Daily Newsletter: Thursday October 25, 2012

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30 Year Fixed

                                                                3.51%
                                                                  
                                                                +0.05

15 Year Fixed

                                                                2.87%
                                                                  
                                                                +0.05

10YR Treasury

                                                                1.83%
                                                                  
                                                                +0.0353

FNMA 30YR 3.5

                                                                106-02
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                105-09
                                                                  
                                                                -0-02

View Today's Rates

Welcome to our brand new Daily Newsletter. We'd love to hear your feedback.

Thursday October 25, 2012

MND NewsWire - 4:36PM

Why the Jumbo Loan Market is Finally Thawing

Current housing recovery chatter centers around two main themes: slightly improving stats on home sales, prices and foreclosures low rates vs. tight credit Let me bring you into the ...

Mortgage Rate Watch - 3:24PM

Mortgage Rates Jump Back To Recent Highs

Mortgage rates are sharply higher today, as global markets abandoned bond market holdings at the quickest pace of the week. When investors favor selling bonds vs buying, prices fall ...

MND NewsWire - 10:30AM

RealtyTrac: Most Metro Areas Past Worst of Foreclosure Crisis

Sixty-two percent of major metropolitan areas saw an improvement in foreclosure activity during the third quarter of 2012 with 141 of the nation's 212 MSAs posting lower foreclosures ...

MND NewsWire - 10:21AM

Pending Home Sales Flatten as Seasonal Market Ends

Pending home sales were flat in September, inching up 0.3 percent on the Pending Home Sales Index (PHSI) maintained by the National Association of Realtors® (NAR). The index rose ...

MND NewsWire - 11:38AM

Remodelers' Scale Tips 50; First Time since 2007

The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) for the third quarter hit 50 for the first time since the same period in 2005 as builders who specialize ...

Latest Video

Eliminate 'Sacred Cow' Mortgage Rate Deduction?

September Pending Home Sales Flat

Santelli: Timing is Nirvana But It Isn't Easy

More News from 'Around the Web'

Business Week - 2:02PM
The Surprises in the $1 Billion Bank Suit
CNBC - 2:00PM
Why Today's Housing Report Spooked Investors So Much
Market Watch - 12:15PM
Banks warned of risks from home-equity loans
Bloomberg - 11:34AM
SEC Approves Mortgage Trade Disclosure Rules for Finra's Trace
Freddie Mac - 10:18AM
Freddie Mac: Mortgage Rates Relatively Unchanged
www.aei.org - 9:13AM
FHA Watch, October 2012
Market Watch - 9:01AM
Watchdog urges Treasury to get Libor out of TARP
Freddie Mac - 8:57AM
Freddie Mac Issues Monthly Volume Summary for September 2012
Business Week - 11:50PM
Ocwen Wins $3 Billion Auction to Lead Mortgage Servicing
Reuters - 11:50PM
Stiglitz: Obama, Romney still need to address housing market

Today's Comments

	MBS Live Chat - 11:55AM "Contour now Encompass and we are just making switch to Encompass 360 Banker from Encompass Broker...not cheap from what I understand but some pretty cool paperless features that my clients are readily adapting to...."
	MND NewsWire - 10:34AM "This is disgusting that NO ONE is held accountable for this, just pay a "fine" no prison time for anyone? me ex worked for CW and was fired for mortgage fraud but she still works in the industry dont know how these big banks keep hiring her..."
	Pipeline Press - 10:02AM "Everyone keeps wondering why there have been no prosecutions of these Bankers that commited these frauds, there is a very simple reason. The nation cares more about Businesses not gettting taxed then they care for them selves, and if that is the main worry that you show to the Government then why would..."
	Pipeline Press - 8:09AM "The idea that increases in real estate prices is a good thing is misplaced. First, the non-judicial state foreclosure process made robo-signing a simple matter. It also opened the doors to other types of fraudulent behavior on behalf of the servicers and banks. This is not a good thing. Second, the rise..."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.51%

+0.05

15 Yr FRM

2.87%

+0.05

FHA 30 Year Fixed

3.26%

+0.01

Jumbo 30 Year Fixed

3.92%

+0.06

5/1 Yr ARM

2.99%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.97%

1.12

-0.14

30 Yr. Fixed

3.74%

1.20

-0.10

MBA **

30 Yr. Fixed

3.63%

0.45

+0.06

15 Yr. Fixed

2.96%

0.36

+0.09

30 Yr. Jumbo

3.85%

0.42

+0.04

30 Yr. FHA

3.41%

0.61

+0.07

5/1 ARM

2.72%

0.33

+0.13

Freddie Mac **

30 Yr. Fixed

3.41%

0.70

+0.04

15 Yr. Fixed

2.72%

0.60

+0.06

1 Yr. ARM

2.59%

0.40

-0.01

5/1 Yr. ARM

2.75%

0.60

+0.00

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

104-08

-0-07

30YR FNMA 3.5

106-02

-0-03

30YR GNMA 3.0

105-21

-0-07

30YR GNMA 3.5

108-10

-0-02

15YR FNMA 3.0

105-09

-0-02

15YR FNMA 2.5

104-08

-0-02

Treasuries

Yield

Change

2 YR

0.3127%

+0.0196

5 YR

0.8235%

+0.0610

10 YR

1.8259%

+0.0353

30 YR

2.9771%

+0.0245

Prices as of: 10/25/2012 4:32PM 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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