Daily Newsletter: Thursday November 7, 2013

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30 Year Fixed

                                                                4.29%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.41%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.60%
                                                                  
                                                                -0.0458

FNMA 30YR 3.5

                                                                101-31
                                                                  
                                                                +0-05

FNMA 15YR 2.5

                                                                103-25
                                                                  
                                                                +0-02

View Today's Rates

Thursday November 7, 2013

MND NewsWire - 4:00PM

California Homes Now Affordable to only 1/3 of Californians

Housing affordability is on a prolonged downhill slide in California, falling for the sixth time in the third quarter of 2013. As measured by The California Association of Realtors® ...

MND NewsWire - 2:52PM

Owners and Renters Shaken by Shutdown

The October National Housing Survey was conducted by Fannie Mae during a period that coincided with the federal government shutdown and the debt ceiling debate. Fannie Mae spokesperson ...

Mortgage Rate Watch - 4:36PM

Mortgage Rates Flat Ahead of Important Jobs Report

Mortgage rates were flat to marginally lower today. The mortgage-backed-securities (MBS) that most directly inform lenders' rate sheets were surprisingly unperturbed by the morning ...

MND NewsWire - 1:29PM

Freddie Mac Dividend Will Fully Reimburse Taxpayers; Fannie is Close

Freddie Mac and Fannie Mae each reported strong third quarter financial results today. For Freddie it was the eighth consecutive profitable quarter and for Fannie Mae the seventh. With ...

Latest Video

What will jobs do to bonds?

San Francisco real estate

Jobs report will be weak: Top economist

More News from 'Around the Web'

WSJ - 5:35PM
Fed Won't Taper Until Next Year, Most Economists Agree
WSJ - 5:35PM
What to Watch for in October's Jobs Report
www.cfpbmonitor.com - 5:21PM
CFPB settles lawsuit challenging loan officer bonuses
Market Watch - 3:50PM
Consumer credit shows steady growth in September
www.freddiemac.com - 3:49PM
Moving Freddie Mac and Housing Forward
WSJ - 3:49PM
Yellen's Confirmation Hearing for Fed Set for Nov. 14
WSJ - 2:09PM
Fed's Dudley Sees Deep Seated' Cultural, Ethical Lapses at Many Financial Firms
Bloomberg - 1:56PM
Raising Interest Rates Won't Stop a Housing Boom, Turner Says - Bloomberg
WSJ - 12:39PM
How GDP Report Shows Government Dragging on Growth
The Huffington Post - 12:38PM
Escape From Government Engineered Financial Repression
WSJ - 12:36PM
The ECB's Rate Cut: Five Key Takeaways
NAHB - 12:14PM
Builder Confidence in the 55+ Housing Market Continues to Improve in Third Quarter
NAHB - 12:13PM
Federal Backstop Essential Element of Housing Finance Reform, NAHB Tells Congress
Fannie Mae - 12:08PM
Fannie Mae: Government Shutdown and Debt Ceiling Debate a Real Downer on Consumer Economic and Housing Sentiment
Bloomberg - 10:21AM
Mortgage Delinquencies Reach 5-Year Low as Housing Heals - Bloomberg
business.time.com - 10:20AM
This Incredibly Common Practice Could Tank Your Credit
Bloomberg - 9:23AM
Freddie Mac to Pay Treasury $30.4 Billion on Quarterly Profit - Bloomberg
Market Watch - 8:55AM
Fannie Mae reports $8.7 billion profit
Washington Post - 8:55AM
Economic growth gains momentum in third quarter, with 2.8 percent annual rate
Reuters - 8:55AM
Fannie Mae to pay Treasury $8.6 bln after strong profit

Today's Comments

	MND NewsWire - 11:59PM "Looming ARM resets incited fear and sleepless nights for many borrowers in the mid 2000's. Now many ARM borrowers can hardly wait for their annual rate adjustments as they're eager to see if/how much their payments will drop. With the prospect of low Fed funds rate till (likely) 2015, no one with an..."
	MBS Live Chat - 1:49PM "Anyone locking today instead of waiting for NFP?..."
	MBS Live Chat - 1:52PM "its a gamble, do what your gut tells you to do...."
	MBS Live Chat - 1:52PM "or better yet, what your clients tell you..."
	MBS Live Chat - 1:56PM "I'm playing defense, and recommending locking today. It just seems like there is more risk potential than reward potential tomorrow morning...."
	MBS Live Chat - 2:07PM "what determines the forecast for NFP? a panel of economists?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.29%

-0.01

15 Yr FRM

3.41%

+0.00

FHA 30 Year Fixed

3.95%

+0.00

Jumbo 30 Year Fixed

4.28%

-0.01

5/1 Yr ARM

3.17%

-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

97-23

+0-05

30YR FNMA 3.5

101-31

+0-05

30YR GNMA 3.0

98-22

+0-06

30YR GNMA 3.5

102-29

+0-02

15YR FNMA 3.0

103-25

+0-02

15YR FNMA 2.5

100-20

+0-03

Treasuries

Yield

Change

2 YR

0.2857%

-0.0078

5 YR

1.3053%

-0.0342

10 YR

2.6000%

-0.0458

30 YR

3.7066%

-0.0684

Prices as of: 11/7/2013 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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