Daily Newsletter: Friday December 28, 2012

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30 Year Fixed

                                                                3.39%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.70%
                                                                  
                                                                -0.0364

FNMA 30YR 3.5

                                                                106-20
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                105-16
                                                                  
                                                                +0-01

View Today's Rates

Friday December 28, 2012

Mortgage Rate Watch - 2:55PM

Mortgage Rates End Week At Best Levels, But Risks Persist

Mortgage rates continued a moderate trend of improvement from mid-week, bringing rates to their best levels of the week on Friday. All of the recent day-over-day changes in rates have ...

Pipeline Press - 10:17AM

MBA, Others Weigh in on LO Training and Licensing; In Conjunction with States, the CFPB Flexes its Muscles

"We're lost, but we're making good time." The CFPB does not seem to be lost, and is certainly feeling its way along. From it we learned that between July 21, 2011 and September 30, ...

MND NewsWire - 10:29AM

Pending Home Sales Highest Since 2010 Tax Credit Expiration

The National Association of Realtors® (NAR) Pending Home Sales Index reached the highest level seen in two and a half years in November after posting its third consecutive monthly ...

MND NewsWire - 10:35AM

Consumer Loan Defaults Hit New Lows while Mortgage Defaults Rise

Default rates for first mortgage loans increased in both October and November according to the S&P Dow Jones Indices and Experian. The increases drove the national default rate ...

Latest Video

Santelli Takes a Closer Look at Foreclosures

FHA Fail?

Brown on Banking Industry, Bank of America Outlook

More News from 'Around the Web'

CNBC - 4:20PM
Stocks Drop on Report That Obama Will Not Make a New Offer to Avert Cliff
Bloomberg - 4:20PM
Citigroup, RBS Sued by DZ Bank Over $641 Million in Bonds
Bloomberg - 1:11PM
Countrywide Loan Probe Ended by House Panel With No Action Taken
Business Week - 10:15AM
Fewer US banks failing as industry strengthens
CNBC - 10:07AM
November Pending Home Sales Rise by 1.7 Percent, Slightly Beating Expectations
Boston Fed - 10:06AM
Fed: Payment Size, Negative Equity, and Mortgage Default
www.aei.org - 8:58AM
Pinto: Study shows FHA is failing its mission
Bloomberg - 11:02PM
Deutsche Bank Sued Over $173 Million in Mortgage Bonds
Business Week - 11:01PM
No ethics breaches found in Countrywide VIP loans
www.aei.org - 12:23PM
The FHA: A home wrecker

Today's Comments

	MBS Live Chat - 3:43PM "RTRS- IF THERE IS NO VIABLE COUNTERPROPOSAL, OBAMA TO ASK FOR UP-OR-DOWN VOTE IN CONGRESS ON HIS PLAN-SOURCE..."
	MBS Live Chat - 3:41PM "RTRS- IF CONGRESSIONAL LEADERS DON'T SUPPORT HIS PLAN, OBAMA WILL ASK THEM FOR COUNTERPROPOSAL TO AVOID CLIFF-SOURCE..."
	MBS Live Chat - 3:42PM "re: counterproposal... isn't that how it's worked up until now?..."
	MND NewsWire - 5:07PM "Gosh, MIke, sorry you are so offended. Not sure why you would think there's a limited pool of folks eligible to refi with HARP, FHA and VA streams, and the new USDA pilot streamline program out there. Perhaps your marketing plan differs from mine, but there's certainly no shortage of qualified folks..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.39%

-0.01

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.59%

-0.01

5/1 Yr ARM

3.00%

+0.00

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.81%

1.00

-0.10

30 Yr. Fixed

3.54%

1.24

-0.08

MBA **

30 Yr. Fixed

3.50%

0.44

+0.03

15 Yr. Fixed

2.83%

0.26

-0.02

30 Yr. Jumbo

3.73%

0.29

-0.04

30 Yr. FHA

3.34%

0.54

+0.02

5/1 ARM

2.61%

0.36

-0.02

Freddie Mac **

30 Yr. Fixed

3.35%

0.70

-0.02

15 Yr. Fixed

2.65%

0.70

+0.00

1 Yr. ARM

2.56%

0.50

+0.04

5/1 Yr. ARM

2.70%

0.70

-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

104-29

+0-04

30YR FNMA 3.5

106-20

+0-03

30YR GNMA 3.0

106-12

+0-05

30YR GNMA 3.5

108-21

+0-03

15YR FNMA 3.0

105-16

+0-01

15YR FNMA 2.5

104-18

+0-02

Treasuries

Yield

Change

2 YR

0.2504%

-0.0118

5 YR

0.7102%

-0.0207

10 YR

1.6991%

-0.0364

30 YR

2.8641%

-0.0382

Prices as of: 12/28/2012 4:26PM 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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