Daily Newsletter: Battle Over Mortgage Interest Deduction; "Unsustainable" Home Price Appreciation Cooling Down

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30 Year Fixed 3.48%   +0.01 15 Year Fixed 2.79%   +0.00 10YR Treasury 1.71%   +0.0067 FNMA 30YR 3.5 106.33   -0.02 FNMA 15YR 2.5 105.53   0.00 View Today's Rates

Thursday April 25, 2013 MND NewsWire - 4:15PM Battle Over Mortgage Interest Deduction Continues in House Committee The House Ways and Means Committee heard a wide variety of opinions today at a hearing on housing tax incentives . Representatives of the housing, building and real estate industries ... MND NewsWire - 9:48AM Zillow: "Unsustainable" Home Price Appreciation Cooling Down Zillow® said today there are signs that the rapid appreciation of home values that has been evident for some months is moderating . The company's Home Value Index (ZHVDI) rose 5 ... Mortgage Rate Watch - 3:18PM Mortgage Rates Almost Perfectly Flat For Eight Consecutive Days Mortgage rates were microscopically higher today, doing very little to change the pervasive theme of narrow, sideways movement this week. In fact, today's rates are almost perfectly ... MND NewsWire - 2:13PM Core-Logic Acquires Case-Shiller CoreLogic, an Irvine, California based provider of property information, analytics and services, announced today that it had acquired Case-Shiller from Finserv, Inc. on March 20, 2013 ... MBS RECAP: Slightly Positive Tilt, But No Lift-Off HARP Marketing; BOK Expansion; Zillow Website to Check Out Your Neighbors; National MI on The Move Freddie Mac's Portfolio Grew in March, Delinquency Rates Decline Latest Video Bond Market Send `All Clear' Signal in Europe Struggling Homeowners Still Default CBOE Delays Trading Due to System Outage More News from 'Around the Web' Reuters - 8:49AM Jobless claims fall, labor market recovery advances www.corelogic.com - 11:34AM CoreLogic Acquires Case-Shiller NAHB - 12:26PM Remodeler Confidence Dips in First Quarter 2013 Market Watch - 12:35PM CBOE halts options trade over tech problem CNBC - 12:36PM CBOE Delays Options Trading Due to System Outage CNBC - 2:35PM Call This Market Surge the Anti-Austerity Rally Reuters - 2:38PM Lawmakers, economists spar over "wasteful" mortgage tax break Washington Post - 2:38PM Higher revenues, lower spending might mean debt limit breather The Basis Point - 2:48PM What Kind of Improvements Are Homeowners Making (INFOGRAPHIC) Google News - 3:25PM Realtors® Urge Preserving of Homeownership Tax Policies SIFMA - 4:45PM Update: Eminent Domain – Still a Bad Idea CNBC - 12:26PM Despite Rising Demand, Some Builders Slow Production NAHB - 12:26PM Housing Tax Incentives Critical to Maintain Thriving Middle Class, NAHB Tells Congress www.aei-ideas.org - 11:27AM Would Janet Yellen as Fed boss be the right dove at the right time? CNBC - 11:25AM More Money Printing? Here's How it Could Happen Today's Comments MND NewsWire - 9:48AM "Agree as well! I can't imagine there will be many in the money borrowers still eligible by the end of the year unless there is an expansion to eligibility. Hopefully that's in the works. Otherwise why do this surprise 2yr extension out of nowhere?..." MBS Live Chat - 1:52PM "Can anyone shed any light on HUD's take on contracted employment starting in the fall (doctor beginning residency) I'm trying to make a case for a manual underwrite with a contract from the university that will employ him. My Co is GNMA direct so I have a shot if I can show some HUD guidance. I'm having..." MBS Live Chat - 1:57PM "MW - don't know about HUD, but F/F i can close 59 days prior to starting work..." MBS Live Chat - 1:59PM "MW, 4155.1 4.E.5.d..." MBS Live Chat - 2:00PM "Projected Income for a New Job Projected income is acceptable for qualifying purposes for a borrower scheduled to start a new job within 60 days of loan closing if there is a guaranteed, non-revocable contract for employment. The lender must verify that the borrower will have sufficient income or cash..." MBS Live Chat - 1:01PM "RTRS- U.S. SELLS $29 BLN 7-YEAR NOTES AT HIGH YIELD 1.155 PCT, AWARDS 97.57 PCT OF BIDS AT HIGH..." MBS Live Chat - 1:02PM "RTRS- U.S. 7-YEAR NOTES BID-TO-COVER RATIO 2.71, NON-COMP BIDS $11.65 MLN..." MBS Live Chat - 1:02PM "very nice..." MBS Live Chat - 1:02PM "RTRS- US TREASURY - PRIMARY DEALERS TAKE $11.89 BLN OF 7-YEAR NOTES SALE, INDIRECT $11.38 BLN..." MBS Live Chat - 1:03PM "yes, good auction. A-..." MBS Live Chat - 1:05PM "santelli gave it a b+..best auction of week..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.48% +0.01 15 Yr FRM 2.79% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.58% +0.00 5/1 Yr ARM 2.99% -0.01 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 3.67% 0.50 -0.01 15 Yr. Fixed 2.91% 0.34 -0.01 30 Yr. Jumbo 3.77% 0.27 -0.02 30 Yr. FHA 3.37% 0.55 -0.06 5/1 ARM 2.57% 0.29 -0.01 Freddie Mac ** 30 Yr. Fixed 3.40% 0.80 -0.01 15 Yr. Fixed 2.61% 0.70 -0.03 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.58% 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 3.0 104.28 +0.02 30YR FNMA 3.5 106.33 -0.02 30YR GNMA 3.0 105.94 -0.06 30YR GNMA 3.5 108.67 -0.08 15YR FNMA 3.0 105.53 0.00 15YR FNMA 2.5 104.34 +0.02 Treasuries Yield Change 2 YR 0.2308% +0.0000 5 YR 0.7110% +0.0207 10 YR 1.7080% +0.0067 30 YR 2.9060% +0.0137 Prices as of: 4/25/2013 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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