Daily Newsletter: Mortgage Rates Recover; Improving Markets in all 50 States

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30 Year Fixed 3.57%   -0.04 15 Year Fixed 2.90%   -0.03 10YR Treasury 1.96%   -0.0521 FNMA 30YR 3.5 105.67   +0.11 FNMA 15YR 2.5 105.27   +0.16 View Today's Rates

Wednesday February 6, 2013 Mortgage Rate Watch - 3:32PM Mortgage Rates Recover Yesterday's Losses, Back In Line With Monday Mortgage rates did a complete 180, for the second straight session. This reverses yesterday's rise in borrowing costs, taking them back in line with Monday's more palatable offerings ... MND NewsWire - 12:00PM Improving Markets List Expands to Include at Least One Major City in Every State All fifty states and the District of Columbia are now represented on the Improving Markets Index (IMI) that was released today by National Association of Home Builders (NAHB) and First ... MND NewsWire - 8:17AM Mortgage Applications Rise 3.4%, Rates Move Higher After decreasing during the holiday shortened week ended January 25 the pace of mortgage applications returned last week to the upward track it had been on since the first of the year ... MBS Commentary - 4:22PM MBS RECAP: Window Waxing Continues, Europe In Play MBS Live : MBS Afternoon Market Summary Wax-on: solid gains throughout the day on Monday. Wax-off: gains mostly erased in Europe overnight on Tuesday. Wednesday, then, is "wax-on, risk ... Zany Commercial and Multifamily Numbers; Upcoming Training and Events PNC Hit with Fine for Denying Loan to Veteran on Maternity Leave Bill Proposes End to Fed's Stimulus Role, Return to Single Mandate Abrupt Reversal For Markets Leaves Rates At Recent Highs Details Emerge on DOJ Lawsuit Against S&P Over RMBS Ratings Senator Introduces CFPB Reform Bill to Replace Cordray with Five-Member Commission Senior Loan Officers Report Little Change in Standards as Demand Rises Latest Video Sheila Bair on Libor Scheme & DOJ Post S&P Gross: 'Don't Own Long Bonds' Santelli's Afternoon Bond Update More News from 'Around the Web' Reuters - 5:05PM Lawmakers draw battle lines on FHA housing finance agency CNBC - 4:20PM Housing Recovery Boosts Leasing: Prologis CEO WSJ - 2:00PM Return of 100% Financing Washington Post - 11:48AM Tim Geithner to write book about fighting financial crisis CNBC - 9:20AM RBS Hit by $612 Million Fine on Libor Scandal CNN - 9:20AM Home Depot to hire 80,000 for spring NAHB - 10:40AM List of Improving Housing Markets Expands to 259 in February; All 50 States Represented Bloomberg - 9:19AM Federal Reserve Says Operations Unaffected by Website Breach dealbook.nytimes.com - 12:57AM E-Mails Show Alarm at S.&P. as Mortgage Crisis Exploded Business Week - 12:56AM Flagstar Must Pay $90.1 Million to Bond Insurer, Judge Rules Today's Comments MND NewsWire - 1:17PM "I just wanted to Thank MG, and all of the regular contributor to MND for sharing your insights and knowledge. I'm a consumer who has been following this site for almost two years. Based on what I've learned here, I have able to refi our underwater VA Jumbo twice in that period at almost no cost, ultimately..." MND NewsWire - 6:35PM "Like Dracula, the CFPB needs a stake through its heart...." MND NewsWire - 4:47PM "Makes perfect sense, which means it probably won't get very far through congress. What does monetary policy have to do with unemployment anyway, other than serve as a political scapegoat for members of congress not to make tough decisions that might jeopardize their chances of reelection...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% -0.04 15 Yr FRM 2.90% -0.03 FHA 30 Year Fixed 3.30% -0.03 Jumbo 30 Year Fixed 3.76% -0.04 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% 0.70 +0.11 15 Yr. Fixed 2.81% 0.70 +0.10 1 Yr. ARM 2.59% 0.50 +0.02 5/1 Yr. ARM 2.70% 0.60 +0.03 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 3.0 103.45 +0.19 30YR FNMA 3.5 105.67 +0.11 30YR GNMA 3.0 104.56 +0.19 30YR GNMA 3.5 107.69 +0.08 15YR FNMA 3.0 105.27 +0.16 15YR FNMA 2.5 103.81 +0.16 Treasuries Yield Change 2 YR 0.2539% -0.0119 5 YR 0.8365% -0.0385 10 YR 1.9639% -0.0521 30 YR 3.1703% -0.0502 Prices as of: 2/6/2013 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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