Daily Newsletter: Thursday October 11, 2012

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30 Year Fixed

                                                                3.39%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                2.76%
                                                                  
                                                                -0.03

10YR Treasury

                                                                1.67%
                                                                  
                                                                -0.0104

FNMA 30YR 3.5

                                                                106-21
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                105-24
                                                                  
                                                                +0-04

View Today's Rates

October 11, 2012

Mortgage Rate Watch - 2:56PM

Mortgage Rates Improve For The First Time In A Week

Mortgage rates finally improved on Thursday after moving sideways or higher since last Thursday. The drop in rates/costs was broad-based with less of the stratification between lenders ...

MBS Commentary - 4:21PM

MBS RECAP: Building On Yesterday's Gains, Coming To Crossroads

MBS Live : MBS Afternoon Market Summary Although bond markets leaked casually into weaker territory overnight and despite the hiccups caused by the curiously strong (but later explained ...

MND NewsWire - 10:03AM

Foreclosure Activity at Lowest Level in 5 Years; Severe Problems Continue in Some States

Foreclosure activity nationwide fell to the lowest level in September since almost the beginning of the foreclosure crisis according to RealtyTrac's U.S. Foreclosure Market Report released ...

Pipeline Press - 9:30AM

H&R Block Bank on the Block Due to Dodd Frank; Fitch Doesn't Like Ocwen Deal; Mortgage Jobs

Welcome to 10/11/12...how many times do us adults get a chance at a date like that here in the U.S.? I guess once a year up until 2014. On the job front, Dallas' Caliber Funding LLC ...

Latest Video

Santelli: Initial Jobless Claims 'Dropped Like a Rock'

Bank of America's Moynihan on U.S. Housing, Deficit

ReFi Nation Money Trail

More News from 'Around the Web'

CNBC - 4:37PM
Banks Still Raising Fees-and Hiding Them: Study
The Big Picture - 1:40PM
Housing Recovery in Perspective
www.mersinc.org - 12:07PM
MERS' Role as Beneficiary Consistently Upheld by Federal Courts in Idaho
Business Week - 11:57AM
Consumer Groups Ask CFPB to Scrap Mortgage Rules as Inadequate
Business Week - 10:42AM
Fed's Stein Says Benefits of Mortgage Debt Buying Outweigh Risks
Freddie Mac - 10:04AM
Freddie Mac: Mortgage Rates Change Little Following Employment Report
Business Week - 9:11AM
Challenge to use of mortgage settlement rejected
The Big Picture - 8:23AM
Why Have Obama And Romney Ignored the Housing and Real Estate Market?
Business Week - 8:20AM
California Leading US Out of Housing Bust

Today's Comments

	MND NewsWire - 9:08AM "Exactly Frank. It is not the appraisal killing the deal...."
	MND NewsWire - 6:33PM "Appraisals are killing sales, or unrealistic prices are being negotiated between buyers and sellers and their agents?..."
	MND NewsWire - 12:06AM "Ummm--wow--it took you 3 months to respond to my post and that's the best you can do? Where do I implicate or blame ignorant consumers? The financially unsophisticated consumer was a victim of a complex housing ponzi scheme hard sold on the premise that 'house values always go up" and perpetuated and..."

Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.39%

-0.04

15 Yr FRM

2.76%

-0.03

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.79%

-0.14

5/1 Yr ARM

3.02%

+0.02

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

3.56%

0.39

+0.03

15 Yr. Fixed

2.88%

0.40

-0.02

30 Yr. Jumbo

3.74%

0.40

-0.08

30 Yr. FHA

3.34%

0.71

-0.03

5/1 ARM

2.60%

0.36

+0.01

Freddie Mac **

30 Yr. Fixed

3.39%

0.70

+0.03

15 Yr. Fixed

2.70%

0.60

+0.01

1 Yr. ARM

2.59%

0.40

+0.02

5/1 Yr. ARM

2.73%

0.60

+0.01

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

105-10

+0-05

30YR FNMA 3.5

106-21

+0-02

30YR GNMA 3.0

106-29

+0-04

30YR GNMA 3.5

108-31

+0-03

15YR FNMA 3.0

105-24

+0-04

15YR FNMA 2.5

104-32

+0-05

Treasuries

Yield

Change

2 YR

0.2699%

+0.0080

5 YR

0.6586%

+0.0048

10 YR

1.6681%

-0.0104

30 YR

2.8467%

-0.0365

Prices as of: 10/11/2012 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.

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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