Daily Newsletter: Most Californians can't Afford to Live There; Shutdown Changed Housing Sentiment; Rates Flat Ahead of Jobs Data; Freddie Fully Repays Taxpayers

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30 Year Fixed 4.29%   -0.01 15 Year Fixed 3.41%   +0.00 10YR Treasury 2.60%   -0.0458 FNMA 30YR 3.5 101.97   +0.16 FNMA 15YR 2.5 103.78   +0.06 View Today's Rates

Thursday November 7, 2013 MND NewsWire - 4:00PM California Homes Now Affordable to only 1/3 of Californians Housing affordability is on a prolonged downhill slide in California, falling for the sixth time in the third quarter of 2013. As measured by The California Association of Realtors® ... MND NewsWire - 2:52PM Owners and Renters Shaken by Shutdown The October National Housing Survey was conducted by Fannie Mae during a period that coincided with the federal government shutdown and the debt ceiling debate. Fannie Mae spokesperson ... Mortgage Rate Watch - 4:36PM Mortgage Rates Flat Ahead of Important Jobs Report Mortgage rates were flat to marginally lower today. The mortgage-backed-securities (MBS) that most directly inform lenders' rate sheets were surprisingly unperturbed by the morning ... MND NewsWire - 1:29PM Freddie Mac Dividend Will Fully Reimburse Taxpayers; Fannie is Close Freddie Mac and Fannie Mae each reported strong third quarter financial results today. For Freddie it was the eighth consecutive profitable quarter and for Fannie Mae the seventh. With ... Thoughts on Successful Retail Lender Traits; Nationstar & Stonegate Sittin' in a Tree MBS RECAP: Bond Markets Seek Neutrality Ahead of NFP Freddie Continues Shrinking Footprint with Risk-Sharing Bonds Home Prices Rise Most since 2006; Pace to Slow Purchase and Refi Applications Backtrack Amid Rising Rates Delinquencies, Foreclosures back to Early Recession Levels Latest Video What will jobs do to bonds? San Francisco real estate Jobs report will be weak: Top economist More News from 'Around the Web' WSJ - 5:35PM Fed Won't Taper Until Next Year, Most Economists Agree WSJ - 5:35PM What to Watch for in October's Jobs Report www.cfpbmonitor.com - 5:21PM CFPB settles lawsuit challenging loan officer bonuses Market Watch - 3:50PM Consumer credit shows steady growth in September www.freddiemac.com - 3:49PM Moving Freddie Mac and Housing Forward WSJ - 3:49PM Yellen's Confirmation Hearing for Fed Set for Nov. 14 WSJ - 2:09PM Fed's Dudley Sees 'Deep Seated' Cultural, Ethical Lapses at Many Financial Firms Bloomberg - 1:56PM Raising Interest Rates Won't Stop a Housing Boom, Turner Says - Bloomberg WSJ - 12:39PM How GDP Report Shows Government Dragging on Growth The Huffington Post - 12:38PM Escape From Government Engineered Financial Repression WSJ - 12:36PM The ECB's Rate Cut: Five Key Takeaways NAHB - 12:14PM Builder Confidence in the 55+ Housing Market Continues to Improve in Third Quarter NAHB - 12:13PM Federal Backstop Essential Element of Housing Finance Reform, NAHB Tells Congress Fannie Mae - 12:08PM Fannie Mae: Government Shutdown and Debt Ceiling Debate a Real Downer on Consumer Economic and Housing Sentiment Bloomberg - 10:21AM Mortgage Delinquencies Reach 5-Year Low as Housing Heals - Bloomberg business.time.com - 10:20AM This Incredibly Common Practice Could Tank Your Credit Bloomberg - 9:23AM Freddie Mac to Pay Treasury $30.4 Billion on Quarterly Profit - Bloomberg Market Watch - 8:55AM Fannie Mae reports $8.7 billion profit Washington Post - 8:55AM Economic growth gains momentum in third quarter, with 2.8 percent annual rate Reuters - 8:55AM Fannie Mae to pay Treasury $8.6 bln after strong profit Today's Comments MND NewsWire - 11:59PM "Looming ARM resets incited fear and sleepless nights for many borrowers in the mid 2000's. Now many ARM borrowers can hardly wait for their annual rate adjustments as they're eager to see if/how much their payments will drop. With the prospect of low Fed funds rate till (likely) 2015, no one with an..." MBS Live Chat - 1:49PM "Anyone locking today instead of waiting for NFP?..." MBS Live Chat - 1:52PM "its a gamble, do what your gut tells you to do...." MBS Live Chat - 1:52PM "or better yet, what your clients tell you..." MBS Live Chat - 1:56PM "I'm playing defense, and recommending locking today. It just seems like there is more risk potential than reward potential tomorrow morning...." MBS Live Chat - 2:07PM "what determines the forecast for NFP? a panel of economists?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.29% -0.01 15 Yr FRM 3.41% +0.00 FHA 30 Year Fixed 3.95% +0.00 Jumbo 30 Year Fixed 4.28% -0.01 5/1 Yr ARM 3.17% -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 4.16% 0.80 +0.06 15 Yr. Fixed 3.27% 0.70 +0.07 1 Yr. ARM 2.61% 0.50 -0.03 5/1 Yr. ARM 2.96% 0.50 +0.00 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 97.72 +0.17 30YR FNMA 3.5 101.97 +0.16 30YR GNMA 3.0 98.67 +0.17 30YR GNMA 3.5 102.91 +0.08 15YR FNMA 3.0 103.78 +0.06 15YR FNMA 2.5 100.61 +0.08 Treasuries Yield Change 2 YR 0.2857% -0.0078 5 YR 1.3053% -0.0342 10 YR 2.6000% -0.0458 30 YR 3.7066% -0.0684 Prices as of: 11/7/2013 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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