Daily Newsletter: Worst Week for Mortgage Rates since August 2013; Breaking Down the "Weather Effect" in the Jobs Report; Suntrust in Hot Seat; Ditech is Back

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30 Year Fixed 4.53%   +0.05 15 Year Fixed 3.54%   +0.06 10YR Treasury 2.79%   +0.0560 FNMA 30YR 3.5 100.55   -0.33 FNMA 15YR 2.5 103.05   -0.19 View Today's Rates

Friday March 7, 2014 Mortgage Rate Watch - 4:41PM Worst Week for Mortgage Rates since August 2013 Mortgage rates rose sharply for the third time this week, bringing them to levels not seen since January 15th. Today's move followed a stronger-than-expected Employment Situation report ... MND NewsWire - 10:07AM Breaking Down Weather Implications in Stronger Employment Report This morning's Employment Situation Report was stronger than expected. By historical standards, the "beat" isn't especially large (175k vs 149k forecast), but most market participants ... Pipeline Press - 10:46AM SunTrust in the Hot Seat; Bank M&A Continues; Green Tree Now Ditech Dave T. writes, "Rob, I have noticed that the originators attending classes or local association meetings are older, and mostly men over 50 years old and have been in the business in ... MBS Commentary - 12:49PM MBS MID-DAY: Bond Markets Hit Hard by Stronger Jobs; Holding Ground Now Not only was this morning's employment data stronger than expected, but it would probably have been even stronger if not for the weather effect. As preposterous as this sounds to those ... Home Equity Growth Stalled in Fourth Quarter NAHB Leading Markets Data Bodes Well for 2014 What Brokers Need to Know About Mini-Corr; Nationstar Probed; Industry Trends Survey Latest Video Labor market tightening up: Pro Santelli Exchange: Jobs, stagflation & China Polcari on jobs: Can't use weather anymore More News from 'Around the Web' Bloomberg - 4:00PM Former Fed Chairman Bernanke Sees Diminished Headwinds to Growth - Bloomberg Reuters - 4:00PM JPMorgan whistleblower gets $63.9 million in mortgage fraud accord Reuters - 3:59PM Ex-Jefferies trader guilty of fraud in bond probe Washington Post - 3:59PM Home equity is rising, but don't get too excited about it WSJ - 3:59PM Fed Missed Crisis Due To Narrow Mindset, Says Study WSJ - 1:41PM Don't Sweat the Rise in the Unemployment Rate Reuters - 1:32PM Rate rise around mid-2015 a reasonable assumption: Fed's Dudley CNBC - 1:26PM All clear on jobs front? Hmmm, maybe not so much CNBC - 10:53AM Bond yields at six-week high, weather factor fades WSJ - 10:06AM Economists React: Hints of Spring in February Jobs Report? CNBC - 8:47AM US created 175,000 jobs in Feb. vs. 149,000 est.; unemployment rate at 6.7% vs. 6.6% est. Today's Comments MBS Live Chat - 9:47AM "just wanted to high-five MG for his awesome find. he beat many street economists to the punch..." MBS Live Chat - 9:56AM "MG, your "what does it mean" is a masterpiece. Kudos to you!..." MBS Live Chat - 1:00PM "Always learning something new in MND..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.53% +0.05 15 Yr FRM 3.54% +0.06 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.38% +0.06 5/1 Yr ARM 3.25% +0.01 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 96.19 -0.39 30YR FNMA 3.5 100.55 -0.33 30YR GNMA 3.0 98.17 -0.39 30YR GNMA 3.5 102.13 -0.28 15YR FNMA 3.0 103.05 -0.19 15YR FNMA 2.5 100.05 -0.19 Treasuries Yield Change 2 YR 0.3733% +0.0282 5 YR 1.6396% +0.0725 10 YR 2.7915% +0.0560 30 YR 3.7241% +0.0351 Prices as of: 3/7/2014 4:32PM 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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