Daily Newsletter: Wednesday May 8, 2013

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30 Year Fixed

                                                                3.52%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.77%
                                                                  
                                                                -0.0104

FNMA 30YR 3.5

                                                                106-06
                                                                  
                                                                +0-02

FNMA 15YR 2.5

                                                                105-16
                                                                  
                                                                +0-01

View Today's Rates

Wednesday May 8, 2013

MND NewsWire - 12:46PM

Freddie Mac Earnings Remain Near Record, Treasury Dividend Rises to $7.0 Billion

Freddie Mac is reporting that it earned net income of $4.6 billion in the first quarter of 2013, the second largest amount in the company's history , compared to $4.5 billion in the ...

MND NewsWire - 10:22AM

Mortgage Delinquencies Improve at Record Pace

The decline in mortgage delinquencies appears to be picking up speed according to TransUnion's quarterly delinquency report . The national rate of loans 60 or more days past due fell ...

MND NewsWire - 2:25PM

NY Attorney General Not a Big Fan of DeMarco, Doesn't Mind Saying so

In a relatively scathing op-ed published today in the New York Daily News, New York State Attorney General Eric T. Schneiderman again called on President Obama to appoint a new acting ...

Mortgage Rate Watch - 3:03PM

Mortgage Rates Hold Steady, Ending Four Day Losing Streak

Mortgage rates were almost perfectly flat today, ending a 4 day trend higher, for now. That trend began on Thursday and of course saw it's biggest surge after Friday's Job's report ...

Latest Video

Fed Helping to Keep Mortgage Rates Low

Housing 'A Mixed Bag' for Banks: Pro

MBA's Stevens on Mortgage Lending, U.S. Housing

More News from 'Around the Web'

CNBC - 12:52PM
Mortgage Lending Loosens...But Far From Loose
Reuters - 3:40PM
U.S. can pursue lawsuit against Bank of America over mortgages
Bloomberg - 2:53PM
Trulia to Acquire Market Leader for $355 Million - Bloomberg
WSJ - 1:25PM
Funds See Opportunity in Real Estate
CNBC - 12:52PM
Fed's Fisher: Politicians Holding Back Job Growth
Bloomberg - 9:41AM
Freddie Mac Will Pay Treasury $7 Billion on First-Quarter Profit - Bloomberg
CNBC - 7:38AM
US Mortgage Apps Jump as Rates Fall
CNBC - 10:26PM
Zillow Raises Forecast, Shares Gain
Bloomberg - 3:40PM
MBIA Said to Pay $350 Million to Settle SocGen Lawsuit - Bloomberg
www.easyir.com - 8:40AM
TransUnion: National Mortgage Loan Delinquency Rate Experiences Largest Quarterly and Yearly Drops on Record
www.gallup.com - 8:40AM
U.S. Stock Ownership Stays at Record Low
freddiemac.mwnewsroom.com - 8:33AM
Freddie Mac Reports First Quarter 2013 Financial Results

Today's Comments

	MBS Live Chat - 2:06PM "enough with these suits...."
	MBS Live Chat - 2:06PM "you see schneiderman's latest? he's 'unhappy' with Demarco it would seem..."
	MBS Live Chat - 2:09PM "http://ag.ny.gov/press-release/op-ed-obamas-underwater-rescue..."
	MBS Live Chat - 2:09PM ""DeMarco’s most notable achievement has been blocking programs to help struggling homeowners."..."
	MBS Live Chat - 2:10PM ""The 60% of American homeowners who carry loans serviced by Fannie Mae and Freddie Mac need and deserve the same kind of relief. Obama can deliver for these families by removing DeMarco, right now."..."
	MBS Live Chat - 2:14PM ""unhappy" I think you sugar coated that MG...."
	MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - Franklin American Better..."
	MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - AMC Better..."
	MBS Live Chat - 3:26PM "REPRICE : 3:26 PM - Wells Fargo Better..."
	MND NewsWire - 3:39PM "Think we can all agree that programs like HARP that help equity challenged borrowers reduce their monthly mortgage payment help prevent foreclosures, but principal reductions without reduced payments don't alleviate excessive mortgage payments. Expanding HARP would help struggling homeowners without..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.52%

+0.00

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.63%

+0.00

5/1 Yr ARM

2.98%

-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

3.67%

0.50

-0.01

15 Yr. Fixed

2.91%

0.34

-0.01

30 Yr. Jumbo

3.77%

0.27

-0.02

30 Yr. FHA

3.37%

0.55

-0.06

5/1 ARM

2.57%

0.29

-0.01

Freddie Mac **

30 Yr. Fixed

3.35%

0.70

-0.05

15 Yr. Fixed

2.56%

0.70

-0.05

1 Yr. ARM

2.56%

0.30

-0.06

5/1 Yr. ARM

2.56%

0.50

-0.02

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

104-00

+0-01

30YR FNMA 3.5

106-06

+0-02

30YR GNMA 3.0

105-26

+0-04

30YR GNMA 3.5

108-12

+0-03

15YR FNMA 3.0

105-16

+0-01

15YR FNMA 2.5

104-10

+0-02

Treasuries

Yield

Change

2 YR

0.2241%

+0.0001

5 YR

0.7436%

-0.0047

10 YR

1.7691%

-0.0104

30 YR

2.9895%

-0.0086

Prices as of: 5/8/2013 4:21PM 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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