Daily Newsletter: Home Prices Grow at Fastest Pace in Seven Years; Potential Cordray Fallout

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30 Year Fixed 3.58%   -0.02 15 Year Fixed 2.91%   -0.01 10YR Treasury 1.96%   +0.0127 FNMA 30YR 3.5 105.25   -0.16 FNMA 15YR 2.5 104.95   -0.19 View Today's Rates

Monday February 11, 2013 MND NewsWire - 11:04AM Home Prices Grow at Fastest Pace in Seven Years Home prices in the fourth quarter of 2012 showed a rate of annual appreciation greater than in any quarter since the end of 2005 the National Association of Realtors® (NAR) said ... MND NewsWire - 10:56AM Potential Fallout of Cordray's CFPB Appointement being Invalidated This is the second of two installments ( part 1 ) summarizing a seminar given by Ballard Spahr, a national law firm, to explain the possible ramifications of a recent Appeals Court ... MND NewsWire - 11:42AM Mortgage Servicers Modify 850,000 Loans in 2012: HOPE NOW HOPE NOW , the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, has now helped over 7 million homeowners with various ... MND NewsWire - 12:12PM Nevada Looks to Reduce Shadow Inventory by Purchasing $150M in Delinquent Mortgages Citing the overhang of distressed homes as a major stumbling block to recovery, a Nevada official is proposing a new program for reducing it. According to the Associated Press, Bruce ... Mortgage Rates Moderately Improved To Begin The Week MBS RECAP: Extremely Slow Day, But Moderately Improved The Week Ahead: Sparse Calendar, Possibly Cautious into Treasury Auctions Housing Scorecard Shows Borrowers Continue to Access MHA Programs Investor Bales on Wholesale; Right of Rescission Legal Ruling; Capacity and Profit Margins; HARP 3 NLRB Ruling Leaves a "Dark Cloud" Hanging Over CFPB Homeowner Refinancing Act Resubmitted by Senators Menendez and Boxer CFPB on Speed Dial for Newark Residents Record One-third of Home Sales in California were All-Cash Latest Video Santelli's Midday Bond Report U.S. Representative Campbell on Banking Legislation Homes as Credit Cards More News from 'Around the Web' freddiemac.mwnewsroom.com - 5:06PM Steven W. Kohlhagen Elected to Freddie Mac Board of Directors NAR - 3:05PM NAR: Restarting Mortgage Finance, Step 1 CNBC - 5:06PM SEC Might Be Too Cozy With Wall Street: Report Bloomberg - 5:08PM Pimco's Gross Boosts Holdings of US Treasuries to 6-Month High Reuters - 1:39PM Fed's Yellen says Fed taking 'forceful action' on economy FHFA - 1:30PM FHFA Statement on CFPB Mortgage Servicing Transfer Bulletin The Big Picture - 11:46AM 60 Minutes: 40 Million Mistakes on Your Credit Report SIFMA - 11:45AM SIFMA: Bond Markets Closed for Presidents' Day Holiday on Monday, Feb. 18 Google News - 10:30AM NAR: Fourth Quarter Metro Area Home Prices Show Strongest Performance in Seven Years National Housing Conference - 10:30AM FHA in the spotlight, structural reform in the shadows NAFCU - 8:30AM Cordray to testify Thursday on Dodd-Frank Business Week - 11:13PM Nevada program would buy underwater mortgages Bloomberg - 8:31AM Regulators Seek Views on Strengthening Mortgage Insurance Market Today's Comments MBS Live Chat - 2:28PM "REPRICE : 2:28 PM - Wells Fargo Better..." MBS Live Chat - 2:24PM "REPRICE : 2:24 PM - Chase Better..." MBS Live Chat - 1:47PM "early stages of correcting the "duration shedding' that had been going on in earnest since the 25th...." MBS Live Chat - 1:47PM "in other words, 3.0s suffered more recently because they're longer duration (paid off more slowly)...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.58% -0.02 15 Yr FRM 2.91% -0.01 FHA 30 Year Fixed 3.30% -0.02 Jumbo 30 Year Fixed 3.77% -0.03 5/1 Yr ARM 3.01% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.70% 1.16 -0.11 30 Yr. Fixed 3.47% 1.29 -0.07 MBA ** 30 Yr. Fixed 3.73% 0.43 +0.06 15 Yr. Fixed 3.00% 0.33 +0.05 30 Yr. Jumbo 3.96% 0.38 +0.01 30 Yr. FHA 3.53% 0.38 +0.05 5/1 ARM 2.72% 0.30 +0.12 Freddie Mac ** 30 Yr. Fixed 3.53% 0.80 +0.00 15 Yr. Fixed 2.77% 0.70 -0.04 1 Yr. ARM 2.53% 0.40 -0.06 5/1 Yr. ARM 2.63% 0.60 -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 3.0 103.11 -0.11 30YR FNMA 3.5 105.25 -0.16 30YR GNMA 3.0 104.30 -0.17 30YR GNMA 3.5 107.36 -0.25 15YR FNMA 3.0 104.95 -0.19 15YR FNMA 2.5 103.56 -0.14 Treasuries Yield Change 2 YR 0.2580% +0.0040 5 YR 0.8492% +0.0192 10 YR 1.9644% +0.0127 30 YR 3.1730% +0.0086 Prices as of: 2/11/2013 4:32PM 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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