Daily Newsletter: Keeping the 30 Year Mortgage? Rates Improve After Weak Manufacturing Data

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30 Year Fixed 3.61%   +0.00 15 Year Fixed 2.93%   -0.01 10YR Treasury 1.84%   -0.0155 FNMA 30YR 3.5 105.72   +0.13 FNMA 15YR 2.5 105.28   +0.08 View Today's Rates

Monday April 1, 2013 Mortgage Rate Watch - 3:29PM Mortgage Rates Improve After Weak Manufacturing Data Mortgage rates improved slightly today, helped along by a weak manufacturing data on an otherwise quiet day. Had it not been for that report at 10am, bond markets including MBS ('mortgage ... Pipeline Press - 11:43AM Thoughts on Keeping the 30-yr Mortgage; Tax Implications of Cancelled Mortgage Debt There continues to be a debate about whether or not 30-yr mortgages/liens are a good idea or not . The MBA's president - Dave Stevens - weighed in on the argument last week. "On the ... MND NewsWire - 11:05AM Fed Study Finds REO Status Strongest Indicator of Property Problems While a mortgage is a financial contract between a borrower and a lender, when a foreclosure occurs there are repercussions that impact parties external to that contract, i.e. neighbors ... MBS Commentary - 4:18PM MBS RECAP: Solid Gains Despite Super Slow Session MBS Live : MBS Afternoon Market Summary To reiterate that which has already been said, today's price movements in MBS belied the level of activity in bond markets. While MBS weren't ... Cordray says Consumer Complaints are Key to Helping Consumers and the Marketplace Shadow Inventory On The Rise After 2012 Foreclosure Legislation Servicers Report Loan Performance Continued to Increase in Q4 Freddie Mac Offers New Streamlined Modification Foreclosure Prevention has aided 2.7 million Fannie and Freddie Borrowers Tight Inventories Constrain Home Purchase Activity Refinancing Volume Breaks 10-Week Losing Streak Latest Video Construction Spending Up 1.2%; ISM 51.3 Spring Housing Has Sprung Santelli's Midday Bond Report More News from 'Around the Web' WSJ - 3:07PM Why It's Still Hard to Get a Mortgage CNBC - 3:05PM Fed's Treasurys Buying Weakens Dollar The Huffington Post - 8:39AM U.S. Smacks Down S&P Request Bloomberg - 9:35AM Genworth Wins Approval to Distance Mortgage-Insurance Business - Bloomberg NY Fed - 11:51AM NY Fed: Banking across Borders with Heterogeneous Banks www.csbs.org - 2:06PM New SAFE MLO Test with Uniform State Content Now Available Business Week - 8:26AM Fannie Mae and Freddie Mac Face New Problem: Profitability www.aei.org - 8:24AM FHA Watch, March 2013 (Vol. 2, No. 3) www.aei.org - 8:24AM Pinto: On Privatizing Fannie and Freddie NAFCU - 8:22AM National Financial Literacy Month begins today Business Week - 9:49PM Merrill Sued for $309 Million by Trust Over Mortgages Today's Comments MND NewsWire - 2:23PM "I wonder how they treat consumer complaints about the CFPB, specifically how they have a director who has not obtained Senate approval as required? I'm sure those get ignored, as do the vast majority of the other complaints referenced in the article...." MBS Live Chat - 1:12PM "REPRICE : 1:12 PM - Provident Funding Better..." MBS Live Chat - 2:08PM "REPRICE : 2:08 PM - Caliber Funding Better..." MBS Live Chat - 2:44PM "REPRICE : 2:44 PM - Suntrust Better..." MBS Live Chat - 12:56PM "wow .300, nice, I'm not seeing anything better than Thursday...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.61% +0.00 15 Yr FRM 2.93% -0.01 FHA 30 Year Fixed 3.31% -0.01 Jumbo 30 Year Fixed 3.70% +0.00 5/1 Yr ARM 3.02% +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 3.82% 0.38 +0.01 15 Yr. Fixed 3.02% 0.36 +0.01 30 Yr. Jumbo 3.95% 0.36 +0.05 30 Yr. FHA 3.53% 0.31 +0.00 5/1 ARM 3.02% 0.36 +0.01 Freddie Mac ** 30 Yr. Fixed 3.57% 0.80 +0.03 15 Yr. Fixed 2.76% 0.70 +0.04 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.68% 0.60 +0.07 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 3.0 103.31 +0.17 30YR FNMA 3.5 105.72 +0.13 30YR GNMA 3.0 104.69 +0.16 30YR GNMA 3.5 107.70 +0.13 15YR FNMA 3.0 105.28 +0.08 15YR FNMA 2.5 103.91 +0.14 Treasuries Yield Change 2 YR 0.2422% -0.0078 5 YR 0.7564% -0.0127 10 YR 1.8366% -0.0155 30 YR 3.0783% -0.0256 Prices as of: 4/1/2013 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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