Daily Newsletter: Mortgage Rates at 2-Mo Highs; GSEs Overhaul Mortgage Insurance; BofA Settles with Freddie

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30 Year Fixed 4.50%   +0.05 15 Year Fixed 3.55%   +0.04 10YR Treasury 2.80%   +0.0525 FNMA 30YR 3.5 100.33   -0.52 FNMA 15YR 2.5 102.73   -0.28 View Today's Rates

Monday December 2, 2013 Mortgage Rate Watch - 4:13PM Mortgage Rates Highest in More than 2 Months Mortgage rates moved higher today , bringing them to their worst levels since the morning of September 18th. The average 30yr fixed rate for the most ideally qualified borrowers was ... MND NewsWire - 12:42PM Fannie and Freddie Overhaul Mortgage Insurance Master Policy Requirements Fannie Mae and Freddie Mac have completed a major overhaul of their master policy requirements for private mortgage insurance the Federal Housing Finance Agency (FHFA) announced today ... MND NewsWire - 9:41AM Bank of America, Freddie Mac Settle Repurchase Claim Bank of America has settled another claim for loans it either originated during the housing boom or acquired through its purchase of another lender. The latest in the series of settlements ... Pipeline Press - 9:25AM Trends in MBS & ARM Issuance; Freddie on Tornado Region; RESPA on Gifts for Referrals The Federal Reserve Bank of New York, the same folks that buy all those agency MBS every week, tells us that the total outstanding balance of student loans reached $1.03 trillion as ... MBS RECAP: December Begins Poorly for Bond Markets The Week Ahead: Lots of Important Data, Including Employment Situation Do's and Don't's For a Smooth Mortgage Process: Thanksgiving Edition FHFA Says Significant Progress Made toward Strategic GSE Goals Short Sales Becoming Less Favorable For Lenders CFPB's Take on Affiliate Fees, Loans Under $100k, and Several Other Recent Announcements Latest Video Jobs number critical for taper: Pro Cashin says: ISM data spooked bond market Fannie Mae: Five years later More News from 'Around the Web' Reuters - 4:44PM Fed does not object to new Goldman, JPMorgan capital plans www.cfpbmonitor.com - 3:59PM CFPB to hold December 12 field hearing on arbitration economix.blogs.nytimes.com - 2:36PM Economix Blog: Economists Are Different From You and Me Washington Post - 2:33PM Wonkblog: These 18 countries may have housing bubbles. If they pop, God help us all. WSJ - 1:26PM 5 Things to Watch on the Economic Calendar Washington Post - 12:08PM Wonkblog: Unemployment benefits will soon expire for 2.1 million workers. Where will they go? FHFA - 12:01PM FHFA Announces Overhaul of Fannie Mae and Freddie Mac Mortgage Insurance Master Policy Requirements freddiemac.mwnewsroom.com - 12:01PM Freddie Mac Statement on Mortgage Insurance Master Policy Requirements CNBC - 10:57AM US manufacturing growth hits 2-1/2-year high House Financial Services - 10:55AM Giving the FHA a new lease on life: Chairman Hensarling Op-Ed www.gallup.com - 9:36AM U.S. Consumer Spending Estimates Up Slightly in November CNBC - 9:34AM Factory activity better than expected in November CNBC - 9:34AM US stocks begin little changed ahead of manufacturing report Reuters - 8:28AM Bank of America to pay $404 million to Freddie Mac to settle mortgage dispute freddiemac.mwnewsroom.com - 8:27AM Freddie Mac Announces Settlement With Bank of America www.freddiemac.com - 8:27AM A New World for Community Based Lenders CNBC - 8:25AM Bonds move lower ahead of ISM data Today's Comments MBS Live Chat - 11:44AM "We were at 2.73 back on 7/5 and closed around 2.75 on 11/26. In between we have seen 2.99 and then 2.52. Seems we are dacing all around 2.75 (dead center). It feels like the 10YR wants to move up and I am prepared for a 3-3.25 in Q1. It would take some bad economic news to push this yield below 2.75..." MBS Live Chat - 11:47AM "I think frustrations are magnified after a November in which we lost 220 bp (from close on 10/31 through close of 11/29) on the 3.5 coupon...." MBS Live Chat - 11:47AM "I agree. THe trend is higher and the economy is better. The CEO of Dow said he felt the economy is growing at 2.5% which is pretty solid given the political landscape...." MBS Live Chat - 12:18PM "How come no repricing?..." MBS Live Chat - 12:19PM "probably be some coming shortly..." MBS Live Chat - 12:19PM "Careful what you ask for DM..." MBS Live Chat - 12:19PM "REPRICE : 12:19 PM - NYCB Worse..." MBS Live Chat - 12:23PM "REPRICE : 12:23 PM - Wells Fargo Worse..." MBS Live Chat - 1:02PM "REPRICE : 1:02 PM - Fifth Third Mortgage Worse..." MBS Live Chat - 1:12PM "Once the taper begins I think the move up could be even more violent than I thought before based on the article in the news stream earlier today. http://www.bloomberg.com/news/2013-12-02/citigroup-to-bofa-spurn-treasuries-to-hoard-cash-on-taper-risk.html. I'd think they would shrink purchases even more..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.50% +0.05 15 Yr FRM 3.55% +0.04 FHA 30 Year Fixed 4.25% +0.10 Jumbo 30 Year Fixed 4.47% +0.05 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 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.48% 0.31 +0.02 15 Yr. Fixed 3.52% 0.31 +0.00 30 Yr. Jumbo 4.48% 0.15 +0.01 30 Yr. FHA 4.16% 0.24 +0.02 5/1 ARM 3.18% 0.37 +0.06 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 95.92 -0.53 30YR FNMA 3.5 100.33 -0.52 30YR GNMA 3.0 97.05 -0.53 30YR GNMA 3.5 101.45 -0.50 15YR FNMA 3.0 102.73 -0.28 15YR FNMA 2.5 99.50 -0.30 Treasuries Yield Change 2 YR 0.2894% +0.0040 5 YR 1.4192% +0.0474 10 YR 2.7988% +0.0525 30 YR 3.8596% +0.0428 Prices as of: 12/2/2013 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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