Daily Newsletter: Tuesday October 16, 2012

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30 Year Fixed

                                                                3.42%
                                                                  
                                                                +0.05

15 Year Fixed

                                                                2.77%
                                                                  
                                                                +0.02

10YR Treasury

                                                                1.72%
                                                                  
                                                                +0.0539

FNMA 30YR 3.5

                                                                106-11
                                                                  
                                                                -0-04

FNMA 15YR 2.5

                                                                105-17
                                                                  
                                                                -0-02

View Today's Rates

October 16, 2012

MND NewsWire - 4:51PM

FHFA: Hard Hit States Taking Advantage of HARP

Refinancing through Freddie Mae and Fannie Mae jumped sharply in August as homeowners continued to take advantage of record low rates . The two government sponsored enterprises (GSEs ...

MND NewsWire - 9:12AM

Is the CFPB Caving on QM?

A late-breaking WSJ story tonight covered a potential compromise on a government proposal to legislate loan approval guidelines, and it requires some further comment… The piece ...

Mortgage Rate Watch - 1:56PM

Mortgage Rates Rise At Quickest Pace In A Week

Mortgage rates continued higher on Tuesday, rising at a faster pace than Monday, and reversing two days of improvements at the end of last week. The change in rates versus yesterday ...

MND NewsWire - 12:34PM

Home Builder Confidence at 6-year High

The National Association of Home Builder's (NAHB)/Wells Faro Housing Market Index (HMI) again edged closer to positive territory this month, increasing one point to 41 , the sixth consecutive ...

Latest Video

Bair Says Pandit Exit ‘Very Positive’ for Citigroup

Citi's Pandit Steps Down As CEO

House Flippers Return

More News from 'Around the Web'

CNBC - 2:40PM
Wilbur Ross: Banks 'Too Complex to Manage'
FHFA - 2:40PM
FHFA: HARP Loans Continue Strong Pace in August
Market Watch - 1:39PM
Fed's Raskin: 'Disturbing uptick' in bank risks
The Basis Point - 12:57PM
Save your fake outrage on mortgage regulation compromises
www.freddiemac.com - 12:46PM
Freddie Mac: Enhancements to Online Forms 16SF and 1107SF
CNBC - 11:20AM
Credit Clips Homebuilder Confidence
The Big Picture - 9:39AM
Does JP Morgan's Mortgage Putback Reserve Disclosures Make Sense?
www.npr.org - 7:46AM
Renters No More: Newbies Lured To Homeownership
Bloomberg - 7:42AM
PNC Profit Rises 11% as Mortgages Help Drive Increase in Revenue

Today's Comments

	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..."
	MND NewsWire - 10:46AM "NAR has a god handle on what is occurring in this matter. I wonder if there are people who were around prior to licensing and realize the difference in the quality of the appraisal industry vs what we have now? Two main ingredients for higher standards were professionalism and independence. The present..."
	MND NewsWire - 10:06AM "The Wichita Area Realtors Association recently had a fund raising golf tournament for RPAC. An appraisal group came in with the low score. Coincidence?..."

Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.42%

+0.05

15 Yr FRM

2.77%

+0.02

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.82%

+0.05

5/1 Yr ARM

3.03%

+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

3.56%

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

104-27

-0-07

30YR FNMA 3.5

106-11

-0-04

30YR GNMA 3.0

106-14

-0-08

30YR GNMA 3.5

108-21

-0-04

15YR FNMA 3.0

105-17

-0-02

15YR FNMA 2.5

104-21

-0-05

Treasuries

Yield

Change

2 YR

0.2701%

+0.0081

5 YR

0.6957%

+0.0322

10 YR

1.7238%

+0.0539

30 YR

2.9210%

+0.0711

Prices as of: 10/16/2012 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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