Daily Newsletter: Mortgage Rates Maintain Eery Silence; Shutdown Increasingly Hurts Housing; Vampires and Zombies!

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30 Year Fixed 4.28%   -0.01 15 Year Fixed 3.40%   +0.00 10YR Treasury 2.61%   -0.0109 FNMA 30YR 3.5 101.97   +0.16 FNMA 15YR 2.5 103.53   +0.17 View Today's Rates

Thursday October 3, 2013 Mortgage Rate Watch - 5:01PM Mortgage Rates Maintain Eery Silence at Recent Lows Mortgage rates were relatively unchanged again today, marking the 5th day in a row near current levels. If there's a bias, it has been modestly lower, but only just. This means that ... MND NewsWire - 1:52PM If Prolonged, Shutdown Will Increasingly Hurt Mortgages, Housing, and Economy - MBA's Stevens With the government shutdown now in its third day and the debt ceiling deadline looming there are increasing signs that some financial players are growing less sanguine. This morning ... MND NewsWire - 10:34AM Vampires and Monsters and Zombies, Oh My Vampire REOs and Zombie Foreclosures star in a brief report issues by RealtyTrac this morning. These " Monsters of the Housing Market ," the company says, at least partially explains ... MND NewsWire - 12:20PM If Policymakers "Get it together" Housing Picture Looks Bright While he anticipates that the current government shutdown will be short-lived, Moody Analytics Chief Economist Mark Zandi said yesterday that "If policymakers can't get it together ... MBS RECAP: Reaction to ISM Data Shows Markets are Desperate for More Confusion over 4506-T and The Shutdown - Lenders & Aggregator's Various Policies Simply the Threat of US Default can Hurt Economy Freddie Mac to recover $1.3 billion from Wells, Citi, and Suntrust Shutdown Chatter; Maxine Waters Outraged by Her Own Flood Insurance Bill; M&A Activity Latest Video Potential bullish scenario for bonds: Pro Does the math still work on buying rental properties? When will housing feel pinch of shutdown? More News from 'Around the Web' www.cfpbmonitor.com - 5:24PM HUD issues proposed rule on qualified mortgage definition for HUD insured and guaranteed single family mortgages CNBC - 4:30PM Pentagon had shutdown spending spree WSJ - 3:29PM Fed Survey Finds Fixed-Income Market Conditions Deteriorated May-July WSJ - 2:42PM Fed's Lockhart: Prolonged Shutdown Makes October Taper Less Likely Market Watch - 2:41PM Treasury market functioned poorly in summer: Fed CNBC - 2:39PM Boehner spokesperson comments on debt limit stance Market Watch - 1:25PM Banks abandon mortgage preapprovals webfeeds.brookings.edu - 1:09PM Time to Change the Way We Elect Congressional Leaders freddiemac.mwnewsroom.com - 1:07PM Freddie Mac: Fixed Mortgage Rates Fall for Third Consecutive Week SIFMA - 1:07PM SIFMA Statement and Fact Sheets on the Debt Default Threat www.nytimes.com - 12:54PM Boehner Tells Republicans He Won't Let the Nation Default Bloomberg - 11:34AM Fed's Williams Sees Unconventional Stimulus for Next Few Years - Bloomberg House Financial Services - 11:16AM Hensarling Statement on Five-Year Anniversary of TARP Reuters - 10:40AM U.S. service sector growth slows in Sept: ISM CNBC - 10:40AM Treasury warns of harm from default NAHB - 10:33AM NAHB: Housing Recovery Picks Up Steam Despite Persistent Headwinds Reuters - 10:32AM U.S. regulators release biggest banks' second set of 'living wills' CNBC - 10:31AM US Treasury warns that default could cause huge economic crisis CNBC - 10:31AM What you need to know about mortgage fraud CNBC - 9:36AM Countdown: Worst 10 states for mortgage fraud Today's Comments MBS Live Chat - 10:09AM "if the the government were to open tomorrow, I'm assuming we would still not receive NFP, right?..." MBS Live Chat - 10:09AM "I haven't seen a definitive statement on that eventuality..." MBS Live Chat - 10:09AM "i think they will release a schedule for when the data would be released..." MBS Live Chat - 10:12AM "The policy on unpublished reports hasn't been published yet...." MBS Live Chat - 10:19AM "looks like BLS heard us..." MBS Live Chat - 10:19AM "RTRS- U.S. LABOR DEPARTMENT CONFIRMS MONTHLY JOBS REPORT WILL NOT BE ISSUED ON FRIDAY, SAYS AN ALTERNATIVE RELEASE DATE HAS NOT BE SET..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.28% -0.01 15 Yr FRM 3.40% +0.00 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.32% -0.01 5/1 Yr ARM 3.11% -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 4.49% 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 4.22% 0.70 -0.10 15 Yr. Fixed 3.29% 0.70 -0.08 1 Yr. ARM 2.63% 0.40 +0.00 5/1 Yr. ARM 3.03% 0.60 -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 97.81 +0.19 30YR FNMA 3.5 101.97 +0.16 30YR GNMA 3.0 98.61 +0.17 30YR GNMA 3.5 102.78 +0.13 15YR FNMA 3.0 103.53 +0.17 15YR FNMA 2.5 100.56 +0.11 Treasuries Yield Change 2 YR 0.3170% -0.0039 5 YR 1.3604% -0.0211 10 YR 2.6064% -0.0109 30 YR 3.7065% +0.0061 Prices as of: 10/3/2013 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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