Daily Newsletter: Wednesday December 18, 2013

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30 Year Fixed

                                                                4.59%
                                                                  
                                                                +0.02

15 Year Fixed

                                                                3.60%
                                                                  
                                                                +0.02

10YR Treasury

                                                                2.88%
                                                                  
                                                                +0.0422

FNMA 30YR 3.5

                                                                99-17
                                                                  
                                                                -0-17

FNMA 15YR 2.5

                                                                102-04
                                                                  
                                                                -0-06

View Today's Rates

Wednesday December 18, 2013

Mortgage Rate Watch - 5:32PM

Mortgage Rates Move Higher After Fed Tapering Announcement

Mortgage rates moved higher today after the Federal Reserve announced the first reduction in its purchases of Treasuries and MBS. The reduction in Treasuries hurts mortgage rates indirectly ...

MND NewsWire - 8:29AM

Mortgage Application Volume hits 12-year Low

It was another down week for mortgage application activity. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, fell 5.5 percent ...

MBS Commentary - 2:05PM

Differences Between Past and Current FOMC Statements

Release Date: October 30, December 18, 2013 For immediate release Information received since the Federal Open Market Committee met in September generally suggests October indicates ...

MND NewsWire - 12:43PM

Pull-Through, Processing Time, and Refinance Share Much-Improved in November

The percentage of loans originated for refinancing increased in November for the first time in 10 months Jonathan Corr, president and chief operating officer of Ellie Mae said today ...

Latest Video

Santelli: Wasn't a taper, just a 't'

Decent year for housing ahead?

Bernanke: Fed was slow to recognize crisis

More News from 'Around the Web'

Bloomberg - 6:37PM
Flagstar to Sell Servicing Rights on $40.7 Billion Mortgages - Bloomberg
WSJ - 5:05PM
Hilsenrath's Four Takeaways From December Fed Meeting
Market Watch - 5:03PM
U.S. stocks surge as investors cheer Fed taper
CNBC - 3:27PM
El-Erian: Fed taper begins-what happens next?
Federal Reserve - 2:13PM
NY Fed Releases Extra Clarification on MBS Tapering
CNBC - 2:11PM
Fed begins taper
Federal Reserve - 2:10PM
Federal Reserve Board and Federal Open Market Committee release economic projections from the December 17-18 FOMC meeting
OCC - 1:30PM
OCC Reports Third Quarter Trading Revenue of $4.5 Billion
CNN - 12:20PM
JPMorgan sues FDIC over Washington Mutual
CNBC - 11:05AM
Traders 'put' chips on Fed, regardless of taper
CNBC - 11:03AM
Who's afraid of the taper? US housing starts spike
www.aia.org - 10:02AM
Slight Contraction for Architecture Billings Index
Bloomberg - 8:19AM
Fed Said to Delay Bank Leverage Cap Until Basel Completed
Bloomberg - 8:15AM
Lennar Quarterly Profit Gains on Increased Sales at Higher Price
Reuters - 8:11AM
U.S. mortgage applications fall in latest week: MBA
CNBC - 8:11AM
Preview of a taper? Mortgage apps plunge
Market Watch - 8:10AM
Coming up: Housing starts in November

Today's Comments

	MBS Commentary - 9:23AM "Floating loans at the moment? Can always be on your computer, pricing engine open, and attentively tuned to MBS Live for breaking Fed news. While the window to react on these days isn't long, lenders can't reprice immediately, so you have at least a few minutes to lock if you're prepared...."
	MND NewsWire - 9:48AM "NO surprise. Everything is sold, less people can afford to buy, and prices went up too fast...."
	MND NewsWire - 10:36AM "Thanks for info and insight, guys. Ugly stuff!..."
	MBS Live Chat - 3:09PM "all in all, this could have been much worse. I was bracing to be slaughtered today so i'll take this...."
	MBS Live Chat - 1:00PM "I prefer the MBSLive cliff notes...."
	MBS Live Chat - 3:10PM "reality is that this guy and his policy made you all a lot of money in last 2 - 3 years...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.59%

+0.02

15 Yr FRM

3.60%

+0.02

FHA 30 Year Fixed

4.25%

+0.00

Jumbo 30 Year Fixed

4.54%

+0.02

5/1 Yr ARM

3.26%

+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

4.62%

0.38

+0.01

15 Yr. Fixed

3.66%

0.35

+0.00

30 Yr. Jumbo

4.61%

0.24

+0.02

30 Yr. FHA

4.25%

0.32

-0.05

5/1 ARM

3.20%

0.42

+0.09

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

95-07

-0-17

30YR FNMA 3.5

99-17

-0-17

30YR GNMA 3.0

96-18

-0-14

30YR GNMA 3.5

100-30

-0-14

15YR FNMA 3.0

102-04

-0-06

15YR FNMA 2.5

99-03

-0-07

Treasuries

Yield

Change

2 YR

0.3324%

+0.0100

5 YR

1.5313%

+0.0332

10 YR

2.8812%

+0.0422

30 YR

3.8957%

+0.0235

Prices as of: 12/18/2013 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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