Daily Newsletter: Friday January 3, 2014

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30 Year Fixed

                                                                4.63%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.64%
                                                                  
                                                                +0.00

10YR Treasury

                                                                3.00%
                                                                  
                                                                +0.0076

FNMA 30YR 3.5

                                                                99-13
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                102-02
                                                                  
                                                                +0-02

View Today's Rates

Friday January 3, 2014

MND NewsWire - 12:12PM

CFPB Wants Your Thoughts on Mortgage Closing Process

As the next step in its "Know Before You Owe" initiative the Consumer Financial Protection Bureau (CFPB) plans to look at what goes on at the home purchase closing table. CFPB says ...

MND NewsWire - 3:13PM

MBA's Stevens: Mortgage Regulatory Confusion Hampers Housing Recovery

The days when people grew up, got married, got a job they would stay with for life, had 2.5 children and bought a house are gone according to Mortgage Bankers Association (MBA) President ...

MND NewsWire - 3:54PM

New FHA Alternative Boosts Low Down-Payment Options

As Fannie Mae and Freddie Mac eliminated their 100% and 97% purchase loans following the housing meltdown, FHA financing once again became a preferred low down payment option. FHA loans ...

Mortgage Rate Watch - 4:29PM

Mortgage Rates Should be More Active Next Week

Mortgage rates were even more unchanged today than yesterday. Not only was the average rate among various lenders unchanged, but individual lenders all stayed closer to the yesterday ...

Latest Video

Cashin says: Wait till Monday

Bernanke to make last major speech

Pisani: Housing stocks on a 'tear'

More News from 'Around the Web'

WSJ - 4:22PM
Hilsenrath's Takeaways: Highlights From Bernanke's Speech
CNBC - 4:22PM
Bernanke: Fed still committed to low rates
CNBC - 4:20PM
Why Fed's QE has 'no effect': Economist
CNBC - 3:51PM
Fed's Stein on shadow banking, bank runs
Reuters - 3:51PM
After trim to QE, Fed no less committed to stimulus: Bernanke
CNN - 3:50PM
Bernanke: 'Recovery clearly remains incomplete'
Reuters - 2:28PM
Pimco Total Return has record $41.1 billion outflow in 2013: Morningstar
WSJ - 2:27PM
Fed's Lacker: Taper Decision Was Right Call
WSJ - 1:10PM
Mel Watt Has Signaled a Major Housing-Policy Shift
Bloomberg - 1:06PM
Plosser Says Unwinding Stimulus Will Challenge Willpower of Fed - Bloomberg
Reuters - 1:06PM
In wake of QE taper, Fed's Plosser dusts off inflation warning
CNBC - 1:05PM
New York is running out of luxury condos
Bloomberg - 11:22AM
Yet Another Housing Cover Story From Barron's - Bloomberg
CFPB - 11:22AM
It's closing time: Tell us about your experience closing on a mortgage
Reuters - 10:56AM
U.S. economic growth gauge at highest since April 2010: ECRI
CNBC - 10:49AM
Here's why the Fed's QE program has 'no effect'
www.cfpbmonitor.com - 10:49AM
CFPB issues report to congressional appropriations committee

Today's Comments

	MND NewsWire - 4:43PM "Interesting observations..."
	MBS Live Chat - 12:13PM "the Social Security Administration (SSA) will no longer accept electronic/digital signatures on the SSA-89 Form. Way to go SSA that's how you stay in the correct century...."
	MBS Live Chat - 1:20PM "MBS will be breaking through if they go any higher. http://mndne.ws/1l7tWVz..."
	MBS Live Chat - 2:11PM "I have a customer that is looking to buy a new home, and will be making his current home a rental property. We can document more than 30% equity, and will have a copy of the lease and security deposit. In the guides, it says that if you have all of these items, you can use 75% of the gross rental income..."
	MBS Live Chat - 2:13PM "yes, add @ 75% and your done..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.63%

+0.00

15 Yr FRM

3.64%

+0.00

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.55%

+0.00

5/1 Yr ARM

3.25%

+0.00

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

4.64%

0.41

+0.02

15 Yr. Fixed

3.74%

0.29

+0.08

30 Yr. Jumbo

4.63%

0.24

+0.02

30 Yr. FHA

4.29%

0.24

+0.04

5/1 ARM

3.26%

0.39

+0.06

Freddie Mac **

30 Yr. Fixed

4.53%

0.80

+0.05

15 Yr. Fixed

3.55%

0.70

+0.03

1 Yr. ARM

2.56%

0.50

+0.00

5/1 Yr. ARM

3.05%

0.40

+0.05

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

94-31

+0-01

30YR FNMA 3.5

99-13

+0-01

30YR GNMA 3.0

96-15

-0-01

30YR GNMA 3.5

100-25

0-00

15YR FNMA 3.0

102-02

+0-02

15YR FNMA 2.5

98-30

+0-00

Treasuries

Yield

Change

2 YR

0.4004%

+0.0164

5 YR

1.7333%

+0.0119

10 YR

2.9985%

+0.0076

30 YR

3.9276%

+0.0046

Prices as of: 1/3/2014 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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