Daily Newsletter: Mortgage Rate Rally Continues Cooling; Mortgage Applications Little-Changed; Bank Earnings' Comment on Trends

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30 Year Fixed 4.33%   +0.02 15 Year Fixed 3.37%   +0.02 10YR Treasury 2.67%   +0.0435 FNMA 30YR 3.5 101.36   -0.33 FNMA 15YR 2.5 103.20   -0.08 View Today's Rates

Wednesday February 5, 2014 Mortgage Rate Watch - 5:17PM Mortgage Rate Rally Continues Cooling Ahead of Important Data Mortgage rates were higher again today, further pulling back from a recent run to the lowest levels in nearly 3 months. Like yesterday, today's rise wasn't severe and borrowers wishing ... MND NewsWire - 8:46AM Refinance Applications Slightly Improved, Offset by Drop in Purchase Apps The volume of mortgage applications remained largely unchanged during the week ended January 31. The Mortgage Bankers Association's (MBA) Market Composite Index, a measure of the mortgage ... Pipeline Press - 10:28AM More on EPO; Divining Industry Trends from Bank Earnings, Radian Results, & Green Tree's Broker Biz Exit The CFPB is expected to spend a lot of time in 2014 on the closing process , and it has a round of public comments due February 7. It was put out early last month, and has only 17 questions ... MBS Commentary - 12:47PM MBS MID-DAY: Bonds Start Strong, Lose Ground as Stocks Hold Theirs It's important to note that a majority of today's movement has arrived BETWEEN the two big instances of economic data as opposed to immediately in their wake. It's equally important ... Builders with 'Green Experience' Fared Better During Recession Refinances Seen Falling to 38 Percent Market Share in 2014 Home Prices at Boom Levels in 2013 Latest Video Liesman: Expectations for Friday's jobs MBA: Purchase apps down Fed's Lockhart: $10 billion taper is 'default mode' More News from 'Around the Web' NAHB - 5:34PM Do Green Homes Really Deliver? New Study Tells All Bloomberg - 4:39PM Freddie Mac Said to Offer Higher Payout on Risk-Sharing Bonds - Bloomberg Reuters - 4:39PM A hawk pushes against majority at Fed on trimming stimulus CNBC - 3:15PM Fed's Lockhart: Stocks in correction mode; Market may have gotten ahead of itself NAHB - 3:15PM Industry Experts See Continued Improvement Going Forward in the 55+ Housing Market House Financial Services - 2:01PM Hensarling: Wall Street and Washington Must Be Held Accountable NAHB - 2:00PM Demand for Multifamily Housing will Continue to Rise in 2014 and Beyond WSJ - 1:58PM Mortgage Rates Hit Three-Month Low Federal Reserve - 1:58PM 2014-11: The Interest Rate Elasticity of Mortgage Demand: Evidence From Bunching at the Conforming Loan Limit National Housing Conference - 11:41AM The Foreclosure Crisis Is Not Yet Over for U.S. Metros www.cfpbmonitor.com - 11:41AM Update on disparate impact lawsuit against HUD Market Watch - 10:59AM Judge throws BofA's $8.5 bln deal back in limbo CNBC - 10:58AM LA's priciest real estate? Not where you'd think Bloomberg - 10:58AM Genworth to Radian Lead Mortgage Insurer Rally - Bloomberg American Bankers Assoc. - 9:46AM ABA Real Estate Conference Addresses CFPB Rules, Business Challenges CNBC - 9:45AM Bonds beating stocks in 2014...so far CNBC - 9:45AM US stocks fluctuate at the start ahead of data on service sector Market Watch - 8:28AM Treasurys rise after ADP payrolls report CNBC - 8:27AM Chart of the Day: Cheaper to buy a bigger house CNBC - 8:27AM Mortgage applications stall despite sliding rates Today's Comments MBS Commentary - 7:28AM "You nailed it...." MBS Live Chat - 1:25PM "RTRS - FED'S LOCKHART SAYS REASONABLE TO EXPECT TAPERING TO CONTINUE AT CURRENT PACE, WITH ASSET PURCHASES WOUND DOWN BY Q4..." MBS Live Chat - 2:48PM "20 yr and 10 yr got worse by 70 to 100 bps...any thoughts??..." MBS Live Chat - 2:50PM "Yes, they've all gotten worse by that much...Dont know why though..." MBS Live Chat - 3:01PM "Hey Matthew, were you able to find out anything on the 20 year fixed and 10 year fixed? I've been researching, but havent found anything..." MBS Live Chat - 3:03PM "not at first glance..." MBS Live Chat - 3:05PM "But when we're talking about these smaller-run issuances, given the size and the composition of MBS investors, these things can easily be a matter of one or two bigger players changing things up or simply being snowed in at home...." MBS Live Chat - 3:07PM "It's not the same sort of a market as, say, Treasury futures where if a couple hundred thousand contracts don't get bought, someone (or something) else won't step in and pick up the slack...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.33% +0.02 15 Yr FRM 3.37% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.25% +0.03 5/1 Yr ARM 3.22% +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 4.47% 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 4.32% 0.70 -0.07 15 Yr. Fixed 3.40% 0.60 -0.04 1 Yr. ARM 2.55% 0.40 +0.01 5/1 Yr. ARM 3.12% 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 97.09 -0.48 30YR FNMA 3.5 101.36 -0.33 30YR GNMA 3.0 98.83 -0.44 30YR GNMA 3.5 102.64 -0.33 15YR FNMA 3.0 103.20 -0.08 15YR FNMA 2.5 100.34 -0.13 Treasuries Yield Change 2 YR 0.3157% +0.0039 5 YR 1.4918% +0.0293 10 YR 2.6693% +0.0435 30 YR 3.6486% +0.0526 Prices as of: 2/5/2014 4:31PM 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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