Daily Newsletter: Tuesday October 22, 2013

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30 Year Fixed

                                                                4.14%
                                                                  
                                                                -0.14

15 Year Fixed

                                                                3.30%
                                                                  
                                                                -0.10

10YR Treasury

                                                                2.51%
                                                                  
                                                                -0.0908

FNMA 30YR 3.5

                                                                102-19
                                                                  
                                                                +0-24

FNMA 15YR 2.5

                                                                103-31
                                                                  
                                                                +0-14

View Today's Rates

Tuesday October 22, 2013

Mortgage Rate Watch - 4:41PM

Mortgage Rates Drop Quickly After Jobs Data

Mortgage rates fell abruptly today, after the long-awaited Employment Situation Report painted a bleaker-than-expected picture for labor markets. The report was originally scheduled ...

MND NewsWire - 4:05PM

Fannie and Freddie Announce Expanded HARP Eligibility Dates

In a move some borrowers and originators might consider "too little, too late" both Fannie Mae and Freddie Mac announced today they are expanding the eligibility dates for the Home ...

MND NewsWire - 3:28PM

California Home Sale Contracts Fall but Equity Share Increases

Pending homes sales in California dipped by 1.8 percent on the California Association of Realtors® (C.A.R) Pending Home Sales Index, falling to 106.4 in September from 108.3 a month ...

MND NewsWire - 5:01PM

Regulators Give Lenders Green Light to Offer Fewer Options

In the post-meltdown era of hyper-regulation, lenders are understandably not eager to stick their necks out any further than necessary. Many in the mortgage industry would prefer to ...

Latest Video

JPM's California problem

Fed could be on hold until March: Pisani

Buy bonds over stocks?

More News from 'Around the Web'

business.time.com - 5:21PM
S&P 500 Closes At Record For Fourth Straight Day
Bloomberg - 5:21PM
Deutsche Bank Said to Prepare Blackstone-Linked Rental Bonds - Bloomberg
Reuters - 5:20PM
Exclusive: JPMorgan settlement could cost bank closer to $9 billion
investors.flagstar.com - 5:20PM
Flagstar Reports Third Quarter 2013 Net Income of $12.8 million or $0.16 per Diluted Share
Fannie Mae - 4:27PM
Dr. Amy E. Alving Elected to Fannie Mae Board of Directors
WSJ - 3:50PM
Employment Shows Missing Households' Still Weigh on Housing
OCC - 2:58PM
Federal Regulators Provide Guidance On Qualified Mortgage Fair Lending Risks
Washington Post - 2:25PM
Wonkblog: When is the Fed going to taper QE? Probably not soon!
WSJ - 1:53PM
Housing Construction Gains Not Translating to Much Hiring
www.cfpbmonitor.com - 1:46PM
Director Cordray focuses on mortgage rules in remarks to American Bankers Association
CFPB - 12:38PM
CFPB Releases 'eRegulations', Open Source Tool to Make Regulations Easier to Understand
Bloomberg - 11:17AM
BofA's Countrywide Loans Were `In the Ditch,' US Says - Bloomberg
Realtor.Org - 11:16AM
What NAR's Big Data Initiative is All About
news.google.com - 10:27AM
Jobs Report Keeps Fed on Hold for Now - Wall Street Journal
www.aei-ideas.org - 10:27AM
The September jobs report: We waited three weeks for this?
Reuters - 10:26AM
U.S. construction spending approaches 4-1/2 year high
www.nytimes.com - 10:26AM
Jobs Report Brightens Wall Street
Market Watch - 9:44AM
Coming up: August construction spending
Reuters - 9:42AM
Fed won't raise U.S. rates until well 2015, traders bet
Washington Post - 9:42AM
Wonkblog: The jobs report was totally blech. And it may get worse.

Today's Comments

	MBS Live Chat - 2:22PM "RTRS- POLL-MAJORITY OF DEALERS SAYS BUDGET/DEBT LIMIT IMPASSE TO HAVE 'SIGNIFICANT' EFFECT ON TIMING OF FED TAPERING..."
	MBS Live Chat - 2:48PM "http://www.freddiemac.com/singlefamily/news/2013/1022_revised_eligibility_date.html..."
	MBS Live Chat - 2:51PM "thanks AP. Wonder if Fannie will do it too..."
	MBS Live Chat - 2:51PM "they will have to...."
	MBS Live Chat - 2:52PM "Would be nice if they did. I know I have at least a few borrowers that could then use HARP if Fannie switches to the Note date...."
	MBS Live Chat - 2:52PM "why have to? FHFA mandated?..."
	MBS Live Chat - 2:54PM "if it is for consumer transparency and HARP is under Making Home Affordable, there can't be two sets of rules. Consumers would be treated differently for presumably one program...."
	MBS Live Chat - 2:55PM "that is the interesting part, I don't see an FHFA statement on this which leads me to think that agencies have some say on the eligibility date...."
	MBS Live Chat - 2:58PM "https://www.fanniemae.com/content/announcement/sel1308.pdf..."
	MBS Live Chat - 2:58PM "boom! Fannie conforms to the new date..."
	MND NewsWire - 5:08PM "Nice to know that lenders will not be held in violation of Fair Lending Laws simply by following QM requirements!..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.14%

-0.14

15 Yr FRM

3.30%

-0.10

FHA 30 Year Fixed

3.88%

-0.12

Jumbo 30 Year Fixed

4.20%

-0.09

5/1 Yr ARM

3.15%

-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

4.46%

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

98-18

+0-27

30YR FNMA 3.5

102-19

+0-24

30YR GNMA 3.0

99-21

+0-31

30YR GNMA 3.5

103-23

+0-25

15YR FNMA 3.0

103-31

+0-14

15YR FNMA 2.5

101-04

+0-18

Treasuries

Yield

Change

2 YR

0.2945%

-0.0202

5 YR

1.2832%

-0.0704

10 YR

2.5124%

-0.0908

30 YR

3.6119%

-0.0597

Prices as of: 10/22/2013 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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