Daily Newsletter: Mortgage Rates Barely Budge Despite Shutdown; Home Prices Losing Upward Momentum; Shutdown Updates From Freddie and HUD

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30 Year Fixed 4.30%   +0.01 15 Year Fixed 3.41%   +0.00 10YR Treasury 2.65%   +0.0310 FNMA 30YR 3.5 101.63   -0.25 FNMA 15YR 2.5 103.30   -0.22 View Today's Rates

Tuesday October 1, 2013 Mortgage Rate Watch - 5:05PM Mortgage Rates Barely Budge Despite Govt. Shutdown Mortgage rates were flat to slightly higher today, depending on the lender. Overall, rates are still very close to their best levels since June 19th with Friday being the only noticeably ... MND NewsWire - 11:30AM Pace of Home Price Growth Moderating: CoreLogic Home prices continued to increase in August, but the breakneck pace of earlier months moderated a bit CoreLogic said today. Its Home Price Index (HPI) , including distressed sales, ... MND NewsWire - 1:07PM Shutdown Updates From Freddie Mac and HUD Freddie Mac wants its customers and business partners to know they are open for business and largely unaffected by the government shutdown. Despite their conservatorship status, Freddie ... MBS Commentary - 11:59AM MBS MID-DAY: Chart Shows (Lack of) Impact From Shutdown MBS Live : MBS Morning Market Summary The government shutdown happened overnight, but you might not know it judging by the state of financial markets this morning. In fact, you could ... Fannie Mae Portfolio Continues Contracting; Delinquencies Decline Check out the FHA's QM Program Rules; New Penn Roles out Mini-Correspondent; DO Price Increase New HUD QM Definition: Biggest Impact, Lower Lender Legal Costs Shiller Sees no Housing Bubble, but Perhaps a 'Bubble Mentality' Who Owns an LO's Client List? The FHA Needs How Much? The MBA Addresses the Shutdown Latest Video Markets not worried about debt ceiling: Jeff Cox Government shutdown could last 1 week Market doesn't like uncertainty: Pro More News from 'Around the Web' CNN - 5:23PM Shutdown 1st day: Furloughs for many, some jobs are saved freddiemac.mwnewsroom.com - 4:39PM Freddie Mac Announces Settlements Totaling More Than $1.3 Billion With Major Financial Institutions WSJ - 4:10PM Which Government Workers Are Affected by Shutdown? Bloomberg - 4:09PM Bill Gross Says U.S. Will Avoid 'Catastrophic' Default on Debt - Bloomberg www.gallup.com - 2:54PM U.S. Economic Confidence Dips During Budget Battle business.time.com - 2:50PM Larry Summers: Government Shutdown 'Beyond Belief' WSJ - 2:50PM Fears of Stalling Housing Recovery Are Overblown Bloomberg - 2:28PM Shutdown Psychology Made Simple CNBC - 2:24PM U.S. government shuts down and the stock market rallies...huh? Reuters - 1:47PM Wall Street banks likely stung again by bad bond-trading quarter SEC - 1:45PM SEC Awards More Than $14 Million to Whistleblower WSJ - 12:43PM The Basics: Understanding Concepts Behind the Budget Battle Washington Post - 12:34PM Australia had a government shutdown once. It ended with the Queen firing everyone in Parliament. CNN - 12:30PM Bank CEOs to meet with Obama Wednesday CNBC - 12:27PM Corporate profit outlook weak and getting weaker www.csbs.org - 12:27PM Five More States to Use Uniform Mortgage Test; 35 States Now Using the Test WSJ - 10:57AM Apartment Market Tightens as Housing Costs Jump CNBC - 10:52AM For housing, shutdown is 'freeze of the pipeline' WSJ - 9:36AM Commerce Dept Likely To Cancel Release Of U.S. Construction Data www.corelogic.com - 9:36AM CoreLogic Reports Home Prices Rise by 12.4 Percent Year Over Year in August Today's Comments MBS Live Chat - 10:39AM "From WF - According to their internal memo from this morning…they will continue to require tax transcripts on every file, even if it delays funding. This requirement will not be waived...." MBS Live Chat - 9:33AM "from what I've been told, you won't be able to get 4506-T's processed..." MBS Live Chat - 9:18AM "Did I read somewhere in the newstream that Labor could release the September numbers if the Administration requests?..." MBS Live Chat - 9:20AM "yes, that's a bit unclear still AP...." MBS Live Chat - 8:15AM "ADP will still report..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.30% +0.01 15 Yr FRM 3.41% +0.00 FHA 30 Year Fixed 4.02% +0.02 Jumbo 30 Year Fixed 4.34% +0.01 5/1 Yr ARM 3.13% +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 4.62% 0.41 -0.13 15 Yr. Fixed 3.68% 0.28 -0.13 30 Yr. Jumbo 4.66% 0.29 -0.17 30 Yr. FHA 4.32% 0.37 -0.18 5/1 ARM 3.39% 0.35 -0.15 Freddie Mac ** 30 Yr. Fixed 4.32% 0.70 -0.18 15 Yr. Fixed 3.37% 0.70 -0.17 1 Yr. ARM 2.63% 0.40 -0.02 5/1 Yr. ARM 3.07% 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 97.47 -0.28 30YR FNMA 3.5 101.63 -0.25 30YR GNMA 3.0 98.28 -0.23 30YR GNMA 3.5 102.47 -0.25 15YR FNMA 3.0 103.30 -0.22 15YR FNMA 2.5 100.34 -0.25 Treasuries Yield Change 2 YR 0.3326% +0.0119 5 YR 1.4222% +0.0342 10 YR 2.6464% +0.0310 30 YR 3.7127% +0.0193 Prices as of: 10/1/2013 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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