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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