Daily Newsletter: Tuesday October 1, 2013

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30 Year Fixed

                                                                4.30%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                3.41%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.65%
                                                                  
                                                                +0.0310

FNMA 30YR 3.5

                                                                101-20
                                                                  
                                                                -0-08

FNMA 15YR 2.5

                                                                103-10
                                                                  
                                                                -0-07

View Today's Rates

Tuesday October 1, 2013

Mortgage Rate Watch - 5:05PM

Mortgage Rates Barely Budge Despite Govt. Shutdown

Mortgage rates were flat to slightly higher today, depending on the lender. Overall, rates are still very close to their best levels since June 19th with Friday being the only noticeably ...

MND NewsWire - 11:30AM

Pace of Home Price Growth Moderating: CoreLogic

Home prices continued to increase in August, but the breakneck pace of earlier months moderated a bit CoreLogic said today. Its Home Price Index (HPI) , including distressed sales, ...

MND NewsWire - 1:07PM

Shutdown Updates From Freddie Mac and HUD

Freddie Mac wants its customers and business partners to know they are open for business and largely unaffected by the government shutdown. Despite their conservatorship status, Freddie ...

MBS Commentary - 11:59AM

MBS MID-DAY: Chart Shows (Lack of) Impact From Shutdown

MBS Live : MBS Morning Market Summary The government shutdown happened overnight, but you might not know it judging by the state of financial markets this morning. In fact, you could ...

Latest Video

Markets not worried about debt ceiling: Jeff Cox

Government shutdown could last 1 week

Market doesn't like uncertainty: Pro

More News from 'Around the Web'

CNN - 5:23PM
Shutdown 1st day: Furloughs for many, some jobs are saved
freddiemac.mwnewsroom.com - 4:39PM
Freddie Mac Announces Settlements Totaling More Than $1.3 Billion With Major Financial Institutions
WSJ - 4:10PM
Which Government Workers Are Affected by Shutdown?
Bloomberg - 4:09PM
Bill Gross Says U.S. Will Avoid 'Catastrophic' Default on Debt - Bloomberg
www.gallup.com - 2:54PM
U.S. Economic Confidence Dips During Budget Battle
business.time.com - 2:50PM
Larry Summers: Government Shutdown Beyond Belief'
WSJ - 2:50PM
Fears of Stalling Housing Recovery Are Overblown
Bloomberg - 2:28PM
Shutdown Psychology Made Simple
CNBC - 2:24PM
U.S. government shuts down and the stock market rallies...huh?
Reuters - 1:47PM
Wall Street banks likely stung again by bad bond-trading quarter
SEC - 1:45PM
SEC Awards More Than $14 Million to Whistleblower
WSJ - 12:43PM
The Basics: Understanding Concepts Behind the Budget Battle
Washington Post - 12:34PM
Australia had a government shutdown once. It ended with the Queen firing everyone in Parliament.
CNN - 12:30PM
Bank CEOs to meet with Obama Wednesday
CNBC - 12:27PM
Corporate profit outlook weak and getting weaker
www.csbs.org - 12:27PM
Five More States to Use Uniform Mortgage Test; 35 States Now Using the Test
WSJ - 10:57AM
Apartment Market Tightens as Housing Costs Jump
CNBC - 10:52AM
For housing, shutdown is 'freeze of the pipeline'
WSJ - 9:36AM
Commerce Dept Likely To Cancel Release Of U.S. Construction Data
www.corelogic.com - 9:36AM
CoreLogic Reports Home Prices Rise by 12.4 Percent Year Over Year in August

Today's Comments

	MBS Live Chat - 10:39AM "From WF - According to their internal memo from this morning…they will continue to require tax transcripts on every file, even if it delays funding. This requirement will not be waived...."
	MBS Live Chat - 9:33AM "from what I've been told, you won't be able to get 4506-T's processed..."
	MBS Live Chat - 9:18AM "Did I read somewhere in the newstream that Labor could release the September numbers if the Administration requests?..."
	MBS Live Chat - 9:20AM "yes, that's a bit unclear still AP...."
	MBS Live Chat - 8:15AM "ADP will still report..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.30%

+0.01

15 Yr FRM

3.41%

+0.00

FHA 30 Year Fixed

4.02%

+0.02

Jumbo 30 Year Fixed

4.34%

+0.01

5/1 Yr ARM

3.13%

+0.03

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

97-15

-0-09

30YR FNMA 3.5

101-20

-0-08

30YR GNMA 3.0

98-09

-0-08

30YR GNMA 3.5

102-15

-0-08

15YR FNMA 3.0

103-10

-0-07

15YR FNMA 2.5

100-11

-0-08

Treasuries

Yield

Change

2 YR

0.3326%

+0.0119

5 YR

1.4222%

+0.0342

10 YR

2.6464%

+0.0310

30 YR

3.7127%

+0.0193

Prices as of: 10/1/2013 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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