Daily Newsletter: Rates Rise After FOMC; Northeast Sees Surge in Housing Starts; Mortgage Applications Cool-Off; Nervous Sellers in California

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30 Year Fixed 4.43%   +0.02 15 Year Fixed 3.44%   +0.02 10YR Treasury 2.73%   +0.0233 FNMA 30YR 3.5 100.72   -0.17 FNMA 15YR 2.5 103.00   -0.09 View Today's Rates

Wednesday February 19, 2014 Mortgage Rate Watch - 5:22PM Mortgage Rates Back up to Last Week's Levels After FOMC Mortgage rates began the day moderately lower compared to yesterday's latest levels, but the improvements didn't last . Bond markets including MBS (the 'mortgage-backed-securities' ... MND NewsWire - 10:47AM Northeast Region Sees Surge in Housing Starts Numbers for both housing permits and housing starts were much lower in January than in December while housing completions were up. The Northeast region of the country saw a huge spurt ... MND NewsWire - 8:31AM Mortgage Volume down as Rate Rally Cools Interest rates increased definitively last week and mortgage application volumes fell according to data released today by the Mortgage Bankers Association (MBA). The Market Composite ... MND NewsWire - 3:33PM Nervous Sellers Constraining Inventories in California Sales of existing homes in California were essentially flat in January the California Association of Realtors® (C.A.R.) said on Wednesday. While inventories loosened a bit from ... Stevens: Give National Servicing Standards a Chance to Work MBS RECAP: Much Weaker After FOMC Minutes; Moderate Move in the Big Picture Economics & MBS pricing; Dallas Fed Study of Bank Capital & Leverage Significant Refinance Potential May Help Mortgage Market in 2014 More REO Incentives, This Time $1500 for Realtors Latest Video Fed minutes: Taper talk dominates Pulte's list of housing headwinds Housing starts & permits down More News from 'Around the Web' CNBC - 4:02PM Spring thaw may not help housing market WSJ - 4:01PM The Key Passages in the Fed's Minutes CNBC - 3:29PM Spring thaw may not heat up this housing market Bloomberg - 2:41PM Fed's Lockhart Say U.S. Housing Market Outlook Remains Bright - Bloomberg CNBC - 2:38PM Fed weighed taper, jobless rate changes at meeting S&P/Case Shiller - 1:52PM Signs of Softness in Housing CNBC - 1:50PM Fed's Lockhart: QE will die this year CNBC - 1:49PM 'Hurdle pretty high' on QE taper: Fed's Williams National Housing Conference - 1:49PM Housing affordability improves, but many working households are still struggling Bloomberg - 12:39PM Rents Used to Pay Leased-Home Bonds Fall 7.6%, Morningstar Says - Bloomberg Bloomberg - 12:37PM BofA $8.5 Billion Mortgage-Bond Settlement Delay Bid Rejected - Bloomberg WSJ - 12:37PM Fed's Bullard Sees Steady Taper CNBC - 10:59AM Cashin: Why 'the Fed is flying blind' CNN - 10:59AM Priceline for landlords may determine your next rent Bloomberg - 10:02AM Waning Mortgage Refinancings Make New Deals Safer, Moody's Says - Bloomberg CNBC - 9:06AM Housing stops: Home building plunges in deep freeze Reuters - 9:06AM Producer prices edge up in January www.aia.org - 9:03AM Slight Rebound for Architecture Billings Index NY Fed - 9:03AM February 2014 Business Leaders Survey indicates activity in the region's service sector declined dealbook.nytimes.com - 8:06AM Loan Complaints by Homeowners Rise Once More Today's Comments MBS Live Chat - 2:00PM "RTRS- FED MINUTES SHOW SEVERAL OFFICIALS WANTED 'CLEAR PRESUMPTION' IN FAVOR OF $10-BLN CUTS TO BOND BUYING AT EACH POLICY MEETING..." MBS Live Chat - 2:00PM "RTRS- A FEW PARTICIPANTS RAISED POSSIBILITY OF RATE RISE RELATIVELY SOON -MINUTES..." MBS Live Chat - 2:02PM "a rate rise relatively soon?..." MBS Live Chat - 2:06PM "Rate hikes would have a bigger impact to the overall economy than ending QE, right? Corporatons wouldn't be too keen on that...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% +0.02 15 Yr FRM 3.44% +0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.31% +0.02 5/1 Yr ARM 3.25% +0.00 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 96.47 -0.17 30YR FNMA 3.5 100.72 -0.17 30YR GNMA 3.0 98.44 -0.16 30YR GNMA 3.5 102.17 -0.16 15YR FNMA 3.0 103.00 -0.09 15YR FNMA 2.5 100.00 -0.11 Treasuries Yield Change 2 YR 0.3185% +0.0160 5 YR 1.5115% +0.0313 10 YR 2.7320% +0.0233 30 YR 3.7030% +0.0270 Prices as of: 2/19/2014 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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