Daily Newsletter: Markets Hit With Volatility From Ukraine; Mortgage Rates Lower vs Yesterday; New MLS-Based Home Price Index a Potential Game-Changer

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30 Year Fixed 4.39%   -0.01 15 Year Fixed 3.42%   +0.00 10YR Treasury 2.65%   +0.0088 FNMA 30YR 3.5 101.06   -0.19 FNMA 15YR 2.5 103.19   -0.17 View Today's Rates

Friday March 14, 2014 MBS Commentary - 12:20PM MBS MID-DAY: Bond Markets Cope With Volatility Surrounding Ukraine Headlines The morning has seen rapid swings between highs and lows for stocks, bonds, MBS, and just about everything else. As expected, the logical impact from economic data fell by the wayside ... Mortgage Rate Watch - 3:16PM Mortgage Rates Higher in Afternoon, Lower Overall Mortgage rates managed to log another day of improvement today, this time more modest compared to yesterday's big move. Rate sheets were best in the morning, but deteriorating conditions ... MND NewsWire - 1:21PM Building a Better House Price Index With MLS Data Two Federal Reserve economists have developed a home price index which they claim operates in a more real time environment than those indices currently accepted as the industry standard ... Pipeline Press - 11:34AM Pi Day; Primer on MBS Issuance; LendingTree Lawsuit; Bank M&A; How About These Rates! Who doesn't love a good 'Top 10' list? If it wasn't for top ten lists, and videos of cats dancing, the internet would be reserved for its intended purpose: governmental communication ... MBS Day Ahead: Limited Event Calendar Leaves Focus on Geopolitical Risk Latest Video Assessing geopolitical threats to US market Bonds in bubble trouble? Warren Buffett: Wells Fargo & U.S. Bank in very good shape More News from 'Around the Web' www.cfpbmonitor.com - 3:55PM Did the CFPB Run a Stop Sign? WSJ - 3:54PM Overseas Treasury Holdings at Fed Post Record Drop CNBC - 2:26PM Unlock the smart home: Start-up eyes keyless doors WSJ - 2:25PM Degrees Make the Loan Reuters - 2:23PM Fed's Fisher says U.S. housing on 'sustainable rebound' rss.nytimes.com - 2:23PM California Sued Over Diversion of Money From National Mortgage Settlement CNBC - 2:22PM Efforts to kill Fannie-Freddie may already be dead CNBC - 12:49PM Kerry: Putin says no Crimea decision until after referendum CNBC - 11:17AM Hedge funds still hope for big Fannie-Freddie win Reuters - 10:59AM U.S. consumer sentiment edges lower in March Market Watch - 10:59AM The Fed: Kroszner on why and how the Fed will change guidance WSJ - 10:56AM Secondary Sources: Bond Bubble, Middle Class and Taxes, Ukraine The Huffington Post - 10:55AM Obama To Sign Relief From Flood Insurance Hikes Market Watch - 9:54AM Bond Report: Treasurys gain as Crimea vote looms WSJ - 9:54AM Grand Central: Sizing Up Fischer's First Day Wearing a Fed Hat CNBC - 9:38AM US stocks decline at the start amid uncertainty over Ukraine CNBC - 8:49AM Insane interest: Sky-high rates of days gone by NAHB - 12:38AM Congressional Passage of Flood Insurance Bill a Boost for Housing Bloomberg - 12:36AM Blackstone's Home Buying Binge Ends as Prices Surge: Mortgages - Bloomberg Reuters - 12:36AM Bank of America back in court over $2.1 billion fraud penalties Today's Comments MBS Live Chat - 9:59AM "My logic on pricing extends as far as MG's latest daily chart..." MBS Live Chat - 10:49AM "Really useful update just now (i hope) for anyone looking for more discussion on why bond markets are doing recently, and especially this morning...." MBS Live Chat - 2:12PM "Geopolitical - Ukraine is ranked as the world's sixth-largest arms exporter. The former Soviet republic inherited a substantial portion of Moscow's weapons expertise and military industry: About 30 percent of all Soviet defense industries are located inside Ukraine...." MBS Live Chat - 2:31PM "Can anyone confirm if FHA doesn't allow netting of escrows off an exsisting FHA loan if the case number was assigned after 11/1/2013? I am trying to refi a client out of an FHA into a conventional. Thanks for the help..." MBS Live Chat - 2:32PM "sm - that is servicer specific..." MBS Live Chat - 2:33PM "it's an FHA rule ONLY for FHA loans..." MBS Live Chat - 2:33PM "SK - so if I was going from FHA to conventional thsi rule wouldn't apply?..." MBS Live Chat - 2:36PM "it should not SM, that being said, very few servicers net, so it's usually the title company taking the risk and making the borrowers sign something at settlement..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.39% -0.01 15 Yr FRM 3.42% +0.00 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.24% +0.00 5/1 Yr ARM 3.23% -0.02 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 4.47% 0.28 -0.06 15 Yr. Fixed 3.52% 0.18 -0.04 30 Yr. Jumbo 4.37% 0.20 -0.10 30 Yr. FHA 4.13% 0.13 -0.04 5/1 ARM 3.09% 0.38 -0.08 Freddie Mac ** 30 Yr. Fixed 4.37% 0.60 +0.09 15 Yr. Fixed 3.38% 0.60 +0.06 1 Yr. ARM 2.48% 0.40 -0.04 5/1 Yr. ARM 3.09% 0.40 +0.06 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 96.86 -0.23 30YR FNMA 3.5 101.06 -0.19 30YR GNMA 3.0 98.78 -0.27 30YR GNMA 3.5 102.50 -0.28 15YR FNMA 3.0 103.19 -0.17 15YR FNMA 2.5 100.27 -0.16 Treasuries Yield Change 2 YR 0.3424% +0.0044 5 YR 1.5345% +0.0198 10 YR 2.6525% +0.0088 30 YR 3.5966% +0.0043 Prices as of: 3/14/2014 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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