Daily Newsletter: Case-Shiller Shows Home Prices Up 4.3%; LO Education Bank vs. Non-Bank

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30 Year Fixed 3.41%   +0.00 15 Year Fixed 2.75%   +0.00 10YR Treasury 1.75%   -0.0244 FNMA 30YR 3.5 106.48   +0.08 FNMA 15YR 2.5 105.47   +0.05 View Today's Rates

Wednesday December 26, 2012 MND NewsWire - 11:29AM Case-Shiller Shows Home Prices Up 4.3% From Year Earlier The S&P/Case-Shiller Home Price Indices (HPI) released this morning outstripped analysts expectations with strong increases in home prices over the 12 months ending in October. ... Pipeline Press - 10:56AM LO Education and Bank vs. Non-bank Requirements Under the SAFE Act; Are Foreclosure Prices Really Different? Are you really back at work, reading this? It is kind of hard to get back in the swing of things...so let's start with some estimates of the future from our very own Census Bureau. ... Mortgage Rate Watch - 12:57PM Mortgage Rates Mostly Unchanged, Markets Mostly Silent Mortgage rates remained essentially unchanged this week as markets are essentially still closed for the Christmas holiday. Technically, financial markets are open for business today ... MBS Commentary - 11:46AM MBS MID-DAY: Low Volume Rally As Stocks Slide MBS Live : MBS Morning Market Summary Equities were one of the only places that bond markets were going to get any sort of guidance today given the fact that economic data is inconsequential ... Home Retention Actions were Double Home Forfeitures in Q3 LPS Previews November Mortgage Performance Data Comments on Non-agency Modifications and Stated Loans; Investors Examine Who is Refinancing; A Buyer for Servicing HARP Market Share Dropped 18.5% in October, Despite Record Low Rates Latest Video Case-Shiller: Home Prices Up 4.3% in October Santelli: Rigid Ideology Hampers 'Cliff' Talks Closer to the Edge More News from 'Around the Web' Business Week - 3:20PM Cliff looms: Kicking the Can, Washington-style - Businessweek CNN - 8:35AM Payback time: Florida homeowners foreclosing on banks CNBC - 8:32AM US May Expand Mortgage Refinance Program: Report www.freddiemac.com - 8:23AM Freddie Mac: On the Home Front: A Year in Your Community Bloomberg - 11:14PM Radian Advances as Freddie Mac Extends Insurer's Approval Bloomberg - 9:15AM Fed Flummoxed by Mortgage Yield Gap Refusing to Shrink: Economy HUD - 2:02PM Mortgagee Letter 2012-28 Today's Comments MBS Live Chat - 11:00AM "At least for DURP, there was always an early-to-mid 2009 requirement. (see bottom of page 6: https://www.fanniemae.com/content/announcement/0904.pdf). That doesn't speak to RP though, so maybe that accounts for the different recollections. I couldn't find anything specifically referencing delivery date..." MBS Live Chat - 11:04AM "Thanks MG, that's possible. Yes it shows no date for RP in that grid. It was added the following year...." MBS Live Chat - 11:09AM "I would think the best way to reduce the GSE portfolio would be to allow repeat streamlines? I know I did some ofmthosemprior streamline programs and they were later HARP eligible. Those that closed in time..." MBS Live Chat - 11:12AM "I can't think of any reason that a pre-HARP refi of any kind wouldn't now be eligible for HARP due to dates/seasoning as long as it met the other criteria...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.41% +0.00 15 Yr FRM 2.75% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.61% +0.00 5/1 Yr ARM 3.01% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.91% 0.89 -0.12 30 Yr. Fixed 3.62% 1.22 -0.14 MBA ** 30 Yr. Fixed 3.50% 0.44 +0.03 15 Yr. Fixed 2.83% 0.26 -0.02 30 Yr. Jumbo 3.73% 0.29 -0.04 30 Yr. FHA 3.34% 0.54 +0.02 5/1 ARM 2.61% 0.36 -0.02 Freddie Mac ** 30 Yr. Fixed 3.37% 0.70 +0.05 15 Yr. Fixed 2.65% 0.70 -0.01 1 Yr. ARM 2.52% 0.40 -0.01 5/1 Yr. ARM 2.71% 0.70 +0.01 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 3.0 104.67 +0.08 30YR FNMA 3.5 106.48 +0.08 30YR GNMA 3.0 106.09 +0.06 30YR GNMA 3.5 108.50 +0.08 15YR FNMA 3.0 105.47 +0.05 15YR FNMA 2.5 104.47 +0.16 Treasuries Yield Change 2 YR 0.2700% +0.0000 5 YR 0.7596% -0.0127 10 YR 1.7511% -0.0244 30 YR 2.9224% -0.0218 Prices as of: 12/26/2012 4:31PM 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

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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. © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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