Daily Newsletter: Rates Continue Lower After Retail Sales; Think Tanks Feud Over FHA; LO Overtime Ruling; Smooth Sailing for MBS

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30 Year Fixed 4.46%   -0.04 15 Year Fixed 3.66%   -0.03 10YR Treasury 2.54%   -0.0412 FNMA 30YR 3.5 100.66   +0.45 FNMA 15YR 2.5 102.52   +0.20 View Today's Rates

Monday July 15, 2013 Mortgage Rate Watch - 5:14PM Mortgage Rates Continue Lower After Retail Sales Data Mortgage rates moved lower to start the week, adding on to last week's solid recovery from 2yr highs a week before. As expected, rates took their most meaningful cue from today's Retail ... MND NewsWire - 9:22AM Think Tanks Continue Feuding Over FHA It would be a Hansel and Gretelian task to follow the back and forth between the American Enterprise Institute (AEI) and the Department of Housing and Urban Development (HUD) as the ... Pipeline Press - 10:05AM LO Overtime Ruling; Jumbo vs. Conforming Rates; Mortgage Companies' Many Risks Sure lots of depository and non-depository lenders made big bucks last year. But what about this year? Probably not . Last week I was remiss in not reporting on an important HR and ... MBS Commentary - 5:10PM MBS RECAP: Uncharacteristically Smooth Sailing For Bond Markets MBS Live : MBS Afternoon Market Summary Apart from the heavy volume that followed Retail Sales this morning, the day was quiet for Treasuries and especially for MBS. It's not impossible ... Do's and Don't's For a Smooth Mortgage Process: Part 7 The Week Ahead: Lots of Data and Semiannual Bernanke Testimonies Millennial Generation Likely to View Home Purchases Positively Foreclosure Payout Nears End after Error-Plagued Start CFPB ARM Primer; More on Month-End Closings; Chase and Wells Earnings Republicans' "Holistic" Bill to End Most Government Mortgage Support Latest Video The rise of $100 million homes How high can yields rise? Negative GDP ahead? More News from 'Around the Web' blog.hud.gov - 5:45PM So, what exactly is a mortgage? CNBC - 5:45PM Boom times? $100 million home listings return House Financial Services - 4:58PM The PATH Act Sustains the 30-Year Fixed Rate Mortgage CNBC - 4:57PM For Rich, Real Estate Tax Breaks Abound blogs.barrons.com - 3:09PM BlackRock: Low Inflation Will Keep Interest Rates In Check The Huffington Post - 3:06PM PHOTOS: This Home Isn't What It Seems WSJ - 3:04PM Second Quarter Looking Uglier and Uglier www.aei-ideas.org - 2:59PM A bit more on the US government's big GDP revisions Bloomberg - 1:46PM EFSF Cut to AA+ by Fitch in Wake of France's Loss of Top Rating - Bloomberg Reuters - 1:31PM Starved of credit, construction suppliers lag housing rebound Realtor.Org - 1:29PM With BASEL III Out, a Big Win for Real Estate www.fool.com - 12:14PM Mortgage Rates Are Still Dirt Cheap WSJ - 12:10PM Secondary Sources: True Unemployment, Rising Rates, Underwater Mortgages WSJ - 12:08PM Check Please? Restaurant Spending Plummets in June House Financial Services - 12:06PM Time Change for Release of Fed Chairman's Testimony NMLS - 10:21AM District of Columbia New SAFE MLO Test CNBC - 10:21AM US business inventories rise 0.1 percent in May CNBC - 9:24AM Retail Sales Rise 0.4% in June; NY Manufacturing Activity Shows Growth WSJ - 8:58AM Housing Listings Multiply in June CNBC - 8:27AM Great rotation still a 'long way' off Today's Comments Mortgage Rate Watch - 3:20PM "Thanks Mattew. Keeping my fingers crossed on the July meeting. Can't go back on the newhome that is scheduled to be completed in Dec...." MBS Live Chat - 3:49PM "REPRICE : 3:49 PM - Flagstar Better..." MBS Live Chat - 2:58PM "REPRICE : 2:58 PM - Wells Fargo (retail) Better..." MBS Live Chat - 2:11PM "REPRICE : 2:11 PM - Wells Fargo Better..." MBS Live Chat - 1:49PM "REPRICE : 1:49 PM - Sierra Pacific Better..." MBS Live Chat - 1:37PM "REPRICE : 1:37 PM - AMC Better..." MBS Live Chat - 1:20PM "REPRICE : 1:20 PM - Franklin American Better..." MBS Live Chat - 1:07PM "REPRICE : 1:07 PM - Provident Funding Better..." MBS Live Chat - 1:06PM "REPRICE : 1:06 PM - Plaza Better..." MBS Live Chat - 12:03PM "REPRICE : 12:03 PM - Franklin American Better..." MBS Live Chat - 11:53AM "REPRICE : 11:53 AM - PennyMac Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.46% -0.04 15 Yr FRM 3.66% -0.03 FHA 30 Year Fixed 4.25% -0.05 Jumbo 30 Year Fixed 4.57% -0.03 5/1 Yr ARM 3.27% -0.03 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 96.91 +0.48 30YR FNMA 3.5 100.66 +0.45 30YR GNMA 3.0 98.05 +0.61 30YR GNMA 3.5 101.81 +0.53 15YR FNMA 3.0 102.52 +0.20 15YR FNMA 2.5 99.75 +0.30 Treasuries Yield Change 2 YR 0.3349% -0.0081 5 YR 1.3799% -0.0376 10 YR 2.5428% -0.0412 30 YR 3.5977% -0.0311 Prices as of: 7/15/2013 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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