AM
Modest Growth Seen in Commercial Real Estate Markets
HUD - 10:16AM
Housing Notice 2013-29
Bloomberg - 9:12AM
BlackRock Says JPMorgan Deal Undermining US Market: Mortgages - Bloomberg
CNBC - 9:08AM
US bonds hold gains after Thursday's rally
www.lpsvcs.com - 9:08AM
LPS' October "First Look" Mortgage Report: Foreclosure Inventory Lowest Since 2008; Mississippi Now Leads Nation in Delinquent, Non-Current Loans
CNBC - 9:07AM
Janet Yellen highly qualified to be Fed chair: Atlanta Fed. President Lockhart

Today's Comments

	MBS Live Chat - 12:12PM "This is a nice surprise..."
	MBS Live Chat - 12:13PM "in this morning's update: "trader participation should drop off even more quickly than it already has by noon Eastern. This could make for illogical volatility in the afternoon, but the general expectation for a sideways to slightly positive grind is already playing out."..."
	MBS Live Chat - 12:16PM "I'd be happy to call it a day right here. Who's with me?..."
	MBS Live Chat - 12:17PM "if you look at the charts around 11am, you can see where the day unofficially ended. Everything since then is just epilogue...."
	MBS Live Chat - 12:22PM "please explain MG..."
	MBS Live Chat - 12:33PM "One of the toughest things for me to wrap my mind around back in the day was this idea that bond markets could be illiquid. I sat in my office with CNBC on, originating mortgages, thinking that markets were markets. If "Citi never sleeps," then surely these flashing numbers on my TV and computer screen..."
	MBS Live Chat - 12:34PM "It's like a pick up basketball game... During prime time when the best players are there, you get the truest sense of how the teams are doing vs each other. Sometimes, the higher level players will play all day. Other times, they'll leave early--sometimes with one team seeing more attrition than the..."
	MBS Live Chat - 12:35PM "But the game keeps going... Red vs Green. Depending on who joins which side, the game could suddenly head a different direction, and it's not necessarily indicative of how things have gone or will go when the varsity players get back...."
	MBS Live Chat - 12:37PM "so my point is that these triangles on data-free Fridays that point perfectly toward noon tend to show you how the game was going, and what the final score would have been...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.43%

-0.01

15 Yr FRM

3.50%

+0.00

FHA 30 Year Fixed

4.12%

+0.00

Jumbo 30 Year Fixed

4.40%

+0.00

5/1 Yr ARM

3.23%

-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

4.46%

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

96-28

+0-09

30YR FNMA 3.5

101-06

+0-07

30YR GNMA 3.0

98-01

+0-10

30YR GNMA 3.5

102-09

+0-06

15YR FNMA 3.0

103-11

+0-02

15YR FNMA 2.5

100-04

+0-02

Treasuries

Yield

Change

2 YR

0.2825%

+0.0082

5 YR

1.3485%

-0.0147

10 YR

2.7445%

-0.0415

30 YR

3.8319%

-0.0574

Prices as of: 11/22/2013 4:32PM 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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