Daily Newsletter: Tuesday December 3, 2013

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30 Year Fixed

                                                                4.48%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.54%
                                                                  
                                                                -0.01

10YR Treasury

                                                                2.79%
                                                                  
                                                                -0.0127

FNMA 30YR 3.5

                                                                100-07
                                                                  
                                                                -0-04

FNMA 15YR 2.5

                                                                102-19
                                                                  
                                                                -0-05

View Today's Rates

Tuesday December 3, 2013

MND NewsWire - 10:59AM

Home Price Gains Continue to Slow

CoreLogic said today that month-over-month increases in home prices slowed to fractional numbers in October even as year-over-year increases continued for the 20 th consecutive month ...

Mortgage Rate Watch - 3:59PM

Mortgage Rates Steady at First, Then Higher Into Afternoon

Mortgage rates began the day steady to slightly lower on average, though more than a few lenders were actually in worse shape. The average stayed in slightly stronger territory but ...

Pipeline Press - 10:48AM

Bank M&A update; Is Unemployment Data Relevant Anymore?

A ccording to the FDIC, there are around 96,341 bank branches in the country vs. 97,340 a year ago (999 were closed). But SNL reports bank and thrift M&A activity remains below ...

MBS Commentary - 4:30PM

MBS RECAP: More Underperformance Turns Green Day Red

MBS Live : MBS Afternoon Market Summary MBS and Treasuries diverged again today. This road more-traveled for MBS has several sources of justification and explanation, but it's really ...

Latest Video

Mortgage rates probably aren't going to fall

Santelli's Midday Bond Report

Trader: It's no longer just a Fed-driven rally

More News from 'Around the Web'

Reuters - 4:46PM
Fed should give more detail on rate hike plans: Williams
CFPB - 3:36PM
How much money is spent on advertising financial products?
CNN - 2:28PM
Trump punches back with complaint against Attorney General
CNBC - 1:55PM
Lock and load? Mortgage rates on the rise again
WSJ - 12:22PM
Report: Lending Rules Could Have Cut Defaults in Half
WSJ - 12:18PM
Fed Official: Not Clear That Decision Not to Taper Surprised Markets in September
CNN - 12:17PM
Bill Gross: Don't fight the Fed, but be wary
Reuters - 12:17PM
U.S. judge rules Detroit eligible for bankruptcy protection
Assoc. Mtg. Investors - 11:51AM
AMI Resources: Bipartisan U.S. Senator Letter Warning on Eminent Domain
Bloomberg - 11:14AM
Invesco Mortgage Purchases All of Bond Deal as Demand Declines
CNBC - 11:13AM
Gross: Fed will keep rates low until at least 2016
CNBC - 11:01AM
SEC expects to vote on Volcker rule soon
www.nytimes.com - 11:01AM
Wall Street Lower on Fears of Reduced Stimulus
www.gallup.com - 8:58AM
U.S. Economic Confidence Rises in November
www.cfpbmonitor.com - 8:54AM
CFPB releases compliance costs report
CNBC - 7:56AM
Banks to cut pay as profits rise
CNBC - 7:54AM
Ratings agencies face sanctions by EU watchdog

Today's Comments

	MBS Live Chat - 3:45PM "anyone know why MBS are selling off when 10 year is still in the green consistently for the day?..."
	MBS Live Chat - 3:50PM "No buyers apart from the Fed. Year-end is a factor as well. With MBS hitting their strongest recent spreads in late november, and with year-end (read: less interested in fixed-income duration and risk) on the horizon, there has been a concerted move back in the other direction (now underperforming vs..."
	MBS Live Chat - 4:12PM "honestly, as bad as I hate this continued volatility, I have to admit it has made me better at what I do, had I been this "tuned in" 15 years ago I would have already been retired lol..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.48%

-0.02

15 Yr FRM

3.54%

-0.01

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.45%

-0.02

5/1 Yr ARM

3.25%

+0.00

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

4.48%

0.31

+0.02

15 Yr. Fixed

3.52%

0.31

+0.00

30 Yr. Jumbo

4.48%

0.15

+0.01

30 Yr. FHA

4.16%

0.24

+0.02

5/1 ARM

3.18%

0.37

+0.06

Freddie Mac **

30 Yr. Fixed

4.29%

0.70

+0.07

15 Yr. Fixed

3.30%

0.70

+0.03

1 Yr. ARM

2.60%

0.40

-0.01

5/1 Yr. ARM

2.94%

0.50

-0.01

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

-0-04

30YR FNMA 3.5

100-07

-0-04

30YR GNMA 3.0

96-30

-0-04

30YR GNMA 3.5

101-12

-0-03

15YR FNMA 3.0

102-19

-0-05

15YR FNMA 2.5

99-13

-0-03

Treasuries

Yield

Change

2 YR

0.2894%

+0.0000

5 YR

1.3964%

-0.0228

10 YR

2.7861%

-0.0127

30 YR

3.8453%

-0.0143

Prices as of: 12/3/2013 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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