Daily Newsletter: Mortgage Rates Lower for 4th Straight Day; Builders Blame Congress for Home-Buying Headwinds

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30 Year Fixed 4.30%   -0.05 15 Year Fixed 3.40%   -0.04 10YR Treasury 2.67%   -0.0394 FNMA 30YR 3.5 101.86   +0.38 FNMA 15YR 2.5 103.66   +0.20 View Today's Rates

Monday November 18, 2013 Mortgage Rate Watch - 4:55PM Mortgage Rates Lower for 4th Straight Day Mortgage rates moved noticeably lower to begin the week, continuing a winning streak that began last Wednesday. Today's improvement brings the total improvement over 4 days to one-eighth ... MND NewsWire - 10:50AM Builders Blame Congress For Home-Buying Headwinds Builder confidence in the market for newly constructed homes remains only moderately positive according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market ... MBS Commentary - 7:53AM The Week Ahead: Slow Start, then FOMC Minutes and Important Data Last Week - Holiday-shortened week began with bonds on the ropes after NFP - Bonds rallied on Wednesday after release of Yellen's prepared remarks - Rally extended on Thursday during ... Pipeline Press - 9:20AM Why You Should Care about Mount Holly Gardens; Thoughts on M&A for Lenders; 36 business Days for QM There is an abundance of smaller lenders who would rather focus on funding loans than on focus on compliance, and an abundance of companies with strong compliance departments looking ... MBS RECAP: Bond Markets Improve on Weak Data, Friendly Fed Biggest Home Price Gains Since Collapse; Potential Shift Ahead Judicial States Working Through Huge Backlog of Distressed Properties Housing Affordability Eroded Dramatically by 'Perfect Storm' in Q3 Latest Video JPM settlement: What the big bank is actually paying Santelli Exchange: Not seeing normalization from Fed Dow, S&P 500 reach new highs More News from 'Around the Web' Bloomberg - 4:54PM JPMorgan Said to Agree to Cover Some WaMu Costs on Mortgage Deal - Bloomberg www.coloradoattorneygeneral.gov - 4:54PM ATTORNEY GENERAL INDICTS FRAUD SCHEME TARGETING DISTRESSED HOMEOWNERS Reuters - 4:29PM Fed's Dudley 'hopeful' on recovery; Plosser calls for capping QE National Housing Conference - 3:04PM What the duty-to-serve concept in mortgage finance really means Market Watch - 1:54PM Fed's Plosser: Time to bring QE3 to an end Reuters - 1:22PM Fed's message of no rate hike until 2015 is sinking in: study Bloomberg - 1:22PM Dudley 'More Hopeful' Economy Rebounding as Fiscal Drag Wanes - Bloomberg CNBC - 12:31PM Fed's Dudley: I'm 'getting more hopeful' on US economic recovery WSJ - 11:36AM Fed's Rosengran Calls for Larger Capital Cushions Bloomberg - 10:54AM Yellen's Labor Gauges Support Easier-for-Longer Policy: Economy - Bloomberg Bloomberg - 10:54AM Funds Rejecting Fed as Reckless See Loss in '13: Credit Markets - Bloomberg CNBC - 10:22AM Home builder confidence flat amid rising costs CNBC - 9:34AM US stocks open higher, S&P 500 clears 1,800; Dow hits 16,000 news.google.com - 9:03AM The Morning Ledger: Wal-Mart Warns of Unhappy Holidays - Wall Street Journal Market Watch - 9:02AM Treasurys edge up ahead of Fed speakers Reuters - 8:15AM Futures tick up as Fed remains focus; resistance looms Reuters - 8:14AM JPMorgan Chase to pay $4.5 billion in mortgage security deal Bloomberg - 8:13AM S&P Loses Bid to End California's Mortgage Ratings Suit - Bloomberg Reuters - 8:13AM Ackman's Pershing Square takes big stakes in Freddie, Fannie CNBC - 8:11AM This real estate bubble may have burst: WSJ Today's Comments MBS Commentary - 9:56AM "Great analysis. It's almost spooky how the TSY chart is following same pattern as 2010/2011. Now if you can eventually convince it to repeat 2nd half 2012/first half 2013, lots of folks will buy homes and save big money refinancing!..." MBS Live Chat - 3:05PM "Does anyone know where I can get a good graph showing average mortgage rates for the past 5 to 10 years? I'm working on a presentation and I need o find one. Thanks in advance...." MBS Live Chat - 3:05PM "http://www.mortgagenewsdaily.com/data/30-year-mortgage-rates.aspx..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.30% -0.05 15 Yr FRM 3.40% -0.04 FHA 30 Year Fixed 4.00% -0.08 Jumbo 30 Year Fixed 4.30% -0.03 5/1 Yr ARM 3.25% +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 4.35% 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 97.64 +0.42 30YR FNMA 3.5 101.86 +0.38 30YR GNMA 3.0 98.59 +0.31 30YR GNMA 3.5 102.84 +0.38 15YR FNMA 3.0 103.66 +0.20 15YR FNMA 2.5 100.63 +0.27 Treasuries Yield Change 2 YR 0.2822% -0.0120 5 YR 1.3138% -0.0327 10 YR 2.6675% -0.0394 30 YR 3.7578% -0.0369 Prices as of: 11/18/2013 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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