Daily Newsletter: 2012 Record Year for Housing Affordability; Waiting on QM; Mortgage Apps Bounce Back

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30 Year Fixed 3.46%   -0.02 15 Year Fixed 2.81%   -0.01 10YR Treasury 1.86%   -0.0034 FNMA 30YR 3.5 106.31   +0.08 FNMA 15YR 2.5 105.53   0.00 View Today's Rates

Wednesday January 9, 2013 MND NewsWire - 12:05PM 2012 On Pace to be Record Year for Housing Affordability Even though home prices have been rising, the National Association of Realtors® (NAR) said today that 2012 appears primed to set a record for housing affordability . With 11 months ... Pipeline Press - 10:11AM Waiting for QM, the MBA Weighs In; Who is the Largest Private Real Estate Holder? Huh? AIG, the parent of United Guarantee, is thinking about suing the United States government over its bailout? Stranger than fiction - but true! Here is some chatter on the subject ... Mortgage Rate Watch - 4:08PM Mortgage Rates Continue Steady Descent Back To Earth Mortgage rates moved slightly lower again today , marking the third straight session of recovery after being launched higher last week. The magnitude of that launch is a matter of perspective ... MND NewsWire - 9:47AM Mortgage Application Volume Bounces Bank from Holiday Lull Despite the shorter holiday week, mortgage applications rose 11.7 percent on a seasonally adjusted basis during the week ended January 4 and 49 percent on a seasonally unadjusted basis ... MBS RECAP: Slight Volatility Around Auction, But Momentum Persists Real Estate Web Searches Climb 253% in Four Years as 90% of Homebuyers Use Internet as Primary Research Confidence in Housing Market Grows, Despite Fiscal Cliff Turmoil Realtors Report Multiple Offers, Quick Sales but Continuing Appraisal and Credit Issues New HUD Research Tool Offers a Wealth of Housing Data List of Improving Housing Markets Reaches 242 in December Latest Video HUD Secretary Donovan on U.S. Housing Market, AIG America's New Landlord Pres. Obama to Name Jack Lew Treasury Secretary: Source More News from 'Around the Web' Washington Post - 3:03PM Why the CFPB's new mortgage rules matters CNBC - 12:07PM Why Jobless Numbers Means Low Rates for Years CNBC - 4:13PM How Big is Wall Street's Housing Bet? Pretty Big CNBC - 11:02AM Meet America's New Landlords: REITs CNBC - 11:01AM Source: Obama to Nominate Jack Lew Treasury Secretary Bloomberg - 10:13AM PNC Says Mortgage Deals Will Reduce Fourth-Quarter Profit CNBC - 7:53AM Mortgage Applications Rebound in Latest Week Market Watch - 7:53AM Four major firms said near mortgage-service accord WSJ - 9:37PM Investors Pick Over Distressed Property Today's Comments MBS Live Chat - 2:38PM "does anyone have the link to the HUD mortgagee letter which states the MIP imcrease in 2013?..." MBS Live Chat - 2:39PM "there has been NO mortgagee letter yet..." MBS Live Chat - 2:40PM "expected at the end of this month..." MBS Live Chat - 3:14PM "REPRICE : 3:14 PM - AMC Better..." MBS Live Chat - 3:03PM "CBC National Bank Reprice - Better..." Recent Q & A "Who can I contact about the bank Robo-Signing my loan papers? " "Can a spouse refinance a mortgage loan in one name without the signature of the other spouse?" "Can an employer deduct credit report and other costs from an lo's paycheck?" Today's Rates Best Execution Rate Change 30 Yr FRM 3.46% -0.02 15 Yr FRM 2.81% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.66% -0.02 5/1 Yr ARM 2.97% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.81% 1.00 -0.10 30 Yr. Fixed 3.54% 1.24 -0.08 MBA ** 30 Yr. Fixed 3.61% 0.41 +0.09 15 Yr. Fixed 2.88% 0.39 +0.02 30 Yr. Jumbo 3.78% 0.38 +0.03 30 Yr. FHA 3.35% 0.69 +0.01 5/1 ARM 2.64% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 3.34% 0.70 -0.01 15 Yr. Fixed 2.64% 0.60 -0.01 1 Yr. ARM 2.57% 0.40 +0.01 5/1 Yr. ARM 2.71% 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 3.0 104.55 +0.16 30YR FNMA 3.5 106.31 +0.08 30YR GNMA 3.0 105.64 -0.05 30YR GNMA 3.5 108.20 +0.06 15YR FNMA 3.0 105.53 0.00 15YR FNMA 2.5 104.44 +0.05 Treasuries Yield Change 2 YR 0.2442% -0.0117 5 YR 0.7676% -0.0113 10 YR 1.8604% -0.0034 30 YR 3.0629% +0.0009 Prices as of: 1/9/2013 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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