Daily Newsletter: Actually Mortgage Rates are Higher; Foreclosure Problems are Local; Fannie Increasingly Unburdening Taxpayers

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30 Year Fixed 4.38%   +0.05 15 Year Fixed 3.47%   +0.05 10YR Treasury 2.69%   +0.0238 FNMA 30YR 3.5 101.23   +0.03 FNMA 15YR 2.5 103.08   +0.06 View Today's Rates

Thursday October 10, 2013 Mortgage Rate Watch - 4:46PM Mortgage Rates are Actually Higher, Today and This Week Mortgage rates were noticeably higher today despite a late day rally that saw several lenders offer improved rate sheets. That means that this morning's rate were even higher, yet at ... MND NewsWire - 11:17AM Foreclosure Problems are Increasingly Local Foreclosure activity in September was up 2 percent from August, RealtyTrac said today, but the third quarter saw the lowest level of foreclosure related filings since the financial ... MND NewsWire - 1:47PM Fannie Shifts $5 bln in Taxpayer Risk to Newcomer NMI Fannie Mae checked off another box on the Federal Housing Finance Agencies 2013 Conservatorship Scorecard by recently signing an agreement for credit risk coverage for over $5 billion ... MND NewsWire - 1:52PM Five Large Lenders Fueled Golden Age of Multifamily Lending Lending for multifamily housing in buildings with five or more units increased by 33 percent in 2012 according to the Mortgage Bankers Association (MBA). The volume of new mortgages ... MBS RECAP: Bond Markets Bounce Back after 30yr Auction Stonegate, Freedom, and NMI in the Stock Market; CFPB Penalizes Two Lenders on HMDA Violations The Day Ahead: Bond Markets Struggling to Maintain Grip on Range Sunbelt States Buoy Builder Application Survey Latest Video Shutdown interfering with getting housing loans: Pro Debate it: Bull vs. bear on JPM & Wells Fargo Home of the future More News from 'Around the Web' WSJ - 5:38PM NY Fed: Dealers in September Had Anticipated a Start to Tapering Federal Reserve - 5:37PM Federal Reserve Board announces agreement in principle with SunTrust Banks, Inc. over $160 million in monetary sanctions for unsafe and unsound mortgage practices Washington Post - 4:34PM Wonkblog: The Republicans want to take away Treasury's 'extraordinary measures'. Wait, what? Google News - 4:31PM Mortgage Interest Deduction Must Be Saved WSJ - 3:32PM Don't Blame Housing Softness on Shutdown www.cfpbmonitor.com - 3:28PM CFPB responds to questions about data collection Washington Post - 3:11PM Wonkblog: The shutdown just saved the world CFPB - 2:39PM CFPB has answers to your financial questions CNBC - 2:07PM Stalemate is holding back homebuyers: Lennar CEO Fannie Mae - 1:42PM Fannie Mae's Multifamily MBS Issuance Hits $21.5 Billion through the Third Quarter The Atlantic - 1:40PM I Don't Know What Will Happen If We Default, and I Don't Want to Find Out Google News - 1:36PM Realtors® Warn Congress Default Could Have Severe Impact on Housing Market Market Watch - 1:36PM Treasurys cut losses after strong 30-year auction Bloomberg - 12:20PM Fed's Bullard Says QE Taper Less Likely This Month Amid Shutdown Reuters - 11:16AM As Fed chair, Yellen unlikely to let big banks off the hook NAHB - 10:49AM NAHB: New Book Simplifies the Home Maintenance Process CNBC - 10:30AM Boehner to ask House for short-term debt ceiling deal Fannie Mae - 10:29AM News Release - Fannie Mae Shares Credit Risk with National ... FHFA - 10:29AM Statement of Edward J. DeMarco on Fannie Mae Risk-Sharing Transaction CNBC - 10:15AM Boehner to ask House for short-term debt ceiling increase: AP Today's Comments MBS Live Chat - 1:53PM "where are our reprices?..." MBS Live Chat - 1:53PM "seeing .5% off pricing from yesterday..." MBS Live Chat - 2:02PM "one of my previous customers just let me know that when she called to set up automatic draft with her lender, they told her that if she needed to delay her Nov payment, because of the furlough, then they would work with her, she works for the govt, and receives VA disability and retirement..." MBS Live Chat - 2:04PM "work with her...huh. Wonder if she doesn't pay by the 15th if she is subject to the late fee..." MBS Live Chat - 2:12PM "just got this from 5th 3rd - Loans underwritten via FHLMC/LP for government employees, where a valid Verbal VOE cannot be obtained, WILL NOT be able to close without this documentation...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.38% +0.05 15 Yr FRM 3.47% +0.05 FHA 30 Year Fixed 4.05% +0.04 Jumbo 30 Year Fixed 4.37% +0.03 5/1 Yr ARM 3.11% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.42% 0.44 -0.07 15 Yr. Fixed 3.52% 0.34 -0.03 30 Yr. Jumbo 4.45% 0.21 -0.08 30 Yr. FHA 4.15% 0.37 -0.06 5/1 ARM 3.25% 0.29 -0.01 Freddie Mac ** 30 Yr. Fixed 4.23% 0.70 +0.01 15 Yr. Fixed 3.31% 0.70 +0.02 1 Yr. ARM 2.64% 0.40 +0.01 5/1 Yr. ARM 3.05% 0.40 +0.02 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 97.03 +0.14 30YR FNMA 3.5 101.23 +0.03 30YR GNMA 3.0 97.94 +0.13 30YR GNMA 3.5 102.23 +0.11 15YR FNMA 3.0 103.08 +0.06 15YR FNMA 2.5 99.98 0.00 Treasuries Yield Change 2 YR 0.3456% -0.0158 5 YR 1.4289% +0.0049 10 YR 2.6869% +0.0238 30 YR 3.7348% -0.0035 Prices as of: 10/10/2013 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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