Daily Newsletter: America Back in Love With Housing?; CFPB Wants to Simplify Loan Closings; Rates Hold Steady; Price Growth Ebbs in Hot Markets

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30 Year Fixed 4.43%   +0.00 15 Year Fixed 3.50%   +0.01 10YR Treasury 2.69%   -0.0054 FNMA 30YR 3.5 101.17   +0.09 FNMA 15YR 2.5 103.00   +0.05 View Today's Rates

Thursday April 24, 2014 MND NewsWire - 12:28PM Increasingly Optimistic Attitudes on Housing Market A new Gallup survey seems to indicate that Americans are falling in love with real estate again . The poll, conducted among over a thousand respondents this month, shows that 56 percent ... MND NewsWire - 10:20AM CFPB Pilot Program Seeks to Lessen Closing Table Pain The mortgage closing table is the site of considerable pain and confusion for homebuyers, Richard Cordray, Director of the Consumer Financial Protection Bureau (CTFP) told a Mortgage ... Mortgage Rate Watch - 3:06PM Mortgage Rates Hold Steady Despite Stronger Data Mortgage rates held were mostly sideways today. In cases where rate sheets differed from yesterday, the tendency was toward just slightly higher rates. The move was small enough that ... MND NewsWire - 10:54AM Price Growth Slows in Once Hot Markets Sales of residential properties were marginally higher in March than in February and the median price of both distressed and non-distressed properties also increased slightly RealtyTrac ... MBS MID-DAY: Volatile Morning Leaves MBS Just Barely Positive Buffett Ready to Step in for Fannie & Freddie? Breaking News: CFPB Research Discovers Confused Borrowers California Pending Sales Surge; Short Sales Lowest since 2008 Housing Market Improving at Slower Pace, but There's a Catch Home Sales Tank; Inventories and Prices Surge Latest Video DR Horton announces express homes Putin: Ukraine military force will have consequences Santelli: 10-year going sideways More News from 'Around the Web' freddiemac.mwnewsroom.com - 3:55PM Freddie Mac Reduces Taxpayer Exposure With $269.5 Million Credit Risk Insurance Policies www.justice.gov - 3:55PM Maryland Man Sentenced for Defrauding Thousands of Homeowners in $4 Million Nationwide Home Loan Modification Scam Bloomberg - 3:03PM Builders Rise as Earnings Beat Estimates, Allaying Fears - Bloomberg rss.nytimes.com - 2:28PM The Housing Market Is Still Holding Back the Economy. Here's Why. WSJ - 2:27PM District of Columbia the Nation's Most Expensive Place to Live NAHB - 1:12PM Housing and the Economy to Continue on an Upward Path, Economists Say CNBC - 1:11PM Largest US builder bets on bargain homes www.cfpbmonitor.com - 1:10PM CFPB Announces New eClosing Mortgage Initiative time.com - 11:24AM There's a Dangerous New Way to Get a Quick Loan CNBC - 10:31AM Russia starts military drills near Ukraine: Reports www.firstam.com - 10:26AM First American Financial Reports First Quarter 2014 Results www.aei.org - 10:24AM A new housing bubble? Market Watch - 9:41AM Summers: Economic pickup could come on unstable ground CNBC - 9:34AM Mixed bag: US durables surge--but so do claims freddiemac.mwnewsroom.com - 9:09AM Freddie Mac Issues Monthly Volume Summary for March 2014 blog.redfin.com - 8:37AM 1 in 4 American Homeowners have Buyer's Remorse About Current Home, According to Nationwide Survey www.gallup.com - 8:37AM Optimism for Rising U.S. Home Values Is Highest Since 2007 NAFCU - 8:35AM CFPB may review QM points-and-fees requirement NAFCU - 8:34AM NAFCU at White House to discuss GSE reform Reuters - 8:29AM Futures gain on tech results Today's Comments MBS Live Chat - 1:08PM "Anyone know which mortgagee letter references FHA appraisals regarding flips? I am trying to google it but having a hard time finding it..." MBS Live Chat - 1:10PM "This what you are looking for CM http://mndne.ws/1mJ3X9n..." MBS Live Chat - 1:20PM "no one can compete on jumbos right now with retail..." MBS Live Chat - 1:20PM "People with lower Max comp in their comp plan can..." MBS Live Chat - 1:20PM "4% with credits? No way..." MBS Live Chat - 1:22PM "MM, I'm at .625 with $4,500 back to borrower towards cost or 4.5 with $2,500 back..." MBS Live Chat - 1:23PM "wells retail would be at most 4.25 with that rebate...like OO said, nobody can compete with retail on jumbos now..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% +0.00 15 Yr FRM 3.50% +0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.20% -0.01 5/1 Yr ARM 3.22% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.49% 0.50 +0.02 15 Yr. Fixed 3.55% 0.33 +0.01 30 Yr. Jumbo 4.41% 0.34 +0.02 30 Yr. FHA 4.20% 0.41 +0.06 5/1 ARM 3.16% 0.36 +0.01 Freddie Mac ** 30 Yr. Fixed 4.33% 0.60 +0.06 15 Yr. Fixed 3.39% 0.60 +0.06 1 Yr. ARM 2.44% 0.50 +0.00 5/1 Yr. ARM 3.03% 0.50 +0.00 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 97.13 +0.11 30YR FNMA 3.5 101.17 +0.09 30YR GNMA 3.0 99.03 +0.16 30YR GNMA 3.5 102.45 +0.11 15YR FNMA 3.0 103.00 +0.05 15YR FNMA 2.5 100.41 +0.13 Treasuries Yield Change 2 YR 0.4457% +0.0039 5 YR 1.7446% +0.0285 10 YR 2.6860% -0.0054 30 YR 3.4577% -0.0149 Prices as of: 4/24/2014 3:57PM 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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