Daily Newsletter: Mortgage Rates Surge Lower; Housing Not so Bad; Best Month for MBS in 2 Years

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30 Year Fixed 4.34%   -0.07 15 Year Fixed 3.37%   -0.07 10YR Treasury 2.65%   -0.0473 FNMA 30YR 3.5 101.56   +0.31 FNMA 15YR 2.5 103.25   +0.19 View Today's Rates

Friday January 31, 2014 Mortgage Rate Watch - 4:16PM Mortgage Rates End Month Triumphantly Lower Mortgage rates moved forcefully lower today, bringing them well past previous 2014 lows and back in line with levels not seen since November 19th. Overnight weakness in equities and ... MND NewsWire - 12:51PM Housing Might Not be Looking so bad After All "The familiar saying that housing brings the economy out of recessions did not hold true this time around," according to David Crowe, Chief Economist for the National Association of ... MBS Commentary - 4:17PM MBS RECAP: Steady at Higher Prices to end Best Month in 2 Years Although we have just under an hour of trading left in the day, if MBS were to end right at current levels, January would be the strongest month of gains in over 2 years, beating out ... Pipeline Press - 10:23AM More on Appraisals; Provident's Broker Comp Info; Can Small Banks Continue Doing Home Loans? As a reminder, since I am still being asked about it, along with a number announcements and policy amendments taking effect on the 1 st of January, the CFPB has increased two important ... BofA One Step Closer to Swallowing $8.5 bln Countrywide Pill Home Equity Loans Mark Exception to Easing Credit Standards Pending Sales Slide 7th Straight Month; Lowest in 2+ Years Latest Video The Santelli Exchange: The notion of a 'correction' $8.5 billion BofA settlement stands Ben Bernanke leaves the office today More News from 'Around the Web' Bloomberg - 4:56PM Freddie Mac Said to Plan $1 Billion of Risk-Sharing Securities - Bloomberg CNBC - 4:56PM And now, batting cleanup, Ben S. Bernanke S&P/Case Shiller - 3:36PM Housing and Bonds: Déjà vu All Over Again CNBC - 3:34PM Is the debt-limit battle really over? Bloomberg - 3:32PM Fed's Williams Says Emerging Markets Don't Change U.S. Outlook - Bloomberg WSJ - 1:43PM Rental Housing Grows More Scarce, Driving Rents Up Reuters - 1:39PM Yellen to deliver second day of testimony on February 13 Bloomberg - 1:38PM BofA's $8.5 Billion Mortgage Bond Accord Approved by Judge - Bloomberg CNBC - 1:15PM Seattle beats Denver...in housing and energy WSJ - 11:23AM Fed's George: Still Worried by Long-Term Risk of Current Fed Policy CNBC - 10:32AM US consumer sentiment dips in January Bloomberg - 10:30AM Mortgage Bonds Poised for Biggest Gains Since 2008 in Reversal - Bloomberg CNBC - 10:27AM Chicago PMI shows prices rising as jobs ebb Market Watch - 9:28AM Treasurys set for best month since 2012 after data Reuters - 9:27AM U.S. consumer spending rises in December, income flat Bloomberg - 8:02AM Bernanke Secret Sauce Drops Effective Fed Rate as QE Quantified - Bloomberg Bloomberg - 8:01AM Wall Street Bonds Draw Scrutiny Where Subprime Spread: Mortgages - Bloomberg Bloomberg - 8:00AM Fannie Mae Fix Fades as Senate Democrats Split on Plans - Bloomberg CNBC - 7:47AM US bonds boosted by 'safe-haven' bid Today's Comments MBS Live Chat - 12:53PM "except it is a excellent day to lock..." MBS Live Chat - 12:54PM "i agree victor - i've locked one and will lock 1-2 more..." MBS Live Chat - 12:55PM "i vote for locking what you have for new loans today...." MBS Live Chat - 1:22PM "FHA experts, can a 2nd FHA appraisal be used to dispute the value of an appraisal that is already logged?..." MBS Live Chat - 1:30PM "No. Can only have one active FHA appraisal at a time...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.34% -0.07 15 Yr FRM 3.37% -0.07 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.25% -0.06 5/1 Yr ARM 3.21% -0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.52% 0.40 -0.05 15 Yr. Fixed 3.59% 0.26 -0.09 30 Yr. Jumbo 4.47% 0.27 -0.10 30 Yr. FHA 4.18% 0.33 -0.06 5/1 ARM 3.25% 0.33 +0.02 Freddie Mac ** 30 Yr. Fixed 4.32% 0.70 -0.07 15 Yr. Fixed 3.40% 0.60 -0.04 1 Yr. ARM 2.55% 0.40 +0.01 5/1 Yr. ARM 3.12% 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 97.36 +0.39 30YR FNMA 3.5 101.56 +0.31 30YR GNMA 3.0 99.13 +0.41 30YR GNMA 3.5 102.94 +0.30 15YR FNMA 3.0 103.25 +0.19 15YR FNMA 2.5 100.39 +0.23 Treasuries Yield Change 2 YR 0.3317% -0.0158 5 YR 1.4918% -0.0214 10 YR 2.6476% -0.0473 30 YR 3.6011% -0.0322 Prices as of: 1/31/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Home Equity Loans Mark Exception to Easing Credit Standards; Pending Home Sales Plummet; Rates Inch Higher; CFPB Targets PHH

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30 Year Fixed 4.41%   +0.01 15 Year Fixed 3.44%   +0.01 10YR Treasury 2.69%   +0.0127 FNMA 30YR 3.5 101.23   +0.06 FNMA 15YR 2.5 103.06   +0.03 View Today's Rates

Thursday January 30, 2014 MND NewsWire - 12:17PM Home Equity Loans Mark Exception to Easing Credit Standards More banks are easing their underwriting standards as they adapt to changing economic conditions and competition the Office of Comptroller of the Currency (OCC) said today as it released ... MND NewsWire - 10:53AM Pending Sales Slide 7th Straight Month; Lowest in 2+ Years Abnormal weather was partially blamed by the National Association of Realtors® (NAR) for a substantial drop in its December Pending Home Sales Index (PHSI). The index, released ... Mortgage Rate Watch - 3:04PM Mortgage Rates Steady to Slightly Higher Mortgage rates inched higher today after hitting the lowest levels of the year yesterday. Trading in the secondary mortgage markets was far calmer by comparison as yesterday's FOMC ... Pipeline Press - 10:02AM CFPB Goes After PHH; Thoughts & Surveys on Current Builder & Lender Environment - Good & Bad News The industry is changing. The first half of 2013 is a distant, fond memory for residential lenders. Subprime, non-prime - what's the diff? Business Week reports on it . And the lender ... MBS MID-DAY: Moderate Weakness After Data, but Holding Ground TARP-Related Convictions Double in 2 Years Industry Leaders React Positively to Obama's Brief Mention of Housing Higher Rates Should Lead to ARM Resurgence Freddie Mac Says Latest Video Home sales plunge, outlook not good Santelli Exchange: Housing, cars & commodities Best 2nd-half growth in 10 years More News from 'Around the Web' WSJ - 3:47PM Charts: Putting U.S. Economic Growth in Perspective Google News - 3:41PM The State of the Union is Getting Better for Homeownership NAHB - 3:40PM NAHB Applauds Passage of Senate Flood Insurance Bill US GAO - 3:27PM GAO-14-179, Homeowners Insurance: Multiple Challenges Make Expanding Private Coverage Difficult, January 30, 2014 WSJ - 1:54PM How Were Fed Forecasts? Too High, Too Low and Just Right WSJ - 1:53PM 5 Takeaways From the GDP Report WSJ - 1:53PM Central Station: No Bottom in Sight For Emerging Markets DataQuick - 1:53PM 2013 California Million Dollar Plus Home Sales Press Release economix.blogs.nytimes.com - 12:40PM Economix Blog: Why the Homeownership Rate Is Misleading National Housing Conference - 12:33PM DC Housing Authority programs assist new homebuyers Market Watch - 10:59AM Bond Report: Treasurys weaken ahead of $64 billion in auctions blog.redfin.com - 10:15AM Home-Selling Speed Declines in December, But Signs Point to Faster Spring Ahead WSJ - 10:14AM Economists React: Fourth Quarter GDP 'Pretty Impressive' Google News - 10:10AM NAR: December Pending Home Sales Fall 8.7% freddiemac.mwnewsroom.com - 10:09AM Freddie Mac: Fixed Mortgage Rates Move Lower Again OCC - 10:09AM OCC Survey Shows Banks' Underwriting Standards Continuing to Ease The Huffington Post - 9:15AM Foreclosure Industry Says It'll Do A Better Job Of Screening Its Workers After Widespread Break-Ins The Huffington Post - 9:15AM Rule Changes Tighten Reverse Mortgage Eligibility Reuters - 9:12AM U.S. seeks $2.1 billion from Bank of America in fraud case Today's Comments MBS Live Chat - 10:00AM "RTRS- U.S. DEC PENDING HOME SALES -8.8 PCT FROM DEC 2012..." MBS Live Chat - 10:00AM "" Pending home sales measurably dropped in December, with abnormal weather partly inhibiting home shopping in much of the U.S., according to the National Association of Realtors"..." MBS Live Chat - 12:54PM "7yr Auction coming up at 1pm. 6 out of the last 6 have come in at or above the 1pm 'when-issued' yield (basically the 'expected yield'). Bid to cover has ranged from 2.36 to 2.66 over that time for an average of 2.49. If this is confusing, and you want to know more, this page can be useful. http://mndne..." MBS Live Chat - 1:01PM "RTRS- U.S. SELLS $29 BLN 7-YEAR NOTES AT HIGH YIELD 2.190 PCT, AWARDS 91.30 PCT OF BIDS AT HIGH..." MBS Live Chat - 1:02PM "A-..." MBS Live Chat - 1:02PM "and a green 'pop'..." MBS Live Chat - 1:59PM "Anyone aware of a lender that will allow for a Non-Occupant co-borrower on a Jumbo? I have a client who wants to buy new residence before selling current, doesn't want to be in a rush searching for $1M home, but can't qualify alone when carrying both mortgages. Unlikely, but thought I'd ask...." MBS Live Chat - 2:05PM "Brent, Union Bank was the last non-retail outlet I knew that would do this, and they just changed on 1/9 (I snuck one in right before that). No go from Wells, USB and Chase. On the retail side, First Republic may be on option, and they are in Oregon. Be aware of their prepays...." MBS Live Chat - 2:12PM "i and 100% certain that USB will do blended on their conforming program with Non-occ coborrower. but haven't read the jumbo guides. its a great program in a college town......" Today's Rates Best Execution Rate Change 30 Yr FRM 4.41% +0.01 15 Yr FRM 3.44% +0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.31% +0.00 5/1 Yr ARM 3.25% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.52% 0.40 -0.05 15 Yr. Fixed 3.59% 0.26 -0.09 30 Yr. Jumbo 4.47% 0.27 -0.10 30 Yr. FHA 4.18% 0.33 -0.06 5/1 ARM 3.25% 0.33 +0.02 Freddie Mac ** 30 Yr. Fixed 4.32% 0.70 -0.07 15 Yr. Fixed 3.40% 0.60 -0.04 1 Yr. ARM 2.55% 0.40 +0.01 5/1 Yr. ARM 3.12% 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 96.94 +0.09 30YR FNMA 3.5 101.23 +0.06 30YR GNMA 3.0 98.70 +0.13 30YR GNMA 3.5 102.63 +0.06 15YR FNMA 3.0 103.06 +0.03 15YR FNMA 2.5 100.16 +0.05 Treasuries Yield Change 2 YR 0.3475% -0.0079 5 YR 1.5132% +0.0116 10 YR 2.6931% +0.0127 30 YR 3.6333% +0.0119 Prices as of: 1/30/2014 4:13PM 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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