Daily Newsletter: Half those Eligible have not Refinanced; QE's Affect on Rates; CFPB Changes HMDA Collection; Rates a Bit Lower After Jobs Report

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30 Year Fixed 4.34%   -0.04 15 Year Fixed 3.38%   -0.03 10YR Treasury 2.68%   -0.0202 FNMA 30YR 3.5 101.52   +0.30 FNMA 15YR 2.5 103.41   +0.25 View Today's Rates

Friday February 7, 2014 MND NewsWire - 11:54AM Half those Eligible have not Refinanced; Fannie Mae asks "Why?" Nearly half of the homeowners who could refinance their homes have not done so despite the prolonged availability of record low mortgage interest rates. Fannie Mae's Economic & ... MND NewsWire - 12:21PM Yes, Quantitative Easing Helps Mortgage Rates, but There's a Catch Two Federal Reserve System economists have looked at the recent quantitative easing programs of the Federal Reserve to determine whether a central bank's monetary policy could retain ... MND NewsWire - 1:18PM CFPB Changes HMDA Data Collection The Consumer Financial Protection Bureau (CFPB) has announced it will take the initial step to improve data collected under the Home Mortgage Disclosure Act ( HMDA ) by convening a ... Mortgage Rate Watch - 3:10PM Mortgage Rates Only Slightly Lower After Weak Employment Data Mortgage rates were finally lower today, but the drop was modest given that it was the product of a weak jobs report--typically a bigger market mover. Additionally, when viewed against ... Bank Merger Mania; CFPB on Using HMDA Data, Exam Procedures; Wells - Ocwen Servicing Deal Iced 1 in 6 Housing Markets Back to Pre-Recession Levels Latest Video Cashin says this could tempt Fed to taper The Week Ahead: Yellen goes to Congress Santelli: Markets believe there is a weather issue More News from 'Around the Web' Reuters - 4:26PM U.S. consumer credit posts biggest jump in 10 months CNBC - 4:26PM Lew: Treasury likely to run out of funds Feb. 27 WSJ - 2:52PM 5 Takeaways From the January Employment Report DataQuick - 2:52PM December Las Vegas Home Sale Press Release Washington Post - 1:23PM The architect of credit default swaps will no longer be advising the CFTC National Housing Conference - 11:56AM Housing Stretches the Budgets of Lower Income Households CNBC - 11:56AM Jobless rate forces Yellen's hand blog.redfin.com - 11:15AM Which Bidding War Strategies Are The Most Effective? CFPB - 11:15AM New tools to explore mortgage data WSJ - 10:15AM Economists React: For Economy 'Winter From Hell' CNBC - 10:11AM Not only weather to blame for 'weird' jobs report Realtor.Org - 9:01AM NAR: Rent-to-Buy? Try ‘Vacation-to-Buy' CNBC - 8:56AM Fed's Fisher: Taper course on track CNBC - 8:15AM Fund investors drop stocks for bonds CNBC - 8:11AM Greenspan is really worried about this CNBC - 8:10AM Crucial jobs report in focus for Wall Street Today's Comments MND NewsWire - 2:11PM "keep it going!!..." MND NewsWire - 7:42PM "Hold on. It says 1 in 6 has recovered. If my math is correct that means 16% has recovered not 85% recovery. thats a .16 batting average NOT .85. Am I missing something?..." MBS Live Chat - 12:35PM "Ya, remarkably symmetrical pattern since 10. MG, you have a name or comment for that pattern right? Trading is purely mechanical or something like that?..." MBS Live Chat - 12:36PM "yeah, whatever gets that point across. Stable, mechanical, rote, boring, noncommittal, soporific, ZZZzzz......" MBS Live Chat - 12:42PM "Right. Time for the PM upswing. And I just learned what soporific meant...." MBS Live Chat - 12:45PM "Another great benefit of MBS live. Amazing what we learn on here...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.34% -0.04 15 Yr FRM 3.38% -0.03 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.25% -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 4.47% 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 97.17 +0.30 30YR FNMA 3.5 101.52 +0.30 30YR GNMA 3.0 98.97 +0.31 30YR GNMA 3.5 102.80 +0.22 15YR FNMA 3.0 103.41 +0.25 15YR FNMA 2.5 100.52 +0.22 Treasuries Yield Change 2 YR 0.3074% -0.0200 5 YR 1.4705% -0.0507 10 YR 2.6838% -0.0202 30 YR 3.6743% +0.0026 Prices as of: 2/7/2014 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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