Daily Newsletter: Tuesday September 25, 2012

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30 Year Fixed

                                                                3.33%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                2.75%
                                                                  
                                                                0.00

10 Year Treasury

                                                                1.6749%
                                                                  
                                                                -0.0380

FNMA 30YR 3.5

                                                                107-15
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                106-08
                                                                  
                                                                +0-02

View Today's Rates

September 25, 2012

MND NewsWire - 2:47PM

Romney vs. Obama: An Overview of the Candidates Housing Views

Even while housing is repeatedly cited as a leading cause of the Great Recession and as a significant key to a full recovery the candidates for President of the United States have had ...

Mortgage Rate Watch - 2:47PM

Mortgage Rates Continue Surge To Lower All-Time Lows

Mortgage rates surged lower again today , continuing an ongoing push into lower all-time lows . Although bond markets in general moved lower in rate today, the overriding factor leading ...

MND NewsWire - 11:07AM

S&P/Case Shiller Home Prices Rise, Feeding Optimism of a Housing Recovery

Home prices as measured by the S&P/Case-Shiller Home Price Indices rose across the board in July with both the 10- and 20-City Composites and all 20 cities included in them rising ...

MND NewsWire - 11:16AM

FHFA Reports Home Price Up 0.2% in July

The July House Price Index (HPI) released by the Federal Housing Finance Agency (FHFA) this morning follows the S&P/Case-Shiller report issued earlier in announcing an increase ...

Latest Video

Steve Liesman: Housing in the USA a Good Investment?

Santelli's Midday Bond Report

S&P/Case-Shiller: Home Prices Rise Again

More News from 'Around the Web'

CNBC - 3:02PM
Geithner Was 'Bailouter' in Chief During Crisis: Bair
The Huffington Post - 2:25PM
Obama Foreclosure Prevention Program 'Cheated Borrowers,' Former Bank Regulator Says
Business Week - 2:24PM
Zillow shares fall on negative research report, outlook
Market Watch - 2:24PM
The Fed: Fed's Plosser slams QE3
National Housing Conference - 12:05PM
Former Fannie Mae chief cleared in federal court
WSJ - 9:55AM
Five Questions: Why Home Prices Are Rising
www.businesswire.com - 9:21AM
Wells Fargo Creates Military Affairs Program; Outlines Top Three Initiatives
CNBC - 9:54AM
ECB Is Just 'Bridge' Towards Stable Future: Draghi
Bloomberg - 8:09AM
Banks That Flunked Servicing Tests Face Watchdog

Today's Comments

	MBS Live Chat - 3:19PM "MG/AQ/technicians, the 10 yr has been in a relatively tight range, 1.6's-1.8's, I understand we have artificial stimulation into mbs, and also understand the disconnect btw tsy's and mbs, but should we consider the trend as far as protecting the pipe????..."
	MBS Live Chat - 3:25PM "I think with the caveat of a 10yr under, say 1.8-ish, you can pretty much count on QE3-related demand cramming best-ex down on the 3.25% level. If 10's break higher, that assessment could change...."
	MBS Live Chat - 3:30PM "nice chart MG, the 1st chart answers the question of the trend, def higher yields to come....question is how long can the disconnect btw mbs and tsy's continue?..."

Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.33%

-0.05

15 Yr FRM

2.75%

0.00

FHA 30 Year Fixed

3.25%

-0.10

Jumbo 30 Year Fixed

3.83%

-0.08

5/1 Yr ARM

2.99%

+0.04

What are best-execution rates?

View: Current Mortgage Rates

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.11%

0.86

-0.05

30 Yr. Fixed

3.84%

1.09

-0.04

MBA **

30 Yr. Fixed

3.72%

0.45

-0.03

15 Yr. Fixed

3.03%

0.39

-0.04

30 Yr. Jumbo

3.99%

0.35

-0.01

30 Yr. FHA

3.50%

0.57

0.00

5/1 ARM

2.61%

0.32

-0.02

Freddie Mac **

30 Yr. Fixed

3.49%

0.60

-0.06

15 Yr. Fixed

2.77%

0.60

-0.08

1 Yr. ARM

2.61%

0.40

0.00

5/1 Yr. ARM

2.76%

0.60

+0.04

* 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

105-25

+0-12

30YR FNMA 3.5

107-15

+0-07

30YR GNMA 3.0

107-10

+0-11

30YR GNMA 3.5

109-25

+0-06

15YR FNMA 3.0

106-08

+0-02

15YR FNMA 2.5

105-02

+0-06

Treasuries

Yield

Change

2 YR

0.2663%

+0.0001

5 YR

0.6476%

-0.0064

10 YR

1.6749%

-0.0380

30 YR

2.8514%

-0.0493

Prices as of: 9/25/2012 3:52PM EST

View: Current MBS 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.

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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