Daily Newsletter: Mortgage Rates Steady at 6-Week Lows; NAR Critical of Rumored Loan Limit Changes; NMLS Licenses Decline

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30 Year Fixed 4.45%   +0.00 15 Year Fixed 3.56%   +0.01 10YR Treasury 2.73%   -0.0164 FNMA 30YR 3.5 100.64   -0.03 FNMA 15YR 2.5 102.64   -0.06 View Today's Rates

Friday September 20, 2013 Mortgage Rate Watch - 3:45PM Mortgage Rates Steady at 6-Week Lows Mortgage rates held steady today, keeping them in line with the lowest levels seen since early August, and very close to the lowest levels since mid-June. There were no significant ... MND NewsWire - 1:59PM NAR Objects to DeMarco's Rumored Loan Limit Changes The National Association of Realtors ® (NAR) sent a strongly worded letter to Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency yesterday, directed at several ... MND NewsWire - 1:37PM Licenses Decline for both State and Federally Regulated Mortgages Companies The number of companies licensed through the National Mortgage Licensing System (NMLS) declined by 2.1 percent from the second quarter of 2012 to the second quarter of 2013 while the ... Pipeline Press - 10:18AM Wells Production Layoffs; PennyMac Non-Agency Deal; Non-QM Developments; MBa is Tough to Type Whereas the National Association of Realtors has managed to have everyone capitalize the job of their members (Realtor), the MBA (which years ago was the MBAA) took one of their capitalized ... MBS RECAP: Second Day of Post-FOMC Consolidation FHFA Credits "Market Drivers" for GSE Earnings The Day Ahead: Bond Bulls Muster At The Gate Debate over Mortgage Interest Deduction, Government Role in Housing CPFB Provides Key to Using HMDA Data Highest Home Sales Since 2005 May be Temporary Peak More on QM & Non-QM Production Possibilities; Cortland Leaving Wholesale and Other Bank M&A News Latest Video Fed's taper decision a close call: Bullard Santelli tracks Treasury yields Fed's George: Disappointed by Fed decision not to taper More News from 'Around the Web' The Atlantic - 4:30PM The States That Have Already Recovered from the Great Recession—and the States That Won't Until 2018 Reuters - 4:28PM Fed officials criticize, explain taper delay Reuters - 4:28PM Lawsuit accuses JPMorgan of exposing Social Security numbers Reuters - 4:26PM Fed's communication branded 'unclear' by economists www.aei.org - 4:25PM FHA Watch, September 2013 (Vol. 2, No. 9) CNBC - 4:20PM Next up for JPMorgan: A fight with the CFTC Reuters - 3:13PM Mortgage industry challenges regulator on U.S. loan limits CNBC - 3:05PM Mortgage rise hits refis, not home sales: BofA CEO CNBC - 3:05PM Fed hawk says the central bank confused the market Fannie Mae - 3:00PM Fannie Mae Prices $1.09 Billion Multifamily DUS REMIC (FNA 2013-M12) Under Its Fannie Mae GeMS Program Washington Post - 1:14PM Fed officials have been all over the map on ending QE Market Watch - 1:13PM Fed's George: Delaying raises credibility issues WSJ - 12:02PM Fed's Bullard: Small Taper Possible in October Bloomberg - 11:59AM El-Erian Says Fed-Induced Market Volatility Is Bad for Economy - Bloomberg CNBC - 11:59AM House passes bill to kill Obamacare Reuters - 11:58AM Fed could taper in October, depending on data: Bullard The Huffington Post - 11:58AM Don't Be Fooled: This Year's Debt Limit Fight Is Frighteningly Different WSJ - 11:56AM What Rising Interest Rates Mean for Home Prices The Big Picture - 11:56AM Buffett: Federal Reserve Is Greatest Hedge Fund in History The Huffington Post - 11:56AM How Mom and Pop Real Estate Investors Can Compete With the Wall Street Big Boys Today's Comments MBS Live Chat - 12:40PM "The deed of trust states they will occupy for 12 months...." MBS Live Chat - 12:40PM "I've had issues before in that exact same situation. Had to refi his current primary into an investment..." MBS Live Chat - 12:41PM "i've had same where UW never asked to confirm the type of financing on prev refi so no problems..." MBS Live Chat - 12:41PM "UNLESS - you did the loan 3 months ago and your not a broker..." MBS Live Chat - 12:44PM "RTRS- FED'S GEORGE: REDUCING QE WOULD HAVE ALLOWED MARKETS TO ADJUST GRADUALLY; FED CREDIBILITY NOW AT RISK..." MBS Live Chat - 12:45PM "I agree with her and Fink, Fed had "free pass" to taper at least a little bit...." MBS Live Chat - 12:45PM "and the market reaction would have been the same, or close to it...." MBS Live Chat - 12:45PM "yup, i think most agree with George, most on the street at least..." MBS Live Chat - 12:55PM "RTRS - REUTERS POLL-U.S. FEDERAL RESERVE TO TAPER MONTHLY BOND PURCHASES IN DECEMBER, SAY 42 OF 61 ECONOMISTS..." MBS Live Chat - 12:55PM "RTRS- REUTERS POLL-U.S. FEDERAL RESERVE WILL BEGIN TRIMMING MONTHLY BOND BUYS BY $15 BILLION, SAY ECONOMISTS..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.45% +0.00 15 Yr FRM 3.56% +0.01 FHA 30 Year Fixed 4.18% -0.02 Jumbo 30 Year Fixed 4.43% -0.01 5/1 Yr ARM 3.16% +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 4.75% 0.39 -0.05 15 Yr. Fixed 3.81% 0.34 -0.02 30 Yr. Jumbo 4.83% 0.33 -0.01 30 Yr. FHA 4.50% 0.41 -0.06 5/1 ARM 3.54% 0.43 -0.05 Freddie Mac ** 30 Yr. Fixed 4.50% 0.70 -0.07 15 Yr. Fixed 3.54% 0.70 -0.05 1 Yr. ARM 2.65% 0.40 -0.02 5/1 Yr. ARM 3.11% 0.50 -0.11 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 96.39 -0.05 30YR FNMA 3.5 100.64 -0.03 30YR GNMA 3.0 97.20 -0.17 30YR GNMA 3.5 101.73 -0.09 15YR FNMA 3.0 102.64 -0.06 15YR FNMA 2.5 99.58 +0.02 Treasuries Yield Change 2 YR 0.3345% -0.0002 5 YR 1.4785% -0.0034 10 YR 2.7337% -0.0164 30 YR 3.7622% -0.0358 Prices as of: 9/20/2013 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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