Daily Newsletter: New Home Sales Negative year-over-year for 1st Time Since 2011; Fannie and Freddie must not die; Mortgage Rates Uninspired

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30 Year Fixed 4.51%   +0.00 15 Year Fixed 3.52%   +0.01 10YR Treasury 2.75%   +0.0181 FNMA 30YR 3.5 100.42   -0.02 FNMA 15YR 2.5 102.58   -0.03 View Today's Rates

Tuesday March 25, 2014 MND NewsWire - 10:56AM New Home Sales Turn Negative Year-Over-Year, First Time Since 2011 After rising by a revised 3.2 percent January, New Home Sales fell 3.3 percent in February according to data released today by The Census Bureau and the Department of Housing and Urban ... MND NewsWire - 9:46AM Fannie Mae and Freddie Mac must not Die: Bove The current plan to wind down Fannie Mae and Freddie Mac would result in lower housing prices for everyone. It would harm the United States economy by lowering growth. It would increase ... Mortgage Rate Watch - 4:25PM Mortgage Rates Unchanged and Lacking Inspiration Mortgage rates were slightly higher for some lenders today, but lower for others--holding perfectly flat on average . There were no major disruptions in financial markets today, but ... Pipeline Press - 9:47AM Mortgage Insurance Cancellation and Master Policies; FTC Guidance on Background Checks Citibank , N.A., is strategically adding new correspondent sellers for delegated and non-delegated delivery. Citi offers competitive pricing with additional incentives for CRA eligible ... Home Price Appreciation Decelerating on Average; Lots of Regional Variation Bank Consolidation Continues; the Basics of What all These Servicing Sales Mean for Lenders 'Pretty incredible' changes in bond market coming Latest Video Robert Shiller: Worry housing will weaken more Don't see meltdown coming, but a correction: Pro Santelli: 10-year & 30-year yields stuck More News from 'Around the Web' CNBC - 4:54PM John Paulson is back in the mortgage business Bloomberg - 4:54PM Redwood Returns to Mortgage-Bond Market With $342 Million Deal - Bloomberg Reuters - 3:53PM Rate rise only when Fed certain U.S. recovery well under way: Fisher The Huffington Post - 2:39PM Housing Watchdog Slams Massive Property Inspection Industry CNBC - 2:37PM IRS: Bitcoin treated as property not currency CNBC - 2:04PM Housing's mixed signals: Bubble or not? CNBC - 1:13PM Housing's mixed signals: Are we in a bubble or not? Reuters - 12:19PM U.S. banks enjoy 'too-big-to-fail' advantage: Fed study CNBC - 12:18PM Is it time for boomers to start selling? time.com - 11:44AM Here's One Way to be Optimistic About Crappy Housing Data WSJ - 11:44AM There's No Housing Bubble, but Places Like California Starting to Look Frothy CNBC - 11:00AM Now could be the time for baby boomers to sell Reuters - 10:41AM U.S. consumer confidence hits six-year high in March Reuters - 10:41AM New home sales fall to five-month low blog.redfin.com - 9:56AM Redfin Agents Predict Housing Market Will Be More Competitive This Spring Than Last Year FHFA - 9:54AM FHFA House Price Index Up 0.5 Percent in January Reuters - 9:54AM U.S. home prices rise in January: S&P/Case-Shiller CNBC - 9:38AM Houses are about to get really, really smart CNBC - 9:38AM Will the American Dream still include owning a home? www.cfpbmonitor.com - 8:53AM CFPB releases report on employee reviews Today's Comments MBS Live Chat - 9:16AM "I agree with that OO, it won't be straight line down though, but overall trend will be for lower long end rates..." MBS Live Chat - 9:19AM "That is quite a drop from current levels. last time we saw 2.25 on the way down was April '12..." MBS Live Chat - 9:19AM "we'll see 2.25 before 3.25..." MBS Live Chat - 9:22AM "JT - folks in Michigan thought I was crazy when I sparked the 2.25% conversation 4 months ago. I think your assesment is right on..." MBS Live Chat - 9:22AM "going to take quite a shock to break this current 2.60-3.00 range we have seen since3 mid Nov..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.51% +0.00 15 Yr FRM 3.52% +0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.30% -0.01 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 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 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 4.32% 0.60 -0.05 15 Yr. Fixed 3.32% 0.60 -0.06 1 Yr. ARM 2.49% 0.40 +0.01 5/1 Yr. ARM 3.02% 0.40 -0.07 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 96.25 -0.03 30YR FNMA 3.5 100.42 -0.02 30YR GNMA 3.0 98.05 -0.09 30YR GNMA 3.5 101.77 -0.08 15YR FNMA 3.0 102.58 -0.03 15YR FNMA 2.5 99.78 -0.09 Treasuries Yield Change 2 YR 0.4291% -0.0079 5 YR 1.7324% +0.0018 10 YR 2.7498% +0.0181 30 YR 3.5940% +0.0272 Prices as of: 3/25/2014 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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