Daily Newsletter: Pending Sales Post First Gain in 3 Months; Rates Remain Steady; Busy Week Ahead

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30 Year Fixed
4.00% +0.00
15 Year Fixed
3.25% +0.00
10YR Treasury
2.21% -0.0140
FNMA 30YR 3.5
103.59 +0.16
FNMA 15YR 2.5
103.55 +0.11
View Today’s Rates
Monday November 30, 2015
MND NewsWire – 10:58AM
Pending Sales Post First Gain in Three Months
There was a slight uptick in contract signings for home purchases in October after two straight months of declines. The National Association of Realtors® (NAR) said today that its …
Mortgage Rate Watch – 5:40PM
Mortgage Rates Unchanged to Begin Busy Week
Mortgage rate drama has been on an unapologetic, no-holds-barred, “couldn’t-care-less” sort of vacation for the past 2-3 weeks . There have only been microscopic changes from day to …
Pipeline Press – 9:30AM
Upcoming Events/Training; Recruiting Trends – How Does the CFPB Do It?
An old man recently went on a job interview. When the interviewer asked the old man, “What’s your biggest weakness?” The old man replied, “Honesty.” Somewhat confused, the interviewer …
MBS Commentary – 8:28AM
MBS Day Ahead: Back to Business With Plenty of Market Movers on Tap
While there were plenty of scheduled data and events last week, their impact was severely limited by the holiday trading dynamics (where bonds usually end up doing whatever they want …

Latest Video


Santelli Exchange: How to play a December hike

Pending home sales miss, up 0.2% in Oct.

Market waiting on a rate hike

More News from ‘Around the Web’

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Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.00% +0.00
15 Yr FRM 3.25% +0.00
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 3.85% +0.01
5/1 Yr ARM 2.98% -0.02

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.45% 1.20 -0.01
30 Yr. Fixed 4.12% 1.43 -0.05
MBA ** hdr_arrow.png
30 Yr. Fixed 4.14% 0.49 -0.04
15 Yr. Fixed 3.39% 0.43 -0.01
30 Yr. Jumbo 3.99% 0.30 -0.06
30 Yr. FHA 3.87% 0.49 -0.03
5/1 ARM 3.19% 0.38 +0.01
Freddie Mac ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
30 Yr. Fixed 3.95% 0.70 -0.02
15 Yr. Fixed 3.18% 0.60 +0.00
1 Yr. ARM 2.59% 0.30 -0.05
5/1 Yr. ARM 3.01% 0.50 +0.03

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 100.48 +0.20
30YR FNMA 3.5 103.59 +0.16
30YR GNMA 3.0 101.61 +0.27
30YR GNMA 3.5 104.33 +0.33
15YR FNMA 3.0 103.55 +0.11
15YR FNMA 2.5 101.33 +0.11
Treasuries hdr_arrow.png
Yield Change
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
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2 YR 0.9344% +0.0080
5 YR 1.6463% -0.0016
10 YR 2.2078% -0.0140
30 YR 2.9746% -0.0230
Prices as of: 11/30/2015 4:31PM EST

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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.
© 2015 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031
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Daily Rate Update: Mortgage Rates Unchanged to Begin Busy Week

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30 Year Fixed
4.00% +0.00
15 Year Fixed
3.25% +0.00
10YR Treasury
2.21% -0.0140
FNMA 30YR 3.5
103.59 +0.16
FNMA 15YR 2.5
103.55 +0.11
View Today’s Rates
Mortgage Rates Unchanged to Begin Busy Week
November 30, 2015
Mortgage rate drama has been on an unapologetic, no-holds-barred, “couldn’t-care-less” sort of vacation for the past 2-3 weeks. There have only been microscopic changes from day to day, and they’ve canceled each other out over that time frame to boot! In other words, there has been no net change in rates since the middle of November. The past 3 business days (Wed, Fri, and today), have been especially calm. Not every lender kept the same hours during that time, and not every lender held perfectly steady, but there certainly wasn’t enough movement to affect the most prevalently-quoted conventional 30yr fixed quote of 4% on top tier scenarios.

The recent calm runs the risk of building a false sense of security. There are several important events on the horizon that could get things moving again. Granted, rates can move in either direction depending on the nature of events, but the important point is not to be caught off guard if they move quickly higher. The events in question–important employment data at home and the European Central Bank Announcement–will occur during the last 3 days of the week. The potential impact of the events will ramp up during that time, culminating in Friday’s Employment Situation report.


Loan Originator Perspective

“Weak data and month end bond buying has helped rates improve this morning. The weak data will not take the FED of course from hiking next month. I do fear that we might lose ground tomorrow with a new month starting and the Employment report due in a few days. I think it would be wise to lock in today. Wait until as late as possible as some lenders have repriced for the better already today.” –Victor Burek, Churchill Mortgage

“Today closes out the month of November and it has been a very uneventful month for rates meaning there have not been many sharp moves higher or lower for rates. We did see a slow grind lower in rates the second half of the month and today may be a good day to take advantage of that slow grind. There is major market moving data on the horizon and the risk of floating increases sharply.” –Manny Gomes, Branch Manager Norcom Mortgage

Today’s Best-Execution Rates

  • 30YR FIXED – 4.0%
  • FHA/VA – 3.75%
  • 15 YEAR FIXED – 3.25%
  • 5 YEAR ARMS – 2.75 – 3.25% depending on the lender


Ongoing Lock/Float Considerations

  • 2015 has been largely about rates rising unevenly from a long-term low brought about by the onset of quantitative easing in Europe. In May and June, the Fed increasingly began telegraphing a 2015 rate hike. At that point, the “rising rate environment” seemed like a sure thing, but the Fed’s plans hit several snags. Economic data began deteriorating at home and abroad, causing markets to rethink the higher rate rhetoric. Mortgage rates hit 6 month lows at the end of October, just as the Fed surprisingly changed it’s policy statement to specifically suggest December as a rate hike possibility (something they haven’t done since 1999).
  • In the bigger picture, rates had been at a crossroads, trying to determine if they would move back to 2015 highs or if the late summer swoon was merely the first wave of a longer campaign.
  • While there is still plenty of room to be concerned about increasingly weak global economic growth, that’s not a solid enough reason to float in this environment. With the Fed almost certainly on track for a December rate hike, there is much more risk that rates move quickly higher vs quickly lower. The big picture global malaise can serve as the basis for long term hope, but in the short term, assume upward pressure on rates when formulating your strategy.
  • As always, please keep in mind that the rates discussed generally refer to what we’ve termedbest-execution(that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also ‘bang-for-the-buck.’ Generally speaking, our best-execution rate tends to connote no origination or discount points–though this can vary–and tends to predict Freddie Mac’s weekly survey with high accuracy. It’s safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie’s once-a-week polling method).

30 Year Fixed Rate Mortgage
30?w=360
15 Year Fixed Rate Mortgage
30?w=360&p=15YRFRM

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Today’s Rates

Best Execution hdr_arrow.png
Rate Change
Current Mortgage Rates »
What are best-execution rates?
30 Yr FRM 4.00% +0.00
15 Yr FRM 3.25% +0.00
FHA 30 Year Fixed 3.75% +0.00
Jumbo 30 Year Fixed 3.85% +0.01
5/1 Yr ARM 2.98% -0.02

Average Mortgage Rates

Rate Points Change
FHFA * hdr_arrow.png
15 Yr. Fixed 3.45% 1.20 -0.01
30 Yr. Fixed 4.12% 1.43 -0.05
MBA ** hdr_arrow.png
30 Yr. Fixed 4.14% 0.49 -0.04
15 Yr. Fixed 3.39% 0.43 -0.01
30 Yr. Jumbo 3.99% 0.30 -0.06
30 Yr. FHA 3.87% 0.49 -0.03
5/1 ARM 3.19% 0.38 +0.01
Freddie Mac ** hdr_arrow.png
Current Mortgage Rates »
* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.
30 Yr. Fixed 3.95% 0.70 -0.02
15 Yr. Fixed 3.18% 0.60 +0.00
1 Yr. ARM 2.59% 0.30 -0.05
5/1 Yr. ARM 3.01% 0.50 +0.03

Secondary Markets

MBS hdr_arrow.png
Price Change
30YR FNMA 3.0 100.48 +0.20
30YR FNMA 3.5 103.59 +0.16
30YR GNMA 3.0 101.61 +0.27
30YR GNMA 3.5 104.33 +0.33
15YR FNMA 3.0 103.55 +0.11
15YR FNMA 2.5 101.33 +0.11
Treasuries hdr_arrow.png
Yield Change
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
2 YR 0.9344% +0.0080
5 YR 1.6463% -0.0016
10 YR 2.2078% -0.0140
30 YR 2.9746% -0.0230
Prices as of: 11/30/2015 4:31PM EST

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About This Report
Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.
© 2015 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
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 presented in this report are averages and are subject to change without notice.
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.

MBS RECAP: Decent Improvements, But Waiting on Bigger News

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MBS RECAP: Decent Improvements, But Waiting on Bigger News

Posted to: MBS Commentary
Monday, November 30, 2015 5:37 PM

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Today was a largely uneventful return from the extended weekend with bond markets doing very little to react to news or economic reports. Chicago PMI is hit and miss when it comes to moving markets, but certainly no stranger to the spotlight. At 48.7 versus a median forecast of 54.0, today’s Chicago PMI was arguably weak enough that we should have seen a more noticeable response in bond markets. Instead, the morning’s gains leveled-off just as the data was released. The rest of the day was spent drifting sideways to slightly stronger, resulting in a smattering of…

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MBS MID-DAY: Bonds Inch Back Into Positive Territory After Weaker Start

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MBS MID-DAY: Bonds Inch Back Into Positive Territory After Weaker Start

Posted to: MBS Commentary
Monday, November 30, 2015 12:40 PM

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In many ways, today still has the feel of the holiday-shortened Thanksgiving week. Markets have been slow to move and generally not interested in reacting to economic data. Case in point, we saw a majority of today’s movement occur before the only significant data. Fortunately, that movement was bond-friendly.

The overnight session began with Treasuries trading into weaker territory during Asian hours. The start of the European trading hours brought one additional bump toward higher yields, though all of movement took place inside a very narrow range. …

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Pending Sales Post First Gain in Three Months

Pending Sales Post First Gain in Three Months

Posted to: MND NewsWire
Monday, November 30, 2015 10:25 AM

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There was a slight uptick in contract signings for home purchases in October after two straight months of declines. The National Association of Realtors® (NAR) said today that its Pending Home Sales Index (PHSI) inched up by 0.2 percent to 107.7 in October. The September index was revised up from 106.8 to 107.5 but still represented a loss compared to August. The index is now 3.9 percent higher than in October 2014 and has increased on a year-over-year basis for 14 consecutive months.

NAR’s index is based on contract signings and is a leading indicator of home sales. Contracts typically become closed transactions in 60 days or less.

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Upcoming Events/Training; Recruiting Trends – How Does the CFPB Do It?

Upcoming Events/Training; Recruiting Trends – How Does the CFPB Do It?

Posted to: Pipeline Press
Monday, November 30, 2015 8:11 AM

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Hiring can be tough during the holidays for a variety of reasons. Plenty of people don’t want to make a move, have full pipelines destined to close by year end, they may be very happy where they are, etc. On the subject of recruiting Jeff Jensen writes, “Most of us have had the most success with passive hires (those currently employed). EMPLOYEE REFERRALS are one of the best business practices to not forget about as we seek those long term quality hires going forward. Longer tenure employees have typically been referred by our own employees (Jobvite Index). They know and trusted who referred them and people like working with equally yoked friends. Incent your employees to make those referrals.

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MBS Day Ahead: Back to Business With Plenty of Market Movers on Tap

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MBS Day Ahead: Back to Business With Plenty of Market Movers on Tap

Posted to: MBS Commentary
Monday, November 30, 2015 8:28 AM

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While there were plenty of scheduled data and events last week, their impact was severely limited by the holiday trading dynamics (where bonds usually end up doing whatever they want to do, regardless of data). This week may well be a different story.

Not only do we have 5 full business days this time around, but the data is in a completely different league. In fact, this week’s data could be some of the only data that markets are going to care about given the relative certainty of a Fed rate hike on December 16th. Chief among these is the Employment Situation on…

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