Daily Newsletter: MBA Urges DeMarco Replacement Confirmation; Housing Finance Reform; FOMC Statement

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

30 Year Fixed 4.11%   +0.00 15 Year Fixed 3.25%   -0.01 10YR Treasury 2.53%   +0.0290 FNMA 30YR 3.5 102.55   -0.16 FNMA 15YR 2.5 103.78   -0.14 View Today's Rates

Wednesday October 30, 2013 MND NewsWire - 1:44PM MBA Urges Senate to Confirm DeMarco Replacement The Mortgage Bankers Association (MBA) issued a statement today urging the Senate to confirm a new director of the Federal Housing Finance Agency (FHFA). Senator Majority Leader Harry ... MND NewsWire - 12:19PM Senate Hears Testimony on Housing Finance Reform The Senate Banking Committee heard from six witnesses on Tuesday on the topic of " Housing Finance Reform: Essentials of a Functioning Housing Finance System for Consumers ." Testimony ... MBS Commentary - 2:02PM Differences Between Past and Current FOMC Statements Release Date: September 18, October 30, 2013 For immediate release Information received since the Federal Open Market Committee met in July September generally suggests that economic ... Mortgage Rate Watch - 3:28PM Mortgage Rates Start Lower, but End Higher After Fed Announcement Mortgage rates began the day lower, with several lenders releasing their best rate sheets in nearly 5 months. The day progressed well in the secondary mortgage market with MBS prices ... MBS RECAP: Early Sparkle on ADP; Late day Fade on FOMC Administration Officials Call for Up or Down Vote on Mel Watt Confirmation Build Your Own Fed Statement Mel Watt & Elizabeth Warren Making Some News; Lender & Investor News Refinancing Applications Back to Early Summer Levels CFPB Pursuing Individuals, Seeking Admissions of Guilt Refinances Seen Dropping More Than 50 percent in 2014 Latest Video The Fed's impact on interest rates Fed leaves bond buying program intact The Fed's 3 tests for tapering More News from 'Around the Web' Bloomberg - 3:02PM Treasuries Erase Gains as Fed Says Economic Activity Improves - Bloomberg www.cfpbmonitor.com - 1:21PM Director Cordray comments on mortgage rules at MBA convention Bloomberg - 11:13AM Deutsche Bank Said to Market $479 Million of Rental Home Bonds www.npr.org - 4:33PM In Sandy's Wake, FEMA Re-Examines Flood Insurance Rates freddiemac.mwnewsroom.com - 9:53AM Freddie Mac Securitizes $1 Billion of HAMP Performing Mortgage Loans Reuters - 8:37AM Insight: Yellen feared housing bust but did not raise public alarm CNBC - 8:35AM US mortgage apps rise as rates dip CNBC - 8:35AM JPMorgan deal hits stumbling blocks Today's Comments MBS Live Chat - 2:09PM "All of the differences between previous statement and today's are here: http://www.mortgagenewsdaily.com/mortgage_rates/blog/329814.aspx..." MBS Live Chat - 2:08PM "I'd say that's a good read. I think it's just less downbeat than many were expecting. Bond markets corrected to "unchanged to slightly stronger" levels. The jump looks bigger due to the narrow range. Nothing much going on here just yet. A sustained break over 2.53-ish would be more significant...." MBS Live Chat - 2:07PM "Reading the statement it almost seems the Fed isn't that concerned about a short term slow down and still believes the economy is on the improvement track. That's how I read it (now i need to read it again :) )..." MBS Live Chat - 1:59PM "by the time CFPB realizes the damage it will cause in housing market, it will be too late..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.11% +0.00 15 Yr FRM 3.25% -0.01 FHA 30 Year Fixed 3.80% +0.00 Jumbo 30 Year Fixed 4.12% +0.00 5/1 Yr ARM 3.11% +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 4.13% 0.80 -0.15 15 Yr. Fixed 3.24% 0.60 -0.09 1 Yr. ARM 2.60% 0.50 -0.03 5/1 Yr. ARM 3.00% 0.40 -0.07 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 98.67 -0.23 30YR FNMA 3.5 102.55 -0.16 30YR GNMA 3.0 99.64 -0.17 30YR GNMA 3.5 103.59 -0.16 15YR FNMA 3.0 103.78 -0.14 15YR FNMA 2.5 101.00 -0.16 Treasuries Yield Change 2 YR 0.3127% -0.0040 5 YR 1.3132% +0.0484 10 YR 2.5342% +0.0290 30 YR 3.6412% +0.0293 Prices as of: 10/30/2013 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.