Daily Newsletter: Wednesday April 3, 2013

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30 Year Fixed

                                                                3.57%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                2.88%
                                                                  
                                                                -0.03

10YR Treasury

                                                                1.82%
                                                                  
                                                                -0.0466

FNMA 30YR 3.5

                                                                105-28
                                                                  
                                                                +0-06

FNMA 15YR 2.5

                                                                105-12
                                                                  
                                                                +0-03

View Today's Rates

Wednesday April 3, 2013

Mortgage Rate Watch - 3:32PM

Mortgage Rates Hit One Month Lows. Time To Lock?

Mortgage rates improved at their fastest pace in a week, bringing most lenders' rate sheet offerings to their best levels since the first few days of March. In a continued break from ...

MND NewsWire - 5:45PM

DeMarco Opponents Continue to Relentless Push for Replacement

Two state's attorneys general have raised the public profile of their earlier requests that Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA) be replaced ...

MND NewsWire - 10:29AM

Home Prices Improve at Fastest Rate Since 2006, Driven by Western States

Rapidly rising home prices were confirmed by another report this morning, this one from CoreLogic. Its Home Price Index (HPI) jumped 10.2 percent on an annual basis in February, the ...

MND NewsWire - 9:36AM

FHA Fee Hike Prompts Surge in Purchase Applications

The pending increase in FHA guarantee fees pushed applications for government-backed purchase mortgages up 7 percent butt the overall volume of mortgage activity dropped during the ...

Latest Video

Housing Deja Vu

Santelli: 'Insanity! Insanity!' re: White House Push for Less Qualified Loans

Fed's Tarullo: More Bank Regulations to Come

More News from 'Around the Web'

Fannie Mae - 4:05PM
Fannie Mae Releases February 2013 Monthly Summary
Reuters - 3:49PM
JPMorgan wins dismissal of most Dexia mortgage claims
Market Watch - 3:49PM
The Fed: Fed could start tapering QE3 this summer: Williams
Reuters - 3:48PM
Analysis: Supply crunch to take steam out of home sales
CNBC - 3:47PM
JPM's Win in MBS Fraud Case May Be Victory for Other Banks
CNBC - 2:16PM
Citing Danger from North Korea, US to Send Missile Defense to Guam
CFPB - 11:40AM
CFPB: April is Financial Literacy Month. So what?
WSJ - 10:08AM
Rent Rises Showing Signs of Cooling Off
Market Watch - 9:48AM
Fed official eyes delayed Volcker Rule approval
Bloomberg - 7:59AM
Americans Seize Second Chance Post-Foreclosure: Mortgages
NAFCU - 7:56AM
Fannie profits may muddy reform debate
Bloomberg - 10:02PM
The Big Risk of Fannie & Freddie's Big Profit
Business Week - 10:01PM
Credit Suisse Sued by Financial Guaranty Over Mortgages

Today's Comments

	MBS Live Chat - 2:59PM "REPRICE : 2:59 PM - USBank Better..."
	MBS Live Chat - 2:58PM "WF 2nd..."
	MBS Live Chat - 2:58PM "REPRICE : 2:58 PM - Wells Fargo Better..."
	MBS Live Chat - 2:22PM "this will be the 13th session since January 25th that's hit 103-16 to 103-19 range and we've only closed above on one of those occasions. I'm not sure I'd limit it to one specific price level, but certainly an inflectional area for MBS prices (as the 00's and 16's tend to be...)..."
	MBS Live Chat - 2:13PM "REPRICE : 2:13 PM - Fifth Third Mortgage Better..."
	MBS Live Chat - 2:19PM "MG, if my memory serves me correctly 103-16 was important last time we were at these levels. Still the case?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.57%

-0.03

15 Yr FRM

2.88%

-0.03

FHA 30 Year Fixed

3.28%

-0.02

Jumbo 30 Year Fixed

3.68%

-0.02

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

3.76%

0.43

-0.03

15 Yr. Fixed

2.99%

0.36

-0.03

30 Yr. Jumbo

3.85%

0.37

-0.05

30 Yr. FHA

3.48%

0.38

-0.03

5/1 ARM

2.60%

0.32

+0.02

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

103-16

+0-09

30YR FNMA 3.5

105-28

+0-06

30YR GNMA 3.0

104-26

+0-07

30YR GNMA 3.5

107-29

+0-08

15YR FNMA 3.0

105-12

+0-03

15YR FNMA 2.5

104-02

+0-05

Treasuries

Yield

Change

2 YR

0.2303%

-0.0118

5 YR

0.7276%

-0.0448

10 YR

1.8158%

-0.0466

30 YR

3.0568%

-0.0431

Prices as of: 4/3/2013 4:31PM 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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