Daily Newsletter: Thursday October 31, 2013

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30 Year Fixed

                                                                4.14%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.28%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.55%
                                                                  
                                                                +0.0164

FNMA 30YR 3.5

                                                                102-18
                                                                  
                                                                +0-00

FNMA 15YR 2.5

                                                                103-27
                                                                  
                                                                +0-02

View Today's Rates

Thursday October 31, 2013

MND NewsWire - 4:59PM

California is Sellers' Market as Over-List Price Sales Soar

Nearly half of the homes sold so far this year in California went for more than their asking price . Such sales usually result from so-called "bidding wars" when multiple sellers submit ...

Mortgage Rate Watch - 5:23PM

Mortgage Rates Finally Make a Move

After 5 straight days of almost no change on average, mortgage rates finally made a move today. Unfortunately, it wasn't in the direction that most would hope. On a positive note, the ...

MND NewsWire - 11:58AM

Foreclosure Improvements Held Back by Judicial States

Completed foreclosures in September totaled 51,000 nationwide, down 39 percent from a year earlier when banks repossessed 84,000 homes. CoreLogic said, in its September National Foreclosure ...

MND NewsWire - 11:20AM

Aging Housing Inventory Presents Bargain-Hunting Opportunities

America's housing inventory is aging and that perhaps could present an opportunity for bargain-hunting homeowners. RealtyTrac's Aging Homes Analysis shows that more than 70 percent ...

Latest Video

Santelli: The wow factor of the Chicago PMI

Turnaround towns

Detroit: #1 housing turnaround city

More News from 'Around the Web'

CNBC - 6:10PM
Risk assets top Treasury bonds: Pro
Fannie Mae - 6:09PM
News Release - Fannie Mae Releases September 2013 ...
Bloomberg - 6:09PM
Freddie Mac Plans $630 Million Sale of Risk-Sharing Securities - Bloomberg
Bloomberg - 6:09PM
Wells Fargo Said to Settle FHFA Claims for Less Than $1 Billion - Bloomberg
CNBC - 4:32PM
The market is getting the Fed all wrong: Nomura
www.corker.senate.gov - 4:22PM
Corker: A Technocrat Not a Politician Should Lead FHFA
Market Watch - 2:37PM
Fannie accuses banks of manipulating Libor
business.time.com - 1:53PM
Foroohar: Housing Will Not Save the Economy
CNBC - 1:51PM
Did the Fed just say December?
Bloomberg - 1:50PM
US Senate Republicans Block Nomination of Mel Watt to Head FHFA - Bloomberg
CNN - 12:28PM
Bill Gross to 1%: We must pay more in taxes
CNBC - 11:16AM
Congress failing at 'too big to fail' regulations
Google News - 10:53AM
Realtors® to Regulators: Aligning QRM with QM Assures Safe, Sound Mortgage Lending
CNBC - 10:43AM
Housing's top 'turnaround' markets may surprise you
freddiemac.mwnewsroom.com - 10:04AM
Freddie Mac: Fixed Mortgage Rates Decline for Second Consecutive Week
Reuters - 9:27AM
Bill Gross on Bipolarization of Wealth (Carefully)
Reuters - 9:22AM
U.S. jobless claims fall in better news for labor market
CNBC - 8:42AM
Trick or treat: $1 million home fight
CNBC - 8:30AM
US bonds move higher on 'safe-haven' bid
PR Newswire - 8:27AM
CoreLogic Reports 51,000 Completed Foreclosures in September

Today's Comments

	MBS Commentary - 9:41AM "Looks like MND has an inside source at NSA. Who knew they monitor Fed deliberations as well as foreign leaders?..."
	MBS Live Chat - 11:42AM "not sure, just a thought. How did we come to say they are prequalified? Who knows what they could ask...."
	MBS Live Chat - 11:44AM "Seems that is a lot of responsibility on the LO to handle ATR requirements especially debt and income..."
	MBS Live Chat - 11:50AM "my bank does pre-purchase committments..then when the buyer finds a home, you just need title and an appraisal...."
	MBS Live Chat - 11:51AM "if a pre approval is done properly then it should be like that MD...I agree with Drews..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.14%

+0.03

15 Yr FRM

3.28%

+0.03

FHA 30 Year Fixed

3.83%

+0.03

Jumbo 30 Year Fixed

4.14%

+0.02

5/1 Yr ARM

3.12%

+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

4.33%

0.26

-0.06

15 Yr. Fixed

3.42%

0.30

-0.09

30 Yr. Jumbo

4.36%

0.27

-0.07

30 Yr. FHA

4.06%

0.17

-0.09

5/1 ARM

3.17%

0.38

-0.08

Freddie Mac **

30 Yr. Fixed

4.10%

0.70

-0.03

15 Yr. Fixed

3.20%

0.70

-0.04

1 Yr. ARM

2.64%

0.40

+0.04

5/1 Yr. ARM

2.96%

0.40

-0.04

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

98-19

-0-03

30YR FNMA 3.5

102-18

+0-00

30YR GNMA 3.0

99-19

-0-02

30YR GNMA 3.5

103-21

+0-02

15YR FNMA 3.0

103-27

+0-02

15YR FNMA 2.5

100-32

-0-00

Treasuries

Yield

Change

2 YR

0.3089%

-0.0038

5 YR

1.3246%

+0.0114

10 YR

2.5506%

+0.0164

30 YR

3.6369%

-0.0043

Prices as of: 10/31/2013 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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