Daily Newsletter: Mortgage Rates Spike; Modifications For All; Boomer Financing Secrets; Bubble in CA Already?

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30 Year Fixed 3.59%   +0.07 15 Year Fixed 2.79%   +0.04 10YR Treasury 1.90%   +0.0864 FNMA 30YR 3.5 105.56   -0.55 FNMA 15YR 2.5 105.17   -0.28 View Today's Rates

Friday May 10, 2013 Mortgage Rate Watch - 7:00PM Why Did Mortgage Rates Spike Quickly To One-Month Highs? Mortgage rates rocketed higher precipitously today, taking them to their highest levels since April 2nd. The move was all the more confounding as it happened on a day with no significant ... MND NewsWire - 2:28PM Rising Prices "Denting" Affordability in California; Significant Regional Variations The California Association of Realtors® (C.A.R.) said today that rising home prices in the state are putting a dent in housing affordability . Fifty-six percent of homebuyers earning ... MND NewsWire - 9:30PM Housing Scorecard: HAMP Continues Brisk Trial Modification Rate The Obama Administration's Monthly Housing Scorecard for April was released this afternoon by the Departments of Treasury and Housing and Urban Development. The scorecard contains a ... MND NewsWire - 3:53PM Underutilized Program a 'Potentially Big Deal' For Retirees One of the biggest challenges for retired borrowers is their ability to meet lenders’ income requirements. With 'stated-income' and 'no doc' loans disappearing following the housing ... CA Eminent Domain Update; More on Venture Capital's Impact on Housing; More State news; Fannie's Profit Independent Foreclosure Review Payments Amount to Comedy of Errors MBS RECAP: Boldly Going Right Back Where We Came From Fed's Duke Sees Challenges and Opportunities For Low Score Borrowers Latest Video Housing Recovery Fuels Land Rush Bernanke on Dodd-Frank vs. Too Big to Fail Own a Home, Out of a Job? More News from 'Around the Web' WSJ - 7:05PM Fed Maps Exit From Stimulus - Wall Street Journal Bloomberg - 12:12PM Gross Says Bull Market in Bonds Likely Ended April 29 - Bloomberg WSJ - 1:06PM Philly Fed Forecasters See Better Job Market OCC - 1:07PM Independent Foreclosure Review Payments Exceed $2 Billion www.freddiemac.com - 1:07PM Using Financial Assets to Qualify for a New Mortgage Reuters - 1:18PM U.S. will be able to keep borrowing into September: Lew Reuters - 2:39PM April budget surplus is biggest in five years Washington Post - 2:40PM Keynes was, incredibly, right about the future. He was wrong about how we'd be spending it. business.time.com - 2:43PM BlackRock's Fink: Put it All in Stocks Bloomberg - 4:07PM MBIA Raised to Investment Grade by S&P After Settling Lawsuits - Bloomberg The Basis Point - 4:17PM U.S. Mortgages Outstanding: CHARTS Bloomberg - 7:03PM Fed's George Sees 2% Growth as Housing Gain Counters Budget Cuts - Bloomberg Reuters - 7:04PM Wall Street Week Ahead: 'Sell in May and Go Away?' Not This Year Today's Comments MBS Live Chat - 12:23PM "REPRICE : 12:23 PM - USBank Worse..." MBS Live Chat - 12:19PM "REPRICE : 12:19 PM - Freedom Mortgage Worse..." MBS Live Chat - 12:19PM "REPRICE : 12:19 PM - Chase Worse..." MBS Live Chat - 12:17PM "REPRICE : 12:17 PM - Caliber Funding Worse..." MBS Live Chat - 12:15PM "worse by 70 bps since yesterday last rate sheet..." MBS Live Chat - 12:15PM "REPRICE : 12:15 PM - Fifth Third Mortgage Worse..." MBS Live Chat - 12:04PM "REPRICE : 12:04 PM - Plaza Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.59% +0.07 15 Yr FRM 2.79% +0.04 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.69% +0.05 5/1 Yr ARM 2.99% +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 3.42% 0.70 +0.07 15 Yr. Fixed 2.61% 0.70 +0.05 1 Yr. ARM 2.53% 0.40 -0.03 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 3.0 103.13 -0.73 30YR FNMA 3.5 105.56 -0.55 30YR GNMA 3.0 104.84 -0.83 30YR GNMA 3.5 107.72 -0.58 15YR FNMA 3.0 105.17 -0.28 15YR FNMA 2.5 103.83 -0.45 Treasuries Yield Change 2 YR 0.2407% +0.0164 5 YR 0.8165% +0.0680 10 YR 1.8982% +0.0864 30 YR 3.0959% +0.1009 Prices as of: 5/10/2013 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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