Daily Newsletter: Monday March 11, 2013

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30 Year Fixed

                                                                3.70%
                                                                  
                                                                -0.01

15 Year Fixed

                                                                3.00%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.06%
                                                                  
                                                                +0.0000

FNMA 30YR 3.5

                                                                104-24
                                                                  
                                                                -0-07

FNMA 15YR 2.5

                                                                104-25
                                                                  
                                                                -0-04

View Today's Rates

Monday March 11, 2013

MND NewsWire - 10:24AM

Investors Shouldn't be Worried about FHFA's Plan to Merge GSEs -Report

Bank of America/Merrill Lynch (BAML) is cautioning its institutional investors against being unsettled by the announcement last week of development of a potential common securitization ...

MND NewsWire - 1:29PM

Less Than 4 Percent of Lenders 'Acceptable' According To New Risk Assessment Tool

Risk profiling of mortgage license holders was one of the focuses of 2012 activity by the Multi-State Mortgage Committee (MMC) of the Conference of State Bank Supervisors and the American ...

MND NewsWire - 1:09PM

MBS Buying Clearly Helping, But May Need To Be Adjusted- Fed's Duke

Federal Reserve Board Governor Elizabeth A. Duke strongly endorsed the Board's current monetary policy in a speech to the Mortgage Bankers Association on Friday. Duke, in a speech devoted ...

Pipeline Press - 12:29PM

Ginnie Issuance Numbers; Continued MI News; Investor and Seminar News

When they asked Michelangelo how he made his statue of David he is reported to have said, "It is easy. You just chip away the stone that doesn't look like David." Maybe something similar ...

Latest Video

Lockhart, Miller on Mortgage, Housing Markets

Builders' Credit Freeze Thawing?

Student Loans Hurting Housing?

More News from 'Around the Web'

Market Watch - 2:49PM
Finishing Dodd-Frank rules 'imperative': White
National Housing Conference - 2:47PM
Coalition briefs Congress on QRM
press.experian.com - 2:22PM
Experian Announces Availability of VantageScore 3.0
Bloomberg - 2:17PM
Cordray Pledges Consumer Protection in Pitch to Run U.S. Bureau - Bloomberg
CNN - 2:12PM
New credit score could help millions
CNBC - 12:27PM
We're Betting Big on Real Estate: Blackstone CEO
www.mass.gov - 11:06AM
AG Coakley Targets Financial Companies for Predatory Loan Practices, Warns Homeowners About Foreclosure Relief Scams
www.ourbroker.com - 9:38AM
Should Borrowers Pay More For Big FHA Mortgages?

Today's Comments

	MBS Live Chat - 2:59PM "Anyone know of any way to count rental income for properties purchased and paid for in cash last year? First time landlord. Was renting part of her current home out since 2011 but of course, she took cash and didn;t report it...."
	MBS Live Chat - 3:01PM "Does'nt FNMA require onlyb rental/lease income listed on the most recent 1040 tax return?..."
	MBS Live Chat - 3:05PM "Chip thats an over lay, FNMA does not need a 2 yr hist - have her file 2012 and use that with a lender lacking that overlay..."
	MBS Live Chat - 1:51PM "http://www.bloomberg.com/news/2013-03-10/cheapest-treasuries-since-11-alluring-to-gundlach-as-pce-falls.html..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.70%

-0.01

15 Yr FRM

3.00%

-0.01

FHA 30 Year Fixed

3.41%

-0.01

Jumbo 30 Year Fixed

3.82%

+0.09

5/1 Yr ARM

3.02%

-0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.78%

0.76

+0.08

30 Yr. Fixed

3.53%

1.11

+0.06

MBA **

30 Yr. Fixed

3.70%

0.39

-0.07

15 Yr. Fixed

2.96%

0.36

-0.07

30 Yr. Jumbo

3.80%

0.37

-0.13

30 Yr. FHA

3.47%

0.33

-0.07

5/1 ARM

2.55%

0.37

-0.10

Freddie Mac **

30 Yr. Fixed

3.52%

0.70

+0.01

15 Yr. Fixed

2.76%

0.70

+0.00

1 Yr. ARM

2.63%

0.30

-0.01

5/1 Yr. ARM

2.63%

0.50

+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

102-04

-0-04

30YR FNMA 3.5

104-24

-0-07

30YR GNMA 3.0

103-16

-0-02

30YR GNMA 3.5

106-24

-0-06

15YR FNMA 3.0

104-25

-0-04

15YR FNMA 2.5

103-04

-0-06

Treasuries

Yield

Change

2 YR

0.2580%

+0.0001

5 YR

0.8966%

+0.0000

10 YR

2.0576%

+0.0000

30 YR

3.2580%

+0.0001

Prices as of: 3/11/2013 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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