Daily Newsletter: Future Housing Policy Should Consider More than Just FHA's Balance Sheet

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30 Year Fixed 3.43%   -0.02 15 Year Fixed 2.77%   -0.01 10YR Treasury 1.80%   -0.0226 FNMA 30YR 3.5 106.25   +0.09 FNMA 15YR 2.5 105.44   +0.09 View Today's Rates

Wednesday December 19, 2012 MND NewsWire - 2:15PM Future Housing Policy Should Consider More than Just FHA's Balance Sheet The authors of a study just released by the University of North Carolina's Center for Community Capital suggest that the current condition of the Federal Housing Administration's ( ... Mortgage Rate Watch - 2:55PM Mortgage Rates Fall Slightly From Recent Multi-Month Highs The tone of Fiscal Cliff news shifted from comprommisory back to combative today, helping Mortgage rates recover from Tuesday's multi-month highs . Interest rates rose quickly on the ... Pipeline Press - 4:13PM Thoughts on the CFPB Complaint Process; Should be a Happy Builder Conference this Year In paying a short visit to Kansas, I learned that there are plenty of "oldest trick in the book"'s from which to choose - but here is one that actually helps community banks. The Outdoor ... MND NewsWire - 11:04AM Housing Starts Fall 3% in November as Sandy Slows Northeast Permits for privately owned residential construction increased by 3.6 percent on a seasonally adjusted basis in November compared to October. According to the monthly report from the ... MND NewsWire - 9:35AM Mortgage Applications Fall Sharply as Rates Rise Mortgage applications fell during the week ended December 14 with both refinancing and purchase applications slowing as rates rose. The Mortgage Bankers Associations (MBA) Market Composite ... MBS RECAP: Back From The Brink (Barely) Lenders Sped up Refi Processing in November MBS MID-DAY: Some Volatility Following Fed Buying, But Mostly Holding Gains House Members Seek FHA Financial Documentation in Letter to HUD's Donovan MBA Assembles Task Force to Plan Future of Secondary Mortgage Market US Bank Comp Plan Turning Heads; Jumbo Rates Improving on a Relative Basis Home Builders Report Best Sales Conditions in Five Years Latest Video November Housing Starts Slide 3.0% No Housing Boom, But 2013 Rebound Nancy Pelosi on Fiscal Cliff Talks More News from 'Around the Web' Freddie Mac - 4:13PM Freddie Mac Announces Future Retirement Of CFO Ross J. Kari www.justice.gov - 4:13PM Las Vegas Real Estate Agent Sentenced to 70 Months in Prison for Her Role in Mortgage Fraud Scheme Market Watch - 3:27PM Fannie, Freddie may have lost $3 bln in Libor CNBC - 2:16PM Robert Shiller: Don't Await Housing Boom Bloomberg - 1:30PM Ally Repays $4.5 Billion of FDIC-Backed Debt to Exit Program Fannie Mae - 1:29PM Fannie Mae's 2012 Help the Homeless Program Raises $4.5M CNBC - 1:29PM Rising Mortgage Rates Spook Housing Business Week - 11:28AM Wells Fargo Pays $60 Million More in US Loan-Bias Case www.aia.org - 9:08AM Architecture Billings Index Signaling Gains for Fourth Straight Month CNBC - 9:07AM Housing Starts Fall as Northeast Feels Effects of Sandy Today's Comments MBS Live Chat - 1:40PM "RTRS- US HOUSE SPEAKER BOEHNER TO HOLD 2:15 PM ET PRESS CONFERENCE-AIDE..." MBS Live Chat - 2:18PM "wow... we're right back to utterly ridiculous Fiscal Cliff comments..." MBS Live Chat - 2:21PM "For those that didn't see it, it was a huge departure from the past 2 days of more collegial tones, with the Speaker saying that Obama's plan fails to "pass the test" of the balanced approach. Republicans will pass the tax bill in the house and then it's up to Obama as to whether or not he will call..." MND NewsWire - 5:54PM "Hmmm- To add to the problem, now that HUD has raised premiums so much they are being adversely selected. Good credit, qualify well, go 3% down conventional, or even better yet get that extra 1.5% and go 5% down. Private Mortgage Insurance is the better choice any time you HAVE a choice. Doesn't fare..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.43% -0.02 15 Yr FRM 2.77% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.63% -0.03 5/1 Yr ARM 3.02% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.91% 0.89 -0.12 30 Yr. Fixed 3.62% 1.22 -0.14 MBA ** 30 Yr. Fixed 3.50% 0.44 +0.03 15 Yr. Fixed 2.83% 0.26 -0.02 30 Yr. Jumbo 3.73% 0.29 -0.04 30 Yr. FHA 3.34% 0.54 +0.02 5/1 ARM 2.61% 0.36 -0.02 Freddie Mac ** 30 Yr. Fixed 3.32% 0.70 -0.02 15 Yr. Fixed 2.66% 0.60 -0.01 1 Yr. ARM 2.53% 0.50 -0.02 5/1 Yr. ARM 2.70% 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 3.0 104.38 +0.13 30YR FNMA 3.5 106.25 +0.09 30YR GNMA 3.0 105.84 +0.13 30YR GNMA 3.5 108.28 +0.09 15YR FNMA 3.0 105.44 +0.09 15YR FNMA 2.5 104.36 +0.11 Treasuries Yield Change 2 YR 0.2779% -0.0039 5 YR 0.7707% +0.0055 10 YR 1.8014% -0.0226 30 YR 2.9873% -0.0172 Prices as of: 12/19/2012 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

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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. © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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