Daily Newsletter: Wednesday September 4, 2013

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30 Year Fixed

                                                                4.74%
                                                                  
                                                                +0.06

15 Year Fixed

                                                                3.82%
                                                                  
                                                                +0.05

10YR Treasury

                                                                2.90%
                                                                  
                                                                +0.0372

FNMA 30YR 3.5

                                                                98-27
                                                                  
                                                                -0-12

FNMA 15YR 2.5

                                                                101-17
                                                                  
                                                                -0-07

View Today's Rates

Wednesday September 4, 2013

MND NewsWire - 10:59AM

New Restrictions on Reversed Mortgages Aimed at Sustainability

New guidance effecting the Federal Housing Administration's (FHA's) Home Equity Conversion Mortgage (HECM) program, often referred to as reverse mortgages , was announced in a letter ...

MND NewsWire - 3:30PM

Shortage of Buildable Lots Holding Back Housing Market -NAHB

Builders are encountering a shortage of buildable lots the National Association of Home Builders (NAHB) said today; a lack of lots that is particularly acute in the most desirable areas ...

Mortgage Rate Watch - 5:13PM

Mortgage Rates Higher Still, Volatility Ahead

Mortgage rates moved higher again today , making it one of the three worst days of the year for rates. The rate with the most efficient combination of upfront cost and monthly payment ...

MND NewsWire - 2:19PM

Record Decline in Commercial Mortgage-Backed-Securities Delinquency

Delinquency rates for commercial and multifamily mortgages loans improved in the second quarter of 2013 across all of the major groups that invest in them. The Mortgage Bankers Association ...

Latest Video

Fannie and Freddie future

Casey: Investors Care More About Fed Than Syria

Seeing continued housing recovery: Huskey

More News from 'Around the Web'

blog.hud.gov - 6:43PM
Changes to Reverse Mortgages Will Protect Consumers
Reuters - 4:09PM
U.S. Senate panel passes authorization for use of military force in Syria
Reuters - 3:42PM
SEC 'monitoring developments' after latest Nasdaq outage
Washington Post - 2:45PM
Here's what Larry Summers would do at the Fed
CNBC - 2:45PM
Consumer saving backslides
Reuters - 2:45PM
Senate panel struggles for consensus on Syria military strikes
Bloomberg - 2:24PM
Fannie Mae Prepares Investors for Mortgage Risk-Sharing Bonds - Bloomberg
Federal Reserve - 2:23PM
Summary of Commentary on Current Economic Conditions (Beige Book)
CNBC - 2:23PM
Upbeat Fed outlook suggests QE tapering is near
Bloomberg - 1:28PM
Fed's Williams Backs Slowing Bond Buying Later This Year - Bloomberg
CNBC - 1:27PM
What financial crisis? Consumers saving less
CNN - 12:39PM
U.S. reverses slide in competitiveness
Bloomberg - 12:38PM
Pimco's El-Erian Says Fed to Taper Asset Purchases Next Meeting - Bloomberg
Washington Post - 12:37PM
This chart shows why $270 billion in housing aid hasn't solved homelessness
NAHB - 12:32PM
Shortage of Lots Slows Housing Recovery
WSJ - 10:24AM
Vital Signs: Northeast Lags in Job Demand
CNN - 10:21AM
Don't trust your central bank? Bet against it.
www.gallup.com - 9:05AM
U.S. Private-Sector Hiring Strongest, Federal Gov't Weakest
Reuters - 9:03AM
U.S. trade deficit widens in July as imports rebound
www.aei-ideas.org - 9:03AM
Study: Without Fed's QE program, US unemployment would have hit 18%

Today's Comments

	MND NewsWire - 9:40AM "It's a wonder refi volume isn't down further. Between FHA streams that are priced out of the market, HARP's that have already been done, and rates that are 1%+ above May's levels, refi prospects are not exactly stellar at the moment!..."
	MBS Live Chat - 1:49PM "Feelings on next two days? Most of y'all locking or floating..."
	MBS Live Chat - 1:50PM "Well, since OB is down, going to float for now...."
	MBS Live Chat - 1:51PM "Naturally, I also had a couple wanted to price before this morning before things got worse..."
	MBS Live Chat - 2:09PM "RTRS- WILLIAMS: MBS PURCHASES ARE MORE EFFECTIVE THAN TREASURIES, WANT TO KEEP BUYING THEM UNTIL END OF QE3..."
	MBS Live Chat - 1:25PM "wow having to lock today is going to suck. either be a hero or a zero depending on Thurs/Friday news...."
	MBS Live Chat - 1:55PM "Loving the mobile site!..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.74%

+0.06

15 Yr FRM

3.82%

+0.05

FHA 30 Year Fixed

4.43%

+0.07

Jumbo 30 Year Fixed

4.70%

+0.05

5/1 Yr ARM

3.19%

-0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.44%

0.85

+0.40

30 Yr. Fixed

4.27%

1.09

+0.51

MBA **

30 Yr. Fixed

4.73%

0.33

-0.07

15 Yr. Fixed

3.75%

0.30

-0.09

30 Yr. Jumbo

4.71%

0.25

-0.07

30 Yr. FHA

4.48%

0.30

-0.04

5/1 ARM

3.49%

0.37

-0.01

Freddie Mac **

30 Yr. Fixed

4.51%

0.70

-0.07

15 Yr. Fixed

3.54%

0.70

-0.06

1 Yr. ARM

2.64%

0.40

-0.03

5/1 Yr. ARM

3.24%

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

94-20

-0-13

30YR FNMA 3.5

98-27

-0-12

30YR GNMA 3.0

95-16

-0-16

30YR GNMA 3.5

99-26

-0-14

15YR FNMA 3.0

101-17

-0-07

15YR FNMA 2.5

98-09

-0-11

Treasuries

Yield

Change

2 YR

0.4700%

+0.0476

5 YR

1.7448%

+0.0612

10 YR

2.8985%

+0.0372

30 YR

3.8006%

+0.0090

Prices as of: 9/4/2013 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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