Daily Newsletter: Home Prices Post Largest Increase in Seven Years; Bill to Replace Cordray Introduced

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30 Year Fixed 3.61%   +0.04 15 Year Fixed 2.93%   +0.03 10YR Treasury 2.02%   +0.0559 FNMA 30YR 3.5 105.56   -0.14 FNMA 15YR 2.5 105.11   -0.08 View Today's Rates

Tuesday February 5, 2013 MND NewsWire - 10:58AM Home Prices Show Largest Annual Increase in Nearly Seven Years Home prices in December posted the largest annual increase in nearly seven years according to CoreLogic's Home Price Index (HPI) report. December was also the 10th consecutive month ... MND NewsWire - 9:59AM Senator Introduces CFPB Reform Bill to Replace Cordray with Five-Member Commission Senate Republicans have fired the first two shots in a renewed battle over the Consumer Financial Protection Bureau ( CFPB ). President Barack Obama recently submitted the name of Richard ... Mortgage Rate Watch - 2:15PM Abrupt Reversal For Markets Leaves Rates At Recent Highs Mortgage rates did a complete 180, reversing yesterday's improvement , and taking rates back in line with recent highs. That sounds fairly ominous, and in the sense that further weakness ... MND NewsWire - 3:42PM Bill Proposes End to Fed's Stimulus Role, Return to Single Mandate Two members of the Senate Banking Committee have introduced legislation which, if enacted, would severely restrict activities of the Federal Reserve Bank . Bob Corker (R-TN) and David ... MBS RECAP: Eerily Sideways Session After Starting Weaker VA IRRL Performance; Goverment Goes After Rating Agency; HARP 3 Chatter Details Emerge on DOJ Lawsuit Against S&P Over RMBS Ratings Senior Loan Officers Report Little Change in Standards as Demand Rises Soaking Up Shadow Inventory; KBW's Opinion of Gain on Sale Margins; Small Lenders to Increase Share? 2012 Origination Volume - Wow! IRS on Loan Modifications; Pulte Earnings Fannie Mae's Mortgage Portfolio Down 10.6% in 2012 Latest Video Housing Bubble Take 2? Santelli Exchange: DOJ Goes After S&P Why Bonds Are a Buy: Top Strategist More News from 'Around the Web' Bloomberg - 10:50AM Fed's Duke Says Stronger Housing Market to Spur Growth Market Watch - 5:05PM Rep. Waters asks for hearing on foreclosure review CNBC - 5:04PM Think the Bond Bull is Dead - Think Again Business Week - 4:40PM Bernanke Voiced Alarm Over Credibility of Ratings Firms Reuters - 2:05PM Fed's Bernanke to testify on monetary policy on February 26-27 CNBC - 2:00PM US Deficit to Grow by $7 Trillion Over the Next Decade: Congressional Budget Office freddiemac.mwnewsroom.com - 10:48AM Three New Freddie Mac Borrower Help Centers Open in Atlanta, Las Vegas, Los Angeles Metro Areas CNBC - 10:43AM A Housing Bubble ... Already? finance.yahoo.com - 9:37AM This Is Housing Bubble 2.0 Today's Comments MND NewsWire - 4:47PM "Makes perfect sense, which means it probably won't get very far through congress. What does monetary policy have to do with unemployment anyway, other than serve as a political scapegoat for members of congress not to make tough decisions that might jeopardize their chances of reelection...." MBS Commentary - 1:35PM "Ha I like the Karate Kid in the title--was thinking the same thing this morning...." MBS Live Chat - 1:35PM "did you guys get the memo on the Fixed HECM going away 4/1?..." MBS Live Chat - 1:36PM "Yes I did Tim, not a fan..." MBS Live Chat - 1:02PM "Perhaps the most interesting thing is the comparison between now and then with respect to US Treasuries ("then" being march/april 2012). The massive tightening in Greece's spreads coincided with our pop higher in yield (and an FOMC Announcement). Back then, we had Greece reverse course in a big way,..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.61% +0.04 15 Yr FRM 2.93% +0.03 FHA 30 Year Fixed 3.33% +0.03 Jumbo 30 Year Fixed 3.80% +0.03 5/1 Yr ARM 3.03% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.70% 1.16 -0.11 30 Yr. Fixed 3.47% 1.29 -0.07 MBA ** 30 Yr. Fixed 3.67% 0.42 +0.05 15 Yr. Fixed 2.95% 0.38 +0.08 30 Yr. Jumbo 3.95% 0.39 +0.10 30 Yr. FHA 3.48% 0.33 +0.08 5/1 ARM 2.60% 0.33 -0.01 Freddie Mac ** 30 Yr. Fixed 3.53% 0.70 +0.11 15 Yr. Fixed 2.81% 0.70 +0.10 1 Yr. ARM 2.59% 0.50 +0.02 5/1 Yr. ARM 2.70% 0.60 +0.03 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 3.0 103.27 -0.25 30YR FNMA 3.5 105.56 -0.14 30YR GNMA 3.0 104.38 -0.30 30YR GNMA 3.5 107.61 -0.17 15YR FNMA 3.0 105.11 -0.08 15YR FNMA 2.5 103.66 -0.11 Treasuries Yield Change 2 YR 0.2658% +0.0119 5 YR 0.8750% +0.0369 10 YR 2.0160% +0.0559 30 YR 3.2205% +0.0554 Prices as of: 2/5/2013 2:52PM 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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