Daily Newsletter: Continued Shift Towards Purchases; Mortgage Profits hit Record Lows; Rates Close to Erasing Last Week's Losses; Housing's New (Normal) Index

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30 Year Fixed 4.48%   -0.03 15 Year Fixed 3.50%   -0.02 10YR Treasury 2.69%   -0.0579 FNMA 30YR 3.5 100.81   +0.39 FNMA 15YR 2.5 102.81   +0.23 View Today's Rates

Wednesday March 26, 2014 MND NewsWire - 8:55AM Mortgage Applications Continue Shifting Towards Purchases There were continued indications during the week ended March 21 of the anticipated 2014 decrease in mortgage volume and the market's gradual shift to one dominated by purchasing rather ... MND NewsWire - 4:49PM Mortgage Profits Hit Record Lows in Q4 Profits pocketed by independent banks and banks' mortgage subsidiaries plunged in the fourth quarter of 2013 the Mortgage Bankers Association (MBA) said on Wednesday. On a per-loan ... Mortgage Rate Watch - 4:16PM Mortgage Rates Close to Erasing Last Week's Losses Mortgage rates improved substantially today, at least in the context of small day-over-day movement seen since last week's Fed Forecasts sent rates quickly higher. While they're not ... MND NewsWire - 3:01PM For Housing, a New Definition of 'Normal,' and a New Index to Track it Freddie Mac and its economists would like to answer the old question "are we there yet?" with "there" in this case meaning anywhere close to a normal housing market. As part of that ... MBS RECAP: Deceptive Data and Strong Auction Lift Bond Prices Wealth Gap Widening; More on MI Changes; New AG and Self-Employed Products; ResCap Purchased Latest Video Real estate agents still 'very integral' Santelli: Lots of activity in 10-year Note Closing Bell Exchange: Volatility unhinging the market More News from 'Around the Web' FHFA - 4:43PM FHFA Announces $9.3 Billion Settlement With Bank of America Corporation Market Watch - 4:43PM Fed rejects capital plan of Citi, four other banks Market Watch - 4:40PM B. of A., Lewis to settle Merrill Lynch lawsuit www.easyir.com - 3:53PM TransUnion Reveals a Third of Americans Have Never Checked Their Credit Report or Score Washington Post - 3:52PM There are almost as many payday lenders as McDonald's and Starbucks. No, really www.cfpbmonitor.com - 3:51PM CFPB representatives invited to speak at symposium on fine print Bloomberg - 2:08PM Treasury Auctions Five-Year Debt at Highest Yield Since 2011 Bloomberg - 1:01PM U.S. Single-Family Home Investors Form Trade Group - Bloomberg S&P/Case Shiller - 11:34AM Employment and Housing Boost Prospects For U.S. Mortgage Insurers CNBC - 10:20AM Paulson back in mortgage business Bloomberg - 10:19AM North Dakota Ranks as the Most Stable U.S. Housing Market freddiemac.mwnewsroom.com - 10:13AM Freddie Mac's New Multi-Indicator Market Index Measures Stability of Metro, State and National Housing Markets CNBC - 10:02AM US service sector 'flash' PMI hit 55.8 in March from 54.1 in prior month CNBC - 9:05AM Will the fixed-rate mortgage become extinct? freddiemac.mwnewsroom.com - 9:03AM Freddie Mac Issues Monthly Volume Summary for February 2014 WSJ - 8:26AM High Prices Partly to Blame for Slow New Home Sales CNBC - 8:25AM Is there a spring thaw ahead for mortgages? Bloomberg - 8:25AM Hedge Funds Unlikely Saviors for New York-Area Homeowners - Bloomberg Today's Comments MBS Live Chat - 1:01PM "RTRS - U.S. SELLS $35 BLN 5-YEAR NOTES AT HIGH YIELD 1.715 PCT, AWARDS 89.46 PCT OF BIDS AT HIGH..." MBS Live Chat - 1:01PM "nice..." MBS Live Chat - 1:02PM "A to A+..." MBS Live Chat - 1:04PM "Santelli gave it a A+..." MBS Live Chat - 2:32PM "I don't know about you guys, but I am starting to see a steady amount of clients doing cash out refinances to pay off debt. People that just refinanced in 2012 & 2013. Guess that historically low rate means nothing when you are drowning in CC and student loan debt...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% -0.03 15 Yr FRM 3.50% -0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.27% -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 3.80% 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 4.32% 0.60 -0.05 15 Yr. Fixed 3.32% 0.60 -0.06 1 Yr. ARM 2.49% 0.40 +0.01 5/1 Yr. ARM 3.02% 0.40 -0.07 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 96.72 +0.47 30YR FNMA 3.5 100.81 +0.39 30YR GNMA 3.0 98.48 +0.44 30YR GNMA 3.5 102.17 +0.41 15YR FNMA 3.0 102.81 +0.23 15YR FNMA 2.5 100.02 +0.23 Treasuries Yield Change 2 YR 0.4418% +0.0127 5 YR 1.6724% -0.0600 10 YR 2.6919% -0.0579 30 YR 3.5414% -0.0526 Prices as of: 3/26/2014 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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