Daily Newsletter: Monday May 6, 2013

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30 Year Fixed

                                                                3.50%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.76%
                                                                  
                                                                +0.0206

FNMA 30YR 3.5

                                                                106-04
                                                                  
                                                                -0-00

FNMA 15YR 2.5

                                                                105-13
                                                                  
                                                                +0-01

View Today's Rates

Monday May 6, 2013

MND NewsWire - 11:36AM

MBA's Stevens: Transition Away From Conservatorship Will Never Be More Advantageous

In prepared remarks for a speech before the Mortgage Bankers Associations 2013 Secondary Market Conference on Monday MBA CEO David H. Stevens called for changes to the housing finance ...

MND NewsWire - 12:29PM

GSEs Begin Qualified Mortgage Rollout; Purchases Restricted in 2014

Freddie Mac and Fannie Mae , as directed by the Federal Housing Finance Agency ( FHFA ), took the first steps in implementation of the new " Qualified Mortgage " (QM) rules today. The ...

MND NewsWire - 1:43PM

New Delinquencies at Six-Year Low -LPS

In yet another indication that the housing market is stabilizing, Lender Processing Services (LPS) said today that new problem loan rates have fallen below 1 percent for the first time ...

MND NewsWire - 2:09PM

Schneiderman to Sue BofA, Wells Fargo Over Settlement Violations

New York Attorney General Eric Schneiderman announced at a press conference this afternoon that his office will be suing Bank of America Corp (BOA) and Wells Fargo and Co for violating ...

Latest Video

Warren Buffett: Bonds Are 'Terrible' Investment Right Now

We're Far From Investors Turning on the Fed: Zervos

Loan Officer Survey

More News from 'Around the Web'

CNBC - 2:19PM
Why QE Might Outlast Very Low Rates
Market Watch - 2:20PM
Mortgage standards stay tight: Fed survey
Reuters - 1:04PM
MBIA, Bank of America reach legal settlement: source
Washington Post - 11:52AM
Dodd-Frank is finally being implemented. Will that be enough?
CNBC - 11:50AM
As Mortgages Improve, Old Ills Still Hit Big Banks
www.voxeu.org - 10:49AM
Congressional influence as a determinant of subprime lending
CNBC - 10:44AM
New York Attorney General to Sue Bank of America, Wells Fargo, over Mortgage Practices
NAHB - 10:44AM
Improving Markets List Includes 258 Metros in May
FHFA - 10:36AM
FHFA Limiting Fannie Mae and Freddie Mac Loan Purchases to "Qualified Mortgages"
DataQuick - 2:21PM
Miami-area home sales rose for the 11th consecutive month
Bloomberg - 2:19PM
ResCap Sues Hedge Funds to Stop Demand for More Interest - Bloomberg
Bloomberg - 1:15PM
US Commercial-Property Prices Rise Above Their '07 Peak - Bloomberg
business.time.com - 1:12PM
7 "Smart" Credit Tips That Aren't
www.aei-ideas.org - 10:47AM
Washington finally waking up to Dodd-Frank's failure

Today's Comments

	MBS Live Chat - 2:17PM "on FHA what is the time frames on foreclosures / chapter 7 for a purchase..."
	MBS Live Chat - 2:19PM "3 years..."
	MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Flagstar Worse..."
	MBS Live Chat - 2:31PM "haven't run across this lately, client had a short sale 2 years ago, looking to buy now, was told he could put 20% down and buy now?..."
	MBS Live Chat - 2:33PM "MortgageMan007, the seasoning for short sale is two years for FHA if there were no mortgage lates prior to the short sale...."
	MBS Live Chat - 2:35PM "I just closed one with the date of contract to purchase just outside of 2 years of a short sale on a conventional deal..."
	MBS Live Chat - 2:35PM "had to sell "extenuating circumstances" but they had 10 90 day lates leading up to the short sale a few years ago..."
	MBS Live Chat - 2:35PM "You can do it if they have lates with the right investors..."
	MBS Live Chat - 3:17PM "REPRICE : 3:17 PM - Interbank Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.50%

+0.01

15 Yr FRM

2.75%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.61%

+0.01

5/1 Yr ARM

2.96%

+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

3.35%

0.70

-0.05

15 Yr. Fixed

2.56%

0.70

-0.05

1 Yr. ARM

2.56%

0.30

-0.06

5/1 Yr. ARM

2.56%

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

104-01

0-00

30YR FNMA 3.5

106-04

-0-00

30YR GNMA 3.0

105-24

+0-01

30YR GNMA 3.5

108-08

-0-04

15YR FNMA 3.0

105-13

+0-01

15YR FNMA 2.5

104-08

+0-01

Treasuries

Yield

Change

2 YR

0.2160%

-0.0038

5 YR

0.7370%

+0.0097

10 YR

1.7623%

+0.0206

30 YR

2.9778%

+0.0210

Prices as of: 5/6/2013 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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