Daily Newsletter: Wednesday November 7, 2012

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30 Year Fixed

                                                                3.39%
                                                                  
                                                                -0.08

15 Year Fixed

                                                                2.75%
                                                                  
                                                                -0.06

10YR Treasury

                                                                1.64%
                                                                  
                                                                -0.1083

FNMA 30YR 3.5

                                                                106-20
                                                                  
                                                                +0-10

FNMA 15YR 2.5

                                                                105-12
                                                                  
                                                                +0-03

View Today's Rates

Wednesday November 7, 2012

MND NewsWire - 4:30PM

Average Refinance Dropped Rates by 1.7% in Q3, Highest in Survey History

Americans continue to refinance with new loans the same size or smaller than the loans they are replacing. Freddie Mac's third quarter refinance analysis shows that 54 percent of homeowners ...

Mortgage Rate Watch - 2:30PM

Mortgage Rates Snap Back To Recent Lows Following Election

Although this can't be said for every lender, mortgage rates snapped immediately back to recent lows following the election results . The election's effect on rates was in the spotlight ...

MND NewsWire - 1:50PM

Rising Home Prices, Rents may Motivate More Buyers

The convergence of expectations about both rising home prices and rising rents may motivate more consumers to purchase a home in the coming months according to Fannie Mae. The company ...

Voice of Housing - 2:52PM

Now What? - A Post-Election Analysis of Potential Housing Reform

We are all hopeful about the opportunity to begin to move past the politics , and towards having bipartisan support for comprehensive housing reform that will do more than simply add ...

MND NewsWire - 2:01PM

Industry Groups React to the Re-election of President Obama

Industry issued statements in response to last night's reelection of President Barack Obama. The Mortgage Bankers Association (MBA), SIFMA and the NAHB congratulated the President on ...

Latest Video

Next Stop: The Fiscal Cliff

Fed's Impact on the Markets

Zillow Takes a Hit on Weak Guidance

More News from 'Around the Web'

Fannie Mae - 4:34PM
Fannie Mae Reports Net Income of $1.8 Billion for Third Quarter 2012
Business Week - 4:35PM
Fed QE3 May Top $1 Trillion Amid Political Impasse
Bloomberg - 3:10PM
U.S. Consumer Credit Rose More Than Forecast in September
WSJ - 2:12PM
Greenspan: U.S. Must Embrace Fiscal Responsibility
Bloomberg - 2:08PM
Former Bank of America Executives Start Heritage Realty Capital
CNBC - 1:23PM
Housing Still Precarious in Obama's Second Term
Freddie Mac - 1:22PM
Freddie Mac: 83 Percent Of Refinancing Homeowners Maintain Or Reduce Mortgage Debt In Third Quarter
Google News - 10:09AM
NAR: Metro Area Home Prices Show Stronger Increases in Third Quarter, Sales Up
SIFMA - 9:53AM
SIFMA Statement on 2012 Election Results
Fannie Mae - 9:40AM
Fannie Mae: Americans' Positive Housing Sentiment Continues Steady Climb, Suggests Solid Footing for Durable Recovery
www.freddiemac.com - 9:38AM
Freddie Mac: 98.6 Degrees - Housing Market Healing
Business Week - 7:09PM
Nationstar Mortgage returns to profit in 3Q

Today's Comments

	MBS Live Chat - 1:06PM "But expectations were sort of a moving target and the two day shift in yields has been fairly intense. I think being within 2bps on the result is acceptable, and 2.59 isn't a horrific BTC. Weakness now? yes, but not the kind that is likely to spiral out of control..."
	MBS Live Chat - 12:45PM "Scott...We face this issue quite often. Typically the insurer will simply quote the existing premium as the renewal amount if the actual renewal premium has not been determined...."
	MBS Live Chat - 12:43PM "SV - happens to me every couple of months. So frustrating as borrower's usually get a bit upset about it. However unless they give you a bill for the new one.....borrower has to get new insurance or extend the closing. Generally the agent for the borrower can get something done though...."
	MBS Live Chat - 12:43PM "if they want to keep the business, they will renew it..."
	MND NewsWire - 10:32PM "Does this mean there is criminal prosecution involved or is this another means of shaking down a bank for more penalties and fines?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.39%

-0.08

15 Yr FRM

2.75%

-0.06

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.79%

-0.09

5/1 Yr ARM

2.99%

-0.01

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.03%

0.86

+0.06

30 Yr. Fixed

3.76%

1.10

+0.02

MBA **

30 Yr. Fixed

3.65%

0.39

+0.02

15 Yr. Fixed

2.95%

0.35

-0.01

30 Yr. Jumbo

3.94%

0.36

+0.09

30 Yr. FHA

3.41%

0.76

+0.00

5/1 ARM

2.66%

0.33

-0.06

Freddie Mac **

30 Yr. Fixed

3.39%

0.70

-0.02

15 Yr. Fixed

2.70%

0.70

-0.02

1 Yr. ARM

2.58%

0.40

-0.01

5/1 Yr. ARM

2.74%

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

105-06

+0-18

30YR FNMA 3.5

106-20

+0-10

30YR GNMA 3.0

106-25

+0-21

30YR GNMA 3.5

108-29

+0-09

15YR FNMA 3.0

105-12

+0-03

15YR FNMA 2.5

104-19

+0-08

Treasuries

Yield

Change

2 YR

0.2698%

-0.0317

5 YR

0.6701%

-0.0831

10 YR

1.6388%

-0.1083

30 YR

2.8231%

-0.0964

Prices as of: 11/7/2012 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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