Daily Newsletter: Rates are Actually Higher Today; 2014 Housing: From Hole to Whimper; Lenders Gloomy on Purchases and Profits

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.88%   +0.06 15 Year Fixed 3.14%   +0.03 10YR Treasury 2.21%   +0.0789 FNMA 30YR 3.5 103.98   -0.23 FNMA 15YR 2.5 103.77   -0.17 View Today's Rates

Thursday December 18, 2014 Mortgage Rate Watch - 3:00PM Mortgage Rates are Actually Higher Today Mortgage rates moved higher at a much quicker pace today. This runs counter to the most widely-circulated weekly rate report from Freddie Mac, which indicates a new low for 2014. The ... MND NewsWire - 1:22PM 2014 Economy and Housing: From Deep Hole to Whimper Referring to its " roller-coaster pattern of economic growth," Fannie Mae summarized the economy and housing in 2014 as a year that started with a deep hole and ended with a whimper ... MND NewsWire - 1:03PM Lenders Gloomy about Purchase Demand and Profits Fannie Mae's writers use the word "stable" repeatedly to describe many of the findings from its fourth quarter 2014 Mortgage Lender Sentiment Survey, especially where the senior executives ... Pipeline Press - 10:15AM Nationwide Rents and Coastal Property Values Continue Higher; MI news "Congress extends Mortgage Debt Forgiveness Act " - hey, that's good news, right? In fact the Senate approved a bill that would retroactively extend over 50 expiring tax provisions ... MBS MID-DAY: Bond Markets Weaker and It's Not All About The Fed MBS Day Ahead: Where Does Yesterday's Fed Statement Leave Rates? Latest Video Home builders bet on active housing Santelli: Fed volatility Busting out the whiteboard: Santelli explains the ruble More News from 'Around the Web' Washington Post - 3:41PM Julián Castro shares his thoughts on leadership Bloomberg - 3:37PM U.S. Crude Output Rose to 28-Year High in November: API - Bloomberg CNBC - 3:36PM Fed delays Volcker rule until 2017 Market Watch - 3:35PM SEC charges Staten Island firm for defrauding $9 million from seniors WSJ - 3:35PM Texas Could Be Headed for an Oil-Fueled Recession, J.P. Morgan Economist Says www.wellsfargo.com - 1:33PM Wells Fargo NeighborhoodLIFT program invests $6 million to boost homeownership in San Antonio CNN - 1:33PM Alternative lenders are hot -- especially among millennials Bloomberg - 1:32PM Deflation Warning Sounds as 2-Year Break-Even Rates Go Negative - Bloomberg www.cfpbmonitor.com - 12:19PM CFPB soliciting suggestions for its amicus brief program Bloomberg - 12:15PM Bernanke Backs Pimco Forecast for Economic Acceleration - Bloomberg www.americanprogress.org - 11:27AM 5 Ways America's Newest Landlords Can Win the Public's Trust Market Watch - 11:26AM The Wall Street Journal: Wells Fargo fined for anti-money-laundering 'failures' content.govdelivery.com - 10:25AM FDIC Publication Focuses on Interest Rate Risk freddiemac.mwnewsroom.com - 10:22AM Mortgage Rates Find New Lows for 2014 Fannie Mae - 9:41AM News Release - Economic Growth Ends Year With a Slower ... freddiemac.mwnewsroom.com - 9:37AM Greystone Closes First Two Freddie Mac Small Balance Multifamily Loans Bloomberg - 8:42AM Wells Fargo Rides Retail Deposits to Be Most-Valuable Bank CNBC - 8:42AM Fewer Americans than expected file for benefits WSJ - 8:38AM When a Mortgage Hinges on Home Values Bloomberg - 8:37AM Ocwen Said to Have Stalled Home Sales by Underwater Borrowers - Bloomberg Today's Comments MND NewsWire - 5:07PM "Taxation through indirect means in the end is all that has happened. Government shakes corporations down, corporations pass along the cost to the consumer and the consumer gets a bunch of feel good press never realizing they've just been picked. The combatants will carry on setting us dopes up for the..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.88% +0.06 15 Yr FRM 3.14% +0.03 FHA 30 Year Fixed 3.35% +0.10 Jumbo 30 Year Fixed 3.75% +0.06 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 3.47% 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 3.80% 0.60 -0.13 15 Yr. Fixed 3.09% 0.60 -0.11 1 Yr. ARM 2.38% 0.40 -0.02 5/1 Yr. ARM 2.95% 0.50 -0.03 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 3.0 100.83 -0.38 30YR FNMA 3.5 103.98 -0.23 30YR GNMA 3.0 102.13 -0.19 30YR GNMA 3.5 104.72 -0.11 15YR FNMA 3.0 103.77 -0.17 15YR FNMA 2.5 101.66 -0.27 Treasuries Yield Change 2 YR 0.6374% +0.0245 5 YR 1.6651% +0.0630 10 YR 2.2093% +0.0789 30 YR 2.8189% +0.0966 Prices as of: 12/18/2014 4:11PM 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.