Daily Newsletter: Monday January 13, 2014

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30 Year Fixed

                                                                4.47%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.50%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.83%
                                                                  
                                                                -0.0313

FNMA 30YR 3.5

                                                                100-20
                                                                  
                                                                +0-13

FNMA 15YR 2.5

                                                                102-25
                                                                  
                                                                +0-09

View Today's Rates

Monday January 13, 2014

Mortgage Rate Watch - 3:32PM

Mortgage Rates Back to Late November Levels

Mortgage rates continued lower at a fairly brisk pace today, extending the already impressive drop that followed Friday's employment data. By Friday afternoon, the longstanding 4.625 ...

MND NewsWire - 1:43PM

Common Short Sale Myths Dispelled

Thanks to key changes in the program, completing a short sale through Freddie Mac is taking less time than ever before. The company's Senior Vice President Tracy Mooney, writing in ...

MBS Commentary - 6:48AM

MBS Day Ahead: What does Friday's Jobs Report Mean for Bonds?

Things have been less than great for bond markets since May of 2013 when sentiment in the Fixed-Income sector seemed to turn on a dime. In reality, the Fed had begun talking about tapering ...

MND NewsWire - 10:58AM

Housing Scorecard: Nearly 6 Million Fewer Underwater as Prices Hit 2005 Levels

Rising home prices are continuing to drive down the number of homeowners who are underwater according to the December Housing Scorecard published by the Departments of Treasury and ...

Latest Video

Debate It: Wells Fargo vs. JPMorgan

Cashin says: Fed not full speed ahead

America's Fed expectations

More News from 'Around the Web'

business.time.com - 4:44PM
Stocks Have Their Worst Day in Two Months
www.aei-ideas.org - 4:43PM
The case against the housing bubble
www.theatlantic.com - 3:17PM
Low Participation Rate isn't so Mysterious
Bloomberg - 3:11PM
US Posts Record December Budget Surplus on Fannie Mae Payments - Bloomberg
Reuters - 3:11PM
Jobless drop forces Fed's hand on forward guidance: Lockhart
www.frbsf.org - 1:51PM
Housing, Banking, and the Recovery: The Outlook
CNBC - 1:03PM
The most important financial crisis chart ever
Reuters - 12:32PM
Americans see stable inflation over the year: new Fed survey
www.cfpbmonitor.com - 12:25PM
CFPB revises three mortgage publications
www.cfpbmonitor.com - 12:24PM
House Financial Services Committee to hold hearing on QM rule
Fannie Mae - 12:15PM
Fannie Mae: Housing's Contribution to GDP Expected to Improve from 2013
CNBC - 10:18AM
Krugman: 'Baseball bat' austerity is over
Washington Post - 10:17AM
Wonkblog: Stanley Fischer saved Israel from the Great Recession. Now Janet Yellen wants him to help save the U.S.
www.freddiemac.com - 8:55AM
Short Sales: Dispelling the Myths
Market Watch - 8:54AM
5 ways the jumbo mortgage market will change in 2014
CNBC - 8:53AM
US bonds await earnings for hints on economy
CNBC - 8:53AM
New Fed is a 'dream team': El-Erian

Today's Comments

	MBS Commentary - 7:17AM "Always nice to have a longer term, broader vision. As LOs we look at the day to day and month to month. Good job putting this into perspective, Matt...."
	MBS Live Chat - 11:10AM "Ira, most of our lenders won't count the first 1.75% of up front MI... so only really an issue when going 95% LTV..."
	MBS Live Chat - 11:24AM "I would be careful. Check the investor guidelines for how they are counting MI. Especially if you count it one way puts you over & the other way doesn't. And my understanding was that Wells wasn't allowing UGI's borrower-paid single premium refundable MI......"
	MBS Live Chat - 12:10PM "even though the gfees/llpas may eventually come and rates will probably continue the trend upward, it's nice to get a little reprieve..."
	MBS Live Chat - 1:06PM "Wells Fargo, like many lenders. State that for a discount point to be Bona Fide: A discount point is “bona fide” if it reduces the consumer’s interest rate by an amount that reflects "established industry practices" How would you determine what "Established Industry Practices" are?..."
	MBS Live Chat - 2:00PM "for this and many, many other reasons, this site is invaluable...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.47%

-0.05

15 Yr FRM

3.50%

-0.03

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.35%

-0.05

5/1 Yr ARM

3.24%

-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

4.72%

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

4.51%

0.70

-0.02

15 Yr. Fixed

3.56%

0.60

+0.01

1 Yr. ARM

2.56%

0.50

+0.00

5/1 Yr. ARM

3.15%

0.40

+0.10

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

96-09

+0-13

30YR FNMA 3.5

100-20

+0-13

30YR GNMA 3.0

97-27

+0-10

30YR GNMA 3.5

102-02

+0-08

15YR FNMA 3.0

102-25

+0-09

15YR FNMA 2.5

99-23

+0-11

Treasuries

Yield

Change

2 YR

0.3580%

-0.0159

5 YR

1.5904%

-0.0345

10 YR

2.8266%

-0.0313

30 YR

3.7735%

-0.0256

Prices as of: 1/13/2014 4:32PM 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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