Daily Newsletter: Monday September 23, 2013

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30 Year Fixed

                                                                4.42%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.53%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.70%
                                                                  
                                                                -0.0329

FNMA 30YR 3.5

                                                                101-01
                                                                  
                                                                +0-12

FNMA 15YR 2.5

                                                                102-31
                                                                  
                                                                +0-10

View Today's Rates

Monday September 23, 2013

Mortgage Rate Watch - 5:14PM

Mortgage Rates Push Further Into 6-Week Lows

Mortgage rates continued lower today, bringing rates in line with the lowest levels seen during the past 4 months (officially, 6-week lows as several days have been slightly better ...

MND NewsWire - 5:03PM

Pending Sales: Another Indication of Cooling California Boom

Like closed sales which were reported last week, pending real estate sales in California dropped in August while distressed home sales were down to levels last seen six years ago the ...

MND NewsWire - 4:17PM

Possible Ulterior Motive Behind New CFPB HMDA Tool

A national law firm which frequently analyzes actions either coming from or having an impact on the Consumer Financial Protection Agency raised questions today about one of the Bureau ...

MND NewsWire - 2:15PM

Home Prices Less Than 15 Percent Away From 2006 Peak

Lender Processing Services (LPS) Home Price Index (HPI) rose 0.6 percent in July compared to June. The index has increased 7.5 percent since the end of 2012 and is 8.7 percent higher ...

Latest Video

Real estate crowdfunding

The White House's next move

Fed's Dudley's two tests for tapering

More News from 'Around the Web'

Reuters - 5:18PM
Citigroup to cut 1,000 mortgage jobs, mostly in Las Vegas
WSJ - 4:44PM
How Do You Say Fixed-Rate, Full-Allotment Overnight Reverse Repo Facility' in English?
blog.hud.gov - 4:42PM
The Why of the What We Do
Reuters - 4:42PM
Fed's Fisher urged trimming $10 billion in Treasuries buying
content.govdelivery.com - 3:02PM
Remarks by FDIC Chairman Gruenberg to the Third Annual American Banker Regulatory Symposium
huizenga.house.gov - 2:59PM
Huizenga Talks PATH Act, Consumer Mortgage Choice Act In Financial Services Sunday Video Message
CNBC - 2:58PM
Long-feared mortgage meltdown is here
Reuters - 2:57PM
Bank of America goes to trial over U.S. mortgage fraud charges
Reuters - 1:45PM
Exclusive - Oaktree group to sell U.S. foreclosed homes: sources
www.lpsvcs.com - 1:11PM
LPS Home Price Index Report: July 2013 Transactions
Reuters - 1:01PM
Fed to push hard now; can step back later this year: Dudley
Washington Post - 12:54PM
Why are 47 million Americans on food stamps? It's the recession, mostly.
www.cfpbmonitor.com - 12:40PM
Use of HMDA data may lead to increase in enforcement actions and litigation
Bloomberg - 11:37AM
Mortgage Bonds Boost Risk With Pre-Crisis Features, Moody's Says
WSJ - 11:18AM
Rethinking Fannie, Freddie---and the 30-Year Mortgage
CNBC - 11:15AM
Real estate's new frontier: Crowdfunding
FHFA - 11:14AM
FHFA Launches National Education Campaign to Reach Homeowners Eligible for Mortgage Refinance under HARP
WSJ - 10:32AM
Yellen Would Bring Tougher Tone to Fed - Wall Street Journal
Washington Post - 10:31AM
Shutdown countdown: What the next eight days could bring
CNN - 10:31AM
Fed's Dudley: Economy still too weak to taper

Today's Comments

	Pipeline Press - 11:35AM "Hi Rob, I noticed the pricing discrepancy you mentioned as well. Bankrate and Informa RS rate tables had the same issue. I think what some lenders are doing is setting their 'margin' to '0' on the rate tables in order to boost their traffic. Seems to me like a variation of bait and switch. Unless of..."
	Pipeline Press - 11:57AM "Another thing that I have noticed on Bankrate are the APR's on FHA loans. Unless I'm missing something, it's not possible to have the same Note rate and APR due to the upfront MIP and life-of-loan MI. In the fine print it states that the payments are P&I only and don't take into account the taxes and..."
	MBS Live Chat - 2:28PM "3.5 is valid as well. I'll probably change it if we hold ground tomorrow. 3.5 is definitely affecting sheets..."
	MBS Live Chat - 2:29PM "i'd like to see 101 held before you shift coupons, personally..."
	MBS Live Chat - 2:48PM "Anyone have any updates from Kroll? What's been the turnaround times since the floods started out there?..."
	MBS Live Chat - 3:15PM "kroll is back up jeff..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.42%

-0.03

15 Yr FRM

3.53%

-0.03

FHA 30 Year Fixed

4.14%

-0.04

Jumbo 30 Year Fixed

4.40%

-0.03

5/1 Yr ARM

3.12%

-0.04

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

96-25

+0-12

30YR FNMA 3.5

101-01

+0-12

30YR GNMA 3.0

97-19

+0-12

30YR GNMA 3.5

102-01

+0-09

15YR FNMA 3.0

102-31

+0-10

15YR FNMA 2.5

99-24

+0-05

Treasuries

Yield

Change

2 YR

0.3344%

-0.0001

5 YR

1.4489%

-0.0296

10 YR

2.7008%

-0.0329

30 YR

3.7277%

-0.0345

Prices as of: 9/23/2013 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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