Daily Newsletter: Pending Sales Pull Back From Seven-Year High; All-Time High Home Prices in 4 Markets; Rates Calm but Volatility Ahead

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30 Year Fixed 4.47%   +0.03 15 Year Fixed 3.66%   +0.02 10YR Treasury 2.59%   +0.0267 FNMA 30YR 3.5 100.81   -0.06 FNMA 15YR 2.5 102.72   +0.02 View Today's Rates

Monday July 29, 2013 MND NewsWire - 10:32AM Pending Sales Dip from May's Seven-Year High Rising interest rates and home prices are blamed for a slight dip in the number of pending sales in June the National Association of Realtors® (NAR) said today. NAR's Pending Home ... MND NewsWire - 12:15PM All-Time High Home Prices in Four Metro Areas May home price rose 1.3 percent nationally on Lender Processing Services (LPS) Home Price Index (HPI) the company said today. The index is now at $226 compared to $223 in April. Year ... Mortgage Rate Watch - 4:04PM Mortgage Rates Rise Slightly to Begin Volatile Week Mortgage rates were slightly higher to begin a week that could end with much bigger swings. Today, however, was relatively tame with market conditions reflecting a certain calm before ... Pipeline Press - 9:38AM Freddie's Risk-Sharing Deal; Jumbo Rate Discrepancies Across Channels; LO Affiliated Business Arrangements I am visiting Montana, and Butte just wrapped up "Evil Knievel Days" over the weekend. (I had an acquaintance who was married to his sister - their kids called him "Uncle Evil." How ... The Week Ahead: More of Everything Do's and Don't's For a Smooth Mortgage Process: Part 8 Smaller G-Fees for Riskier Loans and Bigger Lenders NAHB Rebuts Arguments for Repeal of MID UBS Settlement; Bank Lending Trend; Wells Out of JVs - No Big Deal? Freddie Mac's Total Portfolio Ticked up in June Latest Video Economic data smorgasbord Will Bernanke take the stand? WSJ Analysis: Janet Yellen Most Prescient Forecaster More News from 'Around the Web' WSJ - 4:28PM What Does 2010 Bernanke Vote Mean for Next Fed Nominee? CNBC - 4:27PM Stocks end lower as investors cautious ahead of Fed meeting Bloomberg - 4:27PM AIG to Return Deposits, Shut Bank Accounts in Dodd-Frank Retreat - Bloomberg CNBC - 3:20PM U.S. Treasury expects to issue $209 bln in debt this quarter Reuters - 2:20PM IMF approves $2.3 billion aid for Greece Realtor.Org - 2:18PM Why 'PATH' Approach to Fannie, Freddie Phase-out is Troubling www.cfpbmonitor.com - 1:37PM Commenters urge CFPB to revise proposed changes to Reg Z prohibition on financing credit insurance premiums WSJ - 1:06PM Analysis: Don't Blame Rising Rates for Lower Pending Home Sales WSJ - 1:05PM ECB Officials Want Central Bank to Publish Minutes WSJ - 1:05PM Should a Seller Pay Off a Debt Early? Reuters - 11:54AM Fed's Bernanke should testify in AIG bailout lawsuit: judge www.cfpbmonitor.com - 11:52AM CFPB issues ECOA baseline review procedures for examiners www.lpsvcs.com - 10:49AM LPS Home Price Index Report: May 2013 Transactions CNBC - 10:47AM The big macro-palooza: US jobs, growth and the Fed CNBC - 10:18AM Pending home sales drop 0.4 percent in June www.freddiemac.com - 9:40AM The True Value of Freddie Mac CNBC - 8:30AM Freddie Mac Appoints U.S. Bank as Global Agent on New Bond Note Offering CNBC - 8:30AM US Treasurys steady ahead of Fed meeting CNBC - 8:29AM Summers as next Fed Chief? Brace for market swings Today's Comments MBS Live Chat - 2:29PM "It could be a really good or really bad..." MBS Live Chat - 2:33PM "one thing we know for sure is rates will move quickly..." MBS Live Chat - 2:43PM "is Genworth typically one of the MI companies not supported by most lenders under HARP?..." MBS Live Chat - 2:44PM "genworth seems fine. it is UGI that is tricky..." MBS Live Chat - 2:57PM "kind of a boring day today in the mbs markets..." MBS Live Chat - 2:58PM "wednesday - friday should be a lot more interesting..." MBS Live Chat - 2:58PM "no doubt - quiet before the storm. I still find it odd the Fed is releasing a decision BEFORE NFP. That's how the calendar plays out, I know. But imagine the number doesn't remotely support their arguments, one way or another. Unless they are already privvy... which they may be. I don't know the timing..." MBS Live Chat - 2:59PM "I would imagine the fed already knows the number..." MBS Live Chat - 2:59PM "I can understand the WH getting it the night before... but a few days. I don't know...." MBS Live Chat - 2:59PM "i don't think the Fed knows the number..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.47% +0.03 15 Yr FRM 3.66% +0.02 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.53% +0.02 5/1 Yr ARM 3.26% +0.02 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 96.92 -0.09 30YR FNMA 3.5 100.81 -0.06 30YR GNMA 3.0 97.95 -0.11 30YR GNMA 3.5 101.84 -0.09 15YR FNMA 3.0 102.72 +0.02 15YR FNMA 2.5 99.73 +0.05 Treasuries Yield Change 2 YR 0.3167% +0.0000 5 YR 1.3799% +0.0098 10 YR 2.5929% +0.0267 30 YR 3.6667% +0.0449 Prices as of: 7/29/2013 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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