Daily Newsletter: Tuesday December 4, 2012

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30 Year Fixed

                                                                3.36%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.61%
                                                                  
                                                                -0.0154

FNMA 30YR 3.5

                                                                106-28
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                105-17
                                                                  
                                                                +0-01

View Today's Rates

Tuesday December 4, 2012

Pipeline Press - 11:38AM

The Importance of IT; Fed Notices Lousy Rate Sheet Pricing; "High Cost" Clarification

As many lenders think back on record-breaking Novembers, and I head to Pennsylvania for the rest of the week, here is a quick bit of trivia. James Pierpont was the author of "One Horse ...

Mortgage Rate Watch - 2:34PM

Mortgage Rates Moderately Improved, Back To Recent Lows

Mortgage rates continued yesterday afternoon's positive momentum , moving back to their best recent levels. In fact, rates were fairly close to those levels by the end of yesterday ...

MND NewsWire - 2:53PM

Attention Walmart Shoppers: Mortgages, Aisle 3

Results from a recent on-line study indicate that not all consumers are wedded to traditional lenders when it comes to their mortgage needs. Eighty percent of those surveyed, in fact ...

MND NewsWire - 2:05PM

HUD Tweaks Rules to Help House Hurricane Victims

Families in areas hard-hit by Hurricane Sandy will get a little extra help if they qualify for rental assistance . The Department of Housing and Urban Development (HUD) will now permit ...

Latest Video

Gross: We're Hopeful on Housing

President Obama on the Fiscal Cliff

BofA CEO Says Mortgage Business Is Doing Better

More News from 'Around the Web'

Reuters - 3:59PM
AIG names new CEO for mortgage insurer United Guaranty
Business Week - 1:57PM
SunTrust CEO Plans to Speed Branch Closings to Control Expenses
CNBC - 1:56PM
Here's the Most Dangerous Idea in Washington: Economist
Federal Reserve - 11:00AM
Tarullo: Glass-Stegall, Financial Crisis and Systemic Risk Regulation
WSJ - 10:31AM
FHA Ramps Up Loan Sales
WSJ - 10:30AM
President Obama Weighs In on Mortgage-Interest Deduction
www.gallup.com - 10:13AM
Gallup: Economic Confidence in November Best in Four Years
Bloomberg - 10:11AM
Toll Brothers Says Profit Jumped on Revenue, Tax Benefit
NAR - 10:08AM
NAR: Mortgage Availability: Excessively Tight Credit Conditions
www.iflr.com - 10:07AM
SIFMA CEO Calls for Stronger Financial Stability Oversight Council Leadership
content.govdelivery.com - 9:55AM
FDIC-Insured Institutions Earned $37.6 Billion in the Third Quarter of 2012

Today's Comments

	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..."
	MND NewsWire - 6:17PM "Having Wal-Mart provide mortgage financing sounds like a novel idea, however I would imagine that there would be only a certain amount of eligible borrower who would consider using them. I was an owner of a mortgage brokerage firm for many years and have been working for a Bank/Direct Lender for the..."
	MND NewsWire - 2:42PM "The fact is that in nearly any sales role, the ability to earn based on production is usually a cornerstone. Few companies want to pay a substantial base salary to folks who may or may not produce results. As many "non-sales" employees fail to understand there is a limited number of people who are comfortable..."
	MND NewsWire - 2:36PM "G Fees are the new end all, be all for funding federal spending. First they're used for the temporary social security tax cut, now for visas???? What's next, rebuilding Afghanistan? Great to have the Fed manufacturing low rates, but doesn't stimulate the economy much if the G fees continue to increase..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.36%

-0.01

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.56%

-0.01

5/1 Yr ARM

3.00%

+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

3.53%

0.40

-0.01

15 Yr. Fixed

2.89%

0.35

+0.00

30 Yr. Jumbo

3.75%

0.31

-0.01

30 Yr. FHA

3.36%

0.65

+0.00

5/1 ARM

2.60%

0.37

-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

+0-03

30YR FNMA 3.5

106-28

+0-03

30YR GNMA 3.0

106-25

+0-03

30YR GNMA 3.5

108-27

+0-01

15YR FNMA 3.0

105-17

+0-01

15YR FNMA 2.5

104-21

+0-02

Treasuries

Yield

Change

2 YR

0.2461%

-0.0078

5 YR

0.6234%

-0.0016

10 YR

1.6079%

-0.0154

30 YR

2.7785%

-0.0218

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