Daily Newsletter: Purchases Continue Taking Market Share; FICOs Trending Lower; Rates Sharply Higher; Foreclosures with Positive Equity

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30 Year Fixed 4.44%   +0.06 15 Year Fixed 3.49%   +0.07 10YR Treasury 2.72%   +0.0851 FNMA 30YR 3.5 100.69   -0.53 FNMA 15YR 2.5 102.66   -0.30 View Today's Rates

Thursday April 17, 2014 MND NewsWire - 9:53AM Purchases Continue Taking Market Share; FICOs Trending Lower Ellie Mae's Origination Insight Report said today that 40 percent of mortgage loans closed in March were originated for refinancing and 60 percent for home purchases. In February the ... Mortgage Rate Watch - 2:38PM Mortgage Rates Sharply Higher to End The Week Mortgage rates moved sharply higher today on a combination of factors including strong economic data, developments in Ukraine, and prevailing market momentum. That momentum risked turning ... MND NewsWire - 10:38AM Homes in Foreclosure Increasingly have Positive Equity Homes with serious negative equity numbers have now declined to the lowest point in at least two years RealtyTrac said today. The company, which began tracking so-called underwater ... MBS Commentary - 11:34AM MBS MID-DAY: Bond Markets Weaker After Economic Data Prompting Negative Reprices for Mortgage Rates Given the recent adherence to a sideways range in bond markets combined with today's economic data coming in stronger than expected, it's not surprising to see yields moving from a ... The Connection Between Financial Literacy, Millenials, and First Time Home Buyers No Big Spring Bounce for Housing Starts Business vs Consumer Purposes; Wells and Chase Numbers Reflect Industry Trends Latest Video The American Dream has changed Fifth Third CEO: Regulatory environment challenging Real progress in Geneva More News from 'Around the Web' Bloomberg - 2:52PM Fifth Third Bancorp Tumbles as Firm Lowers Earnings Expectations - Bloomberg Washington Post - 2:50PM The government can't agree if Fannie and Freddie will cost taxpayers $19 billion or make $181 billion Google News - 2:50PM USA Today: Mortgage reform roils Washington Bloomberg - 2:50PM Treasuries Fall Most in a Month as Ukraine Talks End in Accord - Bloomberg CNBC - 12:53PM Russia tries reassuring the West's money CNBC - 11:26AM Monetary policy can't save unemployed: Economist CNBC - 10:59AM Philly Fed factory activity up in April freddiemac.mwnewsroom.com - 10:58AM Fixed Mortgage Rates at Six Week Low www.philadelphiafed.org - 10:11AM Recent Economic Releases: April 2014 Business Outlook Survey CNBC - 10:01AM Wal-Mart launching money transfer service CNBC - 10:01AM Home Depot's new strategy: e-commerce CNBC - 9:59AM Citi got mixed signals on 'stress test' CNBC - 9:59AM Yup! The rich will get richer www.npr.org - 9:59AM Ukraine Crisis: Diplomats Meet, Putin Admits Russia's Role In Crimea S&P/Case Shiller - 9:07AM Properties Under Water at Lowest Level in Two Years blog.redfin.com - 9:07AM 15 Tips to Make Your Home More Green Reuters - 8:51AM Jobless claims rise less than expected www.gallup.com - 8:28AM Americans Sold on Real Estate as Best Long-Term Investment Reuters - 8:27AM Citi received mixed signals from the Fed on 'stress test': WSJ CNBC - 8:24AM Home price slowdown leaves millions underwater Today's Comments MBS Live Chat - 10:00AM "RTRS - PHILADELPHIA FED BUSINESS CONDITIONS APRIL 16.6 (CONSENSUS 10.0) VS MARCH 9.0..." MBS Live Chat - 10:28AM "mg, next support 2.68, 2.70?..." MBS Live Chat - 10:33AM "really, you could make a case for several different levels just overhead as we're getting into the central part of the range. Going by retracements, it's 2.68, moving averages, 2.686 for the popular 21-day exponential. 2.705 for the 121 day (6-month in terms of business days). At the end of the day,..." MBS Live Chat - 12:21PM "Not sure if this news was making rounds before it hit the wires, but this is another possible motivation for the 12:03pm spike: RTRS - RUSSIAN FOREIGN MINISTER LAVROV SAYS ALL SIDES AGREED TO TAKE STEPS TO DE-ESCALATE UKRAINE TENSION, INCLUDING REFRAINING FROM VIOLENCE..." MBS Live Chat - 12:32PM "Wow. Interbank is .625 off from this morning on the 15 year. Lock desk is closed so probably going to get even worse...." MBS Live Chat - 1:39PM "and so much for the death cross trade..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.44% +0.06 15 Yr FRM 3.49% +0.07 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.20% +0.05 5/1 Yr ARM 3.22% -0.03 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 4.27% 0.70 -0.07 15 Yr. Fixed 3.33% 0.60 -0.05 1 Yr. ARM 2.44% 0.50 +0.03 5/1 Yr. ARM 3.03% 0.50 -0.06 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 96.58 -0.58 30YR FNMA 3.5 100.69 -0.53 30YR GNMA 3.0 98.73 -0.44 30YR GNMA 3.5 102.14 -0.59 15YR FNMA 3.0 102.66 -0.30 15YR FNMA 2.5 99.98 -0.28 Treasuries Yield Change 2 YR 0.3993% +0.0283 5 YR 1.7309% +0.0779 10 YR 2.7206% +0.0851 30 YR 3.5168% +0.0656 Prices as of: 4/17/2014 2:05PM 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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