Daily Newsletter: Mortgage Rates Fall Sharply on Ukraine Headlines; New Home Sales Volatility; Foreclosures Falling Again

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30 Year Fixed 4.40%   -0.07 15 Year Fixed 3.42%   -0.06 10YR Treasury 2.64%   -0.0827 FNMA 30YR 3.5 101.25   +0.52 FNMA 15YR 2.5 103.36   +0.31 View Today's Rates

Thursday March 13, 2014 Mortgage Rate Watch - 4:30PM Mortgage Rates Drop Significantly As Tension Mounts Over Ukraine Mortgage rates moved significantly lower today after Secretary of State Kerry warned of repercussions for events in Ukraine. Crimea is set to hold a referendum on Sunday deciding whether ... MND NewsWire - 12:51PM MBA Sees Wintertime Volatility in Builder Survey New home sales were up slightly in February the Mortgage Bankers Association (MBA) said today, but the increase was based on a substantially downgraded January estimate . MBA issues ... MND NewsWire - 11:50AM After Rising Last Month, Foreclosures Snap Back to 8 Year Low After spiking 8 percent in January, foreclosures filings have resumed their downward spiral RealtyTrac said today. Its U.S. Foreclosure Market Report for February notes that filings ... MBS Commentary - 12:29PM MBS MID-DAY: Geopolitical Risk Trumps Data, Greatly Benefiting Bond Markets Until 11:11am, the day may well have been about the fairly tepid reaction to stronger economic data. Treasuries had traded a super narrow range overnight, resulting in unchanged levels ... Nationwide Housing Continues to Improve; Jumbo Originations Increasing; Lender Updates Home Prices Actually Undervalued Based on Incomes -CoreLogic Rising Rates Sap Mortgage Application Activity Latest Video Construction boom coming: Pro Renters gain confidence in housing Housing affordability very attractive: WFC CEO More News from 'Around the Web' Bloomberg - 4:54PM Fed, Stress Tests, Crimea, U.K. Budget: Week Ahead March 15-22 - Bloomberg The Huffington Post - 4:06PM FBI Ranked Mortgage Fraud As Lowest Criminal Threat After Crisis: Justice Department The Huffington Post - 4:05PM The Median Home Price Is $188,900. Here's What That Actually Buys You. Reuters - 2:36PM U.S. budget deficit smaller than expected in February CNBC - 2:35PM Winter heating bills hit home—hard DataQuick - 2:12PM DataQuick: February Bay Area Home Sale Press Release Market Watch - 2:09PM The Fed: Fischer says Fed doing all it can to help economy Washington Post - 1:25PM DOJ inspector general says department is not as tough as it claims on mortgage fraud Bloomberg - 12:07PM Fannie Mae Investors' Fate to Be Decided by Courts, Crapo Says - Bloomberg CNBC - 10:47AM Mortgage fraud low priority at Justice: New report blog.redfin.com - 10:21AM West Coast Home Sales Hit Lowest Point in Five Years Reuters - 10:20AM U.S. business inventories up, sales post largest drop in 10 months blog.redfin.com - 10:20AM Homebuyers Hesitate in February freddiemac.mwnewsroom.com - 10:15AM Fixed Mortgage Rates Edge Up CNBC - 8:57AM US bond market awaits $13 billion Treasury auction Reuters - 8:56AM U.S. retail sales rise a bit more than expected in February Reuters - 8:56AM U.S. jobless claims fall to new three-month low Reuters - 8:56AM U.S. import prices post largest gain in a year CNBC - 8:56AM Corker: Deal to end Fannie, Freddie is just right www.federalregister.gov - 8:29AM Federal Housing Administration (FHA): Handling Prepayments: Eliminating Post-Payment Interest Charges Today's Comments MBS Live Chat - 11:32AM "RTRS- U.S. SECRETARY OF STATE KERRY SAYS IF REFERENDUM ON UKRAINE'S CRIMEA GOES AHEAD, THERE WILL BE A 'SERIOUS SERIES OF STEPS' ON MONDAY FROM U.S. AND EUROPE AGAINST RUSSIA..." MBS Live Chat - 11:32AM "RTRS- KERRY: THERE ARE CONTINGENCIES IN PLACE IN CASE RUSSIAN FORCES MOVE FARTHER EAST INTO UKRAINE, HOPES TO AVOID THAT BUT 'NO TELLING THAT WE CAN'..." MBS Live Chat - 11:34AM "definitely a market reaction to these headlines..." MBS Live Chat - 3:05PM "if a borrower hates his servicer so much that he is willing to refinance and get the same payment just to get away from that servicer, is that a viable tangible benefit?..." MBS Live Chat - 3:05PM "from FHA to conventional..." MBS Live Chat - 3:06PM "you could argue better MI, dropping it earlier, rather than arguing payment..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.40% -0.07 15 Yr FRM 3.42% -0.06 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.24% -0.07 5/1 Yr ARM 3.25% +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 4.47% 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 97.09 +0.56 30YR FNMA 3.5 101.25 +0.52 30YR GNMA 3.0 99.05 +0.72 30YR GNMA 3.5 102.78 +0.64 15YR FNMA 3.0 103.36 +0.31 15YR FNMA 2.5 100.42 +0.39 Treasuries Yield Change 2 YR 0.3380% -0.0279 5 YR 1.5147% -0.0723 10 YR 2.6437% -0.0827 30 YR 3.5923% -0.0775 Prices as of: 3/13/2014 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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