Daily Newsletter: Tuesday March 19, 2013

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30 Year Fixed

                                                                3.60%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.91%
                                                                  
                                                                -0.02

10YR Treasury

                                                                1.90%
                                                                  
                                                                -0.0555

FNMA 30YR 3.5

                                                                105-18
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                105-09
                                                                  
                                                                +0-01

View Today's Rates

Tuesday March 19, 2013

MND NewsWire - 2:54PM

DeMarco: Should Government Set Standards, Backstop the Market, or Continue to Issue Guarantees?

Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency (FHFA) told lawmakers on Tuesday that the role of housing finance reform should be to promote the efficient ...

Pipeline Press - 12:21PM

Establishing a New Fannie Mae in Texas? How Gfees are a Tax on Borrowers; Thoughts on Cutting Weak Producers

The combination of marketing, brand placement, and design graphics is a real art: when it works, great, but when it doesn't , well... Economists study long and hard to learn certain ...

MND NewsWire - 11:39AM

Rising Prices Slowly Eroding National Negative Equity

Rising home prices lifted 200,000 homes into a positive equity position in the fourth quarter of 2012. A total of 1.7 million homes regained equity during 2012 according to CoreLogic ...

Mortgage Rate Watch - 3:34PM

Mortgage Rates Continue Heading Mostly Lower Thanks To Europe

Mortgage rates moved lower today at a less aggressive pace than yesterday. We noted some stratification between lenders which is relatively common when market conditions are volatile ...

Latest Video

Miami Condos: The Foreign Invasion

Santelli Challenges the Fed's Low Rates Strategy

Housing Starts Up 0.8% in February

More News from 'Around the Web'

NAHB - 4:26PM
Home Builders Applaud Bill (H.R. 1255) to Restore Flow of Credit to Housing, Spur Job Growth
CNBC - 2:58PM
If There's a 'War' Against Banks, the Banks Are Winning
Washington Post - 12:32PM
Housing has been booming! Construction jobs haven't. Here's why.
House Financial Services - 12:29PM
Chairman Hensarling's Opening Statement at Today's Hearing with FHFA Director Edward J. DeMarco
Market Watch - 11:05AM
Banking committee OKs White, Cordray for SEC, CFPB
NAFCU - 10:38AM
Becker presses Senate on housing reform goals
FHFA - 10:05AM
Edward J. DeMarco: "On Sustainable Housing Finance: An Update from the Federal Housing Finance Agency on the GSE Conservatorships"
Washington Post - 8:18AM
Short sales surge in 2012, trend to continue in region
www.corelogic.com - 8:18AM
CoreLogic Reports 200,000 More Residential Properties Return to Positive Equity in Fourth Quarter of 2012
CNBC - 8:14AM
Cyprus a Warning of 'More Outbreaks' From Europe
Business Week - 8:13AM
Big Banks Had $269.2 Billion Basel III Shortfall in Mid-2012
Bloomberg - 9:51PM
Bernanke Tightens Hold on Fed Message Against Hawks
Business Week - 9:51PM
BofA's Countrywide Must Face FHFA's Securities Fraud Claims
Business Week - 4:57PM
BB&T Credit-Rating Outlook Cut to Negative by S&P After Fed Test

Today's Comments

	MBS Live Chat - 3:05PM "REPRICE : 3:05 PM - Stonegate Mortgage Better..."
	MBS Live Chat - 3:03PM "REPRICE : 3:03 PM - Caliber Funding Better..."
	MBS Live Chat - 2:22PM "RTRS- CYPRIOT PARLIAMENT REJECTS TAX ON BANK DEPOSITS AS CONDITION OF INTERNATIONAL BAILOUT..."
	MBS Live Chat - 2:06PM "REPRICE : 2:06 PM - AMC Better..."
	MND NewsWire - 5:37PM "If there woud be more of a push for loan modifications with principal writedowns for those that have jobs and want to stay in their homes we would be in better shape. The current push for all the banks is to do short sales or for FHA go to foreclosure so they can ask for above market prices for their..."
	MND NewsWire - 7:26PM "Wonder if these Senators and AGs would be as demanding if we asked THEIR states to pay for the principal reductions...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.60%

-0.02

15 Yr FRM

2.91%

-0.02

FHA 30 Year Fixed

3.32%

-0.01

Jumbo 30 Year Fixed

3.71%

-0.02

5/1 Yr ARM

3.02%

-0.01

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

3.63%

0.80

+0.11

15 Yr. Fixed

2.79%

0.80

+0.03

1 Yr. ARM

2.64%

0.40

+0.01

5/1 Yr. ARM

2.61%

0.60

-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

103-04

+0-04

30YR FNMA 3.5

105-18

+0-03

30YR GNMA 3.0

104-17

+0-03

30YR GNMA 3.5

107-16

+0-03

15YR FNMA 3.0

105-09

+0-01

15YR FNMA 2.5

103-27

+0-03

Treasuries

Yield

Change

2 YR

0.2379%

-0.0081

5 YR

0.7774%

-0.0291

10 YR

1.9009%

-0.0555

30 YR

3.1257%

-0.0594

Prices as of: 3/19/2013 4:32PM 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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