Daily Newsletter: Monday March 4, 2013

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30 Year Fixed

                                                                3.57%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.90%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.88%
                                                                  
                                                                +0.0325

FNMA 30YR 3.5

                                                                105-25
                                                                  
                                                                0-00

FNMA 15YR 2.5

                                                                105-09
                                                                  
                                                                -0-00

View Today's Rates

Monday March 4, 2013

Pipeline Press - 10:40AM

Reverse Mortgage Lending Dips; PHH's Private Label Subservicing; More on Hiring Millennials

With the change of clocks ahead of us this weekend, let's ease into the work week and put this Girl Scout cookie issue to rest once and for all. Besides all of the benefits that accrue ...

MBS Commentary - 4:25PM

MBS RECAP: One Of The Year's Slowest Sessions

MBS Live : MBS Afternoon Market Summary The earlier recap referred to today as an 'extended weekend,' and that continued to be unofficially the case for the rest of the session. Depending ...

Mortgage Rate Watch - 2:15PM

Mortgage Rates Unchanged To Slightly Higher To Begin Week

Mortgage rates moved slightly higher in most cases on Monday, though some lenders were essentially unchanged from Friday's latest offerings. Despite the moderate weakness, with the ...

MND NewsWire - 2:33PM

MBA, NAR Outline Importance of FHA

David H. Stevens , President & CEO of the Mortgage Bankers Association (MBA), and Gary Thomas , President of the National Association of Realtors® (NAR) testified today before ...

Latest Video

Santelli's Midday Bond Report

U.S. Banks `Backing Away' From Economy, Whalen Says

Fed's Unwinding Could Be a 'Problem'

More News from 'Around the Web'

Bloomberg - 3:25PM
Volcker Says Weakening the Fed's Stimulus 'Liquor' a Challenge
CFPB - 3:23PM
CFPB: Protect yourself from buyer's remorse
CNBC - 3:23PM
New York State Supreme Court Upholds MBIA's Transformation
www.aei.org - 2:06PM
New Qualified Mortgage rule setting us up for another meltdown
business.time.com - 10:44AM
Will Reform of Fannie and Freddie Kill the 30-Year Mortgage?
Federal Reserve - 9:36AM
Fed's Yellen: Challenges Confronting Monetary Policy
www.freddiemac.com - 9:35AM
Freddie Mac: Technology Transforming the Secondary Market
The Huffington Post - 11:57PM
NY Fed Struck Shady Deal With BofA, Documents Show
CNBC - 9:35AM
How the Student Loan Crisis Drags Down Home Prices

Today's Comments

	MBS Live Chat - 1:49PM "quite a pattern in the 3.0 today..."
	MBS Live Chat - 2:04PM "big rejection of 1.84 today..."
	MBS Live Chat - 2:05PM "I wouldn't read too much into it. Low volume, and nothing going on. It would mean more to see a big bounce on Thursday and/or Friday IMO...."
	MBS Live Chat - 2:05PM "SV- was it a rejection? There was nothing out that would make the 10YR dip below 1.84 for any length of time today. I assume we will be in this holding pattern until at least Wed morning...."
	MBS Live Chat - 2:08PM "REPRICE : 2:08 PM - Chase Better..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.57%

+0.01

15 Yr FRM

2.90%

+0.01

FHA 30 Year Fixed

3.30%

+0.01

Jumbo 30 Year Fixed

3.75%

+0.01

5/1 Yr ARM

3.00%

+0.00

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

103-17

-0-03

30YR FNMA 3.5

105-25

0-00

30YR GNMA 3.0

104-26

-0-04

30YR GNMA 3.5

107-25

-0-01

15YR FNMA 3.0

105-09

-0-00

15YR FNMA 2.5

103-29

-0-01

Treasuries

Yield

Change

2 YR

0.2382%

+0.0000

5 YR

0.7596%

+0.0144

10 YR

1.8789%

+0.0325

30 YR

3.0880%

+0.0311

Prices as of: 3/4/2013 4:28PM 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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