Daily Newsletter: Thursday December 13, 2012

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30 Year Fixed

                                                                3.41%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                2.76%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.73%
                                                                  
                                                                +0.0242

FNMA 30YR 3.5

                                                                106-14
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                105-13
                                                                  
                                                                0-00

View Today's Rates

Thursday December 13, 2012

MND NewsWire - 2:08PM

Mortgage Bank Profits Rise Over $300 Per Loan

Profits of independent mortgage banks and mortgage subsidiaries of chartered banks rose by more than $300 per loan in the third quarter of 2012 the Mortgage Bankers Association ( MBA ...

MND NewsWire - 10:41AM

Mozilo Speaks up for Countrywide in MBIA Lawsuit: "We were a world-class company..."

Even after paying a $67 million settlement to the SEC and being banned from the mortgage industry Angelo Mozilo , founder and former president of Countrywide Financial Corp still says ...

MND NewsWire - 10:31AM

Servicers Step up Foreclosure Activity in Judicial States

Foreclosure filings in November were 19 percent below filings in November 2011, the 26 th consecutive month that the year-over-year filings decreased. Filings during the month including ...

Mortgage Rate Watch - 4:01PM

Mortgage Rates Edge Up To Highest Levels In December

Mortgage rates continued higher on Thursday following stronger-than-expected economic data and continuing the losses after yesterday's FOMC announcement. There continues to be more ...

Latest Video

Housing Reaction to Fed Moves

Santelli's Midday Bond Report

Gross: Fed Policy Has Been to Write Checks

More News from 'Around the Web'

www.freddiemac.com - 1:56PM
GSEs Publish Phase II ULDD Specification
content.govdelivery.com - 1:56PM
FDIC Releases Survey on How Banks are Working to Meet the Needs of the Unbanked and Underbanked
Google News - 11:08AM
The Mortgage Challenge: Fannie and Freddie's Fate
SIFMA - 11:08AM
SIFMA President and CEO Tim Ryan on the State of the Industry
CNBC - 1:57PM
US Housing's Repo Man Is Back
DataQuick - 2:08PM
DataQuick: November Bay Area Home Sales Report
Bloomberg - 11:03AM
Pimco's Gross Says Fed Policy Means 'Free' Debt for Treasury
CNBC - 10:14AM
When Will the Bond Bubble Burst?
Bloomberg - 10:14AM
Hovnanian Reports Narrower Loss as Housing Sales Increase
Freddie Mac - 10:03AM
Freddie Mac: Mortgage Rates Ease Slightly, Remain Near Record Lows
CNBC - 9:40AM
Pimco's Kashkari: Fed Is Buying Washington Time
www.spiegel.de - 9:32AM
Deutsche Bank CEO Under Investigation - Head Office Raided in Tax Probe
CNBC - 8:19AM
Mortgage Break no Longer Sacred as US Tightens Tax Belt
Market Watch - 8:17AM
Barclays plans to cut up to 2,000 jobs: WSJ
Bloomberg - 12:37AM
Ex-Dallas Cowboy Lockhart Sentenced for Role in Mortgage Scam

Today's Comments

	MBS Live Chat - 11:32AM "haven't we seen this sort of thing before? Politicians put on a front and then at the last minute the put together "a package that will help the American people that has broad bi-partisan support" which really means we just ripped you tax payers off again because we had to put this junky legislation..."
	MBS Live Chat - 11:33AM "I am trying to figure if that is close to what they shoot for as a target margin?..."
	MBS Live Chat - 11:34AM "sit down with some hot cocoa by the fire tonight and have a read Tom: http://www.newyorkfed.org/research/conference/2012/mortgage/primsecsprd_frbny.pdf..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.41%

+0.02

15 Yr FRM

2.76%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.62%

+0.03

5/1 Yr ARM

2.98%

-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

3.47%

0.36

-0.05

15 Yr. Fixed

2.85%

0.26

-0.01

30 Yr. Jumbo

3.77%

0.35

-0.02

30 Yr. FHA

3.32%

0.51

-0.02

5/1 ARM

2.63%

0.34

+0.01

Freddie Mac **

30 Yr. Fixed

3.32%

0.70

-0.02

15 Yr. Fixed

2.66%

0.60

-0.01

1 Yr. ARM

2.53%

0.50

-0.02

5/1 Yr. ARM

2.70%

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

104-20

-0-04

30YR FNMA 3.5

106-14

-0-03

30YR GNMA 3.0

106-03

-0-03

30YR GNMA 3.5

108-14

-0-03

15YR FNMA 3.0

105-13

0-00

15YR FNMA 2.5

104-12

-0-00

Treasuries

Yield

Change

2 YR

0.2500%

+0.0040

5 YR

0.6924%

+0.0386

10 YR

1.7282%

+0.0242

30 YR

2.9014%

+0.0032

Prices as of: 12/13/2012 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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