Daily Newsletter: Wednesday April 17, 2013

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30 Year Fixed

                                                                3.48%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.79%
                                                                  
                                                                -0.01

10YR Treasury

                                                                1.70%
                                                                  
                                                                -0.0240

FNMA 30YR 3.5

                                                                106-09
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                105-16
                                                                  
                                                                +0-03

View Today's Rates

Wednesday April 17, 2013

MND NewsWire - 11:21AM

Housing Market May be Experiencing a "Bubble within a Bust"

Wells Fargo Bank's Economics Group has issued commentary on housing which updates concerns it says it has raised over the past few month "that the influx of investors into the housing ...

Pipeline Press - 12:42PM

Eminent Domain Back in the News; HUD Secretary to Testify; Gold and Mortgages

In real estate and lending, it pays to be aware, and be able to count, as shown in this short video . I have been asked to help an Orange County mortgage banker that is seeking a senior ...

MND NewsWire - 12:28PM

Bank of America Announces Countrywide Settlement along with Q1 Financial Results

Bank of America (BOA) reported net income in the first quarter of 2013 of $2.6 billion or $0.20 per diluted share, up from net income of $653 million or $0.3 million per share in the ...

MND NewsWire - 5:29PM

Freddie Mac: Look Beyond Recent Job News to Larger Trends

Freddie Mac's economists advise readers of its April Economic and Housing Outlook to look at employment growth over the past few months rather than the disappointing labor markets' ...

Latest Video

Bank of America's Q1 Earnings Fall Short

Santell's Three Wishes For Europe

Apartment Construction Red Flags

More News from 'Around the Web'

CNBC - 2:17PM
Fed's Beige Book: Construction, Auto Sales Boost US Economic Activity at Modest Pace
Washington Post - 11:22AM
The central bankers aren't heroes. They're guys who did their jobs when others didn't do theirs.
mninews.marketnews.com - 10:51AM
Fed Text: Snafu Fixed for Foreclosure Settlement Checks
Bloomberg - 10:31AM
Bank of America Cuts Most Workers in First Quarter to Trim Costs
Bloomberg - 10:31AM
BofA's Countrywide Agrees to $500 Million MBS Settlement
House Financial Services - 10:27AM
Who is Too Big to Fail?: Hearing Examines if Dodd-Frank Authorizes the Break Up of Financial Institutions
www.mersinc.org - 10:27AM
Georgia Court of Appeals Validates MERS' Role and Authority
CNBC - 9:48AM
Stocks Open Lower After Tepid Earnings; BAC Falls
Federal Reserve - 9:48AM
Federal Reserve provides information on checks sent under Independent Foreclosure Review Payment Agreement
CNBC - 8:06AM
Refinancing Boosts Mortgage Applications
Bloomberg - 8:06AM
BofA Misses Estimates as Lower Mortgage Income Crimps Results
Bloomberg - 8:06AM
PNC Net Income Increases 24% as Bank Cuts Costs, Boosts Revenue
CNBC - 8:00AM
Zandi Favors 'Targeted' Mortgage Reduction

Today's Comments

	MBS Live Chat - 2:38PM "REPRICE : 2:38 PM - Sierra Pacific Better..."
	MBS Live Chat - 2:17PM "REPRICE : 2:17 PM - Flagstar Better..."
	MBS Live Chat - 2:06PM "REPRICE : 2:06 PM - Chase Better..."
	MBS Live Chat - 1:59PM "additional 70bps by end of year is what I am hearing..."
	MBS Live Chat - 1:59PM "when are they supposed to be implemented?..."
	MBS Live Chat - 1:59PM "new GFees are already on the agenda...."
	MBS Live Chat - 1:58PM "I was just going to ask the same thing, AP. New Gfees coming?..."
	MBS Live Chat - 1:56PM "new gfees?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.48%

-0.01

15 Yr FRM

2.79%

-0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.59%

-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

3.67%

0.50

-0.01

15 Yr. Fixed

2.91%

0.34

-0.01

30 Yr. Jumbo

3.77%

0.27

-0.02

30 Yr. FHA

3.37%

0.55

-0.06

5/1 ARM

2.57%

0.29

-0.01

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

104-06

+0-03

30YR FNMA 3.5

106-09

+0-02

30YR GNMA 3.0

106-00

+0-02

30YR GNMA 3.5

108-26

0-00

15YR FNMA 3.0

105-16

+0-03

15YR FNMA 2.5

104-11

+0-03

Treasuries

Yield

Change

2 YR

0.2299%

+0.0000

5 YR

0.6969%

-0.0049

10 YR

1.6984%

-0.0240

30 YR

2.8787%

-0.0290

Prices as of: 4/17/2013 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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