Daily Newsletter: Loan Profits Plummet; Rates Hit New 2-Month Highs; Home Sales Rise Most since 1980

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30 Year Fixed 4.58%   +0.10 15 Year Fixed 3.61%   +0.07 10YR Treasury 2.83%   +0.0436 FNMA 30YR 3.5 99.95   -0.25 FNMA 15YR 2.5 102.42   -0.17 View Today's Rates

Wednesday December 4, 2013 MND NewsWire - 1:19PM Loan Profits Plummet with Declining Volume, Increased Compliance Cost Mortgage profits took a big hit in the third quarter of 2013, dropping by more than half of that reported in the second quarter. The Mortgage Bankers Association (MBA) said independent ... Mortgage Rate Watch - 3:50PM Mortgage Rates Push up to New 2-mo Highs Mortgage rates moved higher again today, reaching levels not seen since September 17th--the day before the Fed Announced "no change" to QE asset purchases. The mortgage-backed-securities ... MND NewsWire - 10:59AM Biggest Monthly Advance for New Home Sales since 1980 The U.S. Census Bureau and the Department of Housing and Urban Development released their joint report on new home sales in September and October . The regular September report was ... MND NewsWire - 10:12AM Holiday Takes Toll on Mortgage Applications It was a short week and one in which most Americans focused on food and families so the plunging number of mortgage applications filed during the week ended November 29 was not a surprise ... BB&T Exits TPO; Impac Holdings to Sell AmeriHome; MBA Provides Guidance on 3% Points and Fees MBS RECAP: Uneventful Afternoon and a Surprise Guest Big Banks Post Substantial Settlement Compliance Errors Foreclosures Skyrocketing for High-Priced Homes The Day Ahead: ADP Employment, New Home Sales, and ISM Services Latest Video Dodd-Frank was a poorly written law: Pro Santelli Exchange: Fed drama Is market throwing a taper tantrum? More News from 'Around the Web' Reuters - 4:26PM Fifth Third settles SEC charges over financial crisis accounting CNBC - 4:25PM Data confuses traders, stocks await Jobs Report SEC - 3:04PM SEC Charges Fifth Third Bancorp and Former CFO for Improper Accounting of Substantial Loan Losses During Financial Crisis Reuters - 2:40PM Fed could delay rate hikes with inflation 'floor': Fed study Reuters - 2:40PM Fed says employers stepped up hiring in parts of country www.cfpbmonitor.com - 2:08PM CFPB updates TILA and RESPA exam procedures CNBC - 2:07PM Fed's beige book: Economy expanded at a moderate to modest pace Reuters - 12:31PM Bank of America, Citigroup faulted over mortgage servicing CNBC - 12:28PM Soaring new home sales: Not what they seem Bloomberg - 11:30AM U.S. Court Monitor Finds Banks in Mortgage Settlement Miss Goals American Bankers Assoc. - 11:28AM ABA Testifies on Legislation Affecting Community Banks CNBC - 11:26AM October new home sales hit 444,000; ISM less than expected HUD - 9:29AM HUD: Mortgage Letter 2013-42 CNBC - 8:22AM Private sector creates 173,000 jobs in November vs. 173,000 estimate: ADP CNBC - 8:22AM Mortgage applications take a holiday as rates rise CNBC - 8:22AM Banks braced for $2.3 billion Libor fine Today's Comments MBS Live Chat - 12:10PM "thats a big question, too big for the space provided here..." MBS Live Chat - 12:21PM "did I just freeze the forum.... only thing that sticks out to me is 3%.... although Im sure there are 500 pages to that book!..." MBS Live Chat - 12:27PM "It's just such a long topic - there are really no short points. In addition, investors/lenders may have overlays to the new rules..." MBS Live Chat - 12:31PM "QM breakdown- Only lend money to people who can proved they dont need it..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.58% +0.10 15 Yr FRM 3.61% +0.07 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.50% +0.05 5/1 Yr ARM 3.27% +0.02 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 4.51% 0.38 +0.03 15 Yr. Fixed 3.56% 0.32 +0.04 30 Yr. Jumbo 4.49% 0.24 +0.01 30 Yr. FHA 4.17% 0.36 +0.01 5/1 ARM 3.09% 0.28 -0.09 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 95.55 -0.27 30YR FNMA 3.5 99.95 -0.25 30YR GNMA 3.0 96.63 -0.31 30YR GNMA 3.5 101.06 -0.30 15YR FNMA 3.0 102.42 -0.17 15YR FNMA 2.5 99.27 -0.14 Treasuries Yield Change 2 YR 0.2934% +0.0040 5 YR 1.4373% +0.0409 10 YR 2.8297% +0.0436 30 YR 3.8947% +0.0494 Prices as of: 12/4/2013 4:28PM 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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