Daily Newsletter: Friday March 1, 2013

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30 Year Fixed

                                                                3.56%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.89%
                                                                  
                                                                -0.02

10YR Treasury

                                                                1.85%
                                                                  
                                                                -0.0378

FNMA 30YR 3.5

                                                                105-25
                                                                  
                                                                +0-00

FNMA 15YR 2.5

                                                                105-09
                                                                  
                                                                +0-01

View Today's Rates

Friday March 1, 2013

MND NewsWire - 11:06AM

Freddie Mac Turns Corner to Full-Year Profitability

Freddie Mac's net income increased by 55 percent in the fourth quarter of 2012 primarily due to a decrease in newly delinquent loans and an improvement in home prices . The company ...

MND NewsWire - 10:05AM

NY Attorney General Reportedly Investigating BOA over Mortgage Securities

Reuters is reporting that Bank of America (BOA) is the subject of yet another investigation. New York State Attorney General Eric Schneiderman is allegedly looking at the bank's purchase ...

Voice of Housing - 11:13AM

A Housing Riddle: Why did the Homeowner Stop Making their Mortgage Payments?

0 false 18 pt 18 pt 0 0 false false false Here is a riddle: Why did the homeowner stop making their mortgage payments? Because they ran out of money. The riddle does not end with “because ...

Mortgage Rate Watch - 2:48PM

Mortgage Rates Drift Down To One Month Lows

Mortgage rates edged gently lower on Friday , bring to a close their best week since mid-January. The catalyst for the relatively more positive week of rate movement--the Italian election ...

Latest Video

Barclays US Investment Head on Washington Chaos

Santelli Pleads, 'Come on Guys, Work For the Country!'

NY Fed Report on Household Debt & Credit

More News from 'Around the Web'

www.aei.org - 3:25PM
FHA: Reform or illusion of reform
Reuters - 4:14PM
In AIG suit, NY Fed reveals details of crisis-era BofA settlement
Realtor.Org - 3:22PM
FHA: Unsung Hero of the Recovery
CNBC - 3:21PM
Home Buyers Are Back, Where Are the Houses?
Bloomberg - 11:11AM
BofA Settlement Process 'Seriously Flawed,' Report Says
Business Week - 11:11AM
Construction Spending in US Unexpectedly Fell in January
OCC - 11:07AM
OCC Releases CRA Evaluations for 34 National Banks and Federal Savings Associations
Market Watch - 9:07AM
The return of interest-only mortgages
www.cfpbmonitor.com - 8:42AM
Does CFPB have Qualified Mortgage Remorse?
Bloomberg - 12:00AM
BofA Probed by New York Over Mortgage Securities
Reuters - 11:58PM
Fed's Evans sees economy achieving "escape velocity" by 2014
Business Week - 9:36PM
Bair Says Regulators Lack Spine to Name Systemic Firms
WSJ - 9:34PM
Rep. Waters: Regulator Needs Plan on âForced' Homeowners Insurance
The Basis Point - 8:04PM
Why The Jumbo Mortgage Market Is So Hot
Bloomberg - 7:49PM
Minnesota Counties Sue MERS, JPMorgan Over Filing Fees

Today's Comments

	Pipeline Press - 11:30AM "I see $8,000+ seller credit if using the builders lender - that's not built into the price? You're a fool if you think for a second that it isn't and that this practice hasn't been going on for years with new construction......"
	Pipeline Press - 9:05PM "In our current regulatory environment, I am surprised the affiliate model has lasted this long. I don't see a long shelf life for practices as they stand. If the best argument is that they value a strong pre-approval....the model is doomed...."
	Pipeline Press - 4:21PM "I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers - and I do mean coercing - to use an affiliated lender has to be addressed. I can provide whatever any builder would like to have as far as a pre-approval..."
	MBS Live Chat - 12:13PM "mbs didnt sell off as much as treasuries did when they went back in the 1.90s..."
	MBS Live Chat - 12:05PM "Sorry if this has already been addressed, but any feeling for why MBS seems to be underperforming Treasuries?....or am I missing something?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.56%

-0.02

15 Yr FRM

2.89%

-0.02

FHA 30 Year Fixed

3.29%

-0.02

Jumbo 30 Year Fixed

3.74%

-0.02

5/1 Yr ARM

3.00%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.78%

0.76

+0.08

30 Yr. Fixed

3.53%

1.11

+0.06

MBA **

30 Yr. Fixed

3.77%

0.48

-0.01

15 Yr. Fixed

3.03%

0.34

+0.00

30 Yr. Jumbo

3.93%

0.37

-0.01

30 Yr. FHA

3.54%

0.41

+0.00

5/1 ARM

2.65%

0.36

-0.01

Freddie Mac **

30 Yr. Fixed

3.51%

0.80

-0.05

15 Yr. Fixed

2.76%

0.80

-0.01

1 Yr. ARM

2.64%

0.40

-0.01

5/1 Yr. ARM

2.61%

0.60

-0.03

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

103-20

+0-02

30YR FNMA 3.5

105-25

+0-00

30YR GNMA 3.0

104-30

+0-03

30YR GNMA 3.5

107-26

+0-01

15YR FNMA 3.0

105-09

+0-01

15YR FNMA 2.5

103-30

+0-03

Treasuries

Yield

Change

2 YR

0.2382%

-0.0040

5 YR

0.7452%

-0.0224

10 YR

1.8464%

-0.0378

30 YR

3.0569%

-0.0375

Prices as of: 3/1/2013 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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