Daily Newsletter: Nine Attorneys General Demand DeMarco Ouster; Mortgage Rates See Biggest Drop in 3 Weeks

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30 Year Fixed 3.62%   -0.05 15 Year Fixed 2.93%   -0.04 10YR Treasury 1.96%   -0.0365 FNMA 30YR 3.5 105.47   +0.19 FNMA 15YR 2.5 105.23   +0.11 View Today's Rates

Monday March 18, 2013 MND NewsWire - 9:26AM Nine Attorneys General Demand DeMarco Ouster Nine state attorneys general have sent a letter to President Obama, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell demanding new leadership at the Federal ... Mortgage Rate Watch - 3:10PM Mortgage Rates See Biggest Drop in Over Three Weeks Mortgage rates moved lower today at their fastest pace since February 25th's Italian election stalemate. Today's move is also bigger than the entire week of sideways-to-slightly-lower ... MND NewsWire - 11:41AM Infrastructure Challenges Sap Builder Confidence Despite Increased Demand The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index, a measure of home builder confidence , slipped again in March, the third month in a row it has failed ... MBS Commentary - 4:25PM MBS RECAP: Flat Domestic Session After Overnight Euro Bombs MBS Live : MBS Afternoon Market Summary Overnight news regarding a bailout plan for Cyprus dominated trading in Asian and European hours as markets took flight from riskier assets ... The Week Ahead: Dynamic Duo of FOMC and Eurodrama Back in Action California Home Prices Benefit from Short Inventory, Sales Suffer Improving Credit Markets Force Titanium Shut Down; What is Moving the Relative Prices of Ginnie, Fannie, and Freddie MBS? Blackstone Buying $100M Single Family Homes per Week; LO Comp Plan Impact Default Rates? MBA Compliance Classes and QRM Update FHFA OIG Looks at Freddie Mac's $1.2B Lehman Brothers Loss MBA Applauds Bill to Clarify QM Points and Fees Foreclosure Inferno Contained, but Dangerous Flare-ups Still Popping Up: RealtyTrac Latest Video Housing: Dissecting the Good, Bad & Ugly Yale's Shiller on U.S. Housing Market, Economy What's Really Happening in Cyprus? More News from 'Around the Web' Business Week - 4:57PM BB&T Credit-Rating Outlook Cut to Negative by S&P After Fed Test CNBC - 3:22PM Still a Long Way to Go for Housing: Meritage CEO The Basis Point - 12:32PM Originations: CFPB's Current Structure Is Best For Consumers Realtor.Org - 3:23PM Budget Plans: Any Impact on Real Estate? CNBC - 12:31PM Court Rejects Goldman Appeal in Mortgage Suit www.freddiemac.com - 9:18AM Freddie Mac: Buying an REO Home - Four Things You Need to Know CNBC - 7:55AM Cyprus Can't Put 'Genie Back in the Bottle': O'Neill Bloomberg - 8:36PM Morgan Stanley, Deutsche Must Face Allstate Mortgage Suit Today's Comments MBS Live Chat - 12:49PM "obama has a refi proposal he is pushing but again low confidence in it passing. www.wh.gv/refi..." MBS Live Chat - 12:49PM "www.wh.gov/refi..." MBS Live Chat - 12:50PM "http://www.govtrack.us/congress/bills/113/s249..." MBS Live Chat - 12:52PM "what are the provisions Ryan?..." MBS Live Chat - 12:54PM "no change to the date, basically the proposed changes are to allow any originator to do what the existing servicer can do. They also want to find another solution to appriasal alternatives, they don't believe the existing systems provides low cost options for enough borrowers..." MBS Live Chat - 12:54PM "13% chance of it getting by committee and a 2% chance of it getting enacted. "So you're saying there's a chance."..." MBS Live Chat - 12:55PM "Obama's bill is focused non-agency owned mortgages, specifically the subprime loans that were done in prior to 2009. He wants to provide these people that are underwater with high interest rates relief as well..." MBS Live Chat - 12:58PM "They could convert those Non-Agency mortgages subprime into FHA loans? Would that require Congressional Approval?BO executive Order?..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.62% -0.05 15 Yr FRM 2.93% -0.04 FHA 30 Year Fixed 3.33% -0.04 Jumbo 30 Year Fixed 3.73% -0.06 5/1 Yr ARM 3.03% +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 3.63% 0.80 +0.11 15 Yr. Fixed 2.79% 0.80 +0.03 1 Yr. ARM 2.64% 0.40 +0.01 5/1 Yr. ARM 2.61% 0.60 -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 3.0 102.98 +0.25 30YR FNMA 3.5 105.47 +0.19 30YR GNMA 3.0 104.42 +0.22 30YR GNMA 3.5 107.41 +0.17 15YR FNMA 3.0 105.23 +0.11 15YR FNMA 2.5 103.73 +0.11 Treasuries Yield Change 2 YR 0.2460% -0.0080 5 YR 0.8065% -0.0274 10 YR 1.9564% -0.0365 30 YR 3.1851% -0.0272 Prices as of: 3/18/2013 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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