Daily Newsletter: Mortgage Rates at 7 Month Highs; Origination Statistics; Permits and Starts at 5 Year High

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30 Year Fixed 3.64%   +0.02 15 Year Fixed 2.96%   +0.02 10YR Treasury 2.01%   -0.0156 FNMA 30YR 3.5 105.20   0.00 FNMA 15YR 2.5 104.95   +0.02 View Today's Rates

Wednesday February 20, 2013 Mortgage Rate Watch - 4:53PM Mortgage Rates Inch To New 7 Month Highs Mortgage rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the day just barely into their worst levels ... MND NewsWire - 11:59AM FHA Market Share Continues to Ease, Refinancing at Recent Highs The share of refinancing relative to all mortgage originations increased sharply in January, rising from 69 percent the previous month to 73 percent while purchase applications hit ... MND NewsWire - 11:41AM Building Permits and Single Family Starts at 5 Year Highs Despite Multi-Family Slump The Department of Housing and Urban Development (HUD) and the Census Bureau said this morning that permits for residential construction were issued at a seasonally adjusted annual rate ... Pipeline Press - 11:31AM Letter on CFPB Exams; Good Site for Bank Research; Bank M&A Continues; Purchase Loans Cost More than Refis?! I am in Kansas today. Before the congratulatory e-mails flood in, I mention this because I flew here. (In an airplane.) Per our very own Transportation Security Administration, TSA ... MBS RECAP: Today's Battle Won, Longer Term War Far From Over Mortgage Application Volume Dips Again as Rates Move to Five Month Highs HARP 2.0 Reaches 1 Million Milestone Home Builder Confidence in Holding Pattern at 6 Year High Study Finds Substantial Misrepresentations in RMBS GMAC Channels Join ClearPoint in Big Changes; Basel III Concerns Alive and Well; Mortgage Jobs Senators Push for QRM Matching Dodd-Frank Intent REITs Roar; Wells Moving Out of Joint Ventures, into Europe; Two Industry Questions Worth Pondering Housing Seen as Emerging Bright Spot by Freddie Mac Economists Latest Video PPI Up 0.2% & Housing Starts Down 8.5% in January Will Housing Boost Market Mojo? Santelli: What's Blocking Housing Recovery? More News from 'Around the Web' House Financial Services - 7:39PM Financial Services Committee to Receive Fed Chairman's Monetary Policy Report CNBC - 5:01PM Fed Talk on Slowing QE Hits Stocks Bloomberg - 4:48PM Primary Dealers Play Shrinking Role at Treasury Auctions Bloomberg - 4:01PM JPMorgan Unit Asks Court to Toss Credit Union Regulator's Suit Business Week - 3:42PM JPMorgan Said to Seek First Sale of Mortgage Bonds Since Crisis Federal Reserve - 3:41PM Minutes of the Federal Open Market Committee, January 29-30, 2013 Business Week - 11:53AM Merkel Says Euro Has 'Long Way' to Go Before Crisis Is Overcome www.csbs.org - 11:50AM CSBS Statement on CFPB Mortgage Servicing Transfer Bulletin CNBC - 11:49AM How Sequestration Cuts May Pummel Housing CNBC - 10:05AM Pisani: Is Housing Slowing Down? www.aia.org - 10:04AM Strong Surge for Architecture Billings Index Bloomberg - 10:03AM Limited Mortgage Finance Role for U.S. Government Gains Support Today's Comments MBS Live Chat - 2:35PM "I don't know but the highlights from the minutes don't seem so daunting...." MBS Live Chat - 2:35PM "The fact we did not break the recent range to the wrong side is a major victory for rates..not great for economic indicator...." MBS Live Chat - 2:28PM "10's stuck between 1.92 - 2.05. I wonder what's going to be the headline to make it jump out of this range (lower of course!) because the data doesn'y seem to matter anymore...." Recent Q & A "Does the seller's mortgage payment remain the same during a short sale?" "My ex husband wants to refinance. Can he do this without my signature?" "how to remodel if not enough in equity to do what you want" Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% +0.02 15 Yr FRM 2.96% +0.02 FHA 30 Year Fixed 3.36% +0.02 Jumbo 30 Year Fixed 3.83% +0.02 5/1 Yr ARM 3.04% +0.01 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 3.75% 0.43 +0.02 15 Yr. Fixed 3.01% 0.28 +0.01 30 Yr. Jumbo 3.98% 0.36 +0.02 30 Yr. FHA 3.53% 0.39 +0.00 5/1 ARM 2.66% 0.31 -0.06 Freddie Mac ** 30 Yr. Fixed 3.53% 0.80 +0.00 15 Yr. Fixed 2.77% 0.80 +0.00 1 Yr. ARM 2.61% 0.30 +0.08 5/1 Yr. ARM 2.64% 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 3.0 102.81 +0.06 30YR FNMA 3.5 105.20 0.00 30YR GNMA 3.0 103.94 +0.02 30YR GNMA 3.5 107.08 -0.05 15YR FNMA 3.0 104.95 +0.02 15YR FNMA 2.5 103.47 +0.03 Treasuries Yield Change 2 YR 0.2621% -0.0121 5 YR 0.8620% -0.0227 10 YR 2.0104% -0.0156 30 YR 3.1991% -0.0074 Prices as of: 2/20/2013 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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