Daily Newsletter: Monday May 13, 2013

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30 Year Fixed

                                                                3.63%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                2.81%
                                                                  
                                                                +0.02

10YR Treasury

                                                                1.91%
                                                                  
                                                                +0.0156

FNMA 30YR 3.5

                                                                105-13
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                105-05
                                                                  
                                                                -0-01

View Today's Rates

Monday May 13, 2013

MND NewsWire - 12:46PM

Realtor Income Increases 24.6 Percent in 2012

Realtors saw an increase in their income in 2012 for the second year in a row after nine straight years of losing ground The National Association of Realtors® (NAR) said today. ...

MND NewsWire - 11:08AM

Housing Headlines Mask Unsettling Trends

In its April Housing Data Wrap-Up Wells Fargo's economists summarize the nation's housing picture: "While most of the housing-related headline numbers continue to improve, the underlying ...

Mortgage Rate Watch - 4:01PM

Mortgage Rates At 8 Week Highs

Mortgage rates continued higher to begin the week, carrying some momentum from Friday's rapid move higher and taking new cues from a stronger-than-expected Retail Sales report this ...

MBS Commentary - 4:49PM

MBS RECAP: Mostly Narrow After Minor Morning Volatility

MBS Live : MBS Afternoon Market Summary This morning's Retail Sales report was only a small contributor to a sell-off that took it's more meaningful cues both from overnight trading ...

Latest Video

Santelli's Midday Bond Report

Zandi Says Fed QE Exit Still 6 to 9 Months Away

Cashin: Bond Vigilantes Coming Back?

More News from 'Around the Web'

freddiemac.mwnewsroom.com - 4:34PM
Freddie Mac Announces Immediate Availability of Streamlined Modification for Delinquent Borrowers
NMLS - 2:19PM
NMLS Industry Webinar: State-Licensed Companies Managing MLOs in NMLS
WSJ - 1:21PM
Real-Estate News: Foreclose-Pact Miscues Put Firm on Hot Seat
Reuters - 1:18PM
Bernanke to speak on economy to Congress on May 22
Google News - 11:36AM
NAR Member Survey Shows Realtor® Business and Income Continue to Improve
WSJ - 10:25AM
Worst of Euro-Zone Crisis Not Yet Over
Reuters - 9:34AM
Housing improvement may herald return of U.S. workforce mobility
CNBC - 9:31AM
US Retail Sales Get Lift From Autos, Construction
CNBC - 9:31AM
JPM's Dimon May Quit If This Happens
NY Fed - 10:21AM
New York Fed Finds Access to Credit Remains Growth Challenge for Regional Small Businesses
Reuters - 8:11AM
Insight: Housing improvement may herald return of U.S. workforce mobility
CNBC - 8:10AM
How Fed Could Increase QE, Not Taper It
Reuters - 12:27AM
Libor likely to be replaced by a dual-track system: FT
Bloomberg - 2:20PM
Cyprus Gets First Aid Tranche as Greece Cash Backed by Ministers - Bloomberg
Bloomberg - 1:38PM
Fed Researchers Say Labor Participation May Stay Low for Years - Bloomberg

Today's Comments

	MBS Live Chat - 2:47PM "i just got the oddest email from a realtor...What are the exact FHA guidelines for an EXISTING well when it comes to well flow and pressure?..."
	MBS Live Chat - 3:04PM "http://portal.hud.gov/hudportal/documents/huddoc?id=aprval.pdf - page 7 A pump test indicating a flow of at least 3-5 gallons per minute supply for an existing well, and 5 gallons per minute for a new well..."
	MBS Live Chat - 3:22PM "Kent - that link says you need a well test for New Construction...."
	MBS Live Chat - 3:22PM "i can look later but i'm pretty sure HUD handbook does not require a well test neither quality nor quantity..."
	MBS Live Chat - 3:46PM "Jason, New construction requirements are the first section of the FAQs... the Utilities section which contains the Well & Septic information is a few pages further in... look on page 7..."
	MBS Live Chat - 3:48PM "the FAQs were revised 1/24/2013..."
	MBS Live Chat - 3:49PM "The section quoted from page 7 refers to dug wells. As opposed to drilled wells, ostensibly...."
	MBS Live Chat - 3:49PM "the requirement is for Dug Wells, I am not sure what type of well the referring to..."
	MBS Live Chat - 3:50PM "starts with IF and I guess i just dont need them becuase it's not on any of my commits..."
	MBS Live Chat - 3:50PM "dug as opposed to drilled..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.63%

+0.04

15 Yr FRM

2.81%

+0.02

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.73%

+0.04

5/1 Yr ARM

3.00%

+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

3.42%

0.70

+0.07

15 Yr. Fixed

2.61%

0.70

+0.05

1 Yr. ARM

2.53%

0.40

-0.03

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

102-30

-0-06

30YR FNMA 3.5

105-13

-0-05

30YR GNMA 3.0

104-19

-0-08

30YR GNMA 3.5

107-20

-0-03

15YR FNMA 3.0

105-05

-0-01

15YR FNMA 2.5

103-23

-0-04

Treasuries

Yield

Change

2 YR

0.2408%

+0.0001

5 YR

0.8214%

+0.0049

10 YR

1.9138%

+0.0156

30 YR

3.1233%

+0.0274

Prices as of: 5/13/2013 4:31PM 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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