Daily Newsletter: Rates Back to 6-Week Lows; Low Hiring in Construction a New Normal?; December Housing Starts Lag

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30 Year Fixed 4.47%   -0.03 15 Year Fixed 3.49%   -0.01 10YR Treasury 2.82%   -0.0238 FNMA 30YR 3.5 100.63   +0.19 FNMA 15YR 2.5 102.64   +0.14 View Today's Rates

Friday January 17, 2014 Mortgage Rate Watch - 5:44PM Mortgage Rates Edge Back Down to 6-Week Lows Mortgage rates moved lower for the second day in a row, bringing them back to the same 6-week lows seen on Monday, on average. Some lenders were in slightly better or worse shape compared ... MND NewsWire - 12:35PM CoreLogic asks if Poor Construction Hiring is New Normal Data presented by CoreLogic in its new edition of MarketPulse raises an interesting question about employment in the construction sector . Is the slow pace of hiring the result of a ... MND NewsWire - 10:26AM December Construction Numbers Lag; November Figures Upgraded All three Census Bureau/Department of Housing and Urban Development (HUD) measures of residential construction activity, housing permits, starts, and completions, were down in December ... Pipeline Press - 10:42AM Freddie's QC Goals; Jumbo Investor Chatter; Lender Updates; Where is Fannie & Freddie's Business Coming From? "The check's in the mail!" Hah! The Fed reports the number of checks paid has declined from close to $50B in the 1990s to about $20B. With tax rates being what they are, and many chafing ... MBS RECAP: Very Quiet and Moderately Positive Ahead of 3-Day Weekend Are We There Yet? Freddie Mac Says Recovery Has Ways to Go Upbeat California Sellers See Prices Rising Further, Plan to Buy Again Home Remodeling Spending will be Strong into 2014 Latest Video Home pricing trends for 2014 Inside a $20 million penthouse suite Pulte CEO: Time to invest in home building More News from 'Around the Web' WSJ - 5:10PM Housing-Starts Forecast for 2014: Past Is not Prologue www.aei-ideas.org - 3:45PM Just how big an upward revision to that December job report? business.time.com - 3:45PM Canada Has Its Own Housing Bubble—And It's About to Burst CNBC - 2:06PM Are we building too many houses? Market Watch - 1:08PM How banks court rich customers Reuters - 12:10PM Wells, U.S. Bancorp to stop making contentious short-term loans WSJ - 10:50AM Vital Signs: Housing Still Has More to Give CNBC - 10:48AM Tale of two consumers continues Market Watch - 9:53AM SunTrust Banks earnings rise 20% on lower expenses NMHC - 9:51AM Apartment Markets Soften Slightly According to NMHC Survey WSJ - 8:58AM New Lenders for Real-Estate Investors NAFCU - 8:40AM CFPB fines firm for mortgage kickbacks CNBC - 8:39AM US housing starts pause for breath in December CNBC - 8:33AM Morgan Stanley posts earnings of 50 cents a share vs. 45 cents estimate Today's Comments MBS Live Chat - 12:34PM "Did you guys see the "QM and ATR fact vs fiction" letter? It basically says that it's a myth that the new rules will restrict credit for borrowers because QM is "voluntary" and lenders can choose not to write only QM. If you ask me, QM is about as "voluntary" as paying the mob for protection money....." MBS Live Chat - 12:37PM "That's funny Justin.....This morning on Fox there was a guy that was talking about the new rules that came into effect. He said that the new rules won't allow SISA or NINA loans anymore......new rule???..." MBS Live Chat - 1:16PM "We're dragging along the bottom of a few technical levels for TSY and MBS so my advice to my clients currently is to lock..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.47% -0.03 15 Yr FRM 3.49% -0.01 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.35% -0.03 5/1 Yr ARM 3.24% -0.01 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 4.66% 0.33 -0.06 15 Yr. Fixed 3.72% 0.37 -0.05 30 Yr. Jumbo 4.58% 0.24 -0.08 30 Yr. FHA 4.29% 0.17 -0.07 5/1 ARM 3.28% 0.47 -0.05 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 96.27 +0.27 30YR FNMA 3.5 100.63 +0.19 30YR GNMA 3.0 97.80 +0.23 30YR GNMA 3.5 102.06 +0.17 15YR FNMA 3.0 102.64 +0.14 15YR FNMA 2.5 99.64 +0.16 Treasuries Yield Change 2 YR 0.3753% -0.0113 5 YR 1.6254% -0.0147 10 YR 2.8176% -0.0238 30 YR 3.7506% -0.0220 Prices as of: 1/17/2014 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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