Daily Newsletter: Wednesday October 8, 2014

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30 Year Fixed

                                                                4.06%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.25%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.32%
                                                                  
                                                                -0.0213

FNMA 30YR 3.5

                                                                103-18
                                                                  
                                                                +0-11

FNMA 15YR 2.5

                                                                103-28
                                                                  
                                                                +0-10

View Today's Rates

Wednesday October 8, 2014

MBS Commentary - 4:43PM

MBS RECAP: Bond Markets Invigorated by FOMC Minutes; MBS Outperform

There was a chance that much of the recent rally in bond markets had been due to the expectation that today's Fed Minutes would offer a softer side of what was seen as a ' hawkish ...

Mortgage Rate Watch - 5:14PM

Mortgage Rates Drop to 16-Month Lows After Fed Minutes

Mortgage rates put on quite the show today, bringing the crowd to the edge of their seats before knocking it out of the park. Home-runs these days don't travel quite the same distance ...

MND NewsWire - 10:44AM

Mortgage Application Volume Increases as Rates Slide

Mortgage application volume increased last week for the first time since the week ended September 12. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a ...

Pipeline Press - 10:54AM

Georgia vs Sun West; BofA Repurchase Requests; Lender USDA Updates

Mortgage banker thwarts Zions Bank robbery?! Don Worthington with Primary Residential writes, "Our sales Manager Corey Lewis was on the phone with a customer while she was at the bank ...

Latest Video

Betting on health of housing

Low interest rates: Cause and symptom?

Santelli: Pitter patter of 'Janet-clause'

More News from 'Around the Web'

CNBC - 4:12PM
Major debt shift for millennials and seniors
Market Watch - 3:16PM
Wells Fargo employee to CEO: I need a raise
WSJ - 3:16PM
Fed Leery Guidance Changes Might Be Misread
Reuters - 2:39PM
Geithner: AIG losses were exceptional compared with other firms
Federal Reserve - 2:39PM
Minutes of the Federal Open Market Committee, September 16-17, 2014
CNBC - 2:38PM
Fed minutes show dovish slant; Market rallies
Bloomberg - 1:31PM
Treasuries Fall as 10-Year Sale Bids Lowest in 1 Year Before Fed - Bloomberg
CNBC - 12:15PM
Here's the 'doomsday' bond scenario
CNN - 11:35AM
Deficit drops yet again - sharply
Washington Post - 10:48AM
Data leak at largest U.S. bond insurer left personal accounts visible via a Google search
Market Watch - 10:48AM
Capitol Report: Fed should sell MBS at predictable pace during exit, Lacker says
WSJ - 10:48AM
What to Watch for in the Federal Reserve's September Meeting Minutes
CNBC - 8:57AM
Why Treasurys may be this quarter's best bet
CNBC - 8:55AM
Falling mortgage rates offer home buyers a push
WSJ - 8:50AM
Fed's Charles Evans Very Uncomfortable' With Calls to Raise Rates

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.06%

-0.03

15 Yr FRM

3.25%

-0.03

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

3.95%

-0.02

5/1 Yr ARM

3.21%

-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

4.30%

0.19

-0.03

15 Yr. Fixed

3.48%

0.32

-0.07

30 Yr. Jumbo

4.21%

0.29

-0.07

30 Yr. FHA

4.00%

0.15

-0.07

5/1 ARM

3.20%

0.37

-0.11

Freddie Mac **

30 Yr. Fixed

4.19%

0.40

-0.01

15 Yr. Fixed

3.36%

0.50

+0.00

1 Yr. ARM

2.42%

0.40

-0.01

5/1 Yr. ARM

3.06%

0.50

-0.02

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

100-09

+0-14

30YR FNMA 3.5

103-18

+0-11

30YR GNMA 3.0

102-03

+0-15

30YR GNMA 3.5

104-19

+0-12

15YR FNMA 3.0

103-28

+0-10

15YR FNMA 2.5

101-20

+0-11

Treasuries

Yield

Change

2 YR

0.4522%

-0.0557

5 YR

1.5485%

-0.0735

10 YR

2.3178%

-0.0213

30 YR

3.0543%

+0.0071

Prices as of: 10/8/2014 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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