Daily Newsletter: Monday April 1, 2013

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30 Year Fixed

                                                                3.61%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                2.93%
                                                                  
                                                                -0.01

10YR Treasury

                                                                1.84%
                                                                  
                                                                -0.0155

FNMA 30YR 3.5

                                                                105-23
                                                                  
                                                                +0-04

FNMA 15YR 2.5

                                                                105-09
                                                                  
                                                                +0-02

View Today's Rates

Monday April 1, 2013

Mortgage Rate Watch - 3:29PM

Mortgage Rates Improve After Weak Manufacturing Data

Mortgage rates improved slightly today, helped along by a weak manufacturing data on an otherwise quiet day. Had it not been for that report at 10am, bond markets including MBS ('mortgage ...

Pipeline Press - 11:43AM

Thoughts on Keeping the 30-yr Mortgage; Tax Implications of Cancelled Mortgage Debt

There continues to be a debate about whether or not 30-yr mortgages/liens are a good idea or not . The MBA's president - Dave Stevens - weighed in on the argument last week. "On the ...

MND NewsWire - 11:05AM

Fed Study Finds REO Status Strongest Indicator of Property Problems

While a mortgage is a financial contract between a borrower and a lender, when a foreclosure occurs there are repercussions that impact parties external to that contract, i.e. neighbors ...

MBS Commentary - 4:18PM

MBS RECAP: Solid Gains Despite Super Slow Session

MBS Live : MBS Afternoon Market Summary To reiterate that which has already been said, today's price movements in MBS belied the level of activity in bond markets. While MBS weren't ...

Latest Video

Construction Spending Up 1.2%; ISM 51.3

Spring Housing Has Sprung

Santelli's Midday Bond Report

More News from 'Around the Web'

WSJ - 3:07PM
Why It's Still Hard to Get a Mortgage
CNBC - 3:05PM
Fed's Treasurys Buying Weakens Dollar
The Huffington Post - 8:39AM
U.S. Smacks Down S&P Request
Bloomberg - 9:35AM
Genworth Wins Approval to Distance Mortgage-Insurance Business - Bloomberg
NY Fed - 11:51AM
NY Fed: Banking across Borders with Heterogeneous Banks
www.csbs.org - 2:06PM
New SAFE MLO Test with Uniform State Content Now Available
Business Week - 8:26AM
Fannie Mae and Freddie Mac Face New Problem: Profitability
www.aei.org - 8:24AM
FHA Watch, March 2013 (Vol. 2, No. 3)
www.aei.org - 8:24AM
Pinto: On Privatizing Fannie and Freddie
NAFCU - 8:22AM
National Financial Literacy Month begins today
Business Week - 9:49PM
Merrill Sued for $309 Million by Trust Over Mortgages

Today's Comments

	MND NewsWire - 2:23PM "I wonder how they treat consumer complaints about the CFPB, specifically how they have a director who has not obtained Senate approval as required? I'm sure those get ignored, as do the vast majority of the other complaints referenced in the article...."
	MBS Live Chat - 1:12PM "REPRICE : 1:12 PM - Provident Funding Better..."
	MBS Live Chat - 2:08PM "REPRICE : 2:08 PM - Caliber Funding Better..."
	MBS Live Chat - 2:44PM "REPRICE : 2:44 PM - Suntrust Better..."
	MBS Live Chat - 12:56PM "wow .300, nice, I'm not seeing anything better than Thursday...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.61%

+0.00

15 Yr FRM

2.93%

-0.01

FHA 30 Year Fixed

3.31%

-0.01

Jumbo 30 Year Fixed

3.70%

+0.00

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

3.82%

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

3.57%

0.80

+0.03

15 Yr. Fixed

2.76%

0.70

+0.04

1 Yr. ARM

2.62%

0.30

-0.01

5/1 Yr. ARM

2.68%

0.60

+0.07

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

103-10

+0-05

30YR FNMA 3.5

105-23

+0-04

30YR GNMA 3.0

104-22

+0-05

30YR GNMA 3.5

107-23

+0-04

15YR FNMA 3.0

105-09

+0-02

15YR FNMA 2.5

103-29

+0-04

Treasuries

Yield

Change

2 YR

0.2422%

-0.0078

5 YR

0.7564%

-0.0127

10 YR

1.8366%

-0.0155

30 YR

3.0783%

-0.0256

Prices as of: 4/1/2013 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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