Daily Newsletter: Monday December 9, 2013

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30 Year Fixed

                                                                4.52%
                                                                  
                                                                -0.03

15 Year Fixed

                                                                3.53%
                                                                  
                                                                -0.04

10YR Treasury

                                                                2.85%
                                                                  
                                                                -0.0109

FNMA 30YR 3.5

                                                                100-09
                                                                  
                                                                +0-05

FNMA 15YR 2.5

                                                                102-24
                                                                  
                                                                +0-03

View Today's Rates

Monday December 9, 2013

MND NewsWire - 12:14PM

LPS Already Seeing Increased HELOC Problems; More to Come

Lender Processing Services (LPS) Mortgage Monitor for October reports that 48 percent of outstanding second lien home equity lines of credit (HELOCs) were originated between 2004 and ...

MND NewsWire - 1:40PM

Home Price Expectations Continue to Decline

Responses to the most recent National Housing Survey conducted by Fannie Mae show Americans continue to be cautious in their appraisals of the housing recovery and of their own financial ...

MND NewsWire - 9:43AM

FHA Lowers Loan Limits for 650 High Cost Areas

The Department of Housing and Urban Development (HUD) announced late Friday that the maximum loan eligible for a Federal Housing Administration (FHA) guarantee will be reduced from ...

MND NewsWire - 4:58PM

Some Mortgage Servicers Need Improvement -Housing Scorecard

The Departments of Housing and Urban Development and Treasury issued their joint Housing Scorecard on Monday. The Scorecard summarizes information on home sales, mortgage originations ...

Latest Video

Santelli Exchange: The economy is not any better

Fed likely to taper in Q1: Pro

Rate cycle like 'no other' ahead: Liesman

More News from 'Around the Web'

WSJ - 5:02PM
Vital Signs: Housing Is No Longer the Piggy Bank It Used to Be
CNBC - 4:59PM
Skyrocketing rents hit 'crisis' levels
WSJ - 3:06PM
Work Force Is Shrinking Because of Retiring Boomers, Philly Fed Paper Argues
Reuters - 3:05PM
Republican SEC member blasts $13 billion JPMorgan settlement
Reuters - 3:04PM
Fed's Fisher wants December taper, clear path to end of QE3
www.frbsf.org - 3:02PM
Why Do Measures of Inflation Disagree?
Reuters - 1:42PM
Fed could do 'small' QE3 taper to recognize job gains: Bullard
Reuters - 12:59PM
Fed's Lacker: Risks of further bond-buying outweigh benefits
Reuters - 12:57PM
SEC official says final Volcker rule 'significantly different'
CNBC - 12:52PM
Guess what? DC could deliver a merry Christmas
Washington Post - 12:16PM
Wonkblog: Here's what sequestration will look like in 2014 if the budget deal fails
Bloomberg - 12:15PM
BlackRock's Kapito Recommends Real Assets Over Stocks - Bloomberg
CNN - 10:37AM
Real estate: Look for value in in 2014
CNBC - 10:25AM
Is Fed policy causing deflation? Some think so
www.lpsvcs.com - 9:36AM
LPS' October Mortgage Monitor
www.gallup.com - 9:35AM
In U.S., Most Enjoy Saving Over Spending
CNBC - 9:31AM
Here's what's holding up the US recovery

Today's Comments

	MBS Live Chat - 12:03PM "anyone in a market where FHA loan limits are going down 100k+?..."
	MBS Live Chat - 12:04PM "Clayton Sandy (12/8/13 11:06PM): I've got 5 borrowers right now that will be affected by it. Salt Lake County goes from $729K to $300?? How does that make any sense? I'll have to order case numbers and hope they don't cancel them before the homes are complete..."
	MBS Live Chat - 12:04PM "ah I see. One of my countires was 385 and now 285 and needs 385. Boo on FHA...."
	MBS Live Chat - 12:09PM "I don't even want to think about the MIP costs for a 700K FHA loan...."
	MBS Live Chat - 12:11PM "We are currently at $729k in Salt Lake County. Going down to $300k...how does that even make sense?..."
	MBS Live Chat - 12:41PM "northern VA and DC metro area got dropped to 625,500..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.52%

-0.03

15 Yr FRM

3.53%

-0.04

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.47%

-0.02

5/1 Yr ARM

3.23%

-0.03

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

95-26

+0-06

30YR FNMA 3.5

100-09

+0-05

30YR GNMA 3.0

96-30

+0-04

30YR GNMA 3.5

101-12

+0-04

15YR FNMA 3.0

102-24

+0-03

15YR FNMA 2.5

99-19

+0-02

Treasuries

Yield

Change

2 YR

0.3017%

-0.0039

5 YR

1.4888%

-0.0015

10 YR

2.8480%

-0.0109

30 YR

3.8740%

-0.0171

Prices as of: 12/9/2013 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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