Daily Newsletter: Thursday February 14, 2013

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30 Year Fixed

                                                                3.61%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.93%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.00%
                                                                  
                                                                -0.0294

FNMA 30YR 3.5

                                                                105-09
                                                                  
                                                                +0-08

FNMA 15YR 2.5

                                                                104-29
                                                                  
                                                                +0-04

View Today's Rates

Thursday February 14, 2013

Mortgage Rate Watch - 3:18PM

Mortgage Rates Recover Modestly After Treasury Auction

Mortgage rates moved slightly lower this afternoon after beginning the day in line with yesterday's worst levels of the year. Things looked relatively bleak as domestic market participants ...

MND NewsWire - 4:30PM

Housing Seen as Emerging Bright Spot by Freddie Mac Economists

Even with the unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of 2012, Freddie Mac's chief economist Frank E. Nothaft , and deputy chief Leonard Kiefer ...

Pipeline Press - 11:40AM

Who Owns 10,000 Houses? Finance Industry and Cybersecurity; QM's Impact on Volumes 7 Years from Now

While I sit here kicking myself for not owning the stock in catsup maker Heinz (up 20% this morning because of being purchased by Berkshire Hathaway), I managed to remember that it ...

MND NewsWire - 11:04AM

Foreclosure Activity Drops Sharply Thanks to New California Law

Foreclosure activity in much of the nation now appears to be accelerating downward, dropping 7 percent in a single month according to RealtyTrac. Foreclosure filings nationwide - default ...

Latest Video

Power House: Las Vegas' Housing Market

Santelli's Midday Bond Report

Santelli Explains Currency Manipulation

More News from 'Around the Web'

NAFCU - 4:34PM
NAFCU hails new Royce-McCarthy MBL bill
investors.flagstar.com - 1:41PM
Flagstar Sells DocVelocity to Capsilon
Market Watch - 1:03PM
Sen. Warren: Too-big-to-fail is too-big-for-trial
Market Watch - 1:02PM
Low inflation may allow longer QE: Fed's Bullard
The Big Picture - 1:01PM
Underwater & Drowning? Mortgages Targeted by Eminent Domain
CNBC - 12:35PM
Housing Recovery to Boost Jobs: Goldman Sachs
WSJ - 12:35PM
Housing Inventory, Already Low, Dropped Further in January
House Financial Services - 10:52AM
Hensarling Statement on FHA Being Added to "High Risk" List by GAO
freddiemac.mwnewsroom.com - 10:06AM
Freddie Mac: 30-Year Fixed-Rate Mortgage Unchanged for Third Consecutive Week
Business Week - 8:17AM
Housing Industry Looks to Obama to Soften Mortgages
CRL - 8:15AM
FHA Plays a Critical Housing Role
Washington Post - 11:08PM
HUD's oversight of housing-construction program lagging, audit finds

Today's Comments

	MND NewsWire - 3:34PM "The idea that there are only 1 or 2 percent of credit reports with material inaccuracies is amusing. I guess it depends on the definition of a material inaccuracy but in my ten years experience it's a far higher percentage...."
	MBS Live Chat - 2:37PM "REPRICE : 2:37 PM - Freedom Mortgage Better..."
	MBS Live Chat - 2:36PM "REPRICE : 2:36 PM - Wells Fargo Better..."
	MBS Live Chat - 2:32PM "REPRICE : 2:32 PM - Fifth Third Mortgage Better..."
	MBS Live Chat - 2:16PM "REPRICE : 2:16 PM - Franklin American Better..."
	MBS Live Chat - 2:14PM "REPRICE : 2:14 PM - Plaza Better..."
	MND NewsWire - 10:32AM "Recent policy changes and the increasing cost of FHA MIP will likely leave FHA serving only the highest risk borrowers. FHA will not likely abandon it's primary charge of making home ownership possible for families of lessor means. By shrinking the base and creating an inbalance in favor of the higher..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.61%

-0.02

15 Yr FRM

2.93%

-0.02

FHA 30 Year Fixed

3.32%

-0.03

Jumbo 30 Year Fixed

3.80%

-0.01

5/1 Yr ARM

3.03%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.70%

1.16

-0.11

30 Yr. Fixed

3.47%

1.29

-0.07

MBA **

30 Yr. Fixed

3.75%

0.43

+0.02

15 Yr. Fixed

3.01%

0.28

+0.01

30 Yr. Jumbo

3.98%

0.36

+0.02

30 Yr. FHA

3.53%

0.39

+0.00

5/1 ARM

2.66%

0.31

-0.06

Freddie Mac **

30 Yr. Fixed

3.53%

0.80

+0.00

15 Yr. Fixed

2.77%

0.80

+0.00

1 Yr. ARM

2.61%

0.30

+0.08

5/1 Yr. ARM

2.64%

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

102-31

+0-10

30YR FNMA 3.5

105-09

+0-08

30YR GNMA 3.0

104-05

+0-12

30YR GNMA 3.5

107-09

+0-06

15YR FNMA 3.0

104-29

+0-04

15YR FNMA 2.5

103-16

+0-04

Treasuries

Yield

Change

2 YR

0.2660%

-0.0120

5 YR

0.8540%

-0.0533

10 YR

1.9983%

-0.0294

30 YR

3.1774%

-0.0556

Prices as of: 2/14/2013 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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