Daily Newsletter: Tuesday April 2, 2013

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30 Year Fixed

                                                                3.60%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.91%
                                                                  
                                                                -0.02

10YR Treasury

                                                                1.86%
                                                                  
                                                                +0.0258

FNMA 30YR 3.5

                                                                105-22
                                                                  
                                                                -0-01

FNMA 15YR 2.5

                                                                105-09
                                                                  
                                                                -0-00

View Today's Rates

Tuesday April 2, 2013

MND NewsWire - 11:08AM

Fannie Mae's Q4 and FY 2012 Income Set Company Records

Fannie Mae reported today that the company had an annual net income of $17.2 billion for FY 2012 compared to a net loss of $16.9 billion in FY 2011. This was the largest annual income ...

Pipeline Press - 5:04PM

Chase Mortgage Cutbacks; FHA MIP Clarification; Modified Loan Performance; Thoughts on the Future of Securitization

In 1981 Jimmy Carter handed the reins to Ronald Reagan. The prime rate hit 20.5% , and yes, people still bought houses. (It has been at 3.25% for the last four years.) Freddie and Fannie ...

MND NewsWire - 11:07AM

Sales of Vacation Homes Jump 10% in 2012

The improving economy is leading to mixed results for sales of non-owner occupied properties. The National Association of Realtors® (NAR) reported today that sales of vacation homes ...

Mortgage Rate Watch - 2:55PM

Mortgage Rates Near March Lows As Potential Volatility Looms

Mortgage rates held steady or improved slightly today in MOST cases, though this isn't true for every lender. The day itself was flat and uneventful for the Mortgage-backed-securities ...

Latest Video

Lockhart Predicts End of Asset Purchases

Fannie Mae Record Profit

Spring Housing Has Sprung

More News from 'Around the Web'

www.ourbroker.com - 2:41PM
Are Three Missed Payments Required For FHA Short Sales?
www.usnews.com - 2:39PM
Do Record Profits Mean An End to Fannie Mae Conservatorship?
The Atlantic - 2:39PM
Welcome to Ireland, Where Mortgage Payments Are Optional and the Banks Are a Mess
Bloomberg - 2:38PM
Kocherlakota Says Fed Could Ease Further by Clarifying QE Pledge
Market Watch - 2:37PM
Bank of America settles MBS case for $165M
Bloomberg - 2:37PM
Energy Efficient Homes Reduce Risk of Mortgage Default
CNBC - 2:36PM
Fed's Lockhart Sees Asset Purchases Ending "Later This Year or Early Next"
CNBC - 1:23PM
How Binishells Hopes to Spark a Housing Revolution
CNBC - 1:22PM
Fannie Mae In the Black, Now What?
www.fitchratings.com - 11:37AM
Freddie Mac Data Bodes Well for Private Mortgage Market
Google News - 10:23AM
NAR: 2012 Vacation Home Sales Up, Investment Dips but Stays Elevated, Prices Rise
Fannie Mae - 9:23AM
Fannie Mae Reports Largest Net Income in Company History; $17.2 Billion for 2012 and $7.6 Billion Q4
NAFCU - 9:23AM
Banks seeking appeal of FHFA suits
CNBC - 7:59AM
US Stocks Seen Up Ahead of Factory Data
CNBC - 7:59AM
Can Ten 'Wise Men' Really Save Italy?
CNBC - 7:58AM
El-Erian: Unfortunately, the Cyprus Crisis Is Not Yet Over

Today's Comments

	MBS Live Chat - 1:57PM "RTRS- FED'S LOCKHART SAYS U.S. UNEMPLOYMENT UNLIKELY TO RETURN TO 4.5 PCT LEVEL SEEN PRIOR TO CRISIS..."
	MBS Live Chat - 1:57PM "WOW..."
	MBS Live Chat - 1:57PM "Ever?..."
	MBS Live Chat - 2:06PM "forgot to comment on the FNMA record profits, guess the G Fees worked..."
	MBS Live Chat - 2:07PM "Yeah, Boyke....hard to argue it's effectiveness on profitability..."
	MBS Live Chat - 2:08PM "brilliant, maybe that's how Cyprus got the idea..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.60%

-0.01

15 Yr FRM

2.91%

-0.02

FHA 30 Year Fixed

3.30%

-0.01

Jumbo 30 Year Fixed

3.70%

+0.00

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

3.82%

0.38

+0.01

15 Yr. Fixed

3.02%

0.36

+0.01

30 Yr. Jumbo

3.95%

0.36

+0.05

30 Yr. FHA

3.53%

0.31

+0.00

5/1 ARM

3.02%

0.36

+0.01

Freddie Mac **

30 Yr. Fixed

3.57%

0.80

+0.03

15 Yr. Fixed

2.76%

0.70

+0.04

1 Yr. ARM

2.62%

0.30

-0.01

5/1 Yr. ARM

2.68%

0.60

+0.07

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

103-07

-0-03

30YR FNMA 3.5

105-22

-0-01

30YR GNMA 3.0

104-19

-0-03

30YR GNMA 3.5

107-21

-0-02

15YR FNMA 3.0

105-09

-0-00

15YR FNMA 2.5

103-29

-0-00

Treasuries

Yield

Change

2 YR

0.2421%

-0.0001

5 YR

0.7724%

+0.0160

10 YR

1.8624%

+0.0258

30 YR

3.0999%

+0.0216

Prices as of: 4/2/2013 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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