Daily Newsletter: Mortgage Rates Snap Back; NMLS Report Shows Industry Consolidation; LO's on Hook for Comp?; Jobs Report Rally Lost in Bigger Shuffle

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30 Year Fixed 4.48%   -0.09 15 Year Fixed 3.68%   -0.04 10YR Treasury 2.60%   -0.1081 FNMA 30YR 3.5 100.92   +0.98 FNMA 15YR 2.5 102.92   +0.55 View Today's Rates

Friday August 2, 2013 Mortgage Rate Watch - 4:11PM Mortgage Rates Snap Back After Jobs Report Mortgage rates fell sharply today, matching the pace of yesterday's abrupt move higher. By the end of the day most lenders were close to their best rates of the week. Whereas 30yr Fixed ... MND NewsWire - 5:35PM NMLS Report Paints Picture of Industry Consolidation The number of companies holding licenses to lend, originate, or service mortgage loans declined slightly in the first quarter of 2013 from one year earlier but the numbers of licenses ... Pipeline Press - 11:14AM Are LOs Legally Liable for Their Company's Comp Plan? Happy Friday, August 2 nd . The U.S. Department of Housing and Urban Development (HUD) notified everyone that its offices are closed today due to government cutbacks. It turns out that ... MBS Commentary - 5:55PM MBS RECAP: Jobs Report Impact Lost in Big Picture MBS Live : MBS Afternoon Market Summary In the same way that Doc Holiday said "that is a hell of a thing for you to say to me" in the Movie Tombstone, it's a hell of a thing for me ... MBS MID-DAY: Bond Markets Pull Another Petal; Love's Turn Today Former CFPB Officials Under Congressional Fire Sellers' Market For Now, but Home Price Surge Will Not Last Definition of a "Mortgage Application" FHA "Solvency" Bill Goes to Full Senate Latest Video Weak jobs numbers and the Fed Putting the brakes on 'great rotation'? Chuck Norris for Fed chairman? More News from 'Around the Web' Bloomberg - 5:13PM Allstate MBS Suit Against Goldman Saches Is Discontinued - Bloomberg Bloomberg - 5:13PM Bond Funds Attract Deposits for First Time in Two Months - Bloomberg economix.blogs.nytimes.com - 5:13PM Economix Blog: Keep On Truckin' CNBC - 5:13PM Obama narrows Fed chairman field to 3 The Atlantic - 5:13PM What Difference Does It Make Who Runs the Fed? WSJ - 3:28PM Jobs Data Muddy Fed Outlook Reuters - 3:27PM Fed's Bullard: drop in jobless a step closer to QE exit threshold Bloomberg - 3:27PM Fab's Fine Line Between Illegal and Idiotic - Bloomberg CNBC - 1:44PM Bull sees bright spots beyond jobs report CNBC - 1:40PM Fed and ECB accused of 'muddying the waters' Market Watch - 12:27PM Pimco Total Return Fund has second monthly outflow CNBC - 12:19PM CME paused Treasury futures before jobs data CNBC - 12:10PM Bonds take swift turn, but Fed taper on track CNBC - 12:10PM Unemployment rate weaker than it appears: Goldman OCC - 12:10PM Independent Foreclosure Review Payments Surpass $2.6 Billion CNBC - 11:11AM CME paused some Treasury futures contracts before jobs report amid heavy early orders WSJ - 10:52AM Economists React: Jobs Data Disappoint on Multiple Fronts business.time.com - 10:52AM Another Tepid Jobs Report Raises More Questions than it Answers CNBC - 10:45AM 'Battle-hardened' Summers for Fed head: Altman CNBC - 10:45AM US factory orders rise 1.5% in June vs. 2.2% estimate Today's Comments MBS Commentary - 12:16PM "An excellent piece of financial writing...." MBS Live Chat - 2:26PM "because the 4.5 15 coupon is lower than 30 year. does this mean more demand for higher yielding 15 years than 30 years?..." MBS Live Chat - 2:44PM "Andrew, I'm not sure if I understand your question. The price on 4.5 30's is higher because there's an actual market for 4.5 30's where there is none for 4.5 15's. There is a market for the lower-coupon 15's, which is why the prices are higher compared to 30's in 3.0 and 3.5 coupons...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% -0.09 15 Yr FRM 3.68% -0.04 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.49% -0.08 5/1 Yr ARM 3.20% -0.08 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 97.03 +1.06 30YR FNMA 3.5 100.92 +0.98 30YR GNMA 3.0 98.00 +1.09 30YR GNMA 3.5 101.95 +1.03 15YR FNMA 3.0 102.92 +0.55 15YR FNMA 2.5 100.08 +0.77 Treasuries Yield Change 2 YR 0.3013% -0.0313 5 YR 1.3587% -0.1336 10 YR 2.6017% -0.1081 30 YR 3.6872% -0.0699 Prices as of: 8/2/2013 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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