Daily Newsletter: Wednesday January 8, 2014

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30 Year Fixed

                                                                4.62%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.64%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.99%
                                                                  
                                                                +0.0521

FNMA 30YR 3.5

                                                                99-17
                                                                  
                                                                -0-12

FNMA 15YR 2.5

                                                                102-01
                                                                  
                                                                -0-10

View Today's Rates

Wednesday January 8, 2014

MND NewsWire - 1:56PM

Wells and Others Gear up For Non-QM Lending

With new rules defining Qualified Mortgages (QM) slated to kick in on Friday at least two lenders have indicated they will make room for loans that don't quite fit the government mandated ...

MND NewsWire - 1:51PM

CFPB Separates Fact from Fiction on New Mortgage Rules

With the January 10 effective date closing in the Consumer Financial Protection Bureau (CFPB) is reminding consumers and lenders of the numerous materials and resources it has available ...

MND NewsWire - 12:41PM

Many Borrowers Saving 0.375% as FHFA Officially Delays Fee Hikes

Two days after being sworn in as the first Senate-confirmed Director of the Federal Housing Finance Agency (FHFA), Mel Watt made good on his December 20th promise to postpone the scheduled ...

Mortgage Rate Watch - 4:32PM

Mortgage Rates Back up to Monday's Levels

Mortgage rates moved higher today, perfectly erasing yesterday's solid gains on average. Movement continues to be only moderate in the big picture and hasn't yet affected the most prevalently ...

Latest Video

Strong ADP points to upbeat jobs report

Fed minutes breakdown

Institutional investors buy foreclosures

More News from 'Around the Web'

Market Watch - 4:10PM
10-year auction sees first 3% yield since May 2011
WSJ - 4:09PM
Consumer Debt Grows at Slowest Pace in 6 Months
WSJ - 4:07PM
Banks Got More Optimistic Stress Test' Results Than Fed
Bloomberg - 4:07PM
Consumer Credit in U.S. Rose in November on Non-Revolving Debt - Bloomberg
WSJ - 4:06PM
Forward Guidance: Fed Sticking to Guideposts
Bloomberg - 2:47PM
JPMorgan, UBS Said to Be Among Banks in Mortgage Probe - Bloomberg
CNBC - 2:47PM
Breaking and entering: Housing's big business
Google News - 2:37PM
Realtors® Support FHFA Decision to Delay Fannie, Freddie Fee Increases
WSJ - 2:36PM
Key Passages in Fed Minutes: Consensus on QE, Focus on Bubbles
CNBC - 12:35PM
Stronger jobs report seen encouraging Fed taper
CNN - 10:59AM
Investors cautious ahead of Fed minutes
WSJ - 10:59AM
Central Station: Fed Minutes to Show Convergence on Taper
FHFA - 10:02AM
FHFA Directs Fannie Mae and Freddie Mac To Delay Guarantee Fee Changes
blog.redfin.com - 9:59AM
Redfin: Home Demand Tumbles in December
CNBC - 9:58AM
Polar vortex puts chill on US economy
Bloomberg - 8:36AM
Wells Fargo Creates Swat Team to Keep Loans Inhouse: Mortgages - Bloomberg
CNBC - 8:33AM
Banks face new mortgage probe: Report

Today's Comments

	MND NewsWire - 12:19AM "The funny thing is the CFPB offered the industry several opportunities to provide input and variations of the disclosures, and I don't recall seeing any options offered (by myself or anyone in the industry) that simply addressed the over riding concern of what was in the best interest of protecting consumers..."
	MBS Live Chat - 1:33PM "I feel like this recovery euphoria is similar to the "green shoots" zeitgeist of our recent past...."
	MBS Live Chat - 2:00PM "RTRS- FED MINUTES SHOW MANY FOMC MEMBERS WANTED TO 'PROCEED CAUTIOUSLY' IN FIRST CUT TO QE; USE 'MEASURED STEPS'..."
	MBS Live Chat - 2:03PM "Hodges wins with his uneventful call. Nothing new here...."
	MBS Live Chat - 2:07PM "I thought I read this morning: "First thing's first: FOMC Minutes probably aren't quite as serious as normal."..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.62%

+0.03

15 Yr FRM

3.64%

+0.03

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.55%

+0.03

5/1 Yr ARM

3.25%

+0.00

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

4.72%

0.28

+0.00

15 Yr. Fixed

3.77%

0.34

+0.04

30 Yr. Jumbo

4.66%

0.12

+0.00

30 Yr. FHA

4.36%

0.15

+0.01

5/1 ARM

3.33%

0.44

+0.02

Freddie Mac **

30 Yr. Fixed

4.53%

0.80

+0.05

15 Yr. Fixed

3.55%

0.70

+0.03

1 Yr. ARM

2.56%

0.50

+0.00

5/1 Yr. ARM

3.05%

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

95-01

-0-14

30YR FNMA 3.5

99-17

-0-12

30YR GNMA 3.0

96-23

-0-12

30YR GNMA 3.5

100-32

-0-11

15YR FNMA 3.0

102-01

-0-10

15YR FNMA 2.5

98-27

-0-12

Treasuries

Yield

Change

2 YR

0.4290%

+0.0321

5 YR

1.7668%

+0.0878

10 YR

2.9912%

+0.0521

30 YR

3.8958%

+0.0118

Prices as of: 1/8/2014 4:43PM 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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