Daily Newsletter: Mortgage Markets Crushed by Strong Jobs Report; Worst Day for Rates in 10yrs; Loan Process Do's and Don't's

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30 Year Fixed 4.73%   +0.30 15 Year Fixed 3.83%   +0.21 10YR Treasury 2.73%   +0.2273 FNMA 30YR 3.5 98.95   -2.00 FNMA 15YR 2.5 101.55   -1.23 View Today's Rates

Friday July 5, 2013 MBS Commentary - 12:08PM MBS MID-DAY: Black Wednesday Loses 'Worst-Ever' Status MBS Live : MBS Morning Market Summary Fannie 3.5s ended Wednesday's session at the exact same 100-31 price that Fannie 4.5s ended the session before Black Wednesday in 2009. Considering ... MBS Commentary - 8:44AM MBS SPECIAL ALERT: Bond Markets Reeling after NFP Beats Estimates Bond markets had already been on the ropes during the overnight session with 10yr Treasuries rising as high as 2.58 before the domestic open. Some of the weakness came on gradually ... Mortgage Rate Watch - 5:23PM Among The Worst Days in Mortgage Rate History Historical data has its limitations when it comes to mortgage rates . For instance, the longest-running series are only updated once a week, making it hard to determine exactly where ... Community Commentary - 7:06PM Do's and Don't's For a Smooth Mortgage Process: Part 6 Here's another weekly installment of Do's and Don't's for prospective borrowers embarking on, or already engaged in the home mortgage process. In case it needs to be said, the " Don ... CFPB Update; Investor Updates - Time to Sell Stock? Rates Rise on Unemployment Data Steepest Losses in Modern MBS History CFPB Publishes Updated "Rural" List Basel III Approved by Fed - Watch Regulation Costs Rise; Fitch Addresses Nationstar Bonds; Apps Plummet Rising Rates Push Refi Activity to Lowest Level in Two Years Latest Video 10-Year Treasury Could See 2.90%: Expert Santelli's Midday Bond Report The Week Ahead: Earnings Season Begins More News from 'Around the Web' CNBC - 5:16PM Market Now Expecting Fed Taper in September: CNBC Survey Bloomberg - 5:16PM Bank of America Boosts U.S. 10-Year Yield Forecast to 3% on Jobs - Bloomberg Reuters - 5:15PM Ally's ResCap unit files bankruptcy plan CNBC - 3:00PM Latest Job Gains Are Another Fed Taper Trigger Bloomberg - 2:29PM Lending Discrimination Case at Supreme Court in Settlement Talks - Bloomberg WSJ - 1:07PM Some Troubling Signs In June's Jobs Report www.nytimes.com - 1:04PM Mortgages: Pre-Closing Credit Checks Bloomberg - 1:04PM Bernanke Seen Holding to QE Tapering Plan After Payrolls Report - Bloomberg Bloomberg - 1:00PM Mortgage REITs Slide Most Since 2011 as Data Stoke Fed Concern - Bloomberg CNBC - 12:59PM Jobs Picture Improves-but Not in Manufacturing WSJ - 11:16AM Economists React: Good Enough for the Fed to Pull Back WSJ - 11:15AM Five Takeaways From the Jobs Report WSJ - 11:15AM Real-Estate Rebound Buoys Underwater Mortgage Borrowers Reuters - 10:26AM Banks may have to hold even more capital to cover risk CNBC - 8:47AM U.S. Creates 195,000 Jobs in June vs. 165K Est.; Unemployment Rate 7.6% vs. 7.5% Est. Reuters - 8:42AM Bernanke to make July 10 speech on Fed's policy record CNBC - 8:10AM US Stocks Seen Higher With Jobs Reports in Focus Today's Comments MBS Commentary - 9:17AM "I don't get it... if the US job growth is stronger than expected, why is the 10-year treasury note interest rising? If the economy is improving, shouldn't more people want to buy US debt? Shouldn't the rate go down?..." MBS Commentary - 9:40AM "As the economy improves, interest generally go up being that investors in businesses are willing to pay more to borrow money because the profit opportunities are even better. This also means that savers with money to invest would feel they have more upside in stocks rather than in bonds which just pay..." MBS Live Chat - 1:14PM "Well, it's almost noon here on a Friday. Martini time. I've been needing an excuse to crack the seal on that Grey Goose anyway..." MBS Live Chat - 1:15PM "Great to see solid PT job growth in this morning's report; just what we need to get this economy going again. Seriously awesome. Who cares that no one wants to point that out. It doesn't mean they're ignoring it. Just means there so excited that they're speechless. It's the true gem in this solid report..." MBS Live Chat - 1:26PM "these next few months should be interesting..." MBS Live Chat - 1:26PM "Is anyone else concerned that there will be another sell off on Monday when people start getting back?..." MBS Live Chat - 1:29PM "I am, AP. I said that earlier. I knew I shouldn't have checked back in. Pros and cons to MBSLive Mobile. Mostly pros, just not today...." MBS Live Chat - 1:39PM "REPRICE : 1:39 PM - BB&T Worse..." MBS Live Chat - 2:02PM "i think best execution on 30 year fixed is now at 4.75-4,875..." MBS Live Chat - 4:06PM "Higher rates make this website and the connections we have to one another even more valuable...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.73% +0.30 15 Yr FRM 3.83% +0.21 FHA 30 Year Fixed 4.56% +0.31 Jumbo 30 Year Fixed 4.78% +0.37 5/1 Yr ARM 3.25% +0.22 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 4.58% 0.43 +0.12 15 Yr. Fixed 3.64% 0.44 +0.09 30 Yr. Jumbo 4.68% 0.38 +0.16 30 Yr. FHA 4.27% 0.44 +0.07 5/1 ARM 3.33% 0.31 +0.27 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.17 15 Yr. Fixed 3.39% 0.70 -0.11 1 Yr. ARM 2.66% 0.40 +0.00 5/1 Yr. ARM 3.10% 0.70 +0.02 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 94.92 -2.31 30YR FNMA 3.5 98.95 -2.00 30YR GNMA 3.0 95.64 -2.86 30YR GNMA 3.5 99.55 -2.25 15YR FNMA 3.0 101.55 -1.23 15YR FNMA 2.5 98.42 -1.72 Treasuries Yield Change 2 YR 0.3988% +0.0356 5 YR 1.6061% +0.1904 10 YR 2.7305% +0.2273 30 YR 3.7033% +0.2102 Prices as of: 7/5/2013 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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Daily Newsletter: Refi Apps Hit 2-Year Lows; Rates Rise Ahead of Jobs Data; Fed Approves Basel III, Bumpy Ride for Markets

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30 Year Fixed 4.43%   +0.06 15 Year Fixed 3.62%   +0.04 10YR Treasury 2.50%   +0.0339 FNMA 30YR 3.5 100.95   -0.45 FNMA 15YR 2.5 102.78   -0.27 View Today's Rates

Wednesday July 3, 2013 MND NewsWire - 9:08AM Rising Rates Push Refi Activity to Lowest Level in Two Years The numbers of mortgage applications fell again during the week ended June 28, the third consecutive week they have done so. The Mortgage Bankers Association (MBA) said this morning ... Mortgage Rate Watch - 3:01PM Mortgage Rates Higher Ahead of Holiday and Friday's Jobs Report Mortgage rates moved higher today , and more convincingly compared to yesterday's moderate weakness. Despite the fact that this move is still in line with a broader 'leveling-off' process ... Pipeline Press - 10:01AM Basel III Approved by Fed - Watch Regulation Costs Rise; Fitch Addresses Nationstar Bonds; Apps Plummet Okay, this week is dragging, many folks are off anyway, locks are bumping along the bottom, so I am going to switch things up a little, and put the joke first. In honor of tomorrow ... MBS Commentary - 1:01PM MBS MID-DAY: Bumpy Sideways Ride Heading Downhill Now MBS Live : MBS Morning Market Summary Expectations for light liquidity on this holiday-shortened trading day were well-founded, as movements between highs and lows were coming quickly ... CFPB Publishes Updated "Rural" List The Day Ahead: Dragon on the Bowling Alley Rate Recovery Levels Off; Waiting on Employment Data HUD Sued over Disparate Impact; Could Affect CFPB Authority More on Mini-correspondent Trend, Shrinking Margins, Selling Caps; New Freddie Security; Citi Settles with Fannie Home Price Surge Will Accelerate Next Month - CoreLogic New Rental Apartments Readily Absorbed, Most Under 3 Bedrooms Latest Video Mortgage Rates Hit Refis Jobs Report Countdown Following the Flow of Money More News from 'Around the Web' WSJ - 3:53PM Payrolls Could Share Spotlight with Global Events Bloomberg - 3:48PM Countrywide Board Should Face Investor Claims, Court Told - Bloomberg CNBC - 3:47PM Hiring Improves, but Don't Expect a Big Jobs Number CNBC - 3:47PM Expected Rotation Out of Bonds Rattles Hedge Funds Reuters - 2:06PM Anxiety high ahead of jobs data, traders guard against surprises Bloomberg - 1:20PM U.S. Bond Funds Have Biggest Redemptions Since 2007 - Bloomberg www.cfpbmonitor.com - 1:12PM CFPB data collection controversy continues www.usnews.com - 1:10PM Yet Another Opinion on Rising Rates Posing No Threat to Recovery WSJ - 11:42AM Surveys Highlight Changing Role for Investors in the Housing Market freddiemac.mwnewsroom.com - 10:22AM Freddie Mac: "Mortgage Rates Reverse Course and Tick Down" Reuters - 8:36AM Rise in mortgage rates cut into homebuyer demand last week Bloomberg - 8:31AM ADP Says Companies in US Added 188000 Workers in June CNBC - 8:28AM Homebuyer Demand Suffers as US Mortgage Rates Surge CFPB - 8:25AM Final list of rural and underserved counties for use in 2014 Today's Comments MBS Live Chat - 12:30PM "RTRS- US-BASED MUNICIPAL BOND FUNDS REPORT $7.68 BLN OUTFLOW OVER LATEST WEEK, MOST ON RECORD - ICI..." MBS Live Chat - 12:31PM "RTRS- US-BASED BOND MUTUAL FUNDS REPORT $28.1 BLN OUTFLOW IN WEEK ENDED JUNE 26, MOST ON RECORD - ICI..." MBS Live Chat - 12:34PM "is this a reaction to those bond flow #s MG?..." MBS Live Chat - 1:05PM "REPRICE : 1:05 PM - Pinnacle Worse..." MBS Live Chat - 1:46PM "REPRICE : 1:46 PM - Sun West Mortgage Worse..." MBS Live Chat - 1:50PM "REPRICE : 1:50 PM - BB&T Worse..." MBS Live Chat - 1:51PM "REPRICE : 1:51 PM - United Wholesale Mortgage Worse..." MBS Live Chat - 2:02PM "REPRICE : 2:02 PM - Caliber Funding Worse..." MBS Live Chat - 2:04PM "REPRICE : 2:04 PM - Flagstar Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% +0.06 15 Yr FRM 3.62% +0.04 FHA 30 Year Fixed 4.25% +0.04 Jumbo 30 Year Fixed 4.41% +0.02 5/1 Yr ARM 3.03% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 4.58% 0.43 +0.12 15 Yr. Fixed 3.64% 0.44 +0.09 30 Yr. Jumbo 4.68% 0.38 +0.16 30 Yr. FHA 4.27% 0.44 +0.07 5/1 ARM 3.33% 0.31 +0.27 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.17 15 Yr. Fixed 3.39% 0.70 -0.11 1 Yr. ARM 2.66% 0.40 +0.00 5/1 Yr. ARM 3.10% 0.70 +0.02 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 97.23 -0.55 30YR FNMA 3.5 100.95 -0.45 30YR GNMA 3.0 98.50 -0.50 30YR GNMA 3.5 101.80 -0.70 15YR FNMA 3.0 102.78 -0.27 15YR FNMA 2.5 100.14 -0.33 Treasuries Yield Change 2 YR 0.3632% +0.0119 5 YR 1.4157% +0.0407 10 YR 2.5032% +0.0339 30 YR 3.4931% +0.0193 Prices as of: 7/3/2013 2:05PM 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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