Daily Newsletter: Monday September 16, 2013

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30 Year Fixed

                                                                4.59%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.69%
                                                                  
                                                                -0.05

10YR Treasury

                                                                2.87%
                                                                  
                                                                -0.0185

FNMA 30YR 3.5

                                                                99-06
                                                                  
                                                                +0-08

FNMA 15YR 2.5

                                                                101-27
                                                                  
                                                                +0-09

View Today's Rates

Monday September 16, 2013

Mortgage Rate Watch - 6:16PM

Mortgage Rates at Month's Best Levels

Mortgage rates improved again today, bringing them to their best levels of month, just on par with rate sheets from late August. Conforming, 30yr Fixed rates held at 4.625% in some ...

MND NewsWire - 9:34AM

Huge Reversal in California's Sales; Prices Slip

Between a slight decrease this month and a massive negative revision to the previous month, the California real estate market turned on a dime according to San Diego based DataQuick ...

Pipeline Press - 10:24AM

CFPB Unleashes Amendments to ECOA, RESPA, and TILA; is The FHA Doing Better or Isn't it?

Friday I had a blurb in the commentary about using income generated from growing marijuana in underwriting a loan. I received this note: "Regarding income from pot growers, if you have ...

MND NewsWire - 2:45PM

California Realtors Confirm Sales Downturn, but Silver Lining is 'Attached'

Monthly sales figures from the California Association of Realtors® (C.A.R.) confirm indications from DataQuick data posted earlier today that the real estate market in American ...

Latest Video

'Probable' Fed will taper this week: El-Erian

Debating Dodd-Frank 5-years after Lehman's collapse

Survey: Markets expected Summers but wanted Yellen

More News from 'Around the Web'

www.whitehouse.gov - 6:52PM
Remarks by the President at the Five-Year Anniversary of the Financial Crisis
CNBC - 6:52PM
Despite 'Summers rally,' pros brace for volatility
Reuters - 6:52PM
Yellen frontrunner for Fed chair after Summers withdraws: sources
Bloomberg - 6:51PM
JPMorgan Says Stress Test Shows Lender Can Survive Severe Shock - Bloomberg
Bloomberg - 6:51PM
Wells Fargo Provisions Top Losses by $19 Billion in Stress Test - Bloomberg
www.heraldtribune.com - 6:50PM
Jump in Flood Insurance Rates Could Have Ripple Effect
CNBC - 4:00PM
Don't blame the big banks, say Dodd-Frank authors
House Financial Services - 3:59PM
Chairman Hensarling: Real Solution to Financial Crisis Requires Sustainable Housing Finance Reform
www.npr.org - 2:58PM
With Summers Out, Will Obama Turn To Yellen For Fed Post?
CNBC - 2:57PM
Obama's move to pack Fed may have snag
Washington Post - 2:21PM
How Don Kohn, possible Fed chair, is thinking about financial regulation
Google News - 2:20PM
Realtors® Respond to President Obama's Speech on Fifth Anniversary of Financial Crisis
S&P/Case Shiller - 1:02PM
Mortgage Refinance Activity Drops
www.nytimes.com - 12:27PM
Obama to Release Report on Response to Financial Crisis
Reuters - 12:26PM
Traders bet on later Fed rate hike with Summers out of picture
webfeeds.brookings.edu - 12:16PM
How to Create Another Housing Crisis
Bloomberg - 10:46AM
Citigroup Capital Ratios to Surpass Minimums Under Bank-Run Test
Washington Post - 10:30AM
Markets are thrilled Larry Summers won't be Fed chair
CNBC - 9:42AM
Dow soars 150 at open as Summers bows out of Fed race, S&P tops 1700
Bloomberg - 9:04AM
Mortgage Bonds Imperiled by $17 Billion of Sales

Today's Comments

	MND NewsWire - 10:13AM "Nifty charts indeed. Interesting that the OMB says TARP housing programs incurred a loss of 38B, but the always reliable CBO claims it was only 16B. Would think they MIGHT be able to come a little closer than a $22,000,000,000 difference!..."
	MBS Live Chat - 3:45PM "Fed has been wrong on economic forecasts for as long as I can remember. Why would it change now?..."
	MBS Live Chat - 3:51PM "This is why volatility has been with us for so long and will continue to be with us. They say they will act based on economic data but their forecasting never meets reality creating a reactionary Fed always behind the curve...."
	MBS Live Chat - 3:51PM "from wsj arrticle "Fed officials and most private economists thought inflation would be stronger this year. That it hasn't presents something of a mystery, given the overall economy has performed broadly in line with forecasts."..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.59%

-0.05

15 Yr FRM

3.69%

-0.05

FHA 30 Year Fixed

4.25%

-0.06

Jumbo 30 Year Fixed

4.61%

-0.04

5/1 Yr ARM

3.11%

-0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.44%

0.85

+0.40

30 Yr. Fixed

4.27%

1.09

+0.51

MBA **

30 Yr. Fixed

4.80%

0.46

+0.07

15 Yr. Fixed

3.83%

0.42

+0.08

30 Yr. Jumbo

4.84%

0.41

+0.13

30 Yr. FHA

4.56%

0.28

+0.08

5/1 ARM

3.59%

0.43

+0.10

Freddie Mac **

30 Yr. Fixed

4.57%

0.80

+0.00

15 Yr. Fixed

3.59%

0.70

+0.00

1 Yr. ARM

2.67%

0.40

-0.04

5/1 Yr. ARM

3.22%

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

94-27

+0-10

30YR FNMA 3.5

99-06

+0-08

30YR GNMA 3.0

95-17

+0-11

30YR GNMA 3.5

100-05

+0-09

15YR FNMA 3.0

101-27

+0-09

15YR FNMA 2.5

98-16

+0-08

Treasuries

Yield

Change

2 YR

0.3991%

-0.0361

5 YR

1.6351%

-0.0645

10 YR

2.8717%

-0.0185

30 YR

3.8713%

+0.0328

Prices as of: 9/16/2013 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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