Daily Newsletter: FHFA Extends HARP 2015; Mortgage Rates Fall; Amazing Detroit Mortgage Stats

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30 Year Fixed 3.53%   -0.01 15 Year Fixed 2.84%   -0.01 10YR Treasury 1.79%   -0.0156 FNMA 30YR 3.5 105.91   +0.13 FNMA 15YR 2.5 105.31   +0.08 View Today's Rates

Thursday April 11, 2013 MND NewsWire - 1:15PM FHFA Extends HARP by 2 Years, Through 2015 The Home Affordable Refinance Program (HARP) has been extended for two years beyond its scheduled expiration on December 31. The Federal Housing Finance Agency (FHFA) announced the ... Mortgage Rate Watch - 3:28PM Mortgage Rates Fall After Three Days Spent Moving Higher Mortgage rates finally moved lower today, after rising moderately during the first 3 days of the week. Today's changes are fairly small when viewed against the damage done since last ... Pipeline Press - 10:01AM Amazing Detroit Mortgage Stats; More on Lock Renegotiations; Videos for Bank officers and Directors; Who is Deephaven Mortgage? Are you a bank officer or director who can watch YouTube at work? Well, who needs to bother reading those endless updates when the FDIC has something for you: "The Technical Assistance ... MND NewsWire - 9:12AM National Foreclosure Rates Drop but Many States Still see Increases Legal filings related to foreclosure declined both in March and in the entire first quarter compared to previous periods RealtyTrac said today. The company's U.S. Foreclosure Report ... MBS MID-DAY: Stronger And Sideways Ahead Of Auction HOPE NOW Continues Modifications and Outreach as Foreclosure Sales Ebb More Thoughts on Renegotiations and LO Comp; Capping Gfees? Don't Hold your Breath HUD's Donovan Outlines 2014 Budget; 90% to Support Existing Programs Congress Hears Recommendations for FHA Reform from Industry Leaders FHA Loans Continue Driving Delinquency Cure Rates Senator Introduces Bill to Break Up Big Banks Purchase Applications Highest Since Homebuyer Tax Credit, Despite Significant Drop in Government Applications Latest Video Bank CEOs Have President's 'Ear' Today Santelli's Midday Bond Report Sam Zell Talks Real Estate More News from 'Around the Web' FHFA - 12:36PM FHFA Extends HARP to 2015 HUD - 12:35PM HUD: Mortgagee Letter 2013-10 CNBC - 3:32PM Does the Fed Hate Pimco and Bank of America? Bloomberg - 11:02AM Lew Says Cutting Spending 'Too Deeply' May Hurt Fragile Recovery Bloomberg - 11:01AM Ginnie Mae Mulls Consequences Tied to Having Two Types of Bonds CNBC - 10:57AM Big Bank CEOs to Meet With Obama Thursday www.npr.org - 10:56AM Why Does Anyone Care About Minutes Of Weeks-Old Fed Meetings? freddiemac.mwnewsroom.com - 10:53AM Freddie Mac: Mortgage Rates Edge Down for Second Week www.census.gov - 10:53AM Economic Characteristics of Households in the United States: Third Quarter 2011 CFPB - 10:03AM CFPB: Small entity compliance guide for the Ability-to-Repay and Qualified Mortgage rule The Huffington Post - 9:38AM Ally Bank's Aggressive Campaign To Avoid Paying For Housing Crisis Bloomberg - 9:37AM ING US to Change Name to Voya Financial After IPO www.mersinc.org - 9:31AM MERS Prevails Again in the Eighth Circuit The Big Picture - 7:58AM States Fight Back Against MERS Mortgage Fraud CNBC - 7:57AM Foreclosure Activity Eases but First-Time Filings Up Market Watch - 7:57AM Year-over-year foreclosure filings fall 23% CNBC - 7:51AM Plosser Makes Case Against Money Printing NAFCU - 7:50AM CFPB posts small-entity guide on QM Today's Comments MBS Live Chat - 1:08PM "mg, any reason why?..." MBS Live Chat - 1:13PM "OO, I'm sure inquiring minds would like to know--myself included. We can only guess at the underlying reasons, but certainly it was palpable after yesterday's lack of response. Personally, I think that US markets are setting the tone for the week and are/were tentatively planning on leveling off somewhere..." MBS Live Chat - 1:57PM "are their any WF retail LOs available for a Q?..." MBS Live Chat - 1:59PM "current pricing on WF retail jumbo = conforming. i wanted confirmation..." MBS Live Chat - 2:00PM "jumbo if it's with a PMB guy can be market leading..." MBS Live Chat - 2:01PM "it's their WF retail website showing it and consumer confirming..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.53% -0.01 15 Yr FRM 2.84% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.64% -0.03 5/1 Yr ARM 3.00% -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 3.68% 0.43 -0.08 15 Yr. Fixed 2.92% 0.34 -0.07 30 Yr. Jumbo 3.79% 0.36 -0.06 30 Yr. FHA 3.43% 0.52 -0.05 5/1 ARM 2.58% 0.37 -0.02 Freddie Mac ** 30 Yr. Fixed 3.43% 0.80 -0.11 15 Yr. Fixed 2.65% 0.70 -0.09 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.62% 0.50 -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 3.0 103.72 +0.22 30YR FNMA 3.5 105.91 +0.13 30YR GNMA 3.0 105.34 +0.22 30YR GNMA 3.5 108.25 +0.13 15YR FNMA 3.0 105.31 +0.08 15YR FNMA 2.5 103.98 +0.05 Treasuries Yield Change 2 YR 0.2340% -0.0001 5 YR 0.7275% -0.0097 10 YR 1.7913% -0.0156 30 YR 2.9975% -0.0079 Prices as of: 4/11/2013 4:14PM 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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