Daily Newsletter: Wednesday September 26, 2012

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30 Year Fixed

                                                                3.29%
                                                                  
                                                                -0.04

15 Year Fixed

                                                                2.75%
                                                                  
                                                                0.00

10 Year Treasury

                                                                1.6129%
                                                                  
                                                                -0.0620

FNMA 30YR 3.5

                                                                107-17
                                                                  
                                                                +0-03

FNMA 15YR 2.5

                                                                106-08
                                                                  
                                                                -0-01

View Today's Rates

September 26, 2012

MND NewsWire - 5:49PM

GSE Foreclosure Prevention has Reached 2.4 Million Homeowners

Fannie Mae and Freddie Mac (the GSEs) completed approximately 129,000 foreclosure prevention actions during the second quarter of 2012, bringing the total to nearly 2.4 million since ...

MND NewsWire - 6:01PM

MBA Revitalizes MISMO Government Forum in Effort to Improve Industry Data Standards

The Mortgage Bankers Association (MBA) announced Wednesday it has revitalized its MISMO Government Forum. The group met last Friday as part of MISMO's Fall 2012 Educational Summit and ...

Mortgage Rate Watch - 2:50PM

Mortgage Rates Relentless In Mission To Move All-Time Boundaries Lower Still

The extent to which Mortgage rates have fallen since the Fed's QE3 announcement is nothing short of astonishing . Beginning on the day of the QE3 announcement, rates have fallen every ...

MBS Commentary - 4:35PM

MBS RECAP: Light Supply Helps MBS Keep Better Pace, But Twin Peaks At 106

MBS Live : MBS Afternoon Market Summary Since yesterday afternoon, Treasuries have rallied more effectively than MBS. It's been a good, old-fashioned "risk-off" sort of move--the kind ...

Pipeline Press - 11:58AM

Politics and Housing; 3.8% Real Estate Tax Myth; Lots of Processing and Origination Stats

Here in Denver the city is preparing for next Wednesday's presidential debate. And what would an election be without a Chia Pet in the shape of your favorite candidate . (Although Newt ...

MND NewsWire - 11:08AM

Claims Process Underway for Foreclosed Homeowners

A number of state attorneys general (AG) sent out nearly identical notices this week regarding the April $25 billion, 49 state settlement with mortgage servicers . The notice, addressed ...

MND NewsWire - 11:01AM

New Home Sales Down Slightly but Median, Mean Home Prices Jump

New home sales were down slightly in August compared to July, slipping 0.3 percent to a seasonally adjusted annual rate of 373,000 units and were 27.7 percent above the estimate of ...

MND NewsWire - 10:29AM

OIG Investigates Freddie Mac's Inverse Floater Investments

Behind the public face of their business models Freddie Mac Fannie Mae produce, use, and invest in a variety of products to increase their profitability and minimize their risk. The ...

Latest Video

Sheila Bair on Bank Capital Ratios, New Book

Santelli's Morning Bond Update

Bond King on Stock Surge

More News from 'Around the Web'

www.lpsvcs.com - 4:22PM
LPS Reports U.S. Home Prices Up 0.2 Percent for the Month; Up 1.8 Percent for the Past Year
FHFA - 4:13PM
FHFA: Agencies Reopen Comment Period on Swap Margin and Capital Proposed Rulemaking
FHFA - 2:32PM
FHFA: GSEs Help More Than 2.4 Million with Foreclosure Prevention Actions; State-Level Data
CNBC - 12:55PM
European 'Crisis Is Not Over': Barclays Analyst
Reuters - 12:10PM
Flagstar Bank to face trial over mortgage servicing: judge
WSJ - 11:13AM
Report Finds No Evidence' That Freddie Blocked Refis
NAR - 11:09AM
NAR: Cash Sales 27 Percent of Residential Sales
www.mersinc.org - 11:09AM
Federal Court in Georgia Rules MERS' Mortgage Assignment Valid
Business Week - 8:23AM
BofA Sued by Fair Housing Group Over Minority Neighborhood Decay

Today's Comments

	Pipeline Press - 6:30PM "I like your article, but I have to say if you describe yourself as a fiscally conservative, socially liberal Republican, that makes you a Democrat. There are no fiscally conservative, socially liberal Republicans. Welcome to the Democratic Party!..."
	MND NewsWire - 11:38AM "Not much of a mention about FHA. For those of us underwater and locked out of the FHA streamline program with the discounted mortgage insurance because our endorsement dats are after 6/1/09, would the expansion of HARP 2.0 allow us to refinanace?..."
	MND NewsWire - 6:15PM "Re: Obama's plan to reform mortgage markets, how does FHA relinquish market share by INCREASING its loan limits? Is the "FHA conforming" loan a new product? On the Romney side, it says that he will replace agency dollars with private dollars but provided no specific plan for doing so. This seems to open..."

Q & A

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.29%

-0.04

15 Yr FRM

2.75%

0.00

FHA 30 Year Fixed

3.23%

-0.02

Jumbo 30 Year Fixed

3.79%

-0.04

5/1 Yr ARM

2.99%

0.00

What are best-execution rates?

View: Current Mortgage Rates

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.11%

0.86

-0.05

30 Yr. Fixed

3.84%

1.09

-0.04

MBA **

30 Yr. Fixed

3.36%

0.41

-0.36

15 Yr. Fixed

2.98%

0.41

-0.05

30 Yr. Jumbo

3.87%

0.33

-0.12

30 Yr. FHA

3.44%

0.41

-0.06

5/1 ARM

2.61%

0.41

0.00

Freddie Mac **

30 Yr. Fixed

3.49%

0.60

-0.06

15 Yr. Fixed

2.77%

0.60

-0.08

1 Yr. ARM

2.61%

0.40

0.00

5/1 Yr. ARM

2.76%

0.60

+0.04

* 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

105-30

+0-05

30YR FNMA 3.5

107-17

+0-03

30YR GNMA 3.0

107-16

+0-05

30YR GNMA 3.5

109-27

+0-03

15YR FNMA 3.0

106-08

-0-01

15YR FNMA 2.5

105-06

+0-03

Treasuries

Yield

Change

2 YR

0.2618%

-0.0045

5 YR

0.6089%

-0.0387

10 YR

1.6129%

-0.0620

30 YR

2.7847%

-0.0706

Prices as of: 9/26/2012 4:31PM EST

View: Current MBS 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.

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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