Daily Newsletter: Confidence in Housing Market Grows; Mortgage Rates Recover; QM Rules this Week?

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30 Year Fixed 3.51%   -0.02 15 Year Fixed 2.85%   -0.02 10YR Treasury 1.90%   +0.0036 FNMA 30YR 3.5 106.17   +0.02 FNMA 15YR 2.5 105.45   -0.05 View Today's Rates

Monday January 7, 2013 MND NewsWire - 10:37AM Confidence in Housing Market Grows, Despite Fiscal Cliff Turmoil Fannie Mae's Chief Economist pointed to the turmoil over the fiscal cliff and debt ceiling for a sharp drop in consumer confidence in December. Fannie Mae's National Housing Survey ... MND NewsWire - 12:13PM List of Improving Housing Markets Reaches 242 in December The list of improving housing markets posted by the National Association of Home Builders (NAHB) and First American Title took a huge jump in January, increasing from the 201 markets ... Mortgage Rate Watch - 2:07PM Mortgage Rates Recover Slightly From Last Week's Rout Mortgage rates managed to catch their breath today after rising at the fastest pace since March on from Wednesday through Friday last week. Some lenders offered improved rate sheets ... Pipeline Press - 10:25AM QM Rules Released by CFPB this Week? Good News on Basel III; More Mortgage Jobs Hey, I like commercial real estate just as much as the next guy, but it seems that the GAO (Government Accountability Office), in its "Causes and Consequences of Recent Bank Failures ... MBS RECAP: Eerily Quiet And Sideways to Start the Week Bank of America to Pay Fannie Mae $3.6B to Resolve Repurchase Issues The Week Ahead: Sparse Economic Data Leaves Focus on Auctions, Tradeflows Realtors Report Multiple Offers, Quick Sales but Continuing Appraisal and Credit Issues Where Would Rates go without the Fed?; CFPB's Reach is Far; MBA Addresses Volker Rule and Margins GAO Study Finds Small Bank Failures have Minimal Impact on Community New HUD Research Tool Offers a Wealth of Housing Data House Committee Chairs Blast CFPB's "Virtually Limitless Power" Latest Video Mortgage Mess Purge BofA-Fannie Mae Deal a `Big Surprise,' Miller Says Bank of America Announces Fannie Mae Settlement More News from 'Around the Web' CNBC - 10:59AM Blame Fannie and Freddie for Mortgage Crisis: Former Wells CEO WSJ - 3:07PM Housing Back in IPO Pipeline CNBC - 2:31PM Why Divisions at the Fed Have Markets So Puzzled CNBC - 2:30PM Why New Basel Rules Won't Make Safer Banks CNBC - 2:25PM At CES 2013, the Connected Home of the Future Bloomberg - 2:24PM HSBC Is Sued by US Borrowers Over Mortgage Insurance House Oversight - 11:57AM Cummings Reacts to New Foreclosure Settlement Bloomberg - 11:16AM JPMorgan Asks Court to Dismiss N.Y. Mortgage Suit as Late CNBC - 9:37AM Will Citi's Massive Layoffs Be Enough? CNBC - 11:13AM Ten Major Banks Agree to Settle Foreclosure Complaints for $8.5 Billion www.freddiemac.com - 9:13AM Freddie Mac: Quick Takes on 2013 Bloomberg - 7:45AM New Mortgage Rules Readied by CFPB as Banks Seek Time to Comply Today's Comments MBS Live Chat - 3:17PM "REPRICE : 3:17 PM - Fifth Third Mortgage Better..." MBS Live Chat - 3:20PM "there can be quite a discrepancy amongst MI companies, CS, plus they credit u/w, so you could get worse pricing on fico, reserves, etc..." MBS Live Chat - 3:14PM "Doing some comparisons on conventional MI. What do you guys pay for your MI? Assuming 95% and 740 credit...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.51% -0.02 15 Yr FRM 2.85% -0.02 FHA 30 Year Fixed 3.25% -0.01 Jumbo 30 Year Fixed 3.71% -0.02 5/1 Yr ARM 2.96% -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 3.50% 0.44 +0.03 15 Yr. Fixed 2.83% 0.26 -0.02 30 Yr. Jumbo 3.73% 0.29 -0.04 30 Yr. FHA 3.34% 0.54 +0.02 5/1 ARM 2.61% 0.36 -0.02 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 3.0 104.25 +0.08 30YR FNMA 3.5 106.17 +0.02 30YR GNMA 3.0 105.53 +0.02 30YR GNMA 3.5 108.09 0.00 15YR FNMA 3.0 105.45 -0.05 15YR FNMA 2.5 104.31 0.00 Treasuries Yield Change 5 YR 0.8110% +0.0033 10 YR 1.9027% +0.0036 30 YR 3.1015% +0.0068 Prices as of: 1/7/2013 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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