Daily Newsletter: Mortgage Rates Higher Still; Delinquencies Down, Credit Scores Up; HAMP has Saved Homeowners $22 bln so far; NAR on Housing Policy

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30 Year Fixed 4.46%   +0.04 15 Year Fixed 3.53%   +0.03 10YR Treasury 2.77%   +0.0243 FNMA 30YR 3.5 100.59   -0.28 FNMA 15YR 2.5 102.95   -0.31 View Today's Rates

Tuesday November 12, 2013 Mortgage Rate Watch - 4:38PM Mortgage Rates Add to Friday's Weakness Mortgage rates rose slightly today , extending the losses suffered after Friday's strong employment data. There was no new reason for rates to move higher today and what little movement ... MND NewsWire - 12:58PM 52 Million Mortgages, Fewer Delinquencies, Higher Credit Scores The national mortgage delinquency rate was down by nearly a quarter in the June-September period compared to the third quarter of 2012, marking the seventh straight quarter in which ... MND NewsWire - 12:50PM Homeowner Savings through HAMP top $22 Billion Homeowners have saved an estimated $22.9 Billion in mortgage payments through the Home Affordable Modification Program (HAMP) since it began in 2009. The monthly report from the Making ... MND NewsWire - 10:32AM NAR Urges Congress to Prioritize Housing Policy The new president of the National Association of Realtors® (NAR) called on policymakers to making housing a priority and make the decisions necessary for a complete housing market ... Freddie Mac Signs $77 million Risk Share Agreement Overwhelming Majority of Refinances are 30yr Fixed, no Cash-Out; 15yr Terms on the Rise Freddie & QM; CFPB & Consumer DataCollection; Bank M&A Continues Mortgage Credit Availability Loosened Slightly in October The Week Ahead: Limited Data Leaves Auctions and Technicals in Focus MBS RECAP: Uneventful and in Line with Friday's Latest Levels CFPB Launches Tool to Locate Housing Counselors Mortgage Rates Crushed by Employment Report Bond Prices Tank Following Much Stronger Than Expected Payrolls Latest Video Pisani's market open: DR Horton orders disappoint Health of housing in America Cashin says: Market pricing around the Fed More News from 'Around the Web' Bloomberg - 5:03PM RBNZ Sees Signs of Loan Limits Starting to Curb Housing Demand - Bloomberg Reuters - 5:03PM Two Fed officials say aggressive policy action still needed Bloomberg - 5:03PM Congress Approval Sinks to Record Low 9 Percent in Survey - Bloomberg Reuters - 3:56PM U.S. bank regulator refines use of independent consultants www.cfpbmonitor.com - 3:47PM Mount Holly town council vote on settlement expected tomorrow DataQuick - 2:13PM October Southland Home Sale Press Release business.time.com - 2:12PM Where the Next Huge Real Estate Bubble May Be Building Bloomberg - 1:57PM This Recovery's Great If You Were Already Rich - Bloomberg freddiemac.mwnewsroom.com - 1:43PM Two-in-Five Borrowers Shorten Term When Refinancing CNBC - 1:05PM Easier to get a mortgage? For some ... Bloomberg - 12:21PM Fed's Lockhart Wants to See Higher Inflation Before QE Tapering - Bloomberg freddiemac.mwnewsroom.com - 12:20PM Freddie Mac Further Reduces Taxpayer Exposure With Credit Risk Insurance FHFA - 12:20PM Statement of FHFA Acting Director Edward J. DeMarco on Freddie Mac Insurance Risk-Sharing Transaction www.corelogic.com - 11:33AM CoreLogic Reports Home Prices Rise by 12 Percent Year Over Year in September content.govdelivery.com - 10:54AM FDIC Releases Economic Scenarios for 2014 Stress Testing WSJ - 10:29AM Three Factors That Could Shape the Fate of Housing Overhaul Bloomberg - 10:27AM Dalio Says Fed Won't Be Able to Increase Rates for Years - Bloomberg www.easyir.com - 9:27AM TransUnion: Mortgage Delinquency Rate Drops Nearly 25% in Last Year Bloomberg - 9:26AM Bank of America CEO Says U.S. Consumers Are Spending More CNBC - 8:27AM Fewer late on their mortgages Today's Comments Mortgage Rate Watch - 8:15PM "It seems as though perception is everything when it comes to MBS but this is ridiculous. .When the unemployment rate goes up and the labor participation rate drops as low as it's been in decades all you hear is "taper" talk again and rates go up. Do any of these numbers have reasonable meaning or are..." MND NewsWire - 3:02PM "How do we get this into the mainstream media? Shout it from the roof top!..." Mortgage Rate Watch - 2:33PM "That is an excellent response! And to complete it with reminding us that most of us would much prefer volatility around 4.5% vs. stability at 5.5% is right on. The only exception I might think of is for loan officers who are strictly paid a salary at certain banks. It would be one less thing for them..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.46% +0.04 15 Yr FRM 3.53% +0.03 FHA 30 Year Fixed 4.25% +0.10 Jumbo 30 Year Fixed 4.38% +0.10 5/1 Yr ARM 3.19% +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 4.32% 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 96.30 -0.22 30YR FNMA 3.5 100.59 -0.28 30YR GNMA 3.0 97.28 -0.11 30YR GNMA 3.5 101.52 -0.25 15YR FNMA 3.0 102.95 -0.31 15YR FNMA 2.5 99.70 -0.28 Treasuries Yield Change 2 YR 0.3298% +0.0160 5 YR 1.4546% +0.0379 10 YR 2.7738% +0.0243 30 YR 3.8573% +0.0083 Prices as of: 11/12/2013 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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