Daily Newsletter: Friday September 27, 2013

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30 Year Fixed

                                                                4.28%
                                                                  
                                                                -0.06

15 Year Fixed

                                                                3.40%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.63%
                                                                  
                                                                -0.0199

FNMA 30YR 3.5

                                                                101-24
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                103-11
                                                                  
                                                                +0-06

View Today's Rates

Friday September 27, 2013

MND NewsWire - 1:26PM

FHA Required to Take Treasury Draw

The Federal Housing Administration (FHA) notified Congress this morning that, as had been rumored earlier in the week, it will need to draw on its borrowing authority from the U.S. ...

Mortgage Rate Watch - 4:29PM

Mortgage Rates Continue to New 3-Month Lows

Mortgage rates fell noticeably today, keeping alive an impressive streak of 13 days without higher rates. Three out of those 13 have been 'unchanged,' yesterday being one of them. There ...

MND NewsWire - 2:03PM

REITs, Pension Plans Increase Multifamily Debt Holdings

Commercial and multi-family mortgage debt increased by $24.5 billion in the second quarter of 2013, with $10.9 billion of that being debt in the multi-family sector. The Mortgage Bankers ...

Pipeline Press - 10:24AM

Don't Ignore The BSA; Potential Government Shutdown Entering Investor Updates; Nationstar Takes Down $41 Billion in Servicing?

All the McDonalds and Burger King workers in California are rejoicing: the minimum wage in California is heading to $10/hour . This, coupled with the tax increases voted in last year ...

Latest Video

FHA needs help

FHA seeks $1.7 Treasury bailout

'I think there will be a shutdown': Altman

More News from 'Around the Web'

WSJ - 5:28PM
Fed May Not Start Taper Until January
Reuters - 4:45PM
U.S. employment report would be delayed by shutdown
Bloomberg - 4:44PM
U.S. Treasury Would Continue Operating Debt Programs in Shutdown - Bloomberg
CNBC - 4:44PM
Obama to Congress: Do not shut down the economy
Bloomberg - 4:44PM
FHFA Offered Unqualified Buyers Foreclosures, Study Finds - Bloomberg
NAR - 4:43PM
Homeowner Equity
HUD - 4:42PM
HUD FY2013 Contingency Plan for Possible Lapse in Appropriations
Reuters - 4:05PM
Could be long time between QE taper and rate rise: Fed's Dudley
www.forbes.com - 2:36PM
Realtors Drive The Mortgage Bus
CNBC - 2:28PM
US Senate passes bill to continue funding government without Obamacare provision
House Financial Services - 1:38PM
Chairman Hensarling Comments on Obama Administration's Confirmation of $1.7 Billion Taxpayer-Funded Bailout for FHA
CNBC - 12:57PM
Should've hit Yellen more: Summers' camp
CNBC - 12:57PM
Republicans mull 10-day gov't funding bill
CNBC - 12:41PM
What you need to know if DC's fiscal follies deepen
www.justice.gov - 12:17PM
Justice Department Reaches Settlement with Plaza Home Mortgage Inc. to Resolve Allegations of Mortgage Lending Discrimination
WSJ - 10:53AM
Fed's George: Amount of Taper Less Important Than Clarity of Approach
Reuters - 10:53AM
Special Report: Pimco shook hands with the Fed - and made a killing
WSJ - 10:52AM
Fed's Evans Suggests Tapering Could Start Later Than October
CNBC - 10:34AM
FHA to draw $1.7 billion from Treasury

Today's Comments

	MND NewsWire - 10:59AM "Well it looks like FHA needs that bailout!! Who could have figured...right?!?! This industry continues to be a cesspool, plain and simple. There used to be this willfully ignorant, useful idiot named Jason Harris, on this board, that would argue about FHA not being subprime and, further, what a great..."
	MBS Live Chat - 2:02PM "MG- lots of sub-primy talk on this board as of late. Seems the more regulators try to move us forward they are creating the same scenario we had not too long ago...."
	MBS Live Chat - 2:04PM "I think the FHA sub-primey issue had more to do with the drastic pull back in guidelines in 07/08 and FHA suddenly being the only round hole in which many of the leftover square pegs would fit...."
	MBS Live Chat - 2:06PM "I remember, FHA mix went from 15% to 60% overnight in my old shop..."
	MBS Live Chat - 3:00PM "RTRS- PRESIDENT OBAMA TO MAKE STATEMENT AT WHITE HOUSE AT 3:30 P.M. EDT ON FISCAL ISSUES - WHITE HOUSE..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.28%

-0.06

15 Yr FRM

3.40%

-0.04

FHA 30 Year Fixed

4.00%

-0.06

Jumbo 30 Year Fixed

4.33%

-0.03

5/1 Yr ARM

3.08%

-0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.62%

1.06

+0.18

30 Yr. Fixed

4.49%

1.21

+0.22

MBA **

30 Yr. Fixed

4.62%

0.41

-0.13

15 Yr. Fixed

3.68%

0.28

-0.13

30 Yr. Jumbo

4.66%

0.29

-0.17

30 Yr. FHA

4.32%

0.37

-0.18

5/1 ARM

3.39%

0.35

-0.15

Freddie Mac **

30 Yr. Fixed

4.32%

0.70

-0.18

15 Yr. Fixed

3.37%

0.70

-0.17

1 Yr. ARM

2.63%

0.40

-0.02

5/1 Yr. ARM

3.07%

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

97-19

+0-08

30YR FNMA 3.5

101-24

+0-07

30YR GNMA 3.0

98-18

+0-07

30YR GNMA 3.5

102-25

+0-05

15YR FNMA 3.0

103-11

+0-06

15YR FNMA 2.5

100-13

+0-07

Treasuries

Yield

Change

2 YR

0.3363%

-0.0039

5 YR

1.4026%

-0.0292

10 YR

2.6263%

-0.0199

30 YR

3.6838%

-0.0122

Prices as of: 9/27/2013 4:28PM 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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