Daily Newsletter: Potential Rate Volatility Tomorrow; Recovery Will Continue; Builders See Lots of Buyer Traffic?

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30 Year Fixed 4.59%   +0.00 15 Year Fixed 3.70%   +0.01 10YR Treasury 2.85%   -0.0259 FNMA 30YR 3.5 99.41   +0.22 FNMA 15YR 2.5 101.81   -0.02 View Today's Rates

Tuesday September 17, 2013 Mortgage Rate Watch - 4:50PM Mortgage Rates Eerily Flat; Tomorrow is Potentially Huge As if to reinforce the gravity of the events that lie ahead, Mortgage rates were perfectly flat today, on average, meaning that today's rate sheets are in the same territory as yesterday ... MND NewsWire - 12:54PM Recovery Will Continue Despite Contracting Mortgage Industry - Fannie Mae Fannie Mae's senior economists said today that anticipated declines in refinance originations suggest that mortgage industry employment, which has trended up since hitting bottom early ... MND NewsWire - 12:19PM Builders Say Prospective Buyer Traffic Best Since 2005 Builder confidence in the market for newly built single family homes held steady in September after four consecutive months of improvements the National Association of Home Builders ... MND NewsWire - 12:56PM Freddie Mac Extends Disaster Assistance to Colorado Flood Victims As it did following the devastation of Hurricane Sandy, Freddie Mac has made the full menu of its mortgage relief policies available to borrowers in the Colorado area. The state has ... Freddie Mac Updates HAMP, Streamlined Mods; Retires "Pay for Success" 3.5 Million Homes May be Remodeled this Year MBS RECAP: Characteristically Calm Before Potential Tempest Reverse Mortgage Changes; VA Benefits Changing; Producing Branch Managers Endangered? California Realtors Confirm Sales Downturn, but Silver Lining is 'Attached' CFPB Unleashes Amendments to ECOA, RESPA, and TILA; is The FHA Doing Better or Isn't it? Huge Reversal in California's Sales; Prices Slip Latest Video Housing Crash: What's different now? Bond rally will be short-lived Santelli: Here's how history will judge Ben Bernanke More News from 'Around the Web' www.collateralvision.com - 5:43PM FNC Index: Home Prices Continue to Rise, Up 0.7% in July NAHB - 5:43PM Senators Cite Importance of Maintaining Federal Backstop in Housing Finance Overhaul CNBC - 5:43PM Fed taper? Might as well be tightening, Wien says Reuters - 5:43PM With the end of Fed's QE in sight, U.S. public says 'Huh?' CNBC - 4:56PM Rick Santelli: How will history judge Ben Bernanke? Reuters - 4:56PM Occupy Wall Street marks second anniversary with quiet rally CNN - 4:56PM U.S. to seize Manhattan skyscraper secretly owned by Iran Washington Post - 3:52PM Yellen vs. Kohn is the new Summers vs. Yellen CNBC - 3:49PM Relax. The markets aren't running on QE anyway Market Watch - 2:58PM CFTC reportedly to probe J.P. Morgan over losses Reuters - 1:05PM Treasury urges Congress to act now on debt ceiling blogs.wsj.com - 1:03PM When Fed Trims Bond Purchases, How Remains Undecided Bloomberg - 1:02PM Nontraded REIT Fundraising This Year Surpasses Record - Bloomberg CNBC - 1:02PM Can the mortgage market crash again? Bloomberg - 11:30AM California Mortgage Grabs Are a Terrible Idea CNBC - 11:30AM Push for Yellen gathers steam freddiemac.mwnewsroom.com - 11:28AM Freddie Mac Immediately Extends Mortgage Relief to Colorado Borrowers Affected by Floods WSJ - 10:39AM After Fed Meeting Officials Have Heavy Speaking Schedule Bloomberg - 10:37AM Fed Decision-Day Guide From QE Tapering to Bernanke Comments - Bloomberg Market Watch - 10:36AM Bond Report: Treasury yields resume slide ahead of Fed meeting Today's Comments MBS Live Chat - 12:03PM "not exactly sure, but I've yet to hear LO's aren't supposed to run GUS. hodges is usually a credible source though, so I'll ask...." MBS Live Chat - 12:04PM "Usually only processors, u/w run GUS. At least in my experience. You don't have the ability to run it as many times as you do DU. Pretty sure you're limited to 5 runs..." MBS Live Chat - 12:05PM "The bank just sent us the findings and it was in fact ineligible at 33/33 ratios. I assume they are much tougher then on ratios for under 640 unlike FHA...." MBS Live Chat - 12:09PM "GUS is tricky...i limit who can run them as after 5 you get a full UW alert..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.59% +0.00 15 Yr FRM 3.70% +0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.60% -0.01 5/1 Yr ARM 3.12% +0.01 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 4.80% 0.46 +0.07 15 Yr. Fixed 3.83% 0.42 +0.08 30 Yr. Jumbo 4.84% 0.41 +0.13 30 Yr. FHA 4.56% 0.28 +0.08 5/1 ARM 3.59% 0.43 +0.10 Freddie Mac ** 30 Yr. Fixed 4.57% 0.80 +0.00 15 Yr. Fixed 3.59% 0.70 +0.00 1 Yr. ARM 2.67% 0.40 -0.04 5/1 Yr. ARM 3.22% 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 95.11 +0.28 30YR FNMA 3.5 99.41 +0.22 30YR GNMA 3.0 95.78 +0.25 30YR GNMA 3.5 100.34 +0.19 15YR FNMA 3.0 101.81 -0.02 15YR FNMA 2.5 98.53 +0.03 Treasuries Yield Change 2 YR 0.3750% -0.0241 5 YR 1.6071% -0.0280 10 YR 2.8458% -0.0259 30 YR 3.8277% -0.0436 Prices as of: 9/17/2013 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. 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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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