Daily Newsletter: LPS Home Prices Rise; Mortgage Rates Improve; Challenges and Goals of GSE Prenup

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30 Year Fixed 3.43%   -0.02 15 Year Fixed 2.74%   -0.02 10YR Treasury 1.67%   +0.0016 FNMA 30YR 3.5 106.53   +0.03 FNMA 15YR 2.5 105.58   -0.02 View Today's Rates

Monday April 29, 2013 MND NewsWire - 4:46PM LPS Home Price Index Rises; 9 of The Top 10 Metro Areas in CA Lender Processing Services, Inc. (LPS) said Monday that its Home Price Index (HPI) for February was up 1.0 percent to $210 from the end-of-January Index of $208. The February 2013 index ... Mortgage Rate Watch - 3:26PM Mortgage Rates Modestly Improve on 2013 Lows Mortgage rates continued lower today, after officially hitting the lowest levels of the year on Friday. Bond markets including MBS (the "mortgage-backed-securities" that most directly ... MND NewsWire - 10:59AM Challenges and Goals of Fannie/Freddie Prenuptial Agreement A key to improving the efficiency, accuracy, and transparency of the housing finance system is standardization according to Stephen Clinton , Freddie Mac's Senior Vice President of ... Pipeline Press - 11:15AM HUD addresses LO/Realtor Combos; CFPB and FDIC can go after Employees and Consultants The demand for capital never goes away - it is matter of supply and demand setting the rate and price for certain types of loans. Putting political naming niceties aside, subprime is ... MBS RECAP: Holding Ground Despite Advancing Stocks, MBS Outperform Pending Sales Level off as Inventories Shrink The Week Ahead: FOMC and ECB Announcements; Employment Situation and More Stability Council Urges Servicer Compensation Reform And Unified Standards Pricing on Redwood's Latest Deal; a Gaggle of Vendor, Investor, Agency, and Seminar Updates Battle Over Mortgage Interest Deduction Continues in House Committee Core-Logic Acquires Case-Shiller Latest Video Pending Home Sales Higher Santelli Paints European Economic Picture Big Week Ahead For the Markets More News from 'Around the Web' Business Week - 5:11PM MBIA Loses Bid for Summary Judgment Ruling on Countrywide Loans Business Week - 4:21PM Fed May Shift Talks Toward More Monetary Stimulus, El-Erian Says freddiemac.mwnewsroom.com - 3:06PM Freddie Mac Announces First Multifamily Seniors Housing Securities Offering www.lpsvcs.com - 2:54PM LPS Home Price Index Report: February Transactions CNBC - 2:53PM NY Judge May Greenlight REIT Plan Federal Reserve - 2:51PM Payments to Goldman Sachs and Morgan Stanley borrowers covered by foreclosure agreement to begin May 3 Reuters - 2:43PM Fitch: U.S. Home Equity Credit Quality Likely to Worsen in 2014 Market Watch - 12:57PM PIMCO's El-Erian: 50-50 chance of growth Bloomberg - 12:34PM JPMorgan, Citibank sued Over $301 Million Mortgage Loans National Housing Conference - 10:54AM Pre-purchase counseling reduces mortgage delinquency, no matter how it's delivered Reuters - 10:53AM Banks struggle to recruit enough compliance experts www.freddiemac.com - 8:22AM Mortgage Market Standardization and the Common Securitization Platform Bloomberg - 11:32PM The Fed Broadens Its Reach Today's Comments MBS Live Chat - 3:01PM "RTRS- U.S. TREASURY SAYS EXPECTS TO PAY DOWN $35 BLN IN NET MARKETABLE DEBT IN CURRENT QUARTER, BORROWING ESTIMATE IS $138 BLN LOWER THAN ANNOUNCED IN FEBRUARY..." MBS Live Chat - 2:35PM "what do you think? today a lock or float day? i kind of thought pricing was going to be better today since we didn't get a lot of repricing on friday......" MBS Live Chat - 2:41PM "Should be best rates of the year CR, if not close to it. One more day of potential "month-end" support before bigger movers show up on Wednesday, though tomorrow's arent' necessarily slouches either. Chicago PMI and Consumer Confidence. For me, it would depend on situation, client preferences, etc. ..." MBS Live Chat - 2:43PM "thanks MG. pretty happy where we are at. just curious. always happy to get your input...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.43% -0.02 15 Yr FRM 2.74% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.55% -0.01 5/1 Yr ARM 2.96% -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 3.67% 0.50 -0.01 15 Yr. Fixed 2.91% 0.34 -0.01 30 Yr. Jumbo 3.77% 0.27 -0.02 30 Yr. FHA 3.37% 0.55 -0.06 5/1 ARM 2.57% 0.29 -0.01 Freddie Mac ** 30 Yr. Fixed 3.40% 0.80 -0.01 15 Yr. Fixed 2.61% 0.70 -0.03 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.58% 0.50 -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 3.0 104.56 +0.03 30YR FNMA 3.5 106.53 +0.03 30YR GNMA 3.0 106.30 +0.06 30YR GNMA 3.5 108.89 +0.05 15YR FNMA 3.0 105.58 -0.02 15YR FNMA 2.5 104.53 +0.03 Treasuries Yield Change 5 YR 0.6759% -0.0064 10 YR 1.6667% +0.0016 30 YR 2.8739% +0.0121 Prices as of: 4/29/2013 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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