Daily Newsletter: Mortgage Rates Improve on Weak GDP, Tame Fed Announcement; Mortgage Apps Lowest since 2000; Up to Half in Some States Want to Move

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30 Year Fixed 4.37%   -0.05 15 Year Fixed 3.42%   -0.06 10YR Treasury 2.65%   -0.0419 FNMA 30YR 3.5 101.53   +0.36 FNMA 15YR 2.5 103.22   +0.23 View Today's Rates

Wednesday April 30, 2014 Mortgage Rate Watch - 3:27PM Mortgage Rates Improve on Weak GDP, Tame Fed Announcement Mortgage rates fell at a solid pace today following a reading on 1st Quarter GDP that was much weaker than expected. Downbeat economic data tends to benefit bond prices, including the ... MND NewsWire - 8:54AM Mortgage Applications Lowest Since 2000 The week ended April 25 was one of the slowest for mortgage application activity the industry has seen in years. The Mortgage Bankers Association (MBA) said applications for both purchase ... MND NewsWire - 12:42PM Up to Half the Population in Some States Would Rather Live Somewhere Else In a survey they might as well have subtitled "The Grass is Always Greener," Gallup found that about a third of Americans would, if given the opportunity, pick a different state in ... Pipeline Press - 10:37AM Interest-Only Recasts; Referral Fee Discussion; MBA App Numbers What has Wells Fargo's Economics Group been writing about recently? The economic recovery, of course; more specifically, how does one compare economic recoveries across economic recoveries ... GSE's Pass FHFA Stress Tests with no Treasury Debits Differences Between Past and Current FOMC Statements MBS MID-DAY: Bond Markets Staying Strong After Mixed Morning Data Latest Video How will Fed address 'shocking' GDP data? Fed extends taper Cashin says: Anticipating today's taper announcement More News from 'Around the Web' freddiemac.mwnewsroom.com - 3:45PM Freddie Mac to Purchase and Securitize Manufactured Housing Community Loans CNBC - 3:45PM For the Fed and the markets, boring is beautiful NAHB - 2:53PM NAHB Remodelers Reveals the Most Popular Features to Improve the Performance of Your Home Bloomberg - 2:53PM Deutsche Bank Says Landlord Ruling May Flood Courts - Bloomberg National Housing Conference - 2:51PM Mapping housing affordability, a grim picture for renter freddiemac.mwnewsroom.com - 1:58PM Freddie Mac Issues Dodd-Frank Stress Test Results www.cfpbmonitor.com - 1:01PM House issues subpoenas in connection with investigation of alleged CFPB employee discrimination www.aei-ideas.org - 12:57PM Sorry, China, the US is still the world's leading economic power www.nasdaq.com - 12:50PM Fed Board Holds Closed-Door Meeting WSJ - 11:57AM Economists React to U.S. GDP: 'Grim, But Old News' Reuters - 11:41AM Fannie Mae, Freddie Mac may need $190 billion in big downturn: regulator CNBC - 11:39AM Are we on the edge of another financial crisis? CNBC - 11:38AM Bill Gross: Here are the next big things Bloomberg - 10:50AM Fannie Mae Would Need New Bailout in Downturn, FHFA Says - Bloomberg CNBC - 10:27AM Midwest business index highest since Oct www.boxer.senate.gov - 10:26AM Boxer, Schumer: Reverse Mortgage Companies Threatening Heirs of Deceased Homeowners with Foreclosure Unless They Pay More than They Are Legally Required to Pay www.gallup.com - 9:23AM Half in Illinois and Connecticut Want to Move Elsewhere CNBC - 9:15AM US private job creation booms in April: ADP WSJ - 9:15AM Highlights from the First-Quarter GDP Report Fannie Mae - 9:14AM Statements - Statement by Kelli Parsons on Stress Test ... Today's Comments MBS Live Chat - 1:00PM "In principal I think it's a step in the right direction but I honestly haven't studied the details deeply...." MBS Live Chat - 1:02PM "i dont like the high costs associated and now that f&f make money why do we want change?..." MBS Live Chat - 1:03PM "FNMA/FHMC worked for what, 70 some years until we got all exotic with loans and didn't look at any paperwork? Thinking that after Dodd/Frank implementation, we should see if any more tinkering really is even necessary...." MBS Live Chat - 1:06PM "just like us to fix a problem after its been fixed. nothign like fixing it twice..." MBS Live Chat - 1:52PM "Will the Fed statement consider today's data?..." MBS Live Chat - 1:53PM "probably, I would think they had access to at least the gdp data..." MBS Live Chat - 2:00PM "RTRS - FED SAYS TO REDUCE BOND BUYING TO $45 BILLION PER MONTH, SPLIT AS $20 BLN MBS AND $25 BLN TREASURIES..." MBS Live Chat - 2:00PM "RTRS - FED SAYS GROWTH IN ECONOMIC ACTIVITY HAS PICKED UP RECENTLY AFTER HAVING SLOWED SHARPLY DURING THE WINTER IN PART DUE TO ADVERSE WEATHER..." MBS Live Chat - 2:08PM "Funny how bonds rally as the Fed continues to reduce it's buying. Best thing ever...." MBS Live Chat - 2:04PM "Thank you Fed.....stay on course; you're doing great!..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.37% -0.05 15 Yr FRM 3.42% -0.06 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.12% -0.05 5/1 Yr ARM 3.21% -0.02 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 4.49% 0.50 +0.02 15 Yr. Fixed 3.55% 0.33 +0.01 30 Yr. Jumbo 4.41% 0.34 +0.02 30 Yr. FHA 4.20% 0.41 +0.06 5/1 ARM 3.16% 0.36 +0.01 Freddie Mac ** 30 Yr. Fixed 4.33% 0.60 +0.06 15 Yr. Fixed 3.39% 0.60 +0.06 1 Yr. ARM 2.44% 0.50 +0.00 5/1 Yr. ARM 3.03% 0.50 +0.00 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 97.47 +0.39 30YR FNMA 3.5 101.53 +0.36 30YR GNMA 3.0 99.41 +0.27 30YR GNMA 3.5 102.81 +0.38 15YR FNMA 3.0 103.22 +0.23 15YR FNMA 2.5 100.59 +0.23 Treasuries Yield Change 2 YR 0.4143% -0.0275 5 YR 1.6823% -0.0541 10 YR 2.6513% -0.0419 30 YR 3.4618% -0.0282 Prices as of: 4/30/2014 3:57PM 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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Daily Newsletter: Case Shiller Home Price Appreciation Slowing; Rates Edge Higher; Foreclosures Rise, but Down Annually; Ocwen Scrutiny

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30 Year Fixed 4.42%   +0.02 15 Year Fixed 3.48%   +0.02 10YR Treasury 2.69%   -0.0164 FNMA 30YR 3.5 101.20   +0.08 FNMA 15YR 2.5 102.98   +0.05 View Today's Rates

Tuesday April 29, 2014 MND NewsWire - 3:02PM Price Increases Slow in Latest Case Shiller Report The S&P/Case-Shiller 20-City Composite Index rose slightly in February on a seasonally-adjusted basis, beating analysts' expectations by a hair while showing slowing rates of home ... Mortgage Rate Watch - 2:23PM Mortgage Rates Slightly Higher Ahead of GDP and Fed Mortgage rates were slightly higher today as a result of bond market weakness late yesterday and again this morning. Some of that weakness has been erased this afternoon, but trading ... MND NewsWire - 10:50AM Foreclosures Up in March, but Down 10 Percent from Last Year Completed foreclosures increased by nearly 6 percent in March, moving from 45,000 in February to 48,000. CoreLogic said this morning that there were, however 10 percent fewer foreclosures ... Pipeline Press - 9:59AM Scrutiny of Ocwen Continues; Be Careful With Branch Manager Comp Overloading the borrower with "CYA" closing documents is a big concern of lenders and regulators alike. Over the weekend I received this note from Steve Sherwood, president of Alerus ... MBS MID-DAY: Bond Markets Claw Back to Unchanged Territory After Data Home Prices Continue Higher, Some States Above Pre-Crisis Peaks Latest Video Robert Shiller: Housing data worrisome Santelli: Tracking the 10-year April consumer confidence 82.3 More News from 'Around the Web' The Huffington Post - 2:55PM Jed Kolko: Why Conforming Loan Limits Should Be Part of Housing-Finance Reform -- But Aren't Bloomberg - 2:55PM Home Prices Made 'Only a Partial Recovery,' Raskin Says - Bloomberg Market Watch - 2:55PM The Fed: No fireworks expected at Fed meeting CNBC - 2:54PM Who's buying U.S. bonds? China! Market Watch - 2:54PM Apple sells $12 billion in corporate debt offering DataQuick - 2:53PM March Las Vegas Home Sales Press Release CNBC - 1:48PM Homeownership falls to 19-year low rss.nytimes.com - 12:43PM Senate Panel Approves Fed Nominees Bloomberg - 12:42PM BofA Pays $111 Million to Mortgage Investors for Servicing Error - Bloomberg Market Watch - 11:42AM Net liquidity from Fed could turn negative rss.nytimes.com - 11:42AM Older New Yorkers Face Acute Pain in Finding Homes blogs.wsj.com - 11:35AM New Fairholme-Backed Group Rallies to Defend Fannie, Freddie www.corker.senate.gov - 10:57AM Corker Statement on Housing Finance Reform Markup Reuters - 10:35AM Senate panel to debate U.S. housing finance, but no vote scheduled CNBC - 10:33AM Consumer confidence hit 82.3 in April, versus 83 estimate Market Watch - 9:43AM Treasurys sink ahead of Apple bond sale, data CNBC - 9:30AM Home prices up 0.8% in February: S&P/Case-Shiller CNBC - 9:30AM What could drive Case-Shiller home prices in 2039 Reuters - 9:00AM EU imposes more sanctions on Russia over Ukraine crisis CNBC - 8:01AM US bonds continue to fall after home sales data Today's Comments MBS Live Chat - 12:11PM "A lot of different potential flash points simmering out there but the markets seem eerily tranquil to me. Which of course makes me nervous...." MBS Live Chat - 12:39PM "has anyone ever seen this condition on USDA "borrower's wife to provide signed letter stating that she is not currently working and has no plans to obtain work"..." MBS Live Chat - 12:39PM "Oh yes SK..." MBS Live Chat - 12:39PM "Logical, can't have too much household income...." MBS Live Chat - 12:40PM "I just closed a USDA where the wife quit working in 2013 end of the year and we had to get a VOE from the previous employer to verify she wasn't working there anymore AND a letter from her stating the same...." MBS Live Chat - 12:57PM "anyone in here think Johnson/Crapo a good plan?..." MBS Live Chat - 1:00PM "In principal I think it's a step in the right direction but I honestly haven't studied the details deeply...." MBS Live Chat - 1:02PM "i dont like the high costs associated and now that f&f make money why do we want change?..." MBS Live Chat - 1:03PM "FNMA/FHMC worked for what, 70 some years until we got all exotic with loans and didn't look at any paperwork? Thinking that after Dodd/Frank implementation, we should see if any more tinkering really is even necessary...." MBS Live Chat - 1:06PM "just like us to fix a problem after its been fixed. nothign like fixing it twice..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.42% +0.02 15 Yr FRM 3.48% +0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.17% +0.02 5/1 Yr ARM 3.23% +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 4.49% 0.50 +0.02 15 Yr. Fixed 3.55% 0.33 +0.01 30 Yr. Jumbo 4.41% 0.34 +0.02 30 Yr. FHA 4.20% 0.41 +0.06 5/1 ARM 3.16% 0.36 +0.01 Freddie Mac ** 30 Yr. Fixed 4.33% 0.60 +0.06 15 Yr. Fixed 3.39% 0.60 +0.06 1 Yr. ARM 2.44% 0.50 +0.00 5/1 Yr. ARM 3.03% 0.50 +0.00 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 97.11 +0.05 30YR FNMA 3.5 101.20 +0.08 30YR GNMA 3.0 99.17 +0.02 30YR GNMA 3.5 102.45 +0.03 15YR FNMA 3.0 102.98 +0.05 15YR FNMA 2.5 100.36 +0.09 Treasuries Yield Change 2 YR 0.4418% +0.0040 5 YR 1.7347% -0.0132 10 YR 2.6895% -0.0164 30 YR 3.4892% -0.0008 Prices as of: 4/29/2014 3:48PM 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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