Daily Newsletter: 1 in 6 Housing Markets Back to Pre-Recession Levels; Rates Continue Higher; GSEs Ignored Faulty Appraisals

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30 Year Fixed 4.38%   +0.05 15 Year Fixed 3.41%   +0.04 10YR Treasury 2.70%   +0.0347 FNMA 30YR 3.5 101.22   -0.14 FNMA 15YR 2.5 103.16   -0.05 View Today's Rates

Thursday February 6, 2014 MND NewsWire - 1:04PM 1 in 6 Housing Markets Back to Pre-Recession Levels "Housing markets across the nation are continuing their slow and steady climb back to normal levels," National Association of Home Builders (NAHB) Chairman Rick Judson said today. Judson ... Mortgage Rate Watch - 3:39PM Mortgage Rates Continue Higher Ahead of Important Jobs Data Mortgage rates were higher for a third straight day , substantially weakening a recent run to the lowest levels in nearly 3 months that ended on Monday. Each of the past 3 days hasn ... Pipeline Press - 10:55AM E-Signatures Advance; Something Smells Fishy in the Primary & Secondary Markets Sometimes I just want to head out of the country and head to some place like Key West or San Francisco. Seriously, how many Americans have a passport, and does it vary by state? The ... MND NewsWire - 11:38AM OIG Finds GSEs Ignored Warnings about Appraisal Deficiencies A residential appraisal report on property offered as collateral for a mortgage loan, including its condition, neighborhood, market, and value is generally considered to be critical ... MBS MID-DAY: Pulled into Weaker Territory by Europe and Equities More on EPO; Divining Industry Trends from Bank Earnings, Radian Results, & Green Tree's Broker Biz Exit Refinance Applications Slightly Improved, Offset by Drop in Purchase Apps Latest Video Bond expert: What jobs report will mean for rates Perfect storm for fixed income: Pro No whisper number from traders on January jobs More News from 'Around the Web' WSJ - 5:04PM What to Watch for in January's Jobs Report freddiemac.mwnewsroom.com - 5:03PM Freddie Mac Prices First STACR Credit Risk Sharing Transaction of 2014 Market Watch - 5:03PM Real-estate investing amid new mortgage rules WSJ - 2:03PM Hilsenrath's Take: Listen to the Fed – and Watch Rate Futures CNBC - 1:13PM Don't blame tech for high home prices Bloomberg - 1:12PM Ocwen Deal for Wells Fargo Mortgage Rights Said Halted by Lawsky - Bloomberg Federal Reserve - 1:11PM 2014-12: How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates CNBC - 12:27PM Don't blame tech industry for high housing prices blog.redfin.com - 11:01AM On Love and Real Estate: 5 Ways To Lose Your Mate WSJ - 10:58AM Homes Cost Less in Tech Hubs That Build NAHB - 10:26AM NAHB: Leading Markets Index Edges Higher in February as More Markets Recover freddiemac.mwnewsroom.com - 10:25AM Freddie Mac: Fixed Mortgage Rates Continue Down OCC - 10:12AM Comptroller of the Currency Testifies on the Implementation of the Dodd-Frank Act Reuters - 8:58AM Citi to pay $110 million in a lawsuit over force-placed insurance Market Watch - 8:57AM Treasurys fall after jobless claims, trade data CNBC - 8:56AM January job cuts total 45,107, up 47% from December: Challenger Gray Today's Comments MBS Live Chat - 1:46PM "what is the lowest fico scores for MI these days?..." MBS Live Chat - 1:53PM "CR: dont hold me to this but in the past I found that Radian would give me rates with scores down to 620..." MBS Live Chat - 2:09PM "permanent fha mi is only for ltv>90..." MBS Live Chat - 2:12PM "JC: is correct at 85% the benefit will be lower mi and no upfront. You dont have to worry about mi for life of the loan...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.38% +0.05 15 Yr FRM 3.41% +0.04 FHA 30 Year Fixed 4.00% +0.25 Jumbo 30 Year Fixed 4.28% +0.03 5/1 Yr ARM 3.24% +0.02 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 4.47% 0.25 -0.05 15 Yr. Fixed 3.53% 0.28 -0.06 30 Yr. Jumbo 4.42% 0.11 -0.05 30 Yr. FHA 4.12% 0.15 -0.06 5/1 ARM 3.15% 0.41 -0.10 Freddie Mac ** 30 Yr. Fixed 4.23% 0.70 -0.09 15 Yr. Fixed 3.33% 0.70 -0.07 1 Yr. ARM 2.51% 0.50 -0.04 5/1 Yr. ARM 3.08% 0.50 -0.04 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 96.88 -0.22 30YR FNMA 3.5 101.22 -0.14 30YR GNMA 3.0 98.66 -0.17 30YR GNMA 3.5 102.58 -0.06 15YR FNMA 3.0 103.16 -0.05 15YR FNMA 2.5 100.30 -0.05 Treasuries Yield Change 2 YR 0.3274% +0.0117 5 YR 1.5212% +0.0294 10 YR 2.7040% +0.0347 30 YR 3.6717% +0.0231 Prices as of: 2/6/2014 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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