Daily Newsletter: Friday November 2, 2012

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30 Year Fixed

                                                                3.45%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                2.81%
                                                                  
                                                                +0.01

10YR Treasury

                                                                1.72%
                                                                  
                                                                -0.0034

FNMA 30YR 3.5

                                                                106-18
                                                                  
                                                                +0-07

FNMA 15YR 2.5

                                                                105-14
                                                                  
                                                                +0-04

View Today's Rates

Friday November 2, 2012

Community Commentary - 2:36PM

To be Frank: A Letter To Governor Romney Before Next Tuesday's Election

Dear Governor Romney, As the election approaches next week, I feel compelled as a twenty year veteran of the housing industry to offer some perspective from the frontline of the battle ...

Community Commentary - 2:37PM

To be Frank: A Letter to President Obama Ahead of Next Tuesday's Election

Dear President Obama, As the election approaches next week, I feel compelled as a twenty veteran of the housing industry to write a letter that speaks to the fundamental truth of the ...

Pipeline Press - 9:01AM

Do Mortgage Brokers Add Value?; National Mortgage Database; Sandy and Warehouse Banks

"Spring ahead, fall back!" Sunday morning, folks in most states will receive an extra hour of snooze time! What's the difference between a hurricane and a "superstorm?" Well, Sandy ...

Mortgage Rate Watch - 2:09PM

Mortgage Rates Mixed Following Employment Report

Mortgage rates were slightly higher in some cases but generally held up surprisingly well after today's Employment Situation Report showed a higher-than-expected amount of job creation ...

MND NewsWire - 3:55PM

Is a Sellers' Market Emerging in California?

A sellers' market appears to be emerging in some areas in California. The California Association of Realtors® (C.A.R.) said Thursday that favorable home prices and record-low interest ...

Latest Video

Santelli & Liesman Fight Over Jobs Math

Loan Market Tough, But Not For Campaigns

Shiller: Housing Recovery Could Take a While

More News from 'Around the Web'

Reuters - 3:13PM
Sandy to test revamped federal flood insurance program
Reuters - 1:28PM
BofA may already be above global capital standards: CFO
www.freddiemac.com - 1:06PM
Freddie Mac: Revised Guidelines Issued for Mortgages Secured by Properties Impacted by Disasters
Reuters - 10:30AM
Wells Fargo sees more opportunity in refinancings
DataQuick - 10:28AM
DataQuick: September Miami Home Sales Report
content.govdelivery.com - 10:22AM
FDIC to Hold Meeting of Advisory Committee on Community Banking
Bloomberg - 10:21AM
Ally Reports $384 Million Profit for Third Quarter
CNBC - 8:18AM
The Next Big Thing in Luxury-Branded Real Estate
Bloomberg - 8:22PM
Colony Wins Fannie Foreclosure Auction for $176 Million
Reuters - 8:22PM
Fed's Rosengren draws line in the sand on QE3 bond buys
FHFA - 8:19PM
FHFA Statement on REO Pilot Transactions
Mortgage Crisis Watch - 3:10PM
Loan Originators Be Warned: Not All Errors Justify Buyback Demands

Today's Comments

	MBS Commentary - 10:45PM ""ADP is dedicated to providing the deepest, richest insights in order to help inform workforce strategies. Launched in 2006, the ADP National Employment Report has been a major part of that effort by providing a monthly snapshot of the current U.S. nonfarm private sector employment situation based on..."
	MND NewsWire - 7:46PM "I'm sure that there are people who need to look at regional and national statistics. Policy makers, government agencies, manufacturers for construction materials and financiers to name a few, so the C.A.R. information likely serves these groups. But for those that will likely turn this industry around..."
	MND NewsWire - 2:14AM "I think this should be have the details even before 1998. However, it would be helpful...."
	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...."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.45%

+0.01

15 Yr FRM

2.81%

+0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.85%

+0.01

5/1 Yr ARM

2.99%

-0.01

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

3.39%

0.70

-0.02

15 Yr. Fixed

2.70%

0.70

-0.02

1 Yr. ARM

2.58%

0.40

-0.01

5/1 Yr. ARM

2.74%

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

104-29

+0-09

30YR FNMA 3.5

106-18

+0-07

30YR GNMA 3.0

106-11

+0-09

30YR GNMA 3.5

108-28

+0-07

15YR FNMA 3.0

105-14

+0-04

15YR FNMA 2.5

104-19

+0-05

Treasuries

Yield

Change

2 YR

0.2855%

+0.0001

5 YR

0.7260%

-0.0128

10 YR

1.7243%

-0.0034

30 YR

2.9139%

+0.0097

Prices as of: 11/2/2012 3:17PM 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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