Daily Newsletter: Rates Actually Near 2-mo Highs; Housing Recovery to Moderate; Impacts from Lower Conforming Limits

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30 Year Fixed 4.44%   +0.01 15 Year Fixed 3.50%   +0.00 10YR Treasury 2.79%   -0.0127 FNMA 30YR 3.5 100.97   +0.09 FNMA 15YR 2.5 103.28   +0.13 View Today's Rates

Thursday November 21, 2013 Mortgage Rate Watch - 3:34PM Actually Freddie Mac, Mortgage Rates Are Near 2-Month Highs Mortgage rates may have managed to hold steady to slightly lower , but it's important to understand that today's rates are still significantly higher than Tuesday's. In fact, there ... MND NewsWire - 2:58PM Housing Recovery Intact but Moderating Fannie Mae says Fannie Mae's Economic and Strategic Research Group calls the temporary government shutdown and debt ceiling negotiations in October a blow to consumers who "were cautious in their spending ... MND NewsWire - 2:51PM Potential Impacts of Lower Conforming Loan Limits In the November edition of CoreLogic's e-magazine MarketPulse, Kathryn Dobbyn looks at the potential impact of lower conforming loan limits on the mortgage market. These limits, which ... Pipeline Press - 10:30AM CFPB vs. Payday Lender; Rating Agencies Watch QM; Confusion Over Bona Fide Discount Points Here’s a new date for you to remember: August 1, 2015. We have nearly nine months to implement new disclosure forms . CFPB announced its first enforcement action against a payday ... MBS RECAP: Slightly Positive on the Day, but Resistance Intact The Day Ahead: Post-FOMC Follow Through and More Economic Data Mortgage Rates Much Higher After FOMC Making Sense of the FOMC Minutes' Impact on Mortgage Rates Freddie Mac Forecasts First Purchase-Dominated Market Since 2000 Stronger Home Sales will Require More Construction and Looser Credit - NAR Latest Video El-Erian: Fed feels obliged to support asset markets 'Underwater' homeowner insurance Markets will have a pause: Pro More News from 'Around the Web' business.time.com - 4:44PM Dow Jones Closes Above 16,000 for the First Time WSJ - 4:07PM Fed's Bullard Favors Central Bank Putting Floor Under Inflation WSJ - 3:32PM Fed's Lacker Says Tapering Decision in 'Coming Months' Is as Precise as Possible Washington Post - 2:25PM Nine reasons the filibuster change is a huge deal WSJ - 2:19PM Fed's Bullard: Rush To Zero Percent Funds Rate May Have Been Mistake www.usatoday.com - 1:51PM Reid says he will try again to push Watt nomination www.nytimes.com - 1:44PM High Drama in Washington - Landmark Senate Vote Limits Filibusters Market Watch - 1:36PM Treasurys hold gains after 10-year TIPS auction Fannie Mae - 1:14PM News Release - Signs Point to Economic Volatility in the Near ... www.collateralvision.com - 12:54PM FNC Index: Home Prices Show Fastest Quarterly Growth Since Recovery Began Reuters - 12:53PM Yellen takes big step toward becoming next Fed chair Bloomberg - 12:53PM FHFA Faces Pushback on Cuts to Fannie Mae Apartment Lending - Bloomberg CNBC - 12:52PM Do homeowners need underwater insurance? Washington Post - 12:52PM CEO Jamie Dimon to FDIC: JPMorgan Chase's fight over Washington Mutual is far from over Market Watch - 12:52PM UBS makes immunity deal over interest rates: WSJ CNBC - 10:58AM The irony of Ben Bernanke's forward guidance www.cfpbmonitor.com - 10:58AM House member questions CFPB auto fair lending guidance cost impact Reuters - 10:58AM Yellen clears key Senate hurdle to become next Fed chair FHFA - 10:57AM Statement of Alfred M. Pollard, General Counsel, Federal Housing Finance Agency, Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs "Housing Finance Reform: Powers and Structure of a Strong Regulator" Reuters - 9:44AM BofA says it should owe zero penalty in 'Hustle' fraud case Today's Comments MBS Commentary - 4:43PM "Awesome insight into the intent of Fed minutes. Bottom line is that no matter how much loan officers want QE Infinity, it's on its last legs, barring a calamitous economic downturn...." MBS Live Chat - 2:19PM "OO is correct but the LO has to disclose it..." MBS Live Chat - 2:27PM "JR - I never saw seller transfer taxes paid by seller in NC disclosed on buyer's disclosures but now that I'm back in FL I see that they are disclosed. Why is it different in NC? Curious...." MBS Live Chat - 2:27PM "transfer taxes have $0 tolerance, at least in VA..." MBS Live Chat - 2:57PM "Here's a fun topic.. When is HARP 3.0 coming?..." MBS Live Chat - 2:58PM "37 more times likely this afternoon vs this morning..." MBS Live Chat - 2:58PM "http://www.usatoday.com/story/news/politics/2013/10/31/mel-watt-filibuster-senate/3324165/..." MBS Live Chat - 3:01PM "Is Watt in favor of principal writedowns?..." MBS Live Chat - 3:04PM "we don't really know what he would do, but the assumption is that it would be more aggressive than DeMarco, a well-known cyborg, programmed to run the tightest possible ship at the GSEs with less regard for the socioeconomic impact that more lending opportunities might have...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.44% +0.01 15 Yr FRM 3.50% +0.00 FHA 30 Year Fixed 4.12% -0.01 Jumbo 30 Year Fixed 4.40% -0.01 5/1 Yr ARM 3.25% -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% 0.38 +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 96.58 +0.14 30YR FNMA 3.5 100.97 +0.09 30YR GNMA 3.0 97.72 +0.09 30YR GNMA 3.5 102.08 +0.06 15YR FNMA 3.0 103.28 +0.13 15YR FNMA 2.5 100.06 +0.16 Treasuries Yield Change 2 YR 0.2743% -0.0040 5 YR 1.3632% -0.0131 10 YR 2.7860% -0.0127 30 YR 3.8893% -0.0217 Prices as of: 11/21/2013 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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