Daily Newsletter: Housing Bubble Unlikely; Prices Soar in CA; Rates Fall Most in 6 Weeks

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30 Year Fixed 3.60%   -0.08 15 Year Fixed 2.80%   -0.04 10YR Treasury 1.88%   -0.0660 FNMA 30YR 3.5 105.52   +0.33 FNMA 15YR 2.5 105.16   +0.11 View Today's Rates

Thursday May 16, 2013 MND NewsWire - 1:15PM Housing Bubble Unlikely, Home Price Appreciation Should Slow - CoreLogic CoreLogic said today that home prices are projected to increase 3.9 percent on an annualized basis between the fourth quarter of 2012 and the same quarter in 2017. However, a new housing ... Mortgage Rate Watch - 4:15PM Mortgage Rates Move Convincingly Lower Mortgage rates moved lower at their fastest pace in 6 weeks today, erasing most of the losses seen so far this week. Not all lenders have adjusted pricing at the same pace, however ... MND NewsWire - 9:03AM California Home Prices Soaring on Falling Supply, Pent-up Demand The median price of homes in California topped $400,000 in April for the first time in five years. The California Association of Realtors® (C.A.R.) said the increases are fueled ... MND NewsWire - 8:59AM Builders Look to Fill Supply Void Left by Declining Foreclosures RealtyTrac has undertaken a new type of analysis, comparing building permit data from the Department of Housing and Urban Development (HUD) with foreclosure starts for the same time ... Housing Starts Fall 16.5 percent, Permits up Time to Buy Fannie/Freddie Stocks Yet? Mortgage Litigation Tally, Another LPS Settlement MBS RECAP: Purposeful Rally Helps Define Pre-FOMC Range Latest Video Yellen Seen as Next Fed Chairman in Investor Poll Plosser Says Fed Should Exit Mortgage-Backed Assets Miami Real Estate: It's Hot More News from 'Around the Web' Bloomberg - 3:46PM Williams Says Fed May Taper Bond Purchases As Early As Summer - Bloomberg WSJ - 3:02PM What Constitutes 'Shelter' in Inflation Measure? Market Watch - 9:14AM Fisher says MBS purchases should be dialed back Bloomberg - 8:29AM Plosser Says Fed Should Exit Mortgage-Backed Securities Market freddiemac.mwnewsroom.com - 2:04PM Freddie Mac: Where's the Juice? NAHB - 11:33AM NAHB Calls on Congress to Establish a Fair and Workable E-Verify System www.cfpbmonitor.com - 10:27AM Senate appears to be nearing vote on Cordray renomination Bloomberg - 2:39PM Three Fed Presidents Call to Phase Out Mortgage Bond Buys - Bloomberg Federal Reserve - 2:39PM Raskin, Prospects for a Stronger Recovery Reuters - 8:54AM April housing starts plummet from almost five-year high Google News - 2:37PM NAR: Forecast for Housing and the Economy Solidifying, Future Tax Treatment Important www.aei-ideas.org - 12:14PM Look at Japan. Look at the euro zone. And the GOP wants the Fed to be more like the ECB? CNBC - 10:30AM Fed's Plosser: Let the Tapering Begin Today's Comments MBS Live Chat - 11:47AM "REPRICE : 11:47 AM - Stonegate Mortgage Better..." MBS Live Chat - 12:17PM "REPRICE : 12:17 PM - Provident Funding Better..." MBS Live Chat - 12:20PM "REPRICE : 12:20 PM - PHH Better..." MBS Live Chat - 12:24PM "REPRICE : 12:24 PM - Suntrust Better..." MBS Live Chat - 12:32PM "REPRICE : 12:32 PM - Caliber Funding Better..." MBS Live Chat - 12:56PM "so it looks like the next big event for rates is the 10YR auction next week. Like to trade in trhis range until then...." MBS Live Chat - 12:58PM "Thinkin' FOMC Minutes is the thing CS, but I also think it stands a good chance to be anti-climactic...." MND NewsWire - 1:17PM "The whole process is a sham. We are being put through the same things that were being done through out the so called modification process. I received the money that they sent me and it also was not correct for my situation. The original payment format for payouts were changed to how they are doing the..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.60% -0.08 15 Yr FRM 2.80% -0.04 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.71% -0.06 5/1 Yr ARM 3.00% -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% 0.41 +0.08 15 Yr. Fixed 2.88% 0.31 +0.07 30 Yr. Jumbo 3.87% 0.25 +0.08 30 Yr. FHA 3.43% 0.16 +0.08 5/1 ARM 2.55% 0.23 +0.02 Freddie Mac ** 30 Yr. Fixed 3.51% 0.70 +0.09 15 Yr. Fixed 2.69% 0.70 +0.08 1 Yr. ARM 2.55% 0.40 +0.02 5/1 Yr. ARM 2.62% 0.50 +0.04 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 3.0 103.08 +0.45 30YR FNMA 3.5 105.52 +0.33 30YR GNMA 3.0 104.58 +0.50 30YR GNMA 3.5 107.58 +0.41 15YR FNMA 3.0 105.16 +0.11 15YR FNMA 2.5 103.73 +0.20 Treasuries Yield Change 2 YR 0.2333% -0.0079 5 YR 0.7845% -0.0485 10 YR 1.8792% -0.0660 30 YR 3.0968% -0.0684 Prices as of: 5/16/2013 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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