Daily Newsletter: Mortgage Rates to Take Big Hit from Fee Hikes; California Sales Slowing Noticeably; Mortgage Rates Eerily Flat Ahead of Fed

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30 Year Fixed 4.57%   +0.00 15 Year Fixed 3.58%   +0.00 10YR Treasury 2.84%   -0.0384 FNMA 30YR 3.5 100.05   +0.31 FNMA 15YR 2.5 102.31   +0.16 View Today's Rates

Tuesday December 17, 2013 MND NewsWire - 2:16AM Mortgage Rates to Take Big Hit from Fee Hikes As loan officers and borrowers prepare for the Federal Open Market Committee's ("the Fed") potential tapering announcement Wednesday, Fannie Mae and Freddie Mac ("the GSEs") Tuesday ... MND NewsWire - 3:23PM Bay Area Home Sales Falling Much Faster Than State Average Home sales in the San Francisco Bay Area like those in the state at large fell in November DataQuick said today. While state-wide sales, as reported earlier today by the California ... Pipeline Press - 10:59AM FAMC Cuts Jumbo Fixed; CashCall Lawsuit; Upcoming Training Events & Vendor Changes Clients of Franklin American received this e-mail yesterday: “Due to the market environment and regulatory concerns, Franklin American will be removing the jumbo fixed rate product ... Mortgage Rate Watch - 4:37PM Mortgage Rates Eerily Flat Ahead of Big Fed Announcement Mortgage rates remained at the same level for the 4th consecutive day despite some movement in MBS (the "mortgage-backed securities" that most directly affect rates). 4.625% remains ... Negative Equity Will Continue Declining in 2014 - CoreLogic Declining HARP Volume Matches Broader Refinance Trends Affordability Takes Toll on Sales and Prices in California Ginnie Mae Releases First Phase of new Securitization Systems MBS RECAP: Yet Another Day of Drifting; FOMC Ends This Tomorrow Latest Video Cashin says: Keep an eye on 10-year yield and VIX CNBC Fed survey: Yellen vs. Bernanke Home builder confidence soars More News from 'Around the Web' WSJ - 5:42PM What to Watch for From the Fed Meeting DataQuick - 5:41PM November California Home Sale Press Release CNBC - 3:55PM Boldest predictions for 2014 DataQuick - 1:38PM November Bay Area Home Sale Press Release CNBC - 1:37PM Homes get makeovers as mortgages are back in black FHFA - 1:36PM FHFA Issues Scenarios and Guidance to Fannie Mae, Freddie Mac and the Federal Home Loan Banks Regarding Annual Dodd-Frank Stress Tests www.aei.org - 12:52PM FHA Watch, December 2013 (Vol. 2, No. 12) The Huffington Post - 11:06AM Can You Use the Good Faith Estimate to Shop Mortgage Prices? NAHB - 11:04AM NAHB: Builder Confidence Rises Four Points in December NY Fed - 11:04AM NY Fed: Home Price Conditions interactive maps and charts updated as of October 2013 CNBC - 11:03AM Home builder confidence ends year on high note www.justice.gov - 11:03AM Justice Department Files Fair Housing Lawsuit Against Owner and Manager of Rental Housing in New Hampshire for Discrimination Against Families with Children www.gallup.com - 9:42AM Americans Slowly Regaining Confidence in the Economy CNBC - 9:39AM US prices flat in November, helped by cheaper gas Reuters - 9:39AM Current account deficit smallest in four years CNBC - 9:36AM Edgy bonds dealers start to look beyond the taper FHFA - 9:35AM HARP Volume Dips in Third Quarter www.nytimes.com - 7:58AM U.S. May Cut Its Presence in Supporting Mortgages www.npr.org - 7:57AM Forget Golf Courses: Subdivisions Draw Residents With Farms Today's Comments MBS Live Chat - 2:41PM "Is there a link showing the new LLPA's?..." MBS Live Chat - 2:41PM "right on this very site JA: http://mbslive.mortgagenewsdaily.com/knowledgebase/articles/295879-spring-2014-llpa-and-amdc-changes-comparative-tab..." MBS Live Chat - 2:31PM "For the retail guys on here, have your companies mentioned when they will start pricing in the gfee change? I was being told we are going to start seeing them priced in first week of January...." MBS Live Chat - 2:36PM "I would assume by mid january..." MBS Live Chat - 2:39PM "i would err on the side of caution re: lock time..." MBS Live Chat - 2:31PM "these new LLPAs are wild..." MBS Live Chat - 12:24PM "From the looks of the new LLPA's a 740 credit score is the new subprime..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.57% +0.00 15 Yr FRM 3.58% +0.00 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.52% +0.01 5/1 Yr ARM 3.24% -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 4.61% 0.26 +0.10 15 Yr. Fixed 3.66% 0.31 +0.10 30 Yr. Jumbo 4.59% 0.15 +0.10 30 Yr. FHA 4.30% 0.38 +0.13 5/1 ARM 3.11% 0.35 +0.02 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 95.73 +0.34 30YR FNMA 3.5 100.05 +0.31 30YR GNMA 3.0 97.00 +0.30 30YR GNMA 3.5 101.36 +0.28 15YR FNMA 3.0 102.31 +0.16 15YR FNMA 2.5 99.31 +0.20 Treasuries Yield Change 2 YR 0.3224% -0.0120 5 YR 1.4981% -0.0363 10 YR 2.8390% -0.0384 30 YR 3.8722% -0.0226 Prices as of: 12/17/2013 4:26PM 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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