Daily Newsletter: Friday December 7, 2012

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30 Year Fixed

                                                                3.38%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.63%
                                                                  
                                                                +0.0427

FNMA 30YR 3.5

                                                                106-22
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                105-14
                                                                  
                                                                -0-01

View Today's Rates

Friday December 7, 2012

MND NewsWire - 12:26PM

Think Tank Recommends Reducing Mortgage Interest Deduction

The Brookings Institution has published two articles on tax reform, one of which should be of particular interest to MND readers. The two briefs are part of the progressive think tank ...

MND NewsWire - 3:14PM

More Ideas for Rebuilding the Secondary Mortgage Market

The Center for American Progress has released a letter it, along with three other groups sent to the Federal Housing Finance Agency (FHFA) regarding its plan to create a new securitization ...

Mortgage Rate Watch - 3:07PM

Mortgage Rates Rise Following Employment Situation Report

Mortgage rates moved higher at their fastest pace in over two weeks following Friday's Employment Situation Report. In a historical context, the losses were moderate as the range of ...

Pipeline Press - 10:17AM

Will 2013 Mortgage Profits be Like 2012?; State's Rights Prominent in Lending

We've made it to December 7, Pearl Harbor Day, and for something totally unrelated to mortgages to end the work week send this clever short video to any aspiring art majors. (It even ...

Latest Video

Boehner: No 'Fiscal Cliff' Progress

Dodd-Frank & Your Mortgage

Fiscal Cliff's Impact on the Mortgage Industry

More News from 'Around the Web'

CNBC - 1:59PM
New Nightmare for Home Builders: Not Enough Skilled Workers
CNBC - 1:58PM
Whirlpool CEO: Housing Rebound, Pent-Up Demand to Lift Sales
WSJ - 10:59AM
Consumer Sentiment Tumbles
Google News - 10:59AM
NAR Membership Flows With Housing Market
Bloomberg - 10:30AM
ResCap Requests Mediator for Creditor Talks on Ally Settlement
NAR - 10:19AM
NAR: Residential Sales to Investors: 20 Percent of Residential Market
www.americanprogress.org - 12:18AM
Building a New Infrastructure for the Secondary Mortgage Market
webfeeds.brookings.edu - 12:11AM
Cut the Mortgage Tax Break, Invest in R&D
NAFCU - 12:09AM
Donovan says FHA taking steps to avoid bailout
Reuters - 11:49PM
Toll Brothers officials to pay $16.2 million settlement
Bloomberg - 11:43PM
Fannie and Freddie Are Not Piggy Banks
www.nytimes.com - 11:42PM
Developers of New Housing Aim for Renters, Not Buyers

Today's Comments

	MBS Live Chat - 8:39AM "it's not catastrophic, to be sure. I think the trimming of the consensus was overdone due to Sandy. On the spectrum of "guessing vs knowing," survey respondents were closer to guessing when it came to Sandy impact (a fact that's now obvious). Plus, the establishment survey wasn't moved up on the calendar..."
	MBS Live Chat - 9:43AM "RTRS - US HOUSE SPEAKER BOEHNER WILL HOLD 11 AM ET NEWS CONFERENCE ON 'FISCAL CLIFF' TALKS-AIDE..."
	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"...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.38%

+0.03

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.58%

+0.04

5/1 Yr ARM

3.03%

+0.02

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

3.34%

0.70

+0.02

15 Yr. Fixed

2.67%

0.60

+0.03

1 Yr. ARM

2.55%

0.40

-0.01

5/1 Yr. ARM

2.69%

0.60

-0.03

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

105-00

-0-07

30YR FNMA 3.5

106-22

-0-03

30YR GNMA 3.0

106-14

-0-07

30YR GNMA 3.5

108-20

-0-03

15YR FNMA 3.0

105-14

-0-01

15YR FNMA 2.5

104-15

-0-03

Treasuries

Yield

Change

2 YR

0.2421%

+0.0000

5 YR

0.6218%

+0.0191

10 YR

1.6284%

+0.0427

30 YR

2.8159%

+0.0436

Prices as of: 12/7/2012 4:06PM 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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