Daily Newsletter: Tuesday September 17, 2013

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30 Year Fixed

                                                                4.59%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                3.70%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.85%
                                                                  
                                                                -0.0259

FNMA 30YR 3.5

                                                                99-13
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                101-26
                                                                  
                                                                -0-01

View Today's Rates

Tuesday September 17, 2013

Mortgage Rate Watch - 4:50PM

Mortgage Rates Eerily Flat; Tomorrow is Potentially Huge

As if to reinforce the gravity of the events that lie ahead, Mortgage rates were perfectly flat today, on average, meaning that today's rate sheets are in the same territory as yesterday ...

MND NewsWire - 12:54PM

Recovery Will Continue Despite Contracting Mortgage Industry - Fannie Mae

Fannie Mae's senior economists said today that anticipated declines in refinance originations suggest that mortgage industry employment, which has trended up since hitting bottom early ...

MND NewsWire - 12:19PM

Builders Say Prospective Buyer Traffic Best Since 2005

Builder confidence in the market for newly built single family homes held steady in September after four consecutive months of improvements the National Association of Home Builders ...

MND NewsWire - 12:56PM

Freddie Mac Extends Disaster Assistance to Colorado Flood Victims

As it did following the devastation of Hurricane Sandy, Freddie Mac has made the full menu of its mortgage relief policies available to borrowers in the Colorado area. The state has ...

Latest Video

Housing Crash: What's different now?

Bond rally will be short-lived

Santelli: Here's how history will judge Ben Bernanke

More News from 'Around the Web'

www.collateralvision.com - 5:43PM
FNC Index: Home Prices Continue to Rise, Up 0.7% in July
NAHB - 5:43PM
Senators Cite Importance of Maintaining Federal Backstop in Housing Finance Overhaul
CNBC - 5:43PM
Fed taper? Might as well be tightening, Wien says
Reuters - 5:43PM
With the end of Fed's QE in sight, U.S. public says 'Huh?'
CNBC - 4:56PM
Rick Santelli: How will history judge Ben Bernanke?
Reuters - 4:56PM
Occupy Wall Street marks second anniversary with quiet rally
CNN - 4:56PM
U.S. to seize Manhattan skyscraper secretly owned by Iran
Washington Post - 3:52PM
Yellen vs. Kohn is the new Summers vs. Yellen
CNBC - 3:49PM
Relax. The markets aren't running on QE anyway
Market Watch - 2:58PM
CFTC reportedly to probe J.P. Morgan over losses
Reuters - 1:05PM
Treasury urges Congress to act now on debt ceiling
blogs.wsj.com - 1:03PM
When Fed Trims Bond Purchases, How Remains Undecided
Bloomberg - 1:02PM
Nontraded REIT Fundraising This Year Surpasses Record - Bloomberg
CNBC - 1:02PM
Can the mortgage market crash again?
Bloomberg - 11:30AM
California Mortgage Grabs Are a Terrible Idea
CNBC - 11:30AM
Push for Yellen gathers steam
freddiemac.mwnewsroom.com - 11:28AM
Freddie Mac Immediately Extends Mortgage Relief to Colorado Borrowers Affected by Floods
WSJ - 10:39AM
After Fed Meeting Officials Have Heavy Speaking Schedule
Bloomberg - 10:37AM
Fed Decision-Day Guide From QE Tapering to Bernanke Comments - Bloomberg
Market Watch - 10:36AM
Bond Report: Treasury yields resume slide ahead of Fed meeting

Today's Comments

	MBS Live Chat - 12:03PM "not exactly sure, but I've yet to hear LO's aren't supposed to run GUS. hodges is usually a credible source though, so I'll ask...."
	MBS Live Chat - 12:04PM "Usually only processors, u/w run GUS. At least in my experience. You don't have the ability to run it as many times as you do DU. Pretty sure you're limited to 5 runs..."
	MBS Live Chat - 12:05PM "The bank just sent us the findings and it was in fact ineligible at 33/33 ratios. I assume they are much tougher then on ratios for under 640 unlike FHA...."
	MBS Live Chat - 12:09PM "GUS is tricky...i limit who can run them as after 5 you get a full UW alert..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.59%

+0.00

15 Yr FRM

3.70%

+0.01

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.60%

-0.01

5/1 Yr ARM

3.12%

+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

95-04

+0-09

30YR FNMA 3.5

99-13

+0-07

30YR GNMA 3.0

95-25

+0-08

30YR GNMA 3.5

100-11

+0-06

15YR FNMA 3.0

101-26

-0-01

15YR FNMA 2.5

98-17

+0-01

Treasuries

Yield

Change

2 YR

0.3750%

-0.0241

5 YR

1.6071%

-0.0280

10 YR

2.8458%

-0.0259

30 YR

3.8277%

-0.0436

Prices as of: 9/17/2013 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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