Daily Newsletter: Mortgage Rates at Month's Best Levels; Sales Slide in California

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30 Year Fixed 4.59%   -0.05 15 Year Fixed 3.69%   -0.05 10YR Treasury 2.87%   -0.0185 FNMA 30YR 3.5 99.19   +0.27 FNMA 15YR 2.5 101.83   +0.28 View Today's Rates

Monday September 16, 2013 Mortgage Rate Watch - 6:16PM Mortgage Rates at Month's Best Levels Mortgage rates improved again today, bringing them to their best levels of month, just on par with rate sheets from late August. Conforming, 30yr Fixed rates held at 4.625% in some ... MND NewsWire - 9:34AM Huge Reversal in California's Sales; Prices Slip Between a slight decrease this month and a massive negative revision to the previous month, the California real estate market turned on a dime according to San Diego based DataQuick ... Pipeline Press - 10:24AM CFPB Unleashes Amendments to ECOA, RESPA, and TILA; is The FHA Doing Better or Isn't it? Friday I had a blurb in the commentary about using income generated from growing marijuana in underwriting a loan. I received this note: "Regarding income from pot growers, if you have ... MND NewsWire - 2:45PM California Realtors Confirm Sales Downturn, but Silver Lining is 'Attached' Monthly sales figures from the California Association of Realtors® (C.A.R.) confirm indications from DataQuick data posted earlier today that the real estate market in American ... MBS RECAP: Positive Snowball Rolls Rates Lower; Mostly Melted Now The Week Ahead: Guaranteed to be Interesting CFPB Finalizes Mortgage Rule Changes Announced in June Senate Witnesses Agree on Vital Components for Mortgage Reform Treasury's Gift on 5-Yr Anniversary of Mortgage Meltdown: Nifty Charts Mortgage Lending Faces Big Risks From 2nd Liens, Delinquencies, and Higher Rates Latest Video 'Probable' Fed will taper this week: El-Erian Debating Dodd-Frank 5-years after Lehman's collapse Survey: Markets expected Summers but wanted Yellen More News from 'Around the Web' www.whitehouse.gov - 6:52PM Remarks by the President at the Five-Year Anniversary of the Financial Crisis CNBC - 6:52PM Despite 'Summers rally,' pros brace for volatility Reuters - 6:52PM Yellen frontrunner for Fed chair after Summers withdraws: sources Bloomberg - 6:51PM JPMorgan Says Stress Test Shows Lender Can Survive Severe Shock - Bloomberg Bloomberg - 6:51PM Wells Fargo Provisions Top Losses by $19 Billion in Stress Test - Bloomberg www.heraldtribune.com - 6:50PM Jump in Flood Insurance Rates Could Have Ripple Effect CNBC - 4:00PM Don't blame the big banks, say Dodd-Frank authors House Financial Services - 3:59PM Chairman Hensarling: Real Solution to Financial Crisis Requires Sustainable Housing Finance Reform www.npr.org - 2:58PM With Summers Out, Will Obama Turn To Yellen For Fed Post? CNBC - 2:57PM Obama's move to pack Fed may have snag Washington Post - 2:21PM How Don Kohn, possible Fed chair, is thinking about financial regulation Google News - 2:20PM Realtors® Respond to President Obama's Speech on Fifth Anniversary of Financial Crisis S&P/Case Shiller - 1:02PM Mortgage Refinance Activity Drops www.nytimes.com - 12:27PM Obama to Release Report on Response to Financial Crisis Reuters - 12:26PM Traders bet on later Fed rate hike with Summers out of picture webfeeds.brookings.edu - 12:16PM How to Create Another Housing Crisis Bloomberg - 10:46AM Citigroup Capital Ratios to Surpass Minimums Under Bank-Run Test Washington Post - 10:30AM Markets are thrilled Larry Summers won't be Fed chair CNBC - 9:42AM Dow soars 150 at open as Summers bows out of Fed race, S&P tops 1700 Bloomberg - 9:04AM Mortgage Bonds Imperiled by $17 Billion of Sales Today's Comments MND NewsWire - 10:13AM "Nifty charts indeed. Interesting that the OMB says TARP housing programs incurred a loss of 38B, but the always reliable CBO claims it was only 16B. Would think they MIGHT be able to come a little closer than a $22,000,000,000 difference!..." MBS Live Chat - 3:45PM "Fed has been wrong on economic forecasts for as long as I can remember. Why would it change now?..." MBS Live Chat - 3:51PM "This is why volatility has been with us for so long and will continue to be with us. They say they will act based on economic data but their forecasting never meets reality creating a reactionary Fed always behind the curve...." MBS Live Chat - 3:51PM "from wsj arrticle "Fed officials and most private economists thought inflation would be stronger this year. That it hasn't presents something of a mystery, given the overall economy has performed broadly in line with forecasts."..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.59% -0.05 15 Yr FRM 3.69% -0.05 FHA 30 Year Fixed 4.25% -0.06 Jumbo 30 Year Fixed 4.61% -0.04 5/1 Yr ARM 3.11% -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 94.83 +0.31 30YR FNMA 3.5 99.19 +0.27 30YR GNMA 3.0 95.53 +0.36 30YR GNMA 3.5 100.16 +0.30 15YR FNMA 3.0 101.83 +0.28 15YR FNMA 2.5 98.50 +0.27 Treasuries Yield Change 2 YR 0.3991% -0.0361 5 YR 1.6351% -0.0645 10 YR 2.8717% -0.0185 30 YR 3.8713% +0.0328 Prices as of: 9/16/2013 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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