Daily Newsletter: First-Time Home Buyers Losing Market Share; Banks Tested Against Housing Crash Scenario; Less Concern over ARMs; Rates Flat

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30 Year Fixed 4.24%   -0.01 15 Year Fixed 3.35%   +0.00 10YR Treasury 2.60%   -0.0219 FNMA 30YR 3.5 102.25   +0.22 FNMA 15YR 2.5 103.77   +0.20 View Today's Rates

Monday November 4, 2013 MND NewsWire - 10:56AM First-Time Home Buyers Losing Market Share The market share of first-time homebuyers continued to decline this year, slipping one percentage point to 38 percent and down from the long-term average of 40 percent. This is one ... MND NewsWire - 10:37AM Big Banks Tested Against Rising Rates, Housing Crash Large financial institutions facing their annual round of stress tests were given their scripts by regulators on Friday. The tests are designed to identify ways these complex institutions ... MND NewsWire - 12:55PM Adjustable Rate Resets no Longer a Looming Threat One of the big worries in the early days of the housing crises were the large numbers of adjustable rate mortgages originated during the boom years that were scheduled to reset in stages ... Mortgage Rate Watch - 4:55PM Mortgage Rates Hold Ground to Begin new Week Mortgage rates were mostly flat today, though some lenders offered slightly improved rate sheets compared to Friday afternoon. The improvements would have been small enough to only ... MBS RECAP: Slow but Positive Session; Relevant Data Tomorrow Citi Non-Agency Deal; CFPB Goes After Affiliate Business Relationships; RESPA & Gifts Disparate Impact Case Settled Before Getting to Supreme Court The Week Ahead: Lots of Fed Speakers, GDP, and NFP No Leadership Change at FHFA; Watt/Democrats will Try Again Latest Video Risk of bond market bubble: Bullard Should big banks be worried? Cashin says: Keep an eye on frothiness More News from 'Around the Web' Market Watch - 4:29PM Fed's Rosengren: Dec. or April taper about same www.cfpbmonitor.com - 3:46PM CFPB to hold mortgage field hearing on November 20 Bloomberg - 2:57PM U.S. Banks Ease Standards on Business Loans, Fed Survey Shows - Bloomberg CNBC - 2:54PM Here's what may happen when the market is up this much WSJ - 1:41PM Third Quarter Likely Dragged Down by Lackluster Business Spending Reuters - 1:39PM Suntrust to add corporate banking sites in three major U.S. cities Reuters - 1:39PM Fed in no rush to cut bond buys, top policymakers say CNBC - 1:39PM 'Definitely' stock bubble brewing': Pro WSJ - 12:07PM Fed's Powell: Eventual Pullback Shouldn't Hurt Emerging-Market Economies Bloomberg - 12:02PM Gross Loses World's Largest Mutual Fund Title to Vanguard - Bloomberg Market Watch - 12:02PM Fed to try to send clear signals on taper: Powell Google News - 10:57AM Home Buyers and Sellers Survey Shows Lingering Impact of Tight Credit CNBC - 10:19AM US factory orders up 1.7% in September, matching estimates Google News - 10:19AM Realtors® Report Americans Prefer to Live in Mixed-Use, Walkable Communities www.gallup.com - 9:01AM Americans' Self-Reported Spending Up Slightly in October Market Watch - 8:58AM CME Group profit rises as trading volume leaps 11% CNBC - 8:07AM Fed's Bullard: We've made substantial progress in US labor markets Bloomberg - 1:02AM Treasuries Fall Most in 2 Months as Better Data Back Fed Taper - Bloomberg Reuters - 1:00AM Fed's Fisher says stimulus tapering will be data dependent Today's Comments MBS Commentary - 9:09AM "excellent point on NFP...." MBS Live Chat - 11:57AM "Anyone have info on the Freddie qualificaiton via Assets for income guidelines?..." MBS Live Chat - 11:58AM "Anyone doing those?..." MBS Live Chat - 12:00PM "fannie does asset depletion, freddie no..." MBS Live Chat - 12:07PM "BB - there may be "some" http://www.freddiemac.com/learn/pdfs/uw/docmatrix.pdf info here..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% -0.01 15 Yr FRM 3.35% +0.00 FHA 30 Year Fixed 3.88% -0.01 Jumbo 30 Year Fixed 4.25% +0.00 5/1 Yr ARM 3.19% +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 4.33% 0.26 -0.06 15 Yr. Fixed 3.42% 0.30 -0.09 30 Yr. Jumbo 4.36% 0.27 -0.07 30 Yr. FHA 4.06% 0.17 -0.09 5/1 ARM 3.17% 0.38 -0.08 Freddie Mac ** 30 Yr. Fixed 4.10% 0.70 -0.03 15 Yr. Fixed 3.20% 0.70 -0.04 1 Yr. ARM 2.64% 0.40 +0.04 5/1 Yr. ARM 2.96% 0.40 -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 98.17 +0.25 30YR FNMA 3.5 102.25 +0.22 30YR GNMA 3.0 99.16 +0.25 30YR GNMA 3.5 103.38 +0.22 15YR FNMA 3.0 103.77 +0.20 15YR FNMA 2.5 100.81 +0.17 Treasuries Yield Change 2 YR 0.3053% -0.0078 5 YR 1.3508% -0.0260 10 YR 2.6017% -0.0219 30 YR 3.6943% -0.0018 Prices as of: 11/4/2013 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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