Daily Newsletter: Mortgage Rates Higher Ahead of Jobs Report; Renter/Owner Housing Cost Disparity; Foreclosure Review Payout Scrutiny

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30 Year Fixed 3.41%   +0.03 15 Year Fixed 2.71%   +0.01 10YR Treasury 1.63%   -0.0035 FNMA 30YR 3.5 106.50   -0.06 FNMA 15YR 2.5 105.55   0.00 View Today's Rates

Thursday May 2, 2013 Mortgage Rate Watch - 3:16PM Mortgage Rates Ease Off The Throttle Ahead of Jobs Report Mortgage rates broke a 4 day winning streak today, moving moderately higher after hitting 2013 lows yesterday. For many, the difference will be immaterial as today's average rate is ... MND NewsWire - 2:16PM Disparity in 'Severe Housing Costs' Between Renters and Owners The Center for Housing Policy today released a report on housing affordability among working households in the US. The report concludes an ongoing uptrend in the incidence of “ ... MND NewsWire - 12:48PM Foreclosure Review Payouts Coming Under Congressional, Media Scrutiny Congressman Elijah E. Cummings recently introduced a bill that would create an independent monitor to oversee the distribution of funds paid by mortgage services to borrowers to compensate ... MBS Commentary - 4:23PM MBS RECAP: Mario Washes Out Stronger Claims; NFP Tomorrow MBS Live : MBS Afternoon Market Summary Yesterday's respectable rally to the best levels of the year turns out to have been markets' way of taking a more defensive stance against this ... Earnings Indicating Industry Trends; Focus on The Senate Regarding FHFA MBS MID-DAY: Working Through Weakness After Jobless Claims Data Latest Video Draghi's Promise 'Just Words': Gemma Godfrey Hedge Funds As Landlords Santelli's Pie-Policy Economics More News from 'Around the Web' CNBC - 3:41PM Blackstone's Housing Bet Swells to $4.5 Billion Bloomberg - 3:41PM Blankfein Sees Parallels to 1994 Interest-Rate Increases - Bloomberg Bloomberg - 3:41PM How 30-Year Mortgages Saved the Housing Market - Bloomberg Bloomberg - 2:47PM Beazer Rises After CEO Forecasts a Profit: Atlanta Mover - Bloomberg CNBC - 2:46PM Rotation Not From Fixed-Income: Pro CNBC - 12:50PM Map Draws Battle Lines in Mortgage Deduction Fight WSJ - 12:33PM Five Takeaways From ECB Decision and Draghi Press Conference National Housing Conference - 12:23PM More than a quarter of working renter households spends more than half of income on housing The Huffington Post - 10:59AM Peter G. Miller: Down Payment Debate Flares Again CNBC - 10:37AM Investors Pile Into Housing Even as Prices Rise S&P/Case Shiller - 10:36AM Principal Forgiveness, Still The Best Way To Limit U.S. Mortgage Redefaults, Is Becoming More Prevalent The Huffington Post - 10:35AM Mel Watt Picks Up GOP Backing As White House Loan-Forgiveness Scheme Gets Validation freddiemac.mwnewsroom.com - 10:09AM Freddie Mac: Mortgage Rates Keep Pushing Lower Bloomberg - 12:28PM BOJ's Kuroda Says Economic Recovery May Be Clear From Mid-2013 - Bloomberg Today's Comments MBS Live Chat - 1:50PM "with the ism employment numbers, higher claims middle of last month, lower adp, nfp sure seems like a miss low..." MBS Live Chat - 1:52PM "Guys are we in a bubble? Trying to get varying opinions. Only reason I "humbly" think no is because aside from the supply/demand difference. the buyers today are qualified, full doc'd, and majority 30 fixed...." MBS Live Chat - 1:53PM "also..i'm trying to get a borrower off the fence and act already. He's been on the sidlines for 6 months already with offers passing him by on a monthly basis...." MBS Live Chat - 1:54PM "here is an blog from mish, on that subject http://globaleconomicanalysis.blogspot.com/2013/04/here-we-go-again-builders-hold.html..." MBS Live Chat - 1:55PM "fha mips..." MBS Live Chat - 1:56PM "perpetual... when does that start again? the mortgagee letter i'm looking at says case files on or after May 6th, 2013..." MBS Live Chat - 1:56PM "but i'm hearing another source saying it's June 3rd...." MBS Live Chat - 1:56PM "which is correct?..." MBS Live Chat - 1:56PM "I thought June..." MBS Live Chat - 1:57PM "Yes, June 3rd..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.41% +0.03 15 Yr FRM 2.71% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.54% +0.00 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 3.35% 0.70 -0.05 15 Yr. Fixed 2.56% 0.70 -0.05 1 Yr. ARM 2.56% 0.30 -0.06 5/1 Yr. ARM 2.56% 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 3.0 104.64 -0.08 30YR FNMA 3.5 106.50 -0.06 30YR GNMA 3.0 106.44 -0.05 30YR GNMA 3.5 108.78 -0.09 15YR FNMA 3.0 105.55 0.00 15YR FNMA 2.5 104.52 -0.06 Treasuries Yield Change 2 YR 0.1997% -0.0038 5 YR 0.6473% -0.0048 10 YR 1.6255% -0.0035 30 YR 2.8211% -0.0045 Prices as of: 5/2/2013 4:31PM 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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