Daily Newsletter: Mortgage Rates Soar on Employment Data; Senator Wants DOJ to Investigate LPS

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30 Year Fixed 3.71%   +0.08 15 Year Fixed 3.01%   +0.06 10YR Treasury 2.06%   +0.0593 FNMA 30YR 3.5 104.97   -0.33 FNMA 15YR 2.5 104.89   -0.20 View Today's Rates

Friday March 8, 2013 Mortgage Rate Watch - 2:59PM Mortgage Rates Highest In Nearly 10 Months After Employment Data Mortgage rates vaulted higher today at their fastest pace since late January, after the Employment Situation showed an unexpectedly high number of jobs created in February. The Employment ... MND NewsWire - 11:08AM Senator Requests DOJ Investigation of LPS Related to Fees, Double-Billing According to the Wall Street Journal , Senator Ron Wyden (D-OR) has sent a letter to the Department of Justice requesting an investigation of Lender Processing Services (LPS) . The ... Pipeline Press - 10:44AM Sequester Puts Native American Loan Program on Hold; Uniform State Test Info; Interesting Prepayment Info and How it Impacts Pricing Andrew Jackson's portrait is on the $20 bill of the United States - we know that. But what many people don't know is that for years, and perhaps to this day, many Native Americans will ... MND NewsWire - 12:26PM Mortgage Insurers Active in HAMP, HARP Programs The three major private mortgage insurers participated in the modification of 5,791 mortgages through the Home Affordable Modification Program (HAMP) in the fourth quarter of 2012 and ... MBS MID-DAY: Range Finding Leads To More Selling Fed Reports Results of First Dodd-Frank Bank Stress Tests Unintended Consequences of Judicial vs Non-Judicial Foreclosure Consumers More Upbeat on Housing than Broader Economy Credit Unions Have Good Year; Refresher on Types of Loans Under Qualified Mortgage Concept Foreign-Born Households will Drive Homeowner and Rental Markets this Decade Refinancing Actvity Surges Back to January Levels on Lower Rates Sequester or Not Housing Recovery to Bode Well for Employment Latest Video Santelli & Liesman Fight Over 'Normalizing Rates' Lack of Labor Jacks Up Home Prices Builders' Credit Freeze Thawing? More News from 'Around the Web' Bloomberg - 1:49PM Bank of America Raises Forecast for Gain in Home Prices CNBC - 1:44PM Banks and Fed's Stress Test Models Far Apart Bloomberg - 1:44PM MBIA Loses Bid to Get FDIC Funds to Cover IndyMac Liability www.csbs.org - 4:10PM Multi-State Mortgage Committee Issues 2012 Annual Report to State Regulators Market Watch - 12:16PM Fed's Bullard sees continued bond buying Reuters - 10:47AM Fed mulls putting a "not for sale" sign on its assets CNBC - 10:32AM Housing Jobs Jump, but Workers Aren't Returning WSJ - 9:53AM Senator Asks Justice Department to Investigate Mortgage Company media.ally.com - 8:16AM Ally Financial Statement on Dodd-Frank Act Stress Test Results www.cfpbmonitor.com - 8:13AM CFPB on sequester list www.nytimes.com - 11:16PM Mortgages: The Right Time and Place to Buy Today's Comments MBS Live Chat - 12:51PM "REPRICE : 12:51 PM - AMC Worse..." MBS Live Chat - 12:36PM "eh... i don't know BB. it's the kind of thing I would have liked to have seen hold up intraday. The damage that a break of 2.05 could do has already been done regardless of the 3pm yield. Silver lining maybe...." MBS Live Chat - 12:34PM "MG--How much value would you put to closing the day under 2.5 on the 10 yr today?..." MBS Live Chat - 12:18PM "There is our Italy news, albeit somewhat innocuous..." MBS Live Chat - 12:17PM "REPRICE : 12:17 PM - Flagstar Worse..." MBS Live Chat - 12:15PM "RTRS - FITCH SAYS IT COULD CUT ITALY FURTHER IF RECESSION IS DEEPER AND LONGER THAN FORECAST..." MBS Live Chat - 12:15PM "RTRS - FITCH SAYS ITALY DOWNGRADE COMES ON INCONCLUSIVE ELECTIONS AND ONGOING RECESSION..." MBS Live Chat - 12:15PM "RTRS - FITCH DOWNGRADES ITALY TO 'BBB+'; OUTLOOK NEGATIVE..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.71% +0.08 15 Yr FRM 3.01% +0.06 FHA 30 Year Fixed 3.42% +0.06 Jumbo 30 Year Fixed 3.73% -0.06 5/1 Yr ARM 3.04% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.78% 0.76 +0.08 30 Yr. Fixed 3.53% 1.11 +0.06 MBA ** 30 Yr. Fixed 3.70% 0.39 -0.07 15 Yr. Fixed 2.96% 0.36 -0.07 30 Yr. Jumbo 3.80% 0.37 -0.13 30 Yr. FHA 3.47% 0.33 -0.07 5/1 ARM 2.55% 0.37 -0.10 Freddie Mac ** 30 Yr. Fixed 3.52% 0.70 +0.01 15 Yr. Fixed 2.76% 0.70 +0.00 1 Yr. ARM 2.63% 0.30 -0.01 5/1 Yr. ARM 2.63% 0.50 +0.02 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 3.0 102.23 -0.56 30YR FNMA 3.5 104.97 -0.33 30YR GNMA 3.0 103.58 -0.45 30YR GNMA 3.5 106.92 -0.34 15YR FNMA 3.0 104.89 -0.20 15YR FNMA 2.5 103.31 -0.23 Treasuries Yield Change 2 YR 0.2579% +0.0039 5 YR 0.8949% +0.0405 10 YR 2.0558% +0.0593 30 YR 3.2579% +0.0563 Prices as of: 3/8/2013 4:13PM 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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