Daily Newsletter: Pending Sales' 1st Annual Loss in 2yrs; Home Price Pressure Mounting; DeMarco on 'skin in the game'; Stevens says 'Enough is Enough'

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30 Year Fixed 4.11%   +0.01 15 Year Fixed 3.27%   +0.01 10YR Treasury 2.52%   +0.0145 FNMA 30YR 3.5 102.61   -0.06 FNMA 15YR 2.5 103.84   -0.06 View Today's Rates

Monday October 28, 2013 MND NewsWire - 10:16AM Pending Homes Show First Annual Decline in Over 2 Years Contracts for home purchases declined for the fourth consecutive month the National Association of Realtors® (NAR) said today. NAR's Pending Home Sales Index fell 5.6 percent to ... MND NewsWire - 1:35PM Home Price Increases Narrow, Some States Show August Losses Home prices ticked up a modest 0.4 percent in August Lender Processing Services (LPS) said today. The company's Home Price Index (HPI) based on the months residential real estate transactions ... MND NewsWire - 3:19PM DeMarco Determined to find Just the Right Amount of "Skin in the Game" The acting director of the Federal Housing Finance Agency (FHFA) discussed the future of the government sponsored enterprises Freddie Mac and Fannie Mae (the GSEs) on Monday, focusing ... MND NewsWire - 12:07PM "Enough is enough"; Stevens Calls for End to Conflicting, Unbalanced Policymaking Access to the credit needed to drive this economy is being stifled by government decisions that are an overreaction to events of five years ago, David H. Stevens said today. In an effort ... Mortgage Rates Stay Flat to Begin Busy Week FHFA Breaks Down $5.1 billion JP Morgan Payout Vendors Offering QM Products; QM's Impact on MI, Investor Updates The Week Ahead: Rescheduled Data, Auctions, ADP, GDP, Month-End, and FOMC Latest Video JPM's impact on Wells Fargo Pending home sales down 5.6% I'm very bullish on housing: Expert More News from 'Around the Web' Mortgage Crisis Watch - 4:54PM FHFA's $5.1 Billion Settlements With J.P Morgan Chase www.cfpbmonitor.com - 4:34PM CFPB files RESPA suit for alleged kickbacks to affiliated businesses Fannie Mae - 4:33PM Remarks Adapted From Comments Delivered by Timothy J. ... Bloomberg - 4:33PM Lone Star Said to Close $6.6 Billion Real Estate Fund - Bloomberg Reuters - 4:33PM White House mounts push to win confirmation for housing nominee Bloomberg - 3:04PM Countrywide, Investors Seek Approval of $500 Million Pact - Bloomberg Bloomberg - 3:03PM Fed Sees Avoiding Unprecedented Losses by Holding Mortgage Bonds - Bloomberg CNBC - 3:01PM Rental bonds carry no risk: Mortgage bond pioneer WSJ - 1:57PM Fed Governors Increasingly Have Academic Backgrounds Bloomberg - 1:27PM Treasury 2-Year Note Auction Attracts Highest Demand Since April - Bloomberg FHFA - 1:26PM Remarks of Edward J. DeMarco, Acting Director, Federal Housing Finance Agency, Mortgage Bankers Association's 100th Annual Convention and Expo, Washington, D.C. Reuters - 11:44AM FHA healthier than subsidy from U.S. Treasury suggests -official Bloomberg - 11:43AM Tight Mortgage Credit May Be Worse Than Crisis, Ranieri Says - Bloomberg CNN - 10:55AM Bond rates unlikely to soar again WSJ - 10:54AM Six Ways to Ensure Qualified Borrowers Can Get Mortgages CNN - 9:43AM Use your home to boost retirement savings Reuters - 9:41AM U.S. industrial output posts largest gain in seven months Reuters - 8:26AM Stock futures edge higher as rally looks set to continue CNBC - 8:24AM Fed fight: Rand Paul vs. Janet Yellen CNBC - 8:22AM Where's the next property bubble building? Today's Comments MND NewsWire - 8:11PM "That was a very interesting post. I thought it would have been the other way around LOL!!!..." MBS Live Chat - 11:02AM "how isn't that program considered discriminatory..." MBS Live Chat - 11:04AM "same could said for VA loans...right?..." MBS Live Chat - 11:05AM "maybe, but that is a added benefit to serving the country..." MBS Live Chat - 11:06AM "don't get me wrong, I get it...but there are several loan programs that are demographic specific. The doctor programs happen to be one, just like VA...." MBS Live Chat - 11:07AM "discrimination is only a factor for race, color, age, etc. A lender could choose to make loans to astronauts if they want...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.11% +0.01 15 Yr FRM 3.27% +0.01 FHA 30 Year Fixed 3.80% -0.01 Jumbo 30 Year Fixed 4.11% +0.00 5/1 Yr ARM 3.11% -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 4.39% 0.41 -0.07 15 Yr. Fixed 3.51% 0.30 -0.02 30 Yr. Jumbo 4.43% 0.26 -0.08 30 Yr. FHA 4.15% 0.27 -0.01 5/1 ARM 3.25% 0.26 +0.00 Freddie Mac ** 30 Yr. Fixed 4.13% 0.80 -0.15 15 Yr. Fixed 3.24% 0.60 -0.09 1 Yr. ARM 2.60% 0.50 -0.03 5/1 Yr. ARM 3.00% 0.40 -0.07 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 98.67 -0.17 30YR FNMA 3.5 102.61 -0.06 30YR GNMA 3.0 99.67 -0.16 30YR GNMA 3.5 103.72 -0.05 15YR FNMA 3.0 103.84 -0.06 15YR FNMA 2.5 101.06 -0.13 Treasuries Yield Change 2 YR 0.3072% +0.0042 5 YR 1.2878% +0.0081 10 YR 2.5233% +0.0145 30 YR 3.6170% +0.0180 Prices as of: 10/28/2013 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 Hover Near 4 Percent; Rising Home Prices Will Bring More Buyers; No Loan Limit Changes in November

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30 Year Fixed 4.10%   +0.00 15 Year Fixed 3.26%   +0.00 10YR Treasury 2.51%   -0.0073 FNMA 30YR 3.5 102.67   +0.09 FNMA 15YR 2.5 103.91   +0.03 View Today's Rates

Friday October 25, 2013 Mortgage Rate Watch - 4:36PM Mortgage Rates Continue Hovering Near 4 Percent Mortgage rates held steady yet again, ending their second week of significant improvement and contributing to what may soon be the first 2-month stretch of improvement since the Spring ... MND NewsWire - 4:03PM More People Will Buy Homes if Prices go Up, Wait... What? While it seems counterintuitive, could higher home prices lead an increase in home sales? Two Federal Reserve Bank of San Francisco senior economists, William Hedberg and John Krainer ... MND NewsWire - 10:28AM DeMarco Announces Six Month Notice for Loan Limit Changes While not directly acknowledging the protests that have come from both the public and private sectors about his decision to unilaterally lower loan limits, Edward J. DeMarco, acting ... MND NewsWire - 1:32PM QM and Non-QM Are Going to Get Along Just Fine Savvy entrepreneurs or established organizations have little to fear from the new qualified mortgage (QM) and Ability-to-Repay (ATR) regulations about to come into effect a new white ... MBS RECAP: Bond Markets Maintain Post-Payrolls Rally MBA Outlines Support for Alternative QRM BofA Cuts 4,200; More QM vs Non-QM Risks; Citi Selling $63B of servicing; Propect Mortgage's NY Fine Remodeler Confidence Highest in almost a Decade Jury Rules against Countrywide, in Whistleblower Suit Housing Market Skewed Toward Investors; All-Cash Purchases Surge Latest Video The Week Ahead: Fed policy meeting Wall Street's new housing play Sen. Paul threatens Yellen nomination More News from 'Around the Web' Reuters - 5:22PM Federal housing agency announces $5.1 billion JPMorgan deal Fannie Mae - 5:22PM News Release - Fannie Mae Reaches Repurchase ... freddiemac.mwnewsroom.com - 5:22PM Freddie Mac Announces Settlements Totaling Approximately $3.2 Billion With JPMorgan Chase CNBC - 4:10PM $4 bln JPMorgan/FHFA deal expected as soon as Friday; Justice Dept deal next week: Dow Jones CNBC - 4:10PM Labor Dept: Furloughed workers can't double dip Google News - 4:10PM Then and Now: A Decade of Technology in Real Estate www.aei-ideas.org - 2:45PM No, Rand Paul isn't going to derail Janet Yellen's Fed nomination Washington Post - 2:41PM Fannie, Freddie eliminating pension plans starting Dec. 31 CNBC - 2:16PM QE Infinity? No end in sight for money printing Bloomberg - 2:16PM Tentative JPMorgan Pact Said to Hit Snag Over FDIC Funds - Bloomberg House Financial Services - 12:38PM Who Protects Consumers from the Consumer Financial Protection Bureau? Market Watch - 12:35PM The Week in Charts: Business investment shows signs of slowing WSJ - 11:56AM Vital Signs: Shutdown Dings Consumer Confidence The Big Picture - 11:55AM State of the Economy CNBC - 11:52AM Sen. Paul wants to hold Yellen nomination: Source FHFA - 11:35AM Statement of FHFA Acting Director Edward J. DeMarco on Termination of Fannie Mae and Freddie Mac Pension Plans Reuters - 10:33AM U.S. wholesale inventories rise more than expected CNBC - 10:04AM Government shutdown sinks US consumer sentiment CNBC - 9:15AM US durables rise; aircraft surge masks weak demand freddiemac.mwnewsroom.com - 9:11AM Freddie Mac Issues Monthly Volume Summary for September 2013 Today's Comments MBS Live Chat - 2:02PM "is there ever a way to streamline a brwr (FHA) & remove a spouse from title due to order from divorce decree, or does removing brwr always make it ineligible for streamline?..." MBS Live Chat - 2:03PM "can stream, borrower staying on must have paid last 6 months, may have to income qualify, have to meet net benefit...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.10% +0.00 15 Yr FRM 3.26% +0.00 FHA 30 Year Fixed 3.81% -0.02 Jumbo 30 Year Fixed 4.11% -0.01 5/1 Yr ARM 3.12% -0.03 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 4.39% 0.41 -0.07 15 Yr. Fixed 3.51% 0.30 -0.02 30 Yr. Jumbo 4.43% 0.26 -0.08 30 Yr. FHA 4.15% 0.27 -0.01 5/1 ARM 3.25% 0.26 +0.00 Freddie Mac ** 30 Yr. Fixed 4.13% 0.80 -0.15 15 Yr. Fixed 3.24% 0.60 -0.09 1 Yr. ARM 2.60% 0.50 -0.03 5/1 Yr. ARM 3.00% 0.40 -0.07 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 98.84 +0.20 30YR FNMA 3.5 102.67 +0.09 30YR GNMA 3.0 99.83 +0.19 30YR GNMA 3.5 103.77 +0.19 15YR FNMA 3.0 103.91 +0.03 15YR FNMA 2.5 101.19 +0.14 Treasuries Yield Change 2 YR 0.3030% -0.0039 5 YR 1.2797% -0.0181 10 YR 2.5088% -0.0073 30 YR 3.5990% -0.0112 Prices as of: 10/25/2013 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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