Daily Newsletter: Mortgage Rates at New 2-Yr Highs; Many Underwater Despite Rising Prices; Ill Effects of Investors/All-Cash

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30 Year Fixed 4.85%   +0.11 15 Year Fixed 3.90%   +0.08 10YR Treasury 2.99%   +0.0952 FNMA 30YR 3.5 97.92   -0.92 FNMA 15YR 2.5 100.91   -0.61 View Today's Rates

Thursday September 5, 2013 Mortgage Rate Watch - 6:40PM Mortgage Rates at New 2-Yr Highs Ahead of Important Jobs Report Mortgage rates leaped to new 2-Yr highs today , after strong economic data increased the chances that tomorrow's all-important jobs report would be similarly strong. The rate with the ... MND NewsWire - 10:41AM Rising Prices Lifting all Boats but Millions still Submerged Almost a quarter of U.S. homeowners with a mortgage are still underwater after the rapid plunge of house prices that started in 2007, however more and more of those homeowners are seeing ... MND NewsWire - 2:54PM Investor/All-Cash Purchases May Harm Housing Recovery Across the country, investors are taking advantage of the nation's foreclosure crisis to purchase homes at bargain prices, often beating out potential homeowners who remain sidelined ... MND NewsWire - 12:56PM Nevada City Rejects Eminent Domain Mortgage Plan Another city has flirted briefly with the idea of using eminent domain as a tool to help resolve a severe housing crisis. The North Las Vegas, Nevada City Council, however rejected ... Eminent Domain Setback; Upcoming Repurchase Thoughts; Employment Data Primer; 5yr GSE Anniversary--Would You There? MBS RECAP: Surprise Surprise, Another Big Nasty Sell-Off Can Jobs Numbers Be Predicted by Consumer Confidence? Shortage of Buildable Lots Holding Back Housing Market -NAHB Record Decline in Commercial Mortgage-Backed-Securities Delinquency Homeowner Advocacy Group Kicks off Membership Drive Latest Video Home Depot CEO: 'Strongest Q2 in over 20 years' 10-year breaks 3% Maria's Observation: Why housing really matters More News from 'Around the Web' Reuters - 6:37PM Analysis: Battle over Fed - Summers' opponents seek to sway Obama WSJ - 6:36PM Fed's Fisher Slams Congress Over Fiscal Policy CNBC - 6:36PM Treasurys drop, yields briefly above 3% Bloomberg - 6:35PM Home Depot CEO Sees Housing Recovery Boosting Sales - Bloomberg Bloomberg - 5:46PM Bank of America Mortgage Holders Lose Bid to Sue as Group - Bloomberg Bloomberg - 5:46PM Fisher Says Fed Must Ensure QE Doesn't Disrupt Financial Markets - Bloomberg WSJ - 3:14PM What to Watch for in Friday's Jobs Report CNBC - 12:43PM Fed official: We're not clear enough CNBC - 12:42PM Here's how Bill Gross is playing post-Fed market CNBC - 12:42PM Spooked by rates? Fast strategies as 10-year nears 3% Washington Post - 11:46AM Turnover at Federal Reserve adds uncertainty to interest rate and QE3 promises www.americanprogress.org - 11:45AM Cash for Homes: Policy Implications of an Investor-Led Housing Recovery NY Fed - 11:44AM NY Fed: The Market Impact of FOMC Minutes CNBC - 11:35AM 'Bad idea' if Fed wages war on higher bond yields Reuters - 10:19AM Bank of America defeats class certification in HAMP mortgage case Assoc. Mtg. Investors - 10:18AM AMI Commends North Las Vegas Mayor and the City Council For Standing with Home Owners freddiemac.mwnewsroom.com - 10:13AM Freddie Mac: Mortgage Rates up on Signs of Stronger Economic Recovery www.gallup.com - 9:21AM U.S. Payroll to Population Rate Drops to 43.7% in August Bloomberg - 9:02AM Gross Says Buy Short-Term Debt Investments Aided by Fed Guidance - Bloomberg CNBC - 9:02AM Flat US labor costs show tame inflation Today's Comments MBS Live Chat - 12:11PM "These early moves wreak of insider trading...." MBS Live Chat - 12:12PM "TN, that was a prevalent complaint in early May..." MBS Live Chat - 12:12PM "Didn't we get similar action before last month's NFP?..." MBS Live Chat - 12:13PM "it's always a possibility that we see a pre-NFP "lead off," which is why I use the term and warn against it (especially against this Thursday as it had ADP relocated)...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.85% +0.11 15 Yr FRM 3.90% +0.08 FHA 30 Year Fixed 4.60% +0.17 Jumbo 30 Year Fixed 4.79% +0.09 5/1 Yr ARM 3.22% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.44% 0.85 +0.40 30 Yr. Fixed 4.27% 1.09 +0.51 MBA ** 30 Yr. Fixed 4.73% 0.33 -0.07 15 Yr. Fixed 3.75% 0.30 -0.09 30 Yr. Jumbo 4.71% 0.25 -0.07 30 Yr. FHA 4.48% 0.30 -0.04 5/1 ARM 3.49% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 4.57% 0.70 +0.06 15 Yr. Fixed 3.59% 0.70 +0.05 1 Yr. ARM 2.71% 0.50 +0.07 5/1 Yr. ARM 3.28% 0.50 +0.04 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 93.58 -1.05 30YR FNMA 3.5 97.92 -0.92 30YR GNMA 3.0 94.36 -1.13 30YR GNMA 3.5 98.75 -1.05 15YR FNMA 3.0 100.91 -0.61 15YR FNMA 2.5 97.53 -0.73 Treasuries Yield Change 2 YR 0.5177% +0.0477 5 YR 1.8511% +0.1063 10 YR 2.9937% +0.0952 30 YR 3.8822% +0.0816 Prices as of: 9/5/2013 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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