Daily Newsletter: Existing Homes Sales Post First 2014 Increase; Mortgage Banking Profits Hit Hard in 2013; Rates Staying Near 2014 Lows; Distressed Sales Improving

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30 Year Fixed 4.16%   +0.00 15 Year Fixed 3.28%   +0.00 10YR Treasury 2.55%   +0.0179 FNMA 30YR 3.5 102.47   -0.06 FNMA 15YR 2.5 103.81   -0.03 View Today's Rates

Thursday May 22, 2014 MND NewsWire - 11:21AM Existing Homes Sales Post First 2014 Increase There were stirrings of a spring market in April as both existing home sales and the inventory of available homes increased. The National Association of Realtors® (NAR) said that ... MND NewsWire - 12:45PM Mortgage Banking Profits Hit Hard in 2nd Half of 2013 Mortgage banks had what the Mortgage Bankers Association (MBA) termed "respectable" production profits in 2013 , even though they were dramatically lower than in 2012 and declined precipitously ... Mortgage Rate Watch - 2:58PM Mortgage Rates Staying Flat Near 2014 Lows Mortgage rates , once again, are ending the day essentially unchanged compared to the previous day. Morning rate sheets were in stronger territory, in some cases approaching those seen ... MND NewsWire - 10:47AM Distressed Loan Data Improving; Signs of Life for Refinances While prepayment rates have plummeted since last year they did show some signs of life in April Black Knight Financial Services said today. While their "First Look" at mortgage data ... Fastest Growing Cities in the US; Gag Rule in Loan Servicing; Lender & Vendor Updates MBS MID-DAY: Mostly Holding Yesterday's Gains, Still Outperforming Treasuries Latest Video Santelli Exchange: FHFA vs. Congress Core issues with housing Cashin: Fed in 'puzzling place' with housing More News from 'Around the Web' The Huffington Post - 3:21PM The Central Contradiction of Capitalism that Piketty Overlooked Calculated Risk Blog - 3:17PM Employment Scars of the Housing Bust CNBC - 2:25PM This is a ticking time bomb for banks The Atlantic - 2:23PM The Racist Housing Policy That Made Your Neighborhood Bloomberg - 2:16PM Blackstone Pays Up to Sell Almost $1 Billion of Rental Bonds - Bloomberg CNBC - 12:19PM Condo sales surge ahead of single-family homes CNBC - 11:31AM Wells CEO: American Dream will die, unless... WSJ - 10:53AM Why Housing Isn't As Cheap as It Looks CNBC - 10:30AM Existing home sales rebound, inventory increases freddiemac.mwnewsroom.com - 10:29AM Fixed Mortgage Rates Near Seven Month Low Heading Into Memorial Day Weekend WSJ - 9:59AM Why Overhauling Fannie Mae and Freddie Mac Needs Congress www.lpsvcs.com - 9:58AM Black Knight Financial Services' "First Look" at April 2014 Mortgage Data Market Watch - 9:05AM Treasurys cut losses after jobless claims Reuters - 9:04AM Jobless claims rise; still close to pre-recession level rss.nytimes.com - 8:27AM Real Estate and the Recovery: Rent or Buy? The Math Is Changing CNBC - 8:24AM Wall Street to eye initial claims, home sales CNBC - 8:23AM US bonds decline after Fed reassures on rate hike Today's Comments MND NewsWire - 6:28PM "The length of time homes are in foreclosure has almost doubled in the past few years. It's creating perverse incentives in the market. For example, in some of the tighter markets out west like Las Vegas there is the concept of shadow inventory. There are so many homes in foreclosure process that it's..." MND NewsWire - 5:39PM "and how good are these figures anyway? How many houses have been bought by "Funds" designed strictly to buy up homes, fed cheap money to do so, all for the purpose of propping up the value of the Banks REO properties? Those aren't your normal home buyers you know. And what the numbers also don't tell..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.00 15 Yr FRM 3.28% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.96% +0.01 5/1 Yr ARM 3.23% +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 4.33% 0.20 -0.06 15 Yr. Fixed 3.43% 0.15 -0.05 30 Yr. Jumbo 4.24% 0.10 -0.05 30 Yr. FHA 4.06% 0.00 -0.03 5/1 ARM 3.14% 0.29 -0.03 Freddie Mac ** 30 Yr. Fixed 4.14% 0.60 -0.06 15 Yr. Fixed 3.25% 0.50 -0.04 1 Yr. ARM 2.43% 0.40 +0.00 5/1 Yr. ARM 2.96% 0.40 -0.05 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 98.28 -0.08 30YR FNMA 3.5 102.47 -0.06 30YR GNMA 3.0 100.03 -0.13 30YR GNMA 3.5 103.59 -0.05 15YR FNMA 3.0 103.81 -0.03 15YR FNMA 2.5 101.31 0.00 Treasuries Yield Change 2 YR 0.3466% +0.0040 5 YR 1.5441% +0.0180 10 YR 2.5517% +0.0179 30 YR 3.4252% +0.0101 Prices as of: 5/22/2014 3:50PM 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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