Daily Newsletter: Fed Includes Mortgage Rates in Policy Statement; Eminent Domain is Here; Refi and Purchase Apps Fall; Rates Hold After Volatile Day

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30 Year Fixed 4.48%   +0.00 15 Year Fixed 3.67%   +0.00 10YR Treasury 2.59%   -0.0187 FNMA 30YR 3.5 100.84   +0.19 FNMA 15YR 2.5 102.86   +0.14 View Today's Rates

Wednesday July 31, 2013 MBS Commentary - 5:49PM MBS RECAP: FOMC Trumps Econ Data; Mortgage Rates Mentioned in Statement MBS Live : MBS Afternoon Market Summary The Fed is to be applauded for mentioning mortgage rates in today's official Announcement in an unprecedented way. While the Fed is the very ... MND NewsWire - 10:22AM Eminent Domain No Longer Theoretical; Critics Warn of Repercussions Months after other cities quietly dropped similar plans the city of Richmond, California yesterday quietly moved to buy 624 residential mortgages in its low income neighborhoods, possibly ... MND NewsWire - 9:00AM Refinancing Down 55 Percent from Recent Peak Refinancing continued its slide during the week ended July 26 and mortgage application volume overall declined the Mortgage Bankers Association (MBA) said this morning. MBA reported ... Mortgage Rate Watch - 4:56PM Volatile Day Leaves Mortgage Rates Largely Unchanged Mortgage rates are deceptively unchanged here at the end of the trading day, but that was far from the case this morning. Rates were significantly higher earlier today rising from yesterday ... Differences Between Past and Current FOMC Statements FHA "Solvency" Bill Goes to Full Senate Eminent Domain Embraced by California City; No Mel Watt Vote until September; Libor Lawsuits GSEs Waiting on CFPB Before Publishing Standardized Data Requirements Multi-Family Belle of the Commercial Lending Ball Home Prices Back to Spring 2004 Levels - Case-Shiller Foreclosures Increase Again in June - CoreLogic Latest Video Rising rates: Impact on housing Reactions to Fed statement Have Homebuilders Passed the `Sweet Spot' More News from 'Around the Web' Bloomberg - 5:50PM Fannie Mae Obtains Insurance on $5 Billion Pool of Mortgages - Bloomberg CNBC - 4:40PM Fed's Raskin to be named Treasury deputy WSJ - 4:37PM California City Readies Controversial Loan-Seizure Program www.corelogic.com - 4:36PM CoreLogic Reports 55,000 Completed Foreclosures in June PR Newswire - 4:33PM Fannie Mae Releases June 2013 Monthly Summary Fannie Mae - 4:33PM Fannie Mae Releases June 2013 Monthly Summary | Fannie ... CNBC - 3:20PM Watch Art Cashin: Federal Reserve 'chickened out' WSJ - 3:00PM FOMC: Inflation Persistently Below 2% Objective Poses Risks - Wall Street Journal Reuters - 1:06PM Obama says several candidates for Fed chair: Rep. Israel CRL - 12:43PM Foreclosure Counseling: Areas of Greatest Need in 2013 CNN - 12:38PM Top 10 consumer complaints (guess who's not on the list) Bloomberg - 12:04PM FHA Solvency Legislation Advanced by Senate Banking Committee - Bloomberg CNBC - 12:03PM Slow growth aside, jobs data suggest improvement www.aei.org - 10:58AM Housing finance reform: Fool me once shame on you, fool me twice shame on me WSJ - 10:25AM Economists React: Better GDP, but Trend Still Sluggish CNBC - 10:09AM Jobs or GDP? To Fed policy, there can only be one CNBC - 10:05AM Midwest business activity picks up www.treasury.gov - 10:04AM Mark Your Calendars: Treasury Expects To Hold First Floating Rate Note Auction In January 2014 www.easyir.com - 8:50AM TransUnion Study: Credit Card Payment Patterns Can Foretell Future Delinquencies on Other Loans CNBC - 8:47AM Mortgage apps down for 7th week Today's Comments MND NewsWire - 2:20PM "maybe it is just me, but i'm up to my eyebrows with "enhancements', "improvements", suggestions and mandates by a congress that is unable to tie their shoes. I say leave FHA alone, seems they are pretty good at balancing their books over the past 80+years, certainly better than most of our government..." MBS Live Chat - 3:14PM "we rarely re-price for the better this late in the day but got one today...." Community Commentary - 4:46PM "Treasury and agency mortgage-backed securities; delicious Ding Dongs; survival gear for apocalypse created by rising rates ^^^^^ I'll take that as my winning statement..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% +0.00 15 Yr FRM 3.67% +0.00 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.52% -0.01 5/1 Yr ARM 3.25% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.58% 0.38 +0.00 15 Yr. Fixed 3.67% 0.40 +0.04 30 Yr. Jumbo 4.64% 0.39 -0.02 30 Yr. FHA 4.30% 0.31 +0.02 5/1 ARM 3.39% 0.40 +0.09 Freddie Mac ** 30 Yr. Fixed 4.31% 0.80 -0.06 15 Yr. Fixed 3.39% 0.80 -0.02 1 Yr. ARM 2.65% 0.40 -0.01 5/1 Yr. ARM 3.16% 0.70 -0.01 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 97.03 +0.28 30YR FNMA 3.5 100.84 +0.19 30YR GNMA 3.0 97.97 +0.31 30YR GNMA 3.5 101.84 +0.28 15YR FNMA 3.0 102.86 +0.14 15YR FNMA 2.5 99.89 +0.19 Treasuries Yield Change 2 YR 0.3128% -0.0039 5 YR 1.3864% -0.0016 10 YR 2.5857% -0.0187 30 YR 3.6429% -0.0267 Prices as of: 7/31/2013 4:30PM 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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Daily Newsletter: Home Prices Back to Spring 2004 Levels; Rates Face Volatility Tomorrow; Foreclosures Increase in June; Everbank Exits Wholesale

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30 Year Fixed 4.48%   +0.01 15 Year Fixed 3.67%   +0.01 10YR Treasury 2.60%   +0.0115 FNMA 30YR 3.5 100.66   -0.16 FNMA 15YR 2.5 102.72   0.00 View Today's Rates

Tuesday July 30, 2013 MND NewsWire - 10:52AM Home Prices Back to Spring 2004 Levels - Case-Shiller S&P/Dow Jones Indices said this morning that its Case-Shiller 10-City and 20-City Composite Indices continued to rise in May, up 2.5 percent and 2.4 percent respectively from April ... Mortgage Rate Watch - 3:10PM Mortgage Rates Unchanged--Maybe Not for Long Mortgage rates were essentially unchanged today , with some lenders in marginally better shape while others were marginally worse. Some of this discrepancy can be accounted for by mid ... MND NewsWire - 9:57AM Foreclosures Increase Again in June - CoreLogic There were 55,000 completed foreclosures in the U.S. in June CoreLogic reported this morning. This is a 2.5 increase from May when there were a reported 53,000 bank repossessions but ... Pipeline Press - 9:45AM EverBank to Focus on Correspondent; CFPB on ECOA & ARM Disclosures; FHA MIP Disclosure Issues Uh oh, just as I head to New York, this comes up. When the new MIP rules went into effect, disclosures needed to be updated. A very informal poll of correspondent investors indicates ... MBS RECAP: Still Calm; Storm Still Begins Tomorrow GSEs Waiting on CFPB Before Publishing Standardized Data Requirements Multi-Family Belle of the Commercial Lending Ball Everbank Exits Wholesale Lending to Focus on Correspondent Channel All-Time High Home Prices in Four Metro Areas Pending Sales Dip from May's Seven-Year High Freddie's Risk-Sharing Deal; Jumbo Rate Discrepancies Across Channels; LO Affiliated Business Arrangements The Week Ahead: More of Everything Latest Video Hot and cold housing markets 90 Seconds with Art Cashin: Taper is coming Shiller: Stocks are in a bubble More News from 'Around the Web' Bloomberg - 4:13PM FHFA Nominee Mel Watt Won't Get Vote Until September, Reid Says - Bloomberg CNBC - 4:11PM Housing market heats up but not at boiling point yet Assoc. Mtg. Investors - 4:11PM AMI Condemns Richmond, California's Actions and The Use of Eminent Domain in General NMLS - 4:10PM NMLS State and Federal Q1 Reports Released DataQuick - 2:41PM June Las Vegas Home Sale Press Release National Housing Conference - 2:40PM HUD issues new final HOME Program rule CNN - 2:40PM California city's drastic foreclosure remedy: Seizure Washington Post - 1:35PM A quick-and-dirty guide to the housing finance reform battle Bloomberg - 1:33PM Treasuries Face First July Loss in Eight Years: Chart of the Day - Bloomberg Bloomberg - 1:31PM American Capital Agency Rises as Mortgage REIT Minimizes Losses - Bloomberg Washington Post - 12:10PM Why we shouldn't think of central bankers as hawks and doves Washington Post - 10:40AM What the White House visitors' log tells us about the Fed race www.philadelphiafed.org - 10:36AM Leading Indexes Suggest Expansion in 38 States into the Fourth Quarter CNBC - 10:35AM Why I'm selling bonds ahead of the Fed www.gallup.com - 9:31AM In U.S., Economic Confidence Lowest Since Late April CNBC - 9:18AM Obama to pitch grand bargain deal CNBC - 9:14AM Wall Street pros believe a Fall taper is already priced into markets: CNBC survey CNBC - 9:12AM Why Wall St. is yawning over deficit: CNBC Survey FHFA - 9:11AM FHFA Index Shows Mortgage Interest Rates Climbing in June CNBC - 9:11AM Home prices jump 12.2% in May: Case-Shiller Today's Comments MND NewsWire - 11:30PM "One more nail in the proverbial coffin for brokers. As regulations and fiscal requirements grow, and available loan channels dwindle, one has to wonder how long until CFPB gets their "wish" of regulating small lenders and brokers (didn't small business used to be America's economic engine??) out of the..." MND NewsWire - 9:55AM "It's definitely been a systematic, well orchestrated attack on small lenders and more specifically brokers. Dodd-Frank has carried the brunt of the burdens and now we have the luxury of the CFPB on the attack with rules and enforcement. And all the while, the big banks are garnering record profits and..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% +0.01 15 Yr FRM 3.67% +0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.53% +0.00 5/1 Yr ARM 3.25% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.58% 0.40 -0.10 15 Yr. Fixed 3.63% 0.35 -0.07 30 Yr. Jumbo 4.66% 0.41 -0.15 30 Yr. FHA 4.28% 0.33 -0.10 5/1 ARM 3.30% 0.34 -0.09 Freddie Mac ** 30 Yr. Fixed 4.31% 0.80 -0.06 15 Yr. Fixed 3.39% 0.80 -0.02 1 Yr. ARM 2.65% 0.40 -0.01 5/1 Yr. ARM 3.16% 0.70 -0.01 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 96.75 -0.17 30YR FNMA 3.5 100.66 -0.16 30YR GNMA 3.0 97.66 -0.30 30YR GNMA 3.5 101.56 -0.28 15YR FNMA 3.0 102.72 0.00 15YR FNMA 2.5 99.70 -0.03 Treasuries Yield Change 2 YR 0.3167% +0.0000 5 YR 1.3880% +0.0081 10 YR 2.6044% +0.0115 30 YR 3.6696% +0.0029 Prices as of: 7/30/2013 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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