Daily Newsletter: Wednesday November 20, 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

                                                                4.43%
                                                                  
                                                                +0.10

15 Year Fixed

                                                                3.50%
                                                                  
                                                                +0.08

10YR Treasury

                                                                2.80%
                                                                  
                                                                +0.0883

FNMA 30YR 3.5

                                                                100-28
                                                                  
                                                                -0-21

FNMA 15YR 2.5

                                                                103-05
                                                                  
                                                                -0-09

View Today's Rates

Wednesday November 20, 2013

MND NewsWire - 9:51AM

Freddie Mac Forecasts First Purchase-Dominated Market Since 2000

The coming year should bring an emergence of the first purchase-dominated market the U.S. has seen since 2000 Freddie Mac predicted today. The single-family mortgage market will soon ...

Mortgage Rate Watch - 5:32PM

Mortgage Rates Much Higher After FOMC

Mortgage rates shot significantly higher after today's FOMC Minutes reminded markets that the Fed is still intently considering a reduction in asset purchases. Most lenders are a full ...

MBS Commentary - 3:15PM

Making Sense of the FOMC Minutes' Impact on Bond Markets

Back in May and June, the Fed was either clearly finding a sense of urgency about managing the pace of asset purchases or they clearly wanted us to believe the same. This resulted in ...

MND NewsWire - 10:57AM

Stronger Home Sales will Require More Construction and Looser Credit - NAR

Low inventories continue to drive home prices up from year-ago levels, but existing home sales appear to have at least temporarily cooled the National Association of Realtors® ...

MND NewsWire - 3:10PM

Purchase Mortgages Top 60 percent in October

Mortgage loan originations for the purpose of purchasing topped 60 percent in October Ellie Mae said on Wednesday, for the first time since the company began publishing its Origination ...

Latest Video

Fed minutes: QE communication issues

Fed money never destined for 'real economy': Pro

Santelli Exchange: Sen. Corker to support Yellen

More News from 'Around the Web'

Reuters - 5:02PM
Ally Financial repays $5.9 billion in bailout aid: Treasury
WSJ - 5:02PM
Fed Minutes Takeaways: On Track to End QE, but Stick to Low Rates
CNBC - 3:00PM
Watch out! Worrisome housing signs appear in West
Google News - 3:00PM
Realtors® Support Revamped Mortgage Disclosure Form
CFPB - 1:55PM
Explainer: How the final TILA-RESPA rule differs from the proposal
Federal Reserve - 2:15PM
Minutes of the Federal Open Market Committee, October 29-30, 2013
Bloomberg - 1:25PM
Toll's Yearley Says Homebuilder Has Room to Raise Prices - Bloomberg
Bloomberg - 11:39AM
Bullard Says Tapering Bond Buying Is 'On the Table' Next Month - Bloomberg
www.aei.org - 10:21AM
The FHA is a predatory lender
Realtor.Org - 11:38AM
Veissi: Pause Needed on Flood Ins. Changes

Today's Comments

	MND NewsWire - 3:37PM "Can't believe average pull through is only 52%. Must be a heck of a lot of applications being submitted with no chance of closing. Clearly there's a ton of time being wasted disclosing, processing, and underwriting loans that fall out...."
	MBS Commentary - 4:43PM "Awesome insight into the intent of Fed minutes. Bottom line is that no matter how much loan officers want QE Infinity, it's on its last legs, barring a calamitous economic downturn...."
	MBS Commentary - 5:25PM "Ted the Economic Downturn will come when they stop and rates go up.. The two major areas showing the best signs of recovery is Auto and Housing.. As much as everyone wants to pretend rising rates won't take down the housing recovery is sadly mistaken. It's not that LO's want QE infinity we just don't..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.43%

+0.10

15 Yr FRM

3.50%

+0.08

FHA 30 Year Fixed

4.13%

+0.12

Jumbo 30 Year Fixed

4.41%

+0.10

5/1 Yr ARM

3.28%

+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

4.46%

0.38

+0.02

15 Yr. Fixed

3.52%

0.33

+0.00

30 Yr. Jumbo

4.47%

0.22

-0.01

30 Yr. FHA

4.14%

0.25

-0.02

5/1 ARM

3.12%

0.27

+0.01

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

96-14

-0-25

30YR FNMA 3.5

100-28

-0-21

30YR GNMA 3.0

97-20

-0-23

30YR GNMA 3.5

102-01

-0-18

15YR FNMA 3.0

103-05

-0-09

15YR FNMA 2.5

99-29

-0-12

Treasuries

Yield

Change

2 YR

0.2783%

-0.0160

5 YR

1.3763%

+0.0198

10 YR

2.7987%

+0.0883

30 YR

3.9110%

+0.1084

Prices as of: 11/20/2013 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