Daily Newsletter: Wednesday June 12, 2013

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30 Year Fixed

                                                                4.05%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.23%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.23%
                                                                  
                                                                +0.0416

FNMA 30YR 3.5

                                                                102-27
                                                                  
                                                                -0-17

FNMA 15YR 2.5

                                                                103-17
                                                                  
                                                                -0-12

View Today's Rates

Wednesday June 12, 2013

MND NewsWire - 2:24PM

Fewer than 1 in 5 Homes Now Underwater, But Buoyancy Varies

Over three-quarters of a million homeowners emerged from being underwater on their mortgages during the first quarter of 2013 and 39 million households now have positive equity in their ...

MND NewsWire - 9:48AM

Some Aspects of Housing Discrimination Haven't Changed in 34 Years

The real story about racial discrimination in housing today, Shaun Donovan, Secretary of the Department of Housing and Urban Development (HUD) said, is the lack of any real differences ...

MND NewsWire - 2:43PM

HARP 2.0 Continues to Succeed Where 1.0 Fell Short

Nearly one-half million homeowners refinanced their mortgages in March according to the Refinance Report released by the Federal Housing Finance Agency (FHFA) today. Of the 461,652 ...

MND NewsWire - 9:07AM

Application Activity Recovers Despite Rising Mortgage Rates

After a string of dismal weeks during which refinancing activity dropped to its lowest level since November 2011, applications for both refinancing and purchasing picked up during the ...

Latest Video

JPMorgan Cutting Jobs

Home Sweet Homebuilders

We've Seen Great Rotation Begin: Bouroudjian

More News from 'Around the Web'

WSJ - 4:14PM
U.S. on Track for Smallest Deficit in 5 Years
Google News - 3:54PM
Are Fixed-Rate Government-Backed Mortgages Over?
CNBC - 3:51PM
Sweeping Volatility Not Impacting Treasury Auctions
Bloomberg - 2:01PM
Rescap Wins Bankruptcy Court Approval to Repay Ally - Bloomberg
CNBC - 1:54PM
Rising Rates Scare Borrowers Into Action
Realtor.Org - 1:54PM
Young Adults Sour on Buying? Study Says No
WSJ - 11:49AM
Number of Underwater' Borrowers Drops Below 10 Million
CNBC - 11:33AM
Cramer: This Is 'The Single Greatest' Housing Play
House Financial Services - 11:28AM
Chairman Hensarling on Successful Housing Finance Systems without Government Guarentees
WSJ - 10:23AM
Rising Mortgage Rates to Squeeze Pricey Markets First
CNBC - 10:21AM
Greece Downgraded Again -- Just Not How You Think
FHFA - 10:17AM
Refinance Volume Remains High In March
www.justice.gov - 10:17AM
Former Chief Executive of Mortgage Servicing Company Pleads Guilty to Bank Fraud for Scheme to Withhold Funds from Wells Fargo Bank
www.corelogic.com - 9:23AM
CoreLogic Reports 850,000 More Residential Properties Return to Positive Equity in First Quarter of 2013

Today's Comments

	MBS Live Chat - 1:45PM "i hope states change equity laws to match Texas...there is no reason why fha should allow a cashout refi..."
	MBS Live Chat - 1:46PM "same with VA...those should only be for buying or refi'ing to lower rate..."
	MBS Live Chat - 1:46PM "REPRICE : 1:46 PM - Flagstar Worse..."
	MBS Live Chat - 2:00PM "RTRS- U.S. MAY BUDGET DEFICIT $139 BLN (CONSENSUS $110 BLN) VS MAY 2012 DEFICIT $125 BLN -TREASURY..."
	MND NewsWire - 9:12PM "At last a reasonable and legally acceptable way to help the underwater homeowners now being held captive by the "unscrupulous lenders and secondary CDO partners from Wall Street " who actually created the prior real estate price buble. These re-written underwater private mortgages today will allow these..."
	MBS Live Chat - 2:00PM "RTRS- U.S. FISCAL 2013 YEAR-TO-DATE DEFICIT $626 BLN VS COMPARABLE FISCAL 2012 DEFICIT $844 BLN..."
	MBS Live Chat - 2:14PM "REPRICE : 2:14 PM - Chase Better..."
	MBS Live Chat - 2:17PM "Just got a "mid day rate change" from secondary and I quote ---- "some products improved, some products got worse."..."
	MBS Live Chat - 2:17PM "I definitely feel like rates rose too far too fast..."
	MBS Live Chat - 3:07PM "REPRICE : 3:07 PM - Provident Funding Worse..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.05%

+0.02

15 Yr FRM

3.23%

+0.04

FHA 30 Year Fixed

3.67%

+0.03

Jumbo 30 Year Fixed

4.30%

+0.03

5/1 Yr ARM

2.92%

+0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.03%

0.84

+0.07

30 Yr. Fixed

3.77%

1.20

+0.03

MBA **

30 Yr. Fixed

3.90%

0.39

+0.12

15 Yr. Fixed

3.10%

0.30

+0.14

30 Yr. Jumbo

4.07%

0.27

+0.14

30 Yr. FHA

3.62%

0.27

+0.09

5/1 ARM

2.60%

0.24

+0.00

Freddie Mac **

30 Yr. Fixed

3.91%

0.70

+0.10

15 Yr. Fixed

3.03%

0.70

+0.05

1 Yr. ARM

2.58%

0.40

+0.04

5/1 Yr. ARM

2.74%

0.50

+0.08

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

99-25

-0-15

30YR FNMA 3.5

102-27

-0-17

30YR GNMA 3.0

101-08

-0-16

30YR GNMA 3.5

104-09

-0-16

15YR FNMA 3.0

103-17

-0-12

15YR FNMA 2.5

101-16

-0-10

Treasuries

Yield

Change

2 YR

0.3258%

+0.0040

5 YR

1.1412%

+0.0294

10 YR

2.2298%

+0.0416

30 YR

3.3751%

+0.0583

Prices as of: 6/12/2013 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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