Daily Newsletter: Home Prices Strong; New Home Sales Vary By Region; House Shuns Cordray; Fake Tweets

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30 Year Fixed 3.46%   -0.01 15 Year Fixed 2.78%   -0.01 10YR Treasury 1.71%   +0.0119 FNMA 30YR 3.5 106.31   0.00 FNMA 15YR 2.5 105.50   +0.02 View Today's Rates

Tuesday April 23, 2013 MND NewsWire - 9:50AM National Home Price Recovery Strong; Regions Mixed U.S. house prices rose 0.7 percent from January to February according to data released this morning by the Federal Housing Finance Agency (FHFA). FHFA said this was the fifth consecutive ... MND NewsWire - 11:08AM New Home Sales Rise Slightly Less Than Expected, Inventory Stable New home sales increased to 417,000 units on a seasonally adjusted annual basis in March. This was a 1.5 percent increase from the revised estimate of 411,000 units in February and ... MND NewsWire - 9:40AM Cordray Is Not The Real CFPB Director According To Committee Chair Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee announced yesterday that the committee would not be accepting testimony from Richard Cordray, Director of the ... MBS Commentary - 6:48PM MBS RECAP: Slightly More Volatility, Some of it was Even Real MBS Live : MBS Afternoon Market Summary Today's trading range turned out to be fairly similar to Monday's, with a notable exception. In both cases, the wider part of the range was seen ... CFPB's Final Rule Changes; Navy Fed's 100% Program; Reg. Z's Appendix Q; Home Ownership Trends Distressed Loans Fall Below 5 Million For First Time In 5 Years Mortgage Rates Improve Only Slightly, But Near 2013 Lows Latest Video `Not Too Late' to Buy Homebuilders, Wetenhall Says Santelli Wonders Who Will Run FHFA What Will Pop the Bond Bubble: Pro More News from 'Around the Web' CNBC - 1:42PM False Rumor of Explosion at White House Causes Stocks to Briefly Plunge; AP Confirms Its Twitter Feed Was Hacked www.lpsvcs.com - 10:16AM LPS' "First Look" Mortgage Report: March Month-End Data Shows Continued Decline in Delinquency Rate, Slight Drop in Foreclosure Inventory WSJ - 3:16PM The Housing Market: Not Your Analyst's Oldsmobile? Reuters - 10:23AM New home sales rise, housing recovery still on track CNBC - 10:15AM Pro: Why I'm Buying Bonds WSJ - 8:24AM Bad Mortgages Hit Lowest Level Since 2008 Bloomberg - 11:39AM Treasury Yields Won't Rise Until Year-End, Standish Mellon Says - Bloomberg The Huffington Post - 3:16PM Brad Reid: The Unclean Hands Doctrine Prevents Foreclosure Challenges DataQuick - 3:03PM 1Q2013 California Foreclosures Press Release WSJ - 2:04PM Republicans Say Fed 'Willfully' Withholding Documents Washington Post - 12:46PM As economy recovers, the richest get richer, study shows Reuters - 3:03PM Italy's president to name new premier Wednesday: center left official media.ally.com - 3:18PM Ally Financial Schedules Release of First Quarter 2013 Financial Results www.aei-ideas.org - 2:00PM The most important economic chart in Western civilization — and how it happened Today's Comments MBS Live Chat - 1:12PM "AP hacked?..." MBS Live Chat - 1:12PM "not sure, either happened or ap was hacked..." MBS Live Chat - 1:13PM "but apparently traders believed it for a moment..." MBS Live Chat - 1:14PM "totally explain the spike..." MBS Live Chat - 1:14PM "Sam Hananel ‏@SamHananelAP 3m Please Ignore AP Tweet on explosions, we've been hacked...." MBS Live Chat - 1:14PM "clearly linked to the spike. craziness..." MBS Live Chat - 1:26PM "Can you have any late payments within the last 12 months for HARP or Open Access?..." MBS Live Chat - 1:27PM "I believe 1 x 30 in the last 12 months...." MBS Live Chat - 1:27PM "OA - with AUS approval, no M lates 0-6 months, 1x 30 months 7-12..." MBS Live Chat - 1:28PM "just researched it yesterday..." MND NewsWire - 11:06AM "Finally, someone in congress has a spine and stands up to unconstitutional activity of the executive branch...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.46% -0.01 15 Yr FRM 2.78% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.56% -0.01 5/1 Yr ARM 3.01% +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 3.41% 0.70 -0.02 15 Yr. Fixed 2.64% 0.70 -0.01 1 Yr. ARM 2.63% 0.40 +0.01 5/1 Yr. ARM 2.60% 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 3.0 104.22 -0.02 30YR FNMA 3.5 106.31 0.00 30YR GNMA 3.0 105.94 -0.11 30YR GNMA 3.5 108.70 -0.08 15YR FNMA 3.0 105.50 +0.02 15YR FNMA 2.5 104.28 0.00 Treasuries Yield Change 2 YR 0.2297% +0.0040 5 YR 0.6967% +0.0064 10 YR 1.7065% +0.0119 30 YR 2.9015% +0.0229 Prices as of: 4/23/2013 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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