Daily Newsletter: No Big Spring Bounce for Housing Starts; Rates Higher Today, but Still Near Recent Lows; Mortgage Apps Improve

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30 Year Fixed 4.38%   +0.02 15 Year Fixed 3.42%   +0.02 10YR Treasury 2.64%   +0.0072 FNMA 30YR 3.5 101.22   -0.08 FNMA 15YR 2.5 102.98   -0.08 View Today's Rates

Wednesday April 16, 2014 MND NewsWire - 12:10PM No Big Spring Bounce for Housing Starts Two of the three measures of residential construction activity used by the Census Bureau fell slightly in March. Fewer permits were issued and fewer homes reached completion than in ... Mortgage Rate Watch - 1:43PM Mortgage Rates Slightly Higher, but Remain Near Recent Lows Mortgage rates were slightly highe r today as investors continued to pull back from yesterday's geopolitically motivated buying spree. Tensions in Ukraine had created a short term spike ... MND NewsWire - 9:20AM Surge in Federal Home Loan Bank Borrowing by 4 Biggest Banks Use of secured loans or advances from the 12 Federal Home Loan Banks (FHLBanks) by their four largest members has surged over the last two years. The primary mission of the FHLBanks ... MND NewsWire - 7:00AM Mortgage Applications Reverse 5 Week Slide Mortgage applications reversed a five week slide during the week ended April 11 as applications for both purchasing and refinancing increased from levels the previous week. The Mortgage ... Business vs Consumer Purposes; Wells and Chase Numbers Reflect Industry Trends MBS RECAP: Sharply Sideways Day for Bond Markets Latest Video Here's what's driving interest rates: Santelli March housing starts up 2.8% Cashin says 10-year yield ultimate market test More News from 'Around the Web' Market Watch - 4:00PM Banks should not own physical assets: senators WSJ - 3:19PM We Read It So You Don't Have To: 10 Beige Book Gems Reuters - 3:07PM Bank of America's mortgage crisis costs become a recurring problem CNBC - 3:06PM The deficit is shrinking! Anyone care? CNBC - 3:06PM Chart of the day: US natural gas use CNBC - 2:27PM Beige Book: Economy rebounds from weather declines CNBC - 2:27PM Intel CEO: Consumer business stabilizing Reuters - 1:52PM Exclusive: Bank of America in talks with U.S. on probe of Merrill - sources www.fool.com - 1:35PM What Does the Crisis In Ukraine Have to Do With Mortgage Rates in America? CNBC - 12:56PM Art Cashin: The selloff might be over CNBC - 12:50PM Yellen: Rates to remain low for 'considerable time' S&P/Case Shiller - 11:47AM Lackluster Housing Numbers time.com - 10:44AM Bank of America Earnings Hit By Mortgage-Related Legal Fees blog.redfin.com - 10:24AM Housing Market Soft in March with Price Growth Slowing to Single Digits and Sales Down 11.6% CNBC - 10:16AM Rising rates will sting consumers Market Watch - 10:16AM Fed's Lockhart sees first rate hike after mid-2015 CNBC - 10:15AM Manufacturing extends win streak in Mar. Reuters - 8:55AM U.S. housing starts rise less than expected, permits fall Today's Comments MBS Live Chat - 12:14PM "So is this where be bounce off of 2.6 and head higher to 2.8 going into NFP next month?..." MBS Live Chat - 12:19PM "I am hoping this is where we bounce off of 2.66 and move back to lower end of range of 2.60..." MBS Live Chat - 12:20PM "feels like a soap opera cliff-hanger. "Find out next week!"..." MBS Live Chat - 12:33PM "any advice DU or LP - 95% with monthly MI, good reserves, low DTI, 753 and 784 middles, BUT last active account reported 10/13 - all ZEROs..." MBS Live Chat - 12:51PM "my vote is LP if the scores are higher..." MBS Live Chat - 12:51PM "I like LP since they have reserves...." MBS Live Chat - 12:53PM "mgic will also take findings subject to 3 overlays..." MBS Live Chat - 12:53PM "http://www.mgic.com/go/index.html..." MBS Live Chat - 12:53PM "I just breezed thru Yellen's speech......Gives you some insight I think...." MBS Live Chat - 1:00PM "My takeaway is Yellen is quite confident that QE definitely helped employment. Yet, she also thinks significant "slack" exists and full employment is still a couple of years down the road. My guess is she would be be gung ho ready to turn the QE tap back on if she felt progress stalled on the growth..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.38% +0.02 15 Yr FRM 3.42% +0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.15% +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 4.47% 0.32 -0.09 15 Yr. Fixed 3.54% 0.24 -0.08 30 Yr. Jumbo 4.39% 0.18 -0.10 30 Yr. FHA 4.14% 0.06 -0.05 5/1 ARM 3.15% 0.41 -0.11 Freddie Mac ** 30 Yr. Fixed 4.34% 0.70 -0.07 15 Yr. Fixed 3.38% 0.60 -0.09 1 Yr. ARM 2.41% 0.50 -0.04 5/1 Yr. ARM 3.09% 0.50 -0.03 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 97.16 -0.08 30YR FNMA 3.5 101.22 -0.08 30YR GNMA 3.0 99.17 -0.11 30YR GNMA 3.5 102.69 -0.09 15YR FNMA 3.0 102.98 -0.08 15YR FNMA 2.5 100.30 0.00 Treasuries Yield Change 2 YR 0.3710% +0.0000 5 YR 1.6530% +0.0347 10 YR 2.6355% +0.0072 30 YR 3.4487% -0.0124 Prices as of: 4/16/2014 4:03PM 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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