Daily Newsletter: Mortgage Rates Tumble to 1-Month lows After Jobs Report; Day One of New Mortgage Rules

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30 Year Fixed 4.52%   -0.10 15 Year Fixed 3.53%   -0.11 10YR Treasury 2.86%   -0.1036 FNMA 30YR 3.5 100.22   +0.58 FNMA 15YR 2.5 102.48   +0.44 View Today's Rates

Friday January 10, 2014 Mortgage Rate Watch - 3:25PM Mortgage Rates Tumble to 1-Month lows After Jobs Report Mortgage rates fell abruptly today , following a significantly weaker than expected Employment Situation report. The data hit markets before most lenders had rates available for the ... MBS Commentary - 12:50PM MBS MID-DAY: Bond Market Much Stronger After Jobs Data, but Not All Lenders' Rate Sheets This morning's jobs report was stunningly weaker than expected, with NFP coming in at 74k vs a consensus forecast of 196k. As far as misses go, this was a big one , eclipsing the the ... MND NewsWire - 1:05PM Fannie Mae, CFPB in Sync on Servicer Rules A recent article for Fannie Mae's Housing Industry Forum makes the point that when it comes to the new servicing rules which go into effect today, Fannie and the Consumer Financial ... MBS Commentary - 6:36AM MBS Day Ahead: What Can ADP Tell us About NFP? This analysis isn't intended to extoll the virtues of ADP, but it's going to seem that way based on the objective facts offered. It's also meant to stand as a reference piece to build ... Non-QM Lenders and Investors; QM Info on Points & Fees for Affiliates, and Info on MI under QM Delinquencies Hit Six-Year Low Less Financially Secure Borrowers More Likely to Choose Adjustable Mortgages Biggest Quarterly Drop in Underwater Homes since Peak Latest Video December nonfarm payrolls up 74,000, misses expectations Don't pay attention to jobs numbers: Zandi Santelli's issue with employment number More News from 'Around the Web' www.cfpbmonitor.com - 4:22PM CFPB releases additional resources for mortgage consumers CNBC - 1:36PM Housing market booms for Boomer retirees Reuters - 1:36PM Inflation the 'wildcard' this year: U.S. Fed's Bullard Realtor.Org - 1:10PM Mortgage Availability Tightening? QM Takes Effect Today CFPB - 1:09PM Live from Phoenix! CNBC - 1:09PM Fed could ignore ugly jobs data-for now CFPB - 12:31PM Updated Exam Procedures from CFPB Washington Post - 12:15PM If you're at all interested in the Labor Force Participation Rate, read this WaPo article CNN - 12:06PM Stanley Fischer nominated as Fed vice chair Bloomberg - 12:05PM Gross Says Fed on Course to End QE Even With Slowing Job Growth - Bloomberg CNBC - 11:26AM Weak job participation rips the housing recovery CNBC - 10:57AM New mortgage rules: No traps, no runarounds Reuters - 10:54AM Obama names Fischer as Fed Vice Chair: White House FHFA - 10:53AM Federal Housing Finance Agency Director Mel Watt Announces Four Staff Appointments WSJ - 10:53AM Fed Sent $77.7 Billion in Profits to Treasury Last Year WSJ - 10:53AM Hilsenrath Analysis: Job Report Alone Unlikely to Alter Fed's Course Bloomberg - 10:28AM Understanding the Anemic Jobs Recovery - Bloomberg CNBC - 10:27AM Obama to nominate three to the Fed on Friday Today's Comments MBS Live Chat - 10:53AM "It was reported that job growth the last 2 years was about the same. If that's the case, and the Fed has tied tapering to the labor market, why are we tapering now?..." MBS Live Chat - 10:55AM "tapering is only MOSTLY about the labor market. It's partly about them wanting to be out for other reasons (limited efficacy from incremental increases and potential disruptions to proper market functioning). Also, Bernanke said in March 2013 that they're just looking for "near-term momentum." They wanted..." MBS Live Chat - 12:28PM "CFPB announcement: http://www.consumerfinance.gov/guidance/supervision/manual/?utm_source=newsletter&utm_medium=email&utm_campaign=20141001+RegImp..." MBS Live Chat - 4:08PM "REUTERS POLL - FED TO PROCEED WITH ANOTHER $10 BLN TAPER TO U.S. BOND PURCHASE PROGRAM DESPITE DISMAL DEC JOBS REPORT..." MBS Live Chat - 4:08PM "REUTERS POLL - FED TO TRIM MONTHLY BOND PURCHASES BY $10 BLN AT EACH FOMC MEETING NEXT YEAR -57 OF 61 ECONOMISTS..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.52% -0.10 15 Yr FRM 3.53% -0.11 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.40% -0.15 5/1 Yr ARM 3.27% +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 4.72% 0.28 +0.00 15 Yr. Fixed 3.77% 0.34 +0.04 30 Yr. Jumbo 4.66% 0.12 +0.00 30 Yr. FHA 4.36% 0.15 +0.01 5/1 ARM 3.33% 0.44 +0.02 Freddie Mac ** 30 Yr. Fixed 4.51% 0.70 -0.02 15 Yr. Fixed 3.56% 0.60 +0.01 1 Yr. ARM 2.56% 0.50 +0.00 5/1 Yr. ARM 3.15% 0.40 +0.10 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 95.88 +0.73 30YR FNMA 3.5 100.22 +0.58 30YR GNMA 3.0 97.53 +0.72 30YR GNMA 3.5 101.80 +0.59 15YR FNMA 3.0 102.48 +0.44 15YR FNMA 2.5 99.38 +0.45 Treasuries Yield Change 2 YR 0.3739% -0.0553 5 YR 1.6249% -0.1205 10 YR 2.8579% -0.1036 30 YR 3.7991% -0.0732 Prices as of: 1/10/2014 4:30PM 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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