Daily Newsletter: California Home Prices Benefit from Short Inventory, Sales Suffer; Mortgage Rates Level-Off

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30 Year Fixed 3.67%   -0.02 15 Year Fixed 2.97%   -0.01 10YR Treasury 1.99%   -0.0437 FNMA 30YR 3.5 105.30   +0.23 FNMA 15YR 2.5 105.14   +0.17 View Today's Rates

Friday March 15, 2013 MND NewsWire - 4:06PM California Home Prices Benefit from Short Inventory, Sales Suffer California house prices have now risen on an annual basis for a full year according to the California Association of Realtors® ( C.A.R. ). The median price of an existing single ... Mortgage Rate Watch - 1:38PM Mortgage Rates Continue Leveling-Off, Improving Slightly Mortgage rates improved modestly , capping a week that's seen rates either move sideways or slightly lower every day. Today's stability and ultimately, improvements came as the result ... MBS Commentary - 11:51AM MBS MID-DAY: Flat To Start, Rallying After Opening Bell, Sentiment Helped MBS Live : MBS Morning Market Summary Everything was pretty quiet this morning with volume and momentum not really making much of an appearance until the 9:30am opening bell for equities ... Pipeline Press - 10:37AM Improving Credit Markets Force Titanium Shut Down; What is Moving the Relative Prices of Ginnie, Fannie, and Freddie MBS? St. Patrick's Day is Sunday. St. Patrick introduced Christianity to Ireland in the fifth century, but the world's first St. Patrick's Day parade didn't occur until March 17, 1762, in ... Blackstone Buying $100M Single Family Homes per Week; LO Comp Plan Impact Default Rates? MBA Compliance Classes and QRM Update FHFA OIG Looks at Freddie Mac's $1.2B Lehman Brothers Loss MBA Applauds Bill to Clarify QM Points and Fees Foreclosure Inferno Contained, but Dangerous Flare-ups Still Popping Up: RealtyTrac Senators Introduce Bill To Prohibit G-Fee Hikes Being Used For Spending Study Shows Apparent Disparities in Lending to Women HOPE NOW Aided over 100,000 Homeowners in January Latest Video Too Late to Refi?, Santelli Talks to Mortgage Pro Lennar CEO on Housing Outlook Signs of More Trouble Ahead For Housing? More News from 'Around the Web' Bloomberg - 4:09PM Fannie Mae Preferred Stock Soars to Highest Since Bailout Month CNBC - 4:07PM Is Fed Signaling Stance on Bank Break-Ups? CNN - 3:02PM Greenspan: No irrational exuberance, stocks undervalued CNBC - 11:37AM Housing Recovery 'Fundamentally Strong': Lennar CEO www.builderonline.com - 9:04AM Stop Bashing the Banks! The Huffington Post - 7:58AM Damning Report Slams Bank's Top Execs Reuters - 7:56AM Fed to hold course on stimulus despite debate over risks Business Week - 7:55AM JPMorgan Sees Home Prices Up 14% as BofA Touts Party NAFCU - 7:52AM Senate Banking to vote Tuesday on Cordray NAFCU - 7:52AM Becker calls for uniform CFPB guidance DataQuick - 11:27PM DataQuick: February California Home Sales Report Bloomberg - 11:23PM Fannie Mae Delays 2012 Earnings Report, Expects to Post Profit Business Week - 11:22PM SunTrust Announces First Buyback Since Crisis After Stress Test Today's Comments MBS Live Chat - 3:30PM "REPRICE : 3:30 PM - Cole Taylor Better..." MBS Live Chat - 3:27PM "REPRICE : 3:27 PM - NYCB Better..." MBS Live Chat - 1:44PM "Their second...." MBS Live Chat - 11:49AM "Joe taking a new USDA loan today in an area being eliminated - very risky. Process as it was explained to me was that you needed USDA commitment prior to 3/27 or no loan for you. Similar to FHA case number prior to changes. You can close after chaneg as long as you have commit in hand prior to change..." MBS Live Chat - 11:51AM "yes Jason, thats the issue. Realtor wants answers before they write the contract. i told her she is gambling. no one really knows..." MBS Live Chat - 11:48AM "REPRICE : 11:48 AM - Fifth Third Mortgage Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.67% -0.02 15 Yr FRM 2.97% -0.01 FHA 30 Year Fixed 3.37% -0.03 Jumbo 30 Year Fixed 3.79% -0.01 5/1 Yr ARM 3.01% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.78% 0.76 +0.08 30 Yr. Fixed 3.53% 1.11 +0.06 MBA ** 30 Yr. Fixed 3.70% 0.39 -0.07 15 Yr. Fixed 2.96% 0.36 -0.07 30 Yr. Jumbo 3.80% 0.37 -0.13 30 Yr. FHA 3.47% 0.33 -0.07 5/1 ARM 2.55% 0.37 -0.10 Freddie Mac ** 30 Yr. Fixed 3.63% 0.80 +0.11 15 Yr. Fixed 2.79% 0.80 +0.03 1 Yr. ARM 2.64% 0.40 +0.01 5/1 Yr. ARM 2.61% 0.60 -0.02 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 3.0 102.73 +0.34 30YR FNMA 3.5 105.30 +0.23 30YR GNMA 3.0 104.20 +0.33 30YR GNMA 3.5 107.23 +0.17 15YR FNMA 3.0 105.14 +0.17 15YR FNMA 2.5 103.63 +0.27 Treasuries Yield Change 2 YR 0.2540% -0.0120 5 YR 0.8355% -0.0436 10 YR 1.9929% -0.0437 30 YR 3.2148% -0.0282 Prices as of: 3/15/2013 4:13PM 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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