Daily Newsletter: Monday September 9, 2013

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30 Year Fixed

                                                                4.69%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                3.77%
                                                                  
                                                                -0.07

10YR Treasury

                                                                2.91%
                                                                  
                                                                -0.0297

FNMA 30YR 3.5

                                                                99-05
                                                                  
                                                                +0-16

FNMA 15YR 2.5

                                                                101-20
                                                                  
                                                                +0-06

View Today's Rates

Monday September 9, 2013

MND NewsWire - 10:39AM

Improving Housing Outlook May be Reaching Plateau

Fannie Mae said today that results of its monthly National Housing Survey shows that Americans are aware of and following trends in the housing market. The outlook toward housing growth ...

Mortgage Rate Watch - 5:06PM

Mortgage Rates Continue Retreat from Last Week's Highs

Mortgage rates continued lower today, further undoing much of the damage caused by last week's run to the highest levels in over 2 years. Friday's important Employment Situation Report ...

MND NewsWire - 10:28AM

Lending Standards Tighten Slightly as QM Planning Kicks in

The Mortgage Bankers Association (MBA) reported the first drop in its new Mortgage Credit Availability Index (MCAI) since it became publicly available in June. The index for August ...

MND NewsWire - 1:22PM

Improving Markets List Hits New High, but There's a Catch

The list of improving housing markets maintained by the National Association of Home Builders (NAHB) and First American Title Insurance Company appears to have broken out of its recent ...

Latest Video

FHA entering bailout territory

Mortgage market & what's next

Loan Size to Be Cut for Fannie, Freddie

More News from 'Around the Web'

CNBC - 5:30PM
BofA to cut 2,100 jobs as loan demand weakens
Reuters - 5:30PM
Regulator eyes lower Fannie, Freddie loan limits to shrink government role
WSJ - 3:31PM
Americans' Credit-Card Debt Declines
CNN - 3:27PM
Fed official: Jobs report won't affect taper
Washington Post - 3:19PM
Why doesn't Fed policy pack more of a punch? Blame Grandpa.
Market Watch - 3:19PM
Consumer credit rises 4.4% in July
www.aei.org - 3:16PM
Road to FHA reform: Back to basics
Reuters - 2:03PM
JPMorgan expects loss from mortgage originations
Bloomberg - 2:03PM
Fed's Williams Says Data Signal Gradually Improving Job Market
House Financial Services - 1:57PM
Rep. Jeb Hensarling pushes housing reform center stage
Reuters - 12:54PM
Obama ramps up effort to convince Congress, public on Syria
Reuters - 12:54PM
U.N. floats plan to destroy Syrian chemical weapons stocks
Reuters - 12:48PM
Wells Fargo expects to make fewer U.S. home loans this quarter
CNBC - 12:20PM
Most homebuilders 'not investable' right now: Pros
CNBC - 12:19PM
Fed will get its inflation; here's who will pay
Bloomberg - 10:54AM
Hovnanian Reports Profit as Home Prices, Sales Increase - Bloomberg
Bloomberg - 10:54AM
Wells Fargo Says Rising Rates Won't Snuff Out Housing Recovery - Bloomberg
Market Watch - 10:54AM
Wells Fargo expects drop in mortgage originations
CNBC - 10:53AM
Fannie, Freddie making billions-why shut them down?
Washington Post - 10:12AM
Buying a house is harder than it's been in five years.

Today's Comments

	MBS Live Chat - 11:44AM "RTRS- WILLIAMS: BERNANKE'S REMARKS ON TAPERING IN JUNE DEFLATED AN EMERGING BUBBLE IN THE BOND MARKET..."
	MBS Live Chat - 11:44AM "RTRS- WILLIAMS: NOT TOO CONCERNED THAT HIGHER MORTGAGE RATES WILL DAMPEN HOUSING RECOVERING, RATES STILL LOW..."
	MBS Live Chat - 11:45AM "tell that to my clients Williams..."
	MBS Live Chat - 11:46AM "I think that worse than increasing rates is the over constriction of guidelines right now. It is ridiculous these days to get a loan done...."
	MBS Live Chat - 11:47AM "I saw an article talking about how mortgages are costing more and that the brokers/LOs are to blame, to that I say that we are only charging incrementally more for what is exponentially more work...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.69%

-0.08

15 Yr FRM

3.77%

-0.07

FHA 30 Year Fixed

4.38%

-0.12

Jumbo 30 Year Fixed

4.70%

-0.05

5/1 Yr ARM

3.18%

-0.01

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

94-21

+0-11

30YR FNMA 3.5

99-05

+0-16

30YR GNMA 3.0

95-14

+0-12

30YR GNMA 3.5

99-32

+0-17

15YR FNMA 3.0

101-20

+0-06

15YR FNMA 2.5

98-11

+0-06

Treasuries

Yield

Change

2 YR

0.4427%

-0.0198

5 YR

1.7139%

-0.0496

10 YR

2.9101%

-0.0297

30 YR

3.8503%

-0.0218

Prices as of: 9/9/2013 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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