Daily Newsletter: Friday November 8, 2013

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30 Year Fixed

                                                                4.42%
                                                                  
                                                                +0.13

15 Year Fixed

                                                                3.50%
                                                                  
                                                                +0.09

10YR Treasury

                                                                2.75%
                                                                  
                                                                +0.1495

FNMA 30YR 3.5

                                                                100-28
                                                                  
                                                                -1-03

FNMA 15YR 2.5

                                                                103-09
                                                                  
                                                                -0-16

View Today's Rates

Friday November 8, 2013

Mortgage Rate Watch - 2:52PM

Mortgage Rates Crushed by Employment Report

Mortgage rates shot dramatically higher after today's long-awaited Employment Situation Report (also referred to as "NFP" to save space and because the headline component of the report ...

MBS Commentary - 4:57PM

MBS RECAP: NFP Has Markets Second Guessing Taper Timeline (Again)

MBS Live : MBS Afternoon Market Summary Government Shutdowns come and go (and may come again), but our more constant companion since May has been the ongoing trial of Fed Asset purchases ...

MND NewsWire - 3:46PM

CFPB Launches Tool to Locate Housing Counselors

The Consumer Financial Protection Agency reminded lenders today of the requirement, starting January 10 , to provide consumers with a list of homeownership counseling organizations ...

Pipeline Press - 9:58AM

Flagstar and Castle & Cooke; MBS Margin Requirements Could Hurt Locks, Pricing and Borrowers

In this video , Wells Fargo voices its stance on the upcoming changes. The CFPB gave renewed reason for many lenders to contemplate taking their chips from 2012 and 2013 off the table ...

Latest Video

Cashin says: December payroll now 'critically' important

700,000 American workers missing?

Jobs surprise & the taper

More News from 'Around the Web'

Market Watch - 5:00PM
Treasury yields spike, Lennar, Pulte shares fall
Washington Post - 4:04PM
Wonkblog: Bernanke: Why the 2008 crisis was a lot like the Panic of 1907
Reuters - 4:04PM
Bank of America seeks to dismiss U.S. mortgage bond lawsuits
Google News - 3:14PM
The Time is Now for Lawmakers, Real Estate Industry to Secure Future of Homeownership
Bloomberg - 3:06PM
Pimco Loses $39 Billion to Client Withdrawals in Quarter - Bloomberg
Bloomberg - 3:06PM
Fed's Lockhart Says Fed Can't Rule Out QE Tapering Next Month - Bloomberg
freddiemac.mwnewsroom.com - 3:06PM
Freddie Mac Multifamily Prices 18th Securities Offering This Year, K-034
WSJ - 3:05PM
Mortgage REITs Remain in Fed's Sites
CNBC - 2:06PM
Bill Gross fall only half the story in bond funds
Bloomberg - 2:05PM
American Homes 4 Rent to Tap New Market for Rental-Backed Bonds - Bloomberg
WSJ - 2:04PM
DeMarco: People Are Forgetting Why Fannie, Freddie Failed
DataQuick - 2:04PM
September Seattle Region Home Sale Press Release
Market Watch - 1:01PM
Fed's Lockhart: Jobs improving but not satisfied
www.nytimes.com - 12:59PM
Off the Charts: As Commercial Property Market Heats Up, Mortgage Standards Are Easing
CNBC - 12:52PM
Stellar jobs report is downer for housing recovery
CNBC - 12:00PM
The re-zoning of real estate fund easy street
CNBC - 11:03AM
Lowest labor-force participation rate since 1978
news.google.com - 10:33AM
Fluky Jobs Report Keeps December Fed Action in Play, But Not Settled - Wall Street Journal
CNBC - 10:28AM
US consumer sentiment at 72.0 vs. 74.5 estimate
Bloomberg - 10:28AM
RBS Was Pretty Relaxed About Selling Bad Mortgages - Bloomberg

Today's Comments

	MBS Live Chat - 12:48PM "Guaranteed that other lenders are doing it the way C&C were/are doing it. Hopefully they're freaking out about now..."
	MBS Live Chat - 12:49PM "wait til CFPB starts going after loan officers..."
	MBS Live Chat - 12:50PM "seems like the best comp plan is keeping it super simple...."
	MBS Live Chat - 1:52PM "fyi for anyone with a late IRS filer... i'm refi'ing my NOO, i filed electronically on 10/15 and my transcript came back today..."
	MBS Live Chat - 2:38PM "Told my managers about today three days ago, they didn't pass along the info to our LO's, No one locked, if only they subscribed to MND......"
	MBS Live Chat - 2:41PM "Exactly, I cant tell me how many times today Ive been asked what the heck is going on...Im like well, my loand are all locked, you should suscribe to MND..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.42%

+0.13

15 Yr FRM

3.50%

+0.09

FHA 30 Year Fixed

4.15%

+0.20

Jumbo 30 Year Fixed

4.28%

-0.01

5/1 Yr ARM

3.17%

-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

4.32%

0.42

-0.01

15 Yr. Fixed

3.44%

0.30

+0.02

30 Yr. Jumbo

4.37%

0.26

+0.01

30 Yr. FHA

4.07%

0.22

+0.01

5/1 ARM

3.08%

0.31

-0.09

Freddie Mac **

30 Yr. Fixed

4.16%

0.80

+0.06

15 Yr. Fixed

3.27%

0.70

+0.07

1 Yr. ARM

2.61%

0.50

-0.03

5/1 Yr. ARM

2.96%

0.50

+0.00

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

96-17

-1-06

30YR FNMA 3.5

100-28

-1-03

30YR GNMA 3.0

97-13

-1-09

30YR GNMA 3.5

101-25

-1-04

15YR FNMA 3.0

103-09

-0-16

15YR FNMA 2.5

99-32

-0-20

Treasuries

Yield

Change

2 YR

0.3138%

+0.0281

5 YR

1.4167%

+0.1114

10 YR

2.7495%

+0.1495

30 YR

3.8490%

+0.1424

Prices as of: 11/8/2013 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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