Daily Newsletter: Mortgage Rates Hit One Month Lows; DeMarco Opponents Relentless Push for Replacement

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30 Year Fixed 3.57%   -0.03 15 Year Fixed 2.88%   -0.03 10YR Treasury 1.82%   -0.0466 FNMA 30YR 3.5 105.86   +0.19 FNMA 15YR 2.5 105.38   +0.11 View Today's Rates

Wednesday April 3, 2013 Mortgage Rate Watch - 3:32PM Mortgage Rates Hit One Month Lows. Time To Lock? Mortgage rates improved at their fastest pace in a week, bringing most lenders' rate sheet offerings to their best levels since the first few days of March. In a continued break from ... MND NewsWire - 5:45PM DeMarco Opponents Continue to Relentless Push for Replacement Two state's attorneys general have raised the public profile of their earlier requests that Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA) be replaced ... MND NewsWire - 10:29AM Home Prices Improve at Fastest Rate Since 2006, Driven by Western States Rapidly rising home prices were confirmed by another report this morning, this one from CoreLogic. Its Home Price Index (HPI) jumped 10.2 percent on an annual basis in February, the ... MND NewsWire - 9:36AM FHA Fee Hike Prompts Surge in Purchase Applications The pending increase in FHA guarantee fees pushed applications for government-backed purchase mortgages up 7 percent butt the overall volume of mortgage activity dropped during the ... MBS RECAP: Old-Fashioned Rally On US Economic Data! Chase Mortgage Cutbacks; FHA MIP Clarification; Modified Loan Performance; Thoughts on the Future of Securitization Fannie Mae's Q4 and FY 2012 Income Set Company Records Sales of Vacation Homes Jump 10% in 2012 Thoughts on Keeping the 30-yr Mortgage; Tax Implications of Cancelled Mortgage Debt Fed Study Finds REO Status Strongest Indicator of Property Problems Latest Video Housing Deja Vu Santelli: 'Insanity! Insanity!' re: White House Push for Less Qualified Loans Fed's Tarullo: More Bank Regulations to Come More News from 'Around the Web' Fannie Mae - 4:05PM Fannie Mae Releases February 2013 Monthly Summary Reuters - 3:49PM JPMorgan wins dismissal of most Dexia mortgage claims Market Watch - 3:49PM The Fed: Fed could start tapering QE3 this summer: Williams Reuters - 3:48PM Analysis: Supply crunch to take steam out of home sales CNBC - 3:47PM JPM's Win in MBS Fraud Case May Be Victory for Other Banks CNBC - 2:16PM Citing Danger from North Korea, US to Send Missile Defense to Guam CFPB - 11:40AM CFPB: April is Financial Literacy Month. So what? WSJ - 10:08AM Rent Rises Showing Signs of Cooling Off Market Watch - 9:48AM Fed official eyes delayed Volcker Rule approval Bloomberg - 7:59AM Americans Seize Second Chance Post-Foreclosure: Mortgages NAFCU - 7:56AM Fannie profits may muddy reform debate Bloomberg - 10:02PM The Big Risk of Fannie & Freddie's Big Profit Business Week - 10:01PM Credit Suisse Sued by Financial Guaranty Over Mortgages Today's Comments MBS Live Chat - 2:59PM "REPRICE : 2:59 PM - USBank Better..." MBS Live Chat - 2:58PM "WF 2nd..." MBS Live Chat - 2:58PM "REPRICE : 2:58 PM - Wells Fargo Better..." MBS Live Chat - 2:22PM "this will be the 13th session since January 25th that's hit 103-16 to 103-19 range and we've only closed above on one of those occasions. I'm not sure I'd limit it to one specific price level, but certainly an inflectional area for MBS prices (as the 00's and 16's tend to be...)..." MBS Live Chat - 2:13PM "REPRICE : 2:13 PM - Fifth Third Mortgage Better..." MBS Live Chat - 2:19PM "MG, if my memory serves me correctly 103-16 was important last time we were at these levels. Still the case?..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% -0.03 15 Yr FRM 2.88% -0.03 FHA 30 Year Fixed 3.28% -0.02 Jumbo 30 Year Fixed 3.68% -0.02 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 3.76% 0.43 -0.03 15 Yr. Fixed 2.99% 0.36 -0.03 30 Yr. Jumbo 3.85% 0.37 -0.05 30 Yr. FHA 3.48% 0.38 -0.03 5/1 ARM 2.60% 0.32 +0.02 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 3.0 103.48 +0.28 30YR FNMA 3.5 105.86 +0.19 30YR GNMA 3.0 104.81 +0.23 30YR GNMA 3.5 107.89 +0.23 15YR FNMA 3.0 105.38 +0.11 15YR FNMA 2.5 104.05 +0.16 Treasuries Yield Change 2 YR 0.2303% -0.0118 5 YR 0.7276% -0.0448 10 YR 1.8158% -0.0466 30 YR 3.0568% -0.0431 Prices as of: 4/3/2013 4:31PM 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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