Daily Newsletter: Tuesday January 8, 2013

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30 Year Fixed

                                                                3.48%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                2.82%
                                                                  
                                                                -0.03

10YR Treasury

                                                                1.86%
                                                                  
                                                                -0.0389

FNMA 30YR 3.5

                                                                106-08
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                105-17
                                                                  
                                                                +0-02

View Today's Rates

Tuesday January 8, 2013

MND NewsWire - 10:46AM

Real Estate Web Searches Climb 253% in Four Years as 90% of Homebuyers Use Internet as Primary Research

Home-shopping consumers are not only exponentially increasing their reliance on the Internet but are also developing distinct patterns for using it in their housing searches. Google ...

Pipeline Press - 11:13AM

More on the Multi-billion Dollar Settlement; Thoughts on LO's W-2 vs. 1099

There are so many statistics out there it makes one's head spin. For example, for the nation's 115 million occupied homes: The median year these homes were built was 1974 , with owner ...

Mortgage Rate Watch - 1:58PM

Mortgage Rates Improve On Average, But Not For Every Lender

Mortgage rates continued to inch lower on average after rising to the highest levels since September at the end of last week. There were no significant market moving events behind the ...

MBS Commentary - 4:17PM

MBS RECAP: Another Uneventful Session Leaves MBS Slightly Improved

MBS Live : MBS Afternoon Market Summary Bond markets continue rebuilding from the wreckage they woke up to on Friday morning. A great majority of that rebuilding effort was undertaken ...

Latest Video

Santelli: How Much Damage Has the Fed Done?

Outlook 2013: Hope Springs in Housing Market

No 'Full-Blown' Housing Recovery: Quicken CEO

More News from 'Around the Web'

Market Watch - 3:07PM
CFPB Expected to Finalize QM Rules Thursday
Business Week - 2:31PM
Vegas home prices shoot up 24 percent in 1 year
Bloomberg - 2:30PM
Fannie Mae, Freddie Mac Sued by Maryland County for Unpaid Taxes
SIFMA - 2:26PM
Tim Ryan to Depart SIFMA
House Oversight - 2:25PM
Cummings Issues Statement on Potential AIG Lawsuit Against the Government
Bloomberg - 12:53PM
Even Fannie Mae's CEO Thinks the Company Is Too Big
Washington Post - 11:38AM
AIG considers suing government for bailing it out, world implodes in on itself
Reuters - 11:37AM
Exclusive - Bank of America to sell rights on $100 billion in mortgages: sources

Today's Comments

	MBS Live Chat - 2:49PM "According to the Bloomberg article on Fannie's CEO, Fannie Mae had $9.7 Billion net income for the first 3 quarters of 2012...more than their entire history...."
	MBS Live Chat - 2:47PM "My point to the underwriter is that he is only taking for example 50% of income and 50% of expenses, however we are bashing those figures up against 100% PITI which is making his paper losses 3 x times his actual losses...."
	MBS Live Chat - 2:47PM "Thomas, I have a scenario in which they are looking at the rent schedule on corporate returns and even though the borrower is not on the financing or title of some of the other properties they are taking the total payment and considering the other properties financed properties for the max of 4 financed..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.48%

-0.03

15 Yr FRM

2.82%

-0.03

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.68%

-0.03

5/1 Yr ARM

2.96%

+0.00

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

3.50%

0.44

+0.03

15 Yr. Fixed

2.83%

0.26

-0.02

30 Yr. Jumbo

3.73%

0.29

-0.04

30 Yr. FHA

3.34%

0.54

+0.02

5/1 ARM

2.61%

0.36

-0.02

Freddie Mac **

30 Yr. Fixed

3.34%

0.70

-0.01

15 Yr. Fixed

2.64%

0.60

-0.01

1 Yr. ARM

2.57%

0.40

+0.01

5/1 Yr. ARM

2.71%

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

104-13

+0-05

30YR FNMA 3.5

106-08

+0-02

30YR GNMA 3.0

105-22

+0-05

30YR GNMA 3.5

108-05

+0-02

15YR FNMA 3.0

105-17

+0-02

15YR FNMA 2.5

104-13

+0-03

Treasuries

Yield

Change

2 YR

0.2559%

-0.0116

5 YR

0.7789%

-0.0321

10 YR

1.8638%

-0.0389

30 YR

3.0620%

-0.0395

Prices as of: 1/8/2013 4:30PM 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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