Daily Newsletter: Mortgage Rates Pause Near 2-Month Highs; 5/3rd Exiting Wholesale; Fannie Housing Survey; Housing Scorecard Examines Principal Reductions

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30 Year Fixed 4.51%   -0.02 15 Year Fixed 3.52%   -0.02 10YR Treasury 2.78%   -0.0127 FNMA 30YR 3.5 100.73   +0.19 FNMA 15YR 2.5 103.13   +0.08 View Today's Rates

Monday March 10, 2014 Mortgage Rate Watch - 3:35PM Mortgage Rates Pause Near 2-Month Highs Mortgage rates leveled-off today , after rising to 2-month highs after last Friday's Employment Situation ('Jobs Report'). Today's rates were just slightly lower, but apart from Friday ... MBS Commentary - 11:55AM MBS MID-DAY: Calm Morning For Bonds; CFPB's Double-edged Sword; 5/3rd Exiting Wholesale Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals . These are led today by another ... MND NewsWire - 11:24AM Housing Recovery Continuing, but not yet Robust -Fannie Survey Americans expectations regarding home prices ticked up decisively in February, both in terms of anticipating continued price increases and in the size of such gains. Fannie Mae's National ... MND NewsWire - 11:07AM Housing Scorecard Focuses on Principal Reduction Program The February edition of the Obama Administrations Housing Scorecard was released late Friday by the Departments of Treasury and Housing and Urban Development along with the monthly ... Latest on Fannie & Freddie; Stearns Takes #1 Wholesale Spot; Servicing ValuePrimer MBS Day Ahead: Quiet Week For Bond Markets to Ponder Post-NFP Fate SunTrust in the Hot Seat; Bank M&A Continues; Green Tree Now Ditech Breaking Down Weather Implications in Stronger Employment Report Latest Video Definitely positioned for higher rates: Strategist Housing's big chill expecting spring thaw European markets close: Huge concerns in China More News from 'Around the Web' www.cfpbmonitor.com - 3:56PM Latest CFPB amicus brief reveals ongoing focus on time-barred debt Bloomberg - 3:56PM Senate Leaders Seek to Pass House Flood-Insurance Bill - Bloomberg CNBC - 3:55PM Corporate debt fever rises to new record in 2014 Reuters - 2:42PM Evans says flatly: Fed will keep trimming bond purchases NAHB - 2:39PM NAHB Study Reveals Key Differences in Home Preferences Based on Race or Ethnicity Market Watch - 1:24PM What one big fund is saying about Fannie, Freddie Bloomberg - 1:24PM U.S. Projects $179 Billion Profit From Fannie Mae, Freddie Mac - Bloomberg CNBC - 1:23PM Five years later, 'still traumatized' by market www.freddiemac.com - 1:22PM Affordable Multifamily Housing: Weighing the Options freddiemac.mwnewsroom.com - 1:04PM Freddie Mac Announces Third Multifamily Securities Offering This Year, K-037 Reuters - 11:30AM U.S. Supreme Court to decide if IndyMac MBS plaintiff filed too late NY Fed - 11:26AM New York Fed survey shows consumer expectations for labor market and household financial conditions remain steady Washington Post - 10:35AM A single paragraph that explains why unemployment is still so high Washington Post - 10:34AM D.C. area housing market languished in February CNBC - 10:25AM Housing chill more than weather: Hovnanian WSJ - 9:06AM CFPB gets painful lesson in "disparate impact" www.npr.org - 8:42AM Big Investors Boosting Home Prices, And Not Everyone's Pleased Bloomberg - 8:42AM Westhus Reaping Fannie Windfall to Rival Big Short: Mortgages - Bloomberg Reuters - 8:41AM U.S. jobs growth last month hit by weather: Fed's Plosser Market Watch - 8:37AM Treasurys edge lower ahead of $64 bln in auctions Today's Comments MBS Live Chat - 9:00AM "interesting Op-Ed in todays WSJ on CFPB having issues with disparate treatment in house. http://online.wsj.com/news/articles/SB10001424052702303824204579423721516531650?mod=ITP_opinion_0&mg=reno64-wsj..." MBS Live Chat - 9:15AM "The last sentence is what I am paying most attention to and one that I hope the CFPB is as well. "The more important question is whether the bureau will reconsider its commitment to the disparate-impact doctrine after witnessing its flaws firsthand."..." MBS Live Chat - 10:55AM "anyone hear a rumor 5/3 exied wholesale today?..." MBS Live Chat - 11:58AM "Just got confirmation from a 5/3 AE that they are indeed existing wholesale...." MBS Live Chat - 1:09PM "does 5/3 advise why they are exiting?..." MBS Live Chat - 1:12PM "AP: As you are aware, there have been significant changes within the mortgage industry over the past several years. Fifth Third conducts regular reviews of the industries we serve based on the changing competitive and regulatory environment. Based on the current environment, and after careful consideration..." MBS Live Chat - 2:00PM "RTRS - FED'S EVANS: MBS PURCHASES CAN BE RUN OFF THROUGH MATURITIES, NOT SOLD OFF, IN FUTURE..." MBS Live Chat - 2:00PM "that's a great statement..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.51% -0.02 15 Yr FRM 3.52% -0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.36% -0.02 5/1 Yr ARM 3.25% +0.00 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 4.28% 0.70 -0.09 15 Yr. Fixed 3.32% 0.60 -0.07 1 Yr. ARM 2.52% 0.30 +0.00 5/1 Yr. ARM 3.03% 0.40 -0.02 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 96.38 +0.19 30YR FNMA 3.5 100.73 +0.19 30YR GNMA 3.0 98.36 +0.19 30YR GNMA 3.5 102.30 +0.17 15YR FNMA 3.0 103.13 +0.08 15YR FNMA 2.5 100.09 +0.05 Treasuries Yield Change 2 YR 0.3735% +0.0002 5 YR 1.6248% -0.0148 10 YR 2.7788% -0.0127 30 YR 3.7215% -0.0026 Prices as of: 3/10/2014 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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