Daily Newsletter: Home Prices Actually Undervalued Based on Incomes; Rates Lower, Erasing Friday's Losses; Mortgage Apps Down Amid Higher Rates last Week

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30 Year Fixed 4.47%   -0.03 15 Year Fixed 3.48%   -0.03 10YR Treasury 2.73%   -0.0434 FNMA 30YR 3.5 100.73   +0.03 FNMA 15YR 2.5 103.05   -0.03 View Today's Rates

Wednesday March 12, 2014 MND NewsWire - 1:23PM Home Prices Actually Undervalued Based on Incomes -CoreLogic In an article that appeared recently in CoreLogic's blog, Popping the Housing Bubbly Theory, CoreLogic's Chief Economist Dr. Mark Fleming presents a different take on current home prices ... Mortgage Rate Watch - 3:36PM Mortgage Rates Continue Lower, Erasing Friday's Losses Mortgage rates moved lower at their best pace of the week today , undoing the damage from last Friday's Employment Situation report, and about a third of the week's total losses. Whereas ... MND NewsWire - 8:53AM Rising Rates Sap Mortgage Application Activity The strong uptick in mortgage applications during the week ended February 28 faded quickly and the Mortgage Bankers Association (MBA) said today that application volume has resumed ... Pipeline Press - 10:37AM New Correspondent Lender; Citi Changes Pricing Model; Does the Latest Fannie & Freddie Plan Mean Anything? Problems can be created by differences in education, nationality, or age. For example, the ICBA reports 90% of community bankers say their average customer is between the ages of 41 ... Commercial and Multifamily Debt Reaches New High MBS MID-DAY: Bond Markets in Stronger Territory but Off Best Levels Distressed Sale Dive Reflects Positive Transition in California Bipartisan Housing Reform Bill said ready for Senate Latest Video Sen. Warner: Fannie, Freddie proposal will pass Congress The great debate: stocks vs. bonds Investors plan for a correction More News from 'Around the Web' Calculated Risk Blog - 4:28PM Lawler: Early Read on Existing Home Sales in February The Big Picture - 4:20PM The Latest Dumb Proposal on Fannie & Freddie Bloomberg - 4:11PM Senate's Fannie Mae Wind-Down Plan Faces High Political Hurdles - Bloomberg www.aei.org - 3:21PM Johnson and Crapo plan will not protect taxpayers www.cfpbmonitor.com - 3:20PM CFPB debt collection survey: money misspent? DataQuick - 2:53PM February SoCal Home Sale Press Release Washington Post - 2:34PM What you need to know about the Federal Reserve's new cast members Reuters - 1:54PM Fed nominees Fischer and Brainard stress jobs, financial stability CRL - 1:53PM Fannie Mae, Freddie Mac Reform Must Serve the Whole Market Google News - 1:53PM Sens. Johnson, Crapo On The Right Track to Housing Reform Bloomberg - 12:39PM Mortgage Investors to Send Letters on Ocwen 'Servicing Abuses' - Bloomberg Reuters - 11:31AM Fed seen hiking U.S. rates in second half of 2015 as jobless rate falls Market Watch - 11:30AM Bond Report: Treasurys rise on global economic fears CNBC - 10:38AM Can't increase prices 'fast enough': Mohawk CEO Market Watch - 10:03AM Fannie, Freddie common shares extend plunge CNBC - 10:03AM After Fannie and Freddie - who's next? Bloomberg - 9:35AM Fed Inflation Goal Is Elusive as U.S. Rents Stabilize CNBC - 8:49AM As rates rise, mortgage apps slip CNBC - 8:45AM Wall Street hit by China, Ukraine concerns CNBC - 12:00AM Pimco Total Return cuts mortgage Today's Comments MBS Live Chat - 3:36PM "That's what I was thinking but just wanted to check every angle. Thanks for the help MND!..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.47% -0.03 15 Yr FRM 3.48% -0.03 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.31% -0.04 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 4.47% 0.28 -0.06 15 Yr. Fixed 3.52% 0.18 -0.04 30 Yr. Jumbo 4.37% 0.20 -0.10 30 Yr. FHA 4.13% 0.13 -0.04 5/1 ARM 3.09% 0.38 -0.08 Freddie Mac ** 30 Yr. Fixed 4.28% 0.70 -0.09 15 Yr. Fixed 3.32% 0.60 -0.07 1 Yr. ARM 2.52% 0.30 +0.00 5/1 Yr. ARM 3.03% 0.40 -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 96.55 +0.17 30YR FNMA 3.5 100.73 +0.03 30YR GNMA 3.0 98.34 +0.02 30YR GNMA 3.5 102.16 -0.05 15YR FNMA 3.0 103.05 -0.03 15YR FNMA 2.5 100.03 -0.02 Treasuries Yield Change 2 YR 0.3659% -0.0078 5 YR 1.5870% -0.0296 10 YR 2.7264% -0.0434 30 YR 3.6681% -0.0393 Prices as of: 3/12/2014 4:28PM 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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