Daily Newsletter: Friday November 9, 2012

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30 Year Fixed

                                                                3.37%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.61%
                                                                  
                                                                -0.0034

FNMA 30YR 3.5

                                                                106-22
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                105-14
                                                                  
                                                                -0-01

View Today's Rates

Friday November 9, 2012

MND NewsWire - 9:36AM

'Perfect Storm' of Regulations to Hinder Restoration of Competitive Mortgage Marketplace

David H. Stevens, President and CEO of the Mortgage Bankers Association criticized the federal government and financial regulators as providing a lack of transparency and an overly ...

Mortgage Rate Watch - 2:45PM

Mortgage Rates Near Recent Lows Ahead Of Three Day Weekend

Mortgage rates were mixed today , with some lenders in slightly better shape and others slightly higher in cost. Any lenders who were in better territory were afforded the opportunity ...

MND NewsWire - 4:24PM

Housing Scorecard: HAMP Remains an Active Program as Crisis Recedes

The Departments of Treasury and Housing and Urban Development released their October edition of the Obama Administration's Housing Scorecard on Friday afternoon. The report highlighted ...

MND NewsWire - 1:02PM

MBA's Stevens Reacts to Basel III Announcement

David H. Stevens, President & CEO of the Mortgage Bankers Association ( MBA ) today issued the following statement in reaction to the announcement by federal financial regulators ...

Latest Video

Roger Altman For Next Treasury Secretary?

Trading Treasuries After Obama

Santelli: How Low Can Interest Rates Go?

More News from 'Around the Web'

WSJ - 4:06PM
Fed's Duke Proposes Separate Community Bank Mortgage Loan Rules
Bloomberg - 4:04PM
Prospect Mortgage Hires Brandt to Target Correspondent Lending
Google News - 4:02PM
Fannie, Freddie Laying Groundwork for Better Future Housing Finance System
CNBC - 3:59PM
Elizabeth Warren May Not Make the Banking Committee
Fannie Mae - 3:58PM
Fannie Mae CEO Timothy J. Mayopoulos Speech at NAR Conference
Fannie Mae - 3:57PM
Fannie Mae Delivers Help to Homeowners Affected by Hurricane Sandy
www.freddiemac.com - 2:30PM
New Requirements for Managing Default-Related Legal Services
Federal Reserve - 1:45PM
Federal Reserve Board launches 2013 capital planning and stress testing program
Bloomberg - 1:45PM
Fed's Duke Says New Rules May Impair Home Lending by Small Banks
www.csbs.org - 1:43PM
State Regulators Support Integrated RESPA and TILA Disclosures;Call for CFPB to Implement Cautiously
Business Week - 10:42AM
MGIC Declines as Mortgage Insurer's Loss Widens
Freddie Mac - 10:41AM
Freddie Mac Suspends All Evictions, Foreclosures In Hurricane Sandy Major Disaster Areas

Today's Comments

	MND NewsWire - 5:00PM "Hey Eugenia, Want to know the root of the "housing/mortgage" crisis. One name more than any other, Barney Frank. Scammed borrowers? I don't think so. Most of the loans involved willing customers as partners in perpetuating the fraud. We should be prosecuting borrowers as well as institutions..."
	MND NewsWire - 11:49AM "Heado1881 or Eugenia, Do you know what it is that you are talking about? Or are you just trying to make wild uneducated comments because you are a journalist? The banks got bailed out because of fear the entire economy was going to collapse. Nearly all the big banks paid it back to the taxpayer. What..."
	Pipeline Press - 7:39AM "The American Housing Survey is funded and directed by the U.S. Department of Housing and Urban Development. It is conducted by the Census Bureau under contract with HUD. Thus, it is inaccurate to refer to the AHS as "the Census Bureau's." It should be called a HUD survey, or a joint HUD/Census survey..."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.37%

-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

2.97%

-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

105-09

-0-07

30YR FNMA 3.5

106-22

-0-05

30YR GNMA 3.0

106-26

-0-08

30YR GNMA 3.5

108-24

-0-10

15YR FNMA 3.0

105-14

-0-01

15YR FNMA 2.5

104-22

-0-02

Treasuries

Yield

Change

2 YR

0.2620%

+0.0001

5 YR

0.6427%

+0.0030

10 YR

1.6148%

-0.0034

30 YR

2.7492%

-0.0015

Prices as of: 11/9/2012 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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