Daily Newsletter: Mortgage Rates Almost Perfectly Flat Ahead of Jobs Report; MBA Advocates for Independent Mortgage Banks; Small Markets to Lead 2014 Recovery

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30 Year Fixed 4.57%   -0.01 15 Year Fixed 3.60%   -0.01 10YR Treasury 2.87%   +0.0383 FNMA 30YR 3.5 99.80   -0.16 FNMA 15YR 2.5 102.34   -0.08 View Today's Rates

Thursday December 5, 2013 Mortgage Rate Watch - 4:01PM Mortgage Rates Almost Perfectly Flat Ahead of Jobs Report Mortgage rates were almost perfectly flat today, despite moderate weakness in bond markets. This is largely a factor of yesterday's weakness and the fact that it coincided with the ... MND NewsWire - 1:42PM MBA Sounds Battle Cry For Independent Mortgage Banks David H. Stevens, president & CEO of the Mortgage Bankers Association (MBA), said today that independently owned and operated mortgage bankers are the building blocks of MBA membership ... MND NewsWire - 2:13PM Small Markets Leading Way for 2014 Housing Recovery Smaller metropolitan areas appear to be leading the country in a return to normal levels of economic and housing activity the National Association of Home Builders (NAHB) said today ... Pipeline Press - 10:37AM Clarification on Agency QM status; Fitch, Moody's, and Ocwen's Take on Non-QM Loans "A group of government regulators out hiking in the Artic has managed to revive a caveman who was frozen for thousands of years. Communications so far have consisted of monosyllabic ... MBS RECAP: Bond Markets Weather Today's Data with Eye on Tomorrow's The Day Ahead: A Gorilla Analogy for Momentum on NFP Week Loan Profits Plummet with Declining Volume, Increased Compliance Cost Biggest Monthly Advance for New Home Sales since 1980 BB&T Exits TPO; Impac Holdings to Sell AmeriHome; MBA Provides Guidance on 3% Points and Fees Foreclosures Skyrocketing for High-Priced Homes MBS MID-DAY: Much Weaker After ADP; ISM Not Much Help Latest Video Friday's jobs report preview Greenblatt's payroll prediction: 224,000 jobs Concerns over jobs data More News from 'Around the Web' Bloomberg - 4:44PM Yellen Confirmation Vote for Fed Chief Slot May Come Next Week - Bloomberg Bloomberg - 4:44PM Senate Poised to Reconsider Watt Nomination to Lead FHFA - Bloomberg WSJ - 3:43PM Four Ways Mel Watt Could Change Housing Policy CNN - 3:26PM Blackstone responds to Jon Stewart www.aei.org - 3:08PM Slideshow: FHA does not produce sustainable homeownership Bloomberg - 3:08PM Newark Advances Eminent Domain Plan to Slow Foreclosures - Bloomberg CNBC - 3:05PM Good or bad? Street expecting strong jobs report WSJ - 1:56PM Investor Purchases Ebb in More Housing Markets Bloomberg - 1:11PM Gross Says All Asset Markets Artificially Mispriced by Fed - Bloomberg WSJ - 12:12PM Unemployment Won't Hit 6.5% Until 2015, Fed Research Suggests WSJ - 12:04PM Two Cities With Unemployment Rates North of 25% NAHB - 11:48AM Housing Markets Continue Slow Climb Back to Normal WSJ - 9:59AM Economists React: 'No Momentum' in GDP Report Reuters - 9:55AM U.S. third-quarter growth revised up to 3.6 percent, jobless claims fall Bloomberg - 9:54AM Fed's Lockhart Calls for Setting Timetable for Tapering QE - Bloomberg CNBC - 8:26AM US Treasurys edge up; GDP, jobs, Fed in focus Market Watch - 8:25AM Fed's Lockhart: Taper on table in December Today's Comments MBS Live Chat - 2:31PM "So I was messing around in Linkedin yesterday and looky what I found http://www.linkedin.com/company/mbs-live-/mbs-live-512212/product..." MBS Live Chat - 2:32PM "A nice spot to give kudos to our beloved MND...." MBS Live Chat - 2:30PM "REPRICE : 2:30 PM - Wells Fargo Better..." MBS Live Chat - 2:40PM "looks like WF was .125-.25 improvement depending on rate..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.57% -0.01 15 Yr FRM 3.60% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.49% -0.01 5/1 Yr ARM 3.26% -0.01 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 4.51% 0.38 +0.03 15 Yr. Fixed 3.56% 0.32 +0.04 30 Yr. Jumbo 4.49% 0.24 +0.01 30 Yr. FHA 4.17% 0.36 +0.01 5/1 ARM 3.09% 0.28 -0.09 Freddie Mac ** 30 Yr. Fixed 4.46% 0.50 +0.17 15 Yr. Fixed 3.47% 0.40 +0.17 1 Yr. ARM 2.59% 0.40 -0.01 5/1 Yr. ARM 2.99% 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 95.33 -0.22 30YR FNMA 3.5 99.80 -0.16 30YR GNMA 3.0 96.41 -0.25 30YR GNMA 3.5 100.91 -0.16 15YR FNMA 3.0 102.34 -0.08 15YR FNMA 2.5 99.16 -0.11 Treasuries Yield Change 2 YR 0.3054% +0.0120 5 YR 1.4817% +0.0444 10 YR 2.8698% +0.0383 30 YR 3.9138% +0.0182 Prices as of: 12/5/2013 4:32PM 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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