Daily Newsletter: Friday May 17, 2013

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30 Year Fixed

                                                                3.68%
                                                                  
                                                                +0.08

15 Year Fixed

                                                                2.84%
                                                                  
                                                                +0.04

10YR Treasury

                                                                1.95%
                                                                  
                                                                +0.0749

FNMA 30YR 3.5

                                                                105-04
                                                                  
                                                                -0-13

FNMA 15YR 2.5

                                                                104-30
                                                                  
                                                                -0-07

View Today's Rates

Friday May 17, 2013

MND NewsWire - 2:04PM

Senator on a Mission to Change the Way Short Sales Affect Credit Reporting

Senator Bill Nelson (D-FL has asked for an investigation and possible "crackdown" on the manner in which short sales are impacting consumer credit files . Nelson said that short sales ...

Mortgage Rate Watch - 3:51PM

Mortgage Rates Jump Back To Recent Highs, More Volatility Ahead

Mortgage rates moved higher at their fastest pace in two weeks , after having their best day in more than 6 weeks just yesterday. The net effect for rates is not good, leaving them ...

MND NewsWire - 3:18PM

Home Sales Would Rise 15-20 Percent With 720 FICO - NAR

Lawrence Yun, chief economist for the National Association of Realtors® (NAR) said Thursday it might be time to " dial down the credit stringency ." If the credit scores required ...

MND NewsWire - 4:56PM

Consumer Mortgage Choice Act Under Fire From CFL

The Center for Responsible Lending (CFL) has released a brief issues paper voicing objections to HR 1077 , The Consumer Mortgage Choice Act. The bill currently sits in the House Financial ...

Latest Video

Betting Big on Apartments

Kocherlakota Urges Fed to Focus on 'Real' Rate

Seib & Wessel: Bernanke Faces Lawmakers’ Questions

More News from 'Around the Web'

Bloomberg - 3:27PM
Wells Fargo Postpones Some Foreclosure Sales After OCC Guidance - Bloomberg
SIFMA - 3:26PM
In Case You Missed It: FHA Official Concerned About Mortgages Seized by Eminent Domain
Reuters - 2:36PM
Fed has not lowered interest rates enough: Kocherlakota
Google News - 2:34PM
Opportunities Abound in Housing Market but Challenges Remain
CNBC - 1:49PM
U.S. judge blocks $13 million arbitration award against SunTrust
CRL - 1:29PM
HR 1077 Would Legalize Risky Loan Features
OCC - 1:28PM
Independent Foreclosure Review Payments Approach $2.2 Billion
blog.hud.gov - 12:50PM
Fair Housing Means EVERYONE
www.aei-ideas.org - 11:32AM
Is inequality hurting the US economic recovery?
Google News - 11:28AM
Realtors® Can Increase Their Value by Better Leveraging Technology, Says realtor.com®
WSJ - 10:37AM
Can This House Sell for $190 Million?
Reuters - 10:35AM
May consumer sentiment rises to highest in nearly six years
CNBC - 10:32AM
Even as Housing Revives, Apartment Growth to Boom
SIFMA - 9:34AM
SIFMA Market Close Recommendations for US Memorial Day and UK Spring Bank Holidays in the US, the UK and Japan
www.treasury.gov - 2:27PM
Secretary Lew Sends Debt Limit Letter to Congress

Today's Comments

	MBS Live Chat - 12:10PM "this all seems like such an over reaction..."
	MBS Live Chat - 12:12PM "just setting up that pre-FOMC range. Hopefully you've been reading the blog posts on MND. I've been talking more about it there...."
	MBS Live Chat - 12:17PM ""To help maintain a healthy fear of selling, keep in mind that most options for charting intermediate term (around 6-9 months) are bearish. Simple technicals are still bearish as well, as seen with the set of long to short moving averages on the chart (green/red crossing orange is an early signal while..."
	MBS Live Chat - 12:18PM "from : http://www.mortgagenewsdaily.com/mortgage_rates/blog/309072.aspx..."
	MBS Live Chat - 12:10PM "REPRICE : 12:10 PM - Sierra Pacific Worse..."
	MBS Live Chat - 12:30PM "REPRICE : 12:30 PM - Flagstar Worse..."
	MBS Live Chat - 12:31PM "REPRICE : 12:31 PM - Plaza Worse..."
	MBS Live Chat - 12:41PM "REPRICE : 12:41 PM - Interbank Worse..."
	MBS Live Chat - 12:43PM "REPRICE : 12:43 PM - Fifth Third Mortgage Worse..."
	MBS Live Chat - 1:15PM "REPRICE : 1:15 PM - Chase Worse..."
	MND NewsWire - 9:48AM "It would be good to know how Dr. Stiff anticipates the market reacting to the Fed's foreseen reduction in purchases of MBS and Treasuries. How will demand for housing be impacted by rising interest rates on mortgage financing and rising demand for high quality MBS and treasuries. It seems that, as interest..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.68%

+0.08

15 Yr FRM

2.84%

+0.04

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.77%

+0.06

5/1 Yr ARM

3.00%

+0.00

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%

0.41

+0.08

15 Yr. Fixed

2.88%

0.31

+0.07

30 Yr. Jumbo

3.87%

0.25

+0.08

30 Yr. FHA

3.43%

0.16

+0.08

5/1 ARM

2.55%

0.23

+0.02

Freddie Mac **

30 Yr. Fixed

3.51%

0.70

+0.09

15 Yr. Fixed

2.69%

0.70

+0.08

1 Yr. ARM

2.55%

0.40

+0.02

5/1 Yr. ARM

2.62%

0.50

+0.04

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

102-16

-0-19

30YR FNMA 3.5

105-04

-0-13

30YR GNMA 3.0

103-29

-0-22

30YR GNMA 3.5

107-04

-0-15

15YR FNMA 3.0

104-30

-0-07

15YR FNMA 2.5

103-12

-0-12

Treasuries

Yield

Change

2 YR

0.2458%

+0.0125

5 YR

0.8318%

+0.0473

10 YR

1.9541%

+0.0749

30 YR

3.1686%

+0.0718

Prices as of: 5/17/2013 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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