Daily Newsletter: Friday December 14, 2012

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30 Year Fixed

                                                                3.39%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.75%
                                                                  
                                                                -0.01

10YR Treasury

                                                                1.71%
                                                                  
                                                                -0.0224

FNMA 30YR 3.5

                                                                106-14
                                                                  
                                                                +0-00

FNMA 15YR 2.5

                                                                105-13
                                                                  
                                                                0-00

View Today's Rates

Friday December 14, 2012

MND NewsWire - 1:14PM

Bank of America CEO: Private Investment Returning To Mortgage Market Is A Certainty

Brian Moynihan, Bank of America's chief executive officer, said that everyone involved in the housing market needs to reset their expectation that everyone can own a home. In remarks ...

Pipeline Press - 10:39AM

Federal Home Loan Banks in Correspondent Lending; MBA Confirms Average Lenders are Making Big Bucks

Yesterday I journeyed to San Jose to visit with the Silicon Valley Chapter of CAMP. Casey Fleming, the president, reminded the capacity crowd how important it was to support your local ...

MND NewsWire - 9:31AM

Everything You Wanted to Know About Credit Bureaus, Reports, Files and Scores

Much of an individual's ability to secure credit depends on what the three national credit bureaus, Equifax Information Services, Experian Information Solutions, and TransUnion have ...

MND NewsWire - 2:08PM

Mortgage Bank Profits Rise Over $300 Per Loan

Profits of independent mortgage banks and mortgage subsidiaries of chartered banks rose by more than $300 per loan in the third quarter of 2012 the Mortgage Bankers Association ( MBA ...

Latest Video

BofA CEO on Future of Home Ownership

Fed's Lacker, Fisher Voice Opposition to Fed's Monetary Policy

Wessel and Hilsenrath on Bernanke's Challenge

More News from 'Around the Web'

Reuters - 3:37PM
Bank of America CEO Moynihan: Don't be quick to ditch Fannie and Freddie
webfeeds.brookings.edu - 10:53AM
The Future of Homeownership in the United States Featuring Bank of America CEO Brian Moynihan
The Big Picture - 10:41AM
The Newest Foreclosure Scandal: Robo-Witness
DataQuick - 9:48AM
DataQuick: November California Home Sales Report
Reuters - 9:35AM
Bank of America sues MBIA, claiming tender offer interference
Reuters - 8:08AM
UBS faces $1 billion fine for Libor rigging: source
Bloomberg - 8:07AM
Fed's Lacker Says Thresholds Not Useful as Policy Signal
CNBC - 11:10PM
Boehner Heading to White House to Meet With Obama

Today's Comments

	MBS Live Chat - 1:36PM "Question - Fannie HARP refi w/a subordination. Client just informed me that she is approved for a modification on the 2nd mortgage. Any issues with that?..."
	MBS Live Chat - 1:41PM "I would say if they are reducing the line due to excess limit ok. If lowering to make payments less w/ a lower loan balance to make more affordable I would say they would probably look at that as some type of credit issue...."
	MBS Live Chat - 1:44PM "changing rate and payment...HELOC has already been lowered and frozen......"

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.39%

-0.02

15 Yr FRM

2.75%

-0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.59%

-0.03

5/1 Yr ARM

2.98%

+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

3.47%

0.36

-0.05

15 Yr. Fixed

2.85%

0.26

-0.01

30 Yr. Jumbo

3.77%

0.35

-0.02

30 Yr. FHA

3.32%

0.51

-0.02

5/1 ARM

2.63%

0.34

+0.01

Freddie Mac **

30 Yr. Fixed

3.32%

0.70

-0.02

15 Yr. Fixed

2.66%

0.60

-0.01

1 Yr. ARM

2.53%

0.50

-0.02

5/1 Yr. ARM

2.70%

0.60

+0.01

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

104-21

+0-01

30YR FNMA 3.5

106-14

+0-00

30YR GNMA 3.0

106-03

+0-00

30YR GNMA 3.5

108-15

+0-01

15YR FNMA 3.0

105-13

0-00

15YR FNMA 2.5

104-13

+0-01

Treasuries

Yield

Change

2 YR

0.2380%

-0.0120

5 YR

0.6877%

-0.0047

10 YR

1.7058%

-0.0224

30 YR

2.8679%

-0.0335

Prices as of: 12/14/2012 3:46PM 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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