Daily Newsletter: Friday March 8, 2013

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30 Year Fixed

                                                                3.71%
                                                                  
                                                                +0.08

15 Year Fixed

                                                                3.01%
                                                                  
                                                                +0.06

10YR Treasury

                                                                2.06%
                                                                  
                                                                +0.0593

FNMA 30YR 3.5

                                                                104-31
                                                                  
                                                                -0-11

FNMA 15YR 2.5

                                                                104-29
                                                                  
                                                                -0-06

View Today's Rates

Friday March 8, 2013

Mortgage Rate Watch - 2:59PM

Mortgage Rates Highest In Nearly 10 Months After Employment Data

Mortgage rates vaulted higher today at their fastest pace since late January, after the Employment Situation showed an unexpectedly high number of jobs created in February. The Employment ...

MND NewsWire - 11:08AM

Senator Requests DOJ Investigation of LPS Related to Fees, Double-Billing

According to the Wall Street Journal , Senator Ron Wyden (D-OR) has sent a letter to the Department of Justice requesting an investigation of Lender Processing Services (LPS) . The ...

Pipeline Press - 10:44AM

Sequester Puts Native American Loan Program on Hold; Uniform State Test Info; Interesting Prepayment Info and How it Impacts Pricing

Andrew Jackson's portrait is on the $20 bill of the United States - we know that. But what many people don't know is that for years, and perhaps to this day, many Native Americans will ...

MND NewsWire - 12:26PM

Mortgage Insurers Active in HAMP, HARP Programs

The three major private mortgage insurers participated in the modification of 5,791 mortgages through the Home Affordable Modification Program (HAMP) in the fourth quarter of 2012 and ...

Latest Video

Santelli & Liesman Fight Over 'Normalizing Rates'

Lack of Labor Jacks Up Home Prices

Builders' Credit Freeze Thawing?

More News from 'Around the Web'

Bloomberg - 1:49PM
Bank of America Raises Forecast for Gain in Home Prices
CNBC - 1:44PM
Banks and Fed's Stress Test Models Far Apart
Bloomberg - 1:44PM
MBIA Loses Bid to Get FDIC Funds to Cover IndyMac Liability
www.csbs.org - 4:10PM
Multi-State Mortgage Committee Issues 2012 Annual Report to State Regulators
Market Watch - 12:16PM
Fed's Bullard sees continued bond buying
Reuters - 10:47AM
Fed mulls putting a "not for sale" sign on its assets
CNBC - 10:32AM
Housing Jobs Jump, but Workers Aren't Returning
WSJ - 9:53AM
Senator Asks Justice Department to Investigate Mortgage Company
media.ally.com - 8:16AM
Ally Financial Statement on Dodd-Frank Act Stress Test Results
www.cfpbmonitor.com - 8:13AM
CFPB on sequester list
www.nytimes.com - 11:16PM
Mortgages: The Right Time and Place to Buy

Today's Comments

	MBS Live Chat - 12:51PM "REPRICE : 12:51 PM - AMC Worse..."
	MBS Live Chat - 12:36PM "eh... i don't know BB. it's the kind of thing I would have liked to have seen hold up intraday. The damage that a break of 2.05 could do has already been done regardless of the 3pm yield. Silver lining maybe...."
	MBS Live Chat - 12:34PM "MG--How much value would you put to closing the day under 2.5 on the 10 yr today?..."
	MBS Live Chat - 12:18PM "There is our Italy news, albeit somewhat innocuous..."
	MBS Live Chat - 12:17PM "REPRICE : 12:17 PM - Flagstar Worse..."
	MBS Live Chat - 12:15PM "RTRS - FITCH SAYS IT COULD CUT ITALY FURTHER IF RECESSION IS DEEPER AND LONGER THAN FORECAST..."
	MBS Live Chat - 12:15PM "RTRS - FITCH SAYS ITALY DOWNGRADE COMES ON INCONCLUSIVE ELECTIONS AND ONGOING RECESSION..."
	MBS Live Chat - 12:15PM "RTRS - FITCH DOWNGRADES ITALY TO 'BBB+'; OUTLOOK NEGATIVE..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.71%

+0.08

15 Yr FRM

3.01%

+0.06

FHA 30 Year Fixed

3.42%

+0.06

Jumbo 30 Year Fixed

3.73%

-0.06

5/1 Yr ARM

3.04%

+0.02

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

102-08

-0-18

30YR FNMA 3.5

104-31

-0-11

30YR GNMA 3.0

103-19

-0-14

30YR GNMA 3.5

106-30

-0-11

15YR FNMA 3.0

104-29

-0-06

15YR FNMA 2.5

103-10

-0-08

Treasuries

Yield

Change

2 YR

0.2579%

+0.0039

5 YR

0.8949%

+0.0405

10 YR

2.0558%

+0.0593

30 YR

3.2579%

+0.0563

Prices as of: 3/8/2013 4:13PM 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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