Daily Newsletter: Volatility Returns to Mortgage Rates, Affordability Tumbles in California; 100 yrs of Fed Bond Buying

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30 Year Fixed 4.41%   -0.01 15 Year Fixed 3.62%   -0.01 10YR Treasury 2.62%   +0.0377 FNMA 30YR 3.5 100.72   -0.27 FNMA 15YR 2.5 102.84   -0.06 View Today's Rates

Monday August 12, 2013 Mortgage Rate Watch - 3:55PM Mortgage Rates Near Friday's Levels After Volatile Day Mortgage rates began the day in much better shape compared to Friday's latest offerings, but market volatility in the afternoon prompted most lenders to reprice. The net effect was ... MND NewsWire - 2:35PM Affordability Lowest Since 2008 in California The affordability of California homes is dropping rapidly as prices continue to soar and now higher interest rates are compounding the problem. The California Association of Realtors® ... MND NewsWire - 2:15PM 100 Years of Fed Bond Buying The Federal Reserve Bank of New York has taken on a laudable and possibly herculean task - trying to make its policies and operations understandable to everyday Americans. Last week ... MBS Commentary - 5:03PM MBS RECAP: Illiquidity Paves Way for Volatility MBS Live : MBS Afternoon Market Summary Illiquidity was especially evident in MBS today though was a problem for Treasuries at times as well. Bond markets operated in fits and starts ... CFPB goes after PNC; TARP Lawsuit; STRATMOR Survey on Response to Higher Rates The Week Ahead: More Meaningful Economic Data Do's and Don't's For a Smooth Mortgage Process: Part 9 Half-Time Report on HARP Largely Positive Eminent Domain Calls Down Thunder From FHFA New Home Sales Rise 14 percent BofA Legal Woes; Primer on Eminent Domain, Its Tax Consequences, and its Lawsuits Latest Video Mortgage insurers post profits Deficit drop & GDP Who will replace Bernanke? More News from 'Around the Web' WSJ - 4:31PM GDP Is, Like, Totally Overrated CNBC - 4:27PM Fed 'dove-nado' may prove more powerful than QE Reuters - 3:23PM U.S. posts $98 billion budget deficit in July Market Watch - 2:26PM U.S. July budget deficit $97.6 billion: Treasury WSJ - 2:25PM Why Home-Price Growth Will Slow CNBC - 2:20PM Private mortgage insurers back in black post crash House Financial Services - 2:19PM Chairman Hensarling Delivers Keynote Address on the PATH Forward for a Sustainable Housing Finance Policy WSJ - 1:18PM Which Release Does Goldman Say Is Best Indicator of Economic Strength? WSJ - 10:29AM Reading on Retail Sales Dominates Data This Week Market Watch - 8:33AM Treasury prices slip in tandem with German bunds CNBC - 8:31AM Investors see riches in luxury US homes economix.blogs.nytimes.com - 8:31AM Economix Blog: Moving Forward on Housing Reform Today's Comments MND NewsWire - 1:19AM "As rates rise, and the pool of available HARP borrowers drops with each closing, volume is bound to subside. Will be interesting to see if HARP 3 surfaces, allowing re_HARPs, and loans written after 5/31/2009 to be HARP eligible. Kind of curious that our leadership seems hell bend on eliminating Fan..." MBS Live Chat - 2:36PM "REPRICE : 2:36 PM - 360 Mortgage Worse..." MBS Live Chat - 2:31PM "REPRICE : 2:31 PM - Green Tree Worse..." MBS Live Chat - 2:30PM "REPRICE : 2:30 PM - PennyMac Worse..." MBS Live Chat - 2:27PM "REPRICE : 2:27 PM - Sun West Mortgage Worse..." MBS Live Chat - 2:23PM "REPRICE : 2:23 PM - AMX Worse..." MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - Wells Fargo Worse..." MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - USBank Worse..." MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Flagstar Worse..." MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Chase Worse..." MBS Live Chat - 2:20PM "REPRICE : 2:20 PM - Flagstar Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.41% -0.01 15 Yr FRM 3.62% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.45% -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 96.75 -0.36 30YR FNMA 3.5 100.72 -0.27 30YR GNMA 3.0 97.81 -0.41 30YR GNMA 3.5 101.91 -0.23 15YR FNMA 3.0 102.84 -0.06 15YR FNMA 2.5 99.86 -0.13 Treasuries Yield Change 2 YR 0.3099% +0.0041 5 YR 1.3831% +0.0293 10 YR 2.6179% +0.0377 30 YR 3.6829% +0.0467 Prices as of: 8/12/2013 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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