Daily Newsletter: Friday January 25, 2013

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30 Year Fixed

                                                                3.55%
                                                                  
                                                                +0.07

15 Year Fixed

                                                                2.88%
                                                                  
                                                                +0.07

10YR Treasury

                                                                1.95%
                                                                  
                                                                +0.0909

FNMA 30YR 3.5

                                                                105-19
                                                                  
                                                                -0-11

FNMA 15YR 2.5

                                                                104-32
                                                                  
                                                                -0-08

View Today's Rates

Friday January 25, 2013

Mortgage Rate Watch - 2:30PM

Mortgage Rates Hit Highest Levels In Months, More Volatility Ahead

Mortgage rates skyrocketed to their highest levels since August on Friday, both as a part of an ongoing move higher that began yesterday and more specifically in reaction to overnight ...

MND NewsWire - 1:50PM

Court Ruling Jeopardizes Cordray's Recess Appointment

The U.S. Court of Appeals for the District of Columbia just ruled that three recess appointments made by President Barack Obama last year are constitutionally invalid . The Court ruled ...

MND NewsWire - 11:02AM

New Home Sales Fell in December, but Up Sharply in 2012

Sales of new homes fell in December, down 7.3 percent from November to a seasonally adjusted annual rate of 369,000. This is 8.8 percent higher than the December 2011 estimate of 339 ...

MND NewsWire - 9:34AM

Plan to Use Eminent Domain for Underwater Homes Abandoned

Eminent Domain is no longer under consideration as a mortgage modification tool in San Bernardino County California . The County and two of its cities, Ontario and Fontana have announced ...

Latest Video

BofA's Moynihan on U.S. Lending, Housing, Economy

New Home Sales Down 7.3% in December

Yale's Shiller on U.S. Housing and Stocks

More News from 'Around the Web'

Bloomberg - 1:58PM
BofA CEO Says Cleaning Countrywide Mess Like Mountain Climb With 250-Pound Pack
www.usatoday.com - 12:20PM
Appeals court strikes down Obama recess appointments; CFPB's Cordray Affected?
business.time.com - 11:39AM
Economist: Euro Crisis Could Erupt Again This Year
WSJ - 11:39AM
Geithner Says He Won't Be Next Fed Chairman
CNBC - 10:53AM
Home Builders Turn To Rental Apartments
CNBC - 10:05AM
New Home Sales Drop to 369,000 in December, Less Than Expected
WSJ - 9:56AM
Shiller Says Housing Still Is Somewhat Risky Investment'
WSJ - 9:07AM
Six Housing Forecasters Who Got Things Right in 2012
freddiemac.mwnewsroom.com - 8:39AM
Freddie Mac Issues Monthly Volume Summary for December 2012

Today's Comments

	MBS Live Chat - 2:03PM "RTRS- WHITE HOUSE SAYS COURT DECISION HAS NO BEARING ON RICHARD CORDRAY APPOINTMENT, RULING LIMITED TO SINGLE CASE..."
	MBS Live Chat - 2:03PM "RTRS- WHITE HOUSE SAYS RESPECTFULLY BUT STRONGLY DISAGREE WITH COURT RULING AGAINST RECESS APPOINTMENTS TO NATIONAL LABOR RELATIONS BOARD..."
	MBS Live Chat - 1:54PM "REPRICE : 1:54 PM - Interbank Worse..."
	MBS Live Chat - 1:47PM "REPRICE : 1:47 PM - GMAC Worse..."
	MBS Live Chat - 1:45PM "REPRICE : 1:45 PM - Wells Fargo Worse..."
	MBS Live Chat - 1:36PM "REPRICE : 1:36 PM - Franklin American Worse..."
	MND NewsWire - 1:16PM "Court Rules Obama Recess Appointments Unconstitutional - The CFPB is up next. We as an industry have a DUTY to ignore all the rulings coming out of this UNCONSTITUTIONAL appointment - but, of course, we won't...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.55%

+0.07

15 Yr FRM

2.88%

+0.07

FHA 30 Year Fixed

3.28%

+0.03

Jumbo 30 Year Fixed

3.76%

+0.08

5/1 Yr ARM

3.04%

+0.05

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

3.62%

0.43

+0.01

15 Yr. Fixed

2.87%

0.39

-0.01

30 Yr. Jumbo

3.85%

0.34

-0.03

30 Yr. FHA

3.40%

0.53

+0.01

5/1 ARM

2.61%

0.32

-0.05

Freddie Mac **

30 Yr. Fixed

3.42%

0.70

+0.04

15 Yr. Fixed

2.71%

0.70

+0.05

1 Yr. ARM

2.57%

0.50

+0.00

5/1 Yr. ARM

2.67%

0.50

+0.00

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

103-15

-0-20

30YR FNMA 3.5

105-19

-0-11

30YR GNMA 3.0

104-15

-0-20

30YR GNMA 3.5

107-18

-0-11

15YR FNMA 3.0

104-32

-0-08

15YR FNMA 2.5

103-21

-0-11

Treasuries

Yield

Change

2 YR

0.2759%

+0.0332

5 YR

0.8490%

+0.0812

10 YR

1.9451%

+0.0909

30 YR

3.1290%

+0.0809

Prices as of: 1/25/2013 4:14PM 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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