Daily Newsletter: Diverging Affordability; Wake-Up Call: Fee Increases Hitting Mortgage Rates Already!

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30 Year Fixed 4.59%   -0.03 15 Year Fixed 3.61%   -0.03 10YR Treasury 2.89%   -0.0423 FNMA 30YR 3.5 99.83   +0.53 FNMA 15YR 2.5 102.13   +0.19 View Today's Rates

Friday December 20, 2013 MND NewsWire - 2:30PM As Mortgage Rates Rise, Affordability is Diverging Freddie Mac's December U.S. Economic & Housing Market Outlook looks at what the company's chief economist Frank Nothaft and deputy chief Leonard Kiefer call " diverging homebuyer ... Mortgage Rate Watch - 4:29PM Mortgage Rates Bounce Back; Wake-Up Call on Fee Increases! Mortgage rates bounced back today, recovery the ground they lost in yesterday's move to 3-month highs. Today then, is the second worst day in 3 months, at least for those who don't ... MND NewsWire - 2:06PM CFPB Promises Extra Scrutiny For Ocwen after Lawsuit One settlement and one enforcement action have been announced in the last 24 hours and they are going to cost two financial institutions a lot of money . The enforcement action, announced ... Pipeline Press - 10:44AM Lawsuits: Ocwen/CFPB Case Settled; Major Buyback Ruling in Favor of lenders; MBA Rolls Out QM Guide Borrowers have saved countless billions by refinancing over the last few years. But they aren't the only ones saving money: the Treasury Department reports that the average interest ... MBS RECAP: Positive Grind All Day Long CFPB Launches Education Campaign Ahead of New Mortgage Rules Construction Activity Most Disappointing Aspect of Housing Recovery Existing Home Sales Break 29 month Streak of Year-Over-Year Gains Impac to Sell Retail Channel; OB Buys LoanSifter; Two Harbors Buys Flagstar Servicing; The State of Non-Agency Latest Video Keep rising interest rates in perspective: Expert Banks speed foreclosure sales The Week That Was: Fed tapers, stocks soar More News from 'Around the Web' business.time.com - 5:25PM Stocks Reach Record Highs After a Week of Bullish Data WSJ - 3:37PM Despite Falling Short of Goals, Fed Suffers From QE-Fatigue Market Watch - 3:37PM Investors move forward rate-hike expectations Calculated Risk Blog - 2:39PM Research: The Long-Term Outlook for Residential Construction Bloomberg - 1:40PM Fed Dissenter Rosengren Sees Premature Taper as Growth Unassured - Bloomberg Reuters - 1:40PM Yellen Fed nomination headed toward clearing Senate hurdle www.aei-ideas.org - 1:35PM This is what happens when a central bank is overly focused on inflation S&P/Case Shiller - 12:18PM All Cash Sales Share at New High in November CFPB - 10:39AM Ally to repay $80 million to consumers it discriminated against freddiemac.mwnewsroom.com - 9:44AM Freddie Mac Announces Settlement With Deutsche Bank Reuters - 8:09AM Yellen expected to win U.S. Senate test vote Friday to head Fed www.nytimes.com - 8:08AM S.&P. Cuts European Union's Credit Rating CNBC - 8:06AM US treasurys fall as investors digest taper Today's Comments MBS Commentary - 10:54AM "Matthew, Thank you for your insight and guidance! Where are you hearing or seeing the chatter in regards to the next round of taper estimation ($10bn)? Thanks!..." MBS Live Chat - 2:59PM "Has anyone seen the Gfee start to be priced in? I heard a rumor wells was already today or would next week..." MBS Live Chat - 2:59PM "some lender's are pricing them on 60 day locks..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.59% -0.03 15 Yr FRM 3.61% -0.03 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% -0.02 5/1 Yr ARM 3.22% -0.01 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 4.47% 0.70 +0.05 15 Yr. Fixed 3.51% 0.60 +0.08 1 Yr. ARM 2.57% 0.50 +0.06 5/1 Yr. ARM 2.96% 0.40 +0.02 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 95.52 +0.56 30YR FNMA 3.5 99.83 +0.53 30YR GNMA 3.0 97.02 +0.50 30YR GNMA 3.5 101.23 +0.53 15YR FNMA 3.0 102.13 +0.19 15YR FNMA 2.5 99.16 +0.33 Treasuries Yield Change 2 YR 0.3795% +0.0118 5 YR 1.6783% +0.0361 10 YR 2.8923% -0.0423 30 YR 3.8230% -0.0872 Prices as of: 12/20/2013 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. 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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