Daily Newsletter: Housing Positivity May be Plateauing; Mortgage Rates Much Lower; Lending Standards Tightening; Improving Markets List Grows (Maybe)

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30 Year Fixed 4.69%   -0.08 15 Year Fixed 3.77%   -0.07 10YR Treasury 2.91%   -0.0297 FNMA 30YR 3.5 99.14   +0.50 FNMA 15YR 2.5 101.61   +0.17 View Today's Rates

Monday September 9, 2013 MND NewsWire - 10:39AM Improving Housing Outlook May be Reaching Plateau Fannie Mae said today that results of its monthly National Housing Survey shows that Americans are aware of and following trends in the housing market. The outlook toward housing growth ... Mortgage Rate Watch - 5:06PM Mortgage Rates Continue Retreat from Last Week's Highs Mortgage rates continued lower today, further undoing much of the damage caused by last week's run to the highest levels in over 2 years. Friday's important Employment Situation Report ... MND NewsWire - 10:28AM Lending Standards Tighten Slightly as QM Planning Kicks in The Mortgage Bankers Association (MBA) reported the first drop in its new Mortgage Credit Availability Index (MCAI) since it became publicly available in June. The index for August ... MND NewsWire - 1:22PM Improving Markets List Hits New High, but There's a Catch The list of improving housing markets maintained by the National Association of Home Builders (NAHB) and First American Title Insurance Company appears to have broken out of its recent ... Stonegate Prepares for IPO; Changes in Texas Laws & LO Requirements; Compliance for Broker to Banker Freddie Mac's K-Deals; a Model for Secondary Market Reform? MBS RECAP: Uneventful but Positive to Begin the Week Are LOs Liable for Illegal Comp Plans? You Bet they Are!; Genworth's take on QM/QRM; Builders Tweak Financing Investor/All-Cash Purchases May Harm Housing Recovery Nevada City Rejects Eminent Domain Mortgage Plan Rising Prices Lifting all Boats but Millions still Submerged Latest Video FHA entering bailout territory Mortgage market & what's next Loan Size to Be Cut for Fannie, Freddie More News from 'Around the Web' CNBC - 5:30PM BofA to cut 2,100 jobs as loan demand weakens Reuters - 5:30PM Regulator eyes lower Fannie, Freddie loan limits to shrink government role WSJ - 3:31PM Americans' Credit-Card Debt Declines CNN - 3:27PM Fed official: Jobs report won't affect taper Washington Post - 3:19PM Why doesn't Fed policy pack more of a punch? Blame Grandpa. Market Watch - 3:19PM Consumer credit rises 4.4% in July www.aei.org - 3:16PM Road to FHA reform: Back to basics Reuters - 2:03PM JPMorgan expects loss from mortgage originations Bloomberg - 2:03PM Fed's Williams Says Data Signal Gradually Improving Job Market House Financial Services - 1:57PM Rep. Jeb Hensarling pushes housing reform center stage Reuters - 12:54PM Obama ramps up effort to convince Congress, public on Syria Reuters - 12:54PM U.N. floats plan to destroy Syrian chemical weapons stocks Reuters - 12:48PM Wells Fargo expects to make fewer U.S. home loans this quarter CNBC - 12:20PM Most homebuilders 'not investable' right now: Pros CNBC - 12:19PM Fed will get its inflation; here's who will pay Bloomberg - 10:54AM Hovnanian Reports Profit as Home Prices, Sales Increase - Bloomberg Bloomberg - 10:54AM Wells Fargo Says Rising Rates Won't Snuff Out Housing Recovery - Bloomberg Market Watch - 10:54AM Wells Fargo expects drop in mortgage originations CNBC - 10:53AM Fannie, Freddie making billions-why shut them down? Washington Post - 10:12AM Buying a house is harder than it's been in five years. Today's Comments MBS Live Chat - 11:44AM "RTRS- WILLIAMS: BERNANKE'S REMARKS ON TAPERING IN JUNE DEFLATED AN EMERGING BUBBLE IN THE BOND MARKET..." MBS Live Chat - 11:44AM "RTRS- WILLIAMS: NOT TOO CONCERNED THAT HIGHER MORTGAGE RATES WILL DAMPEN HOUSING RECOVERING, RATES STILL LOW..." MBS Live Chat - 11:45AM "tell that to my clients Williams..." MBS Live Chat - 11:46AM "I think that worse than increasing rates is the over constriction of guidelines right now. It is ridiculous these days to get a loan done...." MBS Live Chat - 11:47AM "I saw an article talking about how mortgages are costing more and that the brokers/LOs are to blame, to that I say that we are only charging incrementally more for what is exponentially more work...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.69% -0.08 15 Yr FRM 3.77% -0.07 FHA 30 Year Fixed 4.38% -0.12 Jumbo 30 Year Fixed 4.70% -0.05 5/1 Yr ARM 3.18% -0.01 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 4.73% 0.33 -0.07 15 Yr. Fixed 3.75% 0.30 -0.09 30 Yr. Jumbo 4.71% 0.25 -0.07 30 Yr. FHA 4.48% 0.30 -0.04 5/1 ARM 3.49% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 4.57% 0.70 +0.06 15 Yr. Fixed 3.59% 0.70 +0.05 1 Yr. ARM 2.71% 0.50 +0.07 5/1 Yr. ARM 3.28% 0.50 +0.04 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 94.66 +0.36 30YR FNMA 3.5 99.14 +0.50 30YR GNMA 3.0 95.44 +0.38 30YR GNMA 3.5 99.98 +0.53 15YR FNMA 3.0 101.61 +0.17 15YR FNMA 2.5 98.33 +0.19 Treasuries Yield Change 2 YR 0.4427% -0.0198 5 YR 1.7139% -0.0496 10 YR 2.9101% -0.0297 30 YR 3.8503% -0.0218 Prices as of: 9/9/2013 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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