Daily Newsletter: Tuesday December 11, 2012

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30 Year Fixed

                                                                3.38%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.65%
                                                                  
                                                                +0.0360

FNMA 30YR 3.5

                                                                106-19
                                                                  
                                                                -0-08

FNMA 15YR 2.5

                                                                105-14
                                                                  
                                                                -0-03

View Today's Rates

Tuesday December 11, 2012

MND NewsWire - 4:19PM

GSE Reform Could Have Dire Unintended Consequences for Renters

Rental housing is a growing crisis according to the Center for American Progress, but policymakers have made it "an afterthought in the debate over the future of mortgage giants Fannie ...

MND NewsWire - 2:54PM

House Democrats Push for Principal Reduction in Fiscal Cliff Negotiations

Nineteen members of the House of Representatives sent a letter today to President Obama and leaders of both parties in the House and Senate urging the expansion of assistance to homeowners ...

Pipeline Press - 4:33PM

IndyMac Back in the News; First Time Homebuyer Comments; Ocwen's Servicing Audit Not Stellar

IndyMac is back in the news. Last week a jury ordered three former IndyMac loan officers (in the homebuilder division) to pay $168 million to the FDIC for negligently approving 23 loans ...

Mortgage Rate Watch - 2:00PM

Mortgage Rates Unchanged To Slightly Higher Before Fed Announcement

Mortgage rates are little changed from Monday. Some lenders' rate sheets are slightly improved versus yesterday's, but a majority offered just slightly weaker rates. Today's political ...

Latest Video

RBC: More Housing Upside in 2013

How Will the Fed Replace Operation Twist?

Santelli Exchange: Faux Rich Again in the Ditch

More News from 'Around the Web'

CNBC - 2:56PM
'Catastrophic' Possibility for Housing Recovery: Analyst
CNBC - 2:09PM
Housing Affordability Begins to Slide
CNBC - 12:53PM
Boehner Says Obama Needs to Answer GOP on Spending Cuts
www.latimes.com - 12:32PM
Wells Fargo not modifying mortgages as required, lawsuit says
www.treasury.gov - 4:17PM
New PSAs Direct Struggling Homeowners to Free Mortgage Help
CFPB - 2:58PM
CFPB begins sharing consumer complaint data with state agencies
Market Watch - 7:48AM
TARP program now more than 90% repaid: U.S.
WSJ - 11:46PM
Obama Housing Official to Join Wells Fargo

Today's Comments

	MND NewsWire - 3:23PM "Let's see, we're at the cusp of a fiscal meltdown, with uncertainty on future tax hikes and government austerity measures, not to mention the debt ceiling debate (which hasn't even entered the discussion yet), and now we want to throw principal reductions into it as well? First and foremost, principal..."
	MBS Live Chat - 11:37AM "but we might hear it here: RTRS- U.S. HOUSE SPEAKER BOEHNER EXPECTED TO GIVE UPDATE ON FISCAL CLIFF TALKS AT APPROX. 12:00 NOON ET ON HOUSE FLOOR..."
	MBS Live Chat - 2:43PM "RTRS- TOP U.S. SENATE DEMOCRAT HARRY REID SAYS IT WILL BE HARD TO REACH A FISCAL CLIFF DEAL BY CHRISTMAS..."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.38%

+0.01

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.58%

+0.01

5/1 Yr ARM

3.01%

+0.00

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

104-30

-0-10

30YR FNMA 3.5

106-19

-0-08

30YR GNMA 3.0

106-11

-0-10

30YR GNMA 3.5

108-18

-0-06

15YR FNMA 3.0

105-14

-0-03

15YR FNMA 2.5

104-14

-0-05

Treasuries

Yield

Change

2 YR

0.2420%

+0.0039

5 YR

0.6362%

+0.0176

10 YR

1.6541%

+0.0360

30 YR

2.8403%

+0.0400

Prices as of: 12/11/2012 4:30PM 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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