Daily Newsletter: Mortgage Rates Recover; Housing Bright Spot; Who Owns 10K Homes?

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30 Year Fixed 3.61%   -0.02 15 Year Fixed 2.93%   -0.02 10YR Treasury 2.00%   -0.0294 FNMA 30YR 3.5 105.27   +0.25 FNMA 15YR 2.5 104.89   +0.11 View Today's Rates

Thursday February 14, 2013 Mortgage Rate Watch - 3:18PM Mortgage Rates Recover Modestly After Treasury Auction Mortgage rates moved slightly lower this afternoon after beginning the day in line with yesterday's worst levels of the year. Things looked relatively bleak as domestic market participants ... MND NewsWire - 4:30PM Housing Seen as Emerging Bright Spot by Freddie Mac Economists Even with the unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of 2012, Freddie Mac's chief economist Frank E. Nothaft , and deputy chief Leonard Kiefer ... Pipeline Press - 11:40AM Who Owns 10,000 Houses? Finance Industry and Cybersecurity; QM's Impact on Volumes 7 Years from Now While I sit here kicking myself for not owning the stock in catsup maker Heinz (up 20% this morning because of being purchased by Berkshire Hathaway), I managed to remember that it ... MND NewsWire - 11:04AM Foreclosure Activity Drops Sharply Thanks to New California Law Foreclosure activity in much of the nation now appears to be accelerating downward, dropping 7 percent in a single month according to RealtyTrac. Foreclosure filings nationwide - default ... MBS RECAP: Healthy Bounce Before And After 30yr Auction SOTU Prompts Positive Reactions from Industry Groups FHA's Galante Asks Congress For Increased Authority To Hold Lenders Accountable CPFB Announces Implementation Plan to Help Lenders Comply FHFA Ruling on Forced Placed Insurance Criticized by Consumer Groups All-cash Buying on the Rise While Delinquencies Drop; Nevada wants to do what? Mortgage Applications Fall as Key Rates Reach Five Month Highs Credit Bureau Association Disputes 60 Minutes Contentions of 40 Million Errors Latest Video Power House: Las Vegas' Housing Market Santelli's Midday Bond Report Santelli Explains Currency Manipulation More News from 'Around the Web' NAFCU - 4:34PM NAFCU hails new Royce-McCarthy MBL bill investors.flagstar.com - 1:41PM Flagstar Sells DocVelocity to Capsilon Market Watch - 1:03PM Sen. Warren: Too-big-to-fail is too-big-for-trial Market Watch - 1:02PM Low inflation may allow longer QE: Fed's Bullard The Big Picture - 1:01PM Underwater & Drowning? Mortgages Targeted by Eminent Domain CNBC - 12:35PM Housing Recovery to Boost Jobs: Goldman Sachs WSJ - 12:35PM Housing Inventory, Already Low, Dropped Further in January House Financial Services - 10:52AM Hensarling Statement on FHA Being Added to "High Risk" List by GAO freddiemac.mwnewsroom.com - 10:06AM Freddie Mac: 30-Year Fixed-Rate Mortgage Unchanged for Third Consecutive Week Business Week - 8:17AM Housing Industry Looks to Obama to Soften Mortgages CRL - 8:15AM FHA Plays a Critical Housing Role Washington Post - 11:08PM HUD's oversight of housing-construction program lagging, audit finds Today's Comments MND NewsWire - 3:34PM "The idea that there are only 1 or 2 percent of credit reports with material inaccuracies is amusing. I guess it depends on the definition of a material inaccuracy but in my ten years experience it's a far higher percentage...." MBS Live Chat - 2:37PM "REPRICE : 2:37 PM - Freedom Mortgage Better..." MBS Live Chat - 2:36PM "REPRICE : 2:36 PM - Wells Fargo Better..." MBS Live Chat - 2:32PM "REPRICE : 2:32 PM - Fifth Third Mortgage Better..." MBS Live Chat - 2:16PM "REPRICE : 2:16 PM - Franklin American Better..." MBS Live Chat - 2:14PM "REPRICE : 2:14 PM - Plaza Better..." MND NewsWire - 10:32AM "Recent policy changes and the increasing cost of FHA MIP will likely leave FHA serving only the highest risk borrowers. FHA will not likely abandon it's primary charge of making home ownership possible for families of lessor means. By shrinking the base and creating an inbalance in favor of the higher..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.61% -0.02 15 Yr FRM 2.93% -0.02 FHA 30 Year Fixed 3.32% -0.03 Jumbo 30 Year Fixed 3.80% -0.01 5/1 Yr ARM 3.03% -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 3.0 102.97 +0.33 30YR FNMA 3.5 105.27 +0.25 30YR GNMA 3.0 104.14 +0.36 30YR GNMA 3.5 107.27 +0.19 15YR FNMA 3.0 104.89 +0.11 15YR FNMA 2.5 103.50 +0.14 Treasuries Yield Change 2 YR 0.2660% -0.0120 5 YR 0.8540% -0.0533 10 YR 1.9983% -0.0294 30 YR 3.1774% -0.0556 Prices as of: 2/14/2013 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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