Monday September 30, 2013
Mortgage Rate Watch - 6:45PM
Mortgage rates rose very slightly today for the first time in 3 weeks. The difference in rate sheets compared to Friday's latest was minimal, and some lenders were actually slightly ...
MND NewsWire - 12:38PM
While the real estate market has been bubbling, Robert J. Shiller doesn't think we are in a real estate bubble. At least not yet . Shiller who, along with Karl Case, developed the S&P ...
MND NewsWire - 12:48PM
Another definition of Qualified Mortgage (QM) was rolled out for comment today. This one, proposed by the Department of Housing and Urban Development (HUD) would apply to mortgages ...
Pipeline Press - 10:47AM
"Rob, I attended a seminar last week, and one of the speakers mentioned something called 'Freddith Mae'. Ever heard of that?" Nope - either I'm out of touch & confused, or someone ...
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"same Lock/float consensus for a close on Oct 21? Lock it up?..."
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"I will say this until I go blue in the face. If you need to come on here and ask advice about whether you should lock from complete strangers who have never met or spoken to you ever, you are working with the wrong loan officer..."
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"I agree too, but on the other hand don't you educate your client on the pros/cons of floating/locking and then have them decide? They might be on here to do research and get informed. Doesn't mean they are working with the wrong person...."
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"LL, depends on the terms, I would say lock, only because rates are as good as they have been in the last 3 or so months, also, based on what has happened over the last few months when rates do rise, it will most likely be quick...."
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"MU, I seriously doubt most LO's have their ear to the market than the regular MBS live user. I think it is wise for a consumer to use whatever tools are available to them to make a decision that is in their best interest, regardless of who they are working with, if I was a consumer I would do the same..."
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Today's Rates
30 Yr FRM
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4.29%
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+0.01
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15 Yr FRM
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3.41%
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+0.01
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FHA 30 Year Fixed
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4.00%
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+0.00
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Jumbo 30 Year Fixed
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4.33%
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+0.00
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5/1 Yr ARM
|
3.10%
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+0.02
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Average Mortgage Rates
15 Yr. Fixed
|
3.62%
|
1.06
|
+0.18
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30 Yr. Fixed
|
4.49%
|
1.21
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+0.22
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30 Yr. Fixed
|
4.62%
|
0.41
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-0.13
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15 Yr. Fixed
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3.68%
|
0.28
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-0.13
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30 Yr. Jumbo
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4.66%
|
0.29
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-0.17
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30 Yr. FHA
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4.32%
|
0.37
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-0.18
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5/1 ARM
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3.39%
|
0.35
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-0.15
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30 Yr. Fixed
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4.32%
|
0.70
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-0.18
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15 Yr. Fixed
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3.37%
|
0.70
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-0.17
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1 Yr. ARM
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2.63%
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0.40
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-0.02
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5/1 Yr. ARM
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3.07%
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0.50
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-0.04
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* FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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Secondary Markets
30YR FNMA 3.0
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97-24
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+0-05
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30YR FNMA 3.5
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101-28
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+0-04
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30YR GNMA 3.0
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98-17
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-0-01
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30YR GNMA 3.5
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102-23
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-0-02
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15YR FNMA 3.0
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103-17
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+0-06
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15YR FNMA 2.5
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100-19
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+0-06
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2 YR
|
0.3207%
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-0.0156
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5 YR
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1.3880%
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-0.0146
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10 YR
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2.6154%
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-0.0109
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30 YR
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3.6934%
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+0.0096
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Prices as of: 9/30/2013 4:30PM EST
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