Daily Newsletter: Applications for New Homes Plummet; Voters Want More Regulation; House Committee Grills CFPB; Rates Risks Ahead

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30 Year Fixed 4.68%   -0.01 15 Year Fixed 3.76%   -0.01 10YR Treasury 2.91%   +0.0001 FNMA 30YR 3.5 98.72   -0.02 FNMA 15YR 2.5 101.41   -0.03 View Today's Rates

Thursday September 12, 2013 MND NewsWire - 2:38PM New Home Mortgage Applications Plummet in August The Mortgage Bankers Association (MBA) said that applications for mortgages to purchase new homes dropped 14 percent in August to a seasonally adjusted annual rate of 424,000 units ... Mortgage Rate Watch - 5:08PM Mortgage Rates Flat Today; Risk Increases From Here Mortgage rates held almost perfectly flat today, after starting the day in stronger territory and losing ground in the afternoon. As such, Conforming, 30yr Fixed scenarios remained ... MND NewsWire - 10:25AM Voters Overwhelmingly Support Increased Mortgage Industry Regulation The Dodd-Frank Wall Street Reform and Consumer Protection Act and the Consumer Financial Protection Bureau (CFPB) which it created appear to be a lot more popular with voters than some ... MND NewsWire - 2:46PM FSC Chair Asks "Who Will Protect Consumers From the CFPB?" The Director of the Consumer Financial Protection Bureau (CFPB) finally got to present the Bureau's third Semi-Annual Report to the House Financial Services Committee (FSC) today, five ... Even the Big Boys are Supposedly Easing Lending Standards; Sterling / Umpqua Merger; Citi Layoffs MBS RECAP: Strong Start, but Weaker After Auction Foreclosure Activity Becoming Increasingly Local Cordray: CFPB Listened and Adapted QM Accordingly Richmond Moves Forward on Eminent Domain Latest Video Inside a new homebuyer's mind Robert Shiller: Tapering won't kill housing The home of the future More News from 'Around the Web' Bloomberg - 5:48PM Wells Fargo Said to Be Selling Mortgage Servicing Rights - Bloomberg Bloomberg - 4:55PM Ranieri's Shellpoint Plans Second Sale of Jumbo-Mortgage Bonds - Bloomberg Reuters - 3:45PM SEC Chair calls for kill switch, other reforms for exchanges Bloomberg - 2:53PM BlackRock Bid to Block Richmond Plan Seen Premature - Bloomberg The Huffington Post - 2:52PM Mortgage Rates Are Rising. But When Will It <i>Actually</i> Hurt Real Estate? Reuters - 2:51PM Top senators aim for deal on Fannie, Freddie reform by year-end DataQuick - 2:01PM August Southland Home Sale Press Release www.americanprogress.org - 1:35PM Essential Elements of Housing Finance Reform CNBC - 1:34PM Still opportunity in mortgages: Top hedge fund www.npr.org - 12:25PM Losing Home Over $200? Tax Lien Fallout Bloomberg - 12:10PM Housing-Finance Plan Pushed for U.S. Senate Panel Vote This Year - Bloomberg www.npr.org - 12:04PM SIFMA AMG's Cameron on Richmond CA's Vote on Eminent Domain Google News - 12:04PM Realtors® Applaud Senate Hearings on Housing Finance Reform CNBC - 12:03PM By your next house from a warehouse House Financial Services - 12:02PM CFPB Promises Answers, Fails to Deliver freddiemac.mwnewsroom.com - 10:07AM Freddie Mac: Mortgage Rates Hold Steady House Financial Services - 10:07AM Chairman Hensarling Opening Statement at Hearing on CFPB Semi-Annual Report Washington Post - 10:03AM This is a complete list of Wall Street CEOs prosecuted for their role in the financial crisis CNBC - 10:03AM Five years after Lehman, risk moves into shadows Today's Comments MND NewsWire - 1:15AM "Lenders and servicers watching this debate with ample interest. I second Tobby's comments on borrowers facing far fewer (and more expensive) financing options if future lenders have to worry about preemptive and probably illegal seizure of mortgages in the interests of "municipal stability." Why would..." MND NewsWire - 10:49AM "CRL long been a bastion of liberal politics, not surprising to me their poll shows consumer confidence in more government control and stricter lender oversight...." MND NewsWire - 11:06AM "Consumers voting for more regulation don't understand what it means until they apply for credit and no longer qualify for what they used to because of new regulations. Then they are angry...." MND NewsWire - 12:18PM "Note to consumers: Be careful what you wish for........" MND NewsWire - 2:44PM "Agree with Joe..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.68% -0.01 15 Yr FRM 3.76% -0.01 FHA 30 Year Fixed 4.35% +0.00 Jumbo 30 Year Fixed 4.69% +0.00 5/1 Yr ARM 3.14% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.44% 0.85 +0.40 30 Yr. Fixed 4.27% 1.09 +0.51 MBA ** 30 Yr. Fixed 4.80% 0.46 +0.07 15 Yr. Fixed 3.83% 0.42 +0.08 30 Yr. Jumbo 4.84% 0.41 +0.13 30 Yr. FHA 4.56% 0.28 +0.08 5/1 ARM 3.59% 0.43 +0.10 Freddie Mac ** 30 Yr. Fixed 4.57% 0.80 +0.00 15 Yr. Fixed 3.59% 0.70 +0.00 1 Yr. ARM 2.67% 0.40 -0.04 5/1 Yr. ARM 3.22% 0.50 -0.06 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 94.36 +0.03 30YR FNMA 3.5 98.72 -0.02 30YR GNMA 3.0 95.08 +0.03 30YR GNMA 3.5 99.66 -0.05 15YR FNMA 3.0 101.41 -0.03 15YR FNMA 2.5 98.13 +0.02 Treasuries Yield Change 2 YR 0.4430% -0.0039 5 YR 1.7093% +0.0051 10 YR 2.9104% +0.0001 30 YR 3.8539% +0.0063 Prices as of: 9/12/2013 4:30PM 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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