Daily Newsletter: Mortgage Rates Higher at Year's Fastest Pace After Fed Forecast Surprise; Lenders Reaching Farther Out Credit Spectrum For Volume; FOMC Statement Differences

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30 Year Fixed 4.53%   +0.10 15 Year Fixed 3.52%   +0.07 10YR Treasury 2.77%   +0.1012 FNMA 30YR 3.5 100.23   -0.77 FNMA 15YR 2.5 102.59   -0.58 View Today's Rates

Wednesday March 19, 2014 Mortgage Rate Watch - 5:18PM Mortgage Rates Higher at Year's Fastest Pace After Fed Forecast Surprise Mortgage rates shot higher today at their fastest pace of the year today after Fed forecasts suggested members saw the Fed Funds Rate rising sooner and by more than expected. To be ... MBS Commentary - 4:59PM MBS RECAP: Fed Forecasts Blindside Markets; Yellen Rips Bandaid Off As expected, today's FOMC Announcement was every bit the snoozer it should have been. We knew qualitative guidance was likely to replace the unemployment threshold and that tapering ... MND NewsWire - 1:59PM Lenders Reach Farther Out Credit Spectrum to Fill Capacity Among closed loans in February, the share of refinances fell to 43 percent from 47 percent in January, and from 68 percent in February 2013, according to to Ellie Mae's Origination ... MBS Commentary - 2:06PM Differences Between Past and Current FOMC Statements Underline indicates additional text in today's announcement, strikethru indicates deleted text that was no longer present. Release Date: January 29, March 19, 2014 For immediate release ... Build Your Own Fed Announcement CFPB, MISMO and Electronic Processing; Lenders Liable for Buybacks After Shutting Down? Mortgage Applications Fall 1.2% Last Week Latest Video Yellen 'spooked' market with 6-month gap Santelli: Treasury yields spike post-Fed Housing's big pop is out: Blackstone CEO More News from 'Around the Web' www.npr.org - 4:36PM In First Press Conference, New Fed Chair Goes Vague House Financial Services - 4:29PM CFPB Should Let the Sunshine In to their Closed-Door Meetings WSJ - 4:21PM Yellen Suggests Roughly 6 Month Gap Before Rate Increases After QE Ends www.cfpbmonitor.com - 3:48PM Hensarling calls on CFPB to open advisory group meetings CNBC - 3:05PM Yep, Fed's now doing 'qualitative easing': Insana NY Fed - 2:43PM Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities Reuters - 2:15PM Fed poised to trim bond buying, rewrite rates guidance Market Watch - 2:15PM Treasurys fall, yields surge on Fed rate view The Huffington Post - 12:39PM 10 Things to Consider Before Making an Offer On a Home CNBC - 12:05PM Hoping for a spring real estate thaw Bloomberg - 10:58AM KB Home Rises Most in a Year as Profit Beats Estimates CNBC - 10:33AM Homebuyers eager for spring real estate price thaw Market Watch - 10:16AM Big banks gang up to squash tiny tax WSJ - 9:28AM For Yellen, a Little Advice From Her Husband news.google.com - 9:20AM Fed Likely to Signal Real Rates Will Stay Negative for Years Reuters - 9:18AM U.S. current account gap hits 14-year low in fourth quarter CNBC - 9:10AM Housing loses 'big pop': Blackstone's Schwarzman Market Watch - 8:46AM KB Home swings to profit in first quarter www.aia.org - 8:32AM Architecture Billings Index Shows Slight Improvement www.easyir.com - 8:32AM What Gets Paid First? TransUnion Study Finds Consumers in Most Markets Revert to Paying Mortgages Ahead of Credit Cards Today's Comments MBS Live Chat - 3:13PM "This seems like an over-exaggerated sell-off for more of the same from the Fed...." MBS Live Chat - 3:14PM "They said the same thing last month with little or no reaction...." MBS Live Chat - 3:14PM "QE ends late this year, about 6 months later the rate increases begin. We're near 1% by yr end. That's what I'm hearing...." MBS Live Chat - 3:14PM "the nosedive started at 3pm for stocks, not sure why..." MBS Live Chat - 3:17PM "Sung, it was the "considerable period" clarification. Comment lines up with spike in stocks...." MBS Live Chat - 3:19PM "Can any shed light on why we are slipping further after hitting the floor and getting a small bounce a ill bit ago?..." MBS Live Chat - 3:20PM "Brian, I think the biggest revelation for today is the realization of a potentially accelerated time frame on the initial rate hike...." MBS Live Chat - 3:20PM "seriously bond traders? This statement/action was such a surprise that you go into panic mode? I must be missing something...." MBS Live Chat - 3:21PM "i still think this is why people are freaked, just as MG said, the acceleration of FF increase..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.53% +0.10 15 Yr FRM 3.52% +0.07 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.30% +0.05 5/1 Yr ARM 3.21% -0.04 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 4.52% 0.29 +0.05 15 Yr. Fixed 3.53% 0.28 +0.01 30 Yr. Jumbo 4.41% 0.20 +0.04 30 Yr. FHA 4.18% 0.21 +0.05 5/1 ARM 3.18% 0.36 +0.09 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 96.02 -0.77 30YR FNMA 3.5 100.23 -0.77 30YR GNMA 3.0 97.91 -0.70 30YR GNMA 3.5 101.66 -0.75 15YR FNMA 3.0 102.59 -0.58 15YR FNMA 2.5 99.69 -0.63 Treasuries Yield Change 2 YR 0.4235% +0.0769 5 YR 1.7084% +0.1640 10 YR 2.7716% +0.1012 30 YR 3.6516% +0.0422 Prices as of: 3/19/2014 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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