Daily Newsletter: Existing Home Sales Lowest Since July 2012; Rates Level Off After Moving Slightly Higher; Fitch Analysis on Non-QM

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30 Year Fixed 4.56%   +0.03 15 Year Fixed 3.55%   +0.03 10YR Treasury 2.78%   +0.0036 FNMA 30YR 3.5 100.22   -0.02 FNMA 15YR 2.5 102.53   -0.06 View Today's Rates

Thursday March 20, 2014 MND NewsWire - 11:56AM Existing Home Sales Lowest Since July 2012 Existing Home Sales, which are completed transactions for single-family homes, townhomes, condominiums and co-ops, continued trending lower in February, falling to their lowest level ... Mortgage Rate Watch - 4:09PM Mortgage Rates Level-Off after Moving Higher Still Mortgage rates moved higher for a second straight day, extending yesterday's much larger spike. Some lenders remained relatively close to yesterday's latest offerings while others were ... Pipeline Press - 9:54AM Fitch Analyzes Non-QM Market; Redwood Trust Non-Agency Deal; DOJ Report on Fraud It has been 5 years since Thornburg Mortgage filed for Chapter 11. For folks not around then, Thornburg Mortgage Inc. was an American corporation headquartered in Santa Fe, New Mexico ... MBS Commentary - 8:00AM MBS Day Ahead: Rock and Hard Place for MBS; Solace in Treasuries For a full recap of yesterday's bond market sell-off, read this . For a synopsis, read this: Bond markets sold off yesterday, not so much because of the uncertainty introduced by the ... Lenders Reach Farther Out Credit Spectrum to Fill Capacity CFPB, MISMO and Electronic Processing; Lenders Liable for Buybacks After Shutting Down? Latest Video Last chance to lock in low mortgage rates? Mortgage rates going up 3 Reasons THIS spring could be huge for housing More News from 'Around the Web' Reuters - 4:43PM All big U.S. banks but one pass Fed's health test WSJ - 3:21PM Long-Term Unemployment Calls for Aggressive Policy Response WSJ - 3:21PM Housing Investors Pulling Back Amid Fewer Bargains WSJ - 3:19PM The Case for Not Worrying So Much About Fed-Generated Financial Instability www.gallup.com - 2:27PM Houston Leads U.S. Metro Areas on Job Creation Index Reuters - 12:59PM Analysis: Rising prices, harsh winter may dampen U.S. home sales in spring Washington Post - 11:58AM HUD turns down District's $30 million request for public housing upgrades CNBC - 11:56AM Home sales woes: Fewer people moving out Fannie Mae - 11:34AM Fannie Mae: Budding Economic Growth Expected in Spring and Summer As Harsh Winter Fades freddiemac.mwnewsroom.com - 10:23AM Freddie Mac: Fixed Mortgage Rates Move Down a Tad Bloomberg - 10:23AM Sales of Existing Homes in U.S. Fall to Lowest Since 2012 Google News - 10:22AM NAR: February Existing-Home Sales Remain Subdued CNBC - 9:59AM New round of bank stress tests: What to watch for Reuters - 8:57AM Jobless claims rise less than expected last week CNBC - 8:55AM Fed shift threatens its credibility: Farr Bloomberg - 8:54AM Lennar Quarterly Profit Beats Estimates as U.S. Home Sales Surge - Bloomberg CNBC - 8:54AM Yellen comments continue to weigh on Wall Street WSJ - 8:53AM How Long is Six Months, Really? Market Watch - 8:52AM Bond Report: Intermediate Treasury yields extend climb post-Fed Today's Comments MBS Live Chat - 9:23AM "You hit it on the head MG, the FED committee members put out forecasts for where they feel FED Funds Rate will be in 2015, 2016, 2017 and on average it was plotted a bit higher by 1/4 point than market was expecting. I think it is called the FED's " Dot " Chart. Can you elaborate on that terminology..." MBS Live Chat - 10:23AM "if a property is being sold Homepath Mortgage eligible can you do a regular fannie or Freddie mortgage?..." MBS Live Chat - 10:28AM "RM, yes, but there is no contingency for appraisals in the contract. So there is actually a high likelihood, depending on market, that the value will not be there. I see that regularly in Atlanta...HP requires no appraisal but because of that the properties are priced above market here in a lot of cases..." MBS Live Chat - 1:32PM "question; I have a guy that had a short sale a just over two years. He had a first and second and the second was actually the one that got shorted. Would normal short sale rules apply?..." MBS Live Chat - 1:37PM "Clayton - There is only one way to get around that. FHA will reduce the time that the short sale needs to be seasoned if the short sale was due to economic hardship such as losing a job, household income was cut by 50% due to a death of the other wage earner or loss of employment of the other wage earner..." MBS Live Chat - 2:58PM "Hey MG, nice shout out on CNBC today!..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.56% +0.03 15 Yr FRM 3.55% +0.03 FHA 30 Year Fixed 4.06% +0.06 Jumbo 30 Year Fixed 4.33% +0.03 5/1 Yr ARM 3.24% +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 4.52% 0.29 +0.05 15 Yr. Fixed 3.53% 0.28 +0.01 30 Yr. Jumbo 4.41% 0.20 +0.04 30 Yr. FHA 4.18% 0.21 +0.05 5/1 ARM 3.18% 0.36 +0.09 Freddie Mac ** 30 Yr. Fixed 4.32% 0.60 -0.05 15 Yr. Fixed 3.32% 0.60 -0.06 1 Yr. ARM 2.49% 0.40 +0.01 5/1 Yr. ARM 3.02% 0.40 -0.07 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 96.11 +0.09 30YR FNMA 3.5 100.22 -0.02 30YR GNMA 3.0 97.94 +0.03 30YR GNMA 3.5 101.64 -0.02 15YR FNMA 3.0 102.53 -0.06 15YR FNMA 2.5 99.70 +0.02 Treasuries Yield Change 2 YR 0.4238% +0.0003 5 YR 1.7051% -0.0033 10 YR 2.7752% +0.0036 30 YR 3.6655% +0.0139 Prices as of: 3/20/2014 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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