Daily Newsletter: Thursday November 14, 2013

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30 Year Fixed

                                                                4.38%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                3.47%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.69%
                                                                  
                                                                -0.0292

FNMA 30YR 3.5

                                                                101-14
                                                                  
                                                                +0-15

FNMA 15YR 2.5

                                                                103-11
                                                                  
                                                                +0-07

View Today's Rates

Thursday November 14, 2013

Mortgage Rate Watch - 5:02PM

Mortgage Rates Continue Lower After Yellen Testimony

Mortgage rates continued today following the Janet Yellen's confirmation hearing before the Senate Banking Committee. Yellen is the nominee to replace Bernanke as the Chair of the Federal ...

MND NewsWire - 12:46PM

Housing Affordability Eroded Dramatically by 'Perfect Storm' in Q3

Housing affordability suffered its biggest hit in nearly ten years during the third quarter of 2013 the National Association of Homebuilders (NAHB) and Wells Fargo said today. Their ...

MND NewsWire - 10:32AM

Judicial States Working Through Huge Backlog of Distressed Properties

Judicial states playing catchup were behind a rise in foreclosure activity in October according to RealtyTrac's U.S. Foreclosure Market Report. Foreclosure filings - default notices ...

MND NewsWire - 10:39AM

New Home Purchase Applications up 11 percent

Applications for mortgages to purchase newly constructed homes jumped by 11 percent in October compared to September. Texas, Florida and California led the nation in new home purchase ...

Latest Video

Fairholme CEO: American's want progress

Yellen addresses hard hit real estate areas

Home sales picking up speed

More News from 'Around the Web'

Reuters - 5:35PM
Last witness testifies against $8.5 billion BofA settlement
Bloomberg - 5:35PM
Morgan Stanley Said to Seek Brokers' Dual Status in Lending Push - Bloomberg
Market Watch - 2:50PM
U.S. corporate bond issuance surges past $1 tln
CNBC - 2:50PM
Senate vote on Yellen could be near
CNBC - 2:50PM
Fannie-Freddie suitor confident on funds
Bloomberg - 1:12PM
Madame Chairman Holds Her Own - Bloomberg
CNBC - 1:11PM
Buying a home? Be prepared
CNBC - 12:05PM
Obama: We won't force insurers to upgrade plans
CNBC - 11:23AM
And the 'Funniest Person in Finance' is ...
news.google.com - 10:52AM
The Fed's Low Rate Message Is Sinking In - Wall Street Journal
CNBC - 10:47AM
Growth is only exit from QE: El-Erian
Reuters - 10:47AM
U.S. trade gap widens on imports, weekly jobless claims fall slightly
Washington Post - 10:47AM
Janet Yellen defends Federal Reserve policies before Senate banking panel
NAHB - 10:44AM
Housing Affordability Continues to Slide in Third Quarter
freddiemac.mwnewsroom.com - 10:43AM
Fixed Mortgage Rates Climbing
CNBC - 8:51AM
10 easy home fixes to save you money this winter
www.cfpbmonitor.com - 8:51AM
Mount Holly settlement approved; dismissal of U.S. Supreme Court appeal to follow
CNBC - 8:31AM
GOP wants Yellen to show QE 'regret': Ex-Fed wonk
CNBC - 8:31AM
US futures signal mixed open on Yellen's dovish tone
www.freddiemac.com - 8:31AM
Freddie Mac Risk-Sharing Initiatives Support Sustainable Mortgage Finance System

Today's Comments

	Mortgage Rate Watch - 10:32PM "I really enjoy the dialogue myself. I talk about medicine and healthcare with my patients all day so its nice (mostly) to change topics and learn about a such a complex and dynamic area as the mortgage market. I used to think it could not get much more complicated than medicine. I was wrong. My hat is..."
	MBS Live Chat - 12:13PM "Yellen is doing a fantastic job. Not one stumble...."
	MBS Live Chat - 12:47PM "Just got some info from Fannie that there are approximately 1.3 Million Fannie Mae loans eligible for HARP..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.38%

-0.04

15 Yr FRM

3.47%

-0.03

FHA 30 Year Fixed

4.12%

-0.07

Jumbo 30 Year Fixed

4.35%

-0.01

5/1 Yr ARM

3.24%

+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

4.35%

0.70

+0.19

15 Yr. Fixed

3.35%

0.70

+0.08

1 Yr. ARM

2.61%

0.40

+0.00

5/1 Yr. ARM

3.01%

0.40

+0.05

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

97-07

+0-16

30YR FNMA 3.5

101-14

+0-15

30YR GNMA 3.0

98-10

+0-19

30YR GNMA 3.5

102-13

+0-15

15YR FNMA 3.0

103-11

+0-07

15YR FNMA 2.5

100-08

+0-10

Treasuries

Yield

Change

2 YR

0.2940%

-0.0160

5 YR

1.3300%

-0.0163

10 YR

2.6926%

-0.0292

30 YR

3.7885%

-0.0369

Prices as of: 11/14/2013 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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