Daily Newsletter: Rates Surge Past 2-Year Highs After Fed Announcement; Fed Statement Comparison; GSEs "Duty to Serve"

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

30 Year Fixed 4.27%   +0.08 15 Year Fixed 3.46%   +0.07 10YR Treasury 2.56%   +0.0901 FNMA 30YR 3.5 101.48   -0.64 FNMA 15YR 2.5 102.19   -0.52 View Today's Rates

Wednesday December 14, 2016 Mortgage Rate Watch - 3:57PM Mortgage Rates Surge Past 2-Year Highs After Fed Announcement Mortgage rates skyrocketed (relatively) following today's rate hike from the Fed. It wasn't the rate hike itself, however, that markets find most troubling. In fact, the hike was almost ... MBS Commentary - 2:06PM Differences Between Current and Previous FOMC Statements (additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in September November indicates that the labor ... MND NewsWire - 9:45AM Fannie and Freddie Hear Call of Duty (to Serve) Under a final rule issued on Tuesday by the Federal Housing Finance Agency (FHFA) has set forth three underserved markets for activities the GSEs Freddie Mac and Fannie Mae can undertake ... MND NewsWire - 8:09AM Mortgage Apps Fall, But Refi Share Ticks Up Mortgage applications were down across the board during the week ended December 9. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a measure of application ... Product News; Training/Events; Bank News; UW Changes; How Big is Big? MBS Day Ahead: What Can The Fed Do To Bonds Today? Latest Video Fed raises rates Yellen: Concerned about low productivity growth Fiscal stimulus a late 2017 or early 2018 story: Meyer More News from 'Around the Web' CNBC - 4:38PM Op-Ed: The Fed must hike rates more aggressively in 2017 or the bond market will 'run them over' www.freddiemac.mwnewsroom.com - 4:37PM Freddie Mac Announces New Foreclosure Prevention Program Bloomberg - 4:37PM Bond Traders Signal Two Rate Hikes in 2017, While Fed Sees Three CNBC - 3:00PM Fed Chair Yellen details plans to hike rates 3 times in 2017 Federal Reserve - 2:22PM Federal Reserve Board and Federal Open Market Committee release economic projections from the December 13-14 FOMC meeting CNBC - 2:22PM FED HIKES, FORESEES 3 MORE HIKES IN 2017 CNBC - 1:37PM Economists chop their growth forecasts, and American shoppers are to blame CNBC - 1:31PM Expected rate hike could start a 'nose to nose' between Trump and the Fed: Art Cashin Calculated Risk Blog - 12:45PM Sacramento Housing in November: Sales up 19%, Active Inventory down 4.8% YoY www.cfpbmonitor.com - 12:42PM CFPB issues brief on consumers without credit histories or credit scores CNBC - 10:47AM US business inventories post largest decline in 11 months Google News - 10:44AM Home Sales Expected to Expand Modestly in 2017 As Affordability Pressures Temper Buyer Enthusiasm CNBC - 9:41AM US industrial production falls 0.4% in Nov, vs 0.2% drop expected CNBC - 9:00AM US producer prices post biggest gain in five months on services Reuters - 8:59AM U.S retail sales cool in November after strong gains info.trulia.com - 8:59AM First-Time Homebuyers Face Worsening Starter-Home Shortage Heading Into 2017 Reports Trulia CNBC - 8:11AM Gundlach: US 10-year Treasury yield above 3% will harm stocks, housing CNBC - 8:11AM Bond investors await Fed decision; data in focus www.builderonline.com - 8:10AM As Rents Soar, So Do Southern California Evictions Today's Rates Best Execution Rate Change 30 Yr FRM 4.27% +0.08 15 Yr FRM 3.46% +0.07 FHA 30 Year Fixed 4.00% +0.10 Jumbo 30 Year Fixed 4.32% +0.07 5/1 Yr ARM 3.14% +0.09 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.05% 1.21 -0.03 30 Yr. Fixed 3.74% 1.37 -0.06 MBA ** 30 Yr. Fixed 3.66% 0.33 -0.04 15 Yr. Fixed 2.95% 0.38 -0.04 30 Yr. Jumbo 3.64% 0.28 -0.05 30 Yr. FHA 3.52% 0.21 -0.04 5/1 ARM 2.92% 0.40 -0.07 Freddie Mac ** 30 Yr. Fixed 4.13% 0.50 +0.05 15 Yr. Fixed 3.36% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.17% 0.50 +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 98.05 -0.74 30YR FNMA 3.5 101.48 -0.64 30YR GNMA 3.0 100.06 -0.83 30YR GNMA 3.5 103.50 -0.69 15YR FNMA 3.0 102.19 -0.52 15YR FNMA 2.5 99.45 -0.64 Treasuries Yield Change 2 YR 1.2632% +0.0976 5 YR 2.0328% +0.1254 10 YR 2.5633% +0.0901 30 YR 3.1749% +0.0438 Prices as of: 12/14/2016 4:31PM 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. © 2016 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.