Daily Newsletter: Wednesday January 16, 2013

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30 Year Fixed

                                                                3.43%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.78%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.82%
                                                                  
                                                                -0.0175

FNMA 30YR 3.5

                                                                106-07
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                105-12
                                                                  
                                                                0-00

View Today's Rates

Wednesday January 16, 2013

MND NewsWire - 5:05PM

Future of the Mortgage Industry to be Decided in Tidal Wave of Regulations (in Next 6 Months)

David H. Stevens , President and CEO of the Mortgage Bankers Association (MBA) , told member of the Exchequer Club on Wednesday that in the 12 months since he last addressed them there ...

Pipeline Press - 10:51AM

Reaching 70% Purchase Volume in 2013 - A Lofty Goal?; Investor and M&A Updates; Mortgage Jobs

" Total debt service payments as percentage of disposable income have fallen from a peak of 14.1% in 7/07 to just 10.6% today, a level last seen in 10/93; a decline of 25%. This is ...

MND NewsWire - 11:07AM

Builder Confidence Index Stalls after Eight Months of Improvement

Following eight consecutive months of increases the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) held steady in January. The current level of ...

MND NewsWire - 9:22AM

Mortgage Applications Recover from Holiday Doldrums

Applications for mortgages increased substantially during the week ended January 11 as purchase applications soared to their highest levels in nearly two years. The Mortgage Bankers ...

Latest Video

US Bancorp CEO Talks Earnings

Home Builder Confidence Unchanged

Housing: Heyday or Mayday?

More News from 'Around the Web'

Business Week - 2:10PM
M&T Bank 4th-quarter net income more than doubles
Mortgage Crisis Watch - 2:23PM
Important Buyback Victory
Bloomberg - 4:53PM
Genworth CFO Says Mortgage Unit to Recover With Housing
Market Watch - 12:15PM
Strong Mortgage Banking Drives U.S. Bancorp's Results
Bloomberg - 11:58AM
FHA Woes May Spark D.C. Talks on Housing Finance Overhaul
Business Week - 11:44AM
ResCap Wins Approval to Try to Sell Defaulted Loans
freddiemac.mwnewsroom.com - 11:43AM
Freddie Mac: Record Low Initial Interest Rates in 29th Annual ARM Survey
Federal Reserve - 10:19AM
Fed Reaches Agreements Goldman Sachs and Morgan Stanley to Provide $557M in Mortgage Assistance to Borrowers
Market Watch - 10:20AM
Foreign buying of Treasurys strong in November
Bloomberg - 10:19AM
Kocherlakota Says Fed Should Ease Policy Further to Spur Hiring
Business Week - 7:56AM
Bargain Homes Lure Buyers Worldwide to Detroit
Bloomberg - 7:56AM
'Odd Couple' in U.S. House to Tackle Mortgage Finance

Today's Comments

	MBS Live Chat - 2:01PM "Beige Book : RTRS - FED SAYS RETAILERS ACROSS COUNTRY REPORTED SOME CONSUMER CAUTION DUE TO UNCERTAINTY OVER FISCAL POLICY..."
	MBS Live Chat - 2:10PM "REPRICE : 2:10 PM - Sun West Mortgage Worse..."
	MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Sierra Pacific Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.43%

+0.01

15 Yr FRM

2.78%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.63%

+0.01

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

2.81%

1.00

-0.10

30 Yr. Fixed

3.54%

1.24

-0.08

MBA **

30 Yr. Fixed

3.61%

0.41

+0.09

15 Yr. Fixed

2.88%

0.39

+0.02

30 Yr. Jumbo

3.78%

0.38

+0.03

30 Yr. FHA

3.35%

0.69

+0.01

5/1 ARM

2.64%

0.37

-0.01

Freddie Mac **

30 Yr. Fixed

3.40%

0.70

+0.06

15 Yr. Fixed

2.66%

0.70

+0.02

1 Yr. ARM

2.60%

0.50

+0.03

5/1 Yr. ARM

2.67%

0.60

-0.04

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

104-13

+0-02

30YR FNMA 3.5

106-07

+0-01

30YR GNMA 3.0

105-15

-0-01

30YR GNMA 3.5

108-08

+0-00

15YR FNMA 3.0

105-12

0-00

15YR FNMA 2.5

104-07

-0-00

Treasuries

Yield

Change

2 YR

0.2494%

+0.0002

5 YR

0.7371%

-0.0129

10 YR

1.8185%

-0.0175

30 YR

3.0107%

-0.0148

Prices as of: 1/16/2013 4:31PM 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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