Daily Newsletter: Monday December 10, 2012

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30 Year Fixed

                                                                3.37%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.62%
                                                                  
                                                                -0.0086

FNMA 30YR 3.5

                                                                106-27
                                                                  
                                                                +0-04

FNMA 15YR 2.5

                                                                105-17
                                                                  
                                                                +0-03

View Today's Rates

Monday December 10, 2012

MND NewsWire - 3:30PM

FHFA's DeMarco to be Replaced Early Next Year: WSJ

The Wall Street Journal is reporting that the Obama Administration is planning to name a permanent Director of the Federal Housing Finance Agency, perhaps as soon as the beginning of ...

MND NewsWire - 9:40AM

Watchdog Calls for Tighter Leash on Fannie, Freddie Compensation

The compensation paid to executive officers of the two government sponsored enterprises ( GSEs ) Freddie Mac and Fannie Mae has generated a lot of attention both from the media and ...

MND NewsWire - 11:09AM

Housing Survey Reports Significant Increase Seller Optimism

Fannie Mae's National Housing Survey for November shows increasing confidence among Americans about the nation's housing market and the direction of the overall economy. Exactly half ...

Pipeline Press - 11:22AM

The Latest on MBA and LO Wage Lawsuit; FDIC Institutions Making Some Coin; Basic QC Manual

"Rob, I am on the board of directors of a bank. Is there a guide or manual that would help me understand what the QC gal is talking about during presentations?" Sexist comments aside ...

Latest Video

Is Your Mortgage Dangling on the 'Cliff?'

What's the Real Story Behind U.S. Housing?

Santelli's Midday Bond Report

More News from 'Around the Web'

WSJ - 4:17PM
Freddie Mac: Mortgage Rates to Stay Low, Property Values to Rise in 2013
Business Week - 1:50PM
Wells Fargo Adds Freddie Mac's Reiter for Loan Research
blogs.wsj.com - 12:24PM
White House Seeking New Regulator for Fannie, Freddie
phx.corporate-ir.net - 11:14AM
Novemeber Mortgage Insurance Issuance from MGIC
www.freddiemac.com - 9:42AM
Fredde Mac Chief Economist: Peering into 2013
CNBC - 9:43AM
'40% Chance' of Fiscal Cliff Deal Before Year End: Bowles
Fannie Mae - 9:16AM
Fannie Mae: Improving Consumer Attitudes Suggest Continued Strength in Housing Market
Bloomberg - 7:58AM
Homebuilders Boom as Lending Masks Uneven Recovery
CNBC - 11:53PM
Mortgage Crisis Presents a New Headache for Banks
Business Week - 11:50PM
Basel Liquidity Rule May Be Watered Down Amid Crisis Concerns

Today's Comments

	MND NewsWire - 11:03PM "Servicer/Master Servicer is the key! It would be advantageous this time to properly construct and approve Adequate servicing operations that Service loans from construction through conduit operations and in-house methods. That can integrate their Technology platform to master Service: 1. Verify all documentation..."
	MND NewsWire - 7:15PM "The government has not demonstrated that it can not balance any sort of budget and therefore they do not deserve any additional money to try and do so...."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.37%

-0.01

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.57%

-0.01

5/1 Yr ARM

3.01%

-0.02

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

3.52%

0.41

-0.01

15 Yr. Fixed

2.86%

0.27

-0.03

30 Yr. Jumbo

3.79%

0.32

+0.04

30 Yr. FHA

3.34%

0.62

-0.02

5/1 ARM

2.62%

0.40

+0.02

Freddie Mac **

30 Yr. Fixed

3.34%

0.70

+0.02

15 Yr. Fixed

2.67%

0.60

+0.03

1 Yr. ARM

2.55%

0.40

-0.01

5/1 Yr. ARM

2.69%

0.60

-0.03

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

105-08

+0-07

30YR FNMA 3.5

106-27

+0-04

30YR GNMA 3.0

106-21

+0-06

30YR GNMA 3.5

108-24

+0-04

15YR FNMA 3.0

105-17

+0-03

15YR FNMA 2.5

104-19

+0-03

Treasuries

Yield

Change

2 YR

0.2381%

-0.0040

5 YR

0.6186%

-0.0032

10 YR

1.6181%

-0.0086

30 YR

2.8003%

-0.0133

Prices as of: 12/10/2012 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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