Daily Newsletter: Wednesday November 13, 2013

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                4.42%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.50%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.72%
                                                                  
                                                                -0.0520

FNMA 30YR 3.5

                                                                100-31
                                                                  
                                                                +0-12

FNMA 15YR 2.5

                                                                103-04
                                                                  
                                                                +0-05

View Today's Rates

Wednesday November 13, 2013

Mortgage Rate Watch - 5:11PM

Mortgage Rates Bounce Back

Mortgage rates fell today , erasing yesterday's weakness in many cases. There were no significant events in the morning, but bond markets had already improved overnight in Asia and ...

MBS Commentary - 5:09PM

MBS RECAP: Significant Improvement Following Yellen Remarks

MBS Live : MBS Afternoon Market Summary Janet Yellen's prepared remarks for tomorrow's confirmation hearing were released at 4:30pm today. While there was little reason to expect a ...

MND NewsWire - 2:25PM

Closer Look Gap Between Primary and Secondary Mortgage Rates

Primary-Secondary Spread is the difference between an average mortgage interest rate and a representative yield on newly issued agency mortgage-backed securities (MBS) based on that ...

MND NewsWire - 8:40AM

Mortgage Applications Continue to Slide; Previous Week Revised

In addition to releasing data on mortgage application activity for the week ended November 8, the Mortgage Bankers Association (MBA) revised its numbers from the week ended November ...

Latest Video

Yellen testimony: Details in the Q&A

Pulte CEO: Housing has long-term upside

Cashin says: Market will heat up Thursday

More News from 'Around the Web'

www.nytimes.com - 5:31PM
Tracking Fed Officials' Comments on Tapering
House Financial Services - 4:45PM
Subcommittee Hearing Finds Fed's 'Dual Mandate' Unusual, Sows Uncertainty
CNBC - 4:41PM
Yellen, in prepared remarks: 'We have farther to go to regain the ground lost in the crisis'
Bloomberg - 3:32PM
HUD Said to Fail in Bid to Sell $450 Million of Bad Mortgages - Bloomberg
DataQuick - 3:32PM
October Bay Area Home Sale Press Release
CNBC - 2:37PM
Asset managers face scrutiny
Market Watch - 2:37PM
Stocks hit session highs on Yellen talk
Reuters - 2:37PM
Analysis: Time for Fed to accept that U.S. growth not what it used to be?
Reuters - 2:37PM
JPMorgan continues work on final deal with regulators, executive says
Market Watch - 1:17PM
Treasurys hold gains after 10-year note auction
CNN - 1:16PM
Why the Tea Party may delay Yellen's confirmation
WSJ - 12:13PM
Plots & Ploys: Sale of the Century
www.aei-ideas.org - 12:10PM
Do Fed critics really think the US economy would be stronger with tighter monetary policy?
Market Watch - 11:44AM
Financial Stocks: Fannie, Freddie up on talk of hedge-fund interest
Washington Post - 11:44AM
Wonkblog: Nine questions the Senate should ask Janet Yellen
WSJ - 10:52AM
Cleveland Fed's Pianalto Praises Yellen Ahead of Confirmation Hearing
Market Watch - 10:49AM
Bond Report: Treasurys gain as global markets take off risk
Bloomberg - 10:48AM
Great Rotation Seen Muted by Pension-Fund Demand: Credit Markets - Bloomberg
CNBC - 9:38AM
Ex-Fed official: 'I'm sorry for QE'
CNBC - 8:38AM
Mortgage applications dip in latest week

Today's Comments

	MBS Live Chat - 1:46PM "What is cooking right now that is pushing MBS?..."
	MBS Live Chat - 1:52PM "illiquidity is all I got for now. 10's say it should bounce back. Could be nothing more than market making and position shuffling...."
	MBS Live Chat - 2:05PM "10s were correct..."
	MBS Live Chat - 2:41PM "I would think Yellen will spend some time defending the Feds easy monetary policy..."
	MBS Live Chat - 2:45PM "last major instance of Yellen-speak was about a month ago. She said there's some progress but more needs to be done to strengthen economy. "too many people still can't find a job." She noted need for vigorous debate followed by Fed uniting behind the decision. I don't feel like she's blindly in favor..."
	MBS Live Chat - 3:11PM "having a debate about IPC's (Seller concession) - anyone have any info on why a Seller concession could not be used to pay a buyer agents comission shortage?..."
	MBS Live Chat - 3:17PM "Probably because the seller concession is supposed to benefit the buyer, not their agent?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.42%

-0.04

15 Yr FRM

3.50%

-0.03

FHA 30 Year Fixed

4.19%

-0.06

Jumbo 30 Year Fixed

4.36%

-0.02

5/1 Yr ARM

3.22%

+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

4.32%

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

96-23

+0-13

30YR FNMA 3.5

100-31

+0-12

30YR GNMA 3.0

97-23

+0-14

30YR GNMA 3.5

101-30

+0-13

15YR FNMA 3.0

103-04

+0-05

15YR FNMA 2.5

99-30

+0-07

Treasuries

Yield

Change

2 YR

0.3100%

-0.0198

5 YR

1.3873%

-0.0673

10 YR

2.7218%

-0.0520

30 YR

3.8254%

-0.0319

Prices as of: 11/13/2013 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.

View this Report in your Web Browser | Forward to a Friend | Subscribe