Daily Newsletter: Mortgage Rates Sharply Higher; Home Equity Gains Stall in Q4; NAHB Upbeat on 2014; Mini-Correspondent Risks for Brokers

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30 Year Fixed 4.48%   +0.06 15 Year Fixed 3.48%   +0.05 10YR Treasury 2.74%   +0.0360 FNMA 30YR 3.5 100.88   -0.16 FNMA 15YR 2.5 103.23   -0.13 View Today's Rates

Thursday March 6, 2014 Mortgage Rate Watch - 4:39PM Mortgage Rates Sharply Higher; More Volatility Ahead Mortgage rates moved quickly higher today , in the context of their recent range. That is to say, today's "sharp" movement is nothing compared to those seen in mid 2013, but it did ... MND NewsWire - 12:27PM Home Equity Growth Stalled in Fourth Quarter An additional 4 million homes regained positive equity in 2013 CoreLogic said today, leaving 6.5 million homes still underwater; about half the number that were in that position at ... MND NewsWire - 1:54PM NAHB Leading Markets Data Bodes Well for 2014 Metropolitan areas considered leading markets on the National Association of Home Builders (NAHB)/First American index of that name increased to 59 this month, a net gain of one from ... Pipeline Press - 11:33AM What Brokers Need to Know About Mini-Corr; Nationstar Probed; Industry Trends Survey According to Gallup's 2013 annual Economy and Personal Finance survey, the average retirement age has crept up by four years over the past two decades, "from 57 in 1991 to the current ... Freddie Mac Weekly Rate Report Lagging Reality; Rates are Actually Higher Today MBS RECAP: Uneventful Afternoon After Morning Volatility Institutional Investors' Effect on Home Price Appreciation Full Work Week and Rate Rally Boost Mortgage Apps Latest Video Keep your eye on mortgage applications: Pro Feb. jobs report: What to expect Santelli: Interest rates move up More News from 'Around the Web' Calculated Risk Blog - 3:55PM Trulia: Asking House Prices up 10.4% year-over-year in February, Price increases "Slowdown" Reuters - 3:48PM Fed should proceed with bond-buying taper, Lockhart says www.cfpbmonitor.com - 3:47PM CFPB to conduct debt collection mail survey Market Watch - 2:51PM Market Extra: Soft jobs data are already baked into markets Market Watch - 1:59PM Investors ready for mortgage-credit risk: Treasury Bloomberg - 1:58PM Deutsche Bank Sells First Homeowner Energy-Efficiency Securities - Bloomberg CNBC - 12:32PM Household wealth rises to record $80.7 trillion CNBC - 11:35AM What happens to prices when Wall St is the landlord CNBC - 11:21AM Friday's jobs report: No surprise if it's chilled Bloomberg - 10:54AM Shiller's Bubble Warning Turns Prophecy for Banke NAHB - 10:47AM NAHB: Leading Markets Index Shows 59 Metros at or Above Normal Levels in March freddiemac.mwnewsroom.com - 10:45AM Freddie Mac: Fixed Mortgage Rates Reverse Course Reuters - 9:59AM Dudley says threshold high for changing taper plans Bloomberg - 9:20AM Draghi Says Inflation to Accelerate as Low ECB Rates Affirmed - Bloomberg Reuters - 9:20AM U.S. jobless claims tumble to three-month low CNBC - 8:34AM Planned layoffs in the US down 7.3% to 41,835: Challenger CNBC - 8:34AM Fed's Plosser 'very worried' about QE consequences Today's Comments MBS Live Chat - 8:51AM "One of the beauties of this site. Strength in numbers...." MBS Live Chat - 8:52AM "Back in the correspondent lending game. This site has more value than ever...." MBS Live Chat - 3:28PM "Can't get paid on profitability, really need to make sure clients want to float if you're going to. Only thing worse than having a client mad they locked too soon is losing floating loans completely when rates spike...." MBS Live Chat - 3:30PM "agree w/TR - explain extra 40-50bps in fee to clients 15 vs 60 day lock and involve them in lock/float decision..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% +0.06 15 Yr FRM 3.48% +0.05 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.32% +0.05 5/1 Yr ARM 3.24% +0.00 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 96.58 -0.17 30YR FNMA 3.5 100.88 -0.16 30YR GNMA 3.0 98.56 -0.08 30YR GNMA 3.5 102.41 -0.09 15YR FNMA 3.0 103.23 -0.13 15YR FNMA 2.5 100.23 -0.13 Treasuries Yield Change 2 YR 0.3451% +0.0120 5 YR 1.5671% +0.0295 10 YR 2.7355% +0.0360 30 YR 3.6890% +0.0469 Prices as of: 3/6/2014 4:31PM 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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