Daily Newsletter: President Hints at HARP Expansion; Rising Rates Being Taken in Stride?; 2nd Biggest Profit Ever for Freddie

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30 Year Fixed 4.47%   -0.02 15 Year Fixed 3.66%   -0.02 10YR Treasury 2.60%   -0.0416 FNMA 30YR 3.5 100.89   +0.27 FNMA 15YR 2.5 102.94   +0.20 View Today's Rates

Wednesday August 7, 2013 MND NewsWire - 10:54AM President Calls for Ending Freddie and Fannie, Hints at HARP Expansion President Barack Obama, speaking to an audience in Phoenix yesterday, tied his proposal reforming the U.S. housing system to both his on-going theme of shoring up the middle class and ... MND NewsWire - 11:31AM Fannie Mae says Consumers Taking New Interest Rates in Stride Consumers appear to take for granted that mortgage interest rates are going to rise. Only 5 percent of respondents to the July National Housing Survey expect rates to decline over the ... Mortgage Rate Watch - 4:48PM Mortgage Rates Improve Modestly Mortgage rates moved slightly lower today, taking them to their best levels since last Tuesday. Rate movements have generally been very small over the past two weeks with two notable ... MND NewsWire - 12:04PM Second Largest Profit Ever for Freddie Mac Freddie Mac has again reported strong quarterly financial results with net income in the second quarter of 2013 coming in at $5.0 billion, $0.6 billion more than one year earlier. This ... Reverse Mortgages in the News; the President's Mortgage Pan & MBA's response; FDIC Videos on Interest Rate Risk Freddie Mac Threatens Eminent Domain Suit MBS RECAP: Moving Gently to Week's Highs After Auction Purchase Applications Steady as Refi Apps Languish Unprecedented Decline in Mortgage Delinquencies -TransUnion Bank of America Sued by SEC, DOJ over 2008 MBS Home Prices Rising at Fastest Pace in 36 Years Latest Video Obama: State of America's housing Santelli digs for housing options Next Fed chair: To care or not to care? More News from 'Around the Web' CNBC - 5:41PM JPMorgan facing DOJ mortgage probe CNBC - 5:41PM Fed hawks and doves align; tapering imminent Realtor.Org - 5:40PM Obama: Housing Essential to Economic Stability webfeeds.brookings.edu - 5:40PM Obama's Mixed Message on Housing and Home Mortgages CNBC - 4:16PM What you need to know if Fannie and Freddie go away CNBC - 4:13PM Think you figured out the Fed? Spare us CNBC - 4:13PM President turns to Zillow to push housing agenda Reuters - 4:13PM Fed's Pianalto prepared for QE retreat if jobs stay on track Reuters - 4:13PM U.S. consumer credit rises less than expected in June House Financial Services - 2:22PM The PATH to a Sustainable Housing Finance System for the 21st Century Bloomberg - 2:07PM Fed's Pianalto Sees Stronger Labor Market, Potential Tapering - Bloomberg Reuters - 2:06PM Freddie Mac may sue California city on eminent domain loan seizures CNBC - 2:05PM Summers vs. Yellen: Who are their supporters? CNBC - 10:31AM Housing Recovery: Top 10 Turnaround Towns for 2013 CNBC - 10:31AM Cashin: Here's what's making markets nervous today www.gallup.com - 9:18AM U.S. Job Creation Stable Overall, but Federal Jobs Dwindle Washington Post - 9:15AM Everything you need to know about Obama's latest housing plan CNBC - 9:14AM Here's why people fear Fed policy Reuters - 9:14AM Merkel plans to stand down in 2016 if re-elected: magazine Fannie Mae - 9:12AM News Release - July Monthly National Hosuing Survey ... Today's Comments MND NewsWire - 12:59PM "Cleary they didn't interview too many refinance oriented LO's concerning their current income versus a year ago!..." MBS Live Chat - 2:24PM "if a borrower buys a primary or second home and there are tenants in the property at the time of closing, but they are moving out in two weeks, could you show the rent credit on the HUD? UW says no, that makes it an investment prop...." MBS Live Chat - 2:25PM "Advancial will do it. Just looking to see if I can do better on the rate for him. He refers us a ton of business...." MBS Live Chat - 1:02PM "B-ish?..." MBS Live Chat - 1:02PM "Bish is fair. A- really, given the absence of concession, but rickster may see it more like B-/C+..." MBS Live Chat - 1:20PM "RTRS- OBAMA SAYS IN INTERVIEW WITH REAL ESTATE WEBSITE ZILLOW HE WANTS TO GET HOUSING REFORM MEASURES PASSED BY THE END OF THIS YEAR..." MBS Live Chat - 2:03PM "REPRICE : 2:03 PM - Provident Funding Better..." MBS Live Chat - 2:45PM "REPRICE : 2:45 PM - Plaza Better..." MBS Live Chat - 2:47PM "REPRICE : 2:47 PM - NYCB Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.47% -0.02 15 Yr FRM 3.66% -0.02 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.47% +0.00 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 4.39% 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 97.02 +0.31 30YR FNMA 3.5 100.89 +0.27 30YR GNMA 3.0 98.06 +0.28 30YR GNMA 3.5 102.00 +0.25 15YR FNMA 3.0 102.94 +0.20 15YR FNMA 2.5 99.94 +0.22 Treasuries Yield Change 2 YR 0.3055% -0.0039 5 YR 1.3701% -0.0179 10 YR 2.5986% -0.0416 30 YR 3.6844% -0.0397 Prices as of: 8/7/2013 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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