Mortgage Apps Hit Harder Than Normal by Holidays; Luxury Homes Still Leading, but Demographics Shift; Rates Higher, Risks Ahead

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30 Year Fixed

                                                                3.93%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.15%
                                                                  
                                                                +0.03

10YR Treasury

                                                                2.28%
                                                                  
                                                                -0.0124

FNMA 30YR 3.5

                                                                103.83
                                                                  
                                                                -0.02

FNMA 15YR 2.5

                                                                103.81
                                                                  
                                                                -0.08

View Today's Rates

Wednesday December 3, 2014

MND NewsWire - 9:46AM

Mortgage Apps Hit Harder Than Normal by Holidays

Either eating turkey, Black Friday bargain hunting, or maybe both appear to have diverted many Americans from pursuing a mortgage last week. Applications for mortgages plummeted during ...

MND NewsWire - 4:15PM

Luxury Home Sales still Ascendant as Buyers Shift

Redfin, the large national real estate firm based in Seattle, is reporting that, while sales of homes costing over $1 million is still outpacing the rest of the market, the source of ...

Mortgage Rate Watch - 3:21PM

Mortgage Rates Modestly Higher as Risks Increase

Mortgage rates moved higher today but at a gentler pace than yesterday. In fact, underlying markets managed to hold fairly close to unchanged levels. Today's rate sheet weakness instead ...

MBS Commentary - 12:33PM

MBS MID-DAY: Weaker Data Offering Some Solace; Bonds Trying to Level-Off

Today's economic data hasn't had much of an effect on bond markets, but with the morning activity now in the rearview, the effects look slightly more positive than negative. There really ...

Latest Video

November ADP payrolls up 208,000

Almost like Fed in checkmate situation: Pro

Pro: Housing buying opportunities

More News from 'Around the Web'

WSJ - 3:10PM
A Little Bird Told Me: ADP's Payroll Report Hits Twitter Early
WSJ - 3:10PM
President Barack Obama Says Wages Feeding Undertow Of Pessimism'
The Big Picture - 3:08PM
Weak Eurozone
Bloomberg - 2:24PM
Fed Beige Book Shows 'Widespread' Job Gains Across Districts - Bloomberg
Market Watch - 1:13PM
Fed's Plosser not concerned about low inflation
CNN - 1:07PM
Millions of Americans are spending too much on housing
Bloomberg - 1:06PM
What's Worse: Big Banks or Bondholders Shaking Markets? - Bloomberg
Washington Post - 11:55AM
Small businesses sustain rapid job growth even as national employment growth slows
WSJ - 10:19AM
Fresno, Not San Francisco, Among Nation's Strong' Housing Markets, Trulia Says
Reuters - 10:19AM
U.S. service sector growth at three-month high: ISM
CNBC - 10:15AM
10-year yield could dip under 2%: BlackRock's Fink
CNBC - 8:48AM
Private sector job creation misses target: ADP
blog.redfin.com - 8:47AM
Sales of Million-Dollar-Plus Homes Growing, But Who's Buying Is Shifting
Calculated Risk Blog - 8:46AM
A few comments on the Seasonal Pattern for House Prices
WSJ - 8:46AM
Fed's Fischer, Dudley Have Their Eyes on Return to Normal
WSJ - 8:44AM
5 Things to Watch in the ECB's December Meeting
CNBC - 8:43AM
US Q3 productivity revised up, wages slashed
Calculated Risk Blog - 8:43AM
Update: More 2015 Housing Forecasts

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

3.93%

+0.02

15 Yr FRM

3.15%

+0.03

FHA 30 Year Fixed

3.40%

+0.05

Jumbo 30 Year Fixed

3.78%

+0.03

5/1 Yr ARM

3.25%

+0.03

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.47%

1.11

+0.02

30 Yr. Fixed

4.33%

1.33

-0.01

MBA **

30 Yr. Fixed

4.18%

0.24

-0.01

15 Yr. Fixed

3.38%

0.27

+0.00

30 Yr. Jumbo

4.10%

0.16

-0.03

30 Yr. FHA

3.85%

0.18

-0.05

5/1 ARM

3.09%

0.34

+0.04

Freddie Mac **

30 Yr. Fixed

3.97%

0.50

-0.02

15 Yr. Fixed

3.17%

0.50

+0.00

1 Yr. ARM

2.44%

0.40

+0.00

5/1 Yr. ARM

3.01%

0.50

+0.00

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

100.58

+0.02

30YR FNMA 3.5

103.83

-0.02

30YR GNMA 3.0

102.05

0.00

30YR GNMA 3.5

104.61

0.00

15YR FNMA 3.0

103.81

-0.08

15YR FNMA 2.5

101.59

-0.09

Treasuries

Yield

Change

2 YR

0.5593%

+0.0198

5 YR

1.6063%

+0.0115

10 YR

2.2817%

-0.0124

30 YR

2.9865%

-0.0262

Prices as of: 12/3/2014 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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