Daily Newsletter: Mortgage Rates Hit Highest Levels In Months; Court Ruling on Cordray Appointment

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30 Year Fixed 3.55%   +0.07 15 Year Fixed 2.88%   +0.07 10YR Treasury 1.95%   +0.0909 FNMA 30YR 3.5 105.58   -0.34 FNMA 15YR 2.5 104.98   -0.25 View Today's Rates

Friday January 25, 2013 Mortgage Rate Watch - 2:30PM Mortgage Rates Hit Highest Levels In Months, More Volatility Ahead Mortgage rates skyrocketed to their highest levels since August on Friday, both as a part of an ongoing move higher that began yesterday and more specifically in reaction to overnight ... MND NewsWire - 1:50PM Court Ruling Jeopardizes Cordray's Recess Appointment The U.S. Court of Appeals for the District of Columbia just ruled that three recess appointments made by President Barack Obama last year are constitutionally invalid . The Court ruled ... MND NewsWire - 11:02AM New Home Sales Fell in December, but Up Sharply in 2012 Sales of new homes fell in December, down 7.3 percent from November to a seasonally adjusted annual rate of 369,000. This is 8.8 percent higher than the December 2011 estimate of 339 ... MND NewsWire - 9:34AM Plan to Use Eminent Domain for Underwater Homes Abandoned Eminent Domain is no longer under consideration as a mortgage modification tool in San Bernardino County California . The County and two of its cities, Ontario and Fontana have announced ... MBS MID-DAY: Straightforward Sell-Off, Large And Unpleasant Eminent Domain Plans Dropped; NAR Report on Internet Home shopping; Flagstar Earnings - Stock Tumbles President Renominates Cordray as CFPB Director, Picks Former U.S. Attorney for SEC Hard Hit California Housing Market Rebounds as Home Values Rise Fannie Mae Economists see 2013 as a 'Transition to Normal' Housing Recovery Should Accelerate into 2013, if Washington Behaves Latest Video BofA's Moynihan on U.S. Lending, Housing, Economy New Home Sales Down 7.3% in December Yale's Shiller on U.S. Housing and Stocks More News from 'Around the Web' Bloomberg - 1:58PM BofA CEO Says Cleaning Countrywide Mess Like Mountain Climb With 250-Pound Pack www.usatoday.com - 12:20PM Appeals court strikes down Obama recess appointments; CFPB's Cordray Affected? business.time.com - 11:39AM Economist: Euro Crisis Could Erupt Again This Year WSJ - 11:39AM Geithner Says He Won't Be Next Fed Chairman CNBC - 10:53AM Home Builders Turn To Rental Apartments CNBC - 10:05AM New Home Sales Drop to 369,000 in December, Less Than Expected WSJ - 9:56AM Shiller Says Housing Still Is 'Somewhat Risky Investment' WSJ - 9:07AM Six Housing Forecasters Who Got Things Right in 2012 freddiemac.mwnewsroom.com - 8:39AM Freddie Mac Issues Monthly Volume Summary for December 2012 Today's Comments MBS Live Chat - 2:03PM "RTRS- WHITE HOUSE SAYS COURT DECISION HAS NO BEARING ON RICHARD CORDRAY APPOINTMENT, RULING LIMITED TO SINGLE CASE..." MBS Live Chat - 2:03PM "RTRS- WHITE HOUSE SAYS RESPECTFULLY BUT STRONGLY DISAGREE WITH COURT RULING AGAINST RECESS APPOINTMENTS TO NATIONAL LABOR RELATIONS BOARD..." MBS Live Chat - 1:54PM "REPRICE : 1:54 PM - Interbank Worse..." MBS Live Chat - 1:47PM "REPRICE : 1:47 PM - GMAC Worse..." MBS Live Chat - 1:45PM "REPRICE : 1:45 PM - Wells Fargo Worse..." MBS Live Chat - 1:36PM "REPRICE : 1:36 PM - Franklin American Worse..." MND NewsWire - 1:16PM "Court Rules Obama Recess Appointments Unconstitutional - The CFPB is up next. We as an industry have a DUTY to ignore all the rulings coming out of this UNCONSTITUTIONAL appointment - but, of course, we won't...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.55% +0.07 15 Yr FRM 2.88% +0.07 FHA 30 Year Fixed 3.28% +0.03 Jumbo 30 Year Fixed 3.76% +0.08 5/1 Yr ARM 3.04% +0.05 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.81% 1.00 -0.10 30 Yr. Fixed 3.54% 1.24 -0.08 MBA ** 30 Yr. Fixed 3.62% 0.43 +0.01 15 Yr. Fixed 2.87% 0.39 -0.01 30 Yr. Jumbo 3.85% 0.34 -0.03 30 Yr. FHA 3.40% 0.53 +0.01 5/1 ARM 2.61% 0.32 -0.05 Freddie Mac ** 30 Yr. Fixed 3.42% 0.70 +0.04 15 Yr. Fixed 2.71% 0.70 +0.05 1 Yr. ARM 2.57% 0.50 +0.00 5/1 Yr. ARM 2.67% 0.50 +0.00 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 3.0 103.45 -0.63 30YR FNMA 3.5 105.58 -0.34 30YR GNMA 3.0 104.45 -0.63 30YR GNMA 3.5 107.55 -0.36 15YR FNMA 3.0 104.98 -0.25 15YR FNMA 2.5 103.66 -0.33 Treasuries Yield Change 2 YR 0.2759% +0.0332 5 YR 0.8490% +0.0812 10 YR 1.9451% +0.0909 30 YR 3.1290% +0.0809 Prices as of: 1/25/2013 4:14PM 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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