Daily Newsletter: Thursday November 29, 2012

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30 Year Fixed

                                                                3.38%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.62%
                                                                  
                                                                -0.0136

FNMA 30YR 3.5

                                                                106-19
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                105-13
                                                                  
                                                                +0-01

View Today's Rates

Thursday November 29, 2012

MND NewsWire - 9:04AM

FHFA's DeMarco Optimistic About Recovery, Eager To Define Future Role Government

Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency ( FHFA ), told members of the Exchequer Club in Washington, DC on Wednesday that, in contrast to how they are ...

MND NewsWire - 1:46PM

Conforming Loan Limits Remain at 2012 Levels

The maximum dollar limits for conforming mortgage loans will remain unchanged for Freddie Mac and Fannie Mae in 2013 . The GSEs' conservator, the Federal Housing Finance Agency (FHFA ...

MND NewsWire - 9:23AM

Letters seek Congressional Action on Expiring Mortgage Forgiveness Debt Relief Act

Three financial services and consumer advocacy groups have joined to send letters to the House and Senate urging them to preserve the temporary tax exemptions for forgiven debt . The ...

Mortgage Rate Watch - 2:39PM

Mortgage Rates Mixed Depending On Lender, Sideways Overall

Mortgage rates moved slightly higher on Thursday , depending on the lender, and whether or not they released negatively revised rate sheets yesterday. Today, some lenders released positively ...

Pipeline Press - 10:19AM

Cloud-based Mortgage Valuation; SEC Drops Wells Fargo Inquiry; More on CFPB Exams from OB

Better to be approximately right than precisely wrong. And a lot of neighborhoods are trying new things in real estate - thanks to Tony B. for this. It is an example of locals financing ...

Latest Video

Santelli Takes on GSEs

Sen. Reid: 'We Are Not Going to Kick the Can Down the Road'

Fed's Dudley: Sandy Not Expected to Derail Expansion

More News from 'Around the Web'

CNBC - 4:08PM
This Will Be a 'Grind-It-Out Recovery': Housing Exec
NMLS - 4:04PM
NMLS State and Federal Q3 Reports Released
FHFA - 11:42AM
Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac to Remain Unchanged in 2013
House Financial Services - 11:06AM
Hearings on Derivatives, Volcker Rule Announced for December
WSJ - 10:55AM
Fed Will Stay The Course' With Stimulus Efforts, Dudley Says
www.americanprogress.org - 10:49AM
The Federal Housing Finance Agency Shouldn't Punish Borrowers for State Foreclosure Timelines
blog.hud.gov - 10:47AM
HUD Secretary Shaun Donovan Visits Communities Impacted By Hurricane Sandy
Bloomberg - 10:39AM
Fed Reports Record $69.4 Billion Profit for Year Through Sept.
Freddie Mac - 10:09AM
Freddie Mac: Mortgage Rates Virtually Unchanged
Bloomberg - 8:32AM
Wells Fargo Says SEC Concludes Probe of Mortgage Bonds

Today's Comments

	Community Commentary - 12:56PM "I couldn't agree more with the synopsis. HUD is going to push the stronger borrowers into conventional programs and leave HUD with the riskier and riskiest borrowers. I'm not quite sure what they are thinking. The proper thing to do would be to tighten credit underwriting to reduce the acceptance of..."
	MND NewsWire - 12:43PM "So you are a current disgruntled originator--or simply a "consultant" who sits in judgment over other peoples work with no originating experience yourself? Your angry rantings have no substance and require no constructive though, and coupled with an anonymous bio and history, your posting simply reveals..."
	Pipeline Press - 7:09PM "Why not allow post 6/09 FHA borrowers to refinance, pay 1.5% UFMIP and grandfather their current monthly MI? This would create a major influx of quick cash and keep premiums being paid monthly. The premium at 3.25% covers that upfront and all other costs so it savings borrower approximately +1% in interest..."
	MND NewsWire - 1:18PM "You need to take with a grain of salt those studies you are citing especially the HUD study that basically said getting a "no cost loan" was a big money saver as I read it and it is horribly flawed. This points to another problem and that is having people with no training, knowledge, experience writing..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.38%

+0.01

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.58%

+0.01

5/1 Yr ARM

3.01%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.91%

0.89

-0.12

30 Yr. Fixed

3.62%

1.22

-0.14

MBA **

30 Yr. Fixed

3.53%

0.40

-0.01

15 Yr. Fixed

2.89%

0.35

+0.00

30 Yr. Jumbo

3.75%

0.31

-0.01

30 Yr. FHA

3.36%

0.65

+0.00

5/1 ARM

2.60%

0.37

-0.02

Freddie Mac **

30 Yr. Fixed

3.32%

0.80

+0.01

15 Yr. Fixed

2.64%

0.60

+0.01

1 Yr. ARM

2.56%

0.50

+0.00

5/1 Yr. ARM

2.72%

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

105-02

+0-01

30YR FNMA 3.5

106-19

+0-01

30YR GNMA 3.0

106-17

+0-01

30YR GNMA 3.5

108-22

+0-04

15YR FNMA 3.0

105-13

+0-01

15YR FNMA 2.5

104-16

-0-00

Treasuries

Yield

Change

2 YR

0.2578%

-0.0040

5 YR

0.6314%

-0.0007

10 YR

1.6216%

-0.0136

30 YR

2.7995%

-0.0039

Prices as of: 11/29/2012 4:31PM 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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