Daily Newsletter: Record Low Mortgage Originations, but "Significant Opportunity to Grow"; Warmer Spring for Housing?; Rates Hit 3-Week Lows

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30 Year Fixed 4.44%   -0.04 15 Year Fixed 3.45%   -0.04 10YR Treasury 2.70%   -0.0308 FNMA 30YR 3.5 101.09   +0.30 FNMA 15YR 2.5 103.09   +0.14 View Today's Rates

Monday April 7, 2014 MND NewsWire - 12:22PM Despite Record Low Mortgage Originations, "Significant Opportunity to Grow" Black Knight Financial Services said that mortgage originations at the end of February were at the lowest levels in at least 14 years , as far back as the company has kept records. ... MND NewsWire - 11:00AM Scorecard Shows Home Price Recovery Ahead of Projections The Obama Administration's February Housing Scorecard, just released, harkens back to those not so thrilling days of yesteryear, using data from several sources to contend that the ... MND NewsWire - 1:30PM Fannie Survey Hints at Warmer Spring for Housing Fannie Mae sees results from its most recent National Housing Survey (NHS) as possibly portending a pickup in home buying and selling activity this spring. Results of the survey show ... Mortgage Rate Watch - 3:19PM Mortgage Rates Continue to 3-Week Lows Mortgage rates fell again today, bringing them to levels not seen since March 18th for many lenders. While there was no significant economic data today, rates benefited in part from ... HAMP Challenges; State and Lender updates; Is Flood Relief on the Way? Energy States Continue to Dominate Leading Markets MBS Week Ahead: Reflecting on Range, QE, and FOMC Changes Latest Video Mortgage originations & the first time home buyer New mortgages hit 14-year low Why unemployment numbers are so confusing More News from 'Around the Web' CNBC - 4:09PM Government isn't hindering the recovery: Insana WSJ - 4:09PM Women Have Recovered Jobs Lost in Recession, Men Haven't Realtor.Org - 3:44PM NAR: Many FHA Documents Can Now Be Signed Electronically WSJ - 3:43PM Homebuyer Traffic in March Was Down From Last Year CNBC - 3:23PM Consumer credit rose $16.49 billion in February, beating estimates of a $14.09 billion increase finance.yahoo.com - 2:45PM New group wants investors protected in Fannie, Freddie wind-down blog.redfin.com - 2:19PM 5 Ways to Up Your Home's Spring Curb Appeal Reuters - 1:53PM Bank of America, QBE to settle insurance lawsuit for $228 million American Bankers Assoc. - 1:02PM New Mortgage Rules Restrict Credit Availability: ABA Survey CNBC - 1:02PM Bond death cross looms: What it may mean CNBC - 1:02PM Divided housing recovery is all for the 'haves' CNN - 11:46AM Senate to extend jobless benefits CNBC - 11:46AM Here come the wintery earnings excuses Fannie Mae - 10:48AM Fannie Mae: Housing Activity Loses Some Steam, But Positive Signs Crop Up NAHB - 10:48AM Latest NAHB Index Reading Shows Recovery Continues to Spread www.cfpbmonitor.com - 9:25AM House to hold hearing on economic consequences of actions taken by CFPB and other federal regulators www.lpsvcs.com - 9:12AM Black Knight's February Mortgage Data: Monthly Loan Originations Lowest on Record Bloomberg - 8:29AM Fannie-Freddie Elimination Model in Apartments: Mortgages - Bloomberg CNBC - 8:26AM Tech stock sell-off weighs on US futures Today's Comments MBS Live Chat - 9:25AM "So many complicated pieces to this. I don't see how the Fed gets out of ZIRP without inflicting pain...." MBS Live Chat - 9:47AM "I like our exponential graph this morning..." MBS Live Chat - 12:41PM "Anyone ever get a call from a company called IGM asking to place you on the 1st page of any BING or YAHOO mortgage loan search for "your area"?..." MBS Live Chat - 12:42PM "DANGER, HUGH, DANGER. Those folks deliver NOTHING!!..." MBS Live Chat - 12:44PM "I get so many solicitation calls, its ridiculous..." MBS Live Chat - 12:51PM "Boy, from my Real Time Chart on the left to my Real Time Pricing Box in the middle to my Live Chat box on the right it's nothing but GREEN from left to right! Nice..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.44% -0.04 15 Yr FRM 3.45% -0.04 FHA 30 Year Fixed 4.00% -0.05 Jumbo 30 Year Fixed 4.21% -0.03 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 4.56% 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 97.00 +0.25 30YR FNMA 3.5 101.09 +0.30 30YR GNMA 3.0 98.81 +0.28 30YR GNMA 3.5 102.39 +0.20 15YR FNMA 3.0 103.09 +0.14 15YR FNMA 2.5 100.47 +0.13 Treasuries Yield Change 2 YR 0.3988% -0.0158 5 YR 1.6775% -0.0247 10 YR 2.6953% -0.0308 30 YR 3.5548% -0.0323 Prices as of: 4/7/2014 4:11PM 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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