Daily Newsletter: Home Price Gains Decelerating; Shadow Inventory Falling Fast; Rates Near 2-Week Lows

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30 Year Fixed 4.53%   -0.08 15 Year Fixed 3.66%   -0.05 10YR Treasury 2.71%   -0.0767 FNMA 30YR 3.5 100.17   +0.45 FNMA 15YR 2.5 102.31   +0.16 View Today's Rates

Tuesday August 27, 2013 MND NewsWire - 12:52PM Home Price Gains Decelerating for Most Metro Areas -Case-Shiller The growth in home prices nationally accelerated in the second quarter. The S&P/Case-Shiller Home Price Index, which covers all nine U.S. census divisions rose 7.1 percent during ... MND NewsWire - 9:46AM Shadow Inventory down 30 Percent Annually Delinquency rates and incidence of properties in foreclosure fell again in July, Lender Processing Services (LPS) reports, but more than 4.5 million mortgage loans remain in some category ... Mortgage Rate Watch - 6:14PM Mortgage Rates Near Two-Week Lows Mortgage rates hit their lowest levels in nearly two weeks today . Conventional 30yr Fixed quotes for the most ideal scenarios ( best-execution ) are back down around 4.5% for some ... MBS Commentary - 4:52PM MBS RECAP: Grudgingly Accepting the Benefit of Geopolitical Risk MBS Live : MBS Afternoon Market Summary MBS and Treasuries are both near their best levels after a day that has been almost exclusively positive thanks to the flight-to-safety associated ... QRM - tomorrow; More on Fingerprints; Changing LO Comp; Purchases Worth More than Refis? Multifamily Sector Continues to Lead Commercial Real Estate Resurgence National Home Prices Nearing Pre-Crash Levels Reg. Z Appraisal Reminder; Can LO Commission Change Due to Investor? Do LO Fingerprints Expire? Readers Contribute: Rapid Rescoring, Defining Affiliated Business Relationships, Renting Space in a Realtor's Office and Appraisal Compliance OIG Recommends Expanded Review Policy for GSE Settlements Latest Video Is housing back in a bubble? Signs of a housing slowdown The debt limit showdown More News from 'Around the Web' CNBC - 5:15PM Pimco blames media for bond exodus Reuters - 5:14PM U.S. seeking $6 billion from JPMorgan to settle mortgage claims: source S&P/Case Shiller - 3:19PM How the Cities Did in June Washington Post - 3:17PM Another day, another sign that Larry Summers will get the Fed job Bloomberg - 3:16PM Treasury Notes Turn Special in Repo Market Amid Debt Auctions - Bloomberg CNBC - 1:53PM Forget Syria, market was due for a pause: Pro Fannie Mae - 1:52PM News Release - Fannie Mae Announces STAR Program ... www.sigtarp.gov - 1:32PM Bank Chairman Admits TARP Funds Used To Purchase Luxury Vacation Property Reuters - 12:06PM Bank of America fails to end U.S. government's mortgage fraud lawsuit CNBC - 11:48AM Beware a 'massive interest rate shock' Reuters - 11:47AM Obama has not decided on military action in Syria: U.S. official www.philadelphiafed.org - 11:34AM Analysis: July Housing Permits Data CNBC - 11:33AM Consumer confidence rises to 81.5 vs. 79.1 estimate CNBC - 11:33AM Stocks slide for second day amid Syria concerns www.gallup.com - 9:42AM In U.S., Economic Confidence Stuck in Negative Territory Reuters - 9:41AM U.S. home prices rise in June at marginally slower pace: S&P CNBC - 9:41AM Housing as volatile as the stock market Bloomberg - 9:39AM Fed's Williams Says Effective Communication to Aid Next Steps - Bloomberg NAR - 9:25AM Homeownership Rates: Top and Bottom 5 States CNBC - 9:24AM US missile strike against Syria could come 'as early as Thursday': NBC Today's Comments MBS Live Chat - 2:47PM "RTRS- US DEMANDS JPMORGAN JPM.N PAY OVER $6 BLN TO SETTLE ALLEGATIONS CO MISSOLD SECURITIES TO GOVT-BACKED MORTGAGE COS IN RUN-UP TO FINANCIAL CRISIS- FT..." MBS Live Chat - 2:50PM "geez, it never ends...." MBS Live Chat - 12:43PM "https://www.fanniemae.com/content/release_notes/du-do-release-notes-11162013.pdf..." MND NewsWire - 12:59AM "The mortgage finance industry had a lot to do with the monetary; meltdown of the past couple of years. As a result, there have been and will continue to be lawsuits seeking to undo some of the damage. A recently-filed Bank of America mortgage fraud lawsuit was filed by the government, seeking $1 billion..." MND NewsWire - 1:55PM "i been following your blog and your writings for a few years. Sometimes, to counteract my wrong-headed friends, who post a note now and then, and the moronic churls whose slobber gets wiped onto your pages, I comment. This is one of those times. Bharathiar distance MBA..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.53% -0.08 15 Yr FRM 3.66% -0.05 FHA 30 Year Fixed 4.25% -0.06 Jumbo 30 Year Fixed 4.55% -0.07 5/1 Yr ARM 3.25% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.04% 0.78 +0.24 30 Yr. Fixed 3.76% 1.06 +0.18 MBA ** 30 Yr. Fixed 4.68% 0.42 +0.07 15 Yr. Fixed 3.71% 0.32 +0.05 30 Yr. Jumbo 4.74% 0.28 +0.10 30 Yr. FHA 4.40% 0.21 +0.07 5/1 ARM 3.44% 0.48 +0.05 Freddie Mac ** 30 Yr. Fixed 4.58% 0.80 +0.18 15 Yr. Fixed 3.60% 0.70 +0.16 1 Yr. ARM 2.67% 0.50 +0.00 5/1 Yr. ARM 3.21% 0.50 -0.02 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 96.14 +0.58 30YR FNMA 3.5 100.17 +0.45 30YR GNMA 3.0 97.08 +0.61 30YR GNMA 3.5 101.27 +0.47 15YR FNMA 3.0 102.31 +0.16 15YR FNMA 2.5 99.31 +0.31 Treasuries Yield Change 2 YR 0.3601% -0.0080 5 YR 1.5220% -0.0664 10 YR 2.7123% -0.0767 30 YR 3.6943% -0.0741 Prices as of: 8/27/2013 4:32PM 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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