Daily Newsletter: Monday October 1, 2012

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30 Year Fixed

                                                                3.33%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.75%
                                                                  
                                                                0.00

10 Year Treasury

                                                                1.6163%
                                                                  
                                                                -0.0155

FNMA 30YR 3.5

                                                                107-13
                                                                  
                                                                +0-05

FNMA 15YR 2.5

                                                                106-02
                                                                  
                                                                +0-02

View Today's Rates

October 1, 2012

MND NewsWire - 10:23AM

Fed Study Points to Wisdom of Further HARP Enhancements

Economists have been debating the value versus risk of expanded refinancing opportunities since the early days of the housing crisis. Proponents argue that refinancing would free up ...

MND NewsWire - 12:40PM

NMLS Revises Reporting System; Conveys more Disciplinary, Credit Info

The National Mortgage Licensing System (NMLS) is upgrading its reporting system with a number of enhancements, many of which seem aimed at keeping employers informed of their mortgage ...

Mortgage Rate Watch - 2:19PM

Mortgage Rates Begin The Week In Slightly Better Territory

Mortgage rates moved gently lower to begin the week (and month), ending a two day run toward higher rates on Thursday and Friday. Trading levels in the secondary mortgage market began ...

Pipeline Press - 9:43AM

CFPB Update on Credit Reporting; NMLS Changes for LO's; USDA Rural News; Non-depositories Continue to Buy Servicing

This one from an AE in a "red state": Q: Do you know what the difference is between conservatives and progressives? A: About $16 trillion! Trillions - kind of like the money that Taylor ...

Latest Video

Bernanke Takes Questions About Economy, Fed Policy

Fed's Evans: We Need to Focus on Dual Mandate

Santelli's Midday Bond Report

More News from 'Around the Web'

OCC - 4:50PM
OCC Releases CRA Evaluations for 31 National Banks and Federal Savings Associations
NAR - 4:48PM
NAR: Residential Sales to Investors is 18% of Residential Market
Business Week - 3:58PM
Ex-IndyMac CEO Michael Perry Settles With SEC for $80000
Market Watch - 12:44PM
The Fed: Bernanke takes on critics of QE3
Reuters - 3:57PM
Exclusive: Spain ready for bailout, Germany signals "wait"- sources
Business Week - 11:58AM
Morgan Stanley Mortgage Sued for $110 Million Over Loans
WSJ - 12:07PM
How Joseph Stiglitz Misread the Risks at Fannie Mae
NAR - 9:10AM
Time on Market: 32% of Houses Sold in One Month
Reuters - 5:48PM
Long toxic, mortgages now seen boosting U.S. bank results

Today's Comments

	MBS Live Chat - 12:49PM "Not thinking that Fannie will require ALL revolving debt to be paid off (or prove enough assets available to pay off) prior to closing. Gonna go with the deliquent obligation angle...."
	MBS Live Chat - 12:49PM "the requirement is for 30 day accounts only (need to show assets to cover payoff or proof tyhat is is $0 balanced)..."
	MBS Live Chat - 12:55PM "RTRS - EUROPE TO TELL G7 THAT U.S. FISCAL CLIFF IS A RISK TO GLOBAL ECONOMY-DOCUMENT..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.33%

-0.02

15 Yr FRM

2.75%

0.00

FHA 30 Year Fixed

3.25%

0.00

Jumbo 30 Year Fixed

3.83%

-0.01

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

2.97%

1.12

-0.14

30 Yr. Fixed

3.74%

1.20

-0.10

MBA **

30 Yr. Fixed

3.36%

0.41

-0.36

15 Yr. Fixed

2.98%

0.41

-0.05

30 Yr. Jumbo

3.87%

0.33

-0.12

30 Yr. FHA

3.44%

0.41

-0.06

5/1 ARM

2.61%

0.41

0.00

Freddie Mac **

30 Yr. Fixed

3.40%

0.60

-0.09

15 Yr. Fixed

2.73%

0.60

-0.04

1 Yr. ARM

2.60%

0.40

-0.01

5/1 Yr. ARM

2.71%

0.60

-0.05

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

105-25

+0-08

30YR FNMA 3.5

107-13

+0-05

30YR GNMA 3.0

107-11

+0-08

30YR GNMA 3.5

109-25

+0-06

15YR FNMA 3.0

106-02

+0-02

15YR FNMA 2.5

105-09

+0-06

Treasuries

Yield

Change

2 YR

0.2382%

+0.0039

5 YR

0.6155%

-0.0063

10 YR

1.6163%

-0.0155

30 YR

2.8073%

-0.0165

Prices as of: 10/1/2012 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.

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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