Daily Newsletter: Monday December 23, 2013

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30 Year Fixed

                                                                4.60%
                                                                  
                                                                +0.01

15 Year Fixed

                                                                3.61%
                                                                  
                                                                +0.00

10YR Treasury

                                                                2.93%
                                                                  
                                                                +0.0369

FNMA 30YR 3.5

                                                                99-25
                                                                  
                                                                -0-02

FNMA 15YR 2.5

                                                                102-02
                                                                  
                                                                -0-02

View Today's Rates

Monday December 23, 2013

MND NewsWire - 1:43PM

California Pending Sales Falling at Fastest Pace in More than 12 Months

Pending home sales in California experienced the first double digit drop in over a year in November, falling 13.6 percent from October to a Pending Home Sale Index level of 93.8. The ...

Mortgage Rate Watch - 3:35PM

Mortgage Rates Steady Near 3-Month Highs

Mortgage rates were unchanged to just slightly higher to begin the holiday-shortened week. With the exception of last Thursday, rates are the highest they've been in more than three ...

Pipeline Press - 10:04AM

More on LLPA Delay; FHA Extends Loan Amount Comment Period; Stonegate Completes Crossline Acquisition

Before we delve into the agency, lender, and investor news, here is some holiday cheer....maybe. On December 9th, the Federal Reserve released its Z.1 data revealing that homeowners ...

MBS Commentary - 7:07AM

The Week Ahead: Punctuated by Christmas; Limited in Importance

Last Week - Fed Finally Tapered - Bond markets lost ground through Thursday morning - Steady recovery after that - Shorter-term moves lost inside longer-term trends (charts) This Week ...

Latest Video

New mortgage fees delayed

Santelli Exchange: The great 'taper caper'

Fed has no interest in stopping bitcoin: Lacker

More News from 'Around the Web'

www.cfpbmonitor.com - 4:59PM
Will the CFPB's mortgage education campaign encourage consumers to sue?
Reuters - 4:59PM
Fed's Fisher says favored $20 billin taper: Fox Business
Market Watch - 2:59PM
Fed proposes limits to its emergency-lending role
CNBC - 2:55PM
Mortgage rates get a break from incoming regulator
CNBC - 1:28PM
CNBC Excerpts: Federal Reserve Bank of Richmond President Jeffrey Lacker Speaks with CNBC's "Squawk Box" Today
CNBC - 1:28PM
Which home will sell for $100 million in 2014?
FHFA - 1:23PM
FHFA Announces Milestone: More Than 3 Million Homeowners Helped by Foreclosure Prevention Programs
Bloomberg - 12:02PM
Wall Street Unlocks Profits From Distress With Rental Revolution
SIFMA - 11:40AM
SIFMA 2014 and 2015 Market Close Recommendations
www.lpsvcs.com - 11:20AM
LPS' November "First Look" Mortgage Report: Delinquencies Increase, Still Down 10% YTD
blog.redfin.com - 11:19AM
Home-Buying Competition in November Hit Lowest Level Since 2011
business.time.com - 11:18AM
Want to Buy a Home? Better Bring Cash
Reuters - 11:16AM
New housing regulator to delay Fannie, Freddie mortgage fee hikes
OCC - 11:11AM
Improvement in Mortgage Performance Continues, OCC Reports
CNBC - 11:11AM
US consumer sentiment index at 82.5 vs. 83 estimate
freddiemac.mwnewsroom.com - 8:58AM
Freddie Mac Issues Monthly Volume Summary for November 2013
CNBC - 8:57AM
Fed's Lacker: Expect $10B baseline for next taper

Today's Comments

	MBS Live Chat - 11:16AM "Is it just me, or shouldn't MBS rally on Watt's news on Friday?..."
	MBS Live Chat - 11:53AM "JH, what's your thought as to why would MBS rally on that news? My thought is that If we're talking about increasing the fees that GSEs collect to account for risk, and then those fees are suddenly not going higher, than the implication (albeit inconsequentially small) is for higher risk and lower prices..."
	MBS Live Chat - 12:11PM "I think this is an important time and opportunity. Director Watt has taken a bold step to review the impact. I encourage everyone to email the Director your thoughts; I also encourage all of us to reach out to our colleagues to do the same. Lastly, maybe we can set up MBS Live email folder or we can..."
	Mortgage Rate Watch - 11:52AM "Nice post, matthew. Very nice. And yeah, the California mortgage rates have been bouncing around and have been quietly at 4.5% for 30 yr fixed...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.60%

+0.01

15 Yr FRM

3.61%

+0.00

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.55%

+0.00

5/1 Yr ARM

3.21%

-0.01

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

4.62%

0.38

+0.01

15 Yr. Fixed

3.66%

0.35

+0.00

30 Yr. Jumbo

4.61%

0.24

+0.02

30 Yr. FHA

4.25%

0.32

-0.05

5/1 ARM

3.20%

0.42

+0.09

Freddie Mac **

30 Yr. Fixed

4.47%

0.70

+0.05

15 Yr. Fixed

3.51%

0.60

+0.08

1 Yr. ARM

2.57%

0.50

+0.06

5/1 Yr. ARM

2.96%

0.40

+0.02

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

95-16

-0-01

30YR FNMA 3.5

99-25

-0-02

30YR GNMA 3.0

97-01

0-00

30YR GNMA 3.5

101-06

-0-02

15YR FNMA 3.0

102-02

-0-02

15YR FNMA 2.5

99-03

-0-02

Treasuries

Yield

Change

2 YR

0.3874%

+0.0079

5 YR

1.6947%

+0.0164

10 YR

2.9292%

+0.0369

30 YR

3.8462%

+0.0232

Prices as of: 12/23/2013 4:31PM 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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