Daily Newsletter: Mortgage Rates Hit 4-Month Lows; Homebuyers Lose Again to Tighter FHA Guidelines; Mortgage Industry Layoffs

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30 Year Fixed 4.27%   -0.02 15 Year Fixed 3.39%   -0.02 10YR Treasury 2.59%   -0.0054 FNMA 30YR 3.5 102.00   +0.08 FNMA 15YR 2.5 103.58   +0.08 View Today's Rates

Friday October 18, 2013 Mortgage Rate Watch - 5:01PM Mortgage Rates Hit 4-Month Lows Mortgage rates fell only slightly today, but with yesterday already near 4-month lows, today's moderate improvement makes it official--at least in terms of closing cost. The actual ... MND NewsWire - 5:11PM Homebuyers Lose Again As FHA Tightens Guidelines Despite declining FHA loan originations (from 120,917 in April 2013 to 105,995 in July), HUD issued Mortgagee Letter 2013-24 on August 15, tightening FHA borrower restrictions effective ... MBS Commentary - 4:50PM MBS RECAP: All Quiet With Jobs Report on Horizon MBS Live : MBS Afternoon Market Summary When the potential government shutdown became an increasing reality into late September, bond markets entered in to a narrow, sideways range ... Pipeline Press - 9:57AM Non-QM is Not the Same as Subprime; More Wells Layoffs; Rates are Cooperating (This Week) It is a proven fact that ghosts, ghouls, vampires, werewolves, and the like all live forever. (I either read it in the National Enquirer or National Mortgage News.) Which reminds me ... The Day Ahead: Watching Technical Boundaries Ahead of NFP Tuesday Home Sales and Prices Fall in California; Shutdown Weakens October Outlook Mortgage Rates Much Lower After Debt Deal Home Improvement Spending to Level in mid-2014 Rising Rates and End of QE in 2014 - Fannie Mae SunTrust & RFC Scaling Back; Compatability Survey for M&A Deals; "Can I Close My Loan Now?" The Day Ahead: Back to Business as Congress Quickly Passes Debt Deal Seasonal Sales Dip More Than Usual in Southern California HOPE NOW Retention Actions Exceed Foreclosures by 25 percent Builders and Consumers Take a Breather Amid Shutdown Home Prices Reach 2009 Levels, Gains Moderating Latest Video Fed's Evans: Taper not an option for October JPM reaches tentative settlement with FHFA: Report Big payoff for high-end home 'flippers' More News from 'Around the Web' WSJ - 4:54PM Fed's Williams: Unconventional Policies Unlikely Be Permanent CNN - 4:53PM Should real estate investors incorporate? CNBC - 4:14PM JPMorgan in $4B mortgage deal: Report Reuters - 4:14PM Data delay adds wrinkle to U.S. inflation bond sales www.aei-ideas.org - 3:28PM Isn't QE just a plot by Washington's central bankers to help Wall Street's investment bankers? Not so much Reuters - 2:53PM Fed should not raise rates to fight financial risk: Evans WSJ - 1:53PM Fed Tapering Can't Hinge on Fiscal Clarity WSJ - 1:52PM Revised Economic Data Calendar Reuters - 1:50PM U.S. data backlog a boon for computer-driven trading Market Watch - 1:44PM Foreclosures dog even wealthiest home buyers Bloomberg - 1:43PM U.S. Treasury Asks Bond Dealers About Debt Impasse Impact - Bloomberg economix.blogs.nytimes.com - 11:55AM Economix Blog: Redefining the Next Policy Debate CNBC - 11:51AM Investors high on high-end house flips CNBC - 11:50AM Why another debt limit fight is unlikely Bloomberg - 11:02AM Corporate Bond Sales in U.S. Plunge 44% in Week With Shutdown - Bloomberg news.google.com - 10:07AM Shutdown Snarls Fed's Bond-Buying Tapering Plans - Wall Street Journal CNBC - 10:03AM Buy the rumor, buy the fact? US deal greases rally The Huffington Post - 9:04AM VA Loan Program Backs All-Time Record 630,000 Mortgages www.npr.org - 9:00AM Greenspan: 'I Probably Could Have Caught' Economic Crises Today's Comments MBS Commentary - 9:27AM "Awesome analysis. Thanks MG!..." MBS Live Chat - 11:36AM "REPRICE : 11:36 AM - Provident Funding Better..." MBS Live Chat - 11:37AM "Sometimes they just don't make sense...." MBS Live Chat - 2:05PM "does anyone offer rates that are not based on the 1/8ths?..." MBS Live Chat - 2:05PM "e.g., 3.975%?..." MBS Live Chat - 2:05PM "I have seen some banks offer 3.99..." MBS Live Chat - 2:05PM "flagstar used to offer .99..." MBS Live Chat - 2:05PM "yes, Suntrust definitely does..." MBS Live Chat - 2:06PM "4.99, 5.99, etc....." Today's Rates Best Execution Rate Change 30 Yr FRM 4.27% -0.02 15 Yr FRM 3.39% -0.02 FHA 30 Year Fixed 3.98% -0.02 Jumbo 30 Year Fixed 4.28% -0.02 5/1 Yr ARM 3.19% +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 4.46% 0.31 +0.04 15 Yr. Fixed 3.53% 0.31 +0.01 30 Yr. Jumbo 4.51% 0.15 +0.06 30 Yr. FHA 4.16% 0.44 +0.01 5/1 ARM 3.25% 0.31 +0.00 Freddie Mac ** 30 Yr. Fixed 4.28% 0.70 +0.05 15 Yr. Fixed 3.33% 0.70 +0.02 1 Yr. ARM 2.63% 0.40 -0.01 5/1 Yr. ARM 3.07% 0.40 +0.02 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 97.86 +0.09 30YR FNMA 3.5 102.00 +0.08 30YR GNMA 3.0 98.75 +0.16 30YR GNMA 3.5 103.00 +0.20 15YR FNMA 3.0 103.58 +0.08 15YR FNMA 2.5 100.64 +0.09 Treasuries Yield Change 2 YR 0.3186% +0.0043 5 YR 1.3373% +0.0016 10 YR 2.5886% -0.0054 30 YR 3.6559% -0.0087 Prices as of: 10/18/2013 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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