Daily Newsletter: Home Price Gains Continue to Slow; Rates Start Steady, then Move Higher Despite Improved Treasury Yields

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30 Year Fixed 4.48%   -0.02 15 Year Fixed 3.54%   -0.01 10YR Treasury 2.79%   -0.0127 FNMA 30YR 3.5 100.20   -0.13 FNMA 15YR 2.5 102.59   -0.14 View Today's Rates

Tuesday December 3, 2013 MND NewsWire - 10:59AM Home Price Gains Continue to Slow CoreLogic said today that month-over-month increases in home prices slowed to fractional numbers in October even as year-over-year increases continued for the 20 th consecutive month ... Mortgage Rate Watch - 3:59PM Mortgage Rates Steady at First, Then Higher Into Afternoon Mortgage rates began the day steady to slightly lower on average, though more than a few lenders were actually in worse shape. The average stayed in slightly stronger territory but ... Pipeline Press - 10:48AM Bank M&A update; Is Unemployment Data Relevant Anymore? A ccording to the FDIC, there are around 96,341 bank branches in the country vs. 97,340 a year ago (999 were closed). But SNL reports bank and thrift M&A activity remains below ... MBS Commentary - 4:30PM MBS RECAP: More Underperformance Turns Green Day Red MBS Live : MBS Afternoon Market Summary MBS and Treasuries diverged again today. This road more-traveled for MBS has several sources of justification and explanation, but it's really ... The Day Ahead: Chance for Technical Support Ahead of Data Glut Fannie and Freddie Overhaul Mortgage Insurance Master Policy Requirements Mortgage Rates Highest in More than 2 Months Bank of America, Freddie Mac Settle Repurchase Claim Trends in MBS & ARM Issuance; Freddie on Tornado Region; RESPA on Gifts for Referrals Do's and Don't's For a Smooth Mortgage Process: Thanksgiving Edition Latest Video Mortgage rates probably aren't going to fall Santelli's Midday Bond Report Trader: It's no longer just a Fed-driven rally More News from 'Around the Web' Reuters - 4:46PM Fed should give more detail on rate hike plans: Williams CFPB - 3:36PM How much money is spent on advertising financial products? CNN - 2:28PM Trump punches back with complaint against Attorney General CNBC - 1:55PM Lock and load? Mortgage rates on the rise again WSJ - 12:22PM Report: Lending Rules Could Have Cut Defaults in Half WSJ - 12:18PM Fed Official: Not Clear That Decision Not to Taper Surprised Markets in September CNN - 12:17PM Bill Gross: Don't fight the Fed, but be wary Reuters - 12:17PM U.S. judge rules Detroit eligible for bankruptcy protection Assoc. Mtg. Investors - 11:51AM AMI Resources: Bipartisan U.S. Senator Letter Warning on Eminent Domain Bloomberg - 11:14AM Invesco Mortgage Purchases All of Bond Deal as Demand Declines CNBC - 11:13AM Gross: Fed will keep rates low until at least 2016 CNBC - 11:01AM SEC expects to vote on Volcker rule soon www.nytimes.com - 11:01AM Wall Street Lower on Fears of Reduced Stimulus www.gallup.com - 8:58AM U.S. Economic Confidence Rises in November www.cfpbmonitor.com - 8:54AM CFPB releases compliance costs report CNBC - 7:56AM Banks to cut pay as profits rise CNBC - 7:54AM Ratings agencies face sanctions by EU watchdog Today's Comments MBS Live Chat - 3:45PM "anyone know why MBS are selling off when 10 year is still in the green consistently for the day?..." MBS Live Chat - 3:50PM "No buyers apart from the Fed. Year-end is a factor as well. With MBS hitting their strongest recent spreads in late november, and with year-end (read: less interested in fixed-income duration and risk) on the horizon, there has been a concerted move back in the other direction (now underperforming vs..." MBS Live Chat - 4:12PM "honestly, as bad as I hate this continued volatility, I have to admit it has made me better at what I do, had I been this "tuned in" 15 years ago I would have already been retired lol..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% -0.02 15 Yr FRM 3.54% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.45% -0.02 5/1 Yr ARM 3.25% +0.00 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 95.81 -0.11 30YR FNMA 3.5 100.20 -0.13 30YR GNMA 3.0 96.94 -0.11 30YR GNMA 3.5 101.36 -0.09 15YR FNMA 3.0 102.59 -0.14 15YR FNMA 2.5 99.41 -0.09 Treasuries Yield Change 2 YR 0.2894% +0.0000 5 YR 1.3964% -0.0228 10 YR 2.7861% -0.0127 30 YR 3.8453% -0.0143 Prices as of: 12/3/2013 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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