Wednesday, April 24, 2013

Daily Newsletter: TARP Squandering Potential, Redefaults Rising at Alarming Rate According to Watchdog

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30 Year Fixed
3.47%   +0.01
15 Year Fixed
2.79%   +0.01
10YR Treasury
1.70%   -0.0052
FNMA 30YR 3.5
106.34   +0.03
FNMA 15YR 2.5
105.53   +0.03
Wednesday April 24, 2013
MND NewsWire - 12:28PM
In its Quarterly Report submitted to Congress on Wednesday, the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) looks at the status of "too big ...
MND NewsWire - 1:23PM
In an attempt to increase public knowledge about the availability of the Home Affordable Refinance Program (HARP) which has just been extended for another year, Fannie Mae has created ...
Pipeline Press - 10:15AM
In spite of all the increased regulations and underwriting criteria that require borrowers to actually qualify, mortgage applications are hanging in there quite nicely. Today the MBA ...
MND NewsWire - 2:20PM
A new survey conducted by United States Appraisals found a majority of appraisers are at least somewhat bullish on the current housing market . Over 54 percent of the nationwide panel ...
MBS Live Chat - 11:22AM
"so is this the big marketing push by FHFA for HARP?..."
MBS Live Chat - 11:23AM
"doubtful. this isn't exactly of congressional testimony..."
MBS Live Chat - 11:23AM
"and demarco brought it up twice, once to the house and once to the senate iirc..."
MBS Live Chat - 11:25AM
"GR, do you know the % or # of loan still eligible for HARP?..."
MBS Live Chat - 11:25AM
"according to the tsy, another million borrowers or so eligible for HARP..."
MBS Live Chat - 11:27AM
"one of the harp flyers mention $500 off closing cost...i assume they're referring to the appraisal waiver?..."
MBS Live Chat - 11:28AM
"I think that is the lender's ability to "pay the borrower $500.00" to do a refinance..."
MBS Live Chat - 3:32PM
"REPRICE : 3:32 PM - Provident Funding Better..."
MBS Live Chat - 3:32PM
"30 year only...."
Today's Rates
Best Execution
Rate Change
30 Yr FRM 3.47% +0.01
15 Yr FRM 2.79% +0.01
FHA 30 Year Fixed 3.25% +0.00
Jumbo 30 Year Fixed 3.58% +0.02
5/1 Yr ARM 3.00% -0.01
Average Mortgage Rates
Rate Points Change
FHFA *
15 Yr. Fixed 2.78% 0.76 +0.08
30 Yr. Fixed 3.53% 1.11 +0.06
MBA **
30 Yr. Fixed 3.67% 0.50 -0.01
15 Yr. Fixed 2.91% 0.34 -0.01
30 Yr. Jumbo 3.77% 0.27 -0.02
30 Yr. FHA 3.37% 0.55 -0.06
5/1 ARM 2.57% 0.29 -0.01
Freddie Mac **
30 Yr. Fixed 3.41% 0.70 -0.02
15 Yr. Fixed 2.64% 0.70 -0.01
1 Yr. ARM 2.63% 0.40 +0.01
5/1 Yr. ARM 2.60% 0.50 -0.02
* 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 3.0 104.27 +0.05
30YR FNMA 3.5 106.34 +0.03
30YR GNMA 3.0 106.00 +0.06
30YR GNMA 3.5 108.75 +0.05
15YR FNMA 3.0 105.53 +0.03
15YR FNMA 2.5 104.33 +0.05
Treasuries
Yield Change
2 YR 0.2308% +0.0011
5 YR 0.6903% -0.0064
10 YR 1.7013% -0.0052
30 YR 2.8923% -0.0092
Prices as of: 4/24/2013 4:30PM EST
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.
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