Daily Newsletter: Mortgage Rates Highest in a Month; Massive Affordability Gaps Between Metro Areas; Specific Affordability Challenges for Some Borrowers

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30 Year Fixed 4.47%   +0.04 15 Year Fixed 3.48%   +0.04 10YR Treasury 2.75%   +0.0216 FNMA 30YR 3.5 100.56   -0.16 FNMA 15YR 2.5 102.89   -0.11 View Today's Rates

Thursday February 20, 2014 Mortgage Rate Watch - 2:47PM Mortgage Rates Highest in a Month; Best Friend Abducted by Bad Weather Mortgage rates continued higher today after it became clear that markets were discounting weak economic data due to weather. In that sense, mortgage rates' are missing their best friend ... MND NewsWire - 12:32PM Massive Gaps between Most/Least Affordable Areas Despite Unchanged Average About two-thirds of the homes sold during the fourth quarter of 2013 are considered " affordable " according to the National Association of Home Builders (NAHB)/Wells Fargo Housing ... MND NewsWire - 12:25PM Explaining The Affordability Struggle for First-Time-Home-Buyers In the latest edition of CoreLogic's Market Pulse the company's senior economist Mark Fleming provides a different take on housing affordability which he says economists are predicting ... Pipeline Press - 9:57AM Lender & Title Company Partnerships; Millennial Loans; Merger Mania; One State's Mortgage Tax Snafu If your lock desk was really busy last week, you're bucking the trend. The MBA's survey of 75% of retail lenders showed that apps were off 4.1% with purchases leading the way (-6.3 ... Foreclosure Measures at Multi-Year Lows; Some States Still Increasing MBS MID-DAY: Bond Markets Weaker Despite Soft Econ Data Latest Video February Philly Fed -6.3 Santelli: What's making interest rates move Enough evidence for Fed to taper the taper? More News from 'Around the Web' www.cfpbmonitor.com - 4:09PM CFPB sends warning to mortgage servicers Washington Post - 4:09PM The 20 Zip codes where it is cheaper to buy than rent Bloomberg - 4:08PM Ocwen Said to Raise Less Than Expected in Servicing-Note Sale - Bloomberg The Huffington Post - 1:54PM Honeywell CEO David Cote Tapped For NY Fed Director Role Washington Post - 1:53PM BREAKING: White House budget to boost spending by $56 billion, drop Boehner 'grand bargain' Market Watch - 1:52PM Treasurys hold losses after 30-year TIPS auction CNBC - 1:49PM Private equity's Wild West play WSJ - 11:48AM Vital Signs: Housing Inflation Starts to Rise Market Watch - 11:48AM Yellen to testify Feb. 27 to Senate panel WSJ - 10:55AM Another 'Subprime' Adventure? Behind Wells Fargo's Move To Ease Mortgage Lending CNBC - 10:52AM Cost of owning a home is spiking in 2014 NAHB - 10:52AM Housing Affordability Holds Steady in Fourth Quarter www.philadelphiafed.org - 10:52AM Severe Winter Weather Contributes to Weak Business Activity freddiemac.mwnewsroom.com - 10:51AM Fixed Mortgage Rates Tick Up Market Watch - 10:00AM U.S. stocks rise at the open, helped by flash PMI Reuters - 9:20AM Factory activity growth hits nearly four-year high in February: Markit Bloomberg - 8:34AM Jobless Claims in U.S. Decreased Last Week as Firings Abated Today's Comments MBS Live Chat - 10:59AM "I just received a client communication from my primary lender that says this: Per RESPA regulations, attorney's fees charged to review or prepare loan documents for the lender are considered part of the charge for origination services; therefore, must be listed in Block 1 of the GFE under origination..." MBS Live Chat - 11:01AM "They may be trying to build in all of the APR fees into 1 box, incl atty. But I don't see how that will match up with final HUD. The closing atty will want to put it in their title / atty section..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.47% +0.04 15 Yr FRM 3.48% +0.04 FHA 30 Year Fixed 4.25% +0.25 Jumbo 30 Year Fixed 4.34% +0.03 5/1 Yr ARM 3.24% -0.01 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 4.50% 0.26 +0.05 15 Yr. Fixed 3.55% 0.33 +0.06 30 Yr. Jumbo 4.45% 0.11 +0.05 30 Yr. FHA 4.16% 0.14 +0.03 5/1 ARM 3.20% 0.38 +0.09 Freddie Mac ** 30 Yr. Fixed 4.33% 0.70 +0.05 15 Yr. Fixed 3.35% 0.70 +0.02 1 Yr. ARM 2.57% 0.30 +0.02 5/1 Yr. ARM 3.08% 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 96.33 -0.14 30YR FNMA 3.5 100.56 -0.16 30YR GNMA 3.0 98.25 -0.19 30YR GNMA 3.5 102.05 -0.13 15YR FNMA 3.0 102.89 -0.11 15YR FNMA 2.5 99.83 -0.17 Treasuries Yield Change 2 YR 0.3225% +0.0040 5 YR 1.5428% +0.0313 10 YR 2.7536% +0.0216 30 YR 3.7241% +0.0211 Prices as of: 2/20/2014 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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