Mortgage Rate Trend is Not Your Friend; Fannie Addresses Complexity; Prices Helped by Foreclosure Drought

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30 Year Fixed

                                                                3.56%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                2.87%
                                                                  
                                                                +0.02

10YR Treasury

                                                                1.77%
                                                                  
                                                                +0.0404

FNMA 30YR 3.5

                                                                105.14
                                                                  
                                                                -0.11

FNMA 15YR 2.5

                                                                104.67
                                                                  
                                                                -0.14

View Today's Rates

Tuesday October 11, 2016

Mortgage Rate Watch - 3:59PM

Mortgage Rate Trend is Not Your Friend

Mortgage Rates were higher again today, marking the 9th straight day without any improvement. 3.625% is quickly becoming the most prevalent conventional 30yr fixed quotes on top tier ...

MND NewsWire - 9:57AM

Fannie Fixes "Overly Complicated" Lender/Servicer Agreement

Fannie Mae acknowledged last week that their form of Acknowledgement Agreement with lenders is " overly complicated and full of dense legal language" and, after consulting with a panel ...

MND NewsWire - 9:43AM

Home Prices Benefit From Decline in Foreclosures -CoreLogic

CoreLogic reported on Tuesday that all major indicators of housing distress declined by double digits over the last year. The company's August National Foreclosure Report has most of ...

MND NewsWire - 9:49AM

Work in Disaster Area, but Don't Live There? Fannie/Freddie Still Want to Help

As they have following other natural disasters, both Fannie Mae and Freddie Mac have announced that their "full menu of disaster relief policies" will be available to homeowners whose ...

Latest Video

Glut of luxury apartments

Santelli Exchange: The Ten Year's 'take two'

Santelli: Nerve-racking three-day weekend

More News from 'Around the Web'

Bloomberg - 3:42PM
Fed Minutes Could Show Strength of Hawkish Rebel Camp in FOMC
Bloomberg - 12:50PM
U.S. Consumer Inflation Expectations Drop in New York Fed Survey
Bloomberg - 12:48PM
Consumer Finance Bureau Suffers Setback as PHH Wins Ruling
Calculated Risk Blog - 10:22AM
NFIB: Small Business Optimism Index "dips" in September
Reuters - 10:21AM
Wells Fargo CFO says accounts scandal won't hit profit much: WSJ
CNBC - 10:21AM
Investors are flocking to tax-efficient, lower-cost ETFs
www.cfpbmonitor.com - 8:39AM
Trade groups oppose CFPB's proposed expansion of consumer complaint feedback
www.gallup.com - 8:37AM
U.S. Economic Confidence Index Idles at -12
Bloomberg - 8:36AM
Negative-Yield Debt Falls to $10.7 Trillion After September Rise

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.56%

+0.03

15 Yr FRM

2.87%

+0.02

FHA 30 Year Fixed

3.40%

+0.05

Jumbo 30 Year Fixed

3.71%

+0.03

5/1 Yr ARM

2.94%

+0.04

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.05%

1.21

-0.03

30 Yr. Fixed

3.74%

1.37

-0.06

MBA **

30 Yr. Fixed

3.66%

0.33

-0.04

15 Yr. Fixed

2.95%

0.38

-0.04

30 Yr. Jumbo

3.64%

0.28

-0.05

30 Yr. FHA

3.52%

0.21

-0.04

5/1 ARM

2.92%

0.40

-0.07

Freddie Mac **

30 Yr. Fixed

3.42%

0.50

+0.00

15 Yr. Fixed

2.72%

0.50

+0.00

1 Yr. ARM

2.68%

0.20

+0.01

5/1 Yr. ARM

2.80%

0.40

-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

103.34

-0.20

30YR FNMA 3.5

105.14

-0.11

30YR GNMA 3.0

104.33

-0.13

30YR GNMA 3.5

106.06

-0.08

15YR FNMA 3.0

104.67

-0.14

15YR FNMA 2.5

103.13

-0.17

Treasuries

Yield

Change

2 YR

0.8704%

+0.0322

5 YR

1.2977%

+0.0344

10 YR

1.7673%

+0.0404

30 YR

2.5045%

+0.0461

Prices as of: 10/11/2016 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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