Daily Newsletter: Mortgage Rates Slightly Lower to End Week; FHFA Settlement; CFPB Videos; Rental Securitization

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30 Year Fixed 4.53%   -0.03 15 Year Fixed 3.52%   -0.03 10YR Treasury 2.74%   -0.0308 FNMA 30YR 3.5 100.47   +0.25 FNMA 15YR 2.5 102.70   +0.17 View Today's Rates

Friday March 21, 2014 Mortgage Rate Watch - 2:32PM Mortgage Rates Slightly Lower to End Week Mortgage rates managed to move lower today, generally erasing yesterday's increases. There was very little by way of market-moving events to motivate the changes. Considering that yesterday ... Pipeline Press - 10:48AM CFPB on YouTube; Securitizing Rental Properties; LO Occupation at Risk? It is so sad that America ranks 25th in the world in math. But at least we're still in the top 10. Speaking of math, the Census Bureau tells us that the wealthiest 10% of American households ... MBS Commentary - 8:00AM MBS Day Ahead: Bond Markets Looking For Exit; Meaningless Existence Without Data Apart from April options expiry in Treasuries, there's really not anything to trade on today for bond markets. Wednesday's Fed forecast speedbump was the big mover, and there's little ... Existing Home Sales Lowest Since July 2012 Fitch Analyzes Non-QM Market; Redwood Trust Non-Agency Deal; DOJ Report on Fraud Latest Video Bond yields waiting on jobs data: Pro Great time to buy a house: Expert Zillow ranks best housing markets More News from 'Around the Web' Federal Reserve - 4:18PM Federal Reserve issues corrected results for the 2014 Dodd-Frank Act stress test www.cfpbmonitor.com - 4:18PM The CFPB's Debt Collection Complaint Report: Lots of Fury Signifying Nothing CNN - 4:18PM Your home: It pays to keep up with the Joneses Reuters - 4:18PM Yellen likely repeated market views on rate hike timing: Fed's Bullard FHFA - 2:51PM FHFA Announces $885 Million Settlement With Credit Suisse Washington Post - 2:50PM More than 40 percent of the homes for sale in San Francisco are now asking more than $1 million Market Watch - 2:50PM Credit Suisse to pay $885 mln in FHFA settlement CNBC - 2:49PM Fed's Fisher says effectiveness of quantitative easing is exhausted: DJ CNBC - 1:40PM Why Goldman is worried about BofA CNBC - 1:39PM Three reasons to cheer rising rates: Yoshikami Realtor.Org - 1:39PM Brown Meets at White House as Mortgage Reform Gains Steam www.collateralvision.com - 1:00PM Latest Home Price Numbers Reveal Decrease in Pittsburgh Area stream.wsj.com - 12:59PM Minneapolis Fed's Kocherlakota Says Fed Not Moving to More Hawkish Stance - Wall Street Journal CNBC - 12:16PM Yellen's 'gaffe' that wasn't CNBC - 12:14PM Fight! Wall Street dukes it out over gold, housing Market Watch - 10:57AM Bond Report: Treasury curve flattest since 2012 as Fed weighs Bloomberg - 10:54AM SEC Said Examining Hidden Electronic Bond Trading Prices blog.redfin.com - 10:15AM Home Buying and Selling Calendar CNBC - 10:09AM Will the American Dream include a home? CNN - 10:09AM S&P 500 hits record high Today's Comments MBS Live Chat - 10:27AM "Follow up question from yesterday regarding IRS tax validation. Does the borrower have to go in to get validated, or can another party do so? If the prepared return is signed...." MBS Live Chat - 10:31AM "IRS is picky about verifying who they talk to... you may need a notary authorized document..." MBS Live Chat - 10:39AM "Justin, have the customer do it directly at an IRA office if you want it done right, and quickly...." MBS Live Chat - 10:51AM "hey all, what turntime have you been seeing at the IRS to validate/4506 a 2013 return? Got a borrower that had to qualify on 12-13, he filed in late January. Still no results for 2013...." MBS Live Chat - 10:51AM "paper filing 4-6 weeks..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.53% -0.03 15 Yr FRM 3.52% -0.03 FHA 30 Year Fixed 4.00% -0.06 Jumbo 30 Year Fixed 4.33% +0.03 5/1 Yr ARM 3.25% +0.01 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 96.36 +0.25 30YR FNMA 3.5 100.47 +0.25 30YR GNMA 3.0 98.22 +0.28 30YR GNMA 3.5 101.91 +0.27 15YR FNMA 3.0 102.70 +0.17 15YR FNMA 2.5 99.91 +0.20 Treasuries Yield Change 2 YR 0.4286% +0.0048 5 YR 1.7088% +0.0037 10 YR 2.7444% -0.0308 30 YR 3.6077% -0.0578 Prices as of: 3/21/2014 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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