Daily Newsletter: Wednesday October 1, 2014

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30 Year Fixed

                                                                4.13%
                                                                  
                                                                -0.07

15 Year Fixed

                                                                3.30%
                                                                  
                                                                -0.05

10YR Treasury

                                                                2.39%
                                                                  
                                                                -0.1113

FNMA 30YR 3.5

                                                                102-28
                                                                  
                                                                +0-20

FNMA 15YR 2.5

                                                                103-14
                                                                  
                                                                +0-13

View Today's Rates

Wednesday October 1, 2014

Mortgage Rate Watch - 4:39PM

Mortgage Rates Begin October With Strong Move to 1-Month Lows

Mortgage rates moved definitively lower today , restoring almost all of the ground lost during September's weakness. This has been a gradual process of improvement that began roughly ...

MND NewsWire - 1:04PM

Little Change in Construction Spending as Summer Ends

Total construction spending in the U.S. in August was estimated by the Census Bureau today to be at the seasonally adjusted annual rate of $961.0 billion, down 0.8 percent from spending ...

MND NewsWire - 10:58AM

Judge Cites Unequivocal Language in Dismissing Fannie/Freddie Lawsuit

A lawsuit challenging the manner in which profits from Fannie Mae and Freddie Mac (the GSEs) have been allocated to the U.S. Treasury was dismissed on Tuesday by a U.S. District Court ...

MBS Commentary - 12:35PM

MBS MID-DAY: Strong Bond Market Rally Has Nothing to do with Data

It's asking quite a lot to believe that the single most consistent source of guidance and inspiration for trading levels--economic data--is pretty much irrelevant at the moment, but ...

Latest Video

Next lending crisis?

Hot & cold housing spots

Courts rule on Fannie & Freddie

More News from 'Around the Web'

CNBC - 5:37PM
What's undermining the bond market
Market Watch - 3:33PM
DoubleLine funds have year's largest inflow as Bill Gross exits Pimco
Reuters - 3:32PM
CitiMortgage, Wells lose bid to end lawsuit over credit reports
Market Watch - 1:57PM
Market Extra: Short sellers are getting squeezed in this Treasury market
Bloomberg - 12:58PM
Draghi's First Asset Purchases Seen Modest as ECB Meets - Bloomberg
Bloomberg - 12:09PM
Lone Star to Invest $1 Billion in Higher-Risk Home Loans - Bloomberg
Bloomberg - 12:07PM
Fairholme Says It Will Pursue Fannie Bailout Claim After Setback - Bloomberg
WSJ - 12:07PM
5 Details to Watch at the ECB's October Meeting
CNBC - 10:52AM
ISM manufacturing index hits 56.6 in September
Reuters - 10:44AM
U.S. construction spending posts surprise decline in August
Market Watch - 9:58AM
Bond Report: Treasurys surge alongside European bonds
The Big Picture - 8:52AM
Declining Homeownership among "Prime" First-Time Home Buying Candidates
CNBC - 8:32AM
Why US mortgage activity remains stuck in neutral
CNBC - 8:30AM
Private payrolls show growth; August revised lower

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.13%

-0.07

15 Yr FRM

3.30%

-0.05

FHA 30 Year Fixed

3.75%

+0.00

Jumbo 30 Year Fixed

4.00%

-0.06

5/1 Yr ARM

3.23%

-0.02

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

4.20%

0.50

-0.03

15 Yr. Fixed

3.36%

0.50

-0.01

1 Yr. ARM

2.43%

0.40

+0.00

5/1 Yr. ARM

3.08%

0.40

+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

99-12

+0-24

30YR FNMA 3.5

102-28

+0-20

30YR GNMA 3.0

101-12

+0-21

30YR GNMA 3.5

103-31

+0-20

15YR FNMA 3.0

103-14

+0-13

15YR FNMA 2.5

101-02

+0-15

Treasuries

Yield

Change

2 YR

0.5157%

-0.0671

5 YR

1.6698%

-0.0999

10 YR

2.3856%

-0.1113

30 YR

3.0935%

-0.1164

Prices as of: 10/1/2014 4:31PM 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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