Daily Newsletter: Friday September 13, 2013

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30 Year Fixed

                                                                4.64%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.74%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.89%
                                                                  
                                                                -0.0202

FNMA 30YR 3.5

                                                                98-30
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                101-18
                                                                  
                                                                +0-05

View Today's Rates

Friday September 13, 2013

Mortgage Rate Watch - 5:42PM

Mortgage Rates at Best Levels, Waiting for Fed Next Week

Mortgage rates improved slightly today, bringing them to their best levels of week. The day's economic data, which stood a chance to push rates in either direction, ended up having ...

MND NewsWire - 10:56AM

Obama to Name Summers Fed President, or No Decision Yet?

Japan's Nikkei newspaper is quoting unnamed sources saying that former Clinton Administration Treasury Secretary Lawrence Summers will be the next Chairman of the Federal Reserve Board ...

MND NewsWire - 12:14PM

Mortgage Lending Faces Big Risks From 2nd Liens, Delinquencies, and Higher Rates

Darrin Benhart, Deputy Comptroller for Credit and Market Risk, Office of Comptroller of the Currency (OCC) said in a speech on Wednesday that the banking industry has a good deal of ...

Pipeline Press - 10:23AM

CFPB Cordray's Testimony - Who Will Regulate the Regulator? Talk About Preparing for a CFPB Exam

After 36 years of space travel and months of heated debate among scientists, NASA confirmed Thursday that Voyager 1 has indeed left our solar system and had entered interstellar space ...

Latest Video

Nation's debt drama takes center stage

TARP one of the 'worse economic decisions' in US history: Kovacevich

The Week Ahead: The Fed & the collapse of Lehman

More News from 'Around the Web'

Reuters - 7:07PM
Wall Street Week Ahead: Fed may taper without causing market tantrum
Reuters - 7:00PM
Bankruptcy court approves ResCap's $596.5 million deal with FGIC
Reuters - 5:13PM
Banks to get third-quarter profit boost from dipping into reserves
Reuters - 5:13PM
Democrats harden opposition against Summers for Fed
Market Watch - 4:55PM
Tester to vote 'no' on Summers
HUD - 3:49PM
Obama Administration Releases August Housing Scorecard
Market Watch - 3:45PM
The Fed: Besides the taper, 5 things to watch at the Fed
Bloomberg - 3:44PM
Consumers Tune Out Fed's Inflation Target - Bloomberg
DataQuick - 2:21PM
August Bay Area Home Sales Report
Bloomberg - 2:19PM
Merrill Lynch Must Face Mortgage Lawsuit, Judge Says
The Atlantic - 1:07PM
The Comprehensive Case Against Larry Summers
CNBC - 1:07PM
Fed chair pick likely in a few weeks, not next week
The Atlantic - 1:06PM
A House Is a HomeNot an Investment
S&P/Case Shiller - 12:19PM
Richmond, Calif.'s Eminent Domain Proposal Could Have A Far-Reaching Impact On The U.S. RMBS Market
CNBC - 10:34AM
US consumers turn glum; soaring rates dampen mood
Reuters - 10:34AM
U.S. business inventories rise, may lift third-quarter growth
CNN - 9:07AM
Obama to name new top economic adviser
Reuters - 9:06AM
U.S. producer prices rise, but inflation pressures benign
Reuters - 9:06AM
U.S. retail sales miss expectations, point to slow growth
Bloomberg - 9:06AM
El-Erian Says Fed to End Easing to Prevent Excessive Risk - Bloomberg

Today's Comments

	MND NewsWire - 1:24AM "LOVE IT. Nice when even Congress "gets" it when regulatory agencies run amuck. Let's hope the "many further appearances" continue regularly...."
	MND NewsWire - 11:41AM "Why is it necessary in any stretch of the imagination for the CFPB to be exempt from the Budgetary and Appropriations process? Does that make sense to any body?..."
	MBS Live Chat - 11:45AM "just got an appraisal noting that the roof is toast. they have a pending hail claim and the insurance is replacing the roof. Do you think we can close this w/o replacing the roof since there is a claim in process to get it fixed? this is a refi..."
	MBS Live Chat - 11:46AM "I think you are going to have to wait..."
	MBS Live Chat - 11:46AM "is appraisal marked subject to?..."
	MBS Live Chat - 11:47AM "i think VB will be correct, who knows that they won't just take the insurance money and spend it on something else? Not saying they will, but that will be the arguement..."
	MBS Live Chat - 11:47AM "no, just says that it appears to be at the end of its functional life..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.64%

-0.04

15 Yr FRM

3.74%

-0.02

FHA 30 Year Fixed

4.31%

-0.04

Jumbo 30 Year Fixed

4.65%

-0.04

5/1 Yr ARM

3.13%

-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

4.80%

0.46

+0.07

15 Yr. Fixed

3.83%

0.42

+0.08

30 Yr. Jumbo

4.84%

0.41

+0.13

30 Yr. FHA

4.56%

0.28

+0.08

5/1 ARM

3.59%

0.43

+0.10

Freddie Mac **

30 Yr. Fixed

4.57%

0.80

+0.00

15 Yr. Fixed

3.59%

0.70

+0.00

1 Yr. ARM

2.67%

0.40

-0.04

5/1 Yr. ARM

3.22%

0.50

-0.06

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

94-17

+0-05

30YR FNMA 3.5

98-30

+0-07

30YR GNMA 3.0

95-06

+0-03

30YR GNMA 3.5

99-28

+0-07

15YR FNMA 3.0

101-18

+0-05

15YR FNMA 2.5

98-08

+0-04

Treasuries

Yield

Change

2 YR

0.4352%

-0.0078

5 YR

1.6996%

-0.0097

10 YR

2.8902%

-0.0202

30 YR

3.8385%

-0.0154

Prices as of: 9/13/2013 4:32PM 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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