Daily Newsletter: Tight Supply Blamed for Weaker Pending Home Sales; Regulators Eye Social Media

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30 Year Fixed 3.61%   +0.06 15 Year Fixed 2.93%   +0.05 10YR Treasury 1.97%   +0.0252 FNMA 30YR 3.5 105.50   -0.06 FNMA 15YR 2.5 104.94   -0.06 View Today's Rates

Monday January 28, 2013 MND NewsWire - 10:49AM Tight Supply Blamed for Weaker Pending Home Sales Even though contract signings declined in December it was the 20 th straight month where pending home sales increased on an annual basis. The National Association of Realtors® ... Pipeline Press - 11:50AM Social Media Guidance from Federal Regulators; DAP Changes; Regional Events and Mortgage Jobs "I have a switch in my apartment that doesn't do anything. Every once in a while I turn it on and off. One day I got a call from a guy in France who said, "Cut it out!" Knowing what ... Mortgage Rate Watch - 2:26PM Mortgage Rates Continue Pushing Multi-Month Highs Mortgage rates moved sharply higher again on Monday, in a continuation of Friday's aggressive weakness ( Get Caught Up With Friday's Big Moves ). Rates were already well into multi ... MND NewsWire - 3:02PM SEC Charges Former Jefferies Director with MBS-Related Fraud The managing director of the mortgage-backed securities (MBS) desk at Jefferies and Co. has been charged with fraud for allegedly lying about the origin and history of MBS he was selling ... MBS RECAP: Steady Climb Back From AM Weakness The Week Ahead: About as Busy and as Serious as Possible Court Ruling Jeopardizes Cordray's Recess Appointment 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' Latest Video Confidence In Housing Market? Pending Home Sales Down in 4.3% in December Feds Boost Exec Pay Packages More News from 'Around the Web' Market Watch - 2:55PM Treasury OK'd 'excessive' TARP CEO pay: watchdog Market Watch - 2:42PM Fed to release big bank stress tests March 7 Bloomberg - 1:59PM Wells Fargo Adapts Mortgage Pay to Reward Speed and File Quality SEC - 1:57PM SEC Charges Former Jefferies Executive with Defrauding Investors in Mortgage-Backed Securities Bloomberg - 12:13PM OCC Chief Says Reviving Mortgage Securitization Is Recovery Key Google News - 10:15AM Pending Home Sales Down in December but Remain on Uptrend Bloomberg - 8:11AM Fannie Adds Bailout For Underwaters Walkaways Washington Post - 10:53PM Why rising house prices could be great for American consumers The Huffington Post - 10:51PM President Obama's Unfinished Business on Housing Today's Comments MBS Live Chat - 3:28PM "plaza repriced about .25 better..." MBS Live Chat - 3:14PM "REPRICE : 3:14 PM - Interbank Better..." MBS Live Chat - 2:44PM "REPRICE : 2:44 PM - Caliber Funding Better..." MBS Live Chat - 1:58PM "Bloomberg - http://www.bloomberg.com/news/2013-01-28/u-s-stock-futures-little-changed-before-durable-goods.html The S&P 500 has rallied 5.3 percent this month, poised for the best start of a year since 1987. Pension funds may need to sell stocks and buy fixed income to rebalance their asset allocations..." MBS Commentary - 12:04AM "It's funny--4 years ago before I really understood "GUTFLOP" and thought I was a fledgling bond analyst (before MBS was an acronym I even knew) a day like today would have had me cursing and depressed and angrily looking for the black cloud to kill the silver lining of better than expected global or..." MND NewsWire - 4:22PM "The industry needs to take the momentum from this court decision and ignore all rulings from the CFPB. Time to push back on unconstitutional violations of our liberties and freedoms...." Recent Q & A "Primary Home refinanced October, Buying new home now. Cant get another "primary" loan." "Will my credit score be affected by 2 mortgage loan applications and a HELOC?" "How to fill out a GFE correctly?" Today's Rates Best Execution Rate Change 30 Yr FRM 3.61% +0.06 15 Yr FRM 2.93% +0.05 FHA 30 Year Fixed 3.33% +0.05 Jumbo 30 Year Fixed 3.80% +0.04 5/1 Yr ARM 3.04% +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 3.62% 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 3.0 103.41 -0.06 30YR FNMA 3.5 105.50 -0.06 30YR GNMA 3.0 104.38 -0.08 30YR GNMA 3.5 107.47 -0.06 15YR FNMA 3.0 104.94 -0.06 15YR FNMA 2.5 103.58 -0.09 Treasuries Yield Change 2 YR 0.2802% +0.0043 5 YR 0.8703% +0.0229 10 YR 1.9703% +0.0252 30 YR 3.1495% +0.0213 Prices as of: 1/28/2013 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

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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