Daily Newsletter: Mortgage Rates Rise to 2-Week Highs; Mortgage Wisdom for Valentines Day; Weird Wells Headlines; MBS Drift into 3-day Weekend

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30 Year Fixed 4.43%   +0.05 15 Year Fixed 3.44%   +0.04 10YR Treasury 2.74%   +0.0108 FNMA 30YR 3.5 100.69   -0.25 FNMA 15YR 2.5 102.97   -0.05 View Today's Rates

Friday February 14, 2014 Mortgage Rate Watch - 4:09PM Mortgage Rates Rise to 2-Week Highs Mortgage rates moved higher today, erasing yesterday's improvements and carrying them to their highest levels since late January on average. For many lenders, today's rate sheet offerings ... Community Commentary - 1:23PM Valentine's Day Do's and Don'ts For a Smoother Mortgage Process Here's a special Valentine's Day installment of Do's and Don'ts for prospective buyers or refinancing homeowners embarking on, or already engaged in the mortgage process. In case it ... Pipeline Press - 10:34AM BofA Layoffs; Wells' Volume up to 65% Purchase & "Edging" into Subprime; Lender Updates "Melissa Burch, a real estate closing agent at a Fort Lauderdale title company, pocketed more than $1 million from her employer's escrow accounts, police said." Andrew Liput, president ... MBS Commentary - 7:00AM MBS Day Ahead: Bond Markets Try to Stay Safe Ahead of 3-Day Weekend After today's heavy snowfall in New York turned to rain this afternoon, it's now turning back into snow in the wee hours, scheduled to deposit another 3-7 inches. For MBS trading, this ... Fannie Offers REO Incentives to Owner Occupants Market for Servicing is Spooked, Which Could Hit Mortgage Pricing; PHH Mortgage up for Sale? Foreclosure Filings still Spiking in Many States Latest Video Subprime Debate: Good idea for whom? Cashin says: The weather excuse U. of Michigan consumer sentiment 81.2 More News from 'Around the Web' Market Watch - 3:58PM Zillow shares hit short-sale circuit breaker CNBC - 3:51PM Down 19%, Trulia preps for real estate 'arms race' Reuters - 1:42PM Fed's Fisher: What's best for U.S. is best for world CNBC - 1:17PM Mortgage bailout expiring, rates going up DataQuick - 10:52AM January California Home Sale Press Release www.gallup.com - 10:52AM Washington, D.C., Leads Nation in Payroll to Population philadelphiafed.org - 10:50AM Forecasters Predict Higher Growth, Lower Unemployment over the Next Three Years The Huffington Post - 9:59AM This Is The Worst Winter For Flight Cancellations In The Last 25 Years WSJ - 9:59AM Smart Hubs: A Brain for Your House Market Watch - 9:12AM Political, legal hopes buoy Fannie, Freddie rally CNBC - 8:03AM Wells Fargo edges back into subprime home loans CNBC - 8:00AM 'Too big to fail' is worse now: Farr Today's Comments MBS Live Chat - 12:17PM "Has jumbo pricing totally tanked the last couple days? Thinking that OB is giving me wrong pricing again. We were in the low 4's, but now we're close to 5% in only a couple days. Pretty sure it's incorrect..." MBS Live Chat - 12:18PM "CS - Can't be right. I have seen some lenders actually improve. 4.125% - 4.375%..." MBS Live Chat - 1:19PM "I'm sure this was touched upon, but what is the minimum credit score requirement for FHA/HUD?..." MBS Live Chat - 1:19PM "Wells non-QM being featured on CNBC..."are sub prime loans back" is the headline...." MBS Live Chat - 1:20PM "Seems to me that Wells is simply lowering their credit score overly on fha..." MBS Live Chat - 9:59AM "If wells is selling this to FHA, then are THEY really doing "subprime"? SK - Yes many will go down to a 600 with an AUS approval, but most will downgrade to a manual underwrite and require "compensating factors"...." MBS Live Chat - 10:00AM "remember, they are using the "subprime" definition only in regards to FICO score. So do take that term with a grain of salt...." MBS Live Chat - 10:00AM "Maybe more "non-prime" borrower, but not a subprime product..." MBS Live Chat - 10:20AM "Wells looking to get info and guidelines for non-qm lenders..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% +0.05 15 Yr FRM 3.44% +0.04 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.32% +0.02 5/1 Yr ARM 3.24% +0.02 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 4.45% 0.34 -0.02 15 Yr. Fixed 3.49% 0.25 -0.04 30 Yr. Jumbo 4.40% 0.14 -0.02 30 Yr. FHA 4.13% 0.10 +0.01 5/1 ARM 3.11% 0.31 -0.04 Freddie Mac ** 30 Yr. Fixed 4.28% 0.70 +0.05 15 Yr. Fixed 3.33% 0.70 +0.00 1 Yr. ARM 2.55% 0.40 +0.04 5/1 Yr. ARM 3.05% 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 96.42 -0.22 30YR FNMA 3.5 100.69 -0.25 30YR GNMA 3.0 98.33 -0.09 30YR GNMA 3.5 102.17 -0.23 15YR FNMA 3.0 102.97 -0.05 15YR FNMA 2.5 99.98 -0.08 Treasuries Yield Change 2 YR 0.3147% -0.0003 5 YR 1.5213% +0.0181 10 YR 2.7446% +0.0108 30 YR 3.6952% +0.0123 Prices as of: 2/14/2014 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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