Daily Newsletter: Mortgage Applications Still Falling; Key Investors Betting on Higher Rates; Modifications Up even as Foreclosures Fall; Less Mortgage Debt Offsets Rise in Consumer Debt

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30 Year Fixed 4.52%   +0.01 15 Year Fixed 3.70%   +0.01 10YR Treasury 2.71%   -0.0055 FNMA 30YR 3.5 100.09   +0.08 FNMA 15YR 2.5 102.53   +0.08 View Today's Rates

Wednesday August 14, 2013 MND NewsWire - 8:53AM Application Volumes Down, Government Purchase Share Drops Despite lower interest rates the volume of loan applications decreased during the week ended August 9 The Mortgage Bankers Association (MBA) said that its Market Composite Index which ... MND NewsWire - 1:53PM Key Investor Classes Shift to Negative Outlook on Bonds Four investor classes, foreign investors, the Federal Reserve, fixed income funds, and banks, have dominated the U.S. Treasury (UST) market in recent years. In a report today Bank of ... MND NewsWire - 2:51PM Modifications Up even as Foreclosure Activity Declines Even as foreclosure activity wanes, homeowners continue to seek and obtain loan modifications through HOPE NOW. The program announced today that it had completed 204,000 modifications ... MND NewsWire - 3:17PM Falling Mortgage Debt Offsets Rise in Consumer Debt In spite of a huge surge in auto loans, Americans reduced their overall household debt by $78 billion during the second quarter the Federal Reserve Bank of New York said today. Total ... Mortgage Rates Steady Today; Potential Volatility Tomorrow Europe's Economy Improving; Issue With Freddie Increasing Market Share; Rate Locks Continue Down MBS RECAP: Eerily Quiet Session Places Emphasis on Tomorrow National Housing Affordability Hits 5 Year Low Home Prices Fall Slower, Rise Faster Without Distressed Sales Fraud Stats Overstated; Mortgage Banker Margins; Fine-Tuning Nation's LO and Lender Numbers Affordability Lowest Since 2008 in California Latest Video Jumbo vs. conforming rates Bullard: FOMC needs to see more data before tapering Santelli: I don't believe government inflation numbers More News from 'Around the Web' CNBC - 5:36PM New normal returns to DC this fall: Fiscal chaos CNBC - 5:36PM Inflation data too good to be true, or useful? CNBC - 5:35PM Santelli Exchange Extra: Can 'this' save housing? DataQuick - 2:56PM July Southland Home Sale Press Release Bloomberg - 2:54PM Fed to Keep Funds Rate on Hold Longer Than Forecast, Gross Says - Bloomberg CNBC - 2:19PM Fed's Bullard: Inflation low for now, but could be excessive in the future CNBC - 2:19PM Mortgage rates same for loans big and small CNBC - 1:40PM Watch out: Euro zone recovery faces 'serious headwinds' CNBC - 1:40PM Fund holdings: Top managers show hands Reuters - 12:11PM Yellen seen as likely next Fed chair despite Summers chatter: Reuters poll Reuters - 12:11PM U.S. in modest recovery; Fed to cut back on QE next month: Reuters poll Reuters - 12:10PM U.S. consumer debt drops in second quarter, continuing post-crisis trend CNBC - 12:09PM The next housing recovery hot spots CNBC - 11:11AM Where will the housing recovery heat up next? CNBC - 11:11AM Santelli: I don't believe these gov't numbers business.time.com - 9:29AM Eurozone's Longest-Ever Recession Comes to an End Washington Post - 9:25AM Why America needs to get used to slower growth CNBC - 9:23AM July price pressures tame amid gas drop www.justice.gov - 9:21AM Justice Department Reaches Settlement with Homeowners Association and Property Management Company in Fair Housing Lawsuit Involving Occupancy Limits Bloomberg - 8:29AM BofA Banker Sued by Regulator Later Joined Fannie Mae - Bloomberg Today's Comments Mortgage Rate Watch - 5:24PM "When can we definitely know that taper is going to start (in September)? Will there be an announcement by FED. As nothing was announced at last FED meeting, I was under the impression that its not going to be September...." Mortgage Rate Watch - 12:17PM "The Fed releases their next official policy statement on September 18th. That's when we'd find out whether or not tapering is starting. Roughly 2/3rds of economists believe they will announce it at that meeting, but there is enough economic data between now and then that the consensus could change...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.52% +0.01 15 Yr FRM 3.70% +0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% +0.01 5/1 Yr ARM 3.24% +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 4.61% 0.42 +0.03 15 Yr. Fixed 3.66% 0.43 -0.01 30 Yr. Jumbo 4.64% 0.34 +0.00 30 Yr. FHA 4.33% 0.26 +0.03 5/1 ARM 3.39% 0.37 +0.00 Freddie Mac ** 30 Yr. Fixed 4.40% 0.70 +0.01 15 Yr. Fixed 3.43% 0.70 +0.00 1 Yr. ARM 2.62% 0.30 -0.02 5/1 Yr. ARM 3.19% 0.50 +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 96.00 +0.03 30YR FNMA 3.5 100.09 +0.08 30YR GNMA 3.0 96.88 -0.16 30YR GNMA 3.5 101.13 -0.06 15YR FNMA 3.0 102.53 +0.08 15YR FNMA 2.5 99.44 +0.09 Treasuries Yield Change 2 YR 0.3300% -0.0040 5 YR 1.4717% -0.0032 10 YR 2.7117% -0.0055 30 YR 3.7479% -0.0080 Prices as of: 8/14/2013 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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