Daily Newsletter: House Members Seek FHA Financial Documents; Refis to Fall 26% in 2013; Rates Move Higher

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30 Year Fixed 3.45%   +0.05 15 Year Fixed 2.78%   +0.03 10YR Treasury 1.82%   +0.0488 FNMA 30YR 3.5 106.16   -0.05 FNMA 15YR 2.5 105.34   -0.02 View Today's Rates

Tuesday December 18, 2012 MND NewsWire - 5:10PM House Members Seek FHA Financial Documentation in Letter to HUD's Donovan Apparently fearful of another bail out, six Republican members of the House Financial Services Committee sent a letter to the Obama Administration today asking for documents and information ... MND NewsWire - 11:39AM Refinance Volume Expected To Fall 26% in 2013: Fannie Mae Fannie Mae has declared that housing is finally providing a tailwind to economic growth . The company's December Economic and Strategic Report says that the market "has turned the corner ... Mortgage Rate Watch - 3:47PM Mortgage Rates Rise To Multi-Month Highs On Fiscal Cliff Optimism Mortgage rates moved higher at the quickest pace in weeks on Tuesday as politicians convey an increasing sense of compromise regarding Fiscal Cliff negotiations. The broader move higher ... MND NewsWire - 3:44PM MBA Assembles Task Force to Plan Future of Secondary Mortgage Market The Mortgage Bankers Association (MBA) has formed a task force to revisit its 2009 proposal for the future Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs ... MBS RECAP: Ugly Day For Bond Markets, Cliff-Diving US Bank Comp Plan Turning Heads; Jumbo Rates Improving on a Relative Basis Home Builders Report Best Sales Conditions in Five Years Insurers, Servicers, Community Housing Groups Come Together to Aid Hurricane Sandy Victims The CFPB on QM and Auto Financing; ALTA on Risk Policy and Closing Policies Latest Video Sen. Paul: Dems Not Serious About Cutting Entitlements No Housing Boom, But 2013 Rebound Home Builder Sentiment Up More News from 'Around the Web' CNBC - 4:24PM More Toxic "Safe" Mortgages, Coming Soon From A Bank Near You www.freddiemac.com - 4:21PM Guide Bulletin 2012-29 Provides Special Guidance for Hurricane Sandy Relief S&P/Case Shiller - 2:38PM National Credit Default Rates Ticked Up in November 2012 According to the S&P/Experian Consumer Credit Default Indices Reuters - 2:32PM JPMorgan names new mortgage banking chief CNBC - 2:32PM Banks Get Lawsuit Shield in Mortgage Rules NMLS - 1:55PM NMLS Annual Conference www.aei.org - 9:36AM FHA Watch, December 2012 Fannie Mae - 9:16AM Fannie Mae: Fiscal Cliff Remains Key Risk Factor to Near-Term Growth www.treasury.gov - 9:16AM An Update on the Wind Down of TARP's Bank Programs Today's Comments MBS Live Chat - 2:49PM "REPRICE : 2:49 PM - Wells Fargo Worse..." MBS Live Chat - 2:52PM "REPRICE : 2:52 PM - BB&T Worse..." MBS Live Chat - 2:52PM "REPRICE : 2:52 PM - Franklin American Worse..." MBS Live Chat - 2:52PM "REPRICE : 2:52 PM - Stearns Lending Worse..." MBS Live Chat - 3:09PM "REPRICE : 3:09 PM - Sun West Mortgage Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.45% +0.05 15 Yr FRM 2.78% +0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.66% +0.06 5/1 Yr ARM 3.02% +0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.91% 0.89 -0.12 30 Yr. Fixed 3.62% 1.22 -0.14 MBA ** 30 Yr. Fixed 3.47% 0.36 -0.05 15 Yr. Fixed 2.85% 0.26 -0.01 30 Yr. Jumbo 3.77% 0.35 -0.02 30 Yr. FHA 3.32% 0.51 -0.02 5/1 ARM 2.63% 0.34 +0.01 Freddie Mac ** 30 Yr. Fixed 3.32% 0.70 -0.02 15 Yr. Fixed 2.66% 0.60 -0.01 1 Yr. ARM 2.53% 0.50 -0.02 5/1 Yr. ARM 2.70% 0.60 +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 3.0 104.25 -0.13 30YR FNMA 3.5 106.16 -0.05 30YR GNMA 3.0 105.72 -0.14 30YR GNMA 3.5 108.19 -0.06 15YR FNMA 3.0 105.34 -0.02 15YR FNMA 2.5 104.25 -0.02 Treasuries Yield Change 2 YR 0.2818% +0.0278 5 YR 0.7652% +0.0307 10 YR 1.8240% +0.0488 30 YR 3.0045% +0.0572 Prices as of: 12/18/2012 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

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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. © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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