Daily Newsletter: Mortgage Apps Hit Harder Than Normal by Holidays; Luxury Homes Still Leading, but Demographics Shift; Rates Higher, Risks Ahead

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30 Year Fixed 3.93%   +0.02 15 Year Fixed 3.15%   +0.03 10YR Treasury 2.28%   -0.0124 FNMA 30YR 3.5 103.83   -0.02 FNMA 15YR 2.5 103.81   -0.08 View Today's Rates

Wednesday December 3, 2014 MND NewsWire - 9:46AM Mortgage Apps Hit Harder Than Normal by Holidays Either eating turkey, Black Friday bargain hunting, or maybe both appear to have diverted many Americans from pursuing a mortgage last week. Applications for mortgages plummeted during ... MND NewsWire - 4:15PM Luxury Home Sales still Ascendant as Buyers Shift Redfin, the large national real estate firm based in Seattle, is reporting that, while sales of homes costing over $1 million is still outpacing the rest of the market, the source of ... Mortgage Rate Watch - 3:21PM Mortgage Rates Modestly Higher as Risks Increase Mortgage rates moved higher today but at a gentler pace than yesterday. In fact, underlying markets managed to hold fairly close to unchanged levels. Today's rate sheet weakness instead ... MBS Commentary - 12:33PM MBS MID-DAY: Weaker Data Offering Some Solace; Bonds Trying to Level-Off Today's economic data hasn't had much of an effect on bond markets, but with the morning activity now in the rearview, the effects look slightly more positive than negative. There really ... LIBOR Use Update Call and Other Events; Supply and Demand Determine Rates MBS Day Ahead: Bond Markets Getting Back to Business, Just in Time for Bigger Data Latest Video November ADP payrolls up 208,000 Almost like Fed in checkmate situation: Pro Pro: Housing buying opportunities More News from 'Around the Web' WSJ - 3:10PM A Little Bird Told Me: ADP's Payroll Report Hits Twitter Early WSJ - 3:10PM President Barack Obama Says Wages Feeding 'Undertow Of Pessimism' The Big Picture - 3:08PM Weak Eurozone Bloomberg - 2:24PM Fed Beige Book Shows 'Widespread' Job Gains Across Districts - Bloomberg Market Watch - 1:13PM Fed's Plosser not concerned about low inflation CNN - 1:07PM Millions of Americans are spending too much on housing Bloomberg - 1:06PM What's Worse: Big Banks or Bondholders Shaking Markets? - Bloomberg Washington Post - 11:55AM Small businesses sustain rapid job growth even as national employment growth slows WSJ - 10:19AM Fresno, Not San Francisco, Among Nation's 'Strong' Housing Markets, Trulia Says Reuters - 10:19AM U.S. service sector growth at three-month high: ISM CNBC - 10:15AM 10-year yield could dip under 2%: BlackRock's Fink CNBC - 8:48AM Private sector job creation misses target: ADP blog.redfin.com - 8:47AM Sales of Million-Dollar-Plus Homes Growing, But Who's Buying Is Shifting Calculated Risk Blog - 8:46AM A few comments on the Seasonal Pattern for House Prices WSJ - 8:46AM Fed's Fischer, Dudley Have Their Eyes on Return to Normal WSJ - 8:44AM 5 Things to Watch in the ECB's December Meeting CNBC - 8:43AM US Q3 productivity revised up, wages slashed Calculated Risk Blog - 8:43AM Update: More 2015 Housing Forecasts Today's Rates Best Execution Rate Change 30 Yr FRM 3.93% +0.02 15 Yr FRM 3.15% +0.03 FHA 30 Year Fixed 3.40% +0.05 Jumbo 30 Year Fixed 3.78% +0.03 5/1 Yr ARM 3.25% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** 30 Yr. Fixed 3.97% 0.50 -0.02 15 Yr. Fixed 3.17% 0.50 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.50 +0.00 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 3.0 100.58 +0.02 30YR FNMA 3.5 103.83 -0.02 30YR GNMA 3.0 102.05 0.00 30YR GNMA 3.5 104.61 0.00 15YR FNMA 3.0 103.81 -0.08 15YR FNMA 2.5 101.59 -0.09 Treasuries Yield Change 2 YR 0.5593% +0.0198 5 YR 1.6063% +0.0115 10 YR 2.2817% -0.0124 30 YR 2.9865% -0.0262 Prices as of: 12/3/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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