Daily Newsletter: Thursday September 19, 2013

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30 Year Fixed

                                                                4.45%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.55%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.75%
                                                                  
                                                                +0.0532

FNMA 30YR 3.5

                                                                100-22
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                102-23
                                                                  
                                                                +0-01

View Today's Rates

Thursday September 19, 2013

Mortgage Rate Watch - 5:19PM

Mortgage Rates Continue Lower Despite Market Reversal

Mortgage rates moved moderately lower on average today. Not all lenders improved, but most did. Those who were in similar or higher territory compared to yesterday's latest rates were ...

MND NewsWire - 12:22PM

Highest Home Sales Since 2005 May be Temporary Peak

Existing home sales reached a six-and-a half year peak in August, increasing 1.7 percent to a seasonally adjusted annual rate of 5.48 million units compared to 5.39 million in July ...

MND NewsWire - 3:36PM

Debate over Mortgage Interest Deduction, Government Role in Housing

There was sharp disagreement among participants in at least one panel at a forum on the future of housing sponsored by the National Association of Home Builders (NAHB) and produced ...

MBS Commentary - 7:24PM

MBS RECAP: Catching Breath after FOMC

MBS Live : MBS Afternoon Market Summary There's a decent enough chance that if you didn't know what happened yesterday, today's weakness would be just as frustrating as any other weakness ...

Latest Video

Mortgage rates lower

Pimco's El-Erian: 'Fed taper is not probable this year'

Existing home sale up 1.7% in August

More News from 'Around the Web'

Bloomberg - 5:45PM
Pimco's Gross Sees More Focus on Inflation by Fed Under Yellen - Bloomberg
CNN - 5:45PM
Warren Buffett's pick for Federal Reserve chair is Ben Bernanke
CNBC - 4:17PM
Mortgage slump forces new layoffs at Wells Fargo
CNN - 3:29PM
High speed traders reacted instantly to Fed
WSJ - 3:28PM
Meyer: Yellen Likely to Continue Aggressive Monetary Policy
WSJ - 3:26PM
Housing Inventory Crunch Starting to Slowly Ease
Bloomberg - 3:25PM
Ex-Countrywide President Plans Mortgage-Bond Return at PennyMac - Bloomberg
Bloomberg - 1:17PM
Fed's Pianalto Says Renters Need More Access to Affordable Homes
Reuters - 12:49PM
Real estate firm Re/Max expects IPO to be priced at $19-$21/shr
Bloomberg - 12:33PM
Bernanke Faith in Housing Seen Shaken in Bonds: Credit Markets - Bloomberg
CNBC - 12:31PM
What now? 3 things to watch from Fed decision
Reuters - 11:40AM
New York proposes new rules for force-placed insurance
Reuters - 11:40AM
Wells Fargo cutting 1,800 jobs in mortgage business
CNBC - 11:39AM
Home sales 'last hurrah' for next 12 months
FHFA - 11:38AM
FHFA Launches Quarterly Report on Fannie Mae, Freddie Mac and Federal Home Loan Banks Financial Performance
CNBC - 10:46AM
What housing slowdown? Resales at 6.5-year highs
WSJ - 10:46AM
Goldman Sachs: Higher Mortgage Rates to Weigh on Economic Growth
Google News - 10:45AM
NAR: August Existing-Home Sales Rise, Limited Inventory Continues to Push Prices
freddiemac.mwnewsroom.com - 10:44AM
Freddie Mac: Mortgage Rates Move Lower
CNBC - 10:42AM
Existing home sales jump 1.7 percent in August, better than expected

Today's Comments

	MBS Live Chat - 2:32PM "Does anyone else feel robbed? The last 4 months have been brutal and rates today remain 1% higher versus early May, all due to tapering talk... tapering which was canceled but we're still left with higher rates..."
	MBS Live Chat - 2:33PM "Traders know taper will happen eventually...."
	MBS Live Chat - 2:33PM "Wasn't cancelled, just delayed...."
	MBS Live Chat - 2:34PM "Nope, yesterday was a very unexpected surprise, take your gains and get ready for when tapering does start..."
	MBS Live Chat - 2:35PM "it's not like it was gonna happen and now it's not. There's been a big, thematic shift in the nature of bond markets from the pre-May epoch to now. I would argue (and did) that it was happening in Jan/Feb, in that we were moving from a world where QE was omnipresent, and potentially going to get bigger..."
	Mortgage Rate Watch - 6:26PM "I love your blog...Thank you..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.45%

-0.04

15 Yr FRM

3.55%

-0.04

FHA 30 Year Fixed

4.20%

-0.05

Jumbo 30 Year Fixed

4.44%

-0.06

5/1 Yr ARM

3.15%

-0.01

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

4.75%

0.39

-0.05

15 Yr. Fixed

3.81%

0.34

-0.02

30 Yr. Jumbo

4.83%

0.33

-0.01

30 Yr. FHA

4.50%

0.41

-0.06

5/1 ARM

3.54%

0.43

-0.05

Freddie Mac **

30 Yr. Fixed

4.50%

0.70

-0.07

15 Yr. Fixed

3.54%

0.70

-0.05

1 Yr. ARM

2.65%

0.40

-0.02

5/1 Yr. ARM

3.11%

0.50

-0.11

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

96-14

-0-09

30YR FNMA 3.5

100-22

-0-05

30YR GNMA 3.0

97-12

-0-04

30YR GNMA 3.5

101-27

0-00

15YR FNMA 3.0

102-23

+0-01

15YR FNMA 2.5

99-18

-0-03

Treasuries

Yield

Change

2 YR

0.3347%

+0.0081

5 YR

1.4819%

+0.0460

10 YR

2.7501%

+0.0532

30 YR

3.7980%

+0.0456

Prices as of: 9/19/2013 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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