Daily Newsletter: Thursday December 12, 2013

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30 Year Fixed

                                                                4.57%
                                                                  
                                                                +0.03

15 Year Fixed

                                                                3.58%
                                                                  
                                                                +0.05

10YR Treasury

                                                                2.88%
                                                                  
                                                                +0.0311

FNMA 30YR 3.5

                                                                99-18
                                                                  
                                                                -0-07

FNMA 15YR 2.5

                                                                102-05
                                                                  
                                                                -0-06

View Today's Rates

Thursday December 12, 2013

MND NewsWire - 11:06AM

New Home Purchase Applications Dwindle in MBA's Latest Builder Survey

The Mortgage Bankers Association (MBA) said today that applications for the purchase of newly constructed homes declined in November by about 18 percent from October levels. The change ...

MND NewsWire - 9:51AM

Foreclosure Crisis Enters 9th Inning; Outcome All But Guaranteed -RealtyTrac

Foreclosure starts reached a 95 month low in November. RealtyTrac, in its November U.S. Foreclosure Market Report, said that a total of 52,826 properties entered formal foreclosure ...

MND NewsWire - 4:10PM

Appraisal Exemptions for Streamline Refis and Low Balance Loans

Both very small mortgages and some "streamlined" refinancings will exempted from certain of the appraisal requirements for higher-priced mortgages (the agencies use the term "higher ...

Mortgage Rate Watch - 4:46PM

Mortgage Rates are Actually Back Near Recent Highs

Mortgage rates moved higher again today , bringing them just shy of the highest rates of the past several months seen last Wednesday. The most prevalently quoted rate is still 4.625 ...

Latest Video

Santelli's Midday Bond Report

Santelli's morning bond update

Jobless claims up 68,000 to 368,000

More News from 'Around the Web'

Bloomberg - 5:08PM
Federal Reserve's Balance Sheet Jumps to $3.994 Trillion - Bloomberg
FHFA - 3:09PM
Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
freddiemac.mwnewsroom.com - 2:31PM
Freddie Mac Announces Holiday Eviction Moratorium Between December 18, 2013 to January 3, 2014
WSJ - 1:48PM
Fed Scorecard: Where Do Officials Stand on Tapering?
The Huffington Post - 12:51PM
Trulia: 2014 Will Be The Year Of Repeat Home Buyer
Bloomberg - 12:50PM
Fed's Evans Says CFTC Right to Reevaluate Computerized Trading - Bloomberg
CNBC - 12:40PM
Borrowers struggle to pay off home equity loans
content.govdelivery.com - 12:37PM
FDIC Consumer Newsletter Highlights New Rules and Tips for Mortgage Borrowers
CNBC - 10:39AM
Key GDP component jumps most in 9 months
transunion.mwnewsroom.com - 9:36AM
TransUnion Forecasts Mortgage Delinquency Rate Decline to Slow in 2014; Credit Card Delinquency to Remain at Healthy Level
blog.redfin.com - 9:35AM
November's U.S. Housing Numbers: Not a Lot to Give Thanks For
business.time.com - 9:34AM
This Man Wants to Lower Your Mortgage Payment
CNBC - 9:01AM
Fewer US homes entered foreclosure path in Nov.
Market Watch - 9:01AM
The new investment vehicle for the rich: subprime mortgages
CNN - 8:25AM
500-page mortgage applications are the new normal
CNBC - 8:24AM
US bonds hold losses; Washington in focus

Today's Comments

	MND NewsWire - 4:35PM "Wow, loans under 25K are exempt! That should impact at least two loans per state per year. Thanks, Washington!..."
	MBS Live Chat - 12:56PM "the last 10 30yr auctions avg a btc of 2.42, lets hope for a higher btc..."
	MBS Live Chat - 12:57PM "thanks for crunching those numbers Vic! A true "VB report!" Jeff will be stoked...."
	MBS Live Chat - 1:04PM "Ok, pretty bland auction, traders run out for quick sammy, supply rally in 20 mins? Who's in?..."
	MBS Live Chat - 1:08PM "Initial reaction is choppy. Any signs of more green on the way once traders are done with their paninis?..."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.57%

+0.03

15 Yr FRM

3.58%

+0.05

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.49%

+0.03

5/1 Yr ARM

3.25%

+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

4.61%

0.26

+0.10

15 Yr. Fixed

3.66%

0.31

+0.10

30 Yr. Jumbo

4.59%

0.15

+0.10

30 Yr. FHA

4.30%

0.38

+0.13

5/1 ARM

3.11%

0.35

+0.02

Freddie Mac **

30 Yr. Fixed

4.42%

0.70

-0.04

15 Yr. Fixed

3.43%

0.70

-0.04

1 Yr. ARM

2.51%

0.40

-0.08

5/1 Yr. ARM

2.94%

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

95-05

-0-06

30YR FNMA 3.5

99-18

-0-07

30YR GNMA 3.0

96-10

-0-08

30YR GNMA 3.5

100-26

-0-06

15YR FNMA 3.0

102-05

-0-06

15YR FNMA 2.5

99-03

-0-07

Treasuries

Yield

Change

2 YR

0.3258%

+0.0160

5 YR

1.5354%

+0.0397

10 YR

2.8810%

+0.0311

30 YR

3.8965%

+0.0180

Prices as of: 12/12/2013 4:32PM 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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