Daily Newsletter: Mortgage Rates Paralyzed; Purchase Applications Fall, Refis Rise; Freddie Mac Settles with Big Lenders

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30 Year Fixed 4.29%   -0.01 15 Year Fixed 3.40%   -0.01 10YR Treasury 2.62%   -0.0291 FNMA 30YR 3.5 101.81   +0.19 FNMA 15YR 2.5 103.36   +0.06 View Today's Rates

Wednesday October 2, 2013 Mortgage Rate Watch - 4:59PM Mortgage Rates Paralyzed by Uncertainty Mortgage rates were flat to slightly lower today, depending on the lender. Taken together with the previous three days, it would be more than fair to say rates have gone dead flat since ... MND NewsWire - 9:20AM Mortgage Apps Dragged Down by Purchases; Refis Rebound as Rates Drop Even though mortgage interest rates decreased again, the Mortgage Bankers Association's (MBA's) Market Composite Index continued to see-saw, falling off slightly last week from the ... MND NewsWire - 10:18AM Freddie Mac to recover $1.3 billion from Wells, Citi, and Suntrust Freddie Mac has tentatively settled three more claims with financial institutions over representations and warranties related to single family loans. The agreements resolves claims ... Pipeline Press - 9:57AM Shutdown Chatter; Maxine Waters Outraged by Her Own Flood Insurance Bill; M&A Activity Anthony Bird, owner of Michigan's Riverbank Finance , writes, "I have done some research regarding the shutdown and how it will affect government agencies. My article is available here ... MBS RECAP: Volatility Returns; Positive Result This Time The Day Ahead: ADP Employment Called in to Work; NFP May be Furloughed Shutdown Updates From Freddie Mac and HUD Pace of Home Price Growth Moderating: CoreLogic Check out the FHA's QM Program Rules; New Penn Roles out Mini-Correspondent; DO Price Increase Latest Video Delayed monthly jobs report? Fed's Rosengren: Supported decision not to taper Day 2 of govt shutdown: Is there an end in sight? More News from 'Around the Web' Reuters - 4:54PM Fed trying to ensure small banks not hurt by new rules: Bernanke Bloomberg - 2:46PM Senate Will Move Debt-Limit Increase Without Strings, Reid Says - Bloomberg WSJ - 1:43PM Fed's Rosengren: Must Not Cut Stimulus Prematurely CNBC - 1:25PM Blankfein urges Congress not to use debt ceiling as a 'cudgel' after CEO meeting with President Obama Market Watch - 1:07PM Fed's Rosengren: Taper could last 'several years' Bloomberg - 12:50PM Gross's Flagship Had $5.4 Billion of Redemptions in Month - Bloomberg www.gallup.com - 11:58AM Before Shutdown, Government Workers Saw More Hiring www.aei-ideas.org - 11:54AM Are bonds markets starting to get skittish about the US debt ceiling debate? Bloomberg - 11:52AM Obama Brings Congressional Leaders to White House Today - Bloomberg CNBC - 11:46AM Contractors accused of emptying wrong homes National Housing Conference - 11:45AM The government shuts down...what does it mean for housing? CNBC - 10:37AM 'Octaper' killed by government shutdown CNBC - 9:59AM It suddenly dawns on market: Shutdown may drag on CNBC - 9:30AM Bill Gross: Fed will have to taper stimulus CNBC - 9:29AM New York's pricey pads selling at a four-year high Bloomberg - 8:41AM Gross Says Market Mispricing Eventual Fed Target Rate Increase - Bloomberg Reuters - 8:40AM Private sector adds 166,000 jobs in September: ADP Reuters - 8:15AM U.S. mortgage applications dip slightly though rates fall: MBA The Huffington Post - 8:15AM Banks Keep Breaking Into Houses, And Homeowners Are Fighting Back Bloomberg - 8:15AM U.S. Sovereign Credit-Default Swaps Fall as Trading Volumes Jump - Bloomberg Today's Comments MBS Live Chat - 1:09PM "Just attended a QM webinar. It struck me again that really QM is telling borrowers that if they get in over their head, it's not their fault. Most likely it's the lender's fault for giving them the loan and therefore they don't need to take personal responsibility and can sue their lender for giving..." MBS Live Chat - 1:12PM "Hi MG. Do you guys have the indexes like the Libor listed with the rates on them anywhere?..." MBS Live Chat - 1:13PM "market data tab on MND is the best place to look for that kind of thing. If you're looking for something that's not there, let us know and we'll let you know if we can add it. http://www.mortgagenewsdaily.com/data/treasuries.aspx..." MBS Live Chat - 1:36PM "NYCB is not requiring 4506-ts..." MBS Live Chat - 1:40PM "Flagstar as well waived 4506-ts (most products)..." MBS Live Chat - 2:10PM "USBank will required 4506t, but allow to close without IRS return..." MBS Live Chat - 2:11PM ""USBHM will re verify income with the IRS on all files delivered without tax transcripts due to the shutdown. This policy will be strictly adhered to."..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.29% -0.01 15 Yr FRM 3.40% -0.01 FHA 30 Year Fixed 4.00% -0.02 Jumbo 30 Year Fixed 4.33% -0.01 5/1 Yr ARM 3.13% +0.00 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 4.49% 0.34 -0.13 15 Yr. Fixed 3.55% 0.33 -0.13 30 Yr. Jumbo 4.53% 0.22 -0.13 30 Yr. FHA 4.21% 0.35 -0.11 5/1 ARM 3.26% 0.28 -0.13 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 97.63 +0.16 30YR FNMA 3.5 101.81 +0.19 30YR GNMA 3.0 98.44 +0.16 30YR GNMA 3.5 102.66 +0.19 15YR FNMA 3.0 103.36 +0.06 15YR FNMA 2.5 100.45 +0.11 Treasuries Yield Change 2 YR 0.3209% -0.0117 5 YR 1.3815% -0.0407 10 YR 2.6173% -0.0291 30 YR 3.7004% -0.0123 Prices as of: 10/2/2013 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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