Daily Newsletter: Foreclosure Inventory Falls to 5 year Low; Rates Steady; Role of Property Tax in Housing Market; Lack of Lender Reprices

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30 Year Fixed 4.43%   -0.01 15 Year Fixed 3.50%   +0.00 10YR Treasury 2.74%   -0.0415 FNMA 30YR 3.5 101.19   +0.22 FNMA 15YR 2.5 103.33   +0.05 View Today's Rates

Friday November 22, 2013 MND NewsWire - 4:07PM Foreclosure Inventory Falls to 5 year Low Lender Processing Services (LPS) said today that the national foreclosure pre-sale inventory is at its lowest level since 2008 . The inventory, the number of loans that are in some ... Mortgage Rate Watch - 3:50PM Mortgage Rates Steady to Slightly Lower Mortgage rates were steady to slightly lower today, though they remain elevated on the week ( read more... ). Most lenders are effectively unchanged compared to yesterday's latest rate ... MND NewsWire - 10:57AM Role of Property Tax in Health of Housing Market Property taxes are collected by virtually all local governments; levied on land, commercial properties, and residential homes. Taxes are generally determined by a combination of the ... MBS Commentary - 4:51PM MBS RECAP: Decent Improvement, but not Many Reprices MBS Live : MBS Afternoon Market Summary Superficially, today looks like a good one for MBS markets with Fannie 3.5s up a quarter of a point heading into the close. But the "yeah buts ... New Citi Correspondent Chief; Thoughts on Buybacks; Over 2,000 Pages to Support Simpler Disclosures? The Day Ahead: Quiet Calendar; Open Door For More Consolidation Housing Recovery Intact but Moderating Fannie Mae says Potential Impacts of Lower Conforming Loan Limits Actually Freddie Mac, Mortgage Rates Are Near 2-Month Highs Purchase Mortgages Top 60 percent in October Making Sense of the FOMC Minutes' Impact on Mortgage Rates Latest Video Goldman's bond guru: Do think rates go higher Fed's Lockhart: Decision to delay taper has been 'vindicated' The Week Ahead: Black Friday More News from 'Around the Web' CNBC - 4:32PM Fed's Tarullo details plans to counter bank runs Washington Post - 4:30PM Fannie Mae, Freddie Mac attract investor groups CFPB - 4:27PM We looked at the impact of regulations at financial institutions Reuters - 4:26PM U.S. seeks to add former Wells Fargo exec as fraud defendant Bloomberg - 2:40PM More Fannie Mae Borrower Aid Expected After Watt Confirmation - Bloomberg National Housing Conference - 2:20PM Senate Banking examines transition path for housing finance reform CNBC - 1:33PM The 'nuclear option' and the economy Washington Post - 1:33PM Wonkblog: Homelessness has dropped 9 percent since 2007. Will it last? Bloomberg - 12:46PM Bill Ackman Says Fannie Mae Is 'Most Interesting' Opportunity - Bloomberg WSJ - 12:46PM Vital Signs: More Workers Are Calling It Quits — and That's a Good Thing Bloomberg - 12:44PM Who's Paying for JPMorgan's Settlements? - Bloomberg WSJ - 10:38AM Senate Rule Change Could Ease Housing Regulator's Confirmation Reuters - 10:27AM Exclusive: Euro zone mulls cheap loans as incentive for economic reforms - document Bloomberg - 10:23AM Fed Not in the 'Danger Zone' as Exit Approaches, Lockhart Says - Bloomberg Google News - 10:20AM Modest Growth Seen in Commercial Real Estate Markets HUD - 10:16AM Housing Notice 2013-29 Bloomberg - 9:12AM BlackRock Says JPMorgan Deal Undermining US Market: Mortgages - Bloomberg CNBC - 9:08AM US bonds hold gains after Thursday's rally www.lpsvcs.com - 9:08AM LPS' October "First Look" Mortgage Report: Foreclosure Inventory Lowest Since 2008; Mississippi Now Leads Nation in Delinquent, Non-Current Loans CNBC - 9:07AM Janet Yellen highly qualified to be Fed chair: Atlanta Fed. President Lockhart Today's Comments MBS Live Chat - 12:12PM "This is a nice surprise..." MBS Live Chat - 12:13PM "in this morning's update: "trader participation should drop off even more quickly than it already has by noon Eastern. This could make for illogical volatility in the afternoon, but the general expectation for a sideways to slightly positive grind is already playing out."..." MBS Live Chat - 12:16PM "I'd be happy to call it a day right here. Who's with me?..." MBS Live Chat - 12:17PM "if you look at the charts around 11am, you can see where the day unofficially ended. Everything since then is just epilogue...." MBS Live Chat - 12:22PM "please explain MG..." MBS Live Chat - 12:33PM "One of the toughest things for me to wrap my mind around back in the day was this idea that bond markets could be illiquid. I sat in my office with CNBC on, originating mortgages, thinking that markets were markets. If "Citi never sleeps," then surely these flashing numbers on my TV and computer screen..." MBS Live Chat - 12:34PM "It's like a pick up basketball game... During prime time when the best players are there, you get the truest sense of how the teams are doing vs each other. Sometimes, the higher level players will play all day. Other times, they'll leave early--sometimes with one team seeing more attrition than the..." MBS Live Chat - 12:35PM "But the game keeps going... Red vs Green. Depending on who joins which side, the game could suddenly head a different direction, and it's not necessarily indicative of how things have gone or will go when the varsity players get back...." MBS Live Chat - 12:37PM "so my point is that these triangles on data-free Fridays that point perfectly toward noon tend to show you how the game was going, and what the final score would have been...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% -0.01 15 Yr FRM 3.50% +0.00 FHA 30 Year Fixed 4.12% +0.00 Jumbo 30 Year Fixed 4.40% +0.00 5/1 Yr ARM 3.23% -0.02 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% 0.38 +0.02 15 Yr. Fixed 3.52% 0.33 +0.00 30 Yr. Jumbo 4.47% 0.22 -0.01 30 Yr. FHA 4.14% 0.25 -0.02 5/1 ARM 3.12% 0.27 +0.01 Freddie Mac ** 30 Yr. Fixed 4.22% 0.70 -0.13 15 Yr. Fixed 3.27% 0.70 -0.08 1 Yr. ARM 2.61% 0.40 +0.00 5/1 Yr. ARM 2.95% 0.50 -0.06 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 96.88 +0.30 30YR FNMA 3.5 101.19 +0.22 30YR GNMA 3.0 98.02 +0.30 30YR GNMA 3.5 102.27 +0.19 15YR FNMA 3.0 103.33 +0.05 15YR FNMA 2.5 100.13 +0.06 Treasuries Yield Change 2 YR 0.2825% +0.0082 5 YR 1.3485% -0.0147 10 YR 2.7445% -0.0415 30 YR 3.8319% -0.0574 Prices as of: 11/22/2013 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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