Daily Newsletter: Housing Recovery Has Ways to go; Remodeling Strong into 2014; Rates Stay in Lower Range; Foreclosures: Some States Still Increasing

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30 Year Fixed 4.50%   -0.03 15 Year Fixed 3.50%   -0.03 10YR Treasury 2.84%   -0.0480 FNMA 30YR 3.5 100.44   +0.42 FNMA 15YR 2.5 102.50   +0.22 View Today's Rates

Thursday January 16, 2014 MND NewsWire - 3:14PM Are We There Yet? Freddie Mac Says Recovery Has Ways to Go The housing market turned the corner in 2012 Freddie Mac's economists said today, and the recovery was fully underway in 2013. But despite the positive trends in home price indexes ... MND NewsWire - 12:44PM Home Remodeling Spending will be Strong into 2014 The strong growth in the home remodeling market which began in the second quarter of 2013 will continue through the first half of 2014 according to LIRA, the Leading Indicator of Remodeling ... Mortgage Rate Watch - 3:58PM Mortgage Rates Fall Modestly, Staying in New Lower Range. Mortgage rates moved lower today preserving the pocket of recovery that formed on the heels of last week's Employment Situation report. Every day so far this week has offered the lowest ... MND NewsWire - 9:23AM Foreclosures at 5 year Low in 2013, but Some States Still Increasing Is it finally over? With foreclosure filings throughout 2013 reported by RealtyTrac to be at the lowest annual level since 2007 , one might begin to hope the housing crisis has ended ... LO Comp Discrepancies Continue; CFPB "Fact vs Fiction" on ATR; Lender Purchased by Bank Upbeat California Sellers See Prices Rising Further, Plan to Buy Again MBA Purchase Application Data Suggests Lower New Home Sales California Sales Higher in December, Lower Year-Over-Year Latest Video Home builder confidence slips to 56 Bernanke: Paulson did what had to be done Initial jobless claims 326,000; CPI up 0.3% in December More News from 'Around the Web' www.cfpbmonitor.com - 4:55PM CFPB settles RESPA referral fee charges against mortgage lender based on rent payments Google News - 4:51PM Realtors® Rate Exterior Replacement Projects Among Most Valuable Home Improvements WSJ - 2:44PM Fed's Williams Questions Whether QE Should Remain in Toolkit www.gallup.com - 2:44PM Americans' Satisfaction With Economy Sours Most Since 2001 Reuters - 2:43PM Housing crash hit minority communities hardest, study shows Fannie Mae - 2:41PM News Release - Fannie Mae Multifamily Issues $28.5 Billion of ... WSJ - 2:40PM Economists Give Bernanke a B for Final Grade, Expect QE3 to End This Year Bloomberg - 2:40PM Wells Fargo Plans $1.5 Billion Bond Offering; Credit Swaps Rise - Bloomberg CNBC - 12:21PM Bernanke cracks wise: The best QE joke ever! freddiemac.mwnewsroom.com - 12:20PM Taking the Temperature of the Market blog.redfin.com - 10:50AM Dwindling Inventory Drove Atypical December Price Growth freddiemac.mwnewsroom.com - 10:28AM Freddie Mac: Fixed Mortgage Rates Move Lower on Economic Data OCC - 10:28AM OCC Proposes Formal Guidelines for Its Heightened Expectations for Large Banks freddiemac.mwnewsroom.com - 10:28AM Freddie Mac Multifamily Research Highlights Borrower Default Behavior CNBC - 10:27AM Builder sentiment falls slightly in January CNBC - 10:27AM Volcker rule changes bring relief to small banks investors.flagstar.com - 9:09AM Flagstar Announces Organizational Restructuring to Reduce Costs and Enhance Profitability Today's Comments Mortgage Rate Watch - 5:00PM "This is great info to share with your database!..." MBS Live Chat - 10:03AM "victor - i'm seeing 4, UNLESS extenuating..." MBS Live Chat - 10:05AM "Fannie is 2 years 80% LTV..." MBS Live Chat - 10:05AM "Freddie is 4 years..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.50% -0.03 15 Yr FRM 3.50% -0.03 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.38% -0.02 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 4.41% 0.70 -0.10 15 Yr. Fixed 3.45% 0.70 -0.11 1 Yr. ARM 2.56% 0.50 +0.00 5/1 Yr. ARM 3.10% 0.50 -0.05 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 96.00 +0.44 30YR FNMA 3.5 100.44 +0.42 30YR GNMA 3.0 97.56 +0.41 30YR GNMA 3.5 101.89 +0.44 15YR FNMA 3.0 102.50 +0.22 15YR FNMA 2.5 99.48 +0.28 Treasuries Yield Change 2 YR 0.3866% -0.0079 5 YR 1.6401% -0.0347 10 YR 2.8414% -0.0480 30 YR 3.7726% -0.0469 Prices as of: 1/16/2014 4:30PM 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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