Daily Newsletter: Tuesday October 2, 2012

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30 Year Fixed

                                                                3.31%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.75%
                                                                  
                                                                +0.00

10 Year Treasury

                                                                1.6198%
                                                                  
                                                                +0.0035

FNMA 30YR 3.5

                                                                107-14
                                                                  
                                                                +0-01

FNMA 15YR 2.5

                                                                106-01
                                                                  
                                                                -0-01

View Today's Rates

October 2, 2012

Pipeline Press - 10:54AM

Unintended Consequences - Can Home Loan Rates Go to 0%? (Hint: Nope)

Funders and government workers (not the same!) know that next Monday is a holiday for many. October - it has Halloween! Wasn't it just the 4th of July? Halloween dates back to Celtic ...

MND NewsWire - 10:21AM

Home Prices up in August, Sharper Increase Predicted for September

Home prices in August posted the largest annual increase in over six years according to data released this morning by CoreLogic . The company's August Home Price Index (HPI) was up ...

Mortgage Rate Watch - 3:32PM

Mortgage Rates Edge Slightly Lower Ahead Of Employment Reports

Mortgage rates moved gently lower on Tuesday amid relatively calm market conditions. There was little if anything for markets to digest in the first place today, though that will change ...

MND NewsWire - 9:18AM

JP Morgan Sued over Bear Stearns RMBS Activity

The Justice Department (DOJ) task force formed to pursue past offenses in the creation, sale, and servicing of residential mortgage-backed securities (RMBS) filed its first suit yesterday ...

Latest Video

Bair: I Hope the Taskforce Focuses on Individual Wrongdoers

Is Lending Still Too Tight?

Santelli's Morning Bond Update

More News from 'Around the Web'

Bloomberg - 3:42PM
Fed Sees Demand Rise for Residential Mortgage Bond Financing
Business Week - 3:42PM
CIFG Sues Greenpoint Over $277 Million in Mortgage Loans
FICO - 12:36PM
FICO: No Shortcuts to Objectivity
CNBC - 1:26PM
CitiMortgage CEO on Tight Credit: 'There's Nothing Wrong with People Making Profits'
FHFA - 12:32PM
FHFA Announces Winning Investor in Chicago REO Pilot Initiative
Bloomberg - 12:35PM
Zillow Shares Drop as SEC Questions Revenue Disclosures - Bloomberg
www.npr.org - 7:30AM
Candidates Say Little On Difficult Issue Of Housing

Today's Comments

	MBS Live Chat - 1:30PM "Takes them time to get all of this set up in their systems... They want to have the new rates established in advance so they can smoothly move lower (if that is where the market goes)......"
	MBS Live Chat - 1:30PM "those "some lenders" also answer BB's question.... They're big enough to not need to sell it as MBS if they don't want to. They "seed" the market due to their size...."
	MBS Live Chat - 1:31PM "no, nothing to do with taking time to get things set up in their system. That's done well in advance of it making sense for them to offer the lower rates. They offer them and are prepared to portfolio them if the market bounces. If it doesn't, they're prepared to trade them. If that happens, then gradually..."

Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.31%

-0.02

15 Yr FRM

2.75%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.81%

-0.02

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

2.97%

1.12

-0.14

30 Yr. Fixed

3.74%

1.20

-0.10

MBA **

30 Yr. Fixed

3.36%

0.41

-0.36

15 Yr. Fixed

2.98%

0.41

-0.05

30 Yr. Jumbo

3.87%

0.33

-0.12

30 Yr. FHA

3.44%

0.41

-0.06

5/1 ARM

2.61%

0.41

+0.00

Freddie Mac **

30 Yr. Fixed

3.40%

0.60

-0.09

15 Yr. Fixed

2.73%

0.60

-0.04

1 Yr. ARM

2.60%

0.40

-0.01

5/1 Yr. ARM

2.71%

0.60

-0.05

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

105-30

+0-05

30YR FNMA 3.5

107-14

+0-01

30YR GNMA 3.0

107-18

+0-07

30YR GNMA 3.5

109-27

+0-02

15YR FNMA 3.0

106-01

-0-01

15YR FNMA 2.5

105-12

+0-03

Treasuries

Yield

Change

2 YR

0.2382%

+0.0000

5 YR

0.6154%

-0.0001

10 YR

1.6198%

+0.0035

30 YR

2.8144%

+0.0071

Prices as of: 10/2/2012 4:25PM 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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