Daily Newsletter: Tuesday November 20, 2012

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30 Year Fixed

                                                                3.41%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                2.77%
                                                                  
                                                                -0.01

10YR Treasury

                                                                1.66%
                                                                  
                                                                +0.0511

FNMA 30YR 3.5

                                                                106-13
                                                                  
                                                                -0-03

FNMA 15YR 2.5

                                                                105-11
                                                                  
                                                                -0-03

View Today's Rates

Tuesday November 20, 2012

Community Commentary - 1:48PM

More Lowlights than Highlights in HUD's Report to Congress

HUD's report on FHA's finances to Congress was a mere 64 pages. Here's the top (or bottom!) 10 summary for those who lack the time or motivation to peruse the entire report: FHA is ...

Community Commentary - 2:53PM

To be Frank: Finding Common Ground - The Student Teacher Circle

I remember when I first learned how to process a loan . Concepts I had never learned as a media arts major in college or from my minor in business rolled off the tongues of underwriters ...

Mortgage Rate Watch - 3:38PM

After Starting Steady, Mortgage Rates Move Higher In The Afternoon

Mortgage rates started out the day mixed but mostly lower as lenders passed along market improvements from late in yesterday's session. Mid-morning headlines about a potential ceasefire ...

Pipeline Press - 11:43AM

Freddie Tweaks Relief Refi Program; Collection of Company and Builder Business Q&A Tidbits; FAMC jobs

Well, if you can't fix your brakes, make your horn louder . Odd logic is somewhat humorous. But as any LO or servicer knows, just because you modify someone's mortgage doesn't mean ...

Latest Video

Bernanke Sounds of on Fiscal Cliff

Santelli: Statistics That 'Compromise' Reality

Housing Starts Unexpectedly Rise to Four-Year High

More News from 'Around the Web'

CNBC - 5:02PM
Tight Lending Is Choking Nascent Housing Recovery
Reuters - 2:49PM
New York sues Credit Suisse over mortgage securities
Federal Reserve - 2:44PM
Fed: Minutes of the Board's discount rates meetings from September 24 through October 22, 2012
business.time.com - 1:35PM
Study: 10,000 Identity Theft Rings in U.S.
www.aei.org - 1:18PM
Pinto: Is housing healthy?
CNBC - 1:16PM
Bernanke: No New Stimulus Despite Weak Recovery
Federal Reserve - 1:15PM
Agencies announce increases in dollar thresholds in regulations Z and M for exempt consumer credit and lease transactions
CNBC - 10:57AM
The Housing Recovery Is Getting Real
CNBC - 7:31AM
US Stocks Seen Lower After France Downgrade

Today's Comments

	MBS Live Chat - 1:11PM "RTRS- BERNANKE: FED DOES NOT HAVE THE TOOLS TO OFFSET FULL HARM OF GOING OFF THE FISCAL CLIFF..."
	MBS Live Chat - 1:06PM "Bernanke now echoing previous statements from other Fed govs on "interest on excess reserves" being more appropriately used as a policy tightening tool vs stimulus tool..."
	MBS Live Chat - 1:00PM "RTRS - BERNANKE: CAN ENTER 'POSITIVE VIRTUOUS CIRCLE' IF HOUSING KEEPS MOVING IN RIGHT DIRECTION..."
	MND NewsWire - 5:38PM "The majority of my closings are under 40 days, With clients who are 'on it' in terms of providing requested documents expeditiously, scheduling appraisals quickly and signing docs ASAP, then closing under 30 has been the case. I've even had a handful of 21 day closings over the last month,..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.41%

-0.02

15 Yr FRM

2.77%

-0.01

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.61%

-0.02

5/1 Yr ARM

3.00%

-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

3.34%

0.70

-0.06

15 Yr. Fixed

2.65%

0.70

-0.04

1 Yr. ARM

2.55%

0.30

-0.04

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

104-24

-0-07

30YR FNMA 3.5

106-13

-0-03

30YR GNMA 3.0

106-06

-0-08

30YR GNMA 3.5

108-12

-0-03

15YR FNMA 3.0

105-11

-0-03

15YR FNMA 2.5

104-11

-0-06

Treasuries

Yield

Change

2 YR

0.2581%

+0.0121

5 YR

0.6631%

+0.0304

10 YR

1.6625%

+0.0511

30 YR

2.8174%

+0.0589

Prices as of: 11/20/2012 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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