Daily Newsletter: Mortgage Rates Rise to 3-Week Highs; Reconsidering Death Sentence for Fannie/Freddie; One Reason Next Jobs Report Could Pack a Punch; Fiscal Headlines Causing Volatility

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30 Year Fixed 4.42%   +0.04 15 Year Fixed 3.51%   +0.04 10YR Treasury 2.73%   +0.0368 FNMA 30YR 3.5 100.89   -0.20 FNMA 15YR 2.5 102.88   -0.16 View Today's Rates

Tuesday October 15, 2013 Mortgage Rate Watch - 5:22PM Mortgage Rates Rise to 3-Week Highs Mortgage rates rose moderately today, bringing them to their highest levels since September 23rd. Though the recent move higher has happened very gradually, it's also been fairly determined ... MND NewsWire - 3:08PM Reconsidering Death Sentence For Fannie and Freddie There may be life in those old GSE bones yet. At least that is one conclusion that can be drawn from an article in Bloomberg on Tuesday. Writers Clea Benson and Cheyenne Hopkins write ... MND NewsWire - 1:26PM One Reason Next Jobs Report Could Pack Bigger Punch Markets usually react instantly to significant and unexpected financial news. But a New York Federal Reserve analyst says these reactions, rather than being knee-jerk, do take into ... MBS Commentary - 7:17AM The Week Ahead: Fiscal Headlines Free to Cause Volatility Last Week - Bond markets continue pining for economic data, resigned to following fiscal drama headlines - Said headlines provided bearish motivation (higher rate) on Wed/Thu - Bond ... MIC Cuts Back Lending due to Dodd-Frank; LO Retirement Contribution; FHA in the Shutdown CFPB Clarifies Rules for Borrower Contact Higher Down-Payment Requirements Coming in November NAR Insists Mortgage Interest Deduction be Saved (so it Probably will be) Opposing Views of FHA's Health; MERS Keeps on Truckin'; JPM and Wells Earnings Latest Video Home prices still lower, some bubble markets: Pro What a debt deal means for bonds House Rules Committee to propose debt deal More News from 'Around the Web' www.collateralvision.com - 5:10PM FNC Index: Home Prices Up 0.6% in August; Signs of Subsiding Growth Momentum WSJ - 5:10PM QE3 Critic Fisher Says Hard to Argue for October Taper Amid Washington Showdown WSJ - 5:08PM Shadow Inventory: The Zombie Meme That Won't Die CNBC - 5:08PM Fitch puts US AAA rating on rating watch negative Bloomberg - 5:08PM Ex-Countrywide Executive Denies Scheme to Mislead Buyers - Bloomberg The Huffington Post - 3:44PM Senate Talks Stalled Pending House Action: Durbin CNBC - 2:56PM Shutdown helps put the brakes on banking reforms Federal Reserve - 2:56PM Minutes of the Board's discount rates meetings from August 12 through September 16, 2013 Bloomberg - 2:22PM Reid Slams House Plan as Senate Pauses for Boehner Move - Bloomberg Reuters - 1:47PM U.S. jobs market poised for improvement: Fed study Washington Post - 12:47PM Wonkblog: The House GOP's shutdown deal is a big improvement Bloomberg - 12:44PM Mortgage-Bond Meeting Seeks to Reduce Mistrust for Revived Sales - Bloomberg Reuters - 11:44AM Fed better prepared now than in 2011 for possible U.S. default: Fisher CNBC - 11:43AM 'Too tender a moment' to cut QE: Fisher CNBC - 9:59AM House to push bill to end shutdown NY Fed - 9:58AM Dudley: Unconventional Monetary Policies and Central Bank Independence NY Fed - 9:58AM Home Price Conditions interactive maps and charts updated as of August 2013 Washington Post - 9:36AM Wonkblog: In the convenience store of the future, you can get a mortgage along with your toothpaste Bloomberg - 9:36AM David Tepper Tells CNBC That 'No Way' Fed Can Taper Stimulus - Bloomberg Washington Post - 9:32AM GOP lawmakers to meet in House, Senate; details of Senate plan being finalized Today's Comments MBS Live Chat - 11:55AM "when does the 43% Freddie/Fannie rules go into effect?..." MBS Live Chat - 11:55AM "jan 2014..." MBS Live Chat - 11:55AM "I will be interested to see if that holds....my guess is they back it down at some point....to big a disparity..." MBS Live Chat - 12:02PM "The QM starts in January, but as long as Fannie/Freddie will take it through DU/LP, you are protected..." MBS Live Chat - 12:04PM "So if they have a 49% or a 47% back end and you still get an approval, you are fine...." MBS Live Chat - 12:06PM "Until a borrower and lawyer challenge that you calculated the income wrong...." MBS Live Chat - 12:09PM "http://files.consumerfinance.gov/f/201308_cfpb_atr-qm-implementation-guide_final.pdf..." MND NewsWire - 1:36PM ""Could" may be an understatement, in my humble opinion...." MND NewsWire - 4:53PM "Let's see, G Fees boosting treasury revenues, loan quality way up (headed even higher with QM pending?), and default rates down. Maybe this whole GSE model isn't so horrific after all!..." MND NewsWire - 1:43PM "Any info on the survival of the FNMA 95 with financed MI?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.42% +0.04 15 Yr FRM 3.51% +0.04 FHA 30 Year Fixed 4.10% +0.05 Jumbo 30 Year Fixed 4.39% +0.04 5/1 Yr ARM 3.09% -0.01 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 4.42% 0.44 -0.07 15 Yr. Fixed 3.52% 0.34 -0.03 30 Yr. Jumbo 4.45% 0.21 -0.08 30 Yr. FHA 4.15% 0.37 -0.06 5/1 ARM 3.25% 0.29 -0.01 Freddie Mac ** 30 Yr. Fixed 4.23% 0.70 +0.01 15 Yr. Fixed 3.31% 0.70 +0.02 1 Yr. ARM 2.64% 0.40 +0.01 5/1 Yr. ARM 3.05% 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 96.61 -0.30 30YR FNMA 3.5 100.89 -0.20 30YR GNMA 3.0 97.47 -0.31 30YR GNMA 3.5 101.83 -0.27 15YR FNMA 3.0 102.88 -0.16 15YR FNMA 2.5 99.75 -0.14 Treasuries Yield Change 2 YR 0.3543% +0.0042 5 YR 1.4356% +0.0164 10 YR 2.7276% +0.0368 30 YR 3.7864% +0.0410 Prices as of: 10/15/2013 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. 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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