Daily Newsletter: Friday September 12, 2014

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30 Year Fixed

                                                                4.24%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.39%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.61%
                                                                  
                                                                +0.0582

FNMA 30YR 3.5

                                                                101-15
                                                                  
                                                                -0-09

FNMA 15YR 2.5

                                                                103-02
                                                                  
                                                                -0-03

View Today's Rates

Friday September 12, 2014

MND NewsWire - 1:33PM

Recapping Recent Proposed Mortgage Rule Changes

There are five key issues confronting the Federal Housing Finance Agency (FHFA) its director told a banking audience on Monday. The five, taken together, Director Mel Watt said, address ...

Mortgage Rate Watch - 3:18PM

Mortgage Rates Now Back to 4.25% on Average

Mortgage rates have now endured an insulting 10 straight days without improving. While a few of those have resulted in 'unchanged' levels, most have sent rates higher. Today, in particular ...

MBS Commentary - 12:01PM

MBS MID-DAY: Bond Markets Officially Move Out of Long Term Downtrend

Throughout the week, we've had our eyes on the long term downtrend in rates stretching back to the beginning of 2014. It provided some context for the relatively brutal uptrend that ...

MBS Commentary - 7:31AM

MBS Day Ahead: Bond Markets hit Most 'Oversold' Levels of the Year, Now What?

I hate the terms 'overbought' and 'oversold.' At best, they cause confusion, and at worst they serve as the basis for faulty decision-making among armchair market technicians. So let ...

Latest Video

Renovations go virtual

New way to sell real estate

Closing Bell Exchange: Bond fever breaking

More News from 'Around the Web'

www.cfpbmonitor.com - 3:58PM
Rohit Chopra from CFPB focuses on student loan modifications at ABA Consumer Financial Services Committee program in Chicago
blog.hud.gov - 3:58PM
Measuring Progress in the Housing Market
CNBC - 3:57PM
Fed taps Fischer to lead new committee
rss.nytimes.com - 2:57PM
Off the Charts: Young Households Are Losing Ground in Income, Despite Eduation
CNBC - 2:57PM
Wall Street Fed view changes
The Big Picture - 2:56PM
$100 Million Homes Are Outliers . . .
Bloomberg - 12:45PM
Draghi Says ABS Plan Will Proceed Without Government Guarantees - Bloomberg
WSJ - 10:20AM
Why You Might Pencil in a 3.5% Fed Funds Rate in 2017
Washington Post - 10:20AM
Fed economists: America's missing workers are not coming back
Reuters - 10:19AM
U.S. consumer sentiment at 14-month high in September
Market Watch - 10:19AM
Treasury expands sanctions on Russia over Ukraine conflict
CNBC - 10:18AM
Hands off! Voice-controlled hub for smart homes
CNBC - 10:18AM
US business inventories rise in July
Reuters - 9:20AM
U.S. retail sales increase broadly in August
CNBC - 9:19AM
US bonds decline as investors eye FOMC and Russia
blog.redfin.com - 9:19AM
The Pros and Cons of being a Real Estate Agent
www.cfpbmonitor.com - 9:19AM
Disparate impact cases against HUD: Illinois federal court issues decision; update on D.C. case
Reuters - 9:18AM
U.S. import prices post largest decline in nine months
WSJ - 12:44AM
Banks Sweeten Jumbo Terms
CNBC - 12:44AM
Yellen faces a big challenge: McCulley

Today's Comments

Mortgage Rate Watch - 12:57AM

"Definitely not a time for loan originators or floating borrowers to take rates for granted. Anyone who does could regret it if the recent trend continues!..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.24%

+0.03

15 Yr FRM

3.39%

+0.03

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.10%

+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

3.56%

1.13

-0.10

30 Yr. Fixed

4.37%

1.39

-0.16

MBA **

30 Yr. Fixed

4.27%

0.25

+0.02

15 Yr. Fixed

3.44%

0.28

-0.04

30 Yr. Jumbo

4.15%

0.23

-0.07

30 Yr. FHA

3.97%

0.08

-0.02

5/1 ARM

3.12%

0.45

-0.07

Freddie Mac **

30 Yr. Fixed

4.12%

0.50

+0.02

15 Yr. Fixed

3.26%

0.50

+0.02

1 Yr. ARM

2.45%

0.40

+0.05

5/1 Yr. ARM

2.99%

0.50

+0.02

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

97-20

-0-12

30YR FNMA 3.5

101-15

-0-09

30YR GNMA 3.0

100-01

-0-12

30YR GNMA 3.5

103-00

-0-08

15YR FNMA 3.0

103-02

-0-03

15YR FNMA 2.5

100-14

-0-05

Treasuries

Yield

Change

2 YR

0.5643%

+0.0003

5 YR

1.8169%

+0.0235

10 YR

2.6087%

+0.0582

30 YR

3.3424%

+0.0652

Prices as of: 9/12/2014 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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