Daily Newsletter: Home Prices Rising at Fastest Pace in 36 Years; Delinquencies Plummet; Obama on Mortgage Market

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30 Year Fixed 4.49%   +0.00 15 Year Fixed 3.68%   -0.01 10YR Treasury 2.64%   +0.0021 FNMA 30YR 3.5 100.63   -0.13 FNMA 15YR 2.5 102.73   -0.03 View Today's Rates

Tuesday August 6, 2013 MND NewsWire - 1:38PM Home Prices Rising at Fastest Pace in 36 Years Housing prices increased by what the Chief Economist for CoreLogic called " a remarkable 10 percent " in the first six months of 2013, the company announced this morning. Mark Fleming ... MND NewsWire - 2:18PM Unprecedented Decline in Mortgage Delinquencies -TransUnion Mortgage delinquency data released by TransUnion today show that mortgage delinquencies are plummeting nationally. The rate of borrowers 60 days or more past due on their mortgages ... MND NewsWire - 2:09PM Eleven Cities Fall From Improving Markets List; Annual Trend Stays Strong The list of 'Improving Markets" compiled by the National Association of Home Builders (NAHB) and First American Title declined by eight in August to 247 . This number included 244 metropolitan ... MND NewsWire - 9:33AM Obama to Speak in Favor of Ending GSEs, Shift to Private Capital President Barack Obama will spotlight his vision for the future of the U.S. Housing system in a speech this afternoon in Phoenix. While few details are available yet it is clear that ... LO Comp Implications and the Recent CFPB Complaint; Obama Housing Speech Today Bank of America Sued by SEC, DOJ over 2008 MBS Mortgage Rates Remain Flat Treasury Sell-Off Compared to Past Examples Cash-Out Loans Help Mortgage Credit Availability Improve Huge Spike in Delinquencies Chalked up to Seasonal Factors Latest Video DOJ files civil suit against Bank of America President Obama's plan for Phoenix Santelli: 'playing chicken' with interest rates More News from 'Around the Web' NAHB - 5:02PM Statement from NAHB Chairman Rick Judson on President Obama?s Housing Speech CRL - 5:02PM CRL: Housing recovery is not complete Washington Post - 5:02PM Obama wants to help people refinance their mortgages. Is it too late? WSJ - 3:39PM Who's Going to This Year's Jackson Hole Fed Conference? Reuters - 3:37PM U.S. accuses Bank of America of mortgage-backed securities fraud House Financial Services - 3:35PM Chairman Hensarling Welcomes President Obama to the Sustainable Housing Finance Reform Debate Market Watch - 1:49PM The Fed: Fed's Evans sees tapering, pickup in second half Reuters - 1:48PM Fed could taper in September but doesn't have to: Lockhart Bloomberg - 1:46PM Fifth Third Restates Earnings on Increased Litigation Costs - Bloomberg Bloomberg - 1:46PM US Commercial Property Prices Fall Amid Rising Rates - Bloomberg CNBC - 1:45PM Buying a home is not for everyone: HUD Secretary www.whitehouse.gov - 1:44PM FACT SHEET: A Better Bargain for the Middle Class: Housing WSJ - 12:13PM Fed's Lockhart Says Reduction in Bond Buys Could Come in September Bloomberg - 12:11PM Bank of America to Cut 209 Mortgage Jobs in Pittsburgh - Bloomberg NY Fed - 10:29AM Understanding the New York Fed's Survey of Primary Dealers NAHB - 10:28AM Improving Markets List Includes 247 Metros in August The Huffington Post - 9:23AM Obama's Housing Plan Would Keep Government Involved In Mortgages Market Watch - 9:22AM Fed's Lockhart: Don't rule out Oct. for taper CNBC - 9:21AM 'Sexist arguments' made against Yellen: Sheila Bair CNBC - 9:21AM Traders may be getting sneak-peek at data: report Today's Comments MND NewsWire - 9:54AM "SO.....we want to reduce/eliminate Fan/Fred to get government out of lending AND expand HARP to existing non agency loans at the same time? Seems rather contradictory to me!..." MND NewsWire - 10:13AM "I think the best part is where they want to have private banks buy home loans then get a guarantee or insurance on them from the government. Maybe I am missing something but isn't that the exact same system we have now? Its similar to the subprime days where they would package them into AAA securities..." MND NewsWire - 5:11AM "Lenders STILL continue to require underwater homeowners to be delinquent to be approved for a short sale, even after the 1/1/12 FHFA release stating short sellers can be current on their mortgage with an eligible hardship. Many underwater homeowners have come to the end of their rope, and have stalled..." MBS Live Chat - 1:03PM "sooo... whats the expected reaction?..." MBS Live Chat - 1:04PM "you're seeing it..." MBS Live Chat - 1:04PM "zzzzz..." MND NewsWire - 1:23PM "Private sources were the first out the door in the early days of the mortgage meltdown. If not for Fannie, Freddie and FHA home loans the mortgage meltdown and economic contraction probably would have been considerably worse...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.49% +0.00 15 Yr FRM 3.68% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.47% -0.01 5/1 Yr ARM 3.23% +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% 0.38 +0.00 15 Yr. Fixed 3.67% 0.40 +0.04 30 Yr. Jumbo 4.64% 0.39 -0.02 30 Yr. FHA 4.30% 0.31 +0.02 5/1 ARM 3.39% 0.40 +0.09 Freddie Mac ** 30 Yr. Fixed 4.39% 0.70 +0.08 15 Yr. Fixed 3.43% 0.70 +0.04 1 Yr. ARM 2.64% 0.40 -0.01 5/1 Yr. ARM 3.18% 0.60 +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 96.70 -0.13 30YR FNMA 3.5 100.63 -0.13 30YR GNMA 3.0 97.78 -0.05 30YR GNMA 3.5 101.75 -0.11 15YR FNMA 3.0 102.73 -0.03 15YR FNMA 2.5 99.72 -0.09 Treasuries Yield Change 2 YR 0.3094% +0.0040 5 YR 1.3880% +0.0016 10 YR 2.6402% +0.0021 30 YR 3.7241% -0.0078 Prices as of: 8/6/2013 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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