Daily Newsletter: Rates Hit 2-Month Lows; Home Prices Improve but May be Turning; Four "D's" Plague Consumers

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30 Year Fixed 4.39%   -0.03 15 Year Fixed 3.50%   -0.03 10YR Treasury 2.66%   -0.0456 FNMA 30YR 3.5 101.38   +0.36 FNMA 15YR 2.5 103.13   +0.16 View Today's Rates

Tuesday September 24, 2013 Mortgage Rate Watch - 4:03PM Mortgage Rates Fall to New 2-Month Lows Mortgage rates were lower yet again, making for an astonishing 10th consecutive day without rates moving higher. In the 13 days of rate sheets since the September 6th jobs report, rates ... MND NewsWire - 11:03AM Home Prices Increased Substantially in July, but Growth May be Slowing Indices released by two of the leading sources of home price information this morning confirm the continued growth of home values in the U.S., at least through July . While their methodologies ... MND NewsWire - 2:29PM These Four "D's" Plague Consumers Seeking Credit -Cordray There are " Four Ds " that plague consumers, the Director of the Consumer Financial Protection Bureau told an audience of Bankers on Tuesday; deceptive marketing , debt traps , dead ... Pipeline Press - 10:49AM Maternity Leave Loans; Branch & LO Comp Under QM; Implications of a Conventional Loan Amount Cut Given the change in the MBA's logo, David Frase writes, "I love the new MBa logo! It emphasizes the loss of 'capital' experienced by our industry this season." Plenty of banks and mortgage ... MBS RECAP: Best Levels in Over 3 Months; Current Coupon Shifting The Day Ahead: More Data, More Drama, Auction Cycle Begins Pending Sales: Another Indication of Cooling California Boom Possible Ulterior Motive Behind New CFPB HMDA Tool Home Prices Less Than 15 Percent Away From 2006 Peak HARP is a "No Brainer" -FHFA Latest Video New housing bubble? Shiller's take on housing hot spots Bond guru: Taper not coming until 2014 More News from 'Around the Web' Market Watch - 5:09PM Lew: Washington too calm given looming debt limit Reuters - 5:08PM Wells Fargo fails to end U.S. mortgage fraud lawsuit Market Watch - 5:08PM J.P. Morgan offers $3 billion to settle cases SEC - 5:03PM SEC Charges Two Bank Executives for Financial Misstatements and Failure to Disclose Probable Loss on Troubled Loan CNBC - 5:03PM Did someone know early about last week's Fed release? Reuters - 1:36PM JPMorgan in talks to settle MBS case in Calif. -sources CNN - 1:29PM Glitch delays checks for 80,000 jobless Californians Reuters - 1:29PM Wells Fargo fails to win dismissal of U.S. mortgage fraud case Bloomberg - 1:25PM Government Shutdown May Harm US Credit Quality, Moody's Says - Bloomberg CNBC - 1:12PM Some traders got 'no taper' decision news early CNBC - 11:58AM Forget easing prices, new homes are up, up, up Washington Post - 11:56AM AIG CEO: Anger over AIG bonuses 'just as bad' as lynchings Reuters - 11:55AM Exclusive: JPMorgan in late California MBS case settlement talks - sources CNBC - 11:54AM CNBC Transcript: New York Federal Reserve Bank President William Dudley Speaks with CNBC's Steve Liesman Today The Huffington Post - 9:38AM Bank Of America Goes To Trial Over Mortgage Fraud Charges Bloomberg - 9:36AM KB Home Reports Higher Quarterly Profit as Prices Rise - Bloomberg Reuters - 9:36AM U.S. home prices gain in July at slower pace: S&P WSJ - 9:36AM Fed's Dudley: Taper Remains Possible This Year CNN - 8:24AM Big banks charged with causing credit union failures The Huffington Post - 8:03AM Sheila Bair: Janet Yellen Botched Glass-Steagall, But Should Still Be Fed Chair Today's Comments MND NewsWire - 12:13AM "Wow, lenders are still allowed to take credit scores, employment history, and income into account without violating Fair Lending laws or ECOA? That's awesome...." MBS Commentary - 9:26AM "great post MG!..." MND NewsWire - 3:07PM "How about the 4 R's plaguing borrowers: Recession, excessive governmental Regulations, Reduced incomes, and Rising Rates?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.39% -0.03 15 Yr FRM 3.50% -0.03 FHA 30 Year Fixed 4.10% -0.04 Jumbo 30 Year Fixed 4.38% -0.02 5/1 Yr ARM 3.10% -0.02 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 4.75% 0.39 -0.05 15 Yr. Fixed 3.81% 0.34 -0.02 30 Yr. Jumbo 4.83% 0.33 -0.01 30 Yr. FHA 4.50% 0.41 -0.06 5/1 ARM 3.54% 0.43 -0.05 Freddie Mac ** 30 Yr. Fixed 4.50% 0.70 -0.07 15 Yr. Fixed 3.54% 0.70 -0.05 1 Yr. ARM 2.65% 0.40 -0.02 5/1 Yr. ARM 3.11% 0.50 -0.11 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 97.20 +0.42 30YR FNMA 3.5 101.38 +0.36 30YR GNMA 3.0 98.08 +0.50 30YR GNMA 3.5 102.41 +0.38 15YR FNMA 3.0 103.13 +0.16 15YR FNMA 2.5 100.02 +0.28 Treasuries Yield Change 2 YR 0.3303% -0.0041 5 YR 1.4242% -0.0247 10 YR 2.6552% -0.0456 30 YR 3.6707% -0.0570 Prices as of: 9/24/2013 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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