Daily Newsletter: Wednesday December 4, 2013

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30 Year Fixed

                                                                4.58%
                                                                  
                                                                +0.10

15 Year Fixed

                                                                3.61%
                                                                  
                                                                +0.07

10YR Treasury

                                                                2.83%
                                                                  
                                                                +0.0436

FNMA 30YR 3.5

                                                                99-31
                                                                  
                                                                -0-08

FNMA 15YR 2.5

                                                                102-14
                                                                  
                                                                -0-05

View Today's Rates

Wednesday December 4, 2013

MND NewsWire - 1:19PM

Loan Profits Plummet with Declining Volume, Increased Compliance Cost

Mortgage profits took a big hit in the third quarter of 2013, dropping by more than half of that reported in the second quarter. The Mortgage Bankers Association (MBA) said independent ...

Mortgage Rate Watch - 3:50PM

Mortgage Rates Push up to New 2-mo Highs

Mortgage rates moved higher again today, reaching levels not seen since September 17th--the day before the Fed Announced "no change" to QE asset purchases. The mortgage-backed-securities ...

MND NewsWire - 10:59AM

Biggest Monthly Advance for New Home Sales since 1980

The U.S. Census Bureau and the Department of Housing and Urban Development released their joint report on new home sales in September and October . The regular September report was ...

MND NewsWire - 10:12AM

Holiday Takes Toll on Mortgage Applications

It was a short week and one in which most Americans focused on food and families so the plunging number of mortgage applications filed during the week ended November 29 was not a surprise ...

Latest Video

Dodd-Frank was a poorly written law: Pro

Santelli Exchange: Fed drama

Is market throwing a taper tantrum?

More News from 'Around the Web'

Reuters - 4:26PM
Fifth Third settles SEC charges over financial crisis accounting
CNBC - 4:25PM
Data confuses traders, stocks await Jobs Report
SEC - 3:04PM
SEC Charges Fifth Third Bancorp and Former CFO for Improper Accounting of Substantial Loan Losses During Financial Crisis
Reuters - 2:40PM
Fed could delay rate hikes with inflation 'floor': Fed study
Reuters - 2:40PM
Fed says employers stepped up hiring in parts of country
www.cfpbmonitor.com - 2:08PM
CFPB updates TILA and RESPA exam procedures
CNBC - 2:07PM
Fed's beige book: Economy expanded at a moderate to modest pace
Reuters - 12:31PM
Bank of America, Citigroup faulted over mortgage servicing
CNBC - 12:28PM
Soaring new home sales: Not what they seem
Bloomberg - 11:30AM
U.S. Court Monitor Finds Banks in Mortgage Settlement Miss Goals
American Bankers Assoc. - 11:28AM
ABA Testifies on Legislation Affecting Community Banks
CNBC - 11:26AM
October new home sales hit 444,000; ISM less than expected
HUD - 9:29AM
HUD: Mortgage Letter 2013-42
CNBC - 8:22AM
Private sector creates 173,000 jobs in November vs. 173,000 estimate: ADP
CNBC - 8:22AM
Mortgage applications take a holiday as rates rise
CNBC - 8:22AM
Banks braced for $2.3 billion Libor fine

Today's Comments

	MBS Live Chat - 12:10PM "thats a big question, too big for the space provided here..."
	MBS Live Chat - 12:21PM "did I just freeze the forum.... only thing that sticks out to me is 3%.... although Im sure there are 500 pages to that book!..."
	MBS Live Chat - 12:27PM "It's just such a long topic - there are really no short points. In addition, investors/lenders may have overlays to the new rules..."
	MBS Live Chat - 12:31PM "QM breakdown- Only lend money to people who can proved they dont need it..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.58%

+0.10

15 Yr FRM

3.61%

+0.07

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.50%

+0.05

5/1 Yr ARM

3.27%

+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

4.29%

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

95-18

-0-08

30YR FNMA 3.5

99-31

-0-08

30YR GNMA 3.0

96-20

-0-10

30YR GNMA 3.5

101-02

-0-10

15YR FNMA 3.0

102-14

-0-05

15YR FNMA 2.5

99-09

-0-04

Treasuries

Yield

Change

2 YR

0.2934%

+0.0040

5 YR

1.4373%

+0.0409

10 YR

2.8297%

+0.0436

30 YR

3.8947%

+0.0494

Prices as of: 12/4/2013 4:28PM 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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