Daily Newsletter: Thursday September 27, 2012

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30 Year Fixed

                                                                3.32%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                2.75%
                                                                  
                                                                0.00

10 Year Treasury

                                                                1.6473%
                                                                  
                                                                +0.0344

FNMA 30YR 3.5

                                                                107-06
                                                                  
                                                                -0-11

FNMA 15YR 2.5

                                                                106-00
                                                                  
                                                                -0-08

View Today's Rates

September 27, 2012

Mortgage Rate Watch - 3:10PM

Mortgage Rates Move Higher For The First Time In Two Weeks

Mortgage rates finally broke their unprecedented winning streak on Thursday as rates moved higher for the first time since the Fed announced it's third round of quantitative easing ...

MND NewsWire - 9:25AM

OIG: FHFA not Consistently Involved in GSE Decisions

The most recent evaluation of the FHFA by it's Office of Inspector General (OIG), released on Thursday, found that FHFA had perhaps delegated too much of its authority back to the Fannie ...

MND NewsWire - 10:23AM

Mortgage Metrics Report Shows Increase in "Seasonal" Delinquencies

The performance of mortgages serviced by banks regulated by the Office of Comptroller of the Currency (OCC) declined in the second quarter but was improved over the same period one ...

MND NewsWire - 11:34AM

Pending Home Sales Cool after Summer Upswing

The report this morning from the National Association of Realtors® ( NAR ) on pending home sales shows continued volatility in the housing market. After reaching a two-year peak ...

Latest Video

Charles Plosser on QE3, Unemployment, Fed Policy

Santelli: Europe 'Systemically Important'

Climbing the Property Ladder

More News from 'Around the Web'

CNN - 3:03PM
Major banks hit with biggest cyberattacks in history
Reuters - 3:02PM
U.S. builders put home buyers into credit boot camp
CNBC - 11:54AM
Farr: Is Housing Finally Showing Signs of Life?
WSJ - 10:35AM
Should Fed Chairman Have a Single Term, Single Mandate?
Freddie Mac - 10:27AM
Freddie Mac Wins Dismissal of Federal Securities Lawsuit
Business Week - 10:26AM
Plosser Says Fed is Prepared to Respond to Europe Crisis
Freddie Mac - 10:07AM
Freddie Mac: All-Time Low, 30-Year Fixed-Rate Mortgage Averages 3.40 Percent
FHFA - 8:47AM
FHFA Reports Average Mortgage Interest Rates

Today's Comments

	MBS Commentary - 2:36PM "Hi MG, I love reading your updates! Thanks! One thing I wish, wish, wish you could do, though, is change the "MBS Pricing Snapshot" to include the primary MBS bonds that are being used to price loans, i.e., the 3.0 and (increasingly) the 2.5. Seeing 3.5 and 4.0 bonds priced upwards of 107 doesn't really..."
	Pipeline Press - 10:23AM "Now that was the most enlightening thing I have seen in a long time. You can't imagine how many times, and how much time I have spent separating whites and yokes. The Chinese must be saying "The Yokes on You"..."
	MND NewsWire - 12:46AM "It is remarkable how little vision there is from the Romney campaign on housing. I didn't vote for the incumbent President, but I can say if the only issue on the table was housing finance reform and a consumer focused housing relief plan, the current administration wins hands down. And Kudos to the..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.32%

+0.03

15 Yr FRM

2.75%

0.00

FHA 30 Year Fixed

3.25%

+0.02

Jumbo 30 Year Fixed

3.81%

+0.02

5/1 Yr ARM

3.01%

+0.02

What are best-execution rates?

View: Current Mortgage 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

* 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

105-16

-0-14

30YR FNMA 3.5

107-06

-0-11

30YR GNMA 3.0

107-00

-0-16

30YR GNMA 3.5

109-17

-0-10

15YR FNMA 3.0

106-00

-0-08

15YR FNMA 2.5

105-00

-0-06

Treasuries

Yield

Change

2 YR

0.2539%

-0.0079

5 YR

0.6393%

+0.0304

10 YR

1.6473%

+0.0344

30 YR

2.8324%

+0.0477

Prices as of: 9/27/2012 4:29PM EST

View: Current MBS 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.

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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