Daily Newsletter: Monday January 6, 2014

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30 Year Fixed

                                                                4.62%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.64%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.96%
                                                                  
                                                                -0.0372

FNMA 30YR 3.5

                                                                99-21
                                                                  
                                                                +0-08

FNMA 15YR 2.5

                                                                102-07
                                                                  
                                                                +0-05

View Today's Rates

Monday January 6, 2014

MND NewsWire - 1:31PM

Two Very Different Views on New FHFA Director Mel Watt

Mel Watt has now officially taken the reins of the Federal Housing Finance Agency (FHFA), replacing Acting Director Edward J. DeMarco. He was sworn in earlier today to a five year term ...

Pipeline Press - 11:18AM

QM Changes from Lenders Big and Small; Accounting Firm Buys Compliance Firm; Mortgage Jobs and Opportunities

As they say, "Good judgment comes from experience, and experience comes from...bad judgment." IT folks and the industry are certainly interested in the experience and judgment in the ...

Community Commentary - 12:29PM

Wisdom For Mortgage Industry from the Abominable Snowman

This holiday season I was struck by similarities between the toothless abominable snowman in Rudolph the Red Nosed Reindeer and an ideology I have been promoting in blog posts on this ...

Mortgage Rate Watch - 3:42PM

Mortgage Rates Steady to Slightly Lower

Mortgage rates were flat to slightly lower today. Activity continued to ramp up following the holidays in the financial markets most directly connected to lenders' rate sheets, but ...

Latest Video

Mortgage lending trends for 2014: LendingTree CEO

Fed out of QE by year's end but low rates linger: El-Erian

Senate poised to confirm Yellen

More News from 'Around the Web'

Market Watch - 4:49PM
Outside the Box: Yield-hungry investors aren't ready to dump bonds
CNBC - 4:48PM
Is there something wrong with the stock market?
National Housing Conference - 2:44PM
Momentum for housing finance reform in 2014
Market Watch - 2:22PM
Banks restrict loans to REITS, Fed says
www.frbsf.org - 2:19PM
Drivers of Mortgage Choices by Risky Borrowers
CFPB - 2:18PM
It's back to basics for the mortgage market in 2014
S&P/Case Shiller - 1:03PM
S&P Ratings U.S. Housing And Residential Mortgage Finance: 2014 Outlook
WSJ - 12:59PM
5 Things Yellen Will Face in Her Regulatory Agenda
www.nytimes.com - 12:58PM
A Senate Vote on Yellen to Lead Fed Is Expected This Evening
FHFA - 12:52PM
U.S. Representative Melvin L. Watt Sworn in as Director of Federal Housing Finance Agency
House Financial Services - 10:59AM
WSJ: A Good Time for Housing Reform
www.gallup.com - 9:53AM
U.S. Consumer Spending in December Highest Since 2008
Reuters - 9:49AM
U.S. private sector activity growth slows slightly in December: Markit
NAFCU - 9:48AM
Watt takes FHFA director post today
CNBC - 9:47AM
US stocks begin higher ahead of factory, services data
Reuters - 8:37AM
Senate poised to confirm Janet Yellen as Fed chair
Bloomberg - 8:35AM
Watt at FHFA Seen as Enigma in Fannie-Freddie Market: Mortgages - Bloomberg

Today's Comments

	MND NewsWire - 2:27PM "From all indications, Watt "gets" that housing is a vital piece of the US economy, and that private capital will not magically appear overnight to replace the GSE's. His confirmation is good news for all of us in the housing industry, imho...."
	MBS Live Chat - 12:15PM "for the FHA foreclosure, it will be 1 yr since the time FHA filed the claim, so make sure you look that up, also you will have to request a CAIVRS waiver to get their CAIVRS cleared..."
	MBS Live Chat - 12:15PM "Correct 1 year Joe and I had to prove that he had a drop in income with prior years tax return and W2...."
	MBS Live Chat - 12:38PM "Here's a chart for JA's Head and Shoulders question earlier. http://mndne.ws/1dqmaiq..."
	MBS Live Chat - 12:59PM "Hugh Page - "consequences of the unwind"...could you elaborate. We saw the consequences of mere talk of taper and the uncertainty; what is your prognosis?..."
	MBS Live Chat - 1:08PM "What I meant was it seems logical that rates are going higher, however, since this is a grand experiment the Fed has been implementing no one is certain how it all turns out. Potential consequences of the unwind are many and range from benign to potentially seriously problematic (and likely somewhere..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.62%

-0.01

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

3.24%

-0.01

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

95-07

+0-08

30YR FNMA 3.5

99-21

+0-08

30YR GNMA 3.0

96-26

+0-11

30YR GNMA 3.5

101-02

+0-09

15YR FNMA 3.0

102-07

+0-05

15YR FNMA 2.5

99-03

+0-05

Treasuries

Yield

Change

2 YR

0.3967%

-0.0037

5 YR

1.6938%

-0.0395

10 YR

2.9613%

-0.0372

30 YR

3.9012%

-0.0264

Prices as of: 1/6/2014 4:31PM 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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