Daily Newsletter: Mortgage Rates Much Lower After Debt Deal; Fannie Mae Sees Higher Rates in 2014; California Sales and Prices Drop

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30 Year Fixed 4.29%   -0.10 15 Year Fixed 3.41%   -0.07 10YR Treasury 2.59%   -0.0748 FNMA 30YR 3.5 101.92   +0.56 FNMA 15YR 2.5 103.50   +0.31 View Today's Rates

Thursday October 17, 2013 Mortgage Rate Watch - 5:10PM Mortgage Rates Much Lower After Debt Deal Mortgage rates fell significantly today, returning in line with the lowest levels seen in recent weeks for some lenders. Not every lender experienced the improvement in the same way ... MND NewsWire - 1:20PM Rising Rates and End of QE in 2014 - Fannie Mae Some of the gist of Fannie Mae's October Economic Forecast, released Thursday but written late last week, was made obsolete when the government shutdown ended last evening, but the ... MND NewsWire - 6:25PM Home Sales and Prices Fall in California; Shutdown Weakens October Outlook Home sales in California were down over 5 percent in September as buyers, according to the California Association of Realtors® (C.A.R.) reacted to rising rates and economic uncertainty ... MND NewsWire - 1:27PM Home Improvement Spending to Level in mid-2014 LIRA, a forward looking indicator of remodeling activity, continues to project a double digit annual increase in home improvement spending through this quarter and the first quarter ... MBS RECAP: Strong Gains Bring Bonds Back to Pre-Shutdown Levels 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 S&P 500 closes at record high Countdown to next shutdown: 90 days Santelli's Midday Bond Report More News from 'Around the Web' CRL - 6:26PM Fixing What Went Wrong and Building on What Works in Housing Finance The Huffington Post - 6:26PM Carl Gibson: Richmond, California Mayor Occupies Wall Street WSJ - 6:26PM Inflation Data to Be Screwed Up for Months WSJ - 4:44PM When Will Labor Department Reports Be Released? Reuters - 4:14PM Fed needs 'couple of meetings' before cutting QE3: Evans DataQuick - 4:12PM September Bay Area Home Sale Press Release Reuters - 4:04PM Wells Fargo cuts 925 more mortgage jobs Bloomberg - 4:03PM Kocherlakota Says Higher Inflation Shouldn't Stop Fed Stimulus - Bloomberg www.cfpbmonitor.com - 3:59PM CFPB proposes final interim mortgage servicing rule Reuters - 2:53PM Deutsche Bank unit to pay $11 million to end Nevada mortgage probe Reuters - 2:52PM HSBC hit with $2.46-billion judgment in U.S. class action Bloomberg - 1:21PM Fed's Evans Sees QE Tapering Postponed After Data Shutdown - Bloomberg Bloomberg - 1:21PM Credit Swaps in U.S. Decline to Five-Month Low After Fiscal Deal - Bloomberg Reuters - 12:18PM Wall Street turns to fundamentals, and the picture sours Fannie Mae - 11:28AM News Release - Fiscal Debate Weighs on Fragile Economic ... Washington Post - 10:53AM Flipping homes goes high-end Reuters - 10:21AM Fed official sees signs of U.S. housing bubble, warns on MBS buys freddiemac.mwnewsroom.com - 10:20AM Freddie Mac: Fixed Mortgage Rates Edge Higher Bloomberg - 8:44AM BBT Profit Declines 43% as Lender Incurs Charge After Tax Case Reuters - 8:42AM U.S. failure to fix fiscal 'mess' undermines Fed on jobs: Fisher Today's Comments MBS Live Chat - 11:34AM "Who would you guys suggest for studying material on the national test? I was going to take it in the next two weeks...." MBS Live Chat - 11:35AM "it's really basic CM, 25 questions, you can get 95%+ without studying...." MBS Live Chat - 11:36AM "I meant the federal test. I have not taken any of them since I have been on the federal side for 3+ years..." MBS Live Chat - 11:37AM "shoot me your email address and I'll send you a study guide..." MBS Live Chat - 11:38AM "I think Chris is talking about the full SAFE test, not the UST..." MBS Live Chat - 11:42AM "yes, national safe act test is not easy and you should really study for it...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.29% -0.10 15 Yr FRM 3.41% -0.07 FHA 30 Year Fixed 4.00% -0.06 Jumbo 30 Year Fixed 4.30% -0.06 5/1 Yr ARM 3.17% +0.05 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 97.77 +0.69 30YR FNMA 3.5 101.92 +0.56 30YR GNMA 3.0 98.59 +0.72 30YR GNMA 3.5 102.80 +0.56 15YR FNMA 3.0 103.50 +0.31 15YR FNMA 2.5 100.55 +0.39 Treasuries Yield Change 2 YR 0.3143% -0.0201 5 YR 1.3357% -0.0573 10 YR 2.5940% -0.0748 30 YR 3.6646% -0.0596 Prices as of: 10/17/2013 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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