Daily Newsletter: Thursday October 16, 2014

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30 Year Fixed

                                                                3.93%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.13%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.16%
                                                                  
                                                                +0.0227

FNMA 30YR 3.5

                                                                103-23
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                104-08
                                                                  
                                                                -0-01

View Today's Rates

Thursday October 16, 2014

Mortgage Rate Watch - 3:31PM

Mortgage Rates Slightly Higher; Still Near 16-Month Lows

Mortgage rates were forced to give back some of the tremendous improvements seen yesterday as financial markets corrected after the wild swing. Apart from the past two days, today's ...

MND NewsWire - 1:28PM

Cash Sales Dwindle, Concentrated in REO Market

The share of home purchased with all-cash is continuing to drop, but even with a -3.0 percentage point change between July 2013 and July 2014 they still make up nearly a third of all ...

MND NewsWire - 12:57PM

Relaxed QRM Rules Expected Next Week

Federal regulators may finally produce the long anticipated market standards for Qualified Residential Mortgages (QRM), perhaps even as early as next week. The new rules are designed ...

MBS Commentary - 7:32AM

MBS Day Ahead: Blame Game and the Road Ahead

One blessing and curse associated with being human is our innate desire to make sense of the world around us. Yesterday's bond market rally was--in many ways--nonsensical, yet that ...

Latest Video

10-year near tipping point: Pro

Cashin says: Very good chance for another QE

Santelli Exchange: Key yield levels

More News from 'Around the Web'

Bloomberg - 4:12PM
FHA's Insurance Fund Close to Rebuilding Cushion, Moody's Says - Bloomberg
CNBC - 3:33PM
'Stunning' Fed move put bottom under S&P: Traders
CNBC - 2:10PM
SEC: HFT firm manipulated stock prices
Google News - 2:09PM
Is there a ticking time bomb in the housing market?
CNBC - 2:08PM
European bonds: Every country for itself
WSJ - 12:35PM
Bullard Says Fed Could Delay Planned End of Bond-Buying Program
CNBC - 11:02AM
No real estate bubble: JPM, Starwood
CNBC - 11:02AM
Home builder confidence u-turns, drops 5 points
CNBC - 10:59AM
Foreclosures fall to eight-year low
freddiemac.mwnewsroom.com - 10:57AM
Stale but Official Mortgage Rate News From Freddie
CNBC - 9:24AM
US weekly jobless claims 264,000
CNBC - 9:23AM
US industrial production in Sept. beats
Reuters - 8:42AM
U.S. foreclosure activity falls to eight-year low
WSJ - 8:38AM
New-Home Sales Optimism? September Numbers May Disappoint

Today's Comments

	Pipeline Press - 12:31AM ".In developing new rules and regulations coming out of the crisis, legislators and regulators, albeit with good intentions, upended the delicate balance between consumer protection and access to credit. I have to wonder when this 'balance' existed and why it was so delicate. There was nothing 'consumer..."
	MBS Commentary - 1:23AM "Amazing. The MBS alerts I got on my phone and then showed to customers coming to visit helped seal the app deal on several loans today. Thanks as always for what you do. This information is invaluable to truly being able to offer the best rate and terms available in a given day...or in the case of today..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.93%

+0.03

15 Yr FRM

3.13%

+0.03

FHA 30 Year Fixed

3.50%

+0.05

Jumbo 30 Year Fixed

3.87%

+0.02

5/1 Yr ARM

3.19%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.56%

1.13

-0.10

30 Yr. Fixed

4.37%

1.39

-0.16

MBA **

30 Yr. Fixed

4.20%

0.17

-0.10

15 Yr. Fixed

3.41%

0.28

-0.07

30 Yr. Jumbo

4.14%

0.10

-0.07

30 Yr. FHA

3.90%

0.08

-0.10

5/1 ARM

3.05%

0.38

-0.15

Freddie Mac **

30 Yr. Fixed

3.97%

0.50

-0.15

15 Yr. Fixed

3.18%

0.50

-0.12

1 Yr. ARM

2.38%

0.40

-0.04

5/1 Yr. ARM

2.92%

0.50

-0.13

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

100-23

-0-08

30YR FNMA 3.5

103-23

-0-05

30YR GNMA 3.0

102-19

-0-07

30YR GNMA 3.5

104-24

-0-01

15YR FNMA 3.0

104-08

-0-01

15YR FNMA 2.5

102-04

-0-05

Treasuries

Yield

Change

2 YR

0.3353%

+0.0158

5 YR

1.3718%

+0.0337

10 YR

2.1568%

+0.0227

30 YR

2.9369%

+0.0185

Prices as of: 10/16/2014 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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