Daily Newsletter: Mortgage Rates Run to 3-Month Highs Complicated by Fee Hikes; Existing Home Sales Break 29-Month Streak

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30 Year Fixed 4.62%   +0.03 15 Year Fixed 3.64%   +0.04 10YR Treasury 2.93%   +0.0534 FNMA 30YR 3.5 99.30   -0.23 FNMA 15YR 2.5 101.94   -0.19 View Today's Rates

Thursday December 19, 2013 Mortgage Rate Watch - 4:09PM Mortgage Rates Run to 3-Month Highs Complicated by Fee Hikes Mortgage rates continued higher today, reaching levels not seen since the week before the FOMC Announcement in September. Today's weakness owes itself completely to yesterday's news ... MND NewsWire - 10:54AM Existing Home Sales Break 29 month Streak of Year-Over-Year Gains Existing home sales in November failed to outdo those in the same month a year earlier for the first time in 29 months . The National Association of Realtors® (NAR) said today that ... MND NewsWire - 2:04PM CFPB Launches Education Campaign Ahead of New Mortgage Rules With new mortgage regulations due to be implemented in less than a month, the Consumer Financial Protection Bureau (CFPB) has released a set of materials designed to educate both homebuyers ... MND NewsWire - 1:52PM Construction Activity Most Disappointing Aspect of Housing Recovery Fannie Mae said today that the third quarter economy was better than expected with inventory buildups that doubled from the second quarter, the fastest accumulation since the first ... Impac to Sell Retail Channel; OB Buys LoanSifter; Two Harbors Buys Flagstar Servicing; The State of Non-Agency MBS RECAP: Living up to Not-so-Great Expectations Pull-Through, Processing Time, and Refinance Share Much-Improved in November Differences Between Past and Current FOMC Statements Latest Video Santelli's Midday Bond Report: 'Hot mode' Blackstone's 2014 outlook on housing Traditional home buyers back More News from 'Around the Web' Bloomberg - 8:46PM Treasuries Benchmark Yields Set to Rise for Fifth Week on Fed - Bloomberg CNBC - 5:19PM Ocwen ordered to repay $2 billion CNBC - 5:19PM Treasury Sec. Lew sends letter to Congress, warns of funding crisis in late Feb. or March Bloomberg - 5:17PM Lew Says U.S. Ability to Borrow May Run Out by Late February - Bloomberg Reuters - 5:17PM Miami sues big banks over discriminatory mortgage lending Reuters - 5:17PM Mortgage case against Deutsche Bank filed too late: NY court The Huffington Post - 3:35PM Senate May Vote On Janet Yellen In Rare Saturday Session, Aide Says www.cfpbmonitor.com - 3:27PM Prudential Regulators Clarify Supervisory Approach Relative to CFPB Mortgage Regulation Reuters - 1:37PM Deutsche Bank is dismissed from large U.S. mortgage debt lawsuit CFPB - 1:11PM Explainer: What the multi-billion dollar Ocwen enforcement action means for you freddiemac.mwnewsroom.com - 11:40AM Freddie Mac: Diverging Homebuyer Affordability news.google.com - 11:00AM The Morning Ledger: Fed Faces Inflation Dilemma - Wall Street Journal (blog) content.govdelivery.com - 10:16AM FDIC Publication Focuses on Need for Effective Interest-Rate Risk Management freddiemac.mwnewsroom.com - 10:10AM Freddie Mac: Fixed Mortgage Rates Inch Up Slightly freddiemac.mwnewsroom.com - 10:10AM Freddie Mac Expands First Look Period to 20 Days for Homebuyers, Nonprofits to Buy Homesteps(R) Homes Without Investor Competition OCC - 10:08AM OCC Report Focuses on Risks Facing National Banks and Federal Savings Associations CNBC - 10:07AM Existing home sales drop 4.3 percent in November Today's Comments MBS Live Chat - 8:47AM "surprised claims at least didn't stop the bleeding..." MBS Live Chat - 8:47AM "Looks like MBS' must be on the naughty list this year. #bluechristmas..." MBS Live Chat - 8:51AM "either way, it's allot of selling in normally thin holiday volume....could get ugly fast..." MBS Live Chat - 9:08AM "I'm good with taper, good with yields rising to more normal levels, I'm not good with LLPA's or QM, or Gfees..." MBS Live Chat - 9:10AM "I am less concerned with higher rates and more concerned that every day my investors are changing their overlays and every investor seems to have their own spin on interpreting QM. Not fun for a secondary desk or u/w come January 10...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.62% +0.03 15 Yr FRM 3.64% +0.04 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.57% +0.03 5/1 Yr ARM 3.23% -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 4.62% 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 94.95 -0.25 30YR FNMA 3.5 99.30 -0.23 30YR GNMA 3.0 96.52 -0.05 30YR GNMA 3.5 100.70 -0.22 15YR FNMA 3.0 101.94 -0.19 15YR FNMA 2.5 98.83 -0.25 Treasuries Yield Change 2 YR 0.3677% +0.0353 5 YR 1.6422% +0.1109 10 YR 2.9346% +0.0534 30 YR 3.9102% +0.0145 Prices as of: 12/19/2013 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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