Daily Newsletter: Thursday April 25, 2013

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30 Year Fixed

                                                                3.48%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.79%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.71%
                                                                  
                                                                +0.0067

FNMA 30YR 3.5

                                                                106-11
                                                                  
                                                                -0-00

FNMA 15YR 2.5

                                                                105-17
                                                                  
                                                                0-00

View Today's Rates

Thursday April 25, 2013

MND NewsWire - 4:15PM

Battle Over Mortgage Interest Deduction Continues in House Committee

The House Ways and Means Committee heard a wide variety of opinions today at a hearing on housing tax incentives . Representatives of the housing, building and real estate industries ...

MND NewsWire - 9:48AM

Zillow: "Unsustainable" Home Price Appreciation Cooling Down

Zillow® said today there are signs that the rapid appreciation of home values that has been evident for some months is moderating . The company's Home Value Index (ZHVDI) rose 5 ...

Mortgage Rate Watch - 3:18PM

Mortgage Rates Almost Perfectly Flat For Eight Consecutive Days

Mortgage rates were microscopically higher today, doing very little to change the pervasive theme of narrow, sideways movement this week. In fact, today's rates are almost perfectly ...

MND NewsWire - 2:13PM

Core-Logic Acquires Case-Shiller

CoreLogic, an Irvine, California based provider of property information, analytics and services, announced today that it had acquired Case-Shiller from Finserv, Inc. on March 20, 2013 ...

Latest Video

Bond Market Send `All Clear' Signal in Europe

Struggling Homeowners Still Default

CBOE Delays Trading Due to System Outage

More News from 'Around the Web'

Reuters - 8:49AM
Jobless claims fall, labor market recovery advances
www.corelogic.com - 11:34AM
CoreLogic Acquires Case-Shiller
NAHB - 12:26PM
Remodeler Confidence Dips in First Quarter 2013
Market Watch - 12:35PM
CBOE halts options trade over tech problem
CNBC - 12:36PM
CBOE Delays Options Trading Due to System Outage
CNBC - 2:35PM
Call This Market Surge the Anti-Austerity Rally
Reuters - 2:38PM
Lawmakers, economists spar over "wasteful" mortgage tax break
Washington Post - 2:38PM
Higher revenues, lower spending might mean debt limit breather
The Basis Point - 2:48PM
What Kind of Improvements Are Homeowners Making (INFOGRAPHIC)
Google News - 3:25PM
Realtors® Urge Preserving of Homeownership Tax Policies
SIFMA - 4:45PM
Update: Eminent Domain Still a Bad Idea
CNBC - 12:26PM
Despite Rising Demand, Some Builders Slow Production
NAHB - 12:26PM
Housing Tax Incentives Critical to Maintain Thriving Middle Class, NAHB Tells Congress
www.aei-ideas.org - 11:27AM
Would Janet Yellen as Fed boss be the right dove at the right time?
CNBC - 11:25AM
More Money Printing? Here's How it Could Happen

Today's Comments

	MND NewsWire - 9:48AM "Agree as well! I can't imagine there will be many in the money borrowers still eligible by the end of the year unless there is an expansion to eligibility. Hopefully that's in the works. Otherwise why do this surprise 2yr extension out of nowhere?..."
	MBS Live Chat - 1:52PM "Can anyone shed any light on HUD's take on contracted employment starting in the fall (doctor beginning residency) I'm trying to make a case for a manual underwrite with a contract from the university that will employ him. My Co is GNMA direct so I have a shot if I can show some HUD guidance. I'm having..."
	MBS Live Chat - 1:57PM "MW - don't know about HUD, but F/F i can close 59 days prior to starting work..."
	MBS Live Chat - 1:59PM "MW, 4155.1 4.E.5.d..."
	MBS Live Chat - 2:00PM "Projected Income for a New Job Projected income is acceptable for qualifying purposes for a borrower scheduled to start a new job within 60 days of loan closing if there is a guaranteed, non-revocable contract for employment. The lender must verify that the borrower will have sufficient income or cash..."
	MBS Live Chat - 1:01PM "RTRS- U.S. SELLS $29 BLN 7-YEAR NOTES AT HIGH YIELD 1.155 PCT, AWARDS 97.57 PCT OF BIDS AT HIGH..."
	MBS Live Chat - 1:02PM "RTRS- U.S. 7-YEAR NOTES BID-TO-COVER RATIO 2.71, NON-COMP BIDS $11.65 MLN..."
	MBS Live Chat - 1:02PM "very nice..."
	MBS Live Chat - 1:02PM "RTRS- US TREASURY - PRIMARY DEALERS TAKE $11.89 BLN OF 7-YEAR NOTES SALE, INDIRECT $11.38 BLN..."
	MBS Live Chat - 1:03PM "yes, good auction. A-..."
	MBS Live Chat - 1:05PM "santelli gave it a b+..best auction of week..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.48%

+0.01

15 Yr FRM

2.79%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.58%

+0.00

5/1 Yr ARM

2.99%

-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

3.67%

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

3.40%

0.80

-0.01

15 Yr. Fixed

2.61%

0.70

-0.03

1 Yr. ARM

2.62%

0.30

-0.01

5/1 Yr. ARM

2.58%

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

104-09

+0-00

30YR FNMA 3.5

106-11

-0-00

30YR GNMA 3.0

105-30

-0-02

30YR GNMA 3.5

108-22

-0-02

15YR FNMA 3.0

105-17

0-00

15YR FNMA 2.5

104-11

+0-00

Treasuries

Yield

Change

2 YR

0.2308%

+0.0000

5 YR

0.7110%

+0.0207

10 YR

1.7080%

+0.0067

30 YR

2.9060%

+0.0137

Prices as of: 4/25/2013 4:32PM 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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