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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Daily Newsletter: Loan Profits Plummet; Rates Hit New 2-Month Highs; Home Sales Rise Most since 1980

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30 Year Fixed 4.58%   +0.10 15 Year Fixed 3.61%   +0.07 10YR Treasury 2.83%   +0.0436 FNMA 30YR 3.5 99.95   -0.25 FNMA 15YR 2.5 102.42   -0.17 View Today's Rates

Wednesday December 4, 2013 MND NewsWire - 1:19PM Loan Profits Plummet with Declining Volume, Increased Compliance Cost Mortgage profits took a big hit in the third quarter of 2013, dropping by more than half of that reported in the second quarter. The Mortgage Bankers Association (MBA) said independent ... Mortgage Rate Watch - 3:50PM Mortgage Rates Push up to New 2-mo Highs Mortgage rates moved higher again today, reaching levels not seen since September 17th--the day before the Fed Announced "no change" to QE asset purchases. The mortgage-backed-securities ... MND NewsWire - 10:59AM Biggest Monthly Advance for New Home Sales since 1980 The U.S. Census Bureau and the Department of Housing and Urban Development released their joint report on new home sales in September and October . The regular September report was ... MND NewsWire - 10:12AM Holiday Takes Toll on Mortgage Applications It was a short week and one in which most Americans focused on food and families so the plunging number of mortgage applications filed during the week ended November 29 was not a surprise ... BB&T Exits TPO; Impac Holdings to Sell AmeriHome; MBA Provides Guidance on 3% Points and Fees MBS RECAP: Uneventful Afternoon and a Surprise Guest Big Banks Post Substantial Settlement Compliance Errors Foreclosures Skyrocketing for High-Priced Homes The Day Ahead: ADP Employment, New Home Sales, and ISM Services Latest Video Dodd-Frank was a poorly written law: Pro Santelli Exchange: Fed drama Is market throwing a taper tantrum? More News from 'Around the Web' Reuters - 4:26PM Fifth Third settles SEC charges over financial crisis accounting CNBC - 4:25PM Data confuses traders, stocks await Jobs Report SEC - 3:04PM SEC Charges Fifth Third Bancorp and Former CFO for Improper Accounting of Substantial Loan Losses During Financial Crisis Reuters - 2:40PM Fed could delay rate hikes with inflation 'floor': Fed study Reuters - 2:40PM Fed says employers stepped up hiring in parts of country www.cfpbmonitor.com - 2:08PM CFPB updates TILA and RESPA exam procedures CNBC - 2:07PM Fed's beige book: Economy expanded at a moderate to modest pace Reuters - 12:31PM Bank of America, Citigroup faulted over mortgage servicing CNBC - 12:28PM Soaring new home sales: Not what they seem Bloomberg - 11:30AM U.S. Court Monitor Finds Banks in Mortgage Settlement Miss Goals American Bankers Assoc. - 11:28AM ABA Testifies on Legislation Affecting Community Banks CNBC - 11:26AM October new home sales hit 444,000; ISM less than expected HUD - 9:29AM HUD: Mortgage Letter 2013-42 CNBC - 8:22AM Private sector creates 173,000 jobs in November vs. 173,000 estimate: ADP CNBC - 8:22AM Mortgage applications take a holiday as rates rise CNBC - 8:22AM Banks braced for $2.3 billion Libor fine Today's Comments MBS Live Chat - 12:10PM "thats a big question, too big for the space provided here..." MBS Live Chat - 12:21PM "did I just freeze the forum.... only thing that sticks out to me is 3%.... although Im sure there are 500 pages to that book!..." MBS Live Chat - 12:27PM "It's just such a long topic - there are really no short points. In addition, investors/lenders may have overlays to the new rules..." MBS Live Chat - 12:31PM "QM breakdown- Only lend money to people who can proved they dont need it..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.58% +0.10 15 Yr FRM 3.61% +0.07 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.50% +0.05 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 4.51% 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 4.29% 0.70 +0.07 15 Yr. Fixed 3.30% 0.70 +0.03 1 Yr. ARM 2.60% 0.40 -0.01 5/1 Yr. ARM 2.94% 0.50 -0.01 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 95.55 -0.27 30YR FNMA 3.5 99.95 -0.25 30YR GNMA 3.0 96.63 -0.31 30YR GNMA 3.5 101.06 -0.30 15YR FNMA 3.0 102.42 -0.17 15YR FNMA 2.5 99.27 -0.14 Treasuries Yield Change 2 YR 0.2934% +0.0040 5 YR 1.4373% +0.0409 10 YR 2.8297% +0.0436 30 YR 3.8947% +0.0494 Prices as of: 12/4/2013 4:28PM 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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