Daily Newsletter: Tuesday March 12, 2013

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30 Year Fixed

                                                                3.69%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.99%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.02%
                                                                  
                                                                -0.0385

FNMA 30YR 3.5

                                                                104-31
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                104-27
                                                                  
                                                                +0-02

View Today's Rates

Tuesday March 12, 2013

MND NewsWire - 4:42PM

Republicans Attacking CFPB on Multiple Fronts

Republicans in Congress are pulling out all the stops to make sure that Richard Cordray is not confirmed to continue as Director of the Consumer Finance Protection Bureau (CFPB) and ...

MND NewsWire - 12:40PM

Threat Of Rising Rates Poses Funding Risks For GSEs And Banks

The Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) has issued a white paper detailing how FHFA manages the interest rate risk faced by the two government ...

Mortgage Rate Watch - 3:25PM

Mortgage Rates Struggle To Improve Despite Bond Market Strength

Mortgage rates are mixed to lower today, but some lenders are still in worse shape than yesterday afternoon's latest offerings. This stratification around unchanged levels belies the ...

Pipeline Press - 11:30AM

RESPA and Dodd-Frank Conflict on Incentives; To Appraise or Not to Appraise, that is the Question

A few weeks ago the commentary mentioned repeated a note from a reader, "Fannie & Freddie are now allowing mortgage companies to offer incentives of up to $500 to induce consumers ...

Latest Video

Transunion: Our Systems Were Not Hacked In Any Way

Santelli Peers Into Fed's 'Crystal Ball'

Santelli's Midday Bond Report

More News from 'Around the Web'

Business Week - 4:21PM
BofA's Countrywide Asks Appeals Court to Undo MBIA Ruling
Reuters - 3:02PM
Equifax says probing unauthorized access of credit reports
The Huffington Post - 1:34PM
Elizabeth Warren Blasts Senate Republicans For Holding Up CFPB Nomination
Bloomberg - 1:34PM
U.S. Credit-Card Charge-Offs Reach 6-Year Low, Fitch Report Says
Bloomberg - 1:30PM
Treasuries Remain Higher After $32 Billion Three-Year Note Sale
Bloomberg - 12:16PM
Ally Will Sell Mortgage Servicing Rights to Ocwen Financial
CNBC - 12:15PM
El-Erian: Fed Faces One Of Its Toughest Jobs Ever
www.aei.org - 11:11AM
FHA Reform: Past, present, and future
www.cfpbmonitor.com - 11:12AM
Is another expansion of the CFPB's complaint system imminent?
WSJ - 11:09AM
Banks, Rating Firms Square Off Over Mortgage Bonds
www.aei.org - 11:10AM
Realty, Unreality: Are low appraisal values a problem in housing?
Bloomberg - 7:39AM
Banks' Debt Addiction Said to Face Scrutiny at Basel Meetings

Today's Comments

	MBS Live Chat - 3:26PM "REPRICE : 3:26 PM - Wells Fargo Better..."
	MBS Live Chat - 3:35PM "REPRICE : 3:35 PM - Franklin American Better..."
	MBS Live Chat - 2:39PM "Plus 10 yr auction tomorrow...I'll have my finger on the trigger at 10 PST..."
	MBS Live Chat - 2:18PM "New DU Clarification: https://www.fanniemae.com/content/tool/du-clarification-foreclosure-preforeclosure-sale.pdf..."
	MBS Live Chat - 2:40PM "definitely floating overnight..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.69%

-0.01

15 Yr FRM

2.99%

-0.01

FHA 30 Year Fixed

3.40%

-0.01

Jumbo 30 Year Fixed

3.81%

-0.01

5/1 Yr ARM

3.01%

-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

3.70%

0.39

-0.07

15 Yr. Fixed

2.96%

0.36

-0.07

30 Yr. Jumbo

3.80%

0.37

-0.13

30 Yr. FHA

3.47%

0.33

-0.07

5/1 ARM

2.55%

0.37

-0.10

Freddie Mac **

30 Yr. Fixed

3.52%

0.70

+0.01

15 Yr. Fixed

2.76%

0.70

+0.00

1 Yr. ARM

2.63%

0.30

-0.01

5/1 Yr. ARM

2.63%

0.50

+0.02

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

102-13

+0-09

30YR FNMA 3.5

104-31

+0-07

30YR GNMA 3.0

103-26

+0-10

30YR GNMA 3.5

106-30

+0-06

15YR FNMA 3.0

104-27

+0-02

15YR FNMA 2.5

103-07

+0-03

Treasuries

Yield

Change

2 YR

0.2580%

+0.0000

5 YR

0.8692%

-0.0274

10 YR

2.0191%

-0.0385

30 YR

3.2148%

-0.0432

Prices as of: 3/12/2013 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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