Daily Newsletter: Rates Back to Late November Levels; Common Short Sale Myths Dispelled; What Does Jobs Report Mean For Bonds?

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30 Year Fixed 4.47%   -0.05 15 Year Fixed 3.50%   -0.03 10YR Treasury 2.83%   -0.0313 FNMA 30YR 3.5 100.63   +0.41 FNMA 15YR 2.5 102.77   +0.28 View Today's Rates

Monday January 13, 2014 Mortgage Rate Watch - 3:32PM Mortgage Rates Back to Late November Levels Mortgage rates continued lower at a fairly brisk pace today, extending the already impressive drop that followed Friday's employment data. By Friday afternoon, the longstanding 4.625 ... MND NewsWire - 1:43PM Common Short Sale Myths Dispelled Thanks to key changes in the program, completing a short sale through Freddie Mac is taking less time than ever before. The company's Senior Vice President Tracy Mooney, writing in ... MBS Commentary - 6:48AM MBS Day Ahead: What does Friday's Jobs Report Mean for Bonds? Things have been less than great for bond markets since May of 2013 when sentiment in the Fixed-Income sector seemed to turn on a dime. In reality, the Fed had begun talking about tapering ... MND NewsWire - 10:58AM Housing Scorecard: Nearly 6 Million Fewer Underwater as Prices Hit 2005 Levels Rising home prices are continuing to drive down the number of homeowners who are underwater according to the December Housing Scorecard published by the Departments of Treasury and ... A Wholesaler Exits, A Correspondent Enters; Home Ownership Counseling Fannie Mae, CFPB in Sync on Servicer Rules Less Financially Secure Borrowers More Likely to Choose Adjustable Mortgages MBS MID-DAY: Best Levels of the Day and Technical Resistance Latest Video Debate It: Wells Fargo vs. JPMorgan Cashin says: Fed not full speed ahead America's Fed expectations More News from 'Around the Web' business.time.com - 4:44PM Stocks Have Their Worst Day in Two Months www.aei-ideas.org - 4:43PM The case against the housing bubble www.theatlantic.com - 3:17PM Low Participation Rate isn't so Mysterious Bloomberg - 3:11PM US Posts Record December Budget Surplus on Fannie Mae Payments - Bloomberg Reuters - 3:11PM Jobless drop forces Fed's hand on forward guidance: Lockhart www.frbsf.org - 1:51PM Housing, Banking, and the Recovery: The Outlook CNBC - 1:03PM The most important financial crisis chart ever Reuters - 12:32PM Americans see stable inflation over the year: new Fed survey www.cfpbmonitor.com - 12:25PM CFPB revises three mortgage publications www.cfpbmonitor.com - 12:24PM House Financial Services Committee to hold hearing on QM rule Fannie Mae - 12:15PM Fannie Mae: Housing's Contribution to GDP Expected to Improve from 2013 CNBC - 10:18AM Krugman: 'Baseball bat' austerity is over Washington Post - 10:17AM Wonkblog: Stanley Fischer saved Israel from the Great Recession. Now Janet Yellen wants him to help save the U.S. www.freddiemac.com - 8:55AM Short Sales: Dispelling the Myths Market Watch - 8:54AM 5 ways the jumbo mortgage market will change in 2014 CNBC - 8:53AM US bonds await earnings for hints on economy CNBC - 8:53AM New Fed is a 'dream team': El-Erian Today's Comments MBS Commentary - 7:17AM "Always nice to have a longer term, broader vision. As LOs we look at the day to day and month to month. Good job putting this into perspective, Matt...." MBS Live Chat - 11:10AM "Ira, most of our lenders won't count the first 1.75% of up front MI... so only really an issue when going 95% LTV..." MBS Live Chat - 11:24AM "I would be careful. Check the investor guidelines for how they are counting MI. Especially if you count it one way puts you over & the other way doesn't. And my understanding was that Wells wasn't allowing UGI's borrower-paid single premium refundable MI......" MBS Live Chat - 12:10PM "even though the gfees/llpas may eventually come and rates will probably continue the trend upward, it's nice to get a little reprieve..." MBS Live Chat - 1:06PM "Wells Fargo, like many lenders. State that for a discount point to be Bona Fide: A discount point is "bona fide" if it reduces the consumer's interest rate by an amount that reflects "established industry practices" How would you determine what "Established Industry Practices" are?..." MBS Live Chat - 2:00PM "for this and many, many other reasons, this site is invaluable...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.47% -0.05 15 Yr FRM 3.50% -0.03 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.35% -0.05 5/1 Yr ARM 3.24% -0.03 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 96.28 +0.41 30YR FNMA 3.5 100.63 +0.41 30YR GNMA 3.0 97.84 +0.31 30YR GNMA 3.5 102.06 +0.27 15YR FNMA 3.0 102.77 +0.28 15YR FNMA 2.5 99.70 +0.33 Treasuries Yield Change 2 YR 0.3580% -0.0159 5 YR 1.5904% -0.0345 10 YR 2.8266% -0.0313 30 YR 3.7735% -0.0256 Prices as of: 1/13/2014 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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