Daily Newsletter: First-Time Home Buyers Losing Market Share; Banks Tested Against Housing Crash Scenario; Less Concern over ARMs; Rates Flat

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30 Year Fixed 4.24%   -0.01 15 Year Fixed 3.35%   +0.00 10YR Treasury 2.60%   -0.0219 FNMA 30YR 3.5 102.25   +0.22 FNMA 15YR 2.5 103.77   +0.20 View Today's Rates

Monday November 4, 2013 MND NewsWire - 10:56AM First-Time Home Buyers Losing Market Share The market share of first-time homebuyers continued to decline this year, slipping one percentage point to 38 percent and down from the long-term average of 40 percent. This is one ... MND NewsWire - 10:37AM Big Banks Tested Against Rising Rates, Housing Crash Large financial institutions facing their annual round of stress tests were given their scripts by regulators on Friday. The tests are designed to identify ways these complex institutions ... MND NewsWire - 12:55PM Adjustable Rate Resets no Longer a Looming Threat One of the big worries in the early days of the housing crises were the large numbers of adjustable rate mortgages originated during the boom years that were scheduled to reset in stages ... Mortgage Rate Watch - 4:55PM Mortgage Rates Hold Ground to Begin new Week Mortgage rates were mostly flat today, though some lenders offered slightly improved rate sheets compared to Friday afternoon. The improvements would have been small enough to only ... MBS RECAP: Slow but Positive Session; Relevant Data Tomorrow Citi Non-Agency Deal; CFPB Goes After Affiliate Business Relationships; RESPA & Gifts Disparate Impact Case Settled Before Getting to Supreme Court The Week Ahead: Lots of Fed Speakers, GDP, and NFP No Leadership Change at FHFA; Watt/Democrats will Try Again Latest Video Risk of bond market bubble: Bullard Should big banks be worried? Cashin says: Keep an eye on frothiness More News from 'Around the Web' Market Watch - 4:29PM Fed's Rosengren: Dec. or April taper about same www.cfpbmonitor.com - 3:46PM CFPB to hold mortgage field hearing on November 20 Bloomberg - 2:57PM U.S. Banks Ease Standards on Business Loans, Fed Survey Shows - Bloomberg CNBC - 2:54PM Here's what may happen when the market is up this much WSJ - 1:41PM Third Quarter Likely Dragged Down by Lackluster Business Spending Reuters - 1:39PM Suntrust to add corporate banking sites in three major U.S. cities Reuters - 1:39PM Fed in no rush to cut bond buys, top policymakers say CNBC - 1:39PM 'Definitely' stock bubble brewing': Pro WSJ - 12:07PM Fed's Powell: Eventual Pullback Shouldn't Hurt Emerging-Market Economies Bloomberg - 12:02PM Gross Loses World's Largest Mutual Fund Title to Vanguard - Bloomberg Market Watch - 12:02PM Fed to try to send clear signals on taper: Powell Google News - 10:57AM Home Buyers and Sellers Survey Shows Lingering Impact of Tight Credit CNBC - 10:19AM US factory orders up 1.7% in September, matching estimates Google News - 10:19AM Realtors® Report Americans Prefer to Live in Mixed-Use, Walkable Communities www.gallup.com - 9:01AM Americans' Self-Reported Spending Up Slightly in October Market Watch - 8:58AM CME Group profit rises as trading volume leaps 11% CNBC - 8:07AM Fed's Bullard: We've made substantial progress in US labor markets Bloomberg - 1:02AM Treasuries Fall Most in 2 Months as Better Data Back Fed Taper - Bloomberg Reuters - 1:00AM Fed's Fisher says stimulus tapering will be data dependent Today's Comments MBS Commentary - 9:09AM "excellent point on NFP...." MBS Live Chat - 11:57AM "Anyone have info on the Freddie qualificaiton via Assets for income guidelines?..." MBS Live Chat - 11:58AM "Anyone doing those?..." MBS Live Chat - 12:00PM "fannie does asset depletion, freddie no..." MBS Live Chat - 12:07PM "BB - there may be "some" http://www.freddiemac.com/learn/pdfs/uw/docmatrix.pdf info here..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% -0.01 15 Yr FRM 3.35% +0.00 FHA 30 Year Fixed 3.88% -0.01 Jumbo 30 Year Fixed 4.25% +0.00 5/1 Yr ARM 3.19% +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 4.33% 0.26 -0.06 15 Yr. Fixed 3.42% 0.30 -0.09 30 Yr. Jumbo 4.36% 0.27 -0.07 30 Yr. FHA 4.06% 0.17 -0.09 5/1 ARM 3.17% 0.38 -0.08 Freddie Mac ** 30 Yr. Fixed 4.10% 0.70 -0.03 15 Yr. Fixed 3.20% 0.70 -0.04 1 Yr. ARM 2.64% 0.40 +0.04 5/1 Yr. ARM 2.96% 0.40 -0.04 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 98.17 +0.25 30YR FNMA 3.5 102.25 +0.22 30YR GNMA 3.0 99.16 +0.25 30YR GNMA 3.5 103.38 +0.22 15YR FNMA 3.0 103.77 +0.20 15YR FNMA 2.5 100.81 +0.17 Treasuries Yield Change 2 YR 0.3053% -0.0078 5 YR 1.3508% -0.0260 10 YR 2.6017% -0.0219 30 YR 3.6943% -0.0018 Prices as of: 11/4/2013 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: Mortgage Rates Continue Breakout Move Higher; Senate Blocks Leadership Change at FHFA

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30 Year Fixed 4.25%   +0.11 15 Year Fixed 3.35%   +0.07 10YR Treasury 2.62%   +0.0730 FNMA 30YR 3.5 102.03   -0.53 FNMA 15YR 2.5 103.56   -0.27 View Today's Rates

Friday November 1, 2013 Mortgage Rate Watch - 4:59PM Mortgage Rates Continue Breakout Move Higher Mortgage rates continued higher today , after breaking a very long, very flat streak following last week's jobs numbers. Like yesterday, today's culprit was stronger-than-expected economic ... MND NewsWire - 1:34PM No Leadership Change at FHFA; Watt/Democrats will Try Again Despite statements of support from housing advocates, industry trade groups, and the White House the Senate yesterday refused to allow a vote on the President's nominee for Director ... Pipeline Press - 9:59AM Mel Watt Nomination Blocked - For Now; New Fannie Lawsuit Provident Funding, Stearns Lending, Fifth Third Mortgage, Flagstar Bank, United Wholesale Mortgage, Nationstar Mortgage, New York Community Bank, Union Bank, Sierra Pacific Mortgage ... MBS Commentary - 4:51PM MBS RECAP: Bond Markets Retreat to Familiar Range After ISM MBS Live : MBS Afternoon Market Summary This week saw a tentative prodding of range boundaries--both long term and short term--following last week's Employment Situation Report. Wednesday ... NAR Voices Approval of Revamped QRM Senate Witnesses Agree on Need for Government MBS Guarantee Foreclosure Improvements Held Back by Judicial States Aging Housing Inventory Presents Bargain-Hunting Opportunities Suntrust Exits Wholesale; Letters from Waters & NAR; Thoughts on the MBA Conference Atmosphere California is Sellers' Market as Over-List Price Sales Soar Administration Officials Call for Up or Down Vote on Mel Watt Confirmation Latest Video Santelli's Treasury tech update Cashin says: Watch the 10-year Treasury yield The Week That Was: No Fed taper talk More News from 'Around the Web' Reuters - 4:59PM Fed officials eye inflation, jobs in dueling QE arguments SEC - 4:58PM SEC Obtains Asset Freeze in California-Based Real Estate Investment Scheme DataQuick - 4:58PM September Las Vegas Home Sale Press Release The Huffington Post - 3:59PM Ellen Haberle: And They're Back! Buyer Demand Rebounds After Government Reopens www.aei.org - 3:55PM House Prices and Fundamentals Under the Microscope Washington Post - 3:49PM Jumbo home loans may grow more common if Fannie and Freddie trim their mortgage limits OCC - 2:30PM OCC Releases Dodd-Frank Stress Testing Scenarios for 2014 and the Final Policy Statement for Developing the Annual Stress Test Scenarios Bloomberg - 2:24PM Fed to Test Banks Against Interest Rate Rise, Housing Collapse - Bloomberg www.bizjournals.com - 1:14PM Wells Fargo 'quietly' settles FHFA claim for less than $1 billion Market Watch - 10:49AM The Week in Charts: See the week's scary housing and jobs data Reuters - 10:49AM Stock funds worldwide attract $12.4 billion, extending record inflows: BofA Bloomberg - 9:35AM Markit Factory Index in U.S. Fell to 51.8 in October From 52.8 - Bloomberg www.cfpbmonitor.com - 9:34AM Tentative settlement reportedly reached in Mount Holly CNBC - 9:32AM Fed's Bullard: need confidence job gains will stick before taper Reuters - 8:36AM Stock futures edge higher after two-day decline CNBC - 8:06AM We missed an opportunity in September to begin the taper: Fed's Plosser WSJ - 1:06AM Lenders Extend the Clock on the Lock Bloomberg - 1:06AM Stocks Cap Biggest Rally in Two Years to Beat Bonds, Commodities - Bloomberg Today's Comments MBS Commentary - 2:18PM "The move in rates today is as much a result of the comments by James Bullard and Charles Plosser as the Manufacturing ISM. Any hint of tapering or normalization of policy will have this affect on interest rates...." MBS Live Chat - 2:47PM "Seriously, sending out cobranded MND stuff has helped me with multiple referral partners and clients...." MBS Live Chat - 2:47PM "I send out a co branded market update everyday to referral partners and clients. They love it. MND rocks!!!..." MBS Live Chat - 2:48PM "You can get the charts and more technical information on the initial article published in the morning..."The Day Ahead."..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.25% +0.11 15 Yr FRM 3.35% +0.07 FHA 30 Year Fixed 3.89% +0.06 Jumbo 30 Year Fixed 4.25% +0.11 5/1 Yr ARM 3.18% +0.06 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 4.33% 0.26 -0.06 15 Yr. Fixed 3.42% 0.30 -0.09 30 Yr. Jumbo 4.36% 0.27 -0.07 30 Yr. FHA 4.06% 0.17 -0.09 5/1 ARM 3.17% 0.38 -0.08 Freddie Mac ** 30 Yr. Fixed 4.10% 0.70 -0.03 15 Yr. Fixed 3.20% 0.70 -0.04 1 Yr. ARM 2.64% 0.40 +0.04 5/1 Yr. ARM 2.96% 0.40 -0.04 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 97.92 -0.66 30YR FNMA 3.5 102.03 -0.53 30YR GNMA 3.0 98.91 -0.69 30YR GNMA 3.5 103.16 -0.48 15YR FNMA 3.0 103.56 -0.27 15YR FNMA 2.5 100.64 -0.34 Treasuries Yield Change 2 YR 0.3131% +0.0042 5 YR 1.3768% +0.0522 10 YR 2.6236% +0.0730 30 YR 3.6961% +0.0592 Prices as of: 11/1/2013 4:29PM 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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