Daily Newsletter: Fannie Mae Economists see 2013 as a 'Transition to Normal'; California Rebounding

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30 Year Fixed 3.48%   +0.02 15 Year Fixed 2.81%   +0.01 10YR Treasury 1.85%   +0.0231 FNMA 30YR 3.5 105.92   -0.17 FNMA 15YR 2.5 105.23   -0.06 View Today's Rates

Thursday January 24, 2013 MND NewsWire - 11:28AM Fannie Mae Economists see 2013 as a 'Transition to Normal' The economists at Fannie Mae released their first economic forecast of 2013 and introduced their theme for the New Year, " Transition to Normal ." This theme, they said, has profound ... MND NewsWire - 2:06PM Hard Hit California Housing Market Rebounds as Home Values Rise It appears that one of the nation's largest and most troubled housing markets is getting back to normal. According to data released by DataQuick, Notices of Default (NoDs), the first ... Mortgage Rate Watch - 3:27PM Mortgage Rates Move Higher After Strong Employment Data Mortgage rates bounced back from a few days of moderate improvements today. Lenders typically don't release their first rate sheets of the day until a few hours of the trading session ... MND NewsWire - 2:26PM President Renominates Cordray as CFPB Director, Picks Former U.S. Attorney for SEC President Obama has named Mary Jo White to head the Securities and Exchange Commission (SEC) and reappointed Richard Cordray as Director of the Consumer Finance Protection Bureau ( ... MBS RECAP: Good Floors, Better Ceilings Eminent Domain Back in the News; Free Training and Webinars; Vendor Job Fair Updates Housing Recovery Should Accelerate into 2013, if Washington Behaves LPS Preview Shows Slight Uptick in Delinquency Rate Mortgage Applications Post Another Strong Week, Up 7% Senator asks Regulators for Consistency between QM and QRM Harvard Study Offers New Angle On Bank vs Non-Bank Blame Game Latest Video U.S. Housing Decline `Could Go On,' Shiller Says The Renovation Boom BAC CEO on Outperforming the Competition More News from 'Around the Web' CRL - 4:36PM CRL Statement on Renomination of CFPB Director Cordray www.nytimes.com - 4:28PM Signs of a Housing Recovery Point to a Stronger Economy Bloomberg - 2:10PM Mortgage Seizures Unlikely to Advance, California Official Says CNBC - 2:09PM BofA's Moynihan Sees More Cash Coming Off Sidelines Business Week - 11:32AM ResCap to Pay Fannie Mae $298 Million to End Objection freddiemac.mwnewsroom.com - 10:07AM Freddie Mac: Fixed Mortgage Rates Move Higher CNBC - 8:29AM Citi CEO: Still Dealing With Legacy Issues Business Week - 8:25AM Bernanke Seen Pressing On With Stimulus Amid Debate on QE Today's Comments MBS Live Chat - 2:12PM "REPRICE : 2:12 PM - Interbank Better..." MBS Live Chat - 2:05PM "REPRICE : 2:05 PM - Provident Funding Better..." MBS Live Chat - 1:50PM "additionally, it was a TIPS auction. It's not something we normally expect to be a market mover, despite the fact that it has been an "out of left field" market mover on a few isolated past occasions. Today was not such an occasion, though the auction was well-received and certainly didn't stand in the..." MBS Live Chat - 1:20PM "Clayton Sandy - See the freddie Doc matrix.. says under royalties.. Must have 12 month history of payments on a regular basis. just need tax returns for the most recent year...." MBS Live Chat - 1:22PM "www.freddiemac.com/learn/pdfs/uw/docmatrix.pdf..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.48% +0.02 15 Yr FRM 2.81% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.68% +0.02 5/1 Yr ARM 2.99% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.81% 1.00 -0.10 30 Yr. Fixed 3.54% 1.24 -0.08 MBA ** 30 Yr. Fixed 3.62% 0.43 +0.01 15 Yr. Fixed 2.87% 0.39 -0.01 30 Yr. Jumbo 3.85% 0.34 -0.03 30 Yr. FHA 3.40% 0.53 +0.01 5/1 ARM 2.61% 0.32 -0.05 Freddie Mac ** 30 Yr. Fixed 3.42% 0.70 +0.04 15 Yr. Fixed 2.71% 0.70 +0.05 1 Yr. ARM 2.57% 0.50 +0.00 5/1 Yr. ARM 2.67% 0.50 +0.00 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 3.0 104.08 -0.22 30YR FNMA 3.5 105.92 -0.17 30YR GNMA 3.0 105.08 -0.23 30YR GNMA 3.5 107.91 -0.16 15YR FNMA 3.0 105.23 -0.06 15YR FNMA 2.5 103.98 -0.13 Treasuries Yield Change 2 YR 0.2427% +0.0043 5 YR 0.7678% +0.0178 10 YR 1.8542% +0.0231 30 YR 3.0481% +0.0233 Prices as of: 1/24/2013 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

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