Daily Newsletter: Thursday October 17, 2013

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30 Year Fixed

                                                                4.29%
                                                                  
                                                                -0.10

15 Year Fixed

                                                                3.41%
                                                                  
                                                                -0.07

10YR Treasury

                                                                2.59%
                                                                  
                                                                -0.0748

FNMA 30YR 3.5

                                                                101-30
                                                                  
                                                                +0-18

FNMA 15YR 2.5

                                                                103-16
                                                                  
                                                                +0-10

View Today's Rates

Thursday October 17, 2013

Mortgage Rate Watch - 5:10PM

Mortgage Rates Much Lower After Debt Deal

Mortgage rates fell significantly today, returning in line with the lowest levels seen in recent weeks for some lenders. Not every lender experienced the improvement in the same way ...

MND NewsWire - 1:20PM

Rising Rates and End of QE in 2014 - Fannie Mae

Some of the gist of Fannie Mae's October Economic Forecast, released Thursday but written late last week, was made obsolete when the government shutdown ended last evening, but the ...

MND NewsWire - 6:25PM

Home Sales and Prices Fall in California; Shutdown Weakens October Outlook

Home sales in California were down over 5 percent in September as buyers, according to the California Association of Realtors® (C.A.R.) reacted to rising rates and economic uncertainty ...

MND NewsWire - 1:27PM

Home Improvement Spending to Level in mid-2014

LIRA, a forward looking indicator of remodeling activity, continues to project a double digit annual increase in home improvement spending through this quarter and the first quarter ...

Latest Video

S&P 500 closes at record high

Countdown to next shutdown: 90 days

Santelli's Midday Bond Report

More News from 'Around the Web'

CRL - 6:26PM
Fixing What Went Wrong and Building on What Works in Housing Finance
The Huffington Post - 6:26PM
Carl Gibson: Richmond, California Mayor Occupies Wall Street
WSJ - 6:26PM
Inflation Data to Be Screwed Up for Months
WSJ - 4:44PM
When Will Labor Department Reports Be Released?
Reuters - 4:14PM
Fed needs 'couple of meetings' before cutting QE3: Evans
DataQuick - 4:12PM
September Bay Area Home Sale Press Release
Reuters - 4:04PM
Wells Fargo cuts 925 more mortgage jobs
Bloomberg - 4:03PM
Kocherlakota Says Higher Inflation Shouldn't Stop Fed Stimulus - Bloomberg
www.cfpbmonitor.com - 3:59PM
CFPB proposes final interim mortgage servicing rule
Reuters - 2:53PM
Deutsche Bank unit to pay $11 million to end Nevada mortgage probe
Reuters - 2:52PM
HSBC hit with $2.46-billion judgment in U.S. class action
Bloomberg - 1:21PM
Fed's Evans Sees QE Tapering Postponed After Data Shutdown - Bloomberg
Bloomberg - 1:21PM
Credit Swaps in U.S. Decline to Five-Month Low After Fiscal Deal - Bloomberg
Reuters - 12:18PM
Wall Street turns to fundamentals, and the picture sours
Fannie Mae - 11:28AM
News Release - Fiscal Debate Weighs on Fragile Economic ...
Washington Post - 10:53AM
Flipping homes goes high-end
Reuters - 10:21AM
Fed official sees signs of U.S. housing bubble, warns on MBS buys
freddiemac.mwnewsroom.com - 10:20AM
Freddie Mac: Fixed Mortgage Rates Edge Higher
Bloomberg - 8:44AM
BBT Profit Declines 43% as Lender Incurs Charge After Tax Case
Reuters - 8:42AM
U.S. failure to fix fiscal 'mess' undermines Fed on jobs: Fisher

Today's Comments

	MBS Live Chat - 11:34AM "Who would you guys suggest for studying material on the national test? I was going to take it in the next two weeks...."
	MBS Live Chat - 11:35AM "it's really basic CM, 25 questions, you can get 95%+ without studying...."
	MBS Live Chat - 11:36AM "I meant the federal test. I have not taken any of them since I have been on the federal side for 3+ years..."
	MBS Live Chat - 11:37AM "shoot me your email address and I'll send you a study guide..."
	MBS Live Chat - 11:38AM "I think Chris is talking about the full SAFE test, not the UST..."
	MBS Live Chat - 11:42AM "yes, national safe act test is not easy and you should really study for it...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.29%

-0.10

15 Yr FRM

3.41%

-0.07

FHA 30 Year Fixed

4.00%

-0.06

Jumbo 30 Year Fixed

4.30%

-0.06

5/1 Yr ARM

3.17%

+0.05

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

4.46%

0.31

+0.04

15 Yr. Fixed

3.53%

0.31

+0.01

30 Yr. Jumbo

4.51%

0.15

+0.06

30 Yr. FHA

4.16%

0.44

+0.01

5/1 ARM

3.25%

0.31

+0.00

Freddie Mac **

30 Yr. Fixed

4.28%

0.70

+0.05

15 Yr. Fixed

3.33%

0.70

+0.02

1 Yr. ARM

2.63%

0.40

-0.01

5/1 Yr. ARM

3.07%

0.40

+0.02

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

97-25

+0-22

30YR FNMA 3.5

101-30

+0-18

30YR GNMA 3.0

98-19

+0-23

30YR GNMA 3.5

102-26

+0-18

15YR FNMA 3.0

103-16

+0-10

15YR FNMA 2.5

100-18

+0-13

Treasuries

Yield

Change

2 YR

0.3143%

-0.0201

5 YR

1.3357%

-0.0573

10 YR

2.5940%

-0.0748

30 YR

3.6646%

-0.0596

Prices as of: 10/17/2013 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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