Daily Newsletter: Real Estate Web Searches Climb 253%; LO W2's vs. 1099; Rates Improve

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30 Year Fixed 3.48%   -0.03 15 Year Fixed 2.82%   -0.03 10YR Treasury 1.86%   -0.0389 FNMA 30YR 3.5 106.23   +0.06 FNMA 15YR 2.5 105.53   +0.08 View Today's Rates

Tuesday January 8, 2013 MND NewsWire - 10:46AM Real Estate Web Searches Climb 253% in Four Years as 90% of Homebuyers Use Internet as Primary Research Home-shopping consumers are not only exponentially increasing their reliance on the Internet but are also developing distinct patterns for using it in their housing searches. Google ... Pipeline Press - 11:13AM More on the Multi-billion Dollar Settlement; Thoughts on LO's W-2 vs. 1099 There are so many statistics out there it makes one's head spin. For example, for the nation's 115 million occupied homes: The median year these homes were built was 1974 , with owner ... Mortgage Rate Watch - 1:58PM Mortgage Rates Improve On Average, But Not For Every Lender Mortgage rates continued to inch lower on average after rising to the highest levels since September at the end of last week. There were no significant market moving events behind the ... MBS Commentary - 4:17PM MBS RECAP: Another Uneventful Session Leaves MBS Slightly Improved MBS Live : MBS Afternoon Market Summary Bond markets continue rebuilding from the wreckage they woke up to on Friday morning. A great majority of that rebuilding effort was undertaken ... List of Improving Housing Markets Reaches 242 in December Confidence in Housing Market Grows, Despite Fiscal Cliff Turmoil Bank of America to Pay Fannie Mae $3.6B to Resolve Repurchase Issues QM Rules Released by CFPB this Week? Good News on Basel III; More Mortgage Jobs Realtors Report Multiple Offers, Quick Sales but Continuing Appraisal and Credit Issues New HUD Research Tool Offers a Wealth of Housing Data Latest Video Santelli: How Much Damage Has the Fed Done? Outlook 2013: Hope Springs in Housing Market No 'Full-Blown' Housing Recovery: Quicken CEO More News from 'Around the Web' Market Watch - 3:07PM CFPB Expected to Finalize QM Rules Thursday Business Week - 2:31PM Vegas home prices shoot up 24 percent in 1 year Bloomberg - 2:30PM Fannie Mae, Freddie Mac Sued by Maryland County for Unpaid Taxes SIFMA - 2:26PM Tim Ryan to Depart SIFMA House Oversight - 2:25PM Cummings Issues Statement on Potential AIG Lawsuit Against the Government Bloomberg - 12:53PM Even Fannie Mae's CEO Thinks the Company Is Too Big Washington Post - 11:38AM AIG considers suing government for bailing it out, world implodes in on itself Reuters - 11:37AM Exclusive - Bank of America to sell rights on $100 billion in mortgages: sources Today's Comments MBS Live Chat - 2:49PM "According to the Bloomberg article on Fannie's CEO, Fannie Mae had $9.7 Billion net income for the first 3 quarters of 2012...more than their entire history...." MBS Live Chat - 2:47PM "My point to the underwriter is that he is only taking for example 50% of income and 50% of expenses, however we are bashing those figures up against 100% PITI which is making his paper losses 3 x times his actual losses...." MBS Live Chat - 2:47PM "Thomas, I have a scenario in which they are looking at the rent schedule on corporate returns and even though the borrower is not on the financing or title of some of the other properties they are taking the total payment and considering the other properties financed properties for the max of 4 financed..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.48% -0.03 15 Yr FRM 2.82% -0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.68% -0.03 5/1 Yr ARM 2.96% +0.00 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 3.50% 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 3.34% 0.70 -0.01 15 Yr. Fixed 2.64% 0.60 -0.01 1 Yr. ARM 2.57% 0.40 +0.01 5/1 Yr. ARM 2.71% 0.60 +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 3.0 104.39 +0.14 30YR FNMA 3.5 106.23 +0.06 30YR GNMA 3.0 105.69 +0.16 30YR GNMA 3.5 108.14 +0.05 15YR FNMA 3.0 105.53 +0.08 15YR FNMA 2.5 104.39 +0.08 Treasuries Yield Change 2 YR 0.2559% -0.0116 5 YR 0.7789% -0.0321 10 YR 1.8638% -0.0389 30 YR 3.0620% -0.0395 Prices as of: 1/8/2013 4:30PM 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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