Daily Newsletter: Wednesday April 10, 2013

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30 Year Fixed

                                                                3.54%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                2.85%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.81%
                                                                  
                                                                +0.0567

FNMA 30YR 3.5

                                                                105-25
                                                                  
                                                                -0-15

FNMA 15YR 2.5

                                                                105-08
                                                                  
                                                                -0-06

View Today's Rates

Wednesday April 10, 2013

MND NewsWire - 2:49PM

Congress Hears Recommendations for FHA Reform from Industry Leaders

The House Financial Services Subcommittee heard testimony today from housing industry leaders on congressional efforts to reform the Federal Housing Administration (FHA) . This is the ...

MND NewsWire - 12:08PM

FHA Loans Continue Driving Delinquency Cure Rates

The Lender Processing Service (LPS) February Mortgage Monitor found that loan prepayment rates, historically a good indicator of refinancing activity, have declined as interest rates ...

MND NewsWire - 8:40AM

Purchase Applications Highest Since Homebuyer Tax Credit, Despite Significant Drop in Government Applications

Applications for government-backed mortgages dropped significantly during the week ended April 5, but mortgage activity in other sectors was strong . The Mortgage Bankers Association ...

MND NewsWire - 5:31PM

HUD's Donovan Outlines 2014 Budget; 90% to Support Existing Programs

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has released details of the Obama Administration's proposed Fiscal Year 2014 HUD Budget. The HUD portion of the budget ...

Latest Video

Home Prices Rising Faster Than Incomes

FOMC Minutes Inadvertently Released Early

What's Inside the President's Budget?

More News from 'Around the Web'

freddiemac.mwnewsroom.com - 5:18PM
Freddie Mac Names David B. Lowman Executive Vice President, Single-Family Business
House Financial Services - 5:17PM
Subcommittee Hearing Examines Regulatory Burden on Credit Unions
CNBC - 5:17PM
Stock Market Feels Like Housing in 2006: Sam Zell
SIFMA - 5:24PM
SIFMA Statements Regarding President Obama's FY 2014 Budget Proposal
CNBC - 5:16PM
These 12 Banks Also Got the Fed Minutes a Day Early
Bloomberg - 3:02PM
Fed's Lockhart Says Too-Big-to-Fail Bailouts Still a Risk
www.aei.org - 3:01PM
Pinto: Is the Fed blowing a new housing bubble?
Google News - 2:57PM
RealtorsÂ® Applaud FHA for Taking Steps to Improve its Financial Stability
NAHB - 2:56PM
FHA Reform Efforts Must Ensure Borrowers Have Access to Affordable Home Loans
CNBC - 2:55PM
Dimon Letter Warns Shareholders of More Actions by Banking Regulators
House Financial Services - 2:51PM
Financial Services Committee Chairman Hensarling Comments on Expected Taxpayer Bailout of FHA
CNBC - 2:51PM
Why Housing Affordability Is at Risk
CNBC - 2:51PM
Home Construction Will Feed Job Growth: CEO
CNBC - 10:37AM
'Wall St. Shadow Regulators' Under Scrutiny
CNBC - 10:35AM
Cyber Threats Escalate as Banks Go Paperless
appropriations.house.gov - 10:34AM
Chairman Rogers: President's Budget is Overdue and Overstuffed
CNBC - 10:04AM
Do the Early Fed Minutes Matter? Probably Not
The Big Picture - 9:46AM
Why Canada Avoids Banking Crises
Realtor.Org - 9:39AM
NAR: Selling a Foreclosure? Don't Ignore the Tenant
Federal Reserve - 9:33AM
Fed: Minutes of the Federal Open Market Committee, March 19-20, 2013

Today's Comments

	MBS Live Chat - 1:01PM "RTRS - U.S. 9-YR 10-MO NOTES BID-TO-COVER RATIO 2.79, NON-COMP BIDS $8.61 MLN..."
	MBS Live Chat - 1:03PM "serviceable results... C+/B-. Santelli will think it's better than it is because he usually doesn't distinguish reopenings vs refundings, so he may lean into the "B" territory...."
	MBS Live Chat - 1:04PM "santelli says c+..."
	MBS Live Chat - 1:46PM "Hmm. DU giving me a refer for BK showing as 4/11 on credit...."
	MBS Live Chat - 1:49PM "Guessing I need to find someone who will manually UW it?..."
	MBS Live Chat - 1:57PM "yes, you will probably have approval next month..."
	MBS Live Chat - 1:58PM "OK. Thanks, AC and JY. April 2011 - April 2013 = 24 months though. Does it need to be over 24 months?..."
	MBS Live Chat - 1:59PM "I think you would get approval if you run it in MAy..."
	MBS Live Chat - 1:59PM "Exactly. DU doesn't know if it was 4/1 or 4/30 for the BK. Just had one like this with a short sale...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.54%

+0.02

15 Yr FRM

2.85%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.67%

+0.01

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

3.68%

0.43

-0.08

15 Yr. Fixed

2.92%

0.34

-0.07

30 Yr. Jumbo

3.79%

0.36

-0.06

30 Yr. FHA

3.43%

0.52

-0.05

5/1 ARM

2.58%

0.37

-0.02

Freddie Mac **

30 Yr. Fixed

3.54%

0.80

-0.03

15 Yr. Fixed

2.74%

0.70

-0.02

1 Yr. ARM

2.63%

0.40

+0.01

5/1 Yr. ARM

2.65%

0.50

-0.03

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

-0-19

30YR FNMA 3.5

105-25

-0-15

30YR GNMA 3.0

105-04

-0-14

30YR GNMA 3.5

108-04

-0-11

15YR FNMA 3.0

105-08

-0-06

15YR FNMA 2.5

103-30

-0-12

Treasuries

Yield

Change

2 YR

0.2341%

+0.0000

5 YR

0.7372%

+0.0384

10 YR

1.8069%

+0.0567

30 YR

3.0054%

+0.0677

Prices as of: 4/10/2013 4:28PM 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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