Daily Newsletter: Mortgage Rates Higher; Possible RESPA Disclosure Change Announcement; Argument For Reducing MBS Purchases; California Sales Slide

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30 Year Fixed 4.33%   +0.03 15 Year Fixed 3.42%   +0.02 10YR Treasury 2.71%   +0.0429 FNMA 30YR 3.5 101.52   -0.34 FNMA 15YR 2.5 103.42   -0.23 View Today's Rates

Tuesday November 19, 2013 Mortgage Rate Watch - 4:51PM Mortgage Rates Rise Ahead of Important Data Mortgage rates broke their 4-day winning streak, moving just slightly higher in most cases. Some lenders fared worse than others and many recalled initial rate sheets for a mid-day ... MND NewsWire - 10:37AM RESPA-TILA Disclosure Change Announcement; No Exemption for Small Lenders One day before a scheduled Consumer Financial Protection Bureau (CFPB) "field hearing" in Boston, Bloomberg is reporting that its Director, Richard Cordray. will use the occasion to ... Pipeline Press - 10:02AM The Argument for the Fed Reducing MBS Purchases; 35 business days til QM; PACE Loan Update For today’s history lesson, exactly 150 years ago US President Abraham Lincoln delivered the two minute Gettysburg Address. Sometimes it feels like that was about when I had my ... MND NewsWire - 2:34PM California Sales Slide Again, Shutdown Gets Partial Blame The government shutdown and the typical end of summer doldrums dragged California home sales down in October, the third straight month of falling sales. The California Association of ... MBS RECAP: Steadily Weaker All Day; Bigger Day Tomorrow The Day Ahead: Testing Lower Rate Waters, Waiting For Wednesday Builders Blame Congress For Home-Buying Headwinds Why You Should Care about Mount Holly Gardens; Thoughts on M&A for Lenders; 36 business Days for QM Biggest Home Price Gains Since Collapse; Potential Shift Ahead Latest Video Harris: Yellen would like to end QE Consumers putting more money into homes: Pro Census bureau responds to 'fake' jobs report More News from 'Around the Web' Bloomberg - 5:16PM Fed's Evans Says Bond Buying May Total More Than $1.5 Trillion - Bloomberg Google News - 5:13PM Realtors® Demand Immediate Relief for Homeowners Impacted by Unforeseen and Exponential Increases in Flood Insurance Premiums WSJ - 4:30PM Yellen Responds to Senators' Questions Following Hearing Bloomberg - 3:58PM Bank Bashers Will Regret Their Zeal - Bloomberg WSJ - 3:00PM How Would Fed Deal With Debt Ceiling Crisis? Look to Minutes for Clues www.justice.gov - 2:59PM Justice Department, Federal and State Partners Secure Record $13 Billion Global Settlement with JPMorgan for Misleading Investors About Securities Containing Toxic Mortgages Reuters - 2:10PM Fed's Yellen: policy to stay easy after threshold crossed -letter freddiemac.mwnewsroom.com - 2:07PM 2014: The Emerging Purchase Market webfeeds.brookings.edu - 12:40PM Residential Property Taxes in the United States www.treasury.gov - 12:39PM Making Home Affordable Heads to the Sunshine State to Help Struggling Homeowners Reuters - 12:06PM Lew says big budget deal unlikely without revenues The Huffington Post - 12:05PM Big Banks Prepared For U.S. Default www.aei-ideas.org - 10:48AM More evidence 'average is over' and the US middle class is thinning Reuters - 10:43AM JPMorgan $13 billion mortgage deal expected Tuesday NY Fed - 10:39AM Home Price Conditions interactive maps and charts updated as of September 2013 NAHB - 10:10AM Developers? Sentiment About Multifamily Market Off Recent Peak, but Remains Positive Market Watch - 8:53AM Treasurys slip ahead of Bernanke, FOMC minutes Reuters - 8:53AM Home Depot raises outlook again after strong quarter Reuters - 8:52AM U.S. labor costs point to still-benign inflation nypost.com - 8:51AM Census 'faked' 2012 election jobs report Today's Comments MBS Live Chat - 1:29PM "I am right on the fence..." MBS Live Chat - 1:29PM "I think markets are too..." MBS Live Chat - 1:30PM "and I'm not just saying that. 2.671 is the 5-yr moving average in 10s...." MBS Live Chat - 1:30PM "so really is a roll of the dice which way we go this week?..." MBS Live Chat - 1:32PM "I live in the if unsure lock school these days! so I will recomend locking.Thanks..see you helped just giving me that!..." MBS Live Chat - 1:33PM "yeah, I think the broad-scale "orbiting" around 2.671 (Since JUNE, mind you!) is indicative of a massive-scale uncertainty, so at least you're not alone there)...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.33% +0.03 15 Yr FRM 3.42% +0.02 FHA 30 Year Fixed 4.01% +0.01 Jumbo 30 Year Fixed 4.31% +0.01 5/1 Yr ARM 3.25% +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 4.32% 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 4.35% 0.70 +0.19 15 Yr. Fixed 3.35% 0.70 +0.08 1 Yr. ARM 2.61% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.40 +0.05 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 97.22 -0.42 30YR FNMA 3.5 101.52 -0.34 30YR GNMA 3.0 98.33 -0.27 30YR GNMA 3.5 102.58 -0.27 15YR FNMA 3.0 103.42 -0.23 15YR FNMA 2.5 100.28 -0.34 Treasuries Yield Change 2 YR 0.2943% +0.0121 5 YR 1.3565% +0.0427 10 YR 2.7104% +0.0429 30 YR 3.8026% +0.0448 Prices as of: 11/19/2013 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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