Daily Newsletter: Thursday November 20, 2014

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30 Year Fixed

                                                                3.98%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.18%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.34%
                                                                  
                                                                -0.0213

FNMA 30YR 3.5

                                                                103-17
                                                                  
                                                                +0-05

FNMA 15YR 2.5

                                                                103-27
                                                                  
                                                                +0-03

View Today's Rates

Thursday November 20, 2014

MND NewsWire - 1:08PM

Major Updates on Mortgage Market's Future from FHFA's Watt

Melvin L. Watt, Director of the Federal Housing Finance Agency (FHFA) told the Senate Banking Committee today that Freddie Mac and Fannie Mae (the GSEs) will soon announce they will ...

MND NewsWire - 1:02PM

Big News for Existing Home Sales: 1st Annual Gain of 2014

If October sales of existing homes are an indication 2014 may come to a better conclusion than has been expected. The National Association of Realtors® (NAR) said today that sales ...

Mortgage Rate Watch - 5:00PM

Mortgage Rates Return to November Lows

Mortgage rates improved today following weaker economic data in Europe. That data fueled demand in bond markets overnight, pulling US Treasury yields back to yesterday's lowest levels ...

Pipeline Press - 10:54AM

News on 3% and G-Fee Changes; FDIC Training Video on ATR and QM

For those of you who'd rather watch a video than read the written word, the Federal Deposit Insurance Corporation (FDIC), which knows a thing or two about banking, announced the release ...

Latest Video

$1 million home sales soar

Existing home sales gain year-over-year

Whopper Philly Fed number

More News from 'Around the Web'

CNBC - 4:55PM
Fed launches review of major banks
CNBC - 4:55PM
Brooklyn housing market commands hefty prices
Market Watch - 4:34PM
New foreclosure protections could be on the way
Market Watch - 4:34PM
Capitol Report: Fannie cuts mortgage-rate outlook, but home buyers may not bite
CNBC - 3:11PM
Alibaba replaces American bond sellers
Bloomberg - 2:14PM
Fannie-Freddie Clarify Buyback Rules in Effort to Spur Lending - Bloomberg
Calculated Risk Blog - 2:13PM
A Few Comments on October Existing Home Sales
CNBC - 12:22PM
Bond market volatility: There's a VIX for that
CNBC - 11:57AM
Bond market ignores improving data
CNBC - 11:57AM
$1 million-plus home sales up 16%
Washington Post - 10:58AM
Wells Fargo and Discover to offer student loan modifications
WSJ - 10:58AM
Rental Apartment Construction Is At a 27-Year High
WSJ - 10:58AM
Will 2015 be the Turnaround Year for First-Time Home Buyers?
Reuters - 10:58AM
U.S. existing home sales hit one-year high in October
WSJ - 10:58AM
After Recession, Home-Remodeling Is Back On the Rise
freddiemac.mwnewsroom.com - 10:57AM
Fixed Mortgage Rates Dip Just Below Four Percent
WSJ - 9:08AM
Fed Staff Whispering Caution in Officials' Ears
Bloomberg - 9:06AM
Bond Record in Sight as Sales Near $4 Trillion: Credit Markets - Bloomberg
CNBC - 8:41AM
US jobless claims lowest since 2000; CPI stalls

Today's Comments

MND NewsWire - 5:36PM

"Funny Mr. Watt would mention 5% down loans as an upcoming option. Both Fannie and Freddie allow them now (with Fannie even allowing the 5% to be gifted for well qualified borrowers), and the 5% down option is a great alternative to FHA. Hopefully, DU/LP will be tweaked to be slightly less conservative..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.98%

-0.02

15 Yr FRM

3.18%

-0.02

FHA 30 Year Fixed

3.50%

-0.05

Jumbo 30 Year Fixed

3.83%

-0.03

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

3.47%

1.11

+0.02

30 Yr. Fixed

4.33%

1.33

-0.01

MBA **

30 Yr. Fixed

4.18%

0.24

-0.01

15 Yr. Fixed

3.38%

0.27

+0.00

30 Yr. Jumbo

4.10%

0.16

-0.03

30 Yr. FHA

3.85%

0.18

-0.05

5/1 ARM

3.09%

0.34

+0.04

Freddie Mac **

30 Yr. Fixed

3.99%

0.50

-0.02

15 Yr. Fixed

3.17%

0.50

-0.03

1 Yr. ARM

2.44%

0.40

+0.01

5/1 Yr. ARM

3.01%

0.50

-0.01

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

100-04

+0-06

30YR FNMA 3.5

103-17

+0-05

30YR GNMA 3.0

101-28

+0-06

30YR GNMA 3.5

104-11

+0-05

15YR FNMA 3.0

103-27

+0-03

15YR FNMA 2.5

101-17

+0-03

Treasuries

Yield

Change

2 YR

0.5086%

-0.0119

5 YR

1.6271%

-0.0132

10 YR

2.3364%

-0.0213

30 YR

3.0519%

-0.0250

Prices as of: 11/20/2014 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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