Daily Newsletter: Wednesday December 5, 2012

This website requires Javascrip to run properly.

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

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

30 Year Fixed

                                                                3.35%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.59%
                                                                  
                                                                -0.0102

FNMA 30YR 3.5

                                                                106-28
                                                                  
                                                                0-00

FNMA 15YR 2.5

                                                                105-17
                                                                  
                                                                -0-01

View Today's Rates

Wednesday December 5, 2012

Mortgage Rate Watch - 3:47PM

Mortgage Rates Approaching All-Time Lows

Mortgage rates were slightly lower again on Wednesday. Even though the day to day movements have been small, that gets us as close as we've been to the all-time lows seen in late September ...

MND NewsWire - 9:42AM

Refinancing Resumes in Post Holiday Week, Up 6%

Refinancing accounted for much of the increase in mortgage application activity during the week ended November 30 and the share of that refinancing done through the Home Affordable ...

Pipeline Press - 12:41PM

Chatter on Elizabeth Warren; CFPB Ombudsman Report; Investor Updates

Here's a recent inquiry: "Rob, what is up with government going after Gfee money ? Why does Congress have to vote to intrude into areas where it shouldn't be? How many times does it ...

MBS Commentary - 4:36PM

MBS RECAP: Nearly Unchanged After Morning Rally Ebbs

MBS Live : MBS Afternoon Market Summary Bond markets eked out a surprisingly moderate amount of positivity into 11am with the classic post-POMO reversal coinciding with Fiscal Cliff ...

Latest Video

Sen. Shelby: I Don't Believe Democrats Are Negotiating Seriously Yet

Geithner to CNBC: 'Little Bit of Progress' on 'Cliff'

'Worried About Housing': Pro

More News from 'Around the Web'

CNBC - 5:08PM
Geithner: Ready to Go Over 'Cliff' If Taxes Don't Rise
CNBC - 5:05PM
Greece Downgraded to 'Selective Default' by S&P
Reuters - 5:05PM
SEC charges Wells Fargo banker, nine others in insider-trading case
Business Week - 3:26PM
AIG Names DeMaio to Run Mortgage Insurer
Bloomberg - 3:25PM
Mortgage-Bond Issuance in US More Than Triples to $7.4 Billion
CNBC - 11:41AM
Mortgage Interest Deduction Is Popular, but Few Claim It
The Big Picture - 9:15AM
Dealers Are Not Shorting Treasuries
Bloomberg - 9:13AM
Citigroup to Take $1 Billion Charge, Cut 11000 Jobs - Bloomberg
WSJ - 12:57AM
New York Trips Up Ocwen's Deal Plans
Business Week - 12:53AM
PNC Financial suspending evictions for holidays

Today's Comments

	MBS Live Chat - 10:20AM "RTRS- U.S. HOUSE MINORITY LEADER CANTOR SAYS REPUBLICANS HAVE NOT HAD ANY DISCUSSIONS WITH OBAMA ON HOW TO CUT SPENDING..."
	MBS Live Chat - 10:20AM "RTRS - U.S. HOUSE SPEAKER BOEHNER SAYS WHITE HOUSE FISCAL CLIFF PROPOSALS CAN'T PASS EITHER CHAMBER OF CONGRESS..."
	MBS Live Chat - 10:07AM "Relative to Factory Orders, yes. Middle of the road in terms of the broad swath of econ data, and all of it is a bit less closely watched than it otherwise might be without Fed next week and Fiscal Cliff (and ECB tomorrow even? NFP Friday? Who knows...)..."
	MND NewsWire - 5:01PM "Clay Brown is absolutely correct. Additionally, costs are rising for lenders in that they (we) are having to add non-revenue producing staff for the simple purpose of keeping us in compliance and "educated"...."
	MND NewsWire - 7:34PM "The gap between primary and secondary pricing has widened due to Dodd Frank!! Thousands of MLO's individually pricing loans used to be able to keep this in check due to competition. Now that lender's pricing is done on a more macro-scale, lenders have to spread the premiums to ensure profitability. Duh..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.35%

-0.01

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.54%

-0.02

5/1 Yr ARM

3.01%

+0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.91%

0.89

-0.12

30 Yr. Fixed

3.62%

1.22

-0.14

MBA **

30 Yr. Fixed

3.52%

0.41

-0.01

15 Yr. Fixed

2.86%

0.27

-0.03

30 Yr. Jumbo

3.79%

0.32

+0.04

30 Yr. FHA

3.34%

0.62

-0.02

5/1 ARM

2.62%

0.40

+0.02

Freddie Mac **

30 Yr. Fixed

3.32%

0.80

+0.01

15 Yr. Fixed

2.64%

0.60

+0.01

1 Yr. ARM

2.56%

0.50

+0.00

5/1 Yr. ARM

2.72%

0.60

-0.02

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

105-10

-0-01

30YR FNMA 3.5

106-28

0-00

30YR GNMA 3.0

106-24

-0-01

30YR GNMA 3.5

108-26

-0-02

15YR FNMA 3.0

105-17

-0-01

15YR FNMA 2.5

104-20

-0-01

Treasuries

Yield

Change

2 YR

0.2421%

-0.0040

5 YR

0.6075%

-0.0127

10 YR

1.5943%

-0.0102

30 YR

2.7808%

+0.0031

Prices as of: 12/5/2012 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.

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