Daily Newsletter: Wednesday January 29, 2014

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed

                                                                4.40%
                                                                  
                                                                -0.09

15 Year Fixed

                                                                3.43%
                                                                  
                                                                -0.07

10YR Treasury

                                                                2.68%
                                                                  
                                                                -0.0693

FNMA 30YR 3.5

                                                                101-06
                                                                  
                                                                +0-09

FNMA 15YR 2.5

                                                                103-01
                                                                  
                                                                +0-07

View Today's Rates

Wednesday January 29, 2014

Mortgage Rate Watch - 4:36PM

Mortgage Rates Surge to New 2014 Lows Following Fed Announcement

Mortgage rates moved significantly lower today after drifting higher during the first two days of the week. As was the case on Friday, today's rates initially benefited from further ...

MND NewsWire - 12:06PM

Industry Leaders React Positively to Obama's Brief Mention of Housing

In Tuesday's State of the Union Speech which covered a lot of ground both domestic and foreign, President Obama made only two brief mentions of housing. The first was a passing reference ...

MBS Commentary - 2:02PM

Differences Between Past and Current FOMC Statements

For immediate release Information received since the Federal Open Market Committee met in October December indicates that growth in economic activity is expanding at a moderate pace ...

MND NewsWire - 3:11PM

TARP-Related Convictions Double in 2 Years

The Special Inspector General (SIG) for the Toxic Asset Relief Program (TARP) just released its January 2014 Quarterly Report to Congress on the status of TARP . SIGTARP is the lead ...

Latest Video

Cashin says 'hang onto your safety belts' after FOMC

Bill Gross: Obvious Fed 'wants out' of QE

Santelli's Midday Bond Report

More News from 'Around the Web'

Reuters - 5:14PM
Analysis: Obama's fresh call for housing reform unlikely to spur much action
www.gallup.com - 5:00PM
Fed Chairman Bernanke Leaves With Mixed Verdict
WSJ - 3:51PM
In Parting Gift to Bernanke, First Unanimous Fed Decision Since June 2011
Bloomberg - 3:38PM
Subprime Mispriced After Legal Ruling Boosts Banks, Narula Says - Bloomberg
CNBC - 3:13PM
#ByeBernanke: Internet says goodbye to Fed chair
CNBC - 2:15PM
Fed eases up on QE by another $10 billion
CFPB - 12:52PM
CFPB Takes Action Against PHH Corporation for Mortgage Insurance Kickbacks
The Huffington Post - 12:14PM
Jed Kolko: 4 Reasons Why Housing Wasn't an Issue in the State of the Union
news.google.com - 12:13PM
Hilsenrath: Fed Will Continue Taper Today - Wall Street Journal
Market Watch - 12:00PM
Treasurys hold gains after first floater auction
blog.redfin.com - 10:14AM
Move Over Punxsutawney: My Prognostication for Boston Real Estate in 2014
www.aia.org - 10:11AM
Nonresidential Building Activity Projected to Accelerate in 2014
CNBC - 10:10AM
Markets are waging war against central bankers
WSJ - 9:16AM
Fed Likely to Consider Continuing, Expanding Reverse Repo Policy Tool
Reuters - 9:14AM
Jefferies pays $25 million to settle MBS trading probes
Reuters - 8:54AM
Fannie Mae to sell $500 million in bills on Wednesday
business.time.com - 8:43AM
Finally, Some Exceptionally Good News About Foreclosures
CNBC - 7:40AM
Mortgage apps near flat in latest week
Bloomberg - 7:40AM
Subprime Called Safer Makes Comeback as 'Nonprime': Mortgages - Bloomberg
www.aei.org - 7:39AM
Housing Risk Watch, January 2014

Today's Comments

	MBS Live Chat - 12:17PM "There is no reason to move away from their initial plan of $10B a month, as of yet...."
	MBS Live Chat - 12:22PM "personally don't think there's enough "bad" to slow down the aircraft carrier's turn..."
	MBS Live Chat - 2:00PM "RTRS- FED SAYS TO REDUCE BOND BUYING TO $65 BILLION PER MONTH, SPLIT AS $30 BLN MBS AND $35 BLN TREASURIES..."
	MBS Live Chat - 2:00PM "RTRS- FED REPEATS WILL HOLD RATES NEAR ZERO AS LONG AS JOBLESS RATE ABOVE 6.5 PCT, PROJECTED INFLATION NOT MORE THAN 2.5 PCT..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.40%

-0.09

15 Yr FRM

3.43%

-0.07

FHA 30 Year Fixed

4.00%

-0.24

Jumbo 30 Year Fixed

4.31%

-0.07

5/1 Yr ARM

3.25%

+0.04

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

4.52%

0.40

-0.05

15 Yr. Fixed

3.59%

0.26

-0.09

30 Yr. Jumbo

4.47%

0.27

-0.10

30 Yr. FHA

4.18%

0.33

-0.06

5/1 ARM

3.25%

0.33

+0.02

Freddie Mac **

30 Yr. Fixed

4.39%

0.70

-0.02

15 Yr. Fixed

3.44%

0.70

-0.01

1 Yr. ARM

2.54%

0.50

-0.02

5/1 Yr. ARM

3.15%

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

96-27

+0-10

30YR FNMA 3.5

101-06

+0-09

30YR GNMA 3.0

98-19

+0-12

30YR GNMA 3.5

102-18

+0-10

15YR FNMA 3.0

103-01

+0-07

15YR FNMA 2.5

100-04

+0-09

Treasuries

Yield

Change

2 YR

0.3554%

+0.0114

5 YR

1.5016%

-0.0546

10 YR

2.6804%

-0.0693

30 YR

3.6214%

-0.0521

Prices as of: 1/29/2014 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.

View this Report in your Web Browser | Forward to a Friend | Subscribe