Daily Newsletter: Tuesday December 10, 2013

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30 Year Fixed

                                                                4.47%
                                                                  
                                                                -0.05

15 Year Fixed

                                                                3.49%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.80%
                                                                  
                                                                -0.0492

FNMA 30YR 3.5

                                                                100-08
                                                                  
                                                                -0-01

FNMA 15YR 2.5

                                                                102-23
                                                                  
                                                                -0-01

View Today's Rates

Tuesday December 10, 2013

Mortgage Rate Watch - 4:29PM

Mortgage Rates Down to December Lows

Mortgage rates moved slightly lower again today, bringing them back in line with the lowest levels of the month. Recent improvements are somewhat of a paradox as rates typically move ...

MND NewsWire - 11:43AM

FHFA Tries to Convince Senate that GSE Risks Outweigh Massive Profits

Wanda DeLeo, Deputy Director of the Conservatorship Division of the Federal Housing Finance Agency (FHFA) told a Senate Banking Committee hearing that the new profitability of Freddie ...

MND NewsWire - 7:56PM

Nitty Gritty Details on GSE's Expected Fee Hike and State-Level Changes

As part of the Strategic Plan for the conservatorships, FHFA announced another installment of increased Guarantee fees ("G-Fee") for Fannie Mae and Freddie Mac today. Given the time ...

MND NewsWire - 10:35AM

Mortgage Credit Availability Tightens as Higher LTV Options Expire

Mortgage credit was slightly less available in November than it was in October the Mortgage Bankers Association said today. MBA's new Mortgage Credit Availability Index (MCAI) slipped ...

Latest Video

We're in a seasonal low, not cyclical: SunTrust CEO

Toll Bros CEO: Housing is long way from bubble

Harwood: Budget deal close, but delayed

More News from 'Around the Web'

Bloomberg - 5:12PM
Budget Deal Isn't Guaranteed to Pass the House - Bloomberg
WSJ - 4:07PM
Is Job Market Stronger Than Fed Thinks?
Reuters - 4:06PM
Watt nears U.S. Senate confirmation as housing regulator
SIFMA - 3:07PM
SIFMA Comments on the Volcker Rule
business.time.com - 1:40PM
Everything You Need to Know About the Volcker Rule
CNBC - 1:33PM
The new mortgage landscape: What you need to know
Calculated Risk Blog - 12:39PM
Las Vegas Real Estate in November: Year-over-year Non-contingent Inventory up 77.4%
Washington Post - 11:26AM
Federal government shutdown created drag on D.C. area housing market
CNBC - 11:25AM
Job openings up in October
Market Watch - 11:25AM
Bank of America CEO: Volcker won't change anything
Bloomberg - 11:24AM
Should D.C.'s Poor Get to Keep Their Housing Windfall? - Bloomberg
www.gallup.com - 9:17AM
In the U.S., Economic Confidence Continues Its Recovery
Bloomberg - 9:16AM
Why Is Everybody Sitting on Huge Piles of Cash? - Bloomberg
Bloomberg - 9:11AM
Wells Fargo Plans Two-Year Ethics Review as Banks Face Scrutiny - Bloomberg
Bloomberg - 8:04AM
Toll Earnings Beat Estimates as Luxury-Home Prices Climb
CNBC - 8:02AM
US bonds edge higher ahead of JOLTS report
CNBC - 8:01AM
Back on top: How a troubled bank returned to life

Today's Comments

	MBS Live Chat - 12:55PM "Anyone remember the Business Mileage number I can use for credit back for 2106 Expenses? 22.5 cents sticks in my mind but I'm not sure...."
	MBS Live Chat - 1:00PM "23 for 2012, 22 for 2011..."
	MBS Live Chat - 1:01PM "http://www.mgic.com/pdfs/71-40323-cashflow-sam_final.pdf..."
	MBS Live Chat - 2:58PM "Senate Banking Commitee Live if interested http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=528c6bdb-59eb-4357-8a42-12a016b017f7..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.47%

-0.05

15 Yr FRM

3.49%

-0.04

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.42%

-0.05

5/1 Yr ARM

3.25%

+0.02

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.62%

1.06

+0.18

30 Yr. Fixed

4.49%

1.21

+0.22

MBA **

30 Yr. Fixed

4.51%

0.38

+0.03

15 Yr. Fixed

3.56%

0.32

+0.04

30 Yr. Jumbo

4.49%

0.24

+0.01

30 Yr. FHA

4.17%

0.36

+0.01

5/1 ARM

3.09%

0.28

-0.09

Freddie Mac **

30 Yr. Fixed

4.46%

0.50

+0.17

15 Yr. Fixed

3.47%

0.40

+0.17

1 Yr. ARM

2.59%

0.40

-0.01

5/1 Yr. ARM

2.99%

0.40

+0.05

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

95-26

+0-00

30YR FNMA 3.5

100-08

-0-01

30YR GNMA 3.0

96-30

+0-00

30YR GNMA 3.5

101-12

0-00

15YR FNMA 3.0

102-23

-0-01

15YR FNMA 2.5

99-20

+0-01

Treasuries

Yield

Change

2 YR

0.3018%

+0.0001

5 YR

1.4494%

-0.0394

10 YR

2.7988%

-0.0492

30 YR

3.8301%

-0.0439

Prices as of: 12/10/2013 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

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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