Daily Newsletter: Mortgage Rates Jump Following Jobs Report; FHA Selling Thousands Of Loans; CFPB Compliance Guides

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30 Year Fixed 3.49%   +0.08 15 Year Fixed 2.74%   +0.03 10YR Treasury 1.74%   +0.1162 FNMA 30YR 3.5 106.13   -0.38 FNMA 15YR 2.5 105.38   -0.17 View Today's Rates

Friday May 3, 2013 Mortgage Rate Watch - 4:03PM Mortgage Rates Jump Higher Following Employment Report Mortgage rates shot higher at their fastest pace in two months after this morning's hotly anticipated Employment Situation Report showed that job creation in April was better than expected ... MND NewsWire - 1:02PM Thousands More FHA Loans set for Auction Block Approximately 20,000 severely delinquent FHA-guaranteed mortgage loans will be offered to investors through two Department of Housing and Urban Development ( HUD ) sponsored auctions ... MND NewsWire - 10:58AM CFPB Publishes User Friendly Compliance Guides The Consumer Financial Protection Bureau (CFPB) has just published three compliance guides to help both lenders and consumers understand some of the new rules issued by the agency. ... MND NewsWire - 1:43PM GSEs Analyze Stand-Alone Value of Multi-family Businesses Each of the government sponsored enterprises ( GSEs ) has released a report analyzing the viability of their multifamily operations under a scenario divorcing them from the parent company ... Flagstar - MBIA Settlement; Redwood Trust Earnings; a Primer on Economic News Categories MBS RECAP: Bond Markets Pummeled, More To Come? MBS Hit Three Week Lows After Jobs Report, Holding There For Now Latest Video Futures Now: Trouble in Treasurys? Santelli's Digs Deep Into Jobs Numbers S&P 500 Breaks 1,600 For First Time More News from 'Around the Web' WSJ - 3:29PM Is a Home Warranty Necessary in a Hot Market? Reuters - 3:28PM Housing regulator lifts objection to $8.5 billion BofA deal Bloomberg - 1:21PM Fed's Lacker Says More QE Won't Boost Growth While Posing Risk - Bloomberg CNBC - 1:16PM Housing Recovery Shows Up In Job Gains CNBC - 11:35AM Job Growth Likely to Slow in 2013: Goldman Sachs Bloomberg - 11:34AM American Capital Agency Slumps as Mortgage Strategy Backfires - Bloomberg Fannie Mae - 11:30AM Statements - Jeffery Hayward - Release of Multifamily Market ... FHFA - 11:16AM FHFA Releases Fannie and Freddie Reports on Viability of Their Multifamily Businesses Without Government Guarantees WSJ - 10:25AM Economists React: Last Month 'Largely a False Alarm' www.aei.org - 10:24AM Five myths about the Federal Housing Administration Reuters - 10:23AM Factory orders fall sharply in March CNBC - 10:22AM Services Sector Growth Weakest in 9 Months CNBC - 10:21AM Promised Turnaround for Europe Has a Big Error Rate CNBC - 10:21AM Jobs Report: Well, That Was Embarrassing... www.cfpbmonitor.com - 9:06AM CFPB issues report on servicemember complaints The Basis Point - 9:03AM How Mortgage Quality Improved 1999-2012: BAML Today's Comments MBS Live Chat - 2:00PM "RTRS - FED'S LACKER SAYS RECOVERY IN US HOUSING MARKET MEANS FED SHOULD SHIFT COMPOSITION OF ITS BALANCE SHEET AWAY FROM MBS..." MBS Live Chat - 2:00PM "RTRS - LACKER SAYS FED SHOULD BE THINKING ABOUT HOW TO GET OUT OF THE MBS MARKET, SAYS SHIFT COULD BE OVER A COUPLE OF YEARS..." MBS Live Chat - 2:01PM "i love how they want toshift polivy based on on good month..." MBS Live Chat - 2:01PM "RTRS- FED'S LACKER SAYS THERE IS A RISK FED BUYING OF MBS COULD OVER-STIMULATE US HOUSING MARKET..." MBS Live Chat - 2:01PM "you'll love this then too DK:..." MBS Live Chat - 2:01PM "RTRS - FED'S LACKER SAYS WEAKER READING ON MARCH JOBS REPORT LOOKS LIKE AN OUTLIER..." MBS Live Chat - 2:25PM "REPRICE : 2:25 PM - Caliber Funding Worse..." MBS Live Chat - 2:45PM "REPRICE : 2:45 PM - Franklin American Worse..." MBS Live Chat - 3:15PM "REPRICE : 3:15 PM - Interbank Worse..." MBS Live Chat - 3:49PM "REPRICE : 3:49 PM - Nationstar Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.49% +0.08 15 Yr FRM 2.74% +0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% +0.06 5/1 Yr ARM 2.95% -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 3.0 104.03 -0.61 30YR FNMA 3.5 106.13 -0.38 30YR GNMA 3.0 105.72 -0.72 30YR GNMA 3.5 108.36 -0.42 15YR FNMA 3.0 105.38 -0.17 15YR FNMA 2.5 104.22 -0.30 Treasuries Yield Change 2 YR 0.2198% +0.0201 5 YR 0.7273% +0.0800 10 YR 1.7417% +0.1162 30 YR 2.9568% +0.1357 Prices as of: 5/3/2013 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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