Daily Newsletter: Tuesday October 23, 2012

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30 Year Fixed

                                                                3.44%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                2.81%
                                                                  
                                                                -0.02

10YR Treasury

                                                                1.76%
                                                                  
                                                                -0.0298

FNMA 30YR 3.5

                                                                106-11
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                105-14
                                                                  
                                                                +0-02

View Today's Rates

October 23, 2012

MND NewsWire - 4:36PM

QE3 Moves Freddie Mac Economists to Revisit Projections

Freddie Mac is revisiting its economic projections for the remainder of 2012 and 2013 due to the announcement by the Federal Reserve of its Maturity Extension Program known as " QE3 ...

Mortgage Rate Watch - 2:39PM

Best Day For Mortgage Rates In Over A Week

It's a testament to the persistence of the recent move higher that mortgage rates experienced their best day in over a week on Tuesday. Reason being: the improvements weren't anything ...

MND NewsWire - 1:52PM

MBA: Quirky, Inconsistent State Mortgage Laws Could Benefit from Standardization

The recent crisis in housing with its attendant foreclosure issues has underscored how different the laws relating to consumer protection, foreclosures, professional licensing and other ...

Pipeline Press - 2:03PM

MBA Conference Buzz; Comments on Gfees; How to Pick a Broker-dealer

Wanna little scoop from this conference in Chicago? Try this one: Wells Fargo has added operational capacity to its current operations centers to handle its correspondent business and ...

Latest Video

Top Regulator Talks Reform at SIFMA

Santelli Draws 'Post-Bernanke' Conclusion

SEC at `Good Pace' on Dodd Frank, Schapiro Says

More News from 'Around the Web'

CNBC - 3:25PM
'I'm Quite Concerned About Fiscal Cliff': Greenspan
Freddie Mac - 1:21PM
Freddie Mac: October 2012 U.S. Economic And Housing Market Outlook
Fannie Mae - 11:50AM
Fannie Mae Streamlines Offer Process on HomePath Properties
Reuters - 11:27AM
Fair housing group adds to its BofA discrimination complaint
The Big Picture - 9:14AM
Investor Participation in the Home-Buying Market
Business Week - 8:05AM
DeMarco Shrinks Fannie-Freddie Without Help From Congress
CNN - 8:03AM
Latest in mortgage fraud: Flopping
Business Week - 8:03AM
US Banks Say Regulators Should Rewrite Basel III Capital Rules
Washington Post - 10:34PM
Housing picture: 65 percent of markets worse off than before the bust

Today's Comments

	MND NewsWire - 12:50PM "If you got a business, You didn't build that, someone helped you build that business. If you got a house, you didn't buy that, someone helped you buy it. Welcome to the housing markets driven by .gov/big banks and new asset/loan protection. If the banks/gov want to limit purchases loans then do it through..."
	MND NewsWire - 11:53AM "Government Worker = Oxymoron..."

Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.44%

-0.04

15 Yr FRM

2.81%

-0.02

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.84%

-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

2.97%

1.12

-0.14

30 Yr. Fixed

3.74%

1.20

-0.10

MBA **

30 Yr. Fixed

3.57%

0.44

+0.01

15 Yr. Fixed

2.87%

0.39

-0.01

30 Yr. Jumbo

3.81%

0.42

+0.07

30 Yr. FHA

3.34%

0.82

+0.00

5/1 ARM

2.59%

0.35

-0.01

Freddie Mac **

30 Yr. Fixed

3.37%

0.70

-0.02

15 Yr. Fixed

2.66%

0.60

-0.04

1 Yr. ARM

2.60%

0.40

+0.01

5/1 Yr. ARM

2.75%

0.60

+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

104-22

+0-04

30YR FNMA 3.5

106-11

+0-02

30YR GNMA 3.0

106-03

+0-03

30YR GNMA 3.5

108-16

+0-03

15YR FNMA 3.0

105-14

+0-02

15YR FNMA 2.5

104-17

+0-05

Treasuries

Yield

Change

2 YR

0.2905%

-0.0162

5 YR

0.7559%

-0.0178

10 YR

1.7590%

-0.0298

30 YR

2.9025%

-0.0363

Prices as of: 10/23/2012 4:29PM 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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