Daily Newsletter: Wednesday March 27, 2013

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30 Year Fixed

                                                                3.60%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                2.93%
                                                                  
                                                                -0.03

10YR Treasury

                                                                1.85%
                                                                  
                                                                -0.0657

FNMA 30YR 3.5

                                                                105-19
                                                                  
                                                                +0-08

FNMA 15YR 2.5

                                                                105-06
                                                                  
                                                                +0-04

View Today's Rates

Wednesday March 27, 2013

Mortgage Rate Watch - 4:13PM

Mortgage Rates Break Cyprus Slide, Move to 2-Week Lows

Mortgage rates moved lower today at their fastest pace in more than a week, bringing them in line with their lowest levels since last week's Cyprus-related market movement. Lender pricing ...

MND NewsWire - 5:34PM

Servicers Report Loan Performance Continued to Increase in Q4

The Office of Comptroller of the Currency (OCC) is reporting that the quality of mortgage loans serviced by selected national and federal savings banks continued to improve in the fourth ...

MND NewsWire - 12:06PM

Freddie Mac Offers New Streamlined Modification

Freddie Mac has announced a new Streamlined Modification Program that it says will "open a new gateway to mortgage relief for many of American's stuggling borrowers." Starting July ...

MND NewsWire - 12:04PM

Foreclosure Prevention has aided 2.7 million Fannie and Freddie Borrowers

The Federal Housing Finance Agency ( FHFA ) says that Freddie Mac and Fannie Mae (the GSEs) assisted 130,000 homeowners with one or more of their foreclosure prevention programs in ...

Latest Video

Fed's Kocherlakota: Monetary Policy Not Accommodative Enough

Pending Home Sales Down

All America Survey: Hot Housing Here to Stay?

More News from 'Around the Web'

Business Week - 2:49PM
Evans Says Fed Bond Buying Should Continue Through End of 2013 - Businessweek
Business Week - 2:02PM
New York Fed's Potter Says Latest Round of QE More Transparent
Business Week - 2:01PM
Fed's Kocherlakota Says 6.5% Unemployment Is No Rates 'Trigger'
Market Watch - 12:44PM
Fed's buying half of MBS issuance: official
Business Week - 12:16PM
Fannie Mae Regulator Sets No-Doc Modifications to Help Borrowers
FHFA - 10:54AM
FHFA Announces New Streamlined Modification Initiative
Business Week - 12:09PM
Foreclosure specialist indicted over kickbacks
OCC - 10:52AM
OCC Reports on Mortgage Performance for Fourth Quarter
CNBC - 10:48AM
Deep Freeze: Home Sales to Barely Budge in Spring
CNBC - 9:32AM
Mortgage Applications Rebounded Last Week
freddiemac.mwnewsroom.com - 9:26AM
Freddie Mac Issues Monthly Volume Summary for February 2013

Today's Comments

	MBS Live Chat - 2:00PM "REPRICE : 2:00 PM - Chase Better..."
	MBS Live Chat - 1:22PM "RTRS - FED'S KOCHERLAKOTA SAYS FED SHOULD DO MORE TO SPUR ECONOMY, CURB UNEMPLOYMENT, SEES ONLY MODERATE U.S. GROWTH OVER NEXT 2 YEARS..."
	MBS Live Chat - 1:16PM "The banks opening tomorrow in Cyprus s/b interesting. "Hi, thanks for coming in. We don't actually have any Euro's to give out, but if you want to give us some more, we'll gladly take them."..."
	MBS Live Chat - 1:03PM "Bit soft on the demand side, but not overly so. A bit lower on the yield award washes that out. Indirects in line. VERY uneventful "B" auction...."
	MBS Live Chat - 12:55PM "REPRICE : 12:55 PM - Wells Fargo Better..."
	MND NewsWire - 9:34AM "This study simply shows that even high paid mid-level mortgage securitization managers are no more inteligent than their high paid Wall Street counter parts. They are all equally motivated by greed. I do take exception to the "evidence" that "bad incentives caused loan officers...to relax lending standards..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.60%

-0.04

15 Yr FRM

2.93%

-0.03

FHA 30 Year Fixed

3.31%

-0.04

Jumbo 30 Year Fixed

3.70%

-0.04

5/1 Yr ARM

3.01%

+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

3.82%

0.38

+0.01

15 Yr. Fixed

3.02%

0.36

+0.01

30 Yr. Jumbo

3.95%

0.36

+0.05

30 Yr. FHA

3.53%

0.31

+0.00

5/1 ARM

3.02%

0.36

+0.01

Freddie Mac **

30 Yr. Fixed

3.54%

0.80

-0.09

15 Yr. Fixed

2.72%

0.70

-0.07

1 Yr. ARM

2.63%

0.40

-0.01

5/1 Yr. ARM

2.61%

0.60

+0.00

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

103-05

+0-10

30YR FNMA 3.5

105-19

+0-08

30YR GNMA 3.0

104-18

+0-10

30YR GNMA 3.5

107-18

+0-07

15YR FNMA 3.0

105-06

+0-04

15YR FNMA 2.5

103-24

+0-06

Treasuries

Yield

Change

2 YR

0.2461%

-0.0039

5 YR

0.7338%

-0.0421

10 YR

1.8454%

-0.0657

30 YR

3.0863%

-0.0548

Prices as of: 3/27/2013 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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