Daily Newsletter: Tuesday January 14, 2014

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30 Year Fixed

                                                                4.50%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.50%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.87%
                                                                  
                                                                +0.0443

FNMA 30YR 3.5

                                                                100-04
                                                                  
                                                                -0-16

FNMA 15YR 2.5

                                                                102-12
                                                                  
                                                                -0-13

View Today's Rates

Tuesday January 14, 2014

MND NewsWire - 4:04PM

Lower Margins and Higher Expenses a Common Theme in Mega-Bank Earnings

Wells Fargo Bank (WFB) is reporting record fourth quarter as well as fiscal year financial results while scandal-plagued JP Morgan Chase (Chase) reported net income for the fourth quarter ...

MND NewsWire - 4:35PM

How QM Harms Homeowners -House Committee Hearing

The House Financial Services Committee heard testimony from five persons, almost all representing mortgage lenders , at a hearing today entitled How Prospective and Current Homeowners ...

Mortgage Rate Watch - 3:17PM

Mortgage Rates Higher, but Still Near Recent Lows

Mortgage rates moved moderately higher today, giving back some of the impressive gains seen since last Thursday. Most of that improvement came on Friday, following the shockingly weak ...

MND NewsWire - 10:39AM

Potential Manipulation of GSE Trades May be Just Fine with FBI

The Federal Bureau of Investigation (FBI) is looking into a sophisticated scheme using " unsophisticated tradecraft " to front run interest rate swaps and thus defraud government sponsored ...

Latest Video

Mortgage market slows

Futures Now: Yields bounce off 1-month low

BlackRock's Rosenberg: Buy long bonds

More News from 'Around the Web'

Realtor.Org - 4:39PM
Credit Union or Bank: Does It Matter?
Fannie Mae - 4:37PM
Fannie Selling Guide Update on Priority of HOA Fees
Bloomberg - 4:05PM
Fannie Mae Said to Sell $750 Million of Risk-Sharing Securities - Bloomberg
DataQuick - 2:20PM
December Southland Home Sale Press Releasse
CNBC - 2:08PM
Fed's Fisher pledges to vote to continue tapering; investors have 'beer goggles' from liquidity
House Financial Services - 2:07PM
Dodd-Frank Mortgage Rules Harm Homeownership
WSJ - 1:15PM
Where Did Consumer Spend Their Money in December?
Market Watch - 1:12PM
Plosser wants Fed to exit QE before end of 2014
www.cfpbmonitor.com - 11:00AM
CFPB issues revised mortgage servicing and origination exam procedures
blog.redfin.com - 11:00AM
Redfin: Hottest Neighborhoods of 2014
CNBC - 10:58AM
Interest rates don't matter? Fed paper says so
CNBC - 10:24AM
Mortgage forecasts lowered for 2014
www.gallup.com - 9:22AM
U.S. Economic Confidence Steady So Far in 2014
The Huffington Post - 9:20AM
The Cities Where $1 Million Buys Luxury -- Or A Tiny Shoebox Apartment
business.time.com - 9:14AM
JP Morgan Profits Drop as Legal Costs Take Their Toll
Reuters - 9:10AM
Consumer spending measure rises solidly
Reuters - 9:10AM
Import prices flat in December

Today's Comments

	Mortgage Rate Watch - 8:36AM "This is great news! Rates are very competitive...."
	MBS Live Chat - 12:36PM "Just gave back yesterday's gains, nothing serious so far...."
	MBS Live Chat - 12:28PM "with the past 2 days having such a rally, you have to expect a day like this..."
	MBS Live Chat - 12:45PM "RTRS- U.S. FED'S PLOSSER SAYS PREFERS TO END BOND PURCHASES BEFORE LATE 2014..."
	MBS Live Chat - 1:20PM "RTRS - FED'S FISHER: WILL 'NOT FLINCH' FROM SUPPORTING CUTS TO BOND BUYS EVEN IF STOCKS FALL..."
	MND NewsWire - 4:17PM "Anyone know what a 'typical' pre-bubble number of underwater mortgages is? 1 million? 2 million?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.50%

+0.03

15 Yr FRM

3.50%

+0.00

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.38%

+0.03

5/1 Yr ARM

3.25%

+0.01

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

95-24

-0-17

30YR FNMA 3.5

100-04

-0-16

30YR GNMA 3.0

97-09

-0-18

30YR GNMA 3.5

101-14

-0-20

15YR FNMA 3.0

102-12

-0-13

15YR FNMA 2.5

99-09

-0-14

Treasuries

Yield

Change

2 YR

0.3822%

+0.0242

5 YR

1.6482%

+0.0578

10 YR

2.8709%

+0.0443

30 YR

3.8017%

+0.0282

Prices as of: 1/14/2014 4:28PM 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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