Daily Newsletter: Mortgage Rates Benefit From Geopolitical Tensions; Residential Construction Spending Improves; How Much Will Jobs Report Matter?

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30 Year Fixed 4.33%   -0.05 15 Year Fixed 3.37%   -0.03 10YR Treasury 2.60%   -0.0535 FNMA 30YR 3.5 101.67   +0.30 FNMA 15YR 2.5 103.69   +0.17 View Today's Rates

Monday March 3, 2014 Mortgage Rate Watch - 4:09PM Mortgage Rates Benefit From Geopolitical Tensions Mortgage rates moved noticeably lower today, as investors sought the relative safety of bond markets in response to geopolitical tensions in Ukraine. The mortgage-backed-securities ... MND NewsWire - 1:16PM Private Residential Construction Spending Rose in January The Census Bureau said today that construction put in place in January was at a seasonally adjusted annual rate of $943.1 billion, up 0.1 percent from December and 9.3 percent higher ... Pipeline Press - 9:16AM Freddie & Fortress Profits; Rates Continue Lower Due to Overseas Events Zelman & Associates invites readers to join them for an informative conference call to discuss their outlook on the housing market and mortgage environment TODAY, Monday, March ... MBS Commentary - 8:00AM MBS Week Ahead: Jobs Report Collides with Geopolitical Risk This week's calendar of economic data has a roughly average number of reports, but several of them are potent market movers. Friday's jobs report , of course, is the most important ... Weather Continues to Hamper Home Sales Realtor Lawsuit; Ocwen in the Hotseat - Who is William Erby? Bank Mergers Continue, Shrinking Numbers Latest Video Santelli Exchange: Digesting economic data Possible outcomes for unrest in Ukraine Buffett: We are not in a 'dangerous US fiscal situation' More News from 'Around the Web' Reuters - 4:58PM JPMorgan pays $400 million to settle with Syncora over toxic loans WSJ - 4:58PM Why Were Some Emerging-Market Countries Hit Harder by Taper Talk? blog.redfin.com - 4:58PM What is a Pre-Sale Condo Anyway? business.time.com - 4:57PM What Ukraine Means for the Markets WSJ - 2:46PM Obamacare Effects Account for Most of Income, Spending Increases CNBC - 1:03PM What is out of whack with housing? (Not the snow) National Housing Conference - 11:38AM Why housing needs a bigger boat for federal funding Market Watch - 10:29AM January construction spending rises 0.1% Reuters - 10:29AM U.S. manufacturing growth accelerates in February - ISM Reuters - 10:26AM PNC subpoenaed over mortgage lending practices www.gallup.com - 9:35AM U.S. Consumer Spending Rebounds in February Reuters - 9:29AM U.S. consumer spending rises in January Reuters - 9:27AM Investor Fairholme wants governance actions at Fannie, Freddie CNBC - 9:21AM US Manufacturing Purchasing Managers Index at 57.1 vs. 56.6 estimate Bloomberg - 7:59AM TARP Funds Demolish Homes in Detroit to Lift Prices: Mortgages Bloomberg - 7:55AM PNC Says It Was Served Subpoena on From DOJ, CFPB - Bloomberg Fannie Mae - 7:54AM Statements: Philip A. Laskawy, Chairman, Fannie Mae CNBC - 7:52AM US bonds rise on 'safe haven' bid Today's Comments MBS Live Chat - 2:05PM "Started talking about Russia off topic and it turned in to a rate conversation. I would be careful of floating past today or tmrw. The problem with geopolitical moves is the bond market will correct far quicker than you can and traders will soon start positioning themselves for the economic releases..." MBS Live Chat - 2:06PM "the other problem with it is the geopolical issue can be solved at any time, unlike an economic report that is released at a precise time..." MBS Live Chat - 2:11PM "Who is well versed in delayed financing? Putting together a brief presentation and do not want to reinvent the wheel. Any challenges you've seen?..." MBS Live Chat - 2:12PM "jpm - i would think the biggest hurdle might be the requirement that borrowed funds be paid back..." MBS Live Chat - 2:36PM "MG-With all of the employment data that comes out this week starting with ADP on Wed, how much continued weight will be given to developments in Ukraine do you think? I guess what I'm asking is that if we see stronger employment data this week, capped off with NFP on Fri, will we see bonds really spike..." MBS Live Chat - 2:36PM "2.8 or 2.9 would be a pretty aggressive swing from here...." MBS Live Chat - 2:37PM "excellent question. I think the first snappy move would only get us half-way there regardless of Ukraine..." MBS Live Chat - 2:39PM "The markets have seemed pretty comfy when the 10 year is in the 2.70-2.75 range. Once Ukraine calms down I'd expect us to find our way back there...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.33% -0.05 15 Yr FRM 3.37% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.20% -0.04 5/1 Yr ARM 3.26% +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 4.53% 0.31 +0.03 15 Yr. Fixed 3.56% 0.28 +0.01 30 Yr. Jumbo 4.47% 0.13 +0.02 30 Yr. FHA 4.17% 0.20 +0.01 5/1 ARM 3.17% 0.31 -0.03 Freddie Mac ** 30 Yr. Fixed 4.37% 0.70 +0.04 15 Yr. Fixed 3.39% 0.70 +0.04 1 Yr. ARM 2.52% 0.40 -0.05 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 97.48 +0.34 30YR FNMA 3.5 101.67 +0.30 30YR GNMA 3.0 99.36 +0.31 30YR GNMA 3.5 103.14 +0.25 15YR FNMA 3.0 103.69 +0.17 15YR FNMA 2.5 100.75 +0.25 Treasuries Yield Change 2 YR 0.3052% -0.0196 5 YR 1.4576% -0.0522 10 YR 2.6030% -0.0535 30 YR 3.5551% -0.0339 Prices as of: 3/3/2014 4:29PM 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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