Daily Newsletter: Mortgage Rates Move Higher After Fed Tapering Announcement; Mortgage Apps hit 12 Year Low; FOMC Statement Comparison

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

30 Year Fixed 4.59%   +0.02 15 Year Fixed 3.60%   +0.02 10YR Treasury 2.88%   +0.0422 FNMA 30YR 3.5 99.53   -0.52 FNMA 15YR 2.5 102.13   -0.19 View Today's Rates

Wednesday December 18, 2013 Mortgage Rate Watch - 5:32PM Mortgage Rates Move Higher After Fed Tapering Announcement Mortgage rates moved higher today after the Federal Reserve announced the first reduction in its purchases of Treasuries and MBS. The reduction in Treasuries hurts mortgage rates indirectly ... MND NewsWire - 8:29AM Mortgage Application Volume hits 12-year Low It was another down week for mortgage application activity. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, fell 5.5 percent ... MBS Commentary - 2:05PM Differences Between Past and Current FOMC Statements Release Date: October 30, December 18, 2013 For immediate release Information received since the Federal Open Market Committee met in September generally suggests October indicates ... MND NewsWire - 12:43PM Pull-Through, Processing Time, and Refinance Share Much-Improved in November The percentage of loans originated for refinancing increased in November for the first time in 10 months Jonathan Corr, president and chief operating officer of Ellie Mae said today ... More on CashCall; The Primary/Secondary Rate Difference; Higher Agency Fees Will Hurt Agency Production MBS RECAP: Damage, Not Destruction Following Taper Announcement The Day Ahead: FOMC Announcement Today! Bay Area Home Sales Falling Much Faster Than State Average Affordability Takes Toll on Sales and Prices in California Mortgage Rates to Take Big Hit from Fee Hikes Latest Video Santelli: Wasn't a taper, just a 't' Decent year for housing ahead? Bernanke: Fed was slow to recognize crisis More News from 'Around the Web' Bloomberg - 6:37PM Flagstar to Sell Servicing Rights on $40.7 Billion Mortgages - Bloomberg WSJ - 5:05PM Hilsenrath's Four Takeaways From December Fed Meeting Market Watch - 5:03PM U.S. stocks surge as investors cheer Fed taper CNBC - 3:27PM El-Erian: Fed taper begins-what happens next? Federal Reserve - 2:13PM NY Fed Releases Extra Clarification on MBS Tapering CNBC - 2:11PM Fed begins taper Federal Reserve - 2:10PM Federal Reserve Board and Federal Open Market Committee release economic projections from the December 17-18 FOMC meeting OCC - 1:30PM OCC Reports Third Quarter Trading Revenue of $4.5 Billion CNN - 12:20PM JPMorgan sues FDIC over Washington Mutual CNBC - 11:05AM Traders 'put' chips on Fed, regardless of taper CNBC - 11:03AM Who's afraid of the taper? US housing starts spike www.aia.org - 10:02AM Slight Contraction for Architecture Billings Index Bloomberg - 8:19AM Fed Said to Delay Bank Leverage Cap Until Basel Completed Bloomberg - 8:15AM Lennar Quarterly Profit Gains on Increased Sales at Higher Price Reuters - 8:11AM U.S. mortgage applications fall in latest week: MBA CNBC - 8:11AM Preview of a taper? Mortgage apps plunge Market Watch - 8:10AM Coming up: Housing starts in November Today's Comments MBS Commentary - 9:23AM "Floating loans at the moment? Can always be on your computer, pricing engine open, and attentively tuned to MBS Live for breaking Fed news. While the window to react on these days isn't long, lenders can't reprice immediately, so you have at least a few minutes to lock if you're prepared...." MND NewsWire - 9:48AM "NO surprise. Everything is sold, less people can afford to buy, and prices went up too fast...." MND NewsWire - 10:36AM "Thanks for info and insight, guys. Ugly stuff!..." MBS Live Chat - 3:09PM "all in all, this could have been much worse. I was bracing to be slaughtered today so i'll take this...." MBS Live Chat - 1:00PM "I prefer the MBSLive cliff notes...." MBS Live Chat - 3:10PM "reality is that this guy and his policy made you all a lot of money in last 2 - 3 years...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.59% +0.02 15 Yr FRM 3.60% +0.02 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.54% +0.02 5/1 Yr ARM 3.26% +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 4.62% 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 4.42% 0.70 -0.04 15 Yr. Fixed 3.43% 0.70 -0.04 1 Yr. ARM 2.51% 0.40 -0.08 5/1 Yr. ARM 2.94% 0.40 -0.05 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 95.20 -0.53 30YR FNMA 3.5 99.53 -0.52 30YR GNMA 3.0 96.56 -0.44 30YR GNMA 3.5 100.92 -0.44 15YR FNMA 3.0 102.13 -0.19 15YR FNMA 2.5 99.08 -0.23 Treasuries Yield Change 2 YR 0.3324% +0.0100 5 YR 1.5313% +0.0332 10 YR 2.8812% +0.0422 30 YR 3.8957% +0.0235 Prices as of: 12/18/2013 4:32PM 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

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.