Daily Newsletter: Monday November 10, 2014

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30 Year Fixed

                                                                4.04%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.22%
                                                                  
                                                                +0.01

10YR Treasury

                                                                2.36%
                                                                  
                                                                +0.0574

FNMA 30YR 3.5

                                                                103-11
                                                                  
                                                                -0-08

FNMA 15YR 2.5

                                                                103-26
                                                                  
                                                                -0-04

View Today's Rates

Monday November 10, 2014

MND NewsWire - 2:11PM

Latest Fannie Mae Housing Survey Says: Good Time to Sell

Consumer attitudes toward housing and the economy in general continued the slow improvement that has become the norm according to results from the October National Housing Survey. Fannie ...

MND NewsWire - 1:43PM

Credit Not Driving Demand; Mortgage Market Needs a Boost -Wells Fargo

Senior loan officers who responded to the Federal Reserve's quarterly survey of bank lending practices in October reported that changes to bank lending standards for residential mortgage ...

Mortgage Rate Watch - 4:34PM

Mortgage Rates Give Back Some of Friday's Improvement

Mortgage rates were slightly higher today, erasing some of the gains seen on Friday, but remaining well within the recent range. The most prevalently-quoted conforming 30yr fixed rate ...

Pipeline Press - 11:13AM

PrimeLending's False Claims Woes; Nationstar Probed; What the Cascade of Earnings Tell us

The fun just doesn't end. Not only is a CFPB penalty against a lender rumored to be announced soon, but now we have the Rolling Stone doing a story titled, "The $9 Billion Witness: ...

Latest Video

Pisani: Modest gains enough for record highs

Santelli Exchange: To fail, or not to fail

Santelli: Impressive dollar move

More News from 'Around the Web'

www.aei.org - 3:57PM
4 charts that expose the invisible side of homelessness
CNBC - 3:55PM
Subprime credit card lending swells
NAHB - 2:59PM
Builder Confidence in the 55+ Housing Market Shows Strong Growth in Third Quarter
WSJ - 2:04PM
Today's Financial Market Risk-Taking Looks a Lot Like 2006
www.frbsf.org - 1:26PM
Does Slower Growth Imply Lower Interest Rates?
Bloomberg - 1:24PM
Fed Economists Say Long-Term Rates May Exceed Forecasts - Bloomberg
Bloomberg - 11:00AM
Fed's Labor Market Conditions Index Strengthens in October - Bloomberg
Calculated Risk Blog - 10:54AM
FNC: Residential Property Values increased 6.3% year-over-year in September
Market Watch - 8:43AM
More refinancing borrowers cash out home equity
Reuters - 8:42AM
Toll Brothers sells more homes at higher prices

Today's Comments

	MND NewsWire - 5:27PM "Frank- I agree with you that the 100% ltv borrower is underwater the minute he closes, but I don't think that, in and of itself, makes a loan more risky. The "equity" escape hatch you mention proved to be a fiction when the bust hit. Folks with 20% down payments (and sometimes more) were wiped out, and..."
	MND NewsWire - 2:25AM "William--you keep going back to the "Capacity" constant so quickly--but you have to ask yourself--what went so catastrophically wrong with the pricing of homes that a 20% escape hatch would not be enough? Why didn't we reduce LTVs when appreciation rates were exceeding historical norms by double digits..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.04%

+0.02

15 Yr FRM

3.22%

+0.01

FHA 30 Year Fixed

3.55%

+0.05

Jumbo 30 Year Fixed

3.93%

+0.02

5/1 Yr ARM

3.23%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.47%

1.11

+0.02

30 Yr. Fixed

4.33%

1.33

-0.01

MBA **

30 Yr. Fixed

4.20%

0.17

-0.10

15 Yr. Fixed

3.41%

0.28

-0.07

30 Yr. Jumbo

4.14%

0.10

-0.07

30 Yr. FHA

3.90%

0.08

-0.10

5/1 ARM

3.05%

0.38

-0.15

Freddie Mac **

30 Yr. Fixed

4.02%

0.50

+0.04

15 Yr. Fixed

3.21%

0.50

+0.08

1 Yr. ARM

2.45%

0.40

+0.02

5/1 Yr. ARM

2.97%

0.50

+0.03

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

99-29

-0-09

30YR FNMA 3.5

103-11

-0-08

30YR GNMA 3.0

101-25

-0-07

30YR GNMA 3.5

104-07

-0-08

15YR FNMA 3.0

103-26

-0-04

15YR FNMA 2.5

101-14

-0-04

Treasuries

Yield

Change

2 YR

0.5389%

+0.0364

5 YR

1.6414%

+0.0529

10 YR

2.3604%

+0.0574

30 YR

3.0934%

+0.0591

Prices as of: 11/10/2014 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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