Daily Newsletter: Mortgage Rates Snap Back; NMLS Report Shows Industry Consolidation; LO's on Hook for Comp?; Jobs Report Rally Lost in Bigger Shuffle

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30 Year Fixed 4.48%   -0.09 15 Year Fixed 3.68%   -0.04 10YR Treasury 2.60%   -0.1081 FNMA 30YR 3.5 100.92   +0.98 FNMA 15YR 2.5 102.92   +0.55 View Today's Rates

Friday August 2, 2013 Mortgage Rate Watch - 4:11PM Mortgage Rates Snap Back After Jobs Report Mortgage rates fell sharply today, matching the pace of yesterday's abrupt move higher. By the end of the day most lenders were close to their best rates of the week. Whereas 30yr Fixed ... MND NewsWire - 5:35PM NMLS Report Paints Picture of Industry Consolidation The number of companies holding licenses to lend, originate, or service mortgage loans declined slightly in the first quarter of 2013 from one year earlier but the numbers of licenses ... Pipeline Press - 11:14AM Are LOs Legally Liable for Their Company's Comp Plan? Happy Friday, August 2 nd . The U.S. Department of Housing and Urban Development (HUD) notified everyone that its offices are closed today due to government cutbacks. It turns out that ... MBS Commentary - 5:55PM MBS RECAP: Jobs Report Impact Lost in Big Picture MBS Live : MBS Afternoon Market Summary In the same way that Doc Holiday said "that is a hell of a thing for you to say to me" in the Movie Tombstone, it's a hell of a thing for me ... MBS MID-DAY: Bond Markets Pull Another Petal; Love's Turn Today Former CFPB Officials Under Congressional Fire Sellers' Market For Now, but Home Price Surge Will Not Last Definition of a "Mortgage Application" FHA "Solvency" Bill Goes to Full Senate Latest Video Weak jobs numbers and the Fed Putting the brakes on 'great rotation'? Chuck Norris for Fed chairman? More News from 'Around the Web' Bloomberg - 5:13PM Allstate MBS Suit Against Goldman Saches Is Discontinued - Bloomberg Bloomberg - 5:13PM Bond Funds Attract Deposits for First Time in Two Months - Bloomberg economix.blogs.nytimes.com - 5:13PM Economix Blog: Keep On Truckin' CNBC - 5:13PM Obama narrows Fed chairman field to 3 The Atlantic - 5:13PM What Difference Does It Make Who Runs the Fed? WSJ - 3:28PM Jobs Data Muddy Fed Outlook Reuters - 3:27PM Fed's Bullard: drop in jobless a step closer to QE exit threshold Bloomberg - 3:27PM Fab's Fine Line Between Illegal and Idiotic - Bloomberg CNBC - 1:44PM Bull sees bright spots beyond jobs report CNBC - 1:40PM Fed and ECB accused of 'muddying the waters' Market Watch - 12:27PM Pimco Total Return Fund has second monthly outflow CNBC - 12:19PM CME paused Treasury futures before jobs data CNBC - 12:10PM Bonds take swift turn, but Fed taper on track CNBC - 12:10PM Unemployment rate weaker than it appears: Goldman OCC - 12:10PM Independent Foreclosure Review Payments Surpass $2.6 Billion CNBC - 11:11AM CME paused some Treasury futures contracts before jobs report amid heavy early orders WSJ - 10:52AM Economists React: Jobs Data Disappoint on Multiple Fronts business.time.com - 10:52AM Another Tepid Jobs Report Raises More Questions than it Answers CNBC - 10:45AM 'Battle-hardened' Summers for Fed head: Altman CNBC - 10:45AM US factory orders rise 1.5% in June vs. 2.2% estimate Today's Comments MBS Commentary - 12:16PM "An excellent piece of financial writing...." MBS Live Chat - 2:26PM "because the 4.5 15 coupon is lower than 30 year. does this mean more demand for higher yielding 15 years than 30 years?..." MBS Live Chat - 2:44PM "Andrew, I'm not sure if I understand your question. The price on 4.5 30's is higher because there's an actual market for 4.5 30's where there is none for 4.5 15's. There is a market for the lower-coupon 15's, which is why the prices are higher compared to 30's in 3.0 and 3.5 coupons...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% -0.09 15 Yr FRM 3.68% -0.04 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.49% -0.08 5/1 Yr ARM 3.20% -0.08 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.58% 0.38 +0.00 15 Yr. Fixed 3.67% 0.40 +0.04 30 Yr. Jumbo 4.64% 0.39 -0.02 30 Yr. FHA 4.30% 0.31 +0.02 5/1 ARM 3.39% 0.40 +0.09 Freddie Mac ** 30 Yr. Fixed 4.39% 0.70 +0.08 15 Yr. Fixed 3.43% 0.70 +0.04 1 Yr. ARM 2.64% 0.40 -0.01 5/1 Yr. ARM 3.18% 0.60 +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 97.03 +1.06 30YR FNMA 3.5 100.92 +0.98 30YR GNMA 3.0 98.00 +1.09 30YR GNMA 3.5 101.95 +1.03 15YR FNMA 3.0 102.92 +0.55 15YR FNMA 2.5 100.08 +0.77 Treasuries Yield Change 2 YR 0.3013% -0.0313 5 YR 1.3587% -0.1336 10 YR 2.6017% -0.1081 30 YR 3.6872% -0.0699 Prices as of: 8/2/2013 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: Huge Day for Rates Tomorrow; Sellers' Market Won't Last; Former CFPB Officials Under Fire; Definition of Mortgage Application

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30 Year Fixed 4.57%   +0.09 15 Year Fixed 3.72%   +0.05 10YR Treasury 2.71%   +0.1241 FNMA 30YR 3.5 99.94   -0.91 FNMA 15YR 2.5 102.38   -0.48 View Today's Rates

Thursday August 1, 2013 Mortgage Rate Watch - 5:16PM Mortgage Rates Sharply Higher; More Volatility to Come Mortgage rates rose abruptly today, moving highest levels since July 9th as financial markets prepare for tomorrow's important Employment Situation Report. These preparations refer ... MND NewsWire - 10:57AM Sellers' Market For Now, but Home Price Surge Will Not Last Home prices increased during the first quarter of 2013 by 10.2 percent, the first double-digit quarterly increase since the "bubble" peaked seven years ago. However CoreLogic, which ... MND NewsWire - 4:23PM Former CFPB Officials Under Congressional Fire The chairs of the House Financial Services (FSC) and the Oversight and Government Reform Committees are focusing on business relationships four former senior officers of the Consumer ... Pipeline Press - 9:57AM Definition of a "Mortgage Application" "Do you ever hear about Freddie or Fannie doing anything illegal with regard to foreclosures?" Wow - that question is way above my pay grade! And I am no judge, jury, or attorney. It ... MBS MID-DAY: Yesterday's FOMC Gains Erased FHA "Solvency" Bill Goes to Full Senate Eminent Domain No Longer Theoretical; Critics Warn of Repercussions Eminent Domain Embraced by California City; No Mel Watt Vote until September; Libor Lawsuits Refinancing Down 55 Percent from Recent Peak Latest Video Fed Sep-taper ahead? The Fed's evolving comfort zone Art Cashin's watching 10-year Note 'tripwire' More News from 'Around the Web' The Atlantic - 4:46PM What Janet Yellen Did and Didn't Get Wrong About the Housing Bubble CNBC - 3:58PM Why markets are getting comfortable with higher rates WSJ - 2:37PM Fedspeak: What's the Difference Between 'Modest' and 'Moderate'? Bloomberg - 2:35PM Treasury Yield 3-Month Rally Capped by Growth Data, Nomura Says - Bloomberg CNBC - 2:33PM Here's a number worth watching in jobs report House Financial Services - 1:51PM Financial Services, Oversight Looking at CFPB Employees Profiting from Mortgage Rules Washington Post - 12:47PM What kind of Fed chair would Larry Summers be? This March speech gives hints. IMF - 12:46PM The U.S. Housing Market's Road to Recovery Reuters - 12:46PM U.S. judge approves Citigroup $590 million settlement Market Watch - 10:22AM June construction spending drops unexpectedly CNBC - 10:18AM ISM rises to 55.4 vs. 51.9 estimate; construction spending down 0.6% vs. 0.4% up estimate freddiemac.mwnewsroom.com - 10:17AM Mortgage Rates Seesaw www.gallup.com - 9:25AM U.S. Payroll to Population Rate Shows No Improvement www.corelogic.com - 9:23AM CoreLogic Case-Shiller Home Price Indexes Reveal Surge in Home Prices During First Quarter of 2013 CNN - 9:19AM Rapid home price gains will slow CNBC - 9:19AM ECB's Draghi confirms forward guidance Market Watch - 9:08AM El-Erian: Fed is punting; bonds safer than stocks www.ecb.europa.eu - 9:07AM For Those Interested in Nitty Gritty Detail on ECB Policy CNBC - 9:06AM Jobless claims plunge 19K to 326,000 in latest week, well below estimates Reuters - 8:10AM Analysis: Mortgage bond sell-offs hit U.S. banks with big losses Today's Comments Pipeline Press - 2:17PM "Rob - great article! I love the humor and insight to absolute insanity this industry has in dealing with current regulations...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.57% +0.09 15 Yr FRM 3.72% +0.05 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.57% +0.05 5/1 Yr ARM 3.28% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.58% 0.38 +0.00 15 Yr. Fixed 3.67% 0.40 +0.04 30 Yr. Jumbo 4.64% 0.39 -0.02 30 Yr. FHA 4.30% 0.31 +0.02 5/1 ARM 3.39% 0.40 +0.09 Freddie Mac ** 30 Yr. Fixed 4.39% 0.70 +0.08 15 Yr. Fixed 3.43% 0.70 +0.04 1 Yr. ARM 2.64% 0.40 -0.01 5/1 Yr. ARM 3.18% 0.60 +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 95.97 -1.06 30YR FNMA 3.5 99.94 -0.91 30YR GNMA 3.0 96.91 -1.06 30YR GNMA 3.5 100.92 -0.92 15YR FNMA 3.0 102.38 -0.48 15YR FNMA 2.5 99.31 -0.58 Treasuries Yield Change 2 YR 0.3326% +0.0198 5 YR 1.4923% +0.1059 10 YR 2.7098% +0.1241 30 YR 3.7571% +0.1142 Prices as of: 8/1/2013 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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