Daily Newsletter: Friday January 10, 2014

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30 Year Fixed

                                                                4.52%
                                                                  
                                                                -0.10

15 Year Fixed

                                                                3.53%
                                                                  
                                                                -0.11

10YR Treasury

                                                                2.86%
                                                                  
                                                                -0.1036

FNMA 30YR 3.5

                                                                100-07
                                                                  
                                                                +0-18

FNMA 15YR 2.5

                                                                102-16
                                                                  
                                                                +0-14

View Today's Rates

Friday January 10, 2014

Mortgage Rate Watch - 3:25PM

Mortgage Rates Tumble to 1-Month lows After Jobs Report

Mortgage rates fell abruptly today , following a significantly weaker than expected Employment Situation report. The data hit markets before most lenders had rates available for the ...

MBS Commentary - 12:50PM

MBS MID-DAY: Bond Market Much Stronger After Jobs Data, but Not All Lenders' Rate Sheets

This morning's jobs report was stunningly weaker than expected, with NFP coming in at 74k vs a consensus forecast of 196k. As far as misses go, this was a big one , eclipsing the the ...

MND NewsWire - 1:05PM

Fannie Mae, CFPB in Sync on Servicer Rules

A recent article for Fannie Mae's Housing Industry Forum makes the point that when it comes to the new servicing rules which go into effect today, Fannie and the Consumer Financial ...

MBS Commentary - 6:36AM

MBS Day Ahead: What Can ADP Tell us About NFP?

This analysis isn't intended to extoll the virtues of ADP, but it's going to seem that way based on the objective facts offered. It's also meant to stand as a reference piece to build ...

Latest Video

December nonfarm payrolls up 74,000, misses expectations

Don't pay attention to jobs numbers: Zandi

Santelli's issue with employment number

More News from 'Around the Web'

www.cfpbmonitor.com - 4:22PM
CFPB releases additional resources for mortgage consumers
CNBC - 1:36PM
Housing market booms for Boomer retirees
Reuters - 1:36PM
Inflation the 'wildcard' this year: U.S. Fed's Bullard
Realtor.Org - 1:10PM
Mortgage Availability Tightening? QM Takes Effect Today
CFPB - 1:09PM
Live from Phoenix!
CNBC - 1:09PM
Fed could ignore ugly jobs data-for now
CFPB - 12:31PM
Updated Exam Procedures from CFPB
Washington Post - 12:15PM
If you're at all interested in the Labor Force Participation Rate, read this WaPo article
CNN - 12:06PM
Stanley Fischer nominated as Fed vice chair
Bloomberg - 12:05PM
Gross Says Fed on Course to End QE Even With Slowing Job Growth - Bloomberg
CNBC - 11:26AM
Weak job participation rips the housing recovery
CNBC - 10:57AM
New mortgage rules: No traps, no runarounds
Reuters - 10:54AM
Obama names Fischer as Fed Vice Chair: White House
FHFA - 10:53AM
Federal Housing Finance Agency Director Mel Watt Announces Four Staff Appointments
WSJ - 10:53AM
Fed Sent $77.7 Billion in Profits to Treasury Last Year
WSJ - 10:53AM
Hilsenrath Analysis: Job Report Alone Unlikely to Alter Fed's Course
Bloomberg - 10:28AM
Understanding the Anemic Jobs Recovery - Bloomberg
CNBC - 10:27AM
Obama to nominate three to the Fed on Friday

Today's Comments

	MBS Live Chat - 10:53AM "It was reported that job growth the last 2 years was about the same. If that's the case, and the Fed has tied tapering to the labor market, why are we tapering now?..."
	MBS Live Chat - 10:55AM "tapering is only MOSTLY about the labor market. It's partly about them wanting to be out for other reasons (limited efficacy from incremental increases and potential disruptions to proper market functioning). Also, Bernanke said in March 2013 that they're just looking for "near-term momentum." They wanted..."
	MBS Live Chat - 12:28PM "CFPB announcement: http://www.consumerfinance.gov/guidance/supervision/manual/?utm_source=newsletter&utm_medium=email&utm_campaign=20141001+RegImp..."
	MBS Live Chat - 4:08PM "REUTERS POLL - FED TO PROCEED WITH ANOTHER $10 BLN TAPER TO U.S. BOND PURCHASE PROGRAM DESPITE DISMAL DEC JOBS REPORT..."
	MBS Live Chat - 4:08PM "REUTERS POLL - FED TO TRIM MONTHLY BOND PURCHASES BY $10 BLN AT EACH FOMC MEETING NEXT YEAR -57 OF 61 ECONOMISTS..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.52%

-0.10

15 Yr FRM

3.53%

-0.11

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.40%

-0.15

5/1 Yr ARM

3.27%

+0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.62%

1.06

+0.18

30 Yr. Fixed

4.49%

1.21

+0.22

MBA **

30 Yr. Fixed

4.72%

0.28

+0.00

15 Yr. Fixed

3.77%

0.34

+0.04

30 Yr. Jumbo

4.66%

0.12

+0.00

30 Yr. FHA

4.36%

0.15

+0.01

5/1 ARM

3.33%

0.44

+0.02

Freddie Mac **

30 Yr. Fixed

4.51%

0.70

-0.02

15 Yr. Fixed

3.56%

0.60

+0.01

1 Yr. ARM

2.56%

0.50

+0.00

5/1 Yr. ARM

3.15%

0.40

+0.10

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

95-28

+0-23

30YR FNMA 3.5

100-07

+0-18

30YR GNMA 3.0

97-17

+0-23

30YR GNMA 3.5

101-26

+0-19

15YR FNMA 3.0

102-16

+0-14

15YR FNMA 2.5

99-12

+0-14

Treasuries

Yield

Change

2 YR

0.3739%

-0.0553

5 YR

1.6249%

-0.1205

10 YR

2.8579%

-0.1036

30 YR

3.7991%

-0.0732

Prices as of: 1/10/2014 4:30PM 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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