Daily Newsletter: Friday September 20, 2013

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30 Year Fixed

                                                                4.45%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.56%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.73%
                                                                  
                                                                -0.0164

FNMA 30YR 3.5

                                                                100-21
                                                                  
                                                                -0-01

FNMA 15YR 2.5

                                                                102-21
                                                                  
                                                                -0-02

View Today's Rates

Friday September 20, 2013

Mortgage Rate Watch - 3:45PM

Mortgage Rates Steady at 6-Week Lows

Mortgage rates held steady today, keeping them in line with the lowest levels seen since early August, and very close to the lowest levels since mid-June. There were no significant ...

MND NewsWire - 1:59PM

NAR Objects to DeMarco's Rumored Loan Limit Changes

The National Association of Realtors ® (NAR) sent a strongly worded letter to Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency yesterday, directed at several ...

MND NewsWire - 1:37PM

Licenses Decline for both State and Federally Regulated Mortgages Companies

The number of companies licensed through the National Mortgage Licensing System (NMLS) declined by 2.1 percent from the second quarter of 2012 to the second quarter of 2013 while the ...

Pipeline Press - 10:18AM

Wells Production Layoffs; PennyMac Non-Agency Deal; Non-QM Developments; MBa is Tough to Type

Whereas the National Association of Realtors has managed to have everyone capitalize the job of their members (Realtor), the MBA (which years ago was the MBAA) took one of their capitalized ...

Latest Video

Fed's taper decision a close call: Bullard

Santelli tracks Treasury yields

Fed's George: Disappointed by Fed decision not to taper

More News from 'Around the Web'

The Atlantic - 4:30PM
The States That Have Already Recovered from the Great Recessionand the States That Won't Until 2018
Reuters - 4:28PM
Fed officials criticize, explain taper delay
Reuters - 4:28PM
Lawsuit accuses JPMorgan of exposing Social Security numbers
Reuters - 4:26PM
Fed's communication branded 'unclear' by economists
www.aei.org - 4:25PM
FHA Watch, September 2013 (Vol. 2, No. 9)
CNBC - 4:20PM
Next up for JPMorgan: A fight with the CFTC
Reuters - 3:13PM
Mortgage industry challenges regulator on U.S. loan limits
CNBC - 3:05PM
Mortgage rise hits refis, not home sales: BofA CEO
CNBC - 3:05PM
Fed hawk says the central bank confused the market
Fannie Mae - 3:00PM
Fannie Mae Prices $1.09 Billion Multifamily DUS REMIC (FNA 2013-M12) Under Its Fannie Mae GeMS Program
Washington Post - 1:14PM
Fed officials have been all over the map on ending QE
Market Watch - 1:13PM
Fed's George: Delaying raises credibility issues
WSJ - 12:02PM
Fed's Bullard: Small Taper Possible in October
Bloomberg - 11:59AM
El-Erian Says Fed-Induced Market Volatility Is Bad for Economy - Bloomberg
CNBC - 11:59AM
House passes bill to kill Obamacare
Reuters - 11:58AM
Fed could taper in October, depending on data: Bullard
The Huffington Post - 11:58AM
Don't Be Fooled: This Year's Debt Limit Fight Is Frighteningly Different
WSJ - 11:56AM
What Rising Interest Rates Mean for Home Prices
The Big Picture - 11:56AM
Buffett: Federal Reserve Is Greatest Hedge Fund in History
The Huffington Post - 11:56AM
How Mom and Pop Real Estate Investors Can Compete With the Wall Street Big Boys

Today's Comments

	MBS Live Chat - 12:40PM "The deed of trust states they will occupy for 12 months...."
	MBS Live Chat - 12:40PM "I've had issues before in that exact same situation. Had to refi his current primary into an investment..."
	MBS Live Chat - 12:41PM "i've had same where UW never asked to confirm the type of financing on prev refi so no problems..."
	MBS Live Chat - 12:41PM "UNLESS - you did the loan 3 months ago and your not a broker..."
	MBS Live Chat - 12:44PM "RTRS- FED'S GEORGE: REDUCING QE WOULD HAVE ALLOWED MARKETS TO ADJUST GRADUALLY; FED CREDIBILITY NOW AT RISK..."
	MBS Live Chat - 12:45PM "I agree with her and Fink, Fed had "free pass" to taper at least a little bit...."
	MBS Live Chat - 12:45PM "and the market reaction would have been the same, or close to it...."
	MBS Live Chat - 12:45PM "yup, i think most agree with George, most on the street at least..."
	MBS Live Chat - 12:55PM "RTRS - REUTERS POLL-U.S. FEDERAL RESERVE TO TAPER MONTHLY BOND PURCHASES IN DECEMBER, SAY 42 OF 61 ECONOMISTS..."
	MBS Live Chat - 12:55PM "RTRS- REUTERS POLL-U.S. FEDERAL RESERVE WILL BEGIN TRIMMING MONTHLY BOND BUYS BY $15 BILLION, SAY ECONOMISTS..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.45%

+0.00

15 Yr FRM

3.56%

+0.01

FHA 30 Year Fixed

4.18%

-0.02

Jumbo 30 Year Fixed

4.43%

-0.01

5/1 Yr ARM

3.16%

+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

96-13

-0-01

30YR FNMA 3.5

100-21

-0-01

30YR GNMA 3.0

97-07

-0-05

30YR GNMA 3.5

101-24

-0-03

15YR FNMA 3.0

102-21

-0-02

15YR FNMA 2.5

99-19

+0-01

Treasuries

Yield

Change

2 YR

0.3345%

-0.0002

5 YR

1.4785%

-0.0034

10 YR

2.7337%

-0.0164

30 YR

3.7622%

-0.0358

Prices as of: 9/20/2013 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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