Daily Newsletter: Thursday September 11, 2014

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30 Year Fixed

                                                                4.21%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.36%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.55%
                                                                  
                                                                +0.0181

FNMA 30YR 3.5

                                                                101-24
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                103-05
                                                                  
                                                                -0-02

View Today's Rates

Thursday September 11, 2014

MND NewsWire - 1:43PM

New Home Mortgage Applications Softened in August

The Mortgage Bankers Association's (MBA's) measure of new home sales reflected a significant drop in the volume of applications for mortgages to purchase those homes in August. Data ...

Mortgage Rate Watch - 3:00PM

Mortgage Rates Essentially Unchanged at 1-Month Highs

Mortgage rates were essentially unchanged today. Most lenders were microscopically lower in terms of closing costs, though several went the other direction. On average, the movement ...

MND NewsWire - 1:42PM

First Increase Since 2010 for Annual Foreclosure Rate

Foreclosure activity increased significantly in August according to the U.S. Foreclosure Market Report released Thursday by RealtyTrac. The increase included the first year-over-year ...

MBS Commentary - 12:05PM

MBS MID-DAY: Tenuously Holding Modest Improvement Ahead of 30yr Auction

After 8 days in throes of volatility and weakness, bond markets are finally catching a small break today. For now, it's no more than a half-hearted pause in an otherwise determined ...

Latest Video

Jobless claims 315, 000

Q2 GDP revised upwards

White House: US joining EU in intensifying Russian sanctions

More News from 'Around the Web'

Bloomberg - 4:04PM
Treasury Auctions Attract Most Foreign Demand Since February - Bloomberg
www.ecb.europa.eu - 4:04PM
Speech Mario Draghi: Keynote speech at the Eurofi Financial Forum
WSJ - 3:35PM
Loan Forgiveness Isn't the Best Use of Government Resources, Paper Says
Washington Post - 3:35PM
House approves bill allowing businesses to keep canceled health care plans until 2019
Bloomberg - 3:35PM
US Budget Deficit for 11 Months Shrinks 22% as Economy Grows - Bloomberg
DataQuick - 1:15PM
August Bay Area Home Sale Press Release
WSJ - 1:15PM
Fewer Economists See Fed Rate Hikes Starting Before Next Summer
Realtor.Org - 1:14PM
About That FHA Prepayment Penalty . . .
freddiemac.mwnewsroom.com - 10:32AM
Mortgage Rates Continue to Show Little Movement
Reuters - 9:18AM
U.S. jobless claims rise unexpectedly, but still at pre-recession levels
Market Watch - 9:18AM
Bond Report: Treasurys rise for first session in six
CNN - 9:14AM
First rise in foreclosure auctions in nearly four years
CNBC - 9:13AM
How to shop for the best mortgage rate
CNBC - 9:13AM
Foreclosure activity picks up in August
www.federalregister.gov - 9:13AM
2015-2017 Enterprise Housing Goals

Today's Comments

	MND NewsWire - 1:23AM "Yikes! Purchase volume down, refi volume even more so, and rates trending up. Looks like it could be a tough Christmas for originators' families!..."
	MND NewsWire - 10:33AM "Actually this does not look like anything other than a typical back-to-school/fall activity slow down... Pre-bubble levels (late 90's/early 00's - at least here in Florida) used to always illustrate this type of activity. I'd like to interpret the data as a return to a more normalized market comprised..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.21%

+0.00

15 Yr FRM

3.36%

+0.00

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.07%

-0.01

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

3.56%

1.13

-0.10

30 Yr. Fixed

4.37%

1.39

-0.16

MBA **

30 Yr. Fixed

4.27%

0.25

+0.02

15 Yr. Fixed

3.44%

0.28

-0.04

30 Yr. Jumbo

4.15%

0.23

-0.07

30 Yr. FHA

3.97%

0.08

-0.02

5/1 ARM

3.12%

0.45

-0.07

Freddie Mac **

30 Yr. Fixed

4.12%

0.50

+0.02

15 Yr. Fixed

3.26%

0.50

+0.02

1 Yr. ARM

2.45%

0.40

+0.05

5/1 Yr. ARM

2.99%

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

98-00

-0-03

30YR FNMA 3.5

101-24

-0-03

30YR GNMA 3.0

100-13

-0-02

30YR GNMA 3.5

103-08

-0-02

15YR FNMA 3.0

103-05

-0-02

15YR FNMA 2.5

100-19

-0-01

Treasuries

Yield

Change

2 YR

0.5640%

-0.0079

5 YR

1.7934%

+0.0051

10 YR

2.5505%

+0.0181

30 YR

3.2772%

+0.0067

Prices as of: 9/11/2014 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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