Daily Newsletter: Home Prices Avoid Polar Vortex; Troubling Trends in Housing Market; FHA Doesn't Need Help, Groups Call for Fee Reduction; Rates Sharply Higher

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30 Year Fixed 4.42%   +0.09 15 Year Fixed 3.43%   +0.06 10YR Treasury 2.70%   +0.1001 FNMA 30YR 3.5 100.98   -0.69 FNMA 15YR 2.5 103.33   -0.36 View Today's Rates

Tuesday March 4, 2014 MND NewsWire - 12:04PM Home Prices Avoid Polar Vortex; Strongest Gains Since 2006 Home prices, including sales of distressed homes, increased nationally by 12 percent in the 12 months ended in January CoreLogic said today. This was the 23 rd consecutive month in ... MND NewsWire - 11:42AM Troubling Trends in Housing Market -Black Knight Mortgage originations in January were at the lowest level in 6 years 2008 Black Knight Financial Services said today and data on prepayment speeds and the remaining universe of "refinancible ... MND NewsWire - 4:14PM FHA Fund Doesn't Need Treasury Draw After All; Groups Call For Fee Reduction The Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund will have a positive capital reserve balance at the end of Fiscal 2014 estimated at $7.8 billion and will not ... Mortgage Rate Watch - 4:49PM Mortgage Rates Sharply Higher, Erasing Last Week's Improvement Mortgage rates were sharply higher today, as concern over geopolitical tension in Ukraine turned a corner. After a surprisingly strong end to February and strong start to March, mortgage ... MBS RECAP: Worst day of Losses Since November 8th Servicing & Bank Deals Persist; Analyst's Take on Ocwen & Walter; HECM & HELOC Trends Latest Video Cashin says: Weather excuse won't work forever Santelli Exchange: Where is the 10-year headed? Markets react to Putin comments More News from 'Around the Web' Reuters - 5:09PM White House says housing agency won't need Treasury aid The Huffington Post - 5:09PM Builder Financing May Be Troublesome www.gallup.com - 3:39PM Having Children Major Driver of Spending Patterns in U.S. The Big Picture - 3:38PM Income Distribution Like You Have Never Seen It Bloomberg - 2:37PM Dearest Seller: Your Home Is Like a Red, Red Rose - Bloomberg Reuters - 12:50PM White House wants $1 billion put in affordable housing fund www.cfpbmonitor.com - 12:47PM Credit reporting remains a CFPB top priority CNBC - 12:24PM Austin homeowners cash in big during crowded SXSW SIFMA - 11:27AM SIFMA: Holes in the Volcker Rule www.gallup.com - 10:40AM Economic Confidence Unchanged in February blog.redfin.com - 10:40AM Beware the 'Walking Closet': Mistakes in Home Listings Bother Buyers WSJ - 10:39AM Can Listing Be Used to Predict Home Prices? Bloomberg - 10:35AM Gross Says Central Banks Must Sway Investors for Assets to Rise - Bloomberg CNBC - 10:12AM US stocks rise at the start as Ukraine fears ease CNBC - 9:24AM Bernanke: Fed could have done more The Huffington Post - 8:40AM Wall Street Has Found Its Latest Dangerous Financial Product, Activists Warn Market Watch - 8:38AM David Weidner's Writing on the Wall: Uncle Sam buying mortgages? Who knew? Today's Comments MBS Live Chat - 8:56AM "Or as you say MG is the market using the troop pullback as a convenient excuse to do something they already might have done which is to get back to the middle ground of 2.70 we have hovered around before employment numbers are released...." MBS Live Chat - 8:57AM "I think that's the highest probability conclusion..." MBS Live Chat - 10:29AM "hindsight, yesterday was day to lock, but pricing isn't much worse this morning..." MBS Live Chat - 12:46PM "Did everyone see the new VA circular? They are messing with VA max loan amounts in some areas..." MBS Live Chat - 12:46PM "http://www.benefits.va.gov/HOMELOANS/circulars/26_14_6.pdf..." MND NewsWire - 4:46PM "Interesting that FHA is asking for the authority to add an administrative fee to their loans, despite (apparently) being solvent. Guess they need the funds to ensure borrowers aren't overcharged by lenders. OK for HUD to raise borrowers costs though, that's an entirely different matter...." MBS Live Chat - 2:59PM "Russia hold 138B in US debt, and threatened to dump it if sanctions follow. That's what I think is driving the selloff...." MBS Live Chat - 3:07PM "a country with the financial clout of Russia threatening to sell every last dollar they hold of US debt is like the state of North Dakota vowing to never use Google as a search engine in order to punish Google for something or other...." MBS Live Chat - 3:08PM "well said mg..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.42% +0.09 15 Yr FRM 3.43% +0.06 FHA 30 Year Fixed 4.00% +0.25 Jumbo 30 Year Fixed 4.28% +0.08 5/1 Yr ARM 3.23% -0.03 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 96.69 -0.80 30YR FNMA 3.5 100.98 -0.69 30YR GNMA 3.0 98.56 -0.80 30YR GNMA 3.5 102.44 -0.70 15YR FNMA 3.0 103.33 -0.36 15YR FNMA 2.5 100.33 -0.42 Treasuries Yield Change 2 YR 0.3369% +0.0317 5 YR 1.5408% +0.0832 10 YR 2.7031% +0.1001 30 YR 3.6508% +0.0957 Prices as of: 3/4/2014 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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