Daily Newsletter: Friday January 17, 2014

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30 Year Fixed

                                                                4.47%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.49%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.82%
                                                                  
                                                                -0.0238

FNMA 30YR 3.5

                                                                100-20
                                                                  
                                                                +0-06

FNMA 15YR 2.5

                                                                102-21
                                                                  
                                                                +0-05

View Today's Rates

Friday January 17, 2014

Mortgage Rate Watch - 5:44PM

Mortgage Rates Edge Back Down to 6-Week Lows

Mortgage rates moved lower for the second day in a row, bringing them back to the same 6-week lows seen on Monday, on average. Some lenders were in slightly better or worse shape compared ...

MND NewsWire - 12:35PM

CoreLogic asks if Poor Construction Hiring is New Normal

Data presented by CoreLogic in its new edition of MarketPulse raises an interesting question about employment in the construction sector . Is the slow pace of hiring the result of a ...

MND NewsWire - 10:26AM

December Construction Numbers Lag; November Figures Upgraded

All three Census Bureau/Department of Housing and Urban Development (HUD) measures of residential construction activity, housing permits, starts, and completions, were down in December ...

Pipeline Press - 10:42AM

Freddie's QC Goals; Jumbo Investor Chatter; Lender Updates; Where is Fannie & Freddie's Business Coming From?

"The check's in the mail!" Hah! The Fed reports the number of checks paid has declined from close to $50B in the 1990s to about $20B. With tax rates being what they are, and many chafing ...

Latest Video

Home pricing trends for 2014

Inside a $20 million penthouse suite

Pulte CEO: Time to invest in home building

More News from 'Around the Web'

WSJ - 5:10PM
Housing-Starts Forecast for 2014: Past Is not Prologue
www.aei-ideas.org - 3:45PM
Just how big an upward revision to that December job report?
business.time.com - 3:45PM
Canada Has Its Own Housing BubbleAnd It's About to Burst
CNBC - 2:06PM
Are we building too many houses?
Market Watch - 1:08PM
How banks court rich customers
Reuters - 12:10PM
Wells, U.S. Bancorp to stop making contentious short-term loans
WSJ - 10:50AM
Vital Signs: Housing Still Has More to Give
CNBC - 10:48AM
Tale of two consumers continues
Market Watch - 9:53AM
SunTrust Banks earnings rise 20% on lower expenses
NMHC - 9:51AM
Apartment Markets Soften Slightly According to NMHC Survey
WSJ - 8:58AM
New Lenders for Real-Estate Investors
NAFCU - 8:40AM
CFPB fines firm for mortgage kickbacks
CNBC - 8:39AM
US housing starts pause for breath in December
CNBC - 8:33AM
Morgan Stanley posts earnings of 50 cents a share vs. 45 cents estimate

Today's Comments

	MBS Live Chat - 12:34PM "Did you guys see the "QM and ATR fact vs fiction" letter? It basically says that it's a myth that the new rules will restrict credit for borrowers because QM is "voluntary" and lenders can choose not to write only QM. If you ask me, QM is about as "voluntary" as paying the mob for protection money....."
	MBS Live Chat - 12:37PM "That's funny Justin.....This morning on Fox there was a guy that was talking about the new rules that came into effect. He said that the new rules won't allow SISA or NINA loans anymore......new rule???..."
	MBS Live Chat - 1:16PM "We’re dragging along the bottom of a few technical levels for TSY and MBS so my advice to my clients currently is to lock..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.47%

-0.03

15 Yr FRM

3.49%

-0.01

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.35%

-0.03

5/1 Yr ARM

3.24%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.61%

1.06

-0.10

30 Yr. Fixed

4.48%

1.36

-0.10

MBA **

30 Yr. Fixed

4.66%

0.33

-0.06

15 Yr. Fixed

3.72%

0.37

-0.05

30 Yr. Jumbo

4.58%

0.24

-0.08

30 Yr. FHA

4.29%

0.17

-0.07

5/1 ARM

3.28%

0.47

-0.05

Freddie Mac **

30 Yr. Fixed

4.41%

0.70

-0.10

15 Yr. Fixed

3.45%

0.70

-0.11

1 Yr. ARM

2.56%

0.50

+0.00

5/1 Yr. ARM

3.10%

0.50

-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

96-09

+0-09

30YR FNMA 3.5

100-20

+0-06

30YR GNMA 3.0

97-26

+0-08

30YR GNMA 3.5

102-02

+0-05

15YR FNMA 3.0

102-21

+0-05

15YR FNMA 2.5

99-21

+0-05

Treasuries

Yield

Change

2 YR

0.3753%

-0.0113

5 YR

1.6254%

-0.0147

10 YR

2.8176%

-0.0238

30 YR

3.7506%

-0.0220

Prices as of: 1/17/2014 4:30PM 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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