Daily Newsletter: California Home Prices Soar; Mortgage Rates Near 2013 Lows

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30 Year Fixed 3.48%   -0.02 15 Year Fixed 2.80%   -0.01 10YR Treasury 1.69%   -0.0325 FNMA 30YR 3.5 106.30   +0.06 FNMA 15YR 2.5 105.48   +0.08 View Today's Rates

Monday April 15, 2013 MND NewsWire - 3:58PM Tight Inventories Spark California Home Price Boom A sudden surge in single family home prices in California coupled with flat sales are both attributed by the California Association of Realtors® (C.A.R.) to a scarcity of available ... Mortgage Rate Watch - 2:08PM Mortgage Rates Improve Slightly, Near 2013 Lows Mortgage rates moved lower for the 3rd straight day, moderately extending the solid improvements seen late last week, and bringing rates very close to 2013 lows. Depending on the rate ... MND NewsWire - 11:22AM Builders See Business Getting Better - Just not Right Now Despite a revival of demand for new homes, builders are facing constraints that are eroding their confidence in the market for new single family homes. The National Association of Home ... Pipeline Press - 4:59PM What Wells and Chase Results Indicate to Mortgage Bankers; Fined for Renegotiating a Rate Lock? "Daddy, how many people live in the world?" "I don't know - go ask your Mother. Why do you ask me questions like that, for Chrissakes - you're 28 years old?!" Well, now you can refer ... MBS RECAP: Inauspicious Late Day Rally The Week Ahead: Limited Calendar, But Beware the Technical Resistance FHLBanks Get New Deputy Director of Regulation Wells Fargo Continues Record Earnings Streak, Despite Slip in Mortgage Business Some Astute Concerns About Disparate Pricing, Assumable Loans, and the CFPB Complaint Database FHFA Extends HARP by 2 Years, Through 2015 Amazing Detroit Mortgage Stats; More on Lock Renegotiations; Videos for Bank officers and Directors; Who is Deephaven Mortgage? Latest Video Rising Costs Cuts Home Builder Confidence Santelli's Midday Bond Report Fed to Blame for Sell-off? More News from 'Around the Web' Bloomberg - 4:38PM Fed Joins FDIC Adding Guidance to Banks for 'Living Will' Plans Bloomberg - 4:32PM Housing Finance Redo Should Happen This Year, Says HUD's Donovan Realtor.Org - 4:30PM They're Back: Mortgage Schemes Bloomberg - 2:29PM Citigroup's Costs for Toxic Assets Soar on Legal Fees freddiemac.mwnewsroom.com - 2:27PM Freddie Mac CreditSmart(R) Online Tutorial Helps Prepare Future Borrowers for Homeownership Bloomberg - 12:38PM Shapiro Says Housing Fundamentals Make `Perfect Sense' NAHB - 10:51AM NAHB: Rising Costs Put Squeeze on Builder Confidence in April www.mersinc.org - 10:51AM Michigan Appeals Court Finds MERS Role Valid CNBC - 10:50AM Rising Costs Hammer US Home Builder Confidence www.aei-ideas.org - 9:57AM Why Zandi to FHFA could mean Obama mass refi plan, mortgage principal reductions CNBC - 8:15AM Citi Beats on Profit and Revenue; Shares Rise CNBC - 8:58PM Moody's Zandi Is Top Pick for Fannie Watchdog CNBC - 8:57PM Signs of Easier Money for Mortgages Today's Comments MBS Live Chat - 1:51PM "REPRICE : 1:51 PM - Plaza Better..." MBS Live Chat - 1:32PM "REPRICE : 1:32 PM - Franklin American Better..." MBS Live Chat - 1:21PM "REPRICE : 1:21 PM - Provident Funding Better..." Recent Q & A "Who qualifies for FHA 30 year fixed mortgage rates?" "Who provides refinancing with both spouses on title and one on mortgage? " "Is there any risk to me if the bank I'm borrowing from does not require Lender's Title Insurance?" Today's Rates Best Execution Rate Change 30 Yr FRM 3.48% -0.02 15 Yr FRM 2.80% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.59% -0.02 5/1 Yr ARM 2.99% +0.01 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 3.68% 0.43 -0.08 15 Yr. Fixed 2.92% 0.34 -0.07 30 Yr. Jumbo 3.79% 0.36 -0.06 30 Yr. FHA 3.43% 0.52 -0.05 5/1 ARM 2.58% 0.37 -0.02 Freddie Mac ** 30 Yr. Fixed 3.43% 0.80 -0.11 15 Yr. Fixed 2.65% 0.70 -0.09 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.62% 0.50 -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 3.0 104.30 +0.16 30YR FNMA 3.5 106.30 +0.06 30YR GNMA 3.0 106.03 +0.19 30YR GNMA 3.5 108.84 +0.22 15YR FNMA 3.0 105.48 +0.08 15YR FNMA 2.5 104.33 +0.13 Treasuries Yield Change 2 YR 0.2220% -0.0080 5 YR 0.6777% -0.0113 10 YR 1.6866% -0.0325 30 YR 2.8696% -0.0473 Prices as of: 4/15/2013 4:32PM 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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