Daily Newsletter: Fannie Offers Foreclosure Buying Incentives; Mortgage Rates Recover; Foreclosure Filings Still Spiking; New Home Purchase Apps Surge

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30 Year Fixed 4.38%   -0.04 15 Year Fixed 3.40%   -0.03 10YR Treasury 2.73%   -0.0288 FNMA 30YR 3.5 100.94   +0.41 FNMA 15YR 2.5 103.02   +0.22 View Today's Rates

Thursday February 13, 2014 MND NewsWire - 1:48PM Fannie Offers REO Incentives to Owner Occupants Starting tomorrow Fannie Mae will offer some homebuyers a special incentive to purchase through its HomePath program which the company uses to market foreclosed properties. There are ... Mortgage Rate Watch - 3:37PM Mortgage Rates Recover After Retail Sales Data Mortgage rates fell moderately following this morning's weaker-than-expected report on Retail Sales. There were several other considerations that helped rates catch a break today, but ... MND NewsWire - 10:56AM Foreclosure Filings still Spiking in Many States Foreclosure activity increased in January with filings up 8 percent from December on a nationwide basis. RealtyTrac reported today there was a total of 124,419 foreclosure filings of ... MND NewsWire - 10:26AM New Home Purchase Applications Surged in New Year The January spurt in applications for new home purchases does not surprise Mike Fratantoni, chief economists for the Mortgage Bankers Association. Fratantoni said that, while the 35 ... Market for Servicing is Spooked, Which Could Hit Mortgage Pricing; PHH Mortgage up for Sale? MBS MID-DAY: Cautious Improvement After Weaker Data Latest Video Housing slowdown: Was it the weather? Awful weather costs US $50 billion Santelli: 'Curve steepening' going on More News from 'Around the Web' Bloomberg - 4:00PM Bank of America Said to Cut 450 More Mortgage Jobs - Bloomberg www.gallup.com - 4:00PM U.S. Small-Business Owners' Optimism Up Sharply www.aei-ideas.org - 3:11PM And the real US unemployment rate is WSJ - 2:29PM Gap Between Most, Least Expensive Housing Markets Still Wide CNBC - 2:27PM Blackstone exec says no bubble in US real estate DataQuick - 1:37PM January Bay Area Home Sales Press Release blog.redfin.com - 12:29PM 2014 Housing Market Off to Sluggish Start Reuters - 11:59AM U.S. growth to accelerate later in year, Fed taper plans unshaken: Poll Reuters - 11:58AM Lehman settles with Freddie Mac over $1.2 billion claim CNBC - 11:57AM Beyond 'frozenomics': What's hurting housing Fannie Mae - 11:55AM News Release - Fannie Mae Announces Homebuyer ... Reuters - 9:14AM Retail sales drop unexpectedly in January Reuters - 9:14AM Jobless claims rise in latest week CNBC - 9:14AM US foreclosures at record lows Market Watch - 9:14AM Treasurys extend climb after weak data WSJ - 8:34AM Fannie-Freddie Fate Rests in Courts Reuters - 8:30AM Futures slip ahead of retail sales, claims data Today's Comments MBS Live Chat - 12:26PM "I guess what my soapbox is aimed at proclaiming is that in my opinion, I don't believe the consumer is really in any better of a position today when it comes to understanding and being led properly and honestly in their transaction then they were 5 years ago before the crash. All of these policies and..." MBS Live Chat - 12:26PM "Due to the NMLS and licensing, there may be a few less liars and cheaters but that's about it...." MBS Live Chat - 12:27PM "well put..." MBS Live Chat - 12:27PM ""We're the gov't and we're here to help you."..." MBS Live Chat - 12:28PM "The only thing the changes have really done outside of driving up costs for the consumers is too make it harder for the good guys to earn a living and stay in business...." MBS Live Chat - 12:35PM "never underestimate te power and scope of the CFPB. thats what I tell realtors. if you're in the loop of homeownership, you are not bulletproof. they get my drift. look at what'shappening on the title ins side..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.38% -0.04 15 Yr FRM 3.40% -0.03 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.30% -0.03 5/1 Yr ARM 3.22% -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 4.45% 0.34 -0.02 15 Yr. Fixed 3.49% 0.25 -0.04 30 Yr. Jumbo 4.40% 0.14 -0.02 30 Yr. FHA 4.13% 0.10 +0.01 5/1 ARM 3.11% 0.31 -0.04 Freddie Mac ** 30 Yr. Fixed 4.28% 0.70 +0.05 15 Yr. Fixed 3.33% 0.70 +0.00 1 Yr. ARM 2.55% 0.40 +0.04 5/1 Yr. ARM 3.05% 0.50 -0.03 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 96.64 +0.48 30YR FNMA 3.5 100.94 +0.41 30YR GNMA 3.0 98.42 +0.31 30YR GNMA 3.5 102.41 +0.45 15YR FNMA 3.0 103.02 +0.22 15YR FNMA 2.5 100.06 +0.23 Treasuries Yield Change 2 YR 0.3150% -0.0280 5 YR 1.5032% -0.0624 10 YR 2.7338% -0.0288 30 YR 3.6829% -0.0389 Prices as of: 2/13/2014 4:28PM 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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