Daily Newsletter: Mortgage Rates Bounce Back; Bonds Improve After Yellen; Primary vs Secondary Mortgage Rate Spreads; Applications Continue to Fall

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30 Year Fixed 4.42%   -0.04 15 Year Fixed 3.50%   -0.03 10YR Treasury 2.72%   -0.0520 FNMA 30YR 3.5 100.97   +0.38 FNMA 15YR 2.5 103.11   +0.16 View Today's Rates

Wednesday November 13, 2013 Mortgage Rate Watch - 5:11PM Mortgage Rates Bounce Back Mortgage rates fell today , erasing yesterday's weakness in many cases. There were no significant events in the morning, but bond markets had already improved overnight in Asia and ... MBS Commentary - 5:09PM MBS RECAP: Significant Improvement Following Yellen Remarks MBS Live : MBS Afternoon Market Summary Janet Yellen's prepared remarks for tomorrow's confirmation hearing were released at 4:30pm today. While there was little reason to expect a ... MND NewsWire - 2:25PM Closer Look Gap Between Primary and Secondary Mortgage Rates Primary-Secondary Spread is the difference between an average mortgage interest rate and a representative yield on newly issued agency mortgage-backed securities (MBS) based on that ... MND NewsWire - 8:40AM Mortgage Applications Continue to Slide; Previous Week Revised In addition to releasing data on mortgage application activity for the week ended November 8, the Mortgage Bankers Association (MBA) revised its numbers from the week ended November ... CFPB & HUD Reviewing Green Tree and Overdraft Programs; Investor Updates; 39 Days Until QM Overwhelming Majority of Refinances are 30yr Fixed, no Cash-Out; 15yr Terms on the Rise 52 Million Mortgages, Fewer Delinquencies, Higher Credit Scores Homeowner Savings through HAMP top $22 Billion Mortgage Credit Availability Loosened Slightly in October NAR Urges Congress to Prioritize Housing Policy Latest Video Yellen testimony: Details in the Q&A Pulte CEO: Housing has long-term upside Cashin says: Market will heat up Thursday More News from 'Around the Web' www.nytimes.com - 5:31PM Tracking Fed Officials' Comments on Tapering House Financial Services - 4:45PM Subcommittee Hearing Finds Fed's 'Dual Mandate' Unusual, Sows Uncertainty CNBC - 4:41PM Yellen, in prepared remarks: 'We have farther to go to regain the ground lost in the crisis' Bloomberg - 3:32PM HUD Said to Fail in Bid to Sell $450 Million of Bad Mortgages - Bloomberg DataQuick - 3:32PM October Bay Area Home Sale Press Release CNBC - 2:37PM Asset managers face scrutiny Market Watch - 2:37PM Stocks hit session highs on Yellen talk Reuters - 2:37PM Analysis: Time for Fed to accept that U.S. growth not what it used to be? Reuters - 2:37PM JPMorgan continues work on final deal with regulators, executive says Market Watch - 1:17PM Treasurys hold gains after 10-year note auction CNN - 1:16PM Why the Tea Party may delay Yellen's confirmation WSJ - 12:13PM Plots & Ploys: Sale of the Century www.aei-ideas.org - 12:10PM Do Fed critics really think the US economy would be stronger with tighter monetary policy? Market Watch - 11:44AM Financial Stocks: Fannie, Freddie up on talk of hedge-fund interest Washington Post - 11:44AM Wonkblog: Nine questions the Senate should ask Janet Yellen WSJ - 10:52AM Cleveland Fed's Pianalto Praises Yellen Ahead of Confirmation Hearing Market Watch - 10:49AM Bond Report: Treasurys gain as global markets take off risk Bloomberg - 10:48AM Great Rotation Seen Muted by Pension-Fund Demand: Credit Markets - Bloomberg CNBC - 9:38AM Ex-Fed official: 'I'm sorry for QE' CNBC - 8:38AM Mortgage applications dip in latest week Today's Comments MBS Live Chat - 1:46PM "What is cooking right now that is pushing MBS?..." MBS Live Chat - 1:52PM "illiquidity is all I got for now. 10's say it should bounce back. Could be nothing more than market making and position shuffling...." MBS Live Chat - 2:05PM "10s were correct..." MBS Live Chat - 2:41PM "I would think Yellen will spend some time defending the Feds easy monetary policy..." MBS Live Chat - 2:45PM "last major instance of Yellen-speak was about a month ago. She said there's some progress but more needs to be done to strengthen economy. "too many people still can't find a job." She noted need for vigorous debate followed by Fed uniting behind the decision. I don't feel like she's blindly in favor..." MBS Live Chat - 3:11PM "having a debate about IPC's (Seller concession) - anyone have any info on why a Seller concession could not be used to pay a buyer agents comission shortage?..." MBS Live Chat - 3:17PM "Probably because the seller concession is supposed to benefit the buyer, not their agent?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.42% -0.04 15 Yr FRM 3.50% -0.03 FHA 30 Year Fixed 4.19% -0.06 Jumbo 30 Year Fixed 4.36% -0.02 5/1 Yr ARM 3.22% +0.03 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 4.32% 0.42 -0.01 15 Yr. Fixed 3.44% 0.30 +0.02 30 Yr. Jumbo 4.37% 0.26 +0.01 30 Yr. FHA 4.07% 0.22 +0.01 5/1 ARM 3.08% 0.31 -0.09 Freddie Mac ** 30 Yr. Fixed 4.16% 0.80 +0.06 15 Yr. Fixed 3.27% 0.70 +0.07 1 Yr. ARM 2.61% 0.50 -0.03 5/1 Yr. ARM 2.96% 0.50 +0.00 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 96.72 +0.42 30YR FNMA 3.5 100.97 +0.38 30YR GNMA 3.0 97.72 +0.44 30YR GNMA 3.5 101.94 +0.42 15YR FNMA 3.0 103.11 +0.16 15YR FNMA 2.5 99.94 +0.23 Treasuries Yield Change 2 YR 0.3100% -0.0198 5 YR 1.3873% -0.0673 10 YR 2.7218% -0.0520 30 YR 3.8254% -0.0319 Prices as of: 11/13/2013 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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