Daily Newsletter: Monday December 30, 2013

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30 Year Fixed

                                                                4.62%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.64%
                                                                  
                                                                -0.02

10YR Treasury

                                                                2.97%
                                                                  
                                                                -0.0316

FNMA 30YR 3.5

                                                                99-19
                                                                  
                                                                +0-10

FNMA 15YR 2.5

                                                                102-04
                                                                  
                                                                +0-10

View Today's Rates

Monday December 30, 2013

MND NewsWire - 10:22AM

Pending Home Sales Remain Near 1.5-Year Lows

Pending home sales technically rose slightly in November, but only after a negative downward revision to October's Pending Home Sales Index (PHSI) from the 102.1 originally reported ...

MND NewsWire - 2:03PM

Low-End Home Prices More Useful in Predicting Big-Picture

In the most recent issue of CoreLogic's MarketPulse on-line magazine Sam Khater suggests that low-end home prices can be useful in predicting the future direction of all home prices ...

MND NewsWire - 11:46AM

National Home Prices Virtually Unchanged in October

Lender Processing Services (LPS) said today that its Home Price Index (HPI) was up a slight 0.1 percent in October. The index for the month was $232,000, a dollar amount that was virtually ...

Mortgage Rate Watch - 4:06PM

Mortgage Rates Continue Modest Bounce Lower

Mortgage rates continued lower to begin the week after pulling back just slightly from 3-month highs on Friday. Activity continues to be subdued in the financial markets that underlie ...

Latest Video

Santelli Exchange: Pending home sales 'postmortem'

Santelli Exchange: The big picture

Can housing maintain momentum in 2014?

More News from 'Around the Web'

Reuters - 4:32PM
Reduced Fed support reflected in January bond-buying plan
Market Watch - 2:22PM
All-time-high house prices in 10 of top 50 metro areas
Reuters - 2:20PM
Merkel says permanently fixing euro zone crisis vital for Germany
DataQuick - 1:02PM
November Las Vegas Home Sales Press Release
Washington Post - 12:41PM
The biggest small-business stories of 2013
blog.redfin.com - 11:00AM
Homebuyer Speed Holds Steady in November With 27 Percent of Homes Selling in Two Weeks or Less
www.lpsvcs.com - 11:00AM
LPS Home Price Index Report: October 2013 Transactions
www.treasury.gov - 10:59AM
The Wind Down of TARP is Almost Complete
CNBC - 9:53AM
US stocks open little changed; home sales data ahead
Bloomberg - 9:04AM
Wells Fargo to Pay Fannie Mae $591 Million to Resolve Claims - Bloomberg
investors.flagstar.com - 9:04AM
Flagstar Reaches Settlement with Freddie Mac over Mortgage Repurchase Obligations
Reuters - 8:17AM
Stock futures little changed ahead of home sales data
Market Watch - 8:16AM
Treasurys inch up ahead of pending-home sales

Today's Comments

	MBS Live Chat - 12:05PM "we saw lenders drop the tax transcript during the shutdown for practical reasons, will we see the same to expand market share in this type of environment?..."
	MBS Live Chat - 12:06PM "I would think QM/ATR will cause lenders to be more likely to pull transcripts than not don't you think?..."
	MBS Live Chat - 12:55PM "Regarding Fannie Mae not requiring TRV's on Fannie Direct loans: https://www.fanniemae.com/content/fact_sheet/irs-form-4506t-tips-for-underwriters.pdf..."
	MBS Live Chat - 1:01PM "You COULD be fine, at least as long as the loan isn't audited via either the random or discretionary audit process...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.62%

-0.03

15 Yr FRM

3.64%

-0.02

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.55%

-0.03

5/1 Yr ARM

3.24%

-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

4.64%

0.41

+0.02

15 Yr. Fixed

3.74%

0.29

+0.08

30 Yr. Jumbo

4.63%

0.24

+0.02

30 Yr. FHA

4.29%

0.24

+0.04

5/1 ARM

3.26%

0.39

+0.06

Freddie Mac **

30 Yr. Fixed

4.48%

0.70

+0.01

15 Yr. Fixed

3.52%

0.70

+0.01

1 Yr. ARM

2.56%

0.50

-0.01

5/1 Yr. ARM

3.00%

0.40

+0.04

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

95-08

+0-10

30YR FNMA 3.5

99-19

+0-10

30YR GNMA 3.0

96-24

+0-09

30YR GNMA 3.5

100-31

+0-10

15YR FNMA 3.0

102-04

+0-10

15YR FNMA 2.5

99-02

+0-09

Treasuries

Yield

Change

2 YR

0.3834%

-0.0119

5 YR

1.7062%

-0.0330

10 YR

2.9721%

-0.0316

30 YR

3.9011%

-0.0374

Prices as of: 12/30/2013 4:32PM 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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