Daily Newsletter: Mortgage Rates Near 2-Month Highs; New Housing Proposals Could Mean Tighter Credit; Proposed AMC Legislation

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30 Year Fixed 4.54%   +0.05 15 Year Fixed 3.53%   +0.02 10YR Treasury 2.72%   -0.0036 FNMA 30YR 3.5 100.64   +0.05 FNMA 15YR 2.5 102.73   +0.05 View Today's Rates

Monday March 31, 2014 Mortgage Rate Watch - 2:43PM Mortgage Rates Near Highest Levels in More Than 2 Months Mortgage rates continued higher today, as part of a 2 day move following 5 straight days of improvement. Nearly all of that improvement has been erased and rates are now in line with ... MND NewsWire - 3:48PM New Housing Proposals Will Only Make Credit Conditions Tighter - Report Dr. Kenneth Rosen, Chairman, Fisher Center for Real Estate and Urban Economics and Professor Emeritus, University of California, Berkley emerges as a bit of a contrarian in an article ... Pipeline Press - 9:26AM FBI Investigating Flood Maps; Jumbo Production Forecast Falls; Proposed AMC Legislation Before heading to Wisconsin for a few days, over the weekend I called The Bellagio to find out the betting lines on the PATH Act, Johnson-Crapo, Corker-Warner, and now Maxine Waters ... MBS Commentary - 8:00AM MBS Week Ahead: Serious Monotony Problem for Bond Markets; Time to Move on? For most of 2013, the mission was clear for bond markets. It mostly involved rapid selling and significant amounts of pain for any fans of low interest rates. After a brief correction ... MBS RECAP: Bond Markets Inch Back Toward Positive Territory After Volatile Morning A Look at Housing's One-Percenters Latest Video Yellen: Labor market slack shows still room for Fed help Bill Ackman increases bet on Freddie & Fannie Is Dodd-Frank hurting mid-sized banks? More News from 'Around the Web' WSJ - 5:27PM Financial Stability Board Warns Sharp Market Adjustments May Expose System Vulnerabilities www.justice.gov - 5:27PM Seven Indicted in Florida in Mortgage Scheme CNBC - 5:27PM Pimco's Bill Gross has company in bond misery CFPB - 3:34PM Compliance guide for TILA-RESPA Integrated Disclosure Rule available now www.aei-ideas.org - 2:32PM 'Large numbers of people will have to no choice but to invent their own jobs …' CNBC - 2:28PM Top Wall Street cop: Heads are going to roll Reuters - 1:40PM Wall Street groups pan U.S. SEC's asset-backed securities draft plan CNBC - 1:38PM ACA deadline spurs enrollment flood www.frbsf.org - 1:36PM Career Changes Decline during Recessions www.cfpbmonitor.com - 12:45PM Report says CFPB representatives will not appear at House hearing on alleged CFPB employee discrimination CNBC - 12:13PM Real estate's red-hot category: Apartments Reuters - 10:51AM Yellen strongly defends easy Fed policies, cites U.S. labor slack CNBC - 10:51AM US Midwest business activity falls CNBC - 10:50AM Ackman boosts his bets on Fannie Mae, Freddie Mac Federal Reserve - 10:50AM Yellen, What the Federal Reserve is Doing to Promote a Stronger Job Market CNBC - 10:00AM Yellen: Fed's 'extraordinary commitment' needed The Atlantic - 9:41AM How You, I, and Everyone Got the Top 1 Percent All Wrong Market Watch - 9:36AM U.S. too-big-to-fail subsidy as high as $70 billion, IMF says Reuters - 8:32AM Futures climb with Yellen on tap CNBC - 8:31AM More investors yielding to bonds' charms again Today's Comments MBS Live Chat - 9:52AM "RTRS- FED'S YELLEN: EXTRAORDINARY COMMITMENT TO STIMULUS WILL BE NEEDED FOR SOME TIME, A VIEW WIDELY SHARED BY FELLOW POLICYMAKERS..." MBS Live Chat - 9:52AM "extraordinary commitment!..." MBS Live Chat - 9:52AM "RTRS- YELLEN: CUTS TO BOND BUYING NOT A LESSENING OF COMMITMENT, BUT REFLECTION OF SOME LABOR MARKET PROGRESS..." MBS Live Chat - 9:53AM "pretty bond friendly statements..." MBS Live Chat - 10:13AM "so, pretty bad data on a top tier report, bond friendly yellen, yet we are back to lows and stocks are on fire..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.54% +0.05 15 Yr FRM 3.53% +0.02 FHA 30 Year Fixed 4.05% +0.05 Jumbo 30 Year Fixed 4.30% +0.03 5/1 Yr ARM 3.25% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.56% 0.29 +0.06 15 Yr. Fixed 3.62% 0.24 +0.10 30 Yr. Jumbo 4.45% 0.27 +0.06 30 Yr. FHA 4.16% 0.23 +0.03 5/1 ARM 3.22% 0.32 +0.13 Freddie Mac ** 30 Yr. Fixed 4.40% 0.60 +0.08 15 Yr. Fixed 3.42% 0.60 +0.10 1 Yr. ARM 2.44% 0.40 -0.05 5/1 Yr. ARM 3.10% 0.50 +0.08 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 96.58 +0.09 30YR FNMA 3.5 100.64 +0.05 30YR GNMA 3.0 98.38 +0.06 30YR GNMA 3.5 102.05 +0.02 15YR FNMA 3.0 102.73 +0.05 15YR FNMA 2.5 99.94 +0.02 Treasuries Yield Change 2 YR 0.4261% -0.0274 5 YR 1.7184% -0.0295 10 YR 2.7190% -0.0036 30 YR 3.5616% +0.0135 Prices as of: 3/31/2014 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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Daily Newsletter: A Look at Housing’s One-Percenters; Mortgage Rates Higher; Increasing Focus on HELOCS

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30 Year Fixed 4.49%   +0.03 15 Year Fixed 3.51%   +0.02 10YR Treasury 2.72%   +0.0343 FNMA 30YR 3.5 100.59   -0.20 FNMA 15YR 2.5 102.69   -0.16 View Today's Rates

Friday March 28, 2014 MND NewsWire - 2:34PM A Look at Housing's One-Percenters CoreLogic Chief Economist Mark Fleming suggests that an examination of housing's one-percenters might be as valuable an analysis as a glance at that segment's income and/or wealth distribution ... Pipeline Press - 9:13AM The CFPB on payday lending & FCRA; increasing focus on 2nds and HELOCs - are we talking not enough or too much? My cats Myrtle and Gusto are keenly aware that I use a credit card to buy their salmon-infused kibble when it runs low. And so they were very interested to learn that JPMorgan reported ... Mortgage Rate Watch - 5:19PM Mortgage Rates Higher Today, but Lower on the Week Mortgage rates finally experienced a correction to the 5-day winning streak that had carried them lower after last week's spike. On a slightly unsatisfying note, the winning streak ... MBS Commentary - 4:53PM MBS RECAP: Bond Markets Correct Bullish Run, More Neutral for NFP Week If you'd like to reduce this week's activity to a very basic concept and seek to explain just about everything we've seen in the past week as a function of that concept, that's probably ... MBS MID-DAY: Bond Markets Give up Morning Gains as Stocks Rally Fannie Mae REO Purchase Incentives Extended Pending Home Sales Weaker Again, but May be Stabilizing Latest Video RE/MAX CEO: There's a lot of buyers out there Santelli: The chart that matters The Week Ahead: March jobs report More News from 'Around the Web' www.aei-ideas.org - 4:27PM How is the real US economy doing? Reuters - 4:26PM Fed's George wants end to zero rates, does not say when Market Watch - 2:19PM Jennifer Openshaw: A Craigslist for lenders and borrowers CNBC - 12:39PM Housing in recovery, but not its stocks Market Watch - 11:22AM The Technical Indicator: S&P 500 survives another retest of major support blog.redfin.com - 11:22AM 10 Home Projects that Can Increase Value blog.redfin.com - 11:22AM Spring Maintenance Checklist for Homeowners WSJ - 10:18AM Americans Must Adjust to a World Dominated by China — Fed's Bullard WSJ - 10:18AM Fed in No Hurry to Decide Mechanics of Rate Increases WSJ - 10:18AM Inflation Slows Again, Bouncing Around Four-Year Low CNBC - 10:08AM Consumer sentiment hits 80 in March vs. 80.5 estimate House Financial Services - 9:38AM Oversight and Investigations Subcommittee Chairman McHenry Responds to CFPB Refusal to Attend Hearing CNBC - 9:24AM Fed official: No rate rise until 2015 CNBC - 9:22AM Home improvements with the most bang for the buck Market Watch - 8:41AM Institutional investors cool on housing market CNBC - 8:40AM US bond yields boosted by China stimulus hopes Bloomberg - 12:22AM Freddie-Fannie, Money Markets, Bank Conflicts: Compliance - Bloomberg Bloomberg - 12:22AM Treasuries Head for First Monthly Loss This Year on Fed Outlook - Bloomberg Reuters - 9:19PM Judge rules Goldman must face lawsuit over mortgage securities Today's Comments MBS Live Chat - 3:38PM "who is locking in?..." MBS Live Chat - 3:39PM "play defense next week..." MBS Live Chat - 3:41PM "I believe we'll see selling into NFP on Friday, I personally think pricing is the best it will be until at least Friday...." MBS Live Chat - 3:42PM "We've been in a downward price channel for about a month now and we're bumping up on the upper bound of that channel. I would think seriously about protecting what we have right now...." MBS Live Chat - 3:43PM "brent nailed it. i'd be very cautious with advice to clients leading up to 4/4..." MBS Live Chat - 3:52PM "my only hesitation of locking today is that Monday is the last day of the month...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.49% +0.03 15 Yr FRM 3.51% +0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.27% +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 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.56% 0.29 +0.06 15 Yr. Fixed 3.62% 0.24 +0.10 30 Yr. Jumbo 4.45% 0.27 +0.06 30 Yr. FHA 4.16% 0.23 +0.03 5/1 ARM 3.22% 0.32 +0.13 Freddie Mac ** 30 Yr. Fixed 4.40% 0.60 +0.08 15 Yr. Fixed 3.42% 0.60 +0.10 1 Yr. ARM 2.44% 0.40 -0.05 5/1 Yr. ARM 3.10% 0.50 +0.08 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 96.48 -0.20 30YR FNMA 3.5 100.59 -0.20 30YR GNMA 3.0 98.31 -0.16 30YR GNMA 3.5 102.03 -0.16 15YR FNMA 3.0 102.69 -0.16 15YR FNMA 2.5 99.92 -0.05 Treasuries Yield Change 2 YR 0.4535% +0.0039 5 YR 1.7479% +0.0279 10 YR 2.7226% +0.0343 30 YR 3.5481% +0.0193 Prices as of: 3/28/2014 4:30PM 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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