Daily Newsletter: Rates at 6-Week Lows; Pending Sales May Be Turning; CFPB's Possible Ulterior Motive; Home Prices Less Than 15 Percent From 2006 Peak

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30 Year Fixed 4.42%   -0.03 15 Year Fixed 3.53%   -0.03 10YR Treasury 2.70%   -0.0329 FNMA 30YR 3.5 101.02   +0.38 FNMA 15YR 2.5 102.97   +0.33 View Today's Rates

Monday September 23, 2013 Mortgage Rate Watch - 5:14PM Mortgage Rates Push Further Into 6-Week Lows Mortgage rates continued lower today, bringing rates in line with the lowest levels seen during the past 4 months (officially, 6-week lows as several days have been slightly better ... MND NewsWire - 5:03PM Pending Sales: Another Indication of Cooling California Boom Like closed sales which were reported last week, pending real estate sales in California dropped in August while distressed home sales were down to levels last seen six years ago the ... MND NewsWire - 4:17PM Possible Ulterior Motive Behind New CFPB HMDA Tool A national law firm which frequently analyzes actions either coming from or having an impact on the Consumer Financial Protection Agency raised questions today about one of the Bureau ... MND NewsWire - 2:15PM Home Prices Less Than 15 Percent Away From 2006 Peak Lender Processing Services (LPS) Home Price Index (HPI) rose 0.6 percent in July compared to June. The index has increased 7.5 percent since the end of 2012 and is 8.7 percent higher ... HARP is a "No Brainer" -FHFA State & Investor Updates; Nationstar 'Growing Pains'; Are Gift Cards a RESPA Violation? MBS RECAP: Late-Day Strength Prompts Several Positive Reprices The Week Ahead: Housing Data, GDP, Auctions, and Fed Speakers Galore Internet Lenders Advertising; QM & Rural Development; Farmers & FinCEN; Investor Updates NAR Objects to DeMarco's Rumored Loan Limit Changes FHFA Credits "Market Drivers" for GSE Earnings Licenses Decline for both State and Federally Regulated Mortgages Companies Latest Video Real estate crowdfunding The White House's next move Fed's Dudley's two tests for tapering More News from 'Around the Web' Reuters - 5:18PM Citigroup to cut 1,000 mortgage jobs, mostly in Las Vegas WSJ - 4:44PM How Do You Say 'Fixed-Rate, Full-Allotment Overnight Reverse Repo Facility' in English? blog.hud.gov - 4:42PM The Why of the What We Do Reuters - 4:42PM Fed's Fisher urged trimming $10 billion in Treasuries buying content.govdelivery.com - 3:02PM Remarks by FDIC Chairman Gruenberg to the Third Annual American Banker Regulatory Symposium huizenga.house.gov - 2:59PM Huizenga Talks PATH Act, Consumer Mortgage Choice Act In Financial Services Sunday Video Message CNBC - 2:58PM Long-feared mortgage meltdown is here Reuters - 2:57PM Bank of America goes to trial over U.S. mortgage fraud charges Reuters - 1:45PM Exclusive - Oaktree group to sell U.S. foreclosed homes: sources www.lpsvcs.com - 1:11PM LPS Home Price Index Report: July 2013 Transactions Reuters - 1:01PM Fed to push hard now; can step back later this year: Dudley Washington Post - 12:54PM Why are 47 million Americans on food stamps? It's the recession, mostly. www.cfpbmonitor.com - 12:40PM Use of HMDA data may lead to increase in enforcement actions and litigation Bloomberg - 11:37AM Mortgage Bonds Boost Risk With Pre-Crisis Features, Moody's Says WSJ - 11:18AM Rethinking Fannie, Freddie---and the 30-Year Mortgage CNBC - 11:15AM Real estate's new frontier: Crowdfunding FHFA - 11:14AM FHFA Launches National Education Campaign to Reach Homeowners Eligible for Mortgage Refinance under HARP WSJ - 10:32AM Yellen Would Bring Tougher Tone to Fed - Wall Street Journal Washington Post - 10:31AM Shutdown countdown: What the next eight days could bring CNN - 10:31AM Fed's Dudley: Economy still too weak to taper Today's Comments Pipeline Press - 11:35AM "Hi Rob, I noticed the pricing discrepancy you mentioned as well. Bankrate and Informa RS rate tables had the same issue. I think what some lenders are doing is setting their 'margin' to '0' on the rate tables in order to boost their traffic. Seems to me like a variation of bait and switch. Unless of..." Pipeline Press - 11:57AM "Another thing that I have noticed on Bankrate are the APR's on FHA loans. Unless I'm missing something, it's not possible to have the same Note rate and APR due to the upfront MIP and life-of-loan MI. In the fine print it states that the payments are P&I only and don't take into account the taxes and..." MBS Live Chat - 2:28PM "3.5 is valid as well. I'll probably change it if we hold ground tomorrow. 3.5 is definitely affecting sheets..." MBS Live Chat - 2:29PM "i'd like to see 101 held before you shift coupons, personally..." MBS Live Chat - 2:48PM "Anyone have any updates from Kroll? What's been the turnaround times since the floods started out there?..." MBS Live Chat - 3:15PM "kroll is back up jeff..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.42% -0.03 15 Yr FRM 3.53% -0.03 FHA 30 Year Fixed 4.14% -0.04 Jumbo 30 Year Fixed 4.40% -0.03 5/1 Yr ARM 3.12% -0.04 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 96.78 +0.39 30YR FNMA 3.5 101.02 +0.38 30YR GNMA 3.0 97.58 +0.38 30YR GNMA 3.5 102.03 +0.30 15YR FNMA 3.0 102.97 +0.33 15YR FNMA 2.5 99.73 +0.16 Treasuries Yield Change 2 YR 0.3344% -0.0001 5 YR 1.4489% -0.0296 10 YR 2.7008% -0.0329 30 YR 3.7277% -0.0345 Prices as of: 9/23/2013 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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