Daily Newsletter: Friday September 6, 2013

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30 Year Fixed

                                                                4.77%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                3.84%
                                                                  
                                                                -0.06

10YR Treasury

                                                                2.94%
                                                                  
                                                                -0.0539

FNMA 30YR 3.5

                                                                98-21
                                                                  
                                                                +0-23

FNMA 15YR 2.5

                                                                101-14
                                                                  
                                                                +0-17

View Today's Rates

Friday September 6, 2013

Mortgage Rate Watch - 6:33PM

Mortgage Rates Recover but Remain Near 2-Yr Highs

Mortgage rates fell appreciably today, erasing most of yesterday's move higher. On most any other day, this would be welcome development, but after spending the past 4 days moving to ...

MBS Commentary - 5:25PM

Treasuries Rally After Jobs Data; Mortgages Rally More

MBS Live : MBS Afternoon Market Summary Treasuries and MBS were coming off a rough day heading into this morning's Employment Situation Report. 10yr yields hit their highest levels ...

Pipeline Press - 9:04AM

Are LOs Liable for Illegal Comp Plans? You Bet they Are!; Genworth's take on QM/QRM; Builders Tweak Financing

JPMorgan Chase will reportedly exit the student loan market next month, according to a memo obtained by the Washington Post. "We no longer see any meaningful growth in the private student ...

MBS Commentary - 11:39AM

MBS MID-DAY: Yesterday's Losses Recouped After Jobs Data

MBS Live : MBS Morning Market Summary If you've ever willingly sought and and enjoyed vanilla ice cream, then you're already familiar with the flavor of today's bond market rally. The ...

Latest Video

Mortgage rates volatility

Fed Survey: Fed disturbed by jobs report?

The Week Ahead: Rising rates impact?

More News from 'Around the Web'

CNBC - 7:45PM
Syria will fan flames of September volatility
WSJ - 7:30PM
Henry Paulson Defends Fannie Mae Bailout
Reuters - 5:29PM
Fed tapering still on track, hawk and dove agree
WSJ - 4:23PM
When an HOA Forecloses
CNN - 4:00PM
Labor participation lowest since 1978
economix.blogs.nytimes.com - 4:00PM
Economix Blog: Looking for Furloughs in the Jobs Data
CNBC - 4:00PM
Fake CNN spam announces Syrian bombing
blogs.wsj.com - 3:02PM
Fed Officials Face Cliffhanger September Meeting After Mixed Jobs Report
CRL - 2:58PM
Monitor Report: 643,000 Borrowers Received Over $51 billion in Benefits
Reuters - 2:22PM
Analysis: Waning investor demand opens door for first-time U.S. home buyers
CNBC - 2:21PM
Next interest rate hike: Oct. 2014?
Reuters - 2:21PM
Fed's George favors cutting bond buys to $70 billion per month in September
CNN - 12:57PM
An alarming jump in 'job losers'
Washington Post - 12:57PM
Government jobs are (still) the problem
economix.blogs.nytimes.com - 12:52PM
Economix Blog: The Case Against Tapering in September
economix.blogs.nytimes.com - 12:52PM
Economix Blog: One Month's Data May Not Sway the Fed
CNBC - 12:11PM
Goldman's Hatzius: Fed's taper will 'lean' dovish
CNBC - 11:40AM
Jobs report tempers mortgage rates
CNBC - 10:59AM
Whoa: Three reasons why 7% yields are coming
WSJ - 9:39AM
Unemployment Rate Drops for Wrong Reasons

Today's Comments

	MBS Live Chat - 10:31AM "If they base on data, then Bernanke should have never said anything in May or june, data was still and is still very weak. BUT, FED is scared to death of too much risky trades in risky assets in bond and assets markets, junk bonds, etc. That is why they taper, not because of econ...."
	MBS Live Chat - 10:31AM "has there been a continued improvement in the labor data?..."
	MBS Live Chat - 10:31AM "The Fed is all about giving the markets what they expect. In their mind this adds stability. Some sort of Sept easing is a given now...."
	MBS Live Chat - 10:31AM "The market expects it, teh Fed will deliver...."
	MBS Live Chat - 10:32AM "Basically, the Fed wants out of QE3. That's not debatable anymore I don't think. I also think their primary or really only concern at this point is inflation/deflation as it should be. These jobs reports are not good and they have been deteriorating since they announced their likely trigger ranges in..."
	MBS Live Chat - 10:35AM "still waiting on rates, did we just basically just get back all yesterdays losses in price?..."
	MBS Live Chat - 10:40AM "It's interesting that we are all so focused on tapering these days. Remember when we used to focus on the Fed raising rates? Wonder when that talk will come into play again? Hopeful that won't be for a while...."
	MND NewsWire - 2:01PM "Another very important factor is investors pushing up the condo market. First time homebuyers that could afford $220,000 are now priced out of the market because that same condo is now $310,000. What happens when those investors go away because the return isn't there?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.77%

-0.08

15 Yr FRM

3.84%

-0.06

FHA 30 Year Fixed

4.50%

-0.10

Jumbo 30 Year Fixed

4.75%

-0.04

5/1 Yr ARM

3.19%

-0.03

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

4.73%

0.33

-0.07

15 Yr. Fixed

3.75%

0.30

-0.09

30 Yr. Jumbo

4.71%

0.25

-0.07

30 Yr. FHA

4.48%

0.30

-0.04

5/1 ARM

3.49%

0.37

-0.01

Freddie Mac **

30 Yr. Fixed

4.57%

0.70

+0.06

15 Yr. Fixed

3.59%

0.70

+0.05

1 Yr. ARM

2.71%

0.50

+0.07

5/1 Yr. ARM

3.28%

0.50

+0.04

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

94-10

+0-23

30YR FNMA 3.5

98-21

+0-23

30YR GNMA 3.0

95-02

+0-22

30YR GNMA 3.5

99-15

+0-23

15YR FNMA 3.0

101-14

+0-17

15YR FNMA 2.5

98-05

+0-20

Treasuries

Yield

Change

2 YR

0.4625%

-0.0552

5 YR

1.7635%

-0.0876

10 YR

2.9398%

-0.0539

30 YR

3.8721%

-0.0101

Prices as of: 9/6/2013 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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