Daily Newsletter: Mortgage Rates End Week at Lows; GOP's "Holistic" Housing Bill; Foreclosure Payouts Limp Along; Chase/Wells Earnings

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30 Year Fixed 4.50%   -0.04 15 Year Fixed 3.69%   -0.03 10YR Treasury 2.58%   +0.0100 FNMA 30YR 3.5 100.20   -0.27 FNMA 15YR 2.5 102.31   -0.22 View Today's Rates

Friday July 12, 2013 Mortgage Rate Watch - 5:16PM Mortgage Rates End Week at Lows Mortgage rates didn't manage the same sort of surge lower as that seen yesterday. In fact, some lenders were unchanged, but on average, rates fell to their lowest levels of the week ... MND NewsWire - 10:56AM Republicans' "Holistic" Bill to End Most Government Mortgage Support Republicans in the House of Representatives have unveiled a sweeping piece of legislation that, if passed, will almost completely revamp the housing finance system . Unlike a bi-partisan ... MND NewsWire - 2:45PM Foreclosure Payout Nears End after Error-Plagued Start Over two-thirds of the $3.4 billion in checks issued to borrowers who were aggrieved by various foreclosure mistakes or inequities had been cashed as of July 11. The Office of Comptroller ... Pipeline Press - 1:50PM CFPB ARM Primer; More on Month-End Closings; Chase and Wells Earnings "Rob, has the CFPB or the Federal Reserve put out anything on ARM loans?" You bet it has. It is a nice primer , with pretty colors, easy-to-read print, and small words - just right ... Millennial Generation Likely to View Home Purchases Positively MBS RECAP: Drifting Uneventfully Into Weekend Fannie's Non-agency Issuance; Ops and Production Departments Dusting off ARM Manuals MBA Debuts New Index To Track Home Sales Exhaustive Data Highlights Central Role of Housing CFPB Finalizes April Clarifications and Changes Appraisal Exemptions Proposed for High-Priced Loans Latest Video Plosser: Fed Should Wind Down QE By End of Year Dimon 'Confident' Lending Will Increase Pisani's Look Ahead: China GDP, Bernanke Testimony More News from 'Around the Web' Reuters - 5:16PM BofA rejects ex-workers' claims on how it treats troubled homeowners CNBC - 4:00PM Elizabeth Warren, No Preventing the Past Bloomberg - 3:59PM U.S. Senate FHA Solvency Measure Would Require Premium Increases - Bloomberg www.nytimes.com - 3:57PM Common Sense: The Ethics of a Split-Second Advantage for Traders www.americanprogress.org - 3:56PM Rethinking the Federal Housing Administration CNBC - 3:54PM Fitch Cuts France's Rating on Budget, Economy Woes CRL - 3:54PM Protecting American Taxpayer & Homeowner Act Fails to Provide a Strong Path Forward Bloomberg - 2:08PM Fed's Bullard Opposes Tapering of QE Amid Slowing Inflation - Bloomberg Market Watch - 2:08PM France downgraded to AA+ from AAA by Fitch Ratings OCC - 1:59PM Independent Foreclosure Review Payments Exceed $2.5 Billion CNBC - 1:38PM Wells Fargo Benefits From Housing Market, but Clouds Loom WSJ - 12:53PM Want to Bet on Next Fed Chair? Here Are the Odds WSJ - 12:53PM Buy Now, Look Later The Atlantic - 12:52PM How Sharknado Explains the Federal Reserve Bloomberg - 12:48PM Fed's Plosser Calls for Tapering of QE to Begin in September - Bloomberg Market Watch - 12:48PM Treasury to examine 10-year fails, TIPS market Washington Post - 12:48PM Have the robots come for the middle class? Today's Comments MBS Live Chat - 12:15PM "your alert is right on the money MG. sell first on any news that is taper postive...." MBS Live Chat - 12:14PM "Freddie mac is RP also..." MBS Live Chat - 12:14PM "REPRICE : 12:14 PM - BB&T Worse..." MBS Live Chat - 12:14PM "REPRICE : 12:14 PM - USBank Worse..." MBS Live Chat - 12:14PM "as the first alert noted, we'd already bottomed out heading into POMO. Not uncommon..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.50% -0.04 15 Yr FRM 3.69% -0.03 FHA 30 Year Fixed 4.30% -0.07 Jumbo 30 Year Fixed 4.60% +0.00 5/1 Yr ARM 3.30% -0.04 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 4.68% 0.46 +0.10 15 Yr. Fixed 3.76% 0.41 +0.12 30 Yr. Jumbo 4.86% 0.37 +0.18 30 Yr. FHA 4.37% 0.39 +0.10 5/1 ARM 3.40% 0.54 +0.07 Freddie Mac ** 30 Yr. Fixed 4.51% 0.80 +0.22 15 Yr. Fixed 3.53% 0.80 +0.14 1 Yr. ARM 2.66% 0.50 +0.00 5/1 Yr. ARM 3.26% 0.70 +0.16 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 96.42 -0.23 30YR FNMA 3.5 100.20 -0.27 30YR GNMA 3.0 97.44 -0.16 30YR GNMA 3.5 101.28 -0.13 15YR FNMA 3.0 102.31 -0.22 15YR FNMA 2.5 99.45 -0.23 Treasuries Yield Change 2 YR 0.3430% +0.0118 5 YR 1.4175% +0.0246 10 YR 2.5840% +0.0100 30 YR 3.6288% +0.0010 Prices as of: 7/12/2013 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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