Daily Newsletter: Foreclosure Spikes Signal "Spring Cleaning"; Rates Finally Feelin' The Love; Cash Sales Decline; Purchase App Implications

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30 Year Fixed 3.78%   -0.01 15 Year Fixed 3.07%   -0.01 10YR Treasury 1.99%   -0.0175 FNMA 30YR 3.5 104.75   +0.25 FNMA 15YR 2.5 104.88   +0.13 View Today's Rates

Thursday February 12, 2015 MND NewsWire - 10:54AM Foreclosure Spikes Signal "Spring Cleaning" RealtyTrac says As the housing industry continues to recover we see occasional troublesome spikes in one statistic or another. RealtyTrac reported a couple of such statistics in its U.S. Foreclosure ... Mortgage Rate Watch - 5:02PM Mortgages Rates Finally Let the Love In Mortgage rates were feeling left out of the cheesy, obligatory, early February references to certain love-themed holidays. Markets hadn't shown rates any love for 8 straight business ... MND NewsWire - 10:56AM Cash Sales Decline as REO Sales Dwindle While all-cash sales continue to decline as a percentage of all home sales, in several states they still account for more than half of all residential sales transactions. CoreLogic ... MND NewsWire - 10:44AM Purchase Applications Suggest Rising New Home Sales Applications for mortgages to purchase newly construction homes increased by 29 percent in January. The Mortgage Bankers Association (MBA) said that based on this volume, which is not ... MBS RECAP: Heading Out at Best Levels After Shaking Off Post-Auction Weakness MBS MID-DAY: Bond Markets Improve After Data With Help From Europe New Products; Aurora Acquired; VA Recoupment Costs Questioned MBS Day Ahead: Action Packed Day: Important Econ Data, Final Auction, and More Euro-Schtick Latest Video Santelli: Rates reverse lower Robert Shiller warns on bonds European markets close: Monday deal? More News from 'Around the Web' CNBC - 4:32PM Shiller's warning to bond investors www.realtor.com - 4:32PM Home Prices Are Up, Supply Is Down—Expect Bidding Wars www.realtor.com - 3:15PM Here's Exactly What Millennials Want in Real Estate Google News - 3:14PM The five major forces driving down mortgage interest rates Bloomberg - 3:14PM Greece, Germany Said to Offer Compromises on Aid Terms - Bloomberg CNBC - 3:11PM Greece is simply 'too big to fail' CNBC - 1:53PM Fed should not raise rates: Summers Market Watch - 1:53PM ECB not pulling the plug on Greece just yet The Big Picture - 1:52PM Houses Keep Getting Bigger CNBC - 12:26PM What's up with Miami's condo conundrum? Bloomberg - 10:59AM First American Leads Title Insurer Rally on Home Refinancings - Bloomberg Market Watch - 10:59AM ECB raises limit on emergency funding for Greek banks: reports rss.nytimes.com - 10:41AM House of Cards: How Mortgage Fraud Made the Financial Crisis Worse WSJ - 10:41AM Houston Housing Market Losing Energy freddiemac.mwnewsroom.com - 10:40AM Mortgage Rates Move Higher on Strong Jobs Report CNBC - 8:50AM Jobless claims surprise to the upside Bloomberg - 8:48AM Bond Traders Vanishing as Liquidity Evaporates CNBC - 8:48AM Putin moves to pry Greece out of EU? CNBC - 8:48AM Retail sales drop more than expected CNBC - 8:47AM Bank repos drive foreclosure activity Today's Rates Best Execution Rate Change 30 Yr FRM 3.78% -0.01 15 Yr FRM 3.07% -0.01 FHA 30 Year Fixed 3.35% -0.03 Jumbo 30 Year Fixed 3.82% +0.00 5/1 Yr ARM 3.15% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 3.80% 0.29 -0.09 15 Yr. Fixed 3.10% 0.29 -0.06 30 Yr. Jumbo 3.86% 0.23 -0.02 30 Yr. FHA 3.66% 0.15 -0.05 5/1 ARM 2.87% 0.41 -0.07 Freddie Mac ** 30 Yr. Fixed 3.69% 0.60 +0.10 15 Yr. Fixed 2.99% 0.60 +0.07 1 Yr. ARM 2.42% 0.40 +0.03 5/1 Yr. ARM 2.97% 0.50 +0.15 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 3.0 101.89 +0.30 30YR FNMA 3.5 104.75 +0.25 30YR GNMA 3.0 102.81 +0.25 30YR GNMA 3.5 105.20 +0.27 15YR FNMA 3.0 104.88 +0.13 15YR FNMA 2.5 102.59 +0.06 Treasuries Yield Change 2 YR 0.6283% -0.0359 5 YR 1.4908% -0.0395 10 YR 1.9861% -0.0175 30 YR 2.5712% -0.0022 Prices as of: 2/12/2015 4:32PM 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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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