Daily Newsletter: Mortgage Rates Hit 2013 Lows; D.R. Horton Earnings Surge; "Safe" MBS Rally Follows GDP

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30 Year Fixed 3.45%   -0.03 15 Year Fixed 2.76%   -0.03 10YR Treasury 1.67%   -0.0429 FNMA 30YR 3.5 106.50   +0.17 FNMA 15YR 2.5 105.59   +0.06 View Today's Rates

Friday April 26, 2013 Mortgage Rate Watch - 2:02PM Mortgage Rates Officially Hit New 2013 Lows Mortgage rates finally made a break from their recent flat and sideways pattern, moving officially to the best levels of 2013 by a small margin (this may vary slightly depending on ... MND NewsWire - 10:59AM Horton Reports Banner Earnings Citing Robust Demand and Favorable Pricing Fort Worth based homebuilder D. R. Horton reported financial results for its second quarter that dwarfed results from a year earlier. The company's net income for the quarter ended ... MBS Commentary - 4:38PM MBS RECAP: "Safe" Rally Following Weaker GDP MBS Live : MBS Afternoon Market Summary A week ago today, we began wondering what the current week could possibly offer bond markets in light of the fact that next week brought month ... Pipeline Press - 10:43AM Pricing on Redwood's Latest Deal; a Gaggle of Vendor, Investor, Agency, and Seminar Updates Flipping over to the non-agency sector, uh oh: is the demand for "private label," nongovernment-backed residential mortgage securities dropping, or is the supply increasing? Bloomberg ... Stability Council Urges Servicer Compensation Reform And Unified Standards MBS MID-DAY: First Indications of a "Lead-Off" From Sideways Range Latest Video The Week Ahead: April Jobs Report Santelli: Austerity Is Like Making a Cupcake Santelli: First Look at Q1 GDP More News from 'Around the Web' www.aei-ideas.org - 4:20PM Let's not repeat the same mistakes that led to the housing bubble www.usnews.com - 3:34PM Decoding the First-Time Homebuyer CNBC - 3:26PM The Great Rotation May Be Just a Grand Illusion www.aei-ideas.org - 1:46PM The Unpossible Chart: Is government spending really at an all-time low? OCC - 1:06PM Independent Foreclosure Review Payments Exceed $1 Billion WSJ - 12:54PM Are Seller's Appraisals and Inspections Overkill? Bloomberg - 11:14AM Low Inflation and Low Growth Mean the Fed Must Act - Bloomberg CNBC - 9:38AM Reinhart, Rogoff: We've Received Hate Mail WSJ - 9:34AM Five Takeaways From GDP Report Market Watch - 9:33AM Wells Fargo thunders to a buy among financials blog.hud.gov - 9:30AM Supporting Local Communities by Building Capacity and Cutting Red Tape WSJ - 1:46PM Real Estate News: The New Texas Land Rush CNBC - 1:45PM The Economy May Stink, but the Market Doesn't Care www.nytimes.com - 11:15AM Off the Charts: Wage Disparity Continues to Grow CNBC - 9:38AM Stocks Open Lower After Weak GDP Report Today's Comments MBS Live Chat - 2:20PM "REPRICE : 2:20 PM - Chase Better..." MBS Live Chat - 2:06PM "REPRICE : 2:06 PM - Flagstar Better..." MBS Live Chat - 1:40PM "switch covers have to be done per HUD - safety issue..." MBS Live Chat - 1:41PM "they have re-done those, but he won't come back out until he has a copy of the inspection report...." MBS Live Chat - 1:53PM "REPRICE : 1:53 PM - Wells Fargo Better..." MBS Live Chat - 1:54PM "that looks like wf's best rate sheet of the year by a small margin, depending on the rate/product...." MBS Live Chat - 1:55PM "I agree MG...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.45% -0.03 15 Yr FRM 2.76% -0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.56% -0.02 5/1 Yr ARM 2.97% -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 3.67% 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 3.40% 0.80 -0.01 15 Yr. Fixed 2.61% 0.70 -0.03 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.58% 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 3.0 104.53 +0.25 30YR FNMA 3.5 106.50 +0.17 30YR GNMA 3.0 106.23 +0.33 30YR GNMA 3.5 108.84 +0.17 15YR FNMA 3.0 105.59 +0.06 15YR FNMA 2.5 104.50 +0.16 Treasuries Yield Change 2 YR 0.2151% -0.0157 5 YR 0.6823% -0.0287 10 YR 1.6651% -0.0429 30 YR 2.8618% -0.0442 Prices as of: 4/26/2013 4:29PM 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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