Daily Newsletter: Mortgage Rates End 3-Day Streak; Mortgage Applications End 6-Week Streak; HUD Announces QM Rule; Watt Confirmed as Housing Agency Head

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30 Year Fixed 4.54%   +0.07 15 Year Fixed 3.53%   +0.04 10YR Treasury 2.85%   +0.0511 FNMA 30YR 3.5 99.78   -0.45 FNMA 15YR 2.5 102.33   -0.38 View Today's Rates

Wednesday December 11, 2013 Mortgage Rate Watch - 6:25PM Mortgage Rates End 3-Day Winning Streak Mortgage rates moved sharply higher today, erasing more than half of the improvement seen in the relief rally of the past 3 days. That rally was something of a paradox in that stronger ... MND NewsWire - 3:08PM HUD QM Rule Announced; Closely Mirrors CFPB QM The Department of Housing and Urban Development (HUD) has issued its final rule defining a "Qualified Mortgage" (QM) as required by the Dodd-Frank Act. The new rule, HUD says, builds ... MND NewsWire - 9:26AM Mortgage Applications Break 6 Week Losing Streak; ARMs Surge The slight rise in mortgage application volume during the week ended December 6 was the first increase in six weeks . The Mortgage Bankers Association said that its Market Composite ... Pipeline Press - 10:58AM Bullet Dodged on Volcker Rule; Mortgage Bank Profits Plummet; Banks to Take Losses on 2nd Mortgages? Five US regulators writing the Volcker rule have ended three years of debate and approved a ban on proprietary trading by some banks. The Commodity Futures Trading Commission, the Office ... MBS RECAP: Paradoxical Rally Finally Reverses Watt Confirmed to Replace DeMarco FHFA Tries to Convince Senate that GSE Risks Outweigh Massive Profits Mortgage Credit Availability Tightens as Higher LTV Options Expire Adverse Market Fee Going Away, but G-Fees Going Up; Mortgage Insurance Overhaul; Investor Updates Nitty Gritty Details on GSE's Expected Fee Hike and State-Level Changes Latest Video More expensive to buy home in 2014: Pro Santelli's morning bond update: 10-year note Cashin says: Traders expect market moving Fed statement More News from 'Around the Web' WSJ - 6:22PM 5 Things You Need to Know About Stanley Fischer Bloomberg - 6:20PM ResCap Approved to Liquidate, End Bankruptcy, Lawyer Says - Bloomberg www.aei.org - 6:20PM HUD's 'Fair Housing' Assault on Local Communities Bloomberg - 5:12PM Housing-Finance Bills Won't Meet 2013 Target, US Lawmakers Say Market Watch - 4:12PM The Fed: Fischer close to becoming No.2 at Fed: reports Bloomberg - 4:11PM MGIC Chief Sees Housing 'Nirvana' After Stock Triples freddiemac.mwnewsroom.com - 4:10PM Freddie Mac Has Record Year for Multifamily Securities Bloomberg - 2:42PM Israel's Fischer Said to Be Top Candidate for Fed Vice Chairman - Bloomberg www.gpo.gov - 2:14PM FHA Updates Lending Standards for Manually Underwritten Borrowers FHFA - 1:55PM FHFA Announces Senior Staff Changes; DeLeo Named Deputy Director Division of Conservatorship Reuters - 12:53PM U.S. poised for stronger growth in 2014, Fed to taper by March: Reuters poll Bloomberg - 12:52PM Property Investment to Grow in 2014, Cornell Survey Says - Bloomberg CNBC - 12:03PM Taper talk pervades markets ahead of auction NAHB - 10:22AM NAHB Applauds Confirmation of Rep. Mel Watt as new FHFA Director The Big Picture - 9:25AM Fannie Mae Didn't Cause the Housing Crisis, Radical Ideologues Did CNBC - 9:24AM S&P downgrades US growth forecast NAFCU - 9:18AM House Missouri members urge mortgage rules delay Today's Comments MBS Live Chat - 2:44PM "MG: is Fischer seen as more of a hawk or dove when it comes to QE?..." MBS Live Chat - 2:46PM "Fischer has a reputation for beng more hawkish than most - evidenced by his refusal to engage in the kind of dovish activity the rest of the world did while in charge in Israel and is especially downbeat on forward guidance...." MBS Live Chat - 2:53PM "He's against giving "Forward Guidance" which I agree with completely. He says it can cause market confusion because the Fed really doesn't know with precision what it's going to do in the future. Creates uncertainy, confusion, and volatility. Totally agree..... I say sign hm up..." MBS Live Chat - 2:54PM "Good piece on his views here http://blogs.wsj.com/economics/2013/09/23/the-key-to-forward-guidance-dont-give-it-fischer-says/..." MBS Live Chat - 2:55PM "http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/15/stan-fischer-saved-israels-economy-can-he-save-americas/..." MBS Live Chat - 2:55PM "those are the two links getting passed around...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.54% +0.07 15 Yr FRM 3.53% +0.04 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.46% +0.04 5/1 Yr ARM 3.23% -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 4.61% 0.26 +0.10 15 Yr. Fixed 3.66% 0.31 +0.10 30 Yr. Jumbo 4.59% 0.15 +0.10 30 Yr. FHA 4.30% 0.38 +0.13 5/1 ARM 3.11% 0.35 +0.02 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 95.34 -0.47 30YR FNMA 3.5 99.78 -0.45 30YR GNMA 3.0 96.55 -0.39 30YR GNMA 3.5 100.98 -0.39 15YR FNMA 3.0 102.33 -0.38 15YR FNMA 2.5 99.30 -0.33 Treasuries Yield Change 2 YR 0.3098% +0.0080 5 YR 1.4957% +0.0463 10 YR 2.8499% +0.0511 30 YR 3.8785% +0.0484 Prices as of: 12/11/2013 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. © 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 Down to December Lows; Adverse Market Fee Gone for all but 4 States; G-Fee Hike

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30 Year Fixed 4.47%   -0.05 15 Year Fixed 3.49%   -0.04 10YR Treasury 2.80%   -0.0492 FNMA 30YR 3.5 100.23   -0.03 FNMA 15YR 2.5 102.70   -0.05 View Today's Rates

Tuesday December 10, 2013 Mortgage Rate Watch - 4:29PM Mortgage Rates Down to December Lows Mortgage rates moved slightly lower again today, bringing them back in line with the lowest levels of the month. Recent improvements are somewhat of a paradox as rates typically move ... MND NewsWire - 11:43AM FHFA Tries to Convince Senate that GSE Risks Outweigh Massive Profits Wanda DeLeo, Deputy Director of the Conservatorship Division of the Federal Housing Finance Agency (FHFA) told a Senate Banking Committee hearing that the new profitability of Freddie ... MND NewsWire - 7:56PM Nitty Gritty Details on GSE's Expected Fee Hike and State-Level Changes As part of the Strategic Plan for the conservatorships, FHFA announced another installment of increased Guarantee fees ("G-Fee") for Fannie Mae and Freddie Mac today. Given the time ... MND NewsWire - 10:35AM Mortgage Credit Availability Tightens as Higher LTV Options Expire Mortgage credit was slightly less available in November than it was in October the Mortgage Bankers Association said today. MBA's new Mortgage Credit Availability Index (MCAI) slipped ... Adverse Market Fee Going Away, but G-Fees Going Up; Mortgage Insurance Overhaul; Investor Updates MBS RECAP: Heading Out Near Best Levels Some Mortgage Servicers Need Improvement -Housing Scorecard Mortgage Rates Tentatively Lower Home Price Expectations Continue to Decline LPS Already Seeing Increased HELOC Problems; More to Come Completed Foreclosures Down More Than 25 Percent in One Month Latest Video We're in a seasonal low, not cyclical: SunTrust CEO Toll Bros CEO: Housing is long way from bubble Harwood: Budget deal close, but delayed More News from 'Around the Web' Bloomberg - 5:12PM Budget Deal Isn't Guaranteed to Pass the House - Bloomberg WSJ - 4:07PM Is Job Market Stronger Than Fed Thinks? Reuters - 4:06PM Watt nears U.S. Senate confirmation as housing regulator SIFMA - 3:07PM SIFMA Comments on the Volcker Rule business.time.com - 1:40PM Everything You Need to Know About the Volcker Rule CNBC - 1:33PM The new mortgage landscape: What you need to know Calculated Risk Blog - 12:39PM Las Vegas Real Estate in November: Year-over-year Non-contingent Inventory up 77.4% Washington Post - 11:26AM Federal government shutdown created drag on D.C. area housing market CNBC - 11:25AM Job openings up in October Market Watch - 11:25AM Bank of America CEO: Volcker won't change anything Bloomberg - 11:24AM Should D.C.'s Poor Get to Keep Their Housing Windfall? - Bloomberg www.gallup.com - 9:17AM In the U.S., Economic Confidence Continues Its Recovery Bloomberg - 9:16AM Why Is Everybody Sitting on Huge Piles of Cash? - Bloomberg Bloomberg - 9:11AM Wells Fargo Plans Two-Year Ethics Review as Banks Face Scrutiny - Bloomberg Bloomberg - 8:04AM Toll Earnings Beat Estimates as Luxury-Home Prices Climb CNBC - 8:02AM US bonds edge higher ahead of JOLTS report CNBC - 8:01AM Back on top: How a troubled bank returned to life Today's Comments MBS Live Chat - 12:55PM "Anyone remember the Business Mileage number I can use for credit back for 2106 Expenses? 22.5 cents sticks in my mind but I'm not sure...." MBS Live Chat - 1:00PM "23 for 2012, 22 for 2011..." MBS Live Chat - 1:01PM "http://www.mgic.com/pdfs/71-40323-cashflow-sam_final.pdf..." MBS Live Chat - 2:58PM "Senate Banking Commitee Live if interested http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=528c6bdb-59eb-4357-8a42-12a016b017f7..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.47% -0.05 15 Yr FRM 3.49% -0.04 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.42% -0.05 5/1 Yr ARM 3.25% +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 4.46% 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 95.81 +0.02 30YR FNMA 3.5 100.23 -0.03 30YR GNMA 3.0 96.94 +0.02 30YR GNMA 3.5 101.38 0.00 15YR FNMA 3.0 102.70 -0.05 15YR FNMA 2.5 99.63 +0.03 Treasuries Yield Change 2 YR 0.3018% +0.0001 5 YR 1.4494% -0.0394 10 YR 2.7988% -0.0492 30 YR 3.8301% -0.0439 Prices as of: 12/10/2013 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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