Daily Newsletter: First Purchase-Dominated Market Since 2000; Rates Much Higher After FOMC; NAR Wants Looser Credit

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30 Year Fixed 4.43%   +0.10 15 Year Fixed 3.50%   +0.08 10YR Treasury 2.80%   +0.0883 FNMA 30YR 3.5 100.88   -0.64 FNMA 15YR 2.5 103.16   -0.27 View Today's Rates

Wednesday November 20, 2013 MND NewsWire - 9:51AM Freddie Mac Forecasts First Purchase-Dominated Market Since 2000 The coming year should bring an emergence of the first purchase-dominated market the U.S. has seen since 2000 Freddie Mac predicted today. The single-family mortgage market will soon ... Mortgage Rate Watch - 5:32PM Mortgage Rates Much Higher After FOMC Mortgage rates shot significantly higher after today's FOMC Minutes reminded markets that the Fed is still intently considering a reduction in asset purchases. Most lenders are a full ... MBS Commentary - 3:15PM Making Sense of the FOMC Minutes' Impact on Bond Markets Back in May and June, the Fed was either clearly finding a sense of urgency about managing the pace of asset purchases or they clearly wanted us to believe the same. This resulted in ... MND NewsWire - 10:57AM Stronger Home Sales will Require More Construction and Looser Credit - NAR Low inventories continue to drive home prices up from year-ago levels, but existing home sales appear to have at least temporarily cooled the National Association of Realtors® ... MND NewsWire - 3:10PM Purchase Mortgages Top 60 percent in October Mortgage loan originations for the purpose of purchasing topped 60 percent in October Ellie Mae said on Wednesday, for the first time since the company began publishing its Origination ... MBS RECAP: Bond Markets Weakest Since September after FOMC Final Disclosure Forms Ready; Lenders Have Almost Two Years to Implement Mortgage Applications Drift Lower during Holiday Shortened Week CFPB & RMIC; New Mortgage Form Chatter; Thoughts on Hedging Non-QM Loans RESPA-TILA Disclosure Change Announcement; No Exemption for Small Lenders The Argument for the Fed Reducing MBS Purchases; 35 business days til QM; PACE Loan Update California Sales Slide Again, Shutdown Gets Partial Blame Latest Video Fed minutes: QE communication issues Fed money never destined for 'real economy': Pro Santelli Exchange: Sen. Corker to support Yellen More News from 'Around the Web' Reuters - 5:02PM Ally Financial repays $5.9 billion in bailout aid: Treasury WSJ - 5:02PM Fed Minutes Takeaways: On Track to End QE, but Stick to Low Rates CNBC - 3:00PM Watch out! Worrisome housing signs appear in West Google News - 3:00PM Realtors® Support Revamped Mortgage Disclosure Form CFPB - 1:55PM Explainer: How the final TILA-RESPA rule differs from the proposal Federal Reserve - 2:15PM Minutes of the Federal Open Market Committee, October 29-30, 2013 Bloomberg - 1:25PM Toll's Yearley Says Homebuilder Has Room to Raise Prices - Bloomberg Bloomberg - 11:39AM Bullard Says Tapering Bond Buying Is 'On the Table' Next Month - Bloomberg www.aei.org - 10:21AM The FHA is a predatory lender Realtor.Org - 11:38AM Veissi: Pause Needed on Flood Ins. Changes Today's Comments MND NewsWire - 3:37PM "Can't believe average pull through is only 52%. Must be a heck of a lot of applications being submitted with no chance of closing. Clearly there's a ton of time being wasted disclosing, processing, and underwriting loans that fall out...." MBS Commentary - 4:43PM "Awesome insight into the intent of Fed minutes. Bottom line is that no matter how much loan officers want QE Infinity, it's on its last legs, barring a calamitous economic downturn...." MBS Commentary - 5:25PM "Ted the Economic Downturn will come when they stop and rates go up.. The two major areas showing the best signs of recovery is Auto and Housing.. As much as everyone wants to pretend rising rates won't take down the housing recovery is sadly mistaken. It's not that LO's want QE infinity we just don't..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% +0.10 15 Yr FRM 3.50% +0.08 FHA 30 Year Fixed 4.13% +0.12 Jumbo 30 Year Fixed 4.41% +0.10 5/1 Yr ARM 3.28% +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 4.46% 0.38 +0.02 15 Yr. Fixed 3.52% 0.33 +0.00 30 Yr. Jumbo 4.47% 0.22 -0.01 30 Yr. FHA 4.14% 0.25 -0.02 5/1 ARM 3.12% 0.27 +0.01 Freddie Mac ** 30 Yr. Fixed 4.35% 0.70 +0.19 15 Yr. Fixed 3.35% 0.70 +0.08 1 Yr. ARM 2.61% 0.40 +0.00 5/1 Yr. ARM 3.01% 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 96.44 -0.78 30YR FNMA 3.5 100.88 -0.64 30YR GNMA 3.0 97.63 -0.70 30YR GNMA 3.5 102.02 -0.56 15YR FNMA 3.0 103.16 -0.27 15YR FNMA 2.5 99.91 -0.38 Treasuries Yield Change 2 YR 0.2783% -0.0160 5 YR 1.3763% +0.0198 10 YR 2.7987% +0.0883 30 YR 3.9110% +0.1084 Prices as of: 11/20/2013 4:31PM 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. 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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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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