Daily Newsletter: Tuesday April 16, 2013

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30 Year Fixed

                                                                3.49%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.80%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.72%
                                                                  
                                                                +0.0358

FNMA 30YR 3.5

                                                                106-07
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                105-13
                                                                  
                                                                -0-03

View Today's Rates

Tuesday April 16, 2013

MND NewsWire - 4:42PM

Residential Loan Charge-offs Down 23 Percent from Q4, at Five Year Low

The Equifax March National Consumer Credit Trends Report presents more evidence that the home finance related credit picture is improving rapidly. The report shows that the level of ...

Pipeline Press - 11:25AM

Transactions Covered by the CFPB; FHA and VA Pricing Jump Explained; More on Assumability of Loan Types

Well, April 15 is past us now. The United States is dealing with the terrible tragedy in Boston, and our thoughts go out to that city. April 15 was also "tax day": in 2009, Americans ...

MND NewsWire - 10:32AM

Multi-Family Starts Lead Residential Construction, Single-Family Drags

Building permits were issued in March at a seasonally adjusted rate that was 3.9 percent lower than in February but 17.3 percent higher than one year earlier according to data released ...

Mortgage Rate Watch - 1:46PM

Mortgage Rates Snap Recent Winning Streak

Mortgage rates moved higher today, breaking a three day trend of improvements that had rates approaching their 2013 lows. The will to push back against that recent move lower was evident ...

Latest Video

Apartment Construction Red Flags

Santelli's Midday Bond Report

March Housing Starts Jump 7% ; While CPI Dips 0.2%

More News from 'Around the Web'

press.experian.com - 4:07PM
National Credit Default Rates Decreased in March 2013
Bloomberg - 4:05PM
Fed's Duke Sees Credit Easing Except in Mortgage Market
NAHB - 4:03PM
Statement from NAHB Chairman Rick Judson on Senate Immigration Bill
Federal Reserve - 3:07PM
Minutes of the Board's discount rates meetings from February 11 through March 18, 2013
content.govdelivery.com - 3:05PM
FDIC Statement: Who Is Too Big To Fail? Examining the Application of Title I of the Dodd-Frank Act
Bloomberg - 11:49AM
Evans Says US Still Needs Fed QE Even With Brighter Outlook
CNBC - 11:48AM
Is Multi-Family Construction Overheating?
CNBC - 11:29AM
Breaking Up US Banks Means Chinese Banks Win: Bove
Washington Post - 10:38AM
IRS auditors targeting small business owners but there are ways to protect your company
Reuters - 10:36AM
IMF trims global growth forecast, sees bumpy recovery
www.census.gov - 10:09AM
Census Bureau Reports Rental Vacancy Rates Down Nationally; Impact Differs by Metro Area
www.mersinc.org - 9:53AM
WA Superior Court Recognizes MERS as Agent of Beneficiary
Market Watch - 9:05AM
Fed's Dudley calls bond-buy level 'appropriate'
CNBC - 8:58AM
Housing Starts Jump 7.0% in March Vs. 7.3% in February
Business Week - 7:14AM
Plosser Favors Selling Securities in Eventual Fed Stimulus Exit
S&P/Case Shiller - 10:44PM
Housing Finance Agencies Fared Better Than States In The Recession

Today's Comments

	MBS Live Chat - 12:18PM "yes, reg b states a credit decision has to be made within 30 days of application. they are hardcore on that here at wells retail, if we dont submit a file within 10 days of application our branch gets charged a penalty..."
	MBS Live Chat - 12:25PM "Just says that a creditor has to notify within 30 days though. Only references that it be in writing when adverse action is taken...."
	MBS Live Chat - 12:28PM "We have to send a Notice of Incompleteness if we have not made a decision in 30 days..."
	MBS Live Chat - 12:30PM "fixed 2nd..."
	MBS Live Chat - 12:32PM "REPRICE : 12:32 PM - Provident Funding Better..."
	MBS Live Chat - 12:38PM ""Sorry but I got my loan at Costco" Is this the future of our profession. Do people really mix finances and toilet paper together?..."
	MBS Live Chat - 12:38PM "both are commodities in the world of tomorrow..."
	MBS Live Chat - 12:39PM "Yeah, but bet they don't have any MND info at Costco!..."
	MBS Live Chat - 12:42PM "MG, MBS Live ticker in Costco...... Now we are cooking with peanut oil boys..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.49%

+0.01

15 Yr FRM

2.80%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.60%

+0.01

5/1 Yr ARM

3.00%

+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

3.43%

0.80

-0.11

15 Yr. Fixed

2.65%

0.70

-0.09

1 Yr. ARM

2.62%

0.30

-0.01

5/1 Yr. ARM

2.62%

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

104-03

-0-07

30YR FNMA 3.5

106-07

-0-03

30YR GNMA 3.0

105-30

-0-03

30YR GNMA 3.5

108-26

-0-01

15YR FNMA 3.0

105-13

-0-03

15YR FNMA 2.5

104-08

-0-03

Treasuries

Yield

Change

2 YR

0.2299%

+0.0079

5 YR

0.7018%

+0.0241

10 YR

1.7224%

+0.0358

30 YR

2.9077%

+0.0381

Prices as of: 4/16/2013 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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