Daily Newsletter: Mortgage Rates React to Debt Deal; Builders and Buyers Taking a Breather; Home Price Gains Moderating

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30 Year Fixed 4.39%   -0.03 15 Year Fixed 3.48%   -0.03 10YR Treasury 2.67%   -0.0588 FNMA 30YR 3.5 101.36   +0.47 FNMA 15YR 2.5 103.19   +0.31 View Today's Rates

Wednesday October 16, 2013 Mortgage Rate Watch - 5:03PM Mortgage Rates React to Debt Deal Mortgage rates fell today, recovering yesterday's losses on average. Some lenders' rate sheets were just slightly better or worse than yesterday's latest, but nearly every lender had ... MND NewsWire - 2:13PM Builders and Consumers Take a Breather Amid Shutdown With the Census Bureau, like the rest of the government, shut down and unable to release its usual economic data the National Association of Home Builders (NAHB) is attempting to fill ... MND NewsWire - 1:59PM Home Prices Reach 2009 Levels, Gains Moderating With the FNC Residential Price Index TM (RPI) levels for August home prices have climbed back to December 2009 levels. But the index, while it rose 0.6 percent from the July level, ... MBS Commentary - 4:37PM MBS RECAP: 2 Days of Debt Deals, 2 Different Reactions from Bonds... Why? MBS Live : MBS Afternoon Market Summary Somehow, the same debt deal (or similar anyway) that caused problems for bond markets yesterday, ended up being the leading suspect behind a ... Seasonal Sales Dip More Than Usual in Southern California HOPE NOW Retention Actions Exceed Foreclosures by 25 percent Fannie Mae will soon Finalize First Risk-Sharing Deal Lawsuits from NAIHP, NCUA, New York; Agency & Investor Updates Purchase Applications Suffer During Shutdown; Rate Reprieve Helps Refis The Day Ahead: Fiscal Headlines vs Beige Book Latest Video Bill Gross: Treasurys & kicking the can BlackRock's Fink: Q4 could be weak Sen. Reid: We have a deal More News from 'Around the Web' www.gallup.com - 4:45PM Americans Expect Economic Crisis if Debt Deal Not Reached CNBC - 4:39PM Short-term debt deal bad in long run: Pros Realtor.Org - 3:48PM No Federal Guarantee, No 30-Year Mortgage Reuters - 3:29PM Bernanke does not have to testify in AIG bailout lawsuit: ruling www.aei-ideas.org - 2:37PM Why the US job market might (finally) be gaining momentum DataQuick - 2:12PM DataQuick: September Southland Home Sales Report Reuters - 2:11PM U.S. prosecutors grill ex-Countrywide exec in BofA mortgage trial CNBC - 2:10PM Fed's Beige Book: US economy expands at modest to moderate pace CNBC - 2:10PM Wall Street not listening to Washington anymore Bloomberg - 1:04PM Credit Swaps in U.S. Hit Five-Month Low on Plan to End Impasse - Bloomberg Market Watch - 1:00PM T-bill auction improves with debt deal in sight Bloomberg - 12:58PM Shiller's Lesson: Housing Was Never a Great Investment - Bloomberg Washington Post - 12:17PM Wonkblog: If Ted Cruz didn't exist, Democrats would have to invent him CNBC - 12:01PM How D.C. mess could curb commercial real estate Washington Post - 11:19AM Schumer: Senators 'real close' to bipartisan agreement to end shutdown, debt crisis phx.corporate-ir.net - 11:06AM MGIC Investment Corporation Reports Third Quarter 2013 Results Federal Reserve - 11:05AM Regulators release amended consent orders for EverBank CNBC - 11:04AM Paris landlords take 'micro-apartments' to extreme NAHB - 10:40AM Builder Confidence Down in October; NAHB Estimates Sept. Housing Starts will Approach 900,000 Units Bloomberg - 10:40AM Boehner Will Accept Senate Fiscal Deal, Brady Says - Bloomberg Today's Comments MBS Live Chat - 2:02PM "Wait a minute, I thought shutdown brought economy to a screeching halt! Heard that from all the pundits...." MBS Live Chat - 2:05PM "mbs/tsy movement is confusing me..." MBS Live Chat - 2:06PM "does this move imply that a deal is actually good for us?..." MBS Live Chat - 2:06PM "would you have bought bonds in the past 3 weeks Sung?..." MBS Live Chat - 2:08PM "Given the situation, wouldn't MBS be "safer" than TSY with the default looming?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.39% -0.03 15 Yr FRM 3.48% -0.03 FHA 30 Year Fixed 4.06% -0.04 Jumbo 30 Year Fixed 4.36% -0.03 5/1 Yr ARM 3.12% +0.03 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 4.46% 0.31 +0.04 15 Yr. Fixed 3.53% 0.31 +0.01 30 Yr. Jumbo 4.51% 0.15 +0.06 30 Yr. FHA 4.16% 0.44 +0.01 5/1 ARM 3.25% 0.31 +0.00 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 97.08 +0.47 30YR FNMA 3.5 101.36 +0.47 30YR GNMA 3.0 97.88 +0.41 30YR GNMA 3.5 102.23 +0.41 15YR FNMA 3.0 103.19 +0.31 15YR FNMA 2.5 100.16 +0.41 Treasuries Yield Change 2 YR 0.3344% -0.0199 5 YR 1.3930% -0.0426 10 YR 2.6688% -0.0588 30 YR 3.7242% -0.0622 Prices as of: 10/16/2013 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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