Daily Newsletter: Thursday September 5, 2013

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30 Year Fixed

                                                                4.85%
                                                                  
                                                                +0.11

15 Year Fixed

                                                                3.90%
                                                                  
                                                                +0.08

10YR Treasury

                                                                2.99%
                                                                  
                                                                +0.0952

FNMA 30YR 3.5

                                                                97-30
                                                                  
                                                                -0-29

FNMA 15YR 2.5

                                                                100-29
                                                                  
                                                                -0-20

View Today's Rates

Thursday September 5, 2013

Mortgage Rate Watch - 6:40PM

Mortgage Rates at New 2-Yr Highs Ahead of Important Jobs Report

Mortgage rates leaped to new 2-Yr highs today , after strong economic data increased the chances that tomorrow's all-important jobs report would be similarly strong. The rate with the ...

MND NewsWire - 10:41AM

Rising Prices Lifting all Boats but Millions still Submerged

Almost a quarter of U.S. homeowners with a mortgage are still underwater after the rapid plunge of house prices that started in 2007, however more and more of those homeowners are seeing ...

MND NewsWire - 2:54PM

Investor/All-Cash Purchases May Harm Housing Recovery

Across the country, investors are taking advantage of the nation's foreclosure crisis to purchase homes at bargain prices, often beating out potential homeowners who remain sidelined ...

MND NewsWire - 12:56PM

Nevada City Rejects Eminent Domain Mortgage Plan

Another city has flirted briefly with the idea of using eminent domain as a tool to help resolve a severe housing crisis. The North Las Vegas, Nevada City Council, however rejected ...

Latest Video

Home Depot CEO: 'Strongest Q2 in over 20 years'

10-year breaks 3%

Maria's Observation: Why housing really matters

More News from 'Around the Web'

Reuters - 6:37PM
Analysis: Battle over Fed - Summers' opponents seek to sway Obama
WSJ - 6:36PM
Fed's Fisher Slams Congress Over Fiscal Policy
CNBC - 6:36PM
Treasurys drop, yields briefly above 3%
Bloomberg - 6:35PM
Home Depot CEO Sees Housing Recovery Boosting Sales - Bloomberg
Bloomberg - 5:46PM
Bank of America Mortgage Holders Lose Bid to Sue as Group - Bloomberg
Bloomberg - 5:46PM
Fisher Says Fed Must Ensure QE Doesn't Disrupt Financial Markets - Bloomberg
WSJ - 3:14PM
What to Watch for in Friday's Jobs Report
CNBC - 12:43PM
Fed official: We're not clear enough
CNBC - 12:42PM
Here's how Bill Gross is playing post-Fed market
CNBC - 12:42PM
Spooked by rates? Fast strategies as 10-year nears 3%
Washington Post - 11:46AM
Turnover at Federal Reserve adds uncertainty to interest rate and QE3 promises
www.americanprogress.org - 11:45AM
Cash for Homes: Policy Implications of an Investor-Led Housing Recovery
NY Fed - 11:44AM
NY Fed: The Market Impact of FOMC Minutes
CNBC - 11:35AM
'Bad idea' if Fed wages war on higher bond yields
Reuters - 10:19AM
Bank of America defeats class certification in HAMP mortgage case
Assoc. Mtg. Investors - 10:18AM
AMI Commends North Las Vegas Mayor and the City Council For Standing with Home Owners
freddiemac.mwnewsroom.com - 10:13AM
Freddie Mac: Mortgage Rates up on Signs of Stronger Economic Recovery
www.gallup.com - 9:21AM
U.S. Payroll to Population Rate Drops to 43.7% in August
Bloomberg - 9:02AM
Gross Says Buy Short-Term Debt Investments Aided by Fed Guidance - Bloomberg
CNBC - 9:02AM
Flat US labor costs show tame inflation

Today's Comments

	MBS Live Chat - 12:11PM "These early moves wreak of insider trading...."
	MBS Live Chat - 12:12PM "TN, that was a prevalent complaint in early May..."
	MBS Live Chat - 12:12PM "Didn't we get similar action before last month's NFP?..."
	MBS Live Chat - 12:13PM "it's always a possibility that we see a pre-NFP "lead off," which is why I use the term and warn against it (especially against this Thursday as it had ADP relocated)...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.85%

+0.11

15 Yr FRM

3.90%

+0.08

FHA 30 Year Fixed

4.60%

+0.17

Jumbo 30 Year Fixed

4.79%

+0.09

5/1 Yr ARM

3.22%

+0.03

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

4.57%

0.70

+0.06

15 Yr. Fixed

3.59%

0.70

+0.05

1 Yr. ARM

2.71%

0.50

+0.07

5/1 Yr. ARM

3.28%

0.50

+0.04

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

93-19

-1-01

30YR FNMA 3.5

97-30

-0-29

30YR GNMA 3.0

94-12

-1-04

30YR GNMA 3.5

98-24

-1-02

15YR FNMA 3.0

100-29

-0-20

15YR FNMA 2.5

97-17

-0-24

Treasuries

Yield

Change

2 YR

0.5177%

+0.0477

5 YR

1.8511%

+0.1063

10 YR

2.9937%

+0.0952

30 YR

3.8822%

+0.0816

Prices as of: 9/5/2013 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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