Daily Newsletter: Wednesday October 17, 2012

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30 Year Fixed

                                                                3.45%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                2.79%
                                                                  
                                                                +0.02

10YR Treasury

                                                                1.82%
                                                                  
                                                                +0.0929

FNMA 30YR 3.5

                                                                106-02
                                                                  
                                                                -0-09

FNMA 15YR 2.5

                                                                105-09
                                                                  
                                                                -0-08

View Today's Rates

October 17, 2012

MND NewsWire - 12:03PM

MBA Weighs in on Proposed LO Compensation and Qualifications

The Mortgage Bankers Association has sent a letter and supporting materials to the Consumer Financial Protection Bureau providing its opinion on the CPFB's proposed rule on mortgage ...

MND NewsWire - 2:37PM

Origination Report: Loan Processing Times on the Rise, Closing Rates Improve in September

While the time to close a loan increased again in September, lenders are closing a significantly higher portion of loans than they have in earlier months according to the Origination ...

Mortgage Rate Watch - 2:09PM

Mortgage Rates Higher Again Ahead Of High Risk Events

Mortgage rates moved higher for the third straight day on Wednesday as markets gear up for important data and events on Thursday. Interest rates in the broader bond markets moved higher ...

MND NewsWire - 10:27AM

With a 0.22% Recovery Rate, OIG Recommends Tighter Oversight of GSE Deficiency Collections

In 2011 the two government sponsored enterprises (GSEs) pursued deficiencies following foreclosures in the amount of $2.1 billion but collected only 4.7 million from defaulted borrowers ...

MBS Commentary - 4:39PM

MBS RECAP: Snowball Selling In Bond Markets Ahead Of EU Summit

MBS Live : MBS Afternoon Market Summary Although there's no way to know whether or not history will repeat itself this time, we've seen this pattern of behavior before where markets ...

Latest Video

Appraisals: Housing Killer?

FBI, NYPD Arrest Suspected Terrorist

Citi's Expansion of Shadow Banking

More News from 'Around the Web'

CNBC - 4:03PM
Suspect Arrested for Alleged Plot to Attack NY Fed
WSJ - 2:19PM
Why Housing Construction Is Rebounding
WSJ - 1:11PM
Should Fannie, Freddie Do More to Go After Strategic' Defaulters?
Bloomberg - 1:10PM
Subprime Lender Springleaf Plans $787 Million Mortgage-Bond Sale
CNBC - 1:08PM
Apartment Bubble Inflating Fast
Business Week - 9:07AM
BofA Says Housing Market Has 'Clearly Begun to Turn a Corner'
Market Watch - 9:06AM
M&T Bank profit grows by 60%
Business Week - 9:03AM
Fla. Attorney General not budging on mortgage settlement
CNBC - 7:43AM
Boring Bankers Replace Masters of the Universe'

Today's Comments

	MND NewsWire - 9:50AM "Sounds just a bit naive to me! The Judges all over the US have been seeing the fraud brought into their Courts by their own learned colleges. This is not new, the is common knowledge. The fraudulent foreclosure the judiciary across this Nation have sanctioned have proven to the people of this Nation..."
	MND NewsWire - 12:22PM "Nonsense Bryan. The appraiser doesn't kill the deal. Just because a realtor helps a buyer and seller agree on a price, it doesn't mean it is the market value of the property from a lending perspective. As far as "who" is the appraiser--he is the guy/gal given the impossible task of satisfying the real..."

Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.45%

+0.03

15 Yr FRM

2.79%

+0.02

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.85%

+0.03

5/1 Yr ARM

3.01%

-0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

2.97%

1.12

-0.14

30 Yr. Fixed

3.74%

1.20

-0.10

MBA **

30 Yr. Fixed

3.56%

0.39

+0.03

15 Yr. Fixed

2.88%

0.40

-0.02

30 Yr. Jumbo

3.74%

0.40

-0.08

30 Yr. FHA

3.34%

0.71

-0.03

5/1 ARM

2.60%

0.36

+0.01

Freddie Mac **

30 Yr. Fixed

3.39%

0.70

+0.03

15 Yr. Fixed

2.70%

0.60

+0.01

1 Yr. ARM

2.59%

0.40

+0.02

5/1 Yr. ARM

2.73%

0.60

+0.01

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

104-12

-0-15

30YR FNMA 3.5

106-02

-0-09

30YR GNMA 3.0

105-28

-0-18

30YR GNMA 3.5

108-09

-0-12

15YR FNMA 3.0

105-09

-0-08

15YR FNMA 2.5

104-10

-0-11

Treasuries

Yield

Change

2 YR

0.2982%

+0.0281

5 YR

0.7749%

+0.0792

10 YR

1.8167%

+0.0929

30 YR

2.9934%

+0.0724

Prices as of: 10/17/2012 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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