Daily Newsletter: Strong Home Sales and Price Reports; Mortgage Rates Falling

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30 Year Fixed 3.57%   -0.02 15 Year Fixed 2.90%   -0.02 10YR Treasury 1.89%   +0.0223 FNMA 30YR 3.5 105.66   -0.03 FNMA 15YR 2.5 105.13   -0.06 View Today's Rates

Tuesday February 26, 2013 MND NewsWire - 12:26PM January New Home Sales Soar 15.6%, December Better than First Reported New home sales in January jumped to a seasonally adjusted annual rate of 437,000, a 15.6 percent increase over the December number of 378,000 and a 28.9 percent increase compared to ... MND NewsWire - 10:27AM Home Prices Close Out Strong 2012 with 6.8% Gain in December Along with the usual monthly data, S&P/Case Shiller Home Price Indices released this morning also included data for all of 2012 . The indices, a measure of U.S. home prices ended ... Mortgage Rate Watch - 3:24PM Mortgage Rates Lowest In More Than Two Weeks Mortgage rates moved lower today , extending their rally following yesterday's Italian election news. The situation in Italy continued to represent an unknown when trading got underway ... MND NewsWire - 2:53PM Q4 Bank Profits up 36.9 Percent from Previous Year Federal Deposit Insurance Corporation (FDIC) insured commercial banks and savings institutions posted an aggregate net income of $34.7 billion in the fourth quarter of 2012. This was ... Cordray: CFPB Addressing Debt Traps, Dead Ends, and Discrimination. MBS RECAP: Mostly Holding Monday's Impressive Gains FHFA Reports Home Prices Increase 1.4% in Q4 on Low Inventories Paper on Agency's Future; Free Bank Research Site; Status of Community Banks Bi-Partisan Commission Issues Suggestions for Housing Reforms Individual Loan Officer Applications Fall for the First Time Since 2011 Mortgage Rates Finish The Week Near Recent Highs Latest Video Refinancing at Low Rates Helps Homeowners Bernanke on Unwinding Assets Too Big To Fail Is Alive and Well: Sen. Vitter More News from 'Around the Web' Bloomberg - 4:09PM S&P MBS Suits Get Boost From Earlier Court Wins, States Say NAHB - 4:07PM NAHB: Tight Credit, Flawed Appraisals and Erratic Supply Chain Hurt Jobs, Housing Federal Reserve - 2:56PM Minutes of the Board's discount rates meetings from January 14 and January 28, 2013 WSJ - 1:41PM Housing's 'Wealth Effect' Isn't What It Used To Be www.aei.org - 11:59AM FHA Watch, January/February 2013 CNBC - 11:40AM Why ECB's Draghi Faces a Bond Market Dilemma The Huffington Post - 10:38AM Banks Could Owe HOW MUCH For Fraudulent MBS? Bloomberg - 10:30AM Bernanke Semiannual Monetary Policy Testimony (Text) CNBC - 10:29AM New Home Sales and Consumer Confidence Surge WSJ - 9:39AM Shiller's Bottom Line: Risk Lingers in Housing CNBC - 9:29AM JPMorgan Sees $1 Billion in Cost Cuts; Planned Cuts Include Reducing Staff by About 4,000 www.corker.senate.gov - 9:29PM Corker: Ball is in White House's Court on Proposing Necessary Changes at CFPB to Confirm Full Time Director Today's Comments MBS Live Chat - 11:58AM "stoic nature shaken yes, but "gotten the better of" not the way I heard it. Open to interpretation though...." MBS Live Chat - 11:59AM "there are almost no "um's" right now, vs a plethora around other topics..." MBS Live Chat - 11:59AM "okay. Bernanke always seems to be the smarter one in the conversation. Didn't see it with Warren...." MBS Live Chat - 12:32PM "REPRICE : 12:32 PM - Wells Fargo Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% -0.02 15 Yr FRM 2.90% -0.02 FHA 30 Year Fixed 3.30% -0.02 Jumbo 30 Year Fixed 3.77% -0.02 5/1 Yr ARM 2.99% +0.00 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 3.56% 0.80 +0.03 15 Yr. Fixed 2.77% 0.80 +0.00 1 Yr. ARM 2.65% 0.40 +0.04 5/1 Yr. ARM 2.64% 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 3.0 103.48 -0.08 30YR FNMA 3.5 105.66 -0.03 30YR GNMA 3.0 104.72 -0.05 30YR GNMA 3.5 107.63 +0.03 15YR FNMA 3.0 105.13 -0.06 15YR FNMA 2.5 103.70 -0.08 Treasuries Yield Change 2 YR 0.2461% +0.0042 5 YR 0.7665% +0.0048 10 YR 1.8877% +0.0223 30 YR 3.0832% +0.0230 Prices as of: 2/26/2013 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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