Daily Newsletter: Monday November 5, 2012

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30 Year Fixed

                                                                3.38%
                                                                  
                                                                -0.07

15 Year Fixed

                                                                2.75%
                                                                  
                                                                -0.06

10YR Treasury

                                                                1.68%
                                                                  
                                                                -0.0350

FNMA 30YR 3.5

                                                                106-20
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                105-15
                                                                  
                                                                +0-02

View Today's Rates

Monday November 5, 2012

Mortgage Rate Watch - 2:03PM

Mortgage Rates Lowest In Three Weeks Ahead Of Election

While some of the improvement came in the form of late day reprices on Friday, mortgage rates are appreciably lower to begin the week. Movement varied this morning with some lenders ...

MND NewsWire - 5:45PM

Freddie Mac sees Continued Healthy Multi-family Market

Home ownership, which has already dropped 2.7 percent since the start of the current housing crisis, is expected to decline another 1 to 2 percentage points if the current slow recovery ...

Pipeline Press - 12:06PM

The Cons of Brokering Out Loans; Barron's take on Radian; Reverse Mortgage Lending Slows

Here's something that may sway a few undecided voters. (Is anyone undecided at this point?) The U.S. debt ceiling is expected to be reached before 2013, the Treasury Department said ...

Community Commentary - 2:37PM

A Letter to President Obama Ahead of Next Tuesday's Election

See also: A Letter To Governor Romney Before Next Tuesday's Election Dear President Obama, As the election approaches next week, I feel compelled as a twenty veteran of the housing ...

Community Commentary - 2:36PM

A Letter To Governor Romney Before Next Tuesday's Election

See Also: A Letter to President Obama Ahead of Next Tuesday's Election Dear Governor Romney, As the election approaches next week, I feel compelled as a twenty year veteran of the housing ...

Latest Video

Santelli: Compromise or Flip-Flopping?

Santelli's Morning Bond Update

Santelli & Liesman Fight Over Jobs Math

More News from 'Around the Web'

National Housing Conference - 3:49PM
Permanent triage in housing assistance
NMLS - 3:10PM
NMLS: Mortgage Call Report Submissions for Licensees Affected by Hurricane Sandy
Reuters - 2:52PM
JPMorgan loses bid to toss FHFA's mortgage debt lawsuit
Business Week - 2:52PM
Royal Park Sues Bank of America Over Mortgage Securities
Freddie Mac - 1:44PM
Freddie Mac: Multifamily Market To Remain Strong Through 2015 With 1.7 Million New Renters
CNBC - 1:44PM
Election and Housing: Is Your Home's Value Better Off?
Bloomberg - 11:32AM
Radian Declines as Barron's Cites Mortgage-Claims Costs
Business Week - 8:10AM
FHA Said to Set Stage for Treasury Draw as Losses Mount
Business Week - 9:03PM
MetLife to Sell $70 Billion Mortgage Portfolio to JPMorgan

Today's Comments

	Community Commentary - 2:41PM "Catherine...take a deep breath and read what I wrote. "I am concerned about media reports indicating your administration is targeting the MID for elimination." You say "He did say he would consider eliminating the MID on SECOND HOMES". So you are simply confirming what I wrote (or please show me where..."
	Community Commentary - 10:13AM "Frank, stop spreading your financial illiteracy on the Mortgage News Daily boards. Governor Romney NEVER said he would eliminate the MID on primary residences. He did say he would consider eliminating the MID on SECOND HOMES. Get it? Second homes--under the premise that if you can afford the freight..."
	Community Commentary - 4:55PM "Robert, you are 100% correct. Peter, I agree with your assessment - the mtg. interest deduction is NOT the holy grail, and it should be sacrificed in exchange for dramatically simplifying (if not eliminating) the horrific, govt. created tax code that is strangling our countries economic output...."
	Community Commentary - 4:52PM "As usual, too much pleading form govt. involvement and assistance in what used to be a private industry. Govt. involvement ruined the housing industry, and govt. over involvement will bury it. Pleading like this only make it worse...."

Recent Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.38%

-0.07

15 Yr FRM

2.75%

-0.06

FHA 30 Year Fixed

3.25%

+0.00

Jumbo 30 Year Fixed

3.78%

-0.07

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

3.39%

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

105-02

+0-06

30YR FNMA 3.5

106-20

+0-03

30YR GNMA 3.0

106-20

+0-09

30YR GNMA 3.5

109-00

+0-05

15YR FNMA 3.0

105-15

+0-02

15YR FNMA 2.5

104-21

+0-03

Treasuries

Yield

Change

2 YR

0.2777%

-0.0078

5 YR

0.6989%

-0.0239

10 YR

1.6823%

-0.0350

30 YR

2.8698%

-0.0360

Prices as of: 11/5/2012 4:30PM 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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