Daily Newsletter: Home Prices Continue Higher, Some States Above Pre-Crisis Peaks; Volatility Ahead for Rates; Pending Sales Break 8-Month Losing Streak

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30 Year Fixed 4.40%   +0.00 15 Year Fixed 3.46%   -0.01 10YR Treasury 2.70%   +0.0327 FNMA 30YR 3.5 101.14   -0.19 FNMA 15YR 2.5 102.97   -0.09 View Today's Rates

Monday April 28, 2014 MND NewsWire - 12:20PM Home Prices Continue Higher, Some States Above Pre-Crisis Peaks Home prices nationwide have now recovered to within 13.5 percent of the peak they reached in June 2006. The national Home Price Index (HPI) provided by Black Knight Financial Services ... Mortgage Rate Watch - 2:45PM Mortgage Rates Hold Steady; Potential Volatility Ahead Mortgage rates held almost perfectly steady today, with a handful of lenders offering slightly lower costs while others were slightly higher. Once again, weakness in global equities ... MND NewsWire - 10:37AM Pending Sales Deliver First Increase in Nine Months Contracts for home purchases ended a dismal nine-month downturn in March marked by the first improvement in the Pending Home Sales Index (PSHSI) published by the National Association ... MBS Commentary - 7:39AM MBS Week Ahead: Action-Packed Week Includes Fed Announcement and Nonfarm Payrolls If calendar events like economic reports and monetary policy announcements end up being the impetus for bond markets to break out of their 3-Month sideways range, this week has a ton ... MBS RECAP: Scattered Positive Reprices after Stock Rout Stokes Bond Rally Banks Contemplate Higher Short Term Rates; Kroll Rolls Out Non-QM Pool Risk Measures Latest Video BofA's big math error March pending home sales up 3.4% CNBC Fed Survey: Ukraine/China impact More News from 'Around the Web' The Big Picture - 4:03PM States With the Biggest Infrastructure Need Market Watch - 3:10PM U.S. to pay off $79 billion in April-June quarter CNBC - 2:35PM Another good sign: Private profits soar WSJ - 1:06PM Vital Signs: Home Demand Picks Up in March Bloomberg - 11:25AM Investors Push for New Trustee Standards in Fannie-Freddie Bill - Bloomberg www.economy.com - 11:22AM How High Will U.S. Mortgage Rates Go? news.yahoo.com - 11:18AM Court to clarify process for rescinding mortgages www.lpsvcs.com - 10:49AM Black Knight Home Price Index Report: February 2014 Transactions CNBC - 10:43AM Fannie-Freddie wind-down bill in test WSJ - 10:43AM How Much Will Mortgage Rates Rise In Fannie, Freddie Overhaul? Market Watch - 10:43AM Bond Report: Treasurys retreat as big data week kicks off www.freddiemac.com - 9:50AM 4 Homeownership Myths That Refuse to Die finance.yahoo.com - 9:34AM Don't depend on housing to boost the economy now, 'housing recovery was a sham' finance.yahoo.com - 9:34AM Freddie Mac CEO says Senate housing bill risks market stability WSJ - 9:24AM Fed on Track to Hold Policy Steady, Mull Economic Puzzles WSJ - 9:22AM Mortgage-Loan Limits Hit Buyers In High-Cost Housing Markets CNBC - 9:03AM BofA to suspend previous capital plans www.gallup.com - 9:02AM Average U.S. Retirement Age Rises to 62 Bloomberg - 8:29AM Fannie-Freddie Fate Hangs on Senate Action This Week: Mortgages - Bloomberg Bloomberg - 8:29AM Mortgage Whistleblower Stands Alone as U.S. Won't Join Lawsuit - Bloomberg Today's Comments MBS Live Chat - 1:58PM "i just saw the fannie mae and freddie mac commercial..." MBS Live Chat - 1:59PM "Guess they are fighting for their survival...." MBS Live Chat - 2:08PM "Do you have a link for that commercial?..." MBS Live Chat - 2:28PM "you can see the commercial at www.unitedforhomeownership.com..." MBS Live Chat - 2:43PM "would anyone be offering 3.75%, with a 1% credit back to the borrower, on a VA Jumbo, $510k loan amount, 796 midscore?..." MBS Live Chat - 2:48PM "15 yr? ARM?..." MBS Live Chat - 2:49PM "nope, 30yr fixed, from Zillow!..." MBS Live Chat - 2:54PM "yes, 30 year fixed. i know a couple of lenders that are probably right there as well..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.40% +0.00 15 Yr FRM 3.46% -0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.15% -0.01 5/1 Yr ARM 3.23% +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 97.09 -0.22 30YR FNMA 3.5 101.14 -0.19 30YR GNMA 3.0 99.16 -0.09 30YR GNMA 3.5 102.45 -0.16 15YR FNMA 3.0 102.97 -0.09 15YR FNMA 2.5 100.31 -0.14 Treasuries Yield Change 2 YR 0.4378% +0.0039 5 YR 1.7462% +0.0180 10 YR 2.7004% +0.0327 30 YR 3.4817% +0.0373 Prices as of: 4/28/2014 4:05PM 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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