Daily Newsletter: Mortgage Rates Continue Lower After Yellen Testimony; Housing Affordability Plummets; Judicial States' Foreclosure Backlog; Home Purchase Apps up 11 Percent

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30 Year Fixed 4.38%   -0.04 15 Year Fixed 3.47%   -0.03 10YR Treasury 2.69%   -0.0292 FNMA 30YR 3.5 101.44   +0.47 FNMA 15YR 2.5 103.34   +0.23 View Today's Rates

Thursday November 14, 2013 Mortgage Rate Watch - 5:02PM Mortgage Rates Continue Lower After Yellen Testimony Mortgage rates continued today following the Janet Yellen's confirmation hearing before the Senate Banking Committee. Yellen is the nominee to replace Bernanke as the Chair of the Federal ... MND NewsWire - 12:46PM Housing Affordability Eroded Dramatically by 'Perfect Storm' in Q3 Housing affordability suffered its biggest hit in nearly ten years during the third quarter of 2013 the National Association of Homebuilders (NAHB) and Wells Fargo said today. Their ... MND NewsWire - 10:32AM Judicial States Working Through Huge Backlog of Distressed Properties Judicial states playing catchup were behind a rise in foreclosure activity in October according to RealtyTrac's U.S. Foreclosure Market Report. Foreclosure filings - default notices ... MND NewsWire - 10:39AM New Home Purchase Applications up 11 percent Applications for mortgages to purchase newly constructed homes jumped by 11 percent in October compared to September. Texas, Florida and California led the nation in new home purchase ... J.D. Powers' Mortgage Survey; 38 Business Days Until QM - Chance of Delay, CFPB's Counseling Site MBS RECAP: Heading Out at Highs Home Prices in Smaller U.S. Counties made Softer Landings Bay Area Housing Market Trending toward Normal Latest Video Fairholme CEO: American's want progress Yellen addresses hard hit real estate areas Home sales picking up speed More News from 'Around the Web' Reuters - 5:35PM Last witness testifies against $8.5 billion BofA settlement Bloomberg - 5:35PM Morgan Stanley Said to Seek Brokers' Dual Status in Lending Push - Bloomberg Market Watch - 2:50PM U.S. corporate bond issuance surges past $1 tln CNBC - 2:50PM Senate vote on Yellen could be near CNBC - 2:50PM Fannie-Freddie suitor confident on funds Bloomberg - 1:12PM Madame Chairman Holds Her Own - Bloomberg CNBC - 1:11PM Buying a home? Be prepared CNBC - 12:05PM Obama: We won't force insurers to upgrade plans CNBC - 11:23AM And the 'Funniest Person in Finance' is ... news.google.com - 10:52AM The Fed's Low Rate Message Is Sinking In - Wall Street Journal CNBC - 10:47AM Growth is only exit from QE: El-Erian Reuters - 10:47AM U.S. trade gap widens on imports, weekly jobless claims fall slightly Washington Post - 10:47AM Janet Yellen defends Federal Reserve policies before Senate banking panel NAHB - 10:44AM Housing Affordability Continues to Slide in Third Quarter freddiemac.mwnewsroom.com - 10:43AM Fixed Mortgage Rates Climbing CNBC - 8:51AM 10 easy home fixes to save you money this winter www.cfpbmonitor.com - 8:51AM Mount Holly settlement approved; dismissal of U.S. Supreme Court appeal to follow CNBC - 8:31AM GOP wants Yellen to show QE 'regret': Ex-Fed wonk CNBC - 8:31AM US futures signal mixed open on Yellen's dovish tone www.freddiemac.com - 8:31AM Freddie Mac Risk-Sharing Initiatives Support Sustainable Mortgage Finance System Today's Comments Mortgage Rate Watch - 10:32PM "I really enjoy the dialogue myself. I talk about medicine and healthcare with my patients all day so its nice (mostly) to change topics and learn about a such a complex and dynamic area as the mortgage market. I used to think it could not get much more complicated than medicine. I was wrong. My hat is..." MBS Live Chat - 12:13PM "Yellen is doing a fantastic job. Not one stumble...." MBS Live Chat - 12:47PM "Just got some info from Fannie that there are approximately 1.3 Million Fannie Mae loans eligible for HARP..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.38% -0.04 15 Yr FRM 3.47% -0.03 FHA 30 Year Fixed 4.12% -0.07 Jumbo 30 Year Fixed 4.35% -0.01 5/1 Yr ARM 3.24% +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 4.35% 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 +0.50 30YR FNMA 3.5 101.44 +0.47 30YR GNMA 3.0 98.30 +0.58 30YR GNMA 3.5 102.41 +0.47 15YR FNMA 3.0 103.34 +0.23 15YR FNMA 2.5 100.25 +0.31 Treasuries Yield Change 2 YR 0.2940% -0.0160 5 YR 1.3300% -0.0163 10 YR 2.6926% -0.0292 30 YR 3.7885% -0.0369 Prices as of: 11/14/2013 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. 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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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