Daily Newsletter: Wednesday November 14, 2012

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30 Year Fixed

                                                                3.43%
                                                                  
                                                                +0.05

15 Year Fixed

                                                                2.78%
                                                                  
                                                                +0.03

10YR Treasury

                                                                1.59%
                                                                  
                                                                -0.0017

FNMA 30YR 3.5

                                                                106-09
                                                                  
                                                                -0-02

FNMA 15YR 2.5

                                                                105-06
                                                                  
                                                                -0-02

View Today's Rates

Wednesday November 14, 2012

MND NewsWire - 5:06PM

What Does a Healthy National Housing Market Look Like?

Freddie Mac's economists today used the analogy of a patient with a high fever to talk about the recent course of the housing market. In the November 2012 Economic & Housing Market ...

Mortgage Rate Watch - 2:30PM

Mortgage Rates Noticably Higher Despite Stable Treasury Yields

Mortgage rates moved higher at a quicker pace today despite the fact that US Treasury yields were unchanged to slightly improved. In some cases, Best-Execution moves up from 3.25% to ...

MND NewsWire - 3:26PM

Fed Study Confirms Rapid Home Price Appreciation Influenced Mortgage Choices

The housing boom and its accompanying price appreciation significantly distorted buyer choices about mortgage financing according to an Economic Letter authored by two economists with ...

Pipeline Press - 11:19AM

Raj Date and DeMarco Chatter; Slice and Dice the Latest Redwood Jumbo Deal

I am not a huge shopper, but merchants and the press have latched on to next Friday, dubbed Black Friday , at the expense of remembering what Thanksgiving is all about. That being said ...

Latest Video

The Cliff and Your Mortgage

Missing: Banks & Small Biz CEOs

Santelli: Entitlement Is Big Gorilla in Room

More News from 'Around the Web'

Federal Reserve - 4:38PM
Fed: Agencies issue additional statement on supervisory practices regarding financial institutions and borrowers affected by Hurricane Sandy
blog.hud.gov - 4:37PM
HUD: Providers of Housing for Older Persons Open Doors to Non â"Elderly Sandy Evacuees
CNBC - 2:38PM
Fed Could Step Up Bond Buying in 2013: FOMC Minutes
Federal Reserve - 2:35PM
FOMC Minutes from October 23-24, 2012
CNBC - 2:33PM
Bank of America Slashes $4.75 Billion Off Mortgages
www.treasury.gov - 2:32PM
The Path to Improving Mortgage Industry Communication with Struggling Homeowners
CNBC - 1:03PM
How 'Fiscal Cliff' Could Affect Mortgage Interest Deduction
Washington Post - 12:31PM
Study: After foreclosure, families take a decade or more to buy another house
Bloomberg - 12:31PM
Bank of America Sued Over $261 Million in Mortgage Bonds
Business Week - 11:24AM
Community Banks' Basel III Burden to Be Hearing's Focus
CNBC - 11:23AM
Could Housing Be the Antidote to the 'Fiscal Cliff'?
CNBC - 10:11AM
Shareholders to Citi: Break This Company Up
Business Week - 9:56AM
MBIA Outflanked by BofA in Toxic Bond Battle

Today's Comments

	MBS Live Chat - 3:16PM "I know, I know. Just got out of the woods of Maine. No TV, phone or internet for 2 days and the world still moved on apparently. The only thing that I got was MND text's!..."
	MND NewsWire - 11:27AM "Is that the best loan for the borrower? TV$ says the 15yr loan will build equlty faster, but at a cost. If I can give the lender "cheaper dollars" (inflation eaten) why not? I'm in no rush to give up current dollars for an asset that is appreciating at a rate less than the cost of money I give up to..."
	Community Commentary - 7:54PM "This is great, although I was just blamed the other day for blaming people who blame others. I think this is the key. I was talking with a US Bank exec and told him I am constantly looking to blame myself, to find what I've done wrong - The logic is simple, I can then fix it. We empower others when we..."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.43%

+0.05

15 Yr FRM

2.78%

+0.03

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.84%

+0.06

5/1 Yr ARM

2.99%

+0.00

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

104-24

-0-03

30YR FNMA 3.5

106-09

-0-02

30YR GNMA 3.0

106-07

-0-03

30YR GNMA 3.5

108-10

-0-03

15YR FNMA 3.0

105-06

-0-02

15YR FNMA 2.5

104-10

-0-04

Treasuries

Yield

Change

2 YR

0.2500%

-0.0040

5 YR

0.6266%

+0.0015

10 YR

1.5928%

-0.0017

30 YR

2.7293%

+0.0038

Prices as of: 11/14/2012 4:30PM 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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