Daily Newsletter: Friday December 6, 2013

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30 Year Fixed

                                                                4.55%
                                                                  
                                                                -0.02

15 Year Fixed

                                                                3.57%
                                                                  
                                                                -0.03

10YR Treasury

                                                                2.86%
                                                                  
                                                                -0.0109

FNMA 30YR 3.5

                                                                100-04
                                                                  
                                                                +0-10

FNMA 15YR 2.5

                                                                102-21
                                                                  
                                                                +0-10

View Today's Rates

Friday December 6, 2013

Mortgage Rate Watch - 5:03PM

Mortgage Rates Win Heroic Battle; Still Losing The War

If we examine today's activity in a vacuum, Mortgage rates fought and won a heroic battle in the sense they were able to hold steady to slightly stronger despite contending with a stronger ...

MND NewsWire - 3:40PM

Is Declining Share of Mortgage Market Among Big Banks Here to Stay?

Too Big to Fail Banks and the financial consolidation that created them are hot topics. A famous chart from Mother Jones shows that the big four banks (Citi, JP Morgan Chase, Bank of ...

MBS Commentary - 12:38PM

How Are MBS Possibly Improving After the Jobs Report?!

MBS Live : MBS Morning Market Summary We've been discussing the past few days in the context of the Gorilla Analogy . If you did catch this morning's commentary, it's even more timely ...

Pipeline Press - 10:40AM

CFPB's Take on QM; QM & HECMs; Ellie Mae's Encompass Issue for Pipeline Hedging; Nations Direct Opens Correspondent

In a speech this week to the Consumer Federation of America Consumer Finance Protection Bureau’s Director Richard Cordray said that it is a myth that borrowers who fall outside ...

Latest Video

Early December consumer sentiment 82.5

Fed needs to back away from QE: Pro

Parsing November jobs report

More News from 'Around the Web'

Bloomberg - 5:35PM
JPMorgan Asks Judge to Keep Draft US Mortgage Lawsuit Secret - Bloomberg
CNBC - 5:35PM
Sorkin: Bernanke may taper by year-end
Bloomberg - 3:51PM
Fed's Plosser Sees 3% Growth in 2014 as Job Market Gains - Bloomberg
Bloomberg - 3:28PM
Volcker Rule to Force Banks to Comply With Five Regimes
Reuters - 3:26PM
Consumer credit grows more than expected in October
CNBC - 3:23PM
'Tougher' Volcker Rule targets CEOs
Reuters - 2:40PM
Cap QE and give it an expiry date: Fed's Plosser
WSJ - 1:08PM
Fed's Evans Cautious On Jobs Report
Washington Post - 1:06PM
Wonkblog: Did Dodd-Frank end Too Big to Fail? It depends what you mean by end.'
CNBC - 12:55PM
Rising mortgage rates a boon to smaller lenders
WSJ - 11:52AM
Jobless Rate Hitting 7% Underscores Fed's Mistake
WSJ - 11:52AM
Hilsenrath's Five Takeaways on What the Jobs Report Means for the Fed
Bloomberg - 11:48AM
Treasuries Fluctuate as Investors Weigh Fed-Stimulus Prospects - Bloomberg
WSJ - 11:47AM
Senators Urge Against Loan Fee Increase in Budget Deal
Bloomberg - 10:30AM
Gross Says Job Gains Mean 50% Odds of Fed Tapering in December - Bloomberg
Bloomberg - 9:13AM
Consumer Spending in U.S. Climbed More Than Forecast in October - Bloomberg
CNBC - 9:12AM
Fed's Plosser: November jobs number is encouraging
Reuters - 8:11AM
LA sues Citi, Wells Fargo over discriminatory mortgage lending
CNN - 8:10AM
End of mortgage-fix break could mean big tax bills
CNBC - 8:09AM
US bonds tread water ahead of crucial jobs report

Today's Comments

	MBS Live Chat - 2:00PM "So a question for the risk takers that floated their loans. We've got better pricing today so do you lock it up or keep floating? I'm talking pipeline closing in Dec..."
	MBS Live Chat - 2:01PM "one locked this morning, 3 more floating..."
	MBS Live Chat - 2:01PM "it seems the pattern has been with multiple bad days that once we get some momentum we get multiple good days....could be wishful thinking but it's just my $.02..."
	MBS Live Chat - 2:07PM "Which chart should I be watching 3.0, 3.5 or 4.0?..."
	MBS Live Chat - 2:08PM "4.0 at the moment, BMay,unless you're planning on charging/paying discount points...."
	MBS Live Chat - 2:08PM "4.0 is certainly the sweet spot...."
	MBS Live Chat - 2:10PM "MG I know I've asked this before, but what rates are included in the 4.0 coupon. 3.875% - 4.375% ?..."
	MBS Live Chat - 2:23PM "Yeah Paul. There's some flexibility between 4.25 and 4.375, and again between 4.75 and 4.875, depending on how GSEs are paying for the loans. But it's always going to be one or the other...."
	MBS Live Chat - 3:08PM "I saw a post yesterday regaring CoreLogic increasing credit report prices to $75. This is incorrect. The $75 fee is for a very robust credit supplement. Tri-merge prices are increasing about $0.40 per bureau, so less than $1.50 for a full tri-merge. Just wanted to clear up any confusion...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.55%

-0.02

15 Yr FRM

3.57%

-0.03

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.49%

+0.00

5/1 Yr ARM

3.26%

+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

4.51%

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

4.46%

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

95-20

+0-09

30YR FNMA 3.5

100-04

+0-10

30YR GNMA 3.0

96-26

+0-13

30YR GNMA 3.5

101-08

+0-11

15YR FNMA 3.0

102-21

+0-10

15YR FNMA 2.5

99-17

+0-12

Treasuries

Yield

Change

2 YR

0.3056%

+0.0002

5 YR

1.4903%

+0.0086

10 YR

2.8589%

-0.0109

30 YR

3.8911%

-0.0227

Prices as of: 12/6/2013 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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