Daily Newsletter: Rates Hit New 2014 Lows; Foreclosure/Short-Sale Deficiency Could Count in 2014; Perfect Storm Hurts California Sales in Dec

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30 Year Fixed 4.43%   -0.04 15 Year Fixed 3.45%   -0.04 10YR Treasury 2.72%   -0.0549 FNMA 30YR 3.5 101.14   +0.48 FNMA 15YR 2.5 102.94   +0.30 View Today's Rates

Friday January 24, 2014 Mortgage Rate Watch - 3:09PM Mortgage Rates Push Well Into New 2014 Lows Mortgage rates continued a strong move lower today, benefiting from a global sell-off in risk-related assets. What's a risk-related asset? In this case, it's a catch-all term for investments ... MND NewsWire - 12:46PM Official Argues Against Short-Sale/Foreclosure Deficiency Counting as Income in 2014 In a speech given recently to a housing industry group Michael Stegman assistant Treasury Secretary for Housing Finance Policy made a plea for renewal of the Mortgage Forgiveness Debt ... MBS Commentary - 12:05PM MBS MID-DAY: Risk-Off Rally Leads MBS Even Higher The only fashionable topic of conversation in financial markets at the moment is the global flight-to-safety. There are various root causes for this, depending on who you ask, but China ... MND NewsWire - 12:18PM "Perfect Storm" Kept California Buyers Home in December Pending home sales in California plummeted in December, falling 25.2 percent because of what the California Association of Realtors® (C.A.R.) called "a perfect storm" of circumstances ... Servicing Transfers on Fire; Banks Will Pay for Target Fiasco; HARP 3.0 Hopes Dim but Rates Improving Existing Home Sales dip Further into One-Year Lows Distressed, Institutional Sales Increased in 2013 Treasury Official Throws Cold Water on Fannie/Freddie Optimism, HARP Extension Latest Video Subprime markets priced to perfection, not perfect: Pro How much blame does China deserve? Will the Fed 'un-taper'? More News from 'Around the Web' WSJ - 4:19PM 5 Things to Watch on the Economic Calendar–January 24 S&P/Case Shiller - 4:18PM Housing Questions and the Economy Market Watch - 2:50PM Bond Report: Treasurys rally as investors shed risk CNBC - 12:51PM Finally! The stock market gets a reality check CNBC - 12:51PM Cashin: Could selloff cause Fed to slow taper? The Huffington Post - 10:38AM These 10 U.S. Cities Will Be Even LESS Affordable In 2014, Study Finds (PHOTOS) Market Watch - 10:33AM The Week in Charts: Rebounding U.S. housing market faces headwinds CNBC - 10:31AM No bank too big to indict, US attorney general says Reuters - 9:53AM Rout in emerging markets may only be in Phase One freddiemac.mwnewsroom.com - 9:40AM Freddie Mac Issues Monthly Volume Summary for December 2013 CNBC - 9:40AM US stocks start in retreat as emerging-market currencies fall hard Reuters - 8:45AM Online lender settles New York lawsuit amid crackdown on massive 'payday' loans Bloomberg - 8:43AM Gundlach Counting Rotting Homes Makes Subprime Bear: Mortgages - Bloomberg WSJ - 8:41AM Central Station: Global Selloff Sweeps Emerging Markets Bloomberg - 8:41AM Rental-Home Bond Issues May Reach $20 Billion-a-Year, Stark Says - Bloomberg Today's Comments MBS Live Chat - 12:30PM "i am leaning toward locking as well..." MBS Live Chat - 12:42PM "these types of crises tend to play out over time do they not? the risk to not locking is some sort of positve resolution or news over the weekend, which doesnt seem probable. VIX still is not that high, seems like more downside to equity markets... you might lose some on monday, but next week will be..." MBS Live Chat - 12:46PM "IMO fomc is going to take a back seat..." MBS Live Chat - 12:47PM "they are not going to increase, cant imagine that happening, so assuming the market is perfect, 10bn already priced in, if anything there is upside?..." MBS Live Chat - 2:14PM "Stock market still getting smoked. Stock lever seems to have disengaged a bit for now. Guess we'll see how the afternoon goes...." MBS Live Chat - 3:23PM "Next week will be interesting - a lot going on..." MBS Live Chat - 3:07PM "Wonder how much a pronounced stock selloff could impact Fed tapering sentiment next week?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% -0.04 15 Yr FRM 3.45% -0.04 FHA 30 Year Fixed 4.12% -0.13 Jumbo 30 Year Fixed 4.34% -0.01 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 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.57% 0.18 -0.09 15 Yr. Fixed 3.68% 0.29 -0.04 30 Yr. Jumbo 4.57% 0.18 -0.01 30 Yr. FHA 4.24% 0.23 -0.05 5/1 ARM 3.23% 0.37 -0.05 Freddie Mac ** 30 Yr. Fixed 4.39% 0.70 -0.02 15 Yr. Fixed 3.44% 0.70 -0.01 1 Yr. ARM 2.54% 0.50 -0.02 5/1 Yr. ARM 3.15% 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 96.92 +0.56 30YR FNMA 3.5 101.14 +0.48 30YR GNMA 3.0 98.59 +0.55 30YR GNMA 3.5 102.55 +0.50 15YR FNMA 3.0 102.94 +0.30 15YR FNMA 2.5 100.02 +0.36 Treasuries Yield Change 2 YR 0.3437% -0.0158 5 YR 1.5528% -0.0430 10 YR 2.7223% -0.0549 30 YR 3.6376% -0.0428 Prices as of: 1/24/2014 4:27PM 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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