Daily Newsletter: Biggest Quarterly Drop in Underwater Homes since Peak; Less Financially Secure Borrowers More Likely to Choose ARMs; Rates Super Flat Ahead of Jobs Data

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30 Year Fixed 4.62%   +0.00 15 Year Fixed 3.64%   +0.00 10YR Treasury 2.96%   -0.0297 FNMA 30YR 3.5 99.64   +0.13 FNMA 15YR 2.5 102.05   +0.02 View Today's Rates

Thursday January 9, 2014 MND NewsWire - 10:15AM Biggest Quarterly Drop in Underwater Homes since Peak Rising home prices are returning more and more homes to a positive equity position and RealtyTrac said today that about 31 percent of the homes currently in the process of foreclosure ... MND NewsWire - 3:04PM Less Financially Secure Borrowers More Likely to Choose Adjustable Mortgages Three staff member of the Federal Reserve Bank of San Francisco have published, on the Bank's website, results of a study about what drives the mortgage choices of borrowers. The three ... Mortgage Rate Watch - 4:26PM Mortgage Rates Extremely Flat Ahead of Important Jobs Data Mortgage rates were sharply unchanged today with the few better-priced lenders offset by a few others in worse shape compared to yesterday. The balancing act was only perfectly achieved ... MND NewsWire - 1:56PM Wells and Others Gear up For Non-QM Lending With new rules defining Qualified Mortgages (QM) slated to kick in on Friday at least two lenders have indicated they will make room for loans that don't quite fit the government mandated ... MBS RECAP: Stronger After 30yr Auction; Still Nothing Compared to Tomorrow CFPB Separates Fact from Fiction on New Mortgage Rules Many Borrowers Saving 0.375% as FHFA Officially Delays Fee Hikes Latest Video Don't get cute trying to time market: Pro Liesman: Better jobs indicators Institutional investors buy foreclosures More News from 'Around the Web' WSJ - 4:06PM Big Banks Didn't Expect Fed to Taper in December Reuters - 4:04PM Bernanke gives upbeat assessment of economy to U.S. senators www.cfpbmonitor.com - 2:20PM Richard Cordray visits the Daily Show? DataQuick - 1:44PM November Portland Home Sale Press Release Market Watch - 1:42PM Fed's George: December taper was 'modest step' Bloomberg - 1:41PM Treasuries Rise After 30-Year Bond Auction Bids Exceed Average - Bloomberg Market Watch - 12:02PM Borrowers getting a better handle on debt, data show www.collateralvision.com - 11:40AM January is the Month of New Beginnings, Part 1 Reuters - 11:37AM Analysis: Housing experts warn of hiccups as new U.S. mortgage rules go live freddiemac.mwnewsroom.com - 10:38AM Freddie Mac: Mortgage Rates Stay Largely Unchanged www.mersinc.org - 10:38AM New York Court Rules MERS has Authority to Assign Mortgage to Lender CNN - 9:33AM Far fewer mortgage borrowers 'deeply underwater' S&P/Case Shiller - 9:32AM Fewer Home Mortgages Deeply Submerged www.gallup.com - 9:14AM U.S. Payroll to Population Rate Falls to 42.9% in December Reuters - 9:14AM Yellen hopeful for 3 percent GDP growth in 2014: Time magazine Today's Comments MND NewsWire - 2:48PM "This is great news to share with your realtor partners!..." MBS Live Chat - 2:06PM "does USDA follw the same guidelines on collections that FHA does? Have a borrower with medical collections? Borrower has about $900 in medical collections..." MBS Live Chat - 2:11PM "Brian....page 14. It's up to the underwriter if they will require pay off: http://www.rurdev.usda.gov/SupportDocuments/MN-SFH-DocumentationMatrix.pdf..." MBS Live Chat - 12:36PM "stonegate is now printing the LO name and NMLSR on these docs..." MBS Live Chat - 12:37PM "The loan documents that must contain the name and NMLSR ID are the Mortgage Application (1003), Note, and Mortgage / Deed of Trust...." MBS Live Chat - 12:42PM "hmmm...Steve Liesman (CNBC) thinks the 10YR at 3% has already priced in a strong NFP tmrw. I strongly disagree...." MBS Live Chat - 1:30PM "RTRS- GEORGE: 'I REMAIN CONCERNED' ABOUT POTENTIAL COSTS OF QE3, EXTENDED PERIOD OF NEAR-ZERO RATES..." MBS Live Chat - 1:32PM "file photo of George: http://mndne.ws/1aKqMiE..." MBS Live Chat - 1:33PM "(because she's a super "hawkish" member of the FOMC. no? tough crowd)..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.62% +0.00 15 Yr FRM 3.64% +0.00 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.55% +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 3.62% 1.06 +0.18 30 Yr. Fixed 4.49% 1.21 +0.22 MBA ** 30 Yr. Fixed 4.72% 0.28 +0.00 15 Yr. Fixed 3.77% 0.34 +0.04 30 Yr. Jumbo 4.66% 0.12 +0.00 30 Yr. FHA 4.36% 0.15 +0.01 5/1 ARM 3.33% 0.44 +0.02 Freddie Mac ** 30 Yr. Fixed 4.51% 0.70 -0.02 15 Yr. Fixed 3.56% 0.60 +0.01 1 Yr. ARM 2.56% 0.50 +0.00 5/1 Yr. ARM 3.15% 0.40 +0.10 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 95.14 +0.11 30YR FNMA 3.5 99.64 +0.13 30YR GNMA 3.0 96.81 +0.11 30YR GNMA 3.5 101.20 +0.22 15YR FNMA 3.0 102.05 +0.02 15YR FNMA 2.5 98.92 +0.08 Treasuries Yield Change 2 YR 0.4292% +0.0002 5 YR 1.7454% -0.0214 10 YR 2.9615% -0.0297 30 YR 3.8723% -0.0235 Prices as of: 1/9/2014 4:32PM 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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