Daily Newsletter: Friday April 12, 2013

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30 Year Fixed

                                                                3.50%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                2.81%
                                                                  
                                                                -0.03

10YR Treasury

                                                                1.72%
                                                                  
                                                                -0.0705

FNMA 30YR 3.5

                                                                106-07
                                                                  
                                                                +0-10

FNMA 15YR 2.5

                                                                105-12
                                                                  
                                                                +0-02

View Today's Rates

Friday April 12, 2013

Mortgage Rate Watch - 2:23PM

Mortgage Rates Back Near Lows Of The Week

Mortgage rates finally extended yesterday's move lower, falling at an even quicker pace today. Weaker Retail Sales data contributed to a morning rally that was already underway in European ...

MND NewsWire - 11:03AM

FHLBanks Get New Deputy Director of Regulation

The Federal Housing Finance Agency (FHFA) has announced that Fred C. Graham will become Deputy Director of the Division of Federal Home Loan Bank Regulation. Graham has served in several ...

MND NewsWire - 11:02AM

Wells Fargo Continues Record Earnings Streak, Despite Slip in Mortgage Business

Wells Fargo beat analysts' expectations and brought in record high earnings for the first quarter of 2013 even though its mortgage earnings declined . The company reported net income ...

Pipeline Press - 9:44AM

Some Astute Concerns About Disparate Pricing, Assumable Loans, and the CFPB Complaint Database

Well, the rate lock renegotiation discussion continues, and here is one angle that I hadn't seen raised. "Lately we have been working/wrestling with the complex issue of 'disparate ...

Latest Video

Rosengren's Economic Outlook

Wells Fargo Beats on Q1 EPS

Banks Suffocated by Regulations: Expert

More News from 'Around the Web'

CNBC - 3:14PM
JPMorgan and Wells Mortgage Results May Spell Trouble: Pro
Bloomberg - 3:02PM
Wells Fargo CEO Sees Housing Shortage Helping Mortgage Results
NMLS - 2:58PM
CSBS Seeks Comment on Uniform NMLS Licensing Forms and Mortgage Call Report
Bloomberg - 12:56PM
BofA Ordered to Face Claims Over Insurance Kickbacks
Federal Reserve - 12:47PM
Bernanke, Creating Resilient Communities
www.usnews.com - 12:26PM
Fannie Mae CEO: Taxpayers Will Get Their Money Back and Then Some
CNBC - 12:24PM
Baby Boomers a Boon to Urban Home Builders
CNBC - 10:53AM
Cramer: Did Wells Miss 'The Great Mortgage Moment'?
Boston Fed - 10:21AM
Fed's Rosengren: Should Full Employment Be a Mandate for Central Banks?
FHFA - 10:19AM
FHFA Announces Deputy Director of the Division of Federal Home Loan Bank Regulation
CNBC - 9:18AM
Wells Fargo: America's 'Boring Bank' Gets Makeover
Google News - 9:14AM
Why Fannie and Freddie Should Exist in the New Mortgage Market
Bloomberg - 9:13AM
U.S. Stock Futures Slip as Retail Sales Drop Most in Nine Months
CNBC - 8:37AM
The Euro Zone Crisis Back - on Multiple Fronts
CNBC - 8:33AM
Draghi Warns Cyprus About Probe Into Central Bank Chief
CNBC - 8:33AM
Wells Fargo Posts EPS of 92 cents Vs. 88 cents Est.; Revenue Was $21.3B Vs. $21.59 B Est.
CNBC - 8:33AM
JPMorgan Chase Posts EPS of $1.59 Vs. $1.39 Est.; Revenue Is $25.858B Vs. $25.864B Est.
CNN - 1:04AM
Warren grills bank regulators over bungled foreclosure review

Today's Comments

	MBS Live Chat - 12:55PM "REPRICE : 12:55 PM - Franklin American Better..."
	MBS Live Chat - 12:34PM "REPRICE : 12:34 PM - Chase Better..."
	MBS Live Chat - 12:08PM "it definitely starts over..."
	MBS Live Chat - 12:07PM "It's very unclear it states as long as the borrower has been paying mip for five years..."
	MBS Live Chat - 12:06PM "If you streamline an FHA does the 5 year start over? or is it from the original date if he reaches 78%..."
	MBS Live Chat - 12:07PM "Starts over..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.50%

-0.03

15 Yr FRM

2.81%

-0.03

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.61%

-0.03

5/1 Yr ARM

2.98%

-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

3.68%

0.43

-0.08

15 Yr. Fixed

2.92%

0.34

-0.07

30 Yr. Jumbo

3.79%

0.36

-0.06

30 Yr. FHA

3.43%

0.52

-0.05

5/1 ARM

2.58%

0.37

-0.02

Freddie Mac **

30 Yr. Fixed

3.43%

0.80

-0.11

15 Yr. Fixed

2.65%

0.70

-0.09

1 Yr. ARM

2.62%

0.30

-0.01

5/1 Yr. ARM

2.62%

0.50

-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

104-04

+0-12

30YR FNMA 3.5

106-07

+0-10

30YR GNMA 3.0

105-25

+0-13

30YR GNMA 3.5

108-21

+0-13

15YR FNMA 3.0

105-12

+0-02

15YR FNMA 2.5

104-06

+0-06

Treasuries

Yield

Change

2 YR

0.2300%

-0.0040

5 YR

0.6938%

-0.0337

10 YR

1.7208%

-0.0705

30 YR

2.9177%

-0.0798

Prices as of: 4/12/2013 3:42PM 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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