Daily Newsletter: Mortgage Rates Back Near Week Lows; Wells Posts Record Earnings Despit Slip in Mortgage Biz

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30 Year Fixed 3.50%   -0.03 15 Year Fixed 2.81%   -0.03 10YR Treasury 1.72%   -0.0705 FNMA 30YR 3.5 106.22   +0.31 FNMA 15YR 2.5 105.38   +0.06 View Today's Rates

Friday April 12, 2013 Mortgage Rate Watch - 2:23PM Mortgage Rates Back Near Lows Of The Week Mortgage rates finally extended yesterday's move lower, falling at an even quicker pace today. Weaker Retail Sales data contributed to a morning rally that was already underway in European ... MND NewsWire - 11:03AM FHLBanks Get New Deputy Director of Regulation The Federal Housing Finance Agency (FHFA) has announced that Fred C. Graham will become Deputy Director of the Division of Federal Home Loan Bank Regulation. Graham has served in several ... MND NewsWire - 11:02AM Wells Fargo Continues Record Earnings Streak, Despite Slip in Mortgage Business Wells Fargo beat analysts' expectations and brought in record high earnings for the first quarter of 2013 even though its mortgage earnings declined . The company reported net income ... Pipeline Press - 9:44AM Some Astute Concerns About Disparate Pricing, Assumable Loans, and the CFPB Complaint Database Well, the rate lock renegotiation discussion continues, and here is one angle that I hadn't seen raised. "Lately we have been working/wrestling with the complex issue of 'disparate ... MBS MID-DAY: Overnight Session Weak Data Fuel Bond Market Rally FHFA Extends HARP by 2 Years, Through 2015 Amazing Detroit Mortgage Stats; More on Lock Renegotiations; Videos for Bank officers and Directors; Who is Deephaven Mortgage? National Foreclosure Rates Drop but Many States Still see Increases 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 Latest Video Rosengren's Economic Outlook Wells Fargo Beats on Q1 EPS Banks Suffocated by Regulations: Expert More News from 'Around the Web' CNBC - 3:14PM JPMorgan and Wells Mortgage Results May Spell Trouble: Pro Bloomberg - 3:02PM Wells Fargo CEO Sees Housing Shortage Helping Mortgage Results NMLS - 2:58PM CSBS Seeks Comment on Uniform NMLS Licensing Forms and Mortgage Call Report Bloomberg - 12:56PM BofA Ordered to Face Claims Over Insurance Kickbacks Federal Reserve - 12:47PM Bernanke, Creating Resilient Communities www.usnews.com - 12:26PM Fannie Mae CEO: Taxpayers Will Get Their Money Back and Then Some CNBC - 12:24PM Baby Boomers a Boon to Urban Home Builders CNBC - 10:53AM Cramer: Did Wells Miss 'The Great Mortgage Moment'? Boston Fed - 10:21AM Fed's Rosengren: Should Full Employment Be a Mandate for Central Banks? FHFA - 10:19AM FHFA Announces Deputy Director of the Division of Federal Home Loan Bank Regulation CNBC - 9:18AM Wells Fargo: America's 'Boring Bank' Gets Makeover Google News - 9:14AM Why Fannie and Freddie Should Exist in the New Mortgage Market Bloomberg - 9:13AM U.S. Stock Futures Slip as Retail Sales Drop Most in Nine Months CNBC - 8:37AM The Euro Zone Crisis Back - on Multiple Fronts CNBC - 8:33AM Draghi Warns Cyprus About Probe Into Central Bank Chief CNBC - 8:33AM Wells Fargo Posts EPS of 92 cents Vs. 88 cents Est.; Revenue Was $21.3B Vs. $21.59 B Est. CNBC - 8:33AM JPMorgan Chase Posts EPS of $1.59 Vs. $1.39 Est.; Revenue Is $25.858B Vs. $25.864B Est. CNN - 1:04AM Warren grills bank regulators over bungled foreclosure review Today's Comments MBS Live Chat - 12:55PM "REPRICE : 12:55 PM - Franklin American Better..." MBS Live Chat - 12:34PM "REPRICE : 12:34 PM - Chase Better..." MBS Live Chat - 12:08PM "it definitely starts over..." MBS Live Chat - 12:07PM "It's very unclear it states as long as the borrower has been paying mip for five years..." MBS Live Chat - 12:06PM "If you streamline an FHA does the 5 year start over? or is it from the original date if he reaches 78%..." MBS Live Chat - 12:07PM "Starts over..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.50% -0.03 15 Yr FRM 2.81% -0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.61% -0.03 5/1 Yr ARM 2.98% -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 3.0 104.13 +0.39 30YR FNMA 3.5 106.22 +0.31 30YR GNMA 3.0 105.78 +0.42 30YR GNMA 3.5 108.66 +0.41 15YR FNMA 3.0 105.38 +0.06 15YR FNMA 2.5 104.19 +0.20 Treasuries Yield Change 2 YR 0.2300% -0.0040 5 YR 0.6938% -0.0337 10 YR 1.7208% -0.0705 30 YR 2.9177% -0.0798 Prices as of: 4/12/2013 3:42PM 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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