Daily Newsletter: Wednesday October 24, 2012

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30 Year Fixed

                                                                3.46%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                2.82%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.79%
                                                                  
                                                                +0.0316

FNMA 30YR 3.5

                                                                106-05
                                                                  
                                                                -0-06

FNMA 15YR 2.5

                                                                105-11
                                                                  
                                                                -0-03

View Today's Rates

Wednesday October 24, 2012

MND NewsWire - 3:09PM

Bank of America Sued for Alleged Countrywide "Hustle"

Bank of America (BOA) was sued in Federal Court today for civil mortgage fraud in a complaint seeking civil penalties as well as treble damages and penalties. The suit alleges that ...

MND NewsWire - 1:43PM

Over 25 Percent of Home Price Depreciation Due to Proximity of Foreclosures: Study

The enormous numbers of foreclosures over the last six years have, of course, had immediate impacts on the families who lose their homes. The effects include physical displacement, ...

MBS Commentary - 2:17PM

Differences Between Current And Previous FOMC Announcements

Information received since the Federal Open Market Committee met in August September suggests that economic activity has continued to expand at a moderate pace in recent months. Growth ...

Mortgage Rate Watch - 3:50PM

Mortgage Rates Relatively Unchanged After Fed Announcement

Mortgage rates were steady to slightly higher on Wednesday despite a big increase in the amount of economic data and events from the first two days of the week. Although the periodic ...

Latest Video

Bill Gross on the Fed

US Sues Bank of America

Will Housing Recovery Continue?

More News from 'Around the Web'

CNBC - 5:19PM
'Unusual Selling' Inside JPMorgan
CNBC - 4:38PM
Barney Frank Defends JPMorgan Against Bear Stearns Suit
NAR - 4:38PM
NAR: Cash Sales 28 Percent of Residential Sales
Business Week - 4:09PM
Ally mortgage servicing unit OKs $3B buyout offer
WSJ - 3:22PM
The Lone Dissenter: Richmond Fed's Lacker Marks New Milestone
www.freddiemac.com - 2:53PM
Freddie Mac Reimbursement System Enhancements Effective October 26
www.npr.org - 2:08PM
Mortgage Interest Deduction Could Be In Play
CNBC - 11:32AM
Home Builders Need Mortgage Bankers to Keep Recovery Alive
investors.flagstar.com - 10:56AM
Flagstar Reports Third Quarter Net Income of $79.7 million
www.aia.org - 10:37AM
AIA: Increase for Architecture Billings Index
The Basis Point - 10:19AM
BUILD YOUR OWN FED STATEMENT! (10/24/12 Edition)

Today's Comments

	Pipeline Press - 3:12PM "I believe the right to walking away from a bad investment so everyone should just start wrapping thier heads around that little fact. Homeowners are not stupid, and their not made out of money. Where is the responsibility of the companies that created this problem IE FNMA...currently in the hands of..."
	MBS Live Chat - 2:15PM "RTRS- FED SAYS WILL CONTINUE PURCHASES OF MBS AT PACE OF $40 BLN A MONTH; WILL CONTINUE PURCHASES OF MBS UNTIL LABOR MARKET IMPROVES SUBSTANTIALLY..."
	MBS Live Chat - 2:15PM "RTRS - FED SAYS EXPECT TO KEEP FEDERAL FUNDS RATE "EXCEPTIONALLY LOW" AT LEAST UNTIL MID-2015..."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.46%

+0.02

15 Yr FRM

2.82%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.86%

+0.02

5/1 Yr ARM

3.00%

+0.00

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

3.63%

0.45

+0.06

15 Yr. Fixed

2.96%

0.36

+0.09

30 Yr. Jumbo

3.85%

0.42

+0.04

30 Yr. FHA

3.41%

0.61

+0.07

5/1 ARM

2.72%

0.33

+0.13

Freddie Mac **

30 Yr. Fixed

3.37%

0.70

-0.02

15 Yr. Fixed

2.66%

0.60

-0.04

1 Yr. ARM

2.60%

0.40

+0.01

5/1 Yr. ARM

2.75%

0.60

+0.02

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

104-15

-0-07

30YR FNMA 3.5

106-05

-0-06

30YR GNMA 3.0

105-28

-0-07

30YR GNMA 3.5

108-12

-0-04

15YR FNMA 3.0

105-11

-0-03

15YR FNMA 2.5

104-10

-0-07

Treasuries

Yield

Change

2 YR

0.2931%

+0.0026

5 YR

0.7625%

+0.0066

10 YR

1.7906%

+0.0316

30 YR

2.9526%

+0.0501

Prices as of: 10/24/2012 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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