Daily Newsletter: Monday December 2, 2013

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30 Year Fixed

                                                                4.50%
                                                                  
                                                                +0.05

15 Year Fixed

                                                                3.55%
                                                                  
                                                                +0.04

10YR Treasury

                                                                2.80%
                                                                  
                                                                +0.0525

FNMA 30YR 3.5

                                                                100-11
                                                                  
                                                                -0-16

FNMA 15YR 2.5

                                                                102-24
                                                                  
                                                                -0-09

View Today's Rates

Monday December 2, 2013

Mortgage Rate Watch - 4:13PM

Mortgage Rates Highest in More than 2 Months

Mortgage rates moved higher today , bringing them to their worst levels since the morning of September 18th. The average 30yr fixed rate for the most ideally qualified borrowers was ...

MND NewsWire - 12:42PM

Fannie and Freddie Overhaul Mortgage Insurance Master Policy Requirements

Fannie Mae and Freddie Mac have completed a major overhaul of their master policy requirements for private mortgage insurance the Federal Housing Finance Agency (FHFA) announced today ...

MND NewsWire - 9:41AM

Bank of America, Freddie Mac Settle Repurchase Claim

Bank of America has settled another claim for loans it either originated during the housing boom or acquired through its purchase of another lender. The latest in the series of settlements ...

Pipeline Press - 9:25AM

Trends in MBS & ARM Issuance; Freddie on Tornado Region; RESPA on Gifts for Referrals

The Federal Reserve Bank of New York, the same folks that buy all those agency MBS every week, tells us that the total outstanding balance of student loans reached $1.03 trillion as ...

Latest Video

Jobs number critical for taper: Pro

Cashin says: ISM data spooked bond market

Fannie Mae: Five years later

More News from 'Around the Web'

Reuters - 4:44PM
Fed does not object to new Goldman, JPMorgan capital plans
www.cfpbmonitor.com - 3:59PM
CFPB to hold December 12 field hearing on arbitration
economix.blogs.nytimes.com - 2:36PM
Economix Blog: Economists Are Different From You and Me
Washington Post - 2:33PM
Wonkblog: These 18 countries may have housing bubbles. If they pop, God help us all.
WSJ - 1:26PM
5 Things to Watch on the Economic Calendar
Washington Post - 12:08PM
Wonkblog: Unemployment benefits will soon expire for 2.1 million workers. Where will they go?
FHFA - 12:01PM
FHFA Announces Overhaul of Fannie Mae and Freddie Mac Mortgage Insurance Master Policy Requirements
freddiemac.mwnewsroom.com - 12:01PM
Freddie Mac Statement on Mortgage Insurance Master Policy Requirements
CNBC - 10:57AM
US manufacturing growth hits 2-1/2-year high
House Financial Services - 10:55AM
Giving the FHA a new lease on life: Chairman Hensarling Op-Ed
www.gallup.com - 9:36AM
U.S. Consumer Spending Estimates Up Slightly in November
CNBC - 9:34AM
Factory activity better than expected in November
CNBC - 9:34AM
US stocks begin little changed ahead of manufacturing report
Reuters - 8:28AM
Bank of America to pay $404 million to Freddie Mac to settle mortgage dispute
freddiemac.mwnewsroom.com - 8:27AM
Freddie Mac Announces Settlement With Bank of America
www.freddiemac.com - 8:27AM
A New World for Community Based Lenders
CNBC - 8:25AM
Bonds move lower ahead of ISM data

Today's Comments

	MBS Live Chat - 11:44AM "We were at 2.73 back on 7/5 and closed around 2.75 on 11/26. In between we have seen 2.99 and then 2.52. Seems we are dacing all around 2.75 (dead center). It feels like the 10YR wants to move up and I am prepared for a 3-3.25 in Q1. It would take some bad economic news to push this yield below 2.75..."
	MBS Live Chat - 11:47AM "I think frustrations are magnified after a November in which we lost 220 bp (from close on 10/31 through close of 11/29) on the 3.5 coupon...."
	MBS Live Chat - 11:47AM "I agree. THe trend is higher and the economy is better. The CEO of Dow said he felt the economy is growing at 2.5% which is pretty solid given the political landscape...."
	MBS Live Chat - 12:18PM "How come no repricing?..."
	MBS Live Chat - 12:19PM "probably be some coming shortly..."
	MBS Live Chat - 12:19PM "Careful what you ask for DM..."
	MBS Live Chat - 12:19PM "REPRICE : 12:19 PM - NYCB Worse..."
	MBS Live Chat - 12:23PM "REPRICE : 12:23 PM - Wells Fargo Worse..."
	MBS Live Chat - 1:02PM "REPRICE : 1:02 PM - Fifth Third Mortgage Worse..."
	MBS Live Chat - 1:12PM "Once the taper begins I think the move up could be even more violent than I thought before based on the article in the news stream earlier today. http://www.bloomberg.com/news/2013-12-02/citigroup-to-bofa-spurn-treasuries-to-hoard-cash-on-taper-risk.html. I'd think they would shrink purchases even more..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.50%

+0.05

15 Yr FRM

3.55%

+0.04

FHA 30 Year Fixed

4.25%

+0.10

Jumbo 30 Year Fixed

4.47%

+0.05

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

3.62%

1.06

+0.18

30 Yr. Fixed

4.49%

1.21

+0.22

MBA **

30 Yr. Fixed

4.48%

0.31

+0.02

15 Yr. Fixed

3.52%

0.31

+0.00

30 Yr. Jumbo

4.48%

0.15

+0.01

30 Yr. FHA

4.16%

0.24

+0.02

5/1 ARM

3.18%

0.37

+0.06

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

95-30

-0-17

30YR FNMA 3.5

100-11

-0-16

30YR GNMA 3.0

97-02

-0-17

30YR GNMA 3.5

101-15

-0-16

15YR FNMA 3.0

102-24

-0-09

15YR FNMA 2.5

99-16

-0-10

Treasuries

Yield

Change

2 YR

0.2894%

+0.0040

5 YR

1.4192%

+0.0474

10 YR

2.7988%

+0.0525

30 YR

3.8596%

+0.0428

Prices as of: 12/2/2013 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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