Daily Newsletter: Tuesday April 9, 2013

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30 Year Fixed

                                                                3.52%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                2.84%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.75%
                                                                  
                                                                +0.0067

FNMA 30YR 3.5

                                                                106-08
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                105-14
                                                                  
                                                                +0-01

View Today's Rates

Tuesday April 9, 2013

MND NewsWire - 2:26PM

Foreclosure Settlement Payments Range from $300 up to $125,000

Homeowner beneficiaries of the recent settlement agreement made by the Comptroller of the Currency (OCC) and the Federal Reserve Board with 13 mortgage servicers can expect to begin ...

MND NewsWire - 5:31PM

HARP Continues to Attract Seriously Underwater Borrowers

Freddie Mac and Fannie Mae (the GSEs) refinanced a total of 97,589 mortgages through the Home Affordable Refinance Program ( HARP ) in January compared to 76,460 HARP refinances in ...

MND NewsWire - 3:07PM

Five Servicers Attain Four STAR Level in Fannie Mae Program

Fannie Mae's Servicer Total Achievement and Rewards Program (STAR) hit a new milestone in 2012. For the first time since the award was initiated in 2010, servicers have achieved four ...

MND NewsWire - 11:25AM

Further State Involvement in Mortgage Servicing Needed to Prevent Foreclosures

Two consumer advocacy groups have outlined how state lawmakers can bolster safeguards to prevent unnecessary foreclosures . The Center for Responsible Lending (CRL) and Consumers Union ...

Latest Video

Treasury Sells $32 Billion In 3-Year Notes

Fed's Bullard: 'I Have Worried About Hysteresis'

We Decided to Exit Fannie and Freddie: Bass

More News from 'Around the Web'

SEC - 3:15PM
SEC Announces Panelists for Roundtable on Fixed Income Markets
Bloomberg - 3:02PM
Bass Says Japan Bondholders' Reaction to Stimulus Telling - Bloomberg
Bloomberg - 2:32PM
New York Fed Says Asset Programs Did Not Disrupt Markets in 2012
CNBC - 2:30PM
Home Builder Stocks Soar as Housing Battles Back
FHFA - 2:29PM
FHFA: Refinance Volume Remains Strong Through January
www.mersinc.org - 11:54AM
Montana Court: "Law Permits MERS to Act as Nominee for the Lender"
www.aei.org - 11:54AM
Pinto: On Fannie Mae's comeback story
The Big Picture - 11:54AM
Whistleblower Report on Bank of America Foreclosures
S&P/Case Shiller - 11:54AM
A Housing Recovery Is Buttressing U.S. Homebuilders' Credit Quality
OCC - 10:53AM
Payments to 4.2 Million Borrowers Covered by Foreclosure Agreement to Begin April 12
Fannie Mae - 10:52AM
Fannie Mae Announces STAR Program 2012 Annual Results
CNBC - 9:03AM
I'd Be Willing to Scale Back QE: Fed's Bullard
CNBC - 8:58AM
Fed's Bullard: Still Projecting Unemployment Down Near 7% By End Of 2013, Despite March Jobs Report
Bloomberg - 7:39AM
Detroit Homes Rot as Appraisals Stopping Sales
CNBC - 7:32AM
Slovenia Faces 'Severe Banking Crisis': OECD
Bloomberg - 11:03PM
Fed's Yellen Seen as Likely Bernanke Successor, ISI Survey Says
Bloomberg - 11:03PM
Kill the 30-Year Mortgage - Bloomberg

Today's Comments

	MBS Live Chat - 3:25PM "FHA needs revenues, and they want a full 1.75 upfront MIP's to replenish their account, so I doubt they will do this...."
	MBS Live Chat - 3:35PM "Not to mention the bargain 1.35% annual MIP...."
	MBS Live Chat - 3:35PM "If that's holding them back, they should modify it to 1.75 up front and allow borrowers to keep the existing annual rate. Compromise that helps both borrowers and HUD...."
	MBS Live Chat - 1:12PM "I'm gonna go out on this fairly sturdy limb and say no one really cares too much about about 2's/3's yet. So "weak 3yr auction," is just sort of a factoid without much impact on MBS or even the longer end of the curve..."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.52%

+0.02

15 Yr FRM

2.84%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.66%

+0.02

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

3.76%

0.43

-0.03

15 Yr. Fixed

2.99%

0.36

-0.03

30 Yr. Jumbo

3.85%

0.37

-0.05

30 Yr. FHA

3.48%

0.38

-0.03

5/1 ARM

2.60%

0.32

+0.02

Freddie Mac **

30 Yr. Fixed

3.54%

0.80

-0.03

15 Yr. Fixed

2.74%

0.70

-0.02

1 Yr. ARM

2.63%

0.40

+0.01

5/1 Yr. ARM

2.65%

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

104-03

0-00

30YR FNMA 3.5

106-08

+0-01

30YR GNMA 3.0

105-18

-0-01

30YR GNMA 3.5

108-15

+0-01

15YR FNMA 3.0

105-14

+0-01

15YR FNMA 2.5

104-10

-0-01

Treasuries

Yield

Change

2 YR

0.2341%

+0.0040

5 YR

0.6988%

-0.0048

10 YR

1.7502%

+0.0067

30 YR

2.9377%

+0.0269

Prices as of: 4/9/2013 4:27PM 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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