Daily Newsletter: Credit Availability Improves; Weather isn't Housing's Only Problem; Mortgage Rates at 3-week Lows Ahead of Fed Minutes

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30 Year Fixed 4.42%   -0.02 15 Year Fixed 3.44%   -0.01 10YR Treasury 2.68%   -0.0163 FNMA 30YR 3.5 101.38   +0.30 FNMA 15YR 2.5 103.19   +0.06 View Today's Rates

Tuesday April 8, 2014 MND NewsWire - 10:17AM Credit Availability Improves as Lenders Introduce Jumbo Programs The Mortgage Bankers Association (MBA) noted this morning that mortgage credit was slightly more available in March than it was in February. The Association's Mortgage Credit Availability ... MND NewsWire - 12:30PM Weather not the only Villain in Housing Start Slowdown In a recent blog post written by Molly Boesel CoreLogic questions the true role of the recent severe weather in a lag in single family housing starts. Those single family starts, a ... Mortgage Rate Watch - 3:53PM Mortgage Rates Slightly Lower Ahead of Fed Minutes Mortgage rates were lower for a 4th straight day today, further digging in to mid-March levels, but by a smaller amount today. In that sense, the rally following last Friday's jobs ... Pipeline Press - 9:41AM Proposed Massive Citi Settlement; CFPB Hearing Today on "Who's in Your Wallet?" As the industry watches the personnel turmoil at Utah's Castle & Cooke Mortgage, here's an interesting promotional twist: a builder's real estate company paying borrowers $100 to ... Commercial Lending up Big in 2013, Led by Multifamily MBS Day Ahead: Bond Markets Open to Suggestion Amid Lack of Data Latest Video Zell does the math on single-family homes Mortgage lending at lowest level in 14 years Awake the sleeping bond market More News from 'Around the Web' Reuters - 4:21PM Simplify U.S. financial reform rules, Fed's Plosser urges Reuters - 4:17PM Fed could cut rates to combat joblessness: Kocherlakota blog.hud.gov - 4:10PM During Fair Housing Month, it's about "A Matter of Place" CNBC - 2:54PM Globex trading shut: CME CNBC - 2:54PM Kocherlakota on the jobless rate Market Watch - 2:53PM Fed's Plosser favors release of more firm information Market Watch - 1:21PM Treasurys hold gains after mixed 3-year auction The Huffington Post - 1:21PM Why Is Fannie Mae Evicting the Coronel Family? Washington Post - 1:18PM Realtors and soybean farmers agree: Drone rules are overdue CNBC - 12:58PM Does the VIX fully reflect fear in the market? CNBC - 12:57PM Real estate firm targets underserved sweet spot Reuters - 11:49AM U.S. job openings hit six-year high in February Bloomberg - 11:46AM Brown Says Fannie Mae Revamp Won't Become Law This Year - Bloomberg www.ourbroker.com - 11:00AM Real Estate: Can Falling Pay Support Rising Home Values? Washington Post - 11:00AM Windows XP support ends today. But it's still used by everywhere from governments to ATMs. CNBC - 11:00AM What me worry? Many will still use XP Bloomberg - 10:01AM Margin Call Plan on Mortgage Bonds Draws Protest: Credit Markets - Bloomberg blog.redfin.com - 9:58AM What Slowdown? Eight Housing Markets That Are Speeding Up www.ourbroker.com - 9:47AM Mortgage Forgiveness Debt Relief Stuck On Capitol Hill CNBC - 9:45AM US stocks mostly lower before earnings season Today's Comments MND NewsWire - 5:21PM "Great info here. I guess it's good to confirm that originations are way down industry wide.....hopefully not permanently!..." MND NewsWire - 10:00AM "Yes very good info. It validates what we are experiencing in Northeast, that traditional home sales are up and we are capturing the purchase business. With winter loosening its grip, more listings for sale and serious buyers should be entering into the mix...." MBS Live Chat - 2:20PM "Globex is down..." MBS Live Chat - 2:20PM "no futures trading..." MBS Live Chat - 2:24PM "JPY is getting demolished..." MBS Live Chat - 2:24PM "this has got to be part of this move, cant see anything else?..." MND NewsWire - 3:44PM "Sticker shock is absolutely going on the Chicago Market. I've done several pre-approvals for home buyers who are quickly becoming discouraged with the fierce competition of investors and cash buyers. The key is to have a great Realtor who keeps a buyer up to the minute with inventory changes...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.42% -0.02 15 Yr FRM 3.44% -0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.20% -0.01 5/1 Yr ARM 3.20% -0.01 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 4.56% 0.29 +0.06 15 Yr. Fixed 3.62% 0.24 +0.10 30 Yr. Jumbo 4.45% 0.27 +0.06 30 Yr. FHA 4.16% 0.23 +0.03 5/1 ARM 3.22% 0.32 +0.13 Freddie Mac ** 30 Yr. Fixed 4.41% 0.70 +0.01 15 Yr. Fixed 3.47% 0.60 +0.05 1 Yr. ARM 2.45% 0.40 +0.01 5/1 Yr. ARM 3.12% 0.50 +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 97.17 +0.19 30YR FNMA 3.5 101.38 +0.30 30YR GNMA 3.0 98.92 +0.13 30YR GNMA 3.5 102.58 +0.20 15YR FNMA 3.0 103.19 +0.06 15YR FNMA 2.5 100.56 +0.06 Treasuries Yield Change 2 YR 0.3989% +0.0001 5 YR 1.6677% -0.0115 10 YR 2.6826% -0.0163 30 YR 3.5413% -0.0144 Prices as of: 4/8/2014 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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