Daily Newsletter: New Home Purchase Apps Dwindle; Foreclosure Crisis Defeated?; Appraisal Exemptions; Rates are Actually Near Recent Highs

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30 Year Fixed 4.57%   +0.03 15 Year Fixed 3.58%   +0.05 10YR Treasury 2.88%   +0.0311 FNMA 30YR 3.5 99.56   -0.22 FNMA 15YR 2.5 102.16   -0.17 View Today's Rates

Thursday December 12, 2013 MND NewsWire - 11:06AM New Home Purchase Applications Dwindle in MBA's Latest Builder Survey The Mortgage Bankers Association (MBA) said today that applications for the purchase of newly constructed homes declined in November by about 18 percent from October levels. The change ... MND NewsWire - 9:51AM Foreclosure Crisis Enters 9th Inning; Outcome All But Guaranteed -RealtyTrac Foreclosure starts reached a 95 month low in November. RealtyTrac, in its November U.S. Foreclosure Market Report, said that a total of 52,826 properties entered formal foreclosure ... MND NewsWire - 4:10PM Appraisal Exemptions for Streamline Refis and Low Balance Loans Both very small mortgages and some "streamlined" refinancings will exempted from certain of the appraisal requirements for higher-priced mortgages (the agencies use the term "higher ... Mortgage Rate Watch - 4:46PM Mortgage Rates are Actually Back Near Recent Highs Mortgage rates moved higher again today , bringing them just shy of the highest rates of the past several months seen last Wednesday. The most prevalently quoted rate is still 4.625 ... MBS RECAP: Gains Evaporate as Day Winds Down Delinquency Improvements Expected to Slow FHA's QM Final Rule - Fortunately no Surprises; 3 C's of Lending Business Success HUD QM Rule Announced; Closely Mirrors CFPB QM MBS MID-DAY: Holding Surprisingly Steady Ahead of Auction Watt Confirmed to Replace DeMarco Latest Video Santelli's Midday Bond Report Santelli's morning bond update Jobless claims up 68,000 to 368,000 More News from 'Around the Web' Bloomberg - 5:08PM Federal Reserve's Balance Sheet Jumps to $3.994 Trillion - Bloomberg FHFA - 3:09PM Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements freddiemac.mwnewsroom.com - 2:31PM Freddie Mac Announces Holiday Eviction Moratorium Between December 18, 2013 to January 3, 2014 WSJ - 1:48PM Fed Scorecard: Where Do Officials Stand on Tapering? The Huffington Post - 12:51PM Trulia: 2014 Will Be The Year Of Repeat Home Buyer Bloomberg - 12:50PM Fed's Evans Says CFTC Right to Reevaluate Computerized Trading - Bloomberg CNBC - 12:40PM Borrowers struggle to pay off home equity loans content.govdelivery.com - 12:37PM FDIC Consumer Newsletter Highlights New Rules and Tips for Mortgage Borrowers CNBC - 10:39AM Key GDP component jumps most in 9 months transunion.mwnewsroom.com - 9:36AM TransUnion Forecasts Mortgage Delinquency Rate Decline to Slow in 2014; Credit Card Delinquency to Remain at Healthy Level blog.redfin.com - 9:35AM November's U.S. Housing Numbers: Not a Lot to Give Thanks For business.time.com - 9:34AM This Man Wants to Lower Your Mortgage Payment CNBC - 9:01AM Fewer US homes entered foreclosure path in Nov. Market Watch - 9:01AM The new investment vehicle for the rich: subprime mortgages CNN - 8:25AM 500-page mortgage applications are the new normal CNBC - 8:24AM US bonds hold losses; Washington in focus Today's Comments MND NewsWire - 4:35PM "Wow, loans under 25K are exempt! That should impact at least two loans per state per year. Thanks, Washington!..." MBS Live Chat - 12:56PM "the last 10 30yr auctions avg a btc of 2.42, lets hope for a higher btc..." MBS Live Chat - 12:57PM "thanks for crunching those numbers Vic! A true "VB report!" Jeff will be stoked...." MBS Live Chat - 1:04PM "Ok, pretty bland auction, traders run out for quick sammy, supply rally in 20 mins? Who's in?..." MBS Live Chat - 1:08PM "Initial reaction is choppy. Any signs of more green on the way once traders are done with their paninis?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.57% +0.03 15 Yr FRM 3.58% +0.05 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.49% +0.03 5/1 Yr ARM 3.25% +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 4.61% 0.26 +0.10 15 Yr. Fixed 3.66% 0.31 +0.10 30 Yr. Jumbo 4.59% 0.15 +0.10 30 Yr. FHA 4.30% 0.38 +0.13 5/1 ARM 3.11% 0.35 +0.02 Freddie Mac ** 30 Yr. Fixed 4.42% 0.70 -0.04 15 Yr. Fixed 3.43% 0.70 -0.04 1 Yr. ARM 2.51% 0.40 -0.08 5/1 Yr. ARM 2.94% 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 95.16 -0.19 30YR FNMA 3.5 99.56 -0.22 30YR GNMA 3.0 96.31 -0.23 30YR GNMA 3.5 100.81 -0.17 15YR FNMA 3.0 102.16 -0.17 15YR FNMA 2.5 99.08 -0.22 Treasuries Yield Change 2 YR 0.3258% +0.0160 5 YR 1.5354% +0.0397 10 YR 2.8810% +0.0311 30 YR 3.8965% +0.0180 Prices as of: 12/12/2013 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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