Daily Newsletter: Weather Continues to Hamper Home Sales; Rates End Winning Streak; Realtor Lawsuit

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30 Year Fixed 4.38%   +0.03 15 Year Fixed 3.40%   +0.01 10YR Treasury 2.66%   +0.0106 FNMA 30YR 3.5 101.36   -0.09 FNMA 15YR 2.5 103.52   -0.03 View Today's Rates

Friday February 28, 2014 MND NewsWire - 10:02AM Weather Continues to Hamper Home Sales Pending sales changed little from December to January the National Association of Realtors® (NAR) said today. That is not surprising as the bad weather NAR blamed for the lackluster ... Mortgage Rate Watch - 2:48PM Mortgage Rates Lose Some Ground After Stronger Data Mortgage rates rose slightly today ending a strong 3-day move lower. The weakness followed this morning's economic data, but the bond markets that indirectly influence rates were already ... Pipeline Press - 9:42AM Realtor Lawsuit; Ocwen in the Hotseat - Who is William Erby? Bank Mergers Continue, Shrinking Numbers It has been quite a week, visiting mortgage and banking folks in California, Kansas, and now Texas. There are a lot of good, experienced personnel out there, and a lot of optimists ... MBS Commentary - 12:41PM MBS MID-DAY: Weaker After Econ Data but Still in The Game Bond markets went into the locker room after this morning's econ data fairly discouraged, but not enough to give up. That was less obviously the case between 10 and 11am when MBS were ... Builder Confidence in Multifamily Market Slips even as Vacancies Decline Taxpayer Profit Surpasses $10 Billion on Freddie Mac Earnings Foreclosure Time Approaches 1000 Days, But There are Fewer of Them Wells Layoffs; Groups React to Tax Changes; Chatter About "Subprime" Loans is Misleading Latest Video Very bullish on housing: LaVorgna The Week Ahead: Jobs report out Friday Santelli: Traders watching markets & yield curves More News from 'Around the Web' WSJ - 1:49PM Last Year's Taper Tantrum May Have Been Taste of the Future, Paper Says WSJ - 1:48PM Fed's Evans Is Willing to Risk Higher Inflation to Boost Hiring Market Watch - 1:46PM Fed's Evans, Plosser clash over rate policy rules CNBC - 12:15PM Kocherlakota on instability concerns CNBC - 12:13PM Four million homeowners now 'above water' Market Watch - 12:12PM Fed's Stein: Bond funds can be risk to stability freddiemac.mwnewsroom.com - 12:11PM Freddie Mac Releases 2014 Multifamily Economic Outlook Market Watch - 10:00AM The Week in Charts: Housing survives winter, but buying plans drop Market Watch - 9:09AM Goldman faces fixed-income probe WSJ - 8:44AM A Second Act for Large Loans CNBC - 8:43AM US economy lost steam in fourth quarter Market Watch - 8:43AM Fed's Plosser: Still optimistic despite noisy data CNBC - 8:26AM Soft data unlikely to change outlook: Fed's Bullard NAFCU - 8:26AM CFPB presses consumer access to credit scores Today's Comments MND NewsWire - 10:34AM "It's the weather, really? When sales were up in the northeast and down in the west. Look at the drop in the index since rates started rising last summer. It's a pretty strong correlation...." MBS Live Chat - 12:13PM "next week's job forecasts are low...." MBS Live Chat - 12:32PM "Will traders adjust their buying/selling over the next week in anticipation of those expected numbers?..." MBS Live Chat - 12:34PM "not really. They already know about them. Bigger adjustment likely from "month-end" being over...." MBS Live Chat - 12:35PM "ISM on Monday and ADP on Wednesday also more likely to cause adjustment than forecasts...." MBS Live Chat - 2:57PM "had a customer tell me that "3.125% was all over the internet"..." MBS Live Chat - 2:59PM "yeah, and UFOS and Bigfoot are all over the internet too..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.38% +0.03 15 Yr FRM 3.40% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.24% +0.02 5/1 Yr ARM 3.23% +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 4.53% 0.31 +0.03 15 Yr. Fixed 3.56% 0.28 +0.01 30 Yr. Jumbo 4.47% 0.13 +0.02 30 Yr. FHA 4.17% 0.20 +0.01 5/1 ARM 3.17% 0.31 -0.03 Freddie Mac ** 30 Yr. Fixed 4.37% 0.70 +0.04 15 Yr. Fixed 3.39% 0.70 +0.04 1 Yr. ARM 2.52% 0.40 -0.05 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 97.13 -0.13 30YR FNMA 3.5 101.36 -0.09 30YR GNMA 3.0 99.09 -0.03 30YR GNMA 3.5 102.88 -0.06 15YR FNMA 3.0 103.52 -0.03 15YR FNMA 2.5 100.50 -0.08 Treasuries Yield Change 2 YR 0.3248% +0.0003 5 YR 1.5114% +0.0244 10 YR 2.6565% +0.0106 30 YR 3.5924% -0.0034 Prices as of: 2/28/2014 4:00PM 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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