Monday December 3, 2012
MND NewsWire - 2:53PM
Results from a recent on-line study indicate that not all consumers are wedded to traditional lenders when it comes to their mortgage needs. Eighty percent of those surveyed, in fact ...
MND NewsWire - 10:11AM
Thanks to John T. Mechem, Vice President of Communications at the Mortgage Bankers Association (MBA) we learned a little more about The STEMS Jobs Act which passed the House of Friday ...
MND NewsWire - 4:56PM
The Federal Reserve Bank of New York held a workshop today on The Spread between Primary and Secondary Mortgage Rates : Recent Trends and Prospects. William Dudley, the Bank's president ...
MND NewsWire - 5:23PM
The House of Representatives passed HR 1629 , the STEM Jobs Act of 2012 on Friday afternoon even as opposition to the funding of the measure was getting organized. The bill amends the ...
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"The fact is that in nearly any sales role, the ability to earn based on production is usually a cornerstone. Few companies want to pay a substantial base salary to folks who may or may not produce results. As many "non-sales" employees fail to understand there is a limited number of people who are comfortable..."
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"G Fees are the new end all, be all for funding federal spending. First they're used for the temporary social security tax cut, now for visas???? What's next, rebuilding Afghanistan? Great to have the Fed manufacturing low rates, but doesn't stimulate the economy much if the G fees continue to increase..."
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"Comrade Miller....8 years of loan comparison analysis? Really? Clearly limited in scope if that is the best you can come up with? A set fee mandate? Come on man...go back to whatever forum you would most appropriately be able to add to the debate...."
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"What I propose is that there be set standard fees for everyone getting a mortgage and not the exorbitant abusive percentage based fees currently being charged. I would also like to know why someone getting a $400,000 loan pays substanially more than someone getting a $200,000 loan when typically there..."
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Today's Rates
30 Yr FRM
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3.37%
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+0.01
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15 Yr FRM
|
2.75%
|
+0.00
|
FHA 30 Year Fixed
|
3.25%
|
+0.00
|
Jumbo 30 Year Fixed
|
3.57%
|
+0.01
|
5/1 Yr ARM
|
3.00%
|
+0.00
|
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Average Mortgage Rates
15 Yr. Fixed
|
2.91%
|
0.89
|
-0.12
|
30 Yr. Fixed
|
3.62%
|
1.22
|
-0.14
|
30 Yr. Fixed
|
3.53%
|
0.40
|
-0.01
|
15 Yr. Fixed
|
2.89%
|
0.35
|
+0.00
|
30 Yr. Jumbo
|
3.75%
|
0.31
|
-0.01
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30 Yr. FHA
|
3.36%
|
0.65
|
+0.00
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5/1 ARM
|
2.60%
|
0.37
|
-0.02
|
30 Yr. Fixed
|
3.32%
|
0.80
|
+0.01
|
15 Yr. Fixed
|
2.64%
|
0.60
|
+0.01
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1 Yr. ARM
|
2.56%
|
0.50
|
+0.00
|
5/1 Yr. ARM
|
2.72%
|
0.60
|
-0.02
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* FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
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Secondary Markets
30YR FNMA 3.0
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105-07
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0-00
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30YR FNMA 3.5
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106-25
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0-00
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30YR GNMA 3.0
|
106-22
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0-00
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30YR GNMA 3.5
|
108-26
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0-00
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15YR FNMA 3.0
|
105-16
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0-00
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15YR FNMA 2.5
|
104-19
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0-00
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2 YR
|
0.2539%
|
+0.0000
|
5 YR
|
0.6250%
|
+0.0000
|
10 YR
|
1.6233%
|
+0.0000
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30 YR
|
2.8003%
|
+0.0000
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Prices as of: 12/3/2012 4:31PM EST
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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
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