Daily Newsletter: Homeowner Refinancing Act; Dems want DeMarco Gone; FHA the New Countrywide?

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30 Year Fixed 3.57%   +0.00 15 Year Fixed 2.90%   +0.00 10YR Treasury 1.96%   -0.0071 FNMA 30YR 3.5 105.61   -0.06 FNMA 15YR 2.5 105.19   -0.08 View Today's Rates

Thursday February 7, 2013 MND NewsWire - 7:16PM Homeowner Refinancing Act Resubmitted by Senators Menendez and Boxer Two U.S. Senators have reintroduced legislation to help homeowners refinance into lower interest mortgages . The bill, T he Responsible Homeowner Refinancing Act of 2013 , removes the ... MND NewsWire - 12:52PM House Democrats Urge President to Permanently Replace FHFA's DeMarco Forty-five Democratic members of the House of Representatives have sent a letter to President Obama urging him to appoint a permanent director to head the Federal Housing Finance Agency ... MND NewsWire - 1:30PM Record One-third of Home Sales in California were All-Cash More than one-third of the houses purchased in California in 2012 were all-cash sales , a record for such transactions. DataQuick said today that there were 145,797 condos and houses ... MND NewsWire - 10:37AM Finance Committee Chair Suggests FHA Could be Next Countrywide On Wednesday the House Financial Services Committee held the first of a scheduled series of hearings on the financial condition of the Federal Housing Administration (FHA) . A memo ... MBS RECAP: Boxer Bill Makes PM Rounds, Mixed Blessing Mortgage Rates Sideways To Slightly Higher Housing Sentiment Reflects Increasing Comfort with Economy, Housing Market Stats and More Stats on Housing; Reminder of Fannie Mae's Change for Affinity/Co-op Members PNC Hit with Fine for Denying Loan to Veteran on Maternity Leave Improving Markets List Expands to Include at Least One Major City in Every State Mortgage Applications Rise 3.4%, Rates Move Higher Latest Video Fed's Evans on QE & Economy Santelli: What Government had to Say About Banking Industry Just Before Crisis Are We in a Bond Bubble? More News from 'Around the Web' www.menendez.senate.gov - 4:01PM Menendez, Boxer Reintroduce Bill to Help Responsible Homeowners Refinance CNBC - 1:32PM Big 3 Ratings Agencies 'Still Selling Out': Ratings CEO DataQuick - 11:31AM Record Number of California Homes Bought with Cash in 2012 www.easyir.com - 11:29AM Which City has the Best / Worst Credit Scores? TransUnion Bloomberg - 11:25AM Obama Urged by House Democrats to Replace Fannie Mae's Regulator NAHB - 10:16AM Builder Confidence in the 55+ Housing Market Ends Year on a Positive Note freddiemac.mwnewsroom.com - 10:11AM Freddie Mac: Average 30-Year Fixed-Rate Mortgage Remains at 3.53 Percent CNBC - 8:21AM E-Mails Imply JPMorgan Knew About Bad Mortgage Deals www.americanprogress.org - 8:18AM Examining the Proper Role of the Federal Housing Administration in Our Mortgage Insurance Market WSJ - 2:00PM Return of 100% Financing Today's Comments MBS Live Chat - 4:03PM "REPRICE : 4:03 PM - Franklin American Worse..." MBS Live Chat - 3:32PM "REPRICE : 3:32 PM - Interbank Worse..." MND NewsWire - 12:22AM "Maybe we could add #4. Provide the mortgage industry proposed alternatives to CFPB rules to show how we already protect consumers in normal day to day course of business...." MND NewsWire - 1:17PM "I just wanted to Thank MG, and all of the regular contributor to MND for sharing your insights and knowledge. I'm a consumer who has been following this site for almost two years. Based on what I've learned here, I have able to refi our underwater VA Jumbo twice in that period at almost no cost, ultimately..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% +0.00 15 Yr FRM 2.90% +0.00 FHA 30 Year Fixed 3.29% -0.01 Jumbo 30 Year Fixed 3.77% +0.01 5/1 Yr ARM 3.02% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.70% 1.16 -0.11 30 Yr. Fixed 3.47% 1.29 -0.07 MBA ** 30 Yr. Fixed 3.73% 0.43 +0.06 15 Yr. Fixed 3.00% 0.33 +0.05 30 Yr. Jumbo 3.96% 0.38 +0.01 30 Yr. FHA 3.53% 0.38 +0.05 5/1 ARM 2.72% 0.30 +0.12 Freddie Mac ** 30 Yr. Fixed 3.53% 0.80 +0.00 15 Yr. Fixed 2.77% 0.70 -0.04 1 Yr. ARM 2.53% 0.40 -0.06 5/1 Yr. ARM 2.63% 0.60 -0.07 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 3.0 103.34 -0.11 30YR FNMA 3.5 105.61 -0.06 30YR GNMA 3.0 104.42 -0.14 30YR GNMA 3.5 107.66 -0.03 15YR FNMA 3.0 105.19 -0.08 15YR FNMA 2.5 103.69 -0.13 Treasuries Yield Change 2 YR 0.2500% -0.0039 5 YR 0.8268% -0.0097 10 YR 1.9568% -0.0071 30 YR 3.1729% +0.0026 Prices as of: 2/7/2013 4:32PM 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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