Daily Newsletter: Tuesday November 13, 2012

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30 Year Fixed

                                                                3.38%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.59%
                                                                  
                                                                -0.0203

FNMA 30YR 3.5

                                                                106-11
                                                                  
                                                                -0-11

FNMA 15YR 2.5

                                                                105-08
                                                                  
                                                                -0-06

View Today's Rates

Tuesday November 13, 2012

MND NewsWire - 4:47PM

Freddie Mac Refi Data Shows Continued Migration To 15yr Term

Freddie Mac reported on Tuesday that nearly a third of the borrowers who refinanced their loans in the third quarter chose new loans with a shorter maturity. Twenty-nine percent of ...

Community Commentary - 6:47PM

To be Frank: Cowards Do That, And That Ain't You

"Now, if you know what you're worth, then go out and get what you're worth. But you gotta be willing to take the hits, and not pointing fingers saying you ain't where you wanna be because ...

Pipeline Press - 10:29AM

AIG Eyes Residential Lending; Big Banks have 2nd Chance at Passing Stress Tests

Well, you gotta hand it to those independent-minded folks over in Texas, who once again are asking to secede from the Union . Let's see what that does to its state-specific gfee and ...

Mortgage Rate Watch - 2:39PM

Mortgage Rates Slightly Higher Today, But Remain Near Recent Lows

Mortgage rates edged just slightly higher to begin the shortened week. Most lenders were closed yesterday in observance of the Veteran's Day holiday and did not generate new rate sheets ...

MND NewsWire - 9:59AM

Mortgage Delinquency Rates Fall in 42 States

TransUnion, a big three national consumer credit reporting agency, says that mortgage delinquencies of 60 days or more duration declined in the third quarter to 5.41 percent from 5 ...

Latest Video

El-Erian's Four Point Recovery Plan

Hovnanian Reveals the Hottest Housing Markets

Banks Left Out of Cliff Talks

More News from 'Around the Web'

Federal Reserve - 4:21PM
Yellen, Revolution and Evolution in Central Bank Communications
Freddie Mac - 4:20PM
Freddie Mac Receives CMBS Special Servicer Rating From Fitch
CNBC - 4:20PM
Cheap Money Could Stick Around Until 2016: Fed's Yellen
Freddie Mac - 2:38PM
Freddie Mac: 29 Percent of Borrowers That Refinance Shorten Mortgage Term During Third Quarter
CNBC - 12:54PM
The Latest Plan To Keep Elizabeth Warren Off Banking
Bloomberg - 11:52AM
Allianz Warns of Bond Market Bubble as It Grows Real Estate
SIFMA - 11:49AM
SIFMA Market Close Recommendations for the US Thanksgiving Day
Reuters - 10:31AM
BofA plans to further reduce mortgage servicing portfolio: CEO
CNBC - 10:00AM
Bears Beware, Fiscal Cliff 'Won't Happen': Senator Corker
OCC - 10:29AM
Borrowers Reminded of December 31, 2012 Deadline to Request Free, Impartial Foreclosure Review
CNN - 9:23AM
Home Depot: Housing market is healing
blog.hud.gov - 9:20AM
HUD Honors Veteran's Service by Serving Them
CNBC - 9:20AM
'Fiscal Cliff' A Drag on Banking Business: BofA's Moynihan

Today's Comments

	MND NewsWire - 5:29PM "Don't be so cynical Bryan, it's not that bad! And we shall overcome ;)..."
	MND NewsWire - 10:58AM "The elephant in the room is that all these regulations were designed to drive the independent broker/banker out of business so only the big banks (the ones that send billions of dollars to Washington for favors like these) will remain. What is claimed to protect the consumer only ends up hurting them..."
	Community Commentary - 9:33PM ""Responsibility is the price of freedom". If your personal philosophy revolves around service as it's core than than it's easier to have a good attitude about what has happened and what is to come, Sure, the learning curve and curveballs has been constant. I am making up some G rated metaphors for the..."
	Pipeline Press - 2:09PM "[In October DU 9.0 was rolled out. I don't have the attention span or mental capacity to be an underwriter, but as I understand it (and this question comes up once in a while) , borrowers have no more freeloading on the divorce and child support, as it is going in their DTI! "Court assigned debt" is..."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.38%

+0.01

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.78%

+0.00

5/1 Yr ARM

2.99%

+0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.03%

0.86

+0.06

30 Yr. Fixed

3.76%

1.10

+0.02

MBA **

30 Yr. Fixed

3.65%

0.39

+0.02

15 Yr. Fixed

2.95%

0.35

-0.01

30 Yr. Jumbo

3.94%

0.36

+0.09

30 Yr. FHA

3.41%

0.76

+0.00

5/1 ARM

2.66%

0.33

-0.06

Freddie Mac **

30 Yr. Fixed

3.40%

0.70

+0.01

15 Yr. Fixed

2.69%

0.70

-0.01

1 Yr. ARM

2.59%

0.40

+0.01

5/1 Yr. ARM

2.73%

0.60

-0.01

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

104-27

-0-14

30YR FNMA 3.5

106-11

-0-11

30YR GNMA 3.0

106-10

-0-16

30YR GNMA 3.5

108-13

-0-11

15YR FNMA 3.0

105-08

-0-06

15YR FNMA 2.5

104-14

-0-08

Treasuries

Yield

Change

2 YR

0.2540%

-0.0080

5 YR

0.6251%

-0.0176

10 YR

1.5945%

-0.0203

30 YR

2.7255%

-0.0237

Prices as of: 11/13/2012 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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