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Wednesday September 25, 2013
MND NewsWire - 11:28AM
New home sales turned upward in August after an especially poor showing in July, though remain well off levels from the first half of the year. The Census Bureau and the Department ...
Mortgage Rate Watch - 4:02PM
Mortgage rates fell to new 3-Month lows today. That makes this the 11th straight day where rates have held steady or moved lower. Conforming, 30yr Fixed rates remained at 4.375% ( best ...
MND NewsWire - 10:45AM
Incidents of mortgage application fraud identified in the second quarter were less likely to be property related and more likely to be tied to income information than they were the ...
MND NewsWire - 9:19AM
Applications for both refinancing and home purchase increased last week as mortgage interest rates retreated. The Mortgage Bankers Association (MBA) said that its Market Composite Index ...
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"wow another new daily high..."
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"Was there news a few mins ago or just getting through a technical level? What are we looking at for future pivots on the way down on the 10 yr, MG?..."
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"3pm Treasury close JA. That's not to say there wasn't a discreet cause and effect, but it's not uncommon to see a pick up in volume and volatility heading into and out of 3pm...."
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"we would need weak data, especially jobs# and gdp..."
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"agreed Gus, we need a crappy NFP..."
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"problem is EPO period..."
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"Sung, can you expand on your very valid EPO comment, because I'm guessing half of us understand and are right there with you and the other half would just like to see a crappy jobs report...."
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"Regarding EPO's, think we have a long way to go before folks that locked in July (and closed in August) start feeling the urge to refinance again...."
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"MG - Sung may be helping clients as we speak... EPO refers to Early Payoff, as in EPO penalty that most, if not all lenders place on loans that pay off in 4-6 months from purchase..."
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"if you are a correspondent, factor in additional time, as it typically is from purchase date NOT close date, unlike broker deals..."
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Today's Rates
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30 Yr FRM
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4.34%
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-0.05
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15 Yr FRM
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3.45%
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-0.05
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FHA 30 Year Fixed
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4.05%
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-0.05
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Jumbo 30 Year Fixed
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4.37%
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-0.01
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5/1 Yr ARM
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3.11%
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+0.01
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Average Mortgage Rates
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15 Yr. Fixed
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3.44%
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0.85
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+0.40
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30 Yr. Fixed
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4.27%
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1.09
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+0.51
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30 Yr. Fixed
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4.62%
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0.41
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-0.13
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15 Yr. Fixed
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3.68%
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0.28
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-0.13
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30 Yr. Jumbo
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4.66%
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0.29
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-0.17
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30 Yr. FHA
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4.32%
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0.37
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-0.18
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5/1 ARM
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3.39%
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0.35
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-0.15
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30 Yr. Fixed
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4.50%
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0.70
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-0.07
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15 Yr. Fixed
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3.54%
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0.70
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-0.05
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1 Yr. ARM
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2.65%
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0.40
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-0.02
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5/1 Yr. ARM
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3.11%
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0.50
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-0.11
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* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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Secondary Markets
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30YR FNMA 3.0
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97-21
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+0-14
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30YR FNMA 3.5
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101-23
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+0-11
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30YR GNMA 3.0
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98-20
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+0-17
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30YR GNMA 3.5
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102-26
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+0-13
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15YR FNMA 3.0
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103-09
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+0-05
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15YR FNMA 2.5
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100-11
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+0-10
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2 YR
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0.3402%
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+0.0099
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5 YR
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1.3847%
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-0.0395
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10 YR
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2.6207%
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-0.0345
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30 YR
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3.6603%
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-0.0104
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Prices as of: 9/25/2013 4:30PM EST
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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
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