Daily Newsletter: Monday November 3, 2014

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30 Year Fixed

                                                                4.06%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.25%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.34%
                                                                  
                                                                +0.0126

FNMA 30YR 3.5

                                                                103-09
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                103-20
                                                                  
                                                                -0-03

View Today's Rates

Monday November 3, 2014

Mortgage Rate Watch - 4:15PM

Mortgage Rates Approaching 1 Month Highs

Mortgage rates continued higher today, edging up to their worst levels in nearly a month. The most prevalently-quoted conforming 30yr fixed rate for top tier borrowers is currently ...

MND NewsWire - 12:20PM

First-Time Home-Buying Lowest Since 1987

The downward-drifting participation of first-time homebuyers over the last few years has brought their share of the home buying market to its lowest point in nearly three decades the ...

MND NewsWire - 1:50PM

Private Residential Construction Spending Held Firm in September

U.S. construction spending eased back slightly in September, to a seasonally adjusted annual rate of $950.92 billion. The U.S. Census Bureau reported that this was down 0.4 percent ...

MBS Commentary - 12:12PM

MBS MID-DAY: Bond Markets Start November on Sour Note

The overnight session got off to a slow start for US bond markets as Japan was out on holiday. This is important not only because overnight Treasury trading relies on Tokyo being open ...

Latest Video

1st time home buyers dilemma

Home market prices out young buyers: Pro

Obama and Yellen meet one-on-one

More News from 'Around the Web'

CNBC - 5:00PM
Bears surround oil as it falls below $80
freddiemac.mwnewsroom.com - 4:59PM
Freddie Mac Sets Release Date for Third Quarter 2014 Financial Results
WSJ - 3:21PM
Currency Peace: Fed Probably Welcomes Surprise BOJ Easing
WSJ - 3:21PM
Fed's Fisher: FOMC Neutered' Pledge To Keep Rates Low For Considerable Time'
CNBC - 1:41PM
Fisher likes 'balanced' Yellen; sees quicker hikes
Reuters - 1:41PM
Obama, Fed's Yellen to discuss long-term U.S. economic outlook: White House
www.cfpbmonitor.com - 1:38PM
Leading industry trade groups comment on HMDA/Reg. C proposal
www.frbsf.org - 1:38PM
Housing Market Headwinds
CNBC - 12:29PM
The hourly guide to Tuesday's election
WSJ - 11:42AM
Share of First-Time Home Buyers Hits 27-Year Low
Reuters - 11:41AM
Deflation a growing possibility: Bill Gross
CNBC - 10:28AM
ISM manufacturing index hits 59.0 in Oct.; Construction spending slips 0.4% in Sept.
CNBC - 8:37AM
Bond markets await US PMI and Fed speeches
Calculated Risk Blog - 8:36AM
Black Knight releases Mortgage Monitor for September
www.cfpbmonitor.com - 8:36AM
Mortgage Loan Originator "Target Pricing" in the Fair Lending Bullseye

Today's Comments

MND NewsWire - 10:34AM

"Great article! Not quite what I was expecting to hear, but boomers are a special breed (me being one). Good to know I will be able to sell my ranch on an acre to a fellow boomer, when I put my plan into effect!..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.06%

+0.03

15 Yr FRM

3.25%

+0.04

FHA 30 Year Fixed

3.60%

+0.10

Jumbo 30 Year Fixed

3.96%

+0.04

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

4.20%

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

3.98%

0.50

+0.06

15 Yr. Fixed

3.13%

0.50

+0.05

1 Yr. ARM

2.43%

0.40

+0.02

5/1 Yr. ARM

2.94%

0.50

+0.03

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

99-28

-0-04

30YR FNMA 3.5

103-09

-0-03

30YR GNMA 3.0

101-24

-0-07

30YR GNMA 3.5

104-11

-0-02

15YR FNMA 3.0

103-20

-0-03

15YR FNMA 2.5

101-12

-0-03

Treasuries

Yield

Change

2 YR

0.5133%

+0.0159

5 YR

1.6293%

+0.0214

10 YR

2.3443%

+0.0126

30 YR

3.0646%

+0.0016

Prices as of: 11/3/2014 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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