Daily Newsletter: California Pending Sales Falling at Fastest Pace in More than 12 Months; Rates Steady Near 3-Month Highs; More on Loan Fee Delay

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30 Year Fixed 4.60%   +0.01 15 Year Fixed 3.61%   +0.00 10YR Treasury 2.93%   +0.0369 FNMA 30YR 3.5 99.78   -0.05 FNMA 15YR 2.5 102.05   -0.08 View Today's Rates

Monday December 23, 2013 MND NewsWire - 1:43PM California Pending Sales Falling at Fastest Pace in More than 12 Months Pending home sales in California experienced the first double digit drop in over a year in November, falling 13.6 percent from October to a Pending Home Sale Index level of 93.8. The ... Mortgage Rate Watch - 3:35PM Mortgage Rates Steady Near 3-Month Highs Mortgage rates were unchanged to just slightly higher to begin the holiday-shortened week. With the exception of last Thursday, rates are the highest they've been in more than three ... Pipeline Press - 10:04AM More on LLPA Delay; FHA Extends Loan Amount Comment Period; Stonegate Completes Crossline Acquisition Before we delve into the agency, lender, and investor news, here is some holiday cheer....maybe. On December 9th, the Federal Reserve released its Z.1 data revealing that homeowners ... MBS Commentary - 7:07AM The Week Ahead: Punctuated by Christmas; Limited in Importance Last Week - Fed Finally Tapered - Bond markets lost ground through Thursday morning - Steady recovery after that - Shorter-term moves lost inside longer-term trends (charts) This Week ... Mortgage Rates Bounce Back; Big News on Fee Increases! As Mortgage Rates Rise, Affordability is Diverging CFPB Promises Extra Scrutiny For Ocwen after Lawsuit Latest Video New mortgage fees delayed Santelli Exchange: The great 'taper caper' Fed has no interest in stopping bitcoin: Lacker More News from 'Around the Web' www.cfpbmonitor.com - 4:59PM Will the CFPB's mortgage education campaign encourage consumers to sue? Reuters - 4:59PM Fed's Fisher says favored $20 billin taper: Fox Business Market Watch - 2:59PM Fed proposes limits to its emergency-lending role CNBC - 2:55PM Mortgage rates get a break from incoming regulator CNBC - 1:28PM CNBC Excerpts: Federal Reserve Bank of Richmond President Jeffrey Lacker Speaks with CNBC's "Squawk Box" Today CNBC - 1:28PM Which home will sell for $100 million in 2014? FHFA - 1:23PM FHFA Announces Milestone: More Than 3 Million Homeowners Helped by Foreclosure Prevention Programs Bloomberg - 12:02PM Wall Street Unlocks Profits From Distress With Rental Revolution SIFMA - 11:40AM SIFMA 2014 and 2015 Market Close Recommendations www.lpsvcs.com - 11:20AM LPS' November "First Look" Mortgage Report: Delinquencies Increase, Still Down 10% YTD blog.redfin.com - 11:19AM Home-Buying Competition in November Hit Lowest Level Since 2011 business.time.com - 11:18AM Want to Buy a Home? Better Bring Cash Reuters - 11:16AM New housing regulator to delay Fannie, Freddie mortgage fee hikes OCC - 11:11AM Improvement in Mortgage Performance Continues, OCC Reports CNBC - 11:11AM US consumer sentiment index at 82.5 vs. 83 estimate freddiemac.mwnewsroom.com - 8:58AM Freddie Mac Issues Monthly Volume Summary for November 2013 CNBC - 8:57AM Fed's Lacker: Expect $10B baseline for next taper Today's Comments MBS Live Chat - 11:16AM "Is it just me, or shouldn't MBS rally on Watt's news on Friday?..." MBS Live Chat - 11:53AM "JH, what's your thought as to why would MBS rally on that news? My thought is that If we're talking about increasing the fees that GSEs collect to account for risk, and then those fees are suddenly not going higher, than the implication (albeit inconsequentially small) is for higher risk and lower prices..." MBS Live Chat - 12:11PM "I think this is an important time and opportunity. Director Watt has taken a bold step to review the impact. I encourage everyone to email the Director your thoughts; I also encourage all of us to reach out to our colleagues to do the same. Lastly, maybe we can set up MBS Live email folder or we can..." Mortgage Rate Watch - 11:52AM "Nice post, matthew. Very nice. And yeah, the California mortgage rates have been bouncing around and have been quietly at 4.5% for 30 yr fixed...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.60% +0.01 15 Yr FRM 3.61% +0.00 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% +0.00 5/1 Yr ARM 3.21% -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 95.50 -0.02 30YR FNMA 3.5 99.78 -0.05 30YR GNMA 3.0 97.02 0.00 30YR GNMA 3.5 101.19 -0.05 15YR FNMA 3.0 102.05 -0.08 15YR FNMA 2.5 99.08 -0.08 Treasuries Yield Change 2 YR 0.3874% +0.0079 5 YR 1.6947% +0.0164 10 YR 2.9292% +0.0369 30 YR 3.8462% +0.0232 Prices as of: 12/23/2013 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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