Daily Newsletter: Mortgage Rates Continue Breakout Move Higher; Senate Blocks Leadership Change at FHFA

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30 Year Fixed 4.25%   +0.11 15 Year Fixed 3.35%   +0.07 10YR Treasury 2.62%   +0.0730 FNMA 30YR 3.5 102.03   -0.53 FNMA 15YR 2.5 103.56   -0.27 View Today's Rates

Friday November 1, 2013 Mortgage Rate Watch - 4:59PM Mortgage Rates Continue Breakout Move Higher Mortgage rates continued higher today , after breaking a very long, very flat streak following last week's jobs numbers. Like yesterday, today's culprit was stronger-than-expected economic ... MND NewsWire - 1:34PM No Leadership Change at FHFA; Watt/Democrats will Try Again Despite statements of support from housing advocates, industry trade groups, and the White House the Senate yesterday refused to allow a vote on the President's nominee for Director ... Pipeline Press - 9:59AM Mel Watt Nomination Blocked - For Now; New Fannie Lawsuit Provident Funding, Stearns Lending, Fifth Third Mortgage, Flagstar Bank, United Wholesale Mortgage, Nationstar Mortgage, New York Community Bank, Union Bank, Sierra Pacific Mortgage ... MBS Commentary - 4:51PM MBS RECAP: Bond Markets Retreat to Familiar Range After ISM MBS Live : MBS Afternoon Market Summary This week saw a tentative prodding of range boundaries--both long term and short term--following last week's Employment Situation Report. Wednesday ... NAR Voices Approval of Revamped QRM Senate Witnesses Agree on Need for Government MBS Guarantee Foreclosure Improvements Held Back by Judicial States Aging Housing Inventory Presents Bargain-Hunting Opportunities Suntrust Exits Wholesale; Letters from Waters & NAR; Thoughts on the MBA Conference Atmosphere California is Sellers' Market as Over-List Price Sales Soar Administration Officials Call for Up or Down Vote on Mel Watt Confirmation Latest Video Santelli's Treasury tech update Cashin says: Watch the 10-year Treasury yield The Week That Was: No Fed taper talk More News from 'Around the Web' Reuters - 4:59PM Fed officials eye inflation, jobs in dueling QE arguments SEC - 4:58PM SEC Obtains Asset Freeze in California-Based Real Estate Investment Scheme DataQuick - 4:58PM September Las Vegas Home Sale Press Release The Huffington Post - 3:59PM Ellen Haberle: And They're Back! Buyer Demand Rebounds After Government Reopens www.aei.org - 3:55PM House Prices and Fundamentals Under the Microscope Washington Post - 3:49PM Jumbo home loans may grow more common if Fannie and Freddie trim their mortgage limits OCC - 2:30PM OCC Releases Dodd-Frank Stress Testing Scenarios for 2014 and the Final Policy Statement for Developing the Annual Stress Test Scenarios Bloomberg - 2:24PM Fed to Test Banks Against Interest Rate Rise, Housing Collapse - Bloomberg www.bizjournals.com - 1:14PM Wells Fargo 'quietly' settles FHFA claim for less than $1 billion Market Watch - 10:49AM The Week in Charts: See the week's scary housing and jobs data Reuters - 10:49AM Stock funds worldwide attract $12.4 billion, extending record inflows: BofA Bloomberg - 9:35AM Markit Factory Index in U.S. Fell to 51.8 in October From 52.8 - Bloomberg www.cfpbmonitor.com - 9:34AM Tentative settlement reportedly reached in Mount Holly CNBC - 9:32AM Fed's Bullard: need confidence job gains will stick before taper Reuters - 8:36AM Stock futures edge higher after two-day decline CNBC - 8:06AM We missed an opportunity in September to begin the taper: Fed's Plosser WSJ - 1:06AM Lenders Extend the Clock on the Lock Bloomberg - 1:06AM Stocks Cap Biggest Rally in Two Years to Beat Bonds, Commodities - Bloomberg Today's Comments MBS Commentary - 2:18PM "The move in rates today is as much a result of the comments by James Bullard and Charles Plosser as the Manufacturing ISM. Any hint of tapering or normalization of policy will have this affect on interest rates...." MBS Live Chat - 2:47PM "Seriously, sending out cobranded MND stuff has helped me with multiple referral partners and clients...." MBS Live Chat - 2:47PM "I send out a co branded market update everyday to referral partners and clients. They love it. MND rocks!!!..." MBS Live Chat - 2:48PM "You can get the charts and more technical information on the initial article published in the morning..."The Day Ahead."..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.25% +0.11 15 Yr FRM 3.35% +0.07 FHA 30 Year Fixed 3.89% +0.06 Jumbo 30 Year Fixed 4.25% +0.11 5/1 Yr ARM 3.18% +0.06 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 97.92 -0.66 30YR FNMA 3.5 102.03 -0.53 30YR GNMA 3.0 98.91 -0.69 30YR GNMA 3.5 103.16 -0.48 15YR FNMA 3.0 103.56 -0.27 15YR FNMA 2.5 100.64 -0.34 Treasuries Yield Change 2 YR 0.3131% +0.0042 5 YR 1.3768% +0.0522 10 YR 2.6236% +0.0730 30 YR 3.6961% +0.0592 Prices as of: 11/1/2013 4:29PM 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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