Daily Newsletter: Wednesday December 11, 2013

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30 Year Fixed

                                                                4.54%
                                                                  
                                                                +0.07

15 Year Fixed

                                                                3.53%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.85%
                                                                  
                                                                +0.0511

FNMA 30YR 3.5

                                                                99-25
                                                                  
                                                                -0-15

FNMA 15YR 2.5

                                                                102-11
                                                                  
                                                                -0-12

View Today's Rates

Wednesday December 11, 2013

Mortgage Rate Watch - 6:25PM

Mortgage Rates End 3-Day Winning Streak

Mortgage rates moved sharply higher today, erasing more than half of the improvement seen in the relief rally of the past 3 days. That rally was something of a paradox in that stronger ...

MND NewsWire - 3:08PM

HUD QM Rule Announced; Closely Mirrors CFPB QM

The Department of Housing and Urban Development (HUD) has issued its final rule defining a "Qualified Mortgage" (QM) as required by the Dodd-Frank Act. The new rule, HUD says, builds ...

MND NewsWire - 9:26AM

Mortgage Applications Break 6 Week Losing Streak; ARMs Surge

The slight rise in mortgage application volume during the week ended December 6 was the first increase in six weeks . The Mortgage Bankers Association said that its Market Composite ...

Pipeline Press - 10:58AM

Bullet Dodged on Volcker Rule; Mortgage Bank Profits Plummet; Banks to Take Losses on 2nd Mortgages?

Five US regulators writing the Volcker rule have ended three years of debate and approved a ban on proprietary trading by some banks. The Commodity Futures Trading Commission, the Office ...

Latest Video

More expensive to buy home in 2014: Pro

Santelli's morning bond update: 10-year note

Cashin says: Traders expect market moving Fed statement

More News from 'Around the Web'

WSJ - 6:22PM
5 Things You Need to Know About Stanley Fischer
Bloomberg - 6:20PM
ResCap Approved to Liquidate, End Bankruptcy, Lawyer Says - Bloomberg
www.aei.org - 6:20PM
HUD's 'Fair Housing' Assault on Local Communities
Bloomberg - 5:12PM
Housing-Finance Bills Won't Meet 2013 Target, US Lawmakers Say
Market Watch - 4:12PM
The Fed: Fischer close to becoming No.2 at Fed: reports
Bloomberg - 4:11PM
MGIC Chief Sees Housing 'Nirvana' After Stock Triples
freddiemac.mwnewsroom.com - 4:10PM
Freddie Mac Has Record Year for Multifamily Securities
Bloomberg - 2:42PM
Israel's Fischer Said to Be Top Candidate for Fed Vice Chairman - Bloomberg
www.gpo.gov - 2:14PM
FHA Updates Lending Standards for Manually Underwritten Borrowers
FHFA - 1:55PM
FHFA Announces Senior Staff Changes; DeLeo Named Deputy Director Division of Conservatorship
Reuters - 12:53PM
U.S. poised for stronger growth in 2014, Fed to taper by March: Reuters poll
Bloomberg - 12:52PM
Property Investment to Grow in 2014, Cornell Survey Says - Bloomberg
CNBC - 12:03PM
Taper talk pervades markets ahead of auction
NAHB - 10:22AM
NAHB Applauds Confirmation of Rep. Mel Watt as new FHFA Director
The Big Picture - 9:25AM
Fannie Mae Didn't Cause the Housing Crisis, Radical Ideologues Did
CNBC - 9:24AM
S&P downgrades US growth forecast
NAFCU - 9:18AM
House Missouri members urge mortgage rules delay

Today's Comments

	MBS Live Chat - 2:44PM "MG: is Fischer seen as more of a hawk or dove when it comes to QE?..."
	MBS Live Chat - 2:46PM "Fischer has a reputation for beng more hawkish than most - evidenced by his refusal to engage in the kind of dovish activity the rest of the world did while in charge in Israel and is especially downbeat on forward guidance...."
	MBS Live Chat - 2:53PM "He's against giving "Forward Guidance" which I agree with completely. He says it can cause market confusion because the Fed really doesn't know with precision what it's going to do in the future. Creates uncertainy, confusion, and volatility. Totally agree..... I say sign hm up..."
	MBS Live Chat - 2:54PM "Good piece on his views here http://blogs.wsj.com/economics/2013/09/23/the-key-to-forward-guidance-dont-give-it-fischer-says/..."
	MBS Live Chat - 2:55PM "http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/15/stan-fischer-saved-israels-economy-can-he-save-americas/..."
	MBS Live Chat - 2:55PM "those are the two links getting passed around...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.54%

+0.07

15 Yr FRM

3.53%

+0.04

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.46%

+0.04

5/1 Yr ARM

3.23%

-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

4.61%

0.26

+0.10

15 Yr. Fixed

3.66%

0.31

+0.10

30 Yr. Jumbo

4.59%

0.15

+0.10

30 Yr. FHA

4.30%

0.38

+0.13

5/1 ARM

3.11%

0.35

+0.02

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

95-11

-0-15

30YR FNMA 3.5

99-25

-0-15

30YR GNMA 3.0

96-18

-0-12

30YR GNMA 3.5

100-32

-0-12

15YR FNMA 3.0

102-11

-0-12

15YR FNMA 2.5

99-10

-0-10

Treasuries

Yield

Change

2 YR

0.3098%

+0.0080

5 YR

1.4957%

+0.0463

10 YR

2.8499%

+0.0511

30 YR

3.8785%

+0.0484

Prices as of: 12/11/2013 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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