Daily Newsletter: Wednesday October 31, 2012

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30 Year Fixed

                                                                3.43%
                                                                  
                                                                +0.00

15 Year Fixed

                                                                2.80%
                                                                  
                                                                +0.00

10YR Treasury

                                                                1.69%
                                                                  
                                                                -0.0261

FNMA 30YR 3.5

                                                                106-16
                                                                  
                                                                +0-06

FNMA 15YR 2.5

                                                                105-14
                                                                  
                                                                +0-03

View Today's Rates

Wednesday October 31, 2012

Pipeline Press - 12:23PM

Changes in Correspondent Lending Landscape; Stats Show Very Slow Return of Borrowers that Default

With our without the storm damage, here in the U.S. there are 41 million potential trick-or-treaters (children age 5 to 14; see joke at bottom) across the United States. And they can ...

MND NewsWire - 12:39PM

GSEs, Mortgage Insurers Delegate Short Sale Authority to Servicers to Ease Process

Agreements were announced on Wednesday with nine private insurance carriers that will make foreclosure alternatives much quicker and easier for some Freddie Mac and Fannie Mae (the ...

MND NewsWire - 10:58AM

CFPB Reminds Homeowners to be Aware of Loan Scams After a Natural Disaster

The Consumer Financial Protection Bureau (CFPB) reposted one of its earliest blog postings today to help the victims of Hurricane Sandy avoid the types of crimes that invariably follow ...

MND NewsWire - 10:50AM

57,000 Foreclosures Completed in September; Down Nearly a Third from Last Year

While completed foreclosures continued to drop in September, CoreLogic's National Foreclosure Report points out that they are still nearly triple what could be considered the typical ...

Mortgage Rate Watch - 3:03PM

Mortgage Rates Hold Steady In Spite Of Improved Market Conditions

Mortgage rates were all over the board on Wednesday in terms of their movements relative to each other and trading levels in the Secondary Mortgage Market. Some lenders were priced ...

Latest Video

Shiller: Housing Recovery Could Take a While

Shuttered Banks Slowly Coming Back

Real Estate Magnate Assesses NYC Damage

More News from 'Around the Web'

CNBC - 4:07PM
Shiller: Housing Market Could Take 50 Years to Fully Recover
Reuters - 3:37PM
Citi banking site briefly down, bank declines to discuss cause
The Basis Point - 2:28PM
Originations: Mortgage & Insurance Help Post Hurricane Sandy
blog.hud.gov - 2:28PM
HUD: Rebuilding after Hurricane Sandy
www.freddiemac.com - 2:28PM
Freddie Mac: Loan Prospector November 18 Release
NAR - 12:14PM
NAR: First Time Buyers 32 Percent of Residential Buyers in September
NY Fed - 12:13PM
NY Fed: Shadow Banking - A Review of the Literature
Freddie Mac - 12:03PM
Freddie Mac, Mortgage Insurers Make Short Sales Easier To Process Starting November 1, 2012
www.mersinc.org - 9:55AM
MERS Prevails Against Recording Fee Claim
Business Week - 9:52AM
Fannie, Freddie Sued in Florida Over Transfer Taxes
Bloomberg - 9:52AM
Freddie Mac's 'Omniscient Gnomes' Led the Company Astray

Today's Comments

	Community Commentary - 8:36AM "I try to attend most closings and went to 3 last week. My frustration with the industry is a bit less with the guidelines and more with the increased fees that have skyrocketed thanks to the measures designed to protect the consumer. Appraisal fees, +$100-$125 Attorney fees, +$200-$300 Lender UW fees..."
	Community Commentary - 5:02PM "Frank: Great article! I attend about 90% of my closings and title agents and realtors are always surprised when the mortgage broker shows up! You have a few who would join you in your quest...."
	MND NewsWire - 2:18PM "And Fannie Mae and Freddy didnt have people working there who were bright enough to notice something wasnt right, is that it?? Yeah, nobody is going to jail so that tells you we do not have the entire story. These are absolute federal offenses...."
	Community Commentary - 7:56PM "Spot on Frank! More and more I see originators 'coming out' and letting American consumers know just how they feel. It was once an honor to originate loans. I get those same calls you do...from high quality, credit responsible, hard working people, many of whom are my friends and even some my family..."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.43%

+0.00

15 Yr FRM

2.80%

+0.00

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.83%

+0.00

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

3.03%

0.86

+0.06

30 Yr. Fixed

3.76%

1.10

+0.02

MBA **

30 Yr. Fixed

3.65%

0.39

+0.02

15 Yr. Fixed

2.95%

0.35

-0.01

30 Yr. Jumbo

3.94%

0.36

+0.09

30 Yr. FHA

3.41%

0.76

+0.00

5/1 ARM

2.66%

0.33

-0.06

Freddie Mac **

30 Yr. Fixed

3.41%

0.70

+0.04

15 Yr. Fixed

2.72%

0.60

+0.06

1 Yr. ARM

2.59%

0.40

-0.01

5/1 Yr. ARM

2.75%

0.60

+0.00

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

104-29

+0-07

30YR FNMA 3.5

106-16

+0-06

30YR GNMA 3.0

106-11

+0-07

30YR GNMA 3.5

108-26

+0-07

15YR FNMA 3.0

105-14

+0-03

15YR FNMA 2.5

104-19

+0-06

Treasuries

Yield

Change

2 YR

0.2853%

-0.0078

5 YR

0.7213%

-0.0207

10 YR

1.6945%

-0.0261

30 YR

2.8611%

-0.0207

Prices as of: 10/31/2012 4:32PM 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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