Daily Newsletter: New Home Sales Stay Strong; Prices Surge; Mortgage Apps at 12-Year Low; Rates at 3-Month High

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30 Year Fixed 4.64%   +0.04 15 Year Fixed 3.65%   +0.04 10YR Treasury 2.98%   +0.0483 FNMA 30YR 3.5 99.25   -0.53 FNMA 15YR 2.5 101.78   -0.27 View Today's Rates

Tuesday December 24, 2013 MND NewsWire - 10:20AM New Home Sales Stay Strong; Prices Surge New Single Family Home Sales stood at a seasonally adjust annual rate of 464,000 in November according to estimates released today by The U.S. Census Bureau and the Department of Housing ... MND NewsWire - 9:57AM Mortgage Application Dives Further into 12-Year Low After falling to it's lowest level in more than 12 years last week, the Mortgage Bankers Association's (MBA) Market Composite Index fell another 6.3 percent this week. The index, a ... Mortgage Rate Watch - 1:07PM Mortgage Rates Rise to 3-Month Highs Mortgage rates rose to new 3-Month Highs today as bond market weakness (read: higher rates) is magnified by holiday trading conditions. In other words, there are far fewer MBS (mortgage ... MND NewsWire - 12:42PM 3 Options for Mortgage Interest Deduction Reform The mortgage interest deduction (MID) is never left alone for very long . In Unmasking the Mortgage Interest Deduction: Who Benefits and by How Much ? Economists Dean Stansel and Anthony ... MBA's Action Alliance Adding Members; NAR's Well Done Letter to Mel Watt; PennyMac in Forbes; Non-QM Loans Not Illegal! GSE Foreclosure Prevention Actions top 3 Million FHFA Looks at Impact of LTV on Loan Performance Bidding Wars Slow but Local Markets Still Competitive - 62 Offers? The Day Ahead: Anything That Happens Should Happen Early Latest Video November new home sales down 2.1% Santelli looks at yield curve volatility New mortgage fees delayed More News from 'Around the Web' webfeeds.brookings.edu - 12:44PM 2014 May Be the Start of Sustained Economic Growth WSJ - 12:43PM What Would It Take for Fed to Pause Its Cuts to Bond Purchases? www.breakingviews.com - 11:05AM U.S. housing recovery could run out of steam Reuters - 11:00AM U.S. new home sales fall modestly from five-year peak, prices up CNBC - 10:14AM New home sales slip 2.1 percent in November to 464,000 vs. 445,000 estimate Reuters - 8:41AM U.S. mortgage applications fall as refinance hits five-year low: MBA CNBC - 8:40AM Durable goods surge in November, boosting outlook Today's Comments MBS Live Chat - 8:36AM "gm - All I want for Xmas is an economy and housing mkt that can be vibrant and growing without constant intervention by central planners. Of course I may be waiting awhile for that......." MBS Live Chat - 8:39AM "And MG - Wonderful holiday wishes to you and your family. Thanks for all you do. You have a huge impact (in a great way) on us all and I appreciate it immensely...." MBS Live Chat - 9:00AM "Markets are closing early today, correct? 2pm EST?..." MND NewsWire - 10:37AM "How long before we start reading of more mass layoffs among mortgage lenders? Fannie/Freddie and FHA both desperately want to reduce their market share, guess rising rates and fees will take care of that, but at the expense of the lost savings of loans NOT refinanced, and of lower mortgage/real estate..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.64% +0.04 15 Yr FRM 3.65% +0.04 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.58% +0.03 5/1 Yr ARM 3.24% +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 4.64% 0.41 +0.02 15 Yr. Fixed 3.74% 0.29 +0.08 30 Yr. Jumbo 4.63% 0.24 +0.02 30 Yr. FHA 4.29% 0.24 +0.04 5/1 ARM 3.26% 0.39 +0.06 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 94.84 -0.66 30YR FNMA 3.5 99.25 -0.53 30YR GNMA 3.0 96.48 -0.53 30YR GNMA 3.5 100.64 -0.55 15YR FNMA 3.0 101.78 -0.27 15YR FNMA 2.5 98.69 -0.39 Treasuries Yield Change 2 YR 0.3992% +0.0118 5 YR 1.7359% +0.0412 10 YR 2.9775% +0.0483 30 YR 3.8939% +0.0477 Prices as of: 12/24/2013 1:46PM 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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