Daily Newsletter: Mortgage Rates Back to October's Range; Biggest Home Price Gains Since Collapse, but Potential Shift Ahead

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30 Year Fixed 4.35%   -0.03 15 Year Fixed 3.44%   -0.03 10YR Treasury 2.71%   +0.0143 FNMA 30YR 3.5 101.48   +0.05 FNMA 15YR 2.5 103.45   +0.11 View Today's Rates

Friday November 15, 2013 Mortgage Rate Watch - 3:48PM Mortgage Rates Back to October's Range Mortgage rates fell just slightly today, though this wasn't the case for every lender. Rate quotes are likely to be at the same note rate as yesterday's, but with slightly lower borrowing ... MND NewsWire - 1:06PM Biggest Home Price Gains Since Collapse; Potential Shift Ahead Another firm has weighed in with an index that confirms both the continuation of the better than year-long housing price gains and that the price performance is beginning to moderate ... Pipeline Press - 10:17AM Eminent Domain is Still With us; What Pimco Shrinking Means; Investor Updates According to Morningstar, Vanguard has overtaken Pimco as the world's largest bond mutual fund with $288B of assets at the end of Oct. vs. $248B for Pimco. I mention this because.. ... MBS Commentary - 12:26AM The Day Ahead: Assessing New Range after Beating the Odds Yesterday - Yellen Confirmation Hearing helped bond markets solidify/add gains - No major surprises from Yellen, but resolute in current need for QE - Much of the rally happened in ... MBS RECAP: Sideways, Rates Wait for Next Week's Data Home Prices in Smaller U.S. Counties made Softer Landings Housing Affordability Eroded Dramatically by 'Perfect Storm' in Q3 New Home Purchase Applications up 11 percent Judicial States Working Through Huge Backlog of Distressed Properties Bay Area Housing Market Trending toward Normal Latest Video Waste Management CEO: See bounce back in housing starts Home ownership is for suckers: Schoenberger Cashin says: Yellen honeymoon continues More News from 'Around the Web' Reuters - 4:26PM Senate inches toward Fannie, Freddie reform but deal elusive Reuters - 3:30PM Judge rules against ResCap noteholders, knocks legal tactics www.justice.gov - 3:10PM Former Miami Mortgage Broker and Real Estate Agent Sentenced for Role in Multimillion-Dollar Mortgage Fraud Scheme Reuters - 2:28PM White House expresses confidence in Yellen Fed nomination WSJ - 2:28PM Why California Homeowners Could Avoid a Tax Hit www.nytimes.com - 2:28PM More Cities Consider Eminent Domain to Halt Foreclosures CNBC - 2:27PM We were hacked! CME Group says Federal Reserve - 2:27PM Federal Reserve Board announces it has not objected to a re-submitted capital plan from Ally Financial Inc. WSJ - 1:30PM If Fed Lowers Unemployment Threshold, Key Question Will Be Why? Bloomberg - 1:12PM Bidding Wars Wane, Except in Manhattan: Ritholtz Chart - Bloomberg Bloomberg - 12:41PM Actually, Economists Can Predict Financial Crises - Bloomberg WSJ - 11:42AM Vote for the House of the Week www.fncinc.com - 11:41AM Home Prices Show Fastest Quarterly Growth Since Recovery Began Market Watch - 11:38AM Bond Report: Treasurys fall for first session in three Market Watch - 11:37AM Ackman's firm takes 10% stake in Fannie, Freddie Reuters - 10:25AM U.S. wholesale inventories rise in line with forecasts CNBC - 9:30AM NY manufacturing plunges to weakest levels in 6 months Reuters - 9:30AM U.S. export prices fall in sign global economy doing poorly CNBC - 9:27AM US industrial output falls on utilities, mining WSJ - 8:34AM Last Week's Demarco Rant on GSEs; Worth Revisiting Today's Comments MBS Live Chat - 12:11PM "Did Wells Worsen or Improve just now?..." MBS Live Chat - 12:24PM "REPRICE : 12:24 PM - Wells Fargo Better..." MBS Live Chat - 12:26PM "Does any know of a good source for on-line leads that they are willing to share? I have used lead point in the past and have not been happy with the lead quality. I am a very small one man operation only licensed in CO so I am not looking for a high volume of leads. Feel free to e-mail me if you don..." MBS Live Chat - 12:33PM "Are extension fees and extended rate lock fees considered bona fide discounts points? Getting conflicting answers...." MBS Live Chat - 12:44PM "CS, I've read where you have to show that the lock extension was not due to lender inactivity but delays were due to borrower or seller or other "outside" factors beyond your control in order to put them into the discount costs. CFPB apparently is focusing on these too feeling that slow lenders are making..." MBS Live Chat - 12:28PM "semi-colossal discussion on leads earlier today that you should be able to pick up simply by scrolling down. If not, then use the "browse" link at the bottom of the chat window...." MBS Live Chat - 12:09PM "Interesting Hilsy blog piece on the next possible Fed move.... http://blogs.wsj.com/economics/2013/11/15/if-fed-lowers-unemployment-threshold-key-question-will-be-why/..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.35% -0.03 15 Yr FRM 3.44% -0.03 FHA 30 Year Fixed 4.08% -0.04 Jumbo 30 Year Fixed 4.33% -0.02 5/1 Yr ARM 3.22% -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 4.32% 0.42 -0.01 15 Yr. Fixed 3.44% 0.30 +0.02 30 Yr. Jumbo 4.37% 0.26 +0.01 30 Yr. FHA 4.07% 0.22 +0.01 5/1 ARM 3.08% 0.31 -0.09 Freddie Mac ** 30 Yr. Fixed 4.35% 0.70 +0.19 15 Yr. Fixed 3.35% 0.70 +0.08 1 Yr. ARM 2.61% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.40 +0.05 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 97.22 0.00 30YR FNMA 3.5 101.48 +0.05 30YR GNMA 3.0 98.28 -0.02 30YR GNMA 3.5 102.47 +0.06 15YR FNMA 3.0 103.45 +0.11 15YR FNMA 2.5 100.36 +0.11 Treasuries Yield Change 2 YR 0.2942% +0.0002 5 YR 1.3465% +0.0165 10 YR 2.7069% +0.0143 30 YR 3.7947% +0.0062 Prices as of: 11/15/2013 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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