Daily Newsletter: How Has DC Shutdown Really Affected The Mortgage Market?; Flying Blind Without Economic Data; Rates Paralyzed

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30 Year Fixed 4.30%   +0.02 15 Year Fixed 3.42%   +0.02 10YR Treasury 2.65%   +0.0401 FNMA 30YR 3.5 101.77   -0.20 FNMA 15YR 2.5 103.39   -0.14 View Today's Rates

Friday October 4, 2013 MND NewsWire - 4:14PM How Has DC Shutdown Really Affected The Mortgage Market? Lenders have had three days to digest Tuesday's partial Federal government shutdown, and while loan processing has been affected, the impact has not been as severe as originators feared ... Mortgage Rate Watch - 5:13PM Mortgage Rates Modestly Higher as Paralysis Continues Mortgage rates were slightly higher today, but remained well within the extremely narrow range that dominated the week. Conforming, 30yr fixed best-execution remains at 4.25% with the ... MND NewsWire - 9:53AM Market Participants Flying Blind Without Economic Data The federal payroll report (Employment Situation or "NFP"), eagerly awaited on the first Friday of each month, will not be available today or for the foreseeable future. The Bureau ... Pipeline Press - 10:26AM Lawsuit Settlement Report; More Shutdown Chatter; 4506-T Confusion According to a release from Citi, the bank will pay Freddie Mac $395 million, all of which is covered by its existing mortgage repurchase reserves as of the end of Q2. The agreement ... MBS RECAP: Unsurprisingly Ending The Week at Average Price The Day Ahead: Not Much of a Day Without Nonfarm Payrolls Simply the Threat of US Default can Hurt Economy If Prolonged, Shutdown Will Increasingly Hurt Mortgages, Housing, and Economy - MBA's Stevens If Policymakers "Get it together" Housing Picture Looks Bright Vampires and Monsters and Zombies, Oh My Confusion over 4506-T and The Shutdown - Lenders & Aggregator's Various Policies Freddie Mac to recover $1.3 billion from Wells, Citi, and Suntrust Shutdown Chatter; Maxine Waters Outraged by Her Own Flood Insurance Bill; M&A Activity Latest Video Yellen a bubble maker? CNBC's 'no jobs report' report Boehner can't take 'yes' for an answer More News from 'Around the Web' WSJ - 5:08PM Fed's Lacker: Unknown Whether Shutdown Would Delay Decision on Bond Buying www.npr.org - 5:08PM The 'Faux Friday' Jobs Report: What Economists Can Guesstimate Reuters - 4:35PM Debt ceiling worries spill into U.S. options market WSJ - 2:39PM No Way Out of Recession Sparked by Failure to Raise Debt Ceiling www.gallup.com - 2:39PM Economic Confidence Plummets as Gov't Shutdown Begins www.aei-ideas.org - 2:21PM Is Obamacare causing a boom in part-time jobs? Probably not Reuters - 2:06PM Fed's Kocherlakota: do 'whatever it takes' to spur U.S. hiring Bloomberg - 2:05PM Fed's Kocherlakota Says QE Buffers Against Impact From Shutdown - Bloomberg CNBC - 2:04PM Shutdown forces workers to sell stuff Washington Post - 1:05PM Absolutely everything you need to know about the debt ceiling CNBC - 1:03PM Fed decision on bond buys a 'close call' Market Watch - 1:03PM Slide Show: Fed speakers suggest Octaper is remote Reuters - 1:03PM Lacker says Fed can't counter U.S. fiscal uncertainty Market Watch - 11:58AM Build and buy a house with a single loan CNBC - 11:54AM Boehner: 'This isn't some damn game' CNBC - 11:54AM Berlusconi faces political expulsion Bloomberg - 11:45AM Goldman-Backed Essent Adds Wells Fargo as IPO Underwriter - Bloomberg CNBC - 11:44AM Reasons for optimism, and fear, in budget battle WSJ - 10:02AM How Bernanke Built a Metal Mountain www.aei-ideas.org - 9:59AM 10 reasons why a grand budget bargain is a total fantasy right now Today's Comments MBS Live Chat - 1:30PM "2nd try" anyone have any luck with FHA Back to Work - who is taking them?..." MBS Live Chat - 1:31PM "you probably won't find too many people that have done them yet, as the borrower has to do a home counseling at least 30 days prior to app, and think most of just got wind of this in the first part of Sept..." MBS Live Chat - 1:32PM "sure but cant find an inv who will offer them as of right now..." MBS Live Chat - 1:33PM "we are. I think Pinnacle is..." MND NewsWire - 4:19PM "Well done, Ted. In anticipation of the shutdown, hopefully most loans in process had 4506-T and SSA forms executed with the IRS and Social Security Administration, respectively. USDA loans are the biggie here, with employees furloughed immediately and offices shuttered...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.30% +0.02 15 Yr FRM 3.42% +0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.33% +0.01 5/1 Yr ARM 3.12% +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 4.49% 0.34 -0.13 15 Yr. Fixed 3.55% 0.33 -0.13 30 Yr. Jumbo 4.53% 0.22 -0.13 30 Yr. FHA 4.21% 0.35 -0.11 5/1 ARM 3.26% 0.28 -0.13 Freddie Mac ** 30 Yr. Fixed 4.22% 0.70 -0.10 15 Yr. Fixed 3.29% 0.70 -0.08 1 Yr. ARM 2.63% 0.40 +0.00 5/1 Yr. ARM 3.03% 0.60 -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 97.47 -0.34 30YR FNMA 3.5 101.77 -0.20 30YR GNMA 3.0 98.28 -0.33 30YR GNMA 3.5 102.58 -0.20 15YR FNMA 3.0 103.39 -0.14 15YR FNMA 2.5 100.38 -0.19 Treasuries Yield Change 2 YR 0.3332% +0.0162 5 YR 1.4108% +0.0504 10 YR 2.6465% +0.0401 30 YR 3.7206% +0.0141 Prices as of: 10/4/2013 4:30PM 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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