Daily Newsletter: Tuesday February 5, 2013

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30 Year Fixed

                                                                3.61%
                                                                  
                                                                +0.04

15 Year Fixed

                                                                2.93%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.02%
                                                                  
                                                                +0.0559

FNMA 30YR 3.5

                                                                105-18
                                                                  
                                                                -0-05

FNMA 15YR 2.5

                                                                105-04
                                                                  
                                                                -0-02

View Today's Rates

Tuesday February 5, 2013

MND NewsWire - 10:58AM

Home Prices Show Largest Annual Increase in Nearly Seven Years

Home prices in December posted the largest annual increase in nearly seven years according to CoreLogic's Home Price Index (HPI) report. December was also the 10th consecutive month ...

MND NewsWire - 9:59AM

Senator Introduces CFPB Reform Bill to Replace Cordray with Five-Member Commission

Senate Republicans have fired the first two shots in a renewed battle over the Consumer Financial Protection Bureau ( CFPB ). President Barack Obama recently submitted the name of Richard ...

Mortgage Rate Watch - 2:15PM

Abrupt Reversal For Markets Leaves Rates At Recent Highs

Mortgage rates did a complete 180, reversing yesterday's improvement , and taking rates back in line with recent highs. That sounds fairly ominous, and in the sense that further weakness ...

MND NewsWire - 3:42PM

Bill Proposes End to Fed's Stimulus Role, Return to Single Mandate

Two members of the Senate Banking Committee have introduced legislation which, if enacted, would severely restrict activities of the Federal Reserve Bank . Bob Corker (R-TN) and David ...

Latest Video

Housing Bubble Take 2?

Santelli Exchange: DOJ Goes After S&P

Why Bonds Are a Buy: Top Strategist

More News from 'Around the Web'

Bloomberg - 10:50AM
Fed's Duke Says Stronger Housing Market to Spur Growth
Market Watch - 5:05PM
Rep. Waters asks for hearing on foreclosure review
CNBC - 5:04PM
Think the Bond Bull is Dead - Think Again
Business Week - 4:40PM
Bernanke Voiced Alarm Over Credibility of Ratings Firms
Reuters - 2:05PM
Fed's Bernanke to testify on monetary policy on February 26-27
CNBC - 2:00PM
US Deficit to Grow by $7 Trillion Over the Next Decade: Congressional Budget Office
freddiemac.mwnewsroom.com - 10:48AM
Three New Freddie Mac Borrower Help Centers Open in Atlanta, Las Vegas, Los Angeles Metro Areas
CNBC - 10:43AM
A Housing Bubble ... Already?
finance.yahoo.com - 9:37AM
This Is Housing Bubble 2.0

Today's Comments

	MND NewsWire - 4:47PM "Makes perfect sense, which means it probably won't get very far through congress. What does monetary policy have to do with unemployment anyway, other than serve as a political scapegoat for members of congress not to make tough decisions that might jeopardize their chances of reelection...."
	MBS Commentary - 1:35PM "Ha I like the Karate Kid in the title--was thinking the same thing this morning...."
	MBS Live Chat - 1:35PM "did you guys get the memo on the Fixed HECM going away 4/1?..."
	MBS Live Chat - 1:36PM "Yes I did Tim, not a fan..."
	MBS Live Chat - 1:02PM "Perhaps the most interesting thing is the comparison between now and then with respect to US Treasuries ("then" being march/april 2012). The massive tightening in Greece's spreads coincided with our pop higher in yield (and an FOMC Announcement). Back then, we had Greece reverse course in a big way,..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.61%

+0.04

15 Yr FRM

2.93%

+0.03

FHA 30 Year Fixed

3.33%

+0.03

Jumbo 30 Year Fixed

3.80%

+0.03

5/1 Yr ARM

3.03%

+0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.70%

1.16

-0.11

30 Yr. Fixed

3.47%

1.29

-0.07

MBA **

30 Yr. Fixed

3.67%

0.42

+0.05

15 Yr. Fixed

2.95%

0.38

+0.08

30 Yr. Jumbo

3.95%

0.39

+0.10

30 Yr. FHA

3.48%

0.33

+0.08

5/1 ARM

2.60%

0.33

-0.01

Freddie Mac **

30 Yr. Fixed

3.53%

0.70

+0.11

15 Yr. Fixed

2.81%

0.70

+0.10

1 Yr. ARM

2.59%

0.50

+0.02

5/1 Yr. ARM

2.70%

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

103-09

-0-08

30YR FNMA 3.5

105-18

-0-05

30YR GNMA 3.0

104-12

-0-10

30YR GNMA 3.5

107-20

-0-05

15YR FNMA 3.0

105-04

-0-02

15YR FNMA 2.5

103-21

-0-04

Treasuries

Yield

Change

2 YR

0.2658%

+0.0119

5 YR

0.8750%

+0.0369

10 YR

2.0160%

+0.0559

30 YR

3.2205%

+0.0554

Prices as of: 2/5/2013 2:52PM 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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