Daily Newsletter: Mortgage Rates Improve Significantly; Home Price Gains Slowing; Since 2009, Homes Getting Bigger

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30 Year Fixed 4.41%   -0.08 15 Year Fixed 3.45%   -0.05 10YR Treasury 2.71%   -0.0413 FNMA 30YR 3.5 101.14   +0.41 FNMA 15YR 2.5 103.23   +0.27 View Today's Rates

Tuesday February 25, 2014 Mortgage Rate Watch - 4:28PM Mortgage Rates Improve Significantly After Playing Defense Mortgage rates fell noticeably today, after being pushed up against the highest levels in nearly a month yesterday. In that sense, the positivity in the underlying markets allowed rates ... MND NewsWire - 11:40AM Two Quarterly Price Reports, Two Conclusions The S&P Case-Shiller National home price index and the Federal Housing Finance Agency's Home Price Index (HPI), both issued on Tuesday, diverged sharply on the direction of home ... MND NewsWire - 1:18PM Average Home is 300 sq ft Bigger Since 2009 The growth in the average size of a new home paused briefly at the beginning of the recession as Americans retrenched in a lot of ways, but times have changed. According to Census Bureau ... MND NewsWire - 10:27AM Florida Cities Dominate List of Price Increases Black Knight Financial Services (formerly Lender Processing Services) reports that home values in the U.S. as of December had recovered to within 13.9 percent of the peak reached in ... HUD Ex-Official Faulted in Lobbying Investigation 1st Alliance Self-Reported Violation; Loans that Become Non-QM; LO Signing Bonuses MBS MID-DAY: Strong Gains For Bond Markets Before and After Data Latest Video Housing at critical juncture: Strategist Fed won't raise rates until 2015: Pro JPMorgan getting smaller More News from 'Around the Web' The Atlantic - 4:04PM America's Weird, Enduring Love Affair With Cars and Houses www.justice.gov - 4:04PM Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions Bloomberg - 2:55PM Nifty Housing Collapse Slideshow: Bubble to Bust to Recovery WSJ - 2:53PM Demand for Foreclosed Homes Eased Last Quarter, Fannie Mae Says Reuters - 2:52PM U.S. fair housing group files complaint against Deutsche Bank House Financial Services - 2:15PM Financial Services Subcommittee Investigation Leads to Federal Probe of HUD www.freddiemac.com - 1:12PM Upcoming Loan Prospector Enhancements to Align with Recent Guide Requirement Changes Bloomberg - 1:12PM Toll Falls on Lower Home Orders, Reduced Sales Forecast - Bloomberg WSJ - 11:59AM Bernanke Makes It Official: He's Writing a Book WSJ - 11:59AM America's Hottest Housing Market Has Suddenly Cooled Down CNBC - 11:54AM CEOs are bucking housing's bad numbers www.npr.org - 10:32AM After 'Best Year Since 2005,' Housing Sector Likely To Slow Market Watch - 10:32AM Home Depot CFO lauds Wells Fargo's loosening move CNBC - 10:29AM Consumer confidence hits 78.1 in Feb. freddiemac.mwnewsroom.com - 9:47AM Freddie Mac Issues Monthly Volume Summary for January 2014 CNBC - 9:46AM U.S. stocks open little changed ahead of confidence report S&P/Case Shiller - 9:46AM Home Prices Lose Momentum According to the S&P/Case-Shiller Home Price Indices blog.redfin.com - 9:46AM 83 Percent of California Homes Unaffordable on a Teacher's Salary Market Watch - 9:46AM Treasurys hold gains after Case-Shiller index WSJ - 8:40AM Grand Central: Fed Debates Whether to Use Interest Rates to Fight Bubbles Today's Comments MBS Live Chat - 1:07PM "are No Closing Cost refinances prevalent in NY?..." MBS Live Chat - 1:07PM "are lenders crediting the mortgage tax..." MBS Live Chat - 1:16PM "I think costs overall in NY are too high to do a no cost loan, possibly FHA but not Conv..." MBS Live Chat - 1:17PM "locally there is a alos an attorney fee between 750-1000..." MBS Live Chat - 1:17PM "hard to absorb that, title, mtg tax and bank fee...." MBS Live Chat - 1:19PM "Agreed, hard to cover all, but can absorb a lot of the costs given the rebates at higher rates. NYC mortgage tax is hard to cover; other counties are much lower mortgage tax...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.41% -0.08 15 Yr FRM 3.45% -0.05 FHA 30 Year Fixed 4.00% -0.25 Jumbo 30 Year Fixed 4.30% -0.05 5/1 Yr ARM 3.22% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.61% 1.06 -0.10 30 Yr. Fixed 4.48% 1.36 -0.10 MBA ** 30 Yr. Fixed 4.50% 0.26 +0.05 15 Yr. Fixed 3.55% 0.33 +0.06 30 Yr. Jumbo 4.45% 0.11 +0.05 30 Yr. FHA 4.16% 0.14 +0.03 5/1 ARM 3.20% 0.38 +0.09 Freddie Mac ** 30 Yr. Fixed 4.33% 0.70 +0.05 15 Yr. Fixed 3.35% 0.70 +0.02 1 Yr. ARM 2.57% 0.30 +0.02 5/1 Yr. ARM 3.08% 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 96.92 +0.45 30YR FNMA 3.5 101.14 +0.41 30YR GNMA 3.0 98.78 +0.41 30YR GNMA 3.5 102.61 +0.38 15YR FNMA 3.0 103.23 +0.27 15YR FNMA 2.5 100.23 +0.31 Treasuries Yield Change 2 YR 0.3180% -0.0082 5 YR 1.5131% -0.0347 10 YR 2.7050% -0.0413 30 YR 3.6603% -0.0445 Prices as of: 2/25/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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