Daily Newsletter: Mortgage Rates Down Big--Lowest in a Month; Foreclosures Doubled in Some States Despite Broad Decline

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30 Year Fixed 4.35%   -0.08 15 Year Fixed 3.37%   -0.07 10YR Treasury 2.64%   -0.0525 FNMA 30YR 3.5 101.34   +0.39 FNMA 15YR 2.5 103.50   +0.25 View Today's Rates

Thursday April 10, 2014 Mortgage Rate Watch - 2:43PM Mortgage Rates Down Big; Lowest in a Month Mortgage rates began the day without any hint of the drama that was to come. The first rate sheets of the day were little-changed compared to yesterday's latest offerings. Then markets ... MND NewsWire - 1:26PM Foreclosures have Doubled in Some States Despite Overall Decline RealtyTrac reported today that an uptick in foreclosure starts last month drove an overall increase in the nation's foreclosure activity. There was a 7 percent jump in the filings of ... Pipeline Press - 10:25AM Ocwen's Racketeering Lawsuit; MD Halts Eminent Domain; Latest on Agency Debate Sometimes my 91-year old Dad's sense of humor grows tiresome. For example his, "How do you know it when you see a mortgage guy at the supermarket? He asks, "Paper or plastic (cackle ... MBS Commentary - 12:33PM MBS MID-DAY: Snowball Buying Brings Bonds to Best Levels in a Month. Earlier this morning, there was a solid 30 minutes where it looked like stronger economic data would make things challenging for bond markets heading into the afternoon. But half an ... Second Home Market Rebounding Strongly More Mortgage and Banking M&A; Non-QM Company List; Mortgage Applications Drop Again Mortgage Applications Slide Overall, but Purchases Increase Latest Video Icahn: Major correction coming Legg Mason's Bill Miller bets on subprime growth Marc Faber: Coming crash will be worse than 1987 More News from 'Around the Web' Reuters - 3:55PM Dealers shifted rate view after Fed meeting: NY Fed poll Market Watch - 3:18PM Emerging-market meltup or U.S. correction? CNBC - 3:17PM Why hedge fund losses can hurt you Market Watch - 3:17PM Financial stocks fall ahead of bank earnings Reuters - 3:17PM U.S. March budget shrinks more than expected Bloomberg - 1:54PM Treasuries Rise After 30-Year Auction Demand Exceeds Average - Bloomberg rss.nytimes.com - 1:30PM House Approves Budget With Big Spending Cuts CNBC - 12:51PM Cashin: 'We need to be very careful' Calculated Risk Blog - 10:57AM Trulia: Asking House Prices up 10.0% year-over-year in March WSJ - 10:56AM Financial Stability Concerns Becoming Bigger Factor in Fed Debates CNBC - 10:55AM 85% of pensions could fail in 30 years www.cfpbmonitor.com - 10:54AM Bill to create CFPB small business advisory board introduced Market Watch - 10:29AM Analysts see strong headwinds for bank earnings freddiemac.mwnewsroom.com - 10:28AM FREDDIE MAC: Fixed Mortgage Rates Tick Down Reuters - 8:39AM Jobless claims tumble to near seven-year low Bloomberg - 8:32AM Lenders Pushing Court Foreclosures Means More Inventory CNBC - 8:29AM US foreclosures at a 2007 low NAFCU - 8:28AM CFPB to host mortgage forum April 23 CNBC - 8:27AM US bonds higher ahead of $13 billion auction Today's Comments MBS Live Chat - 1:10PM "Anyone see Marc Faber's prediction today of a Stock Market Crash in the next 12 mos that is worse than 1987?..." MBS Live Chat - 1:11PM "Doesn't he say that every year?..." MBS Live Chat - 1:34PM "Break 2.60 today????..." MBS Live Chat - 1:36PM "mg? how is the volume on this rally?..." MBS Live Chat - 1:37PM "Not going to make it up to NFP-day volume Vic, but 2nd highest recent day by a fairly wide margin..." MBS Live Chat - 1:38PM "Well that's even more encouraging...." MBS Live Chat - 1:40PM "I wouldn't say there's anything especially encouraging about the high volume. It has to be high due to the nature of the move (i.e. accounts being forced in to cover positions due to the size of the move)...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.35% -0.08 15 Yr FRM 3.37% -0.07 FHA 30 Year Fixed 3.75% -0.25 Jumbo 30 Year Fixed 4.12% -0.08 5/1 Yr ARM 3.25% +0.02 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 4.56% 0.33 +0.00 15 Yr. Fixed 3.62% 0.31 +0.00 30 Yr. Jumbo 4.49% 0.14 +0.03 30 Yr. FHA 4.19% 0.16 -0.02 5/1 ARM 3.26% 0.31 +0.01 Freddie Mac ** 30 Yr. Fixed 4.34% 0.70 -0.07 15 Yr. Fixed 3.38% 0.60 -0.09 1 Yr. ARM 2.41% 0.50 -0.04 5/1 Yr. ARM 3.09% 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 97.25 +0.41 30YR FNMA 3.5 101.34 +0.39 30YR GNMA 3.0 99.34 +0.34 30YR GNMA 3.5 102.97 +0.30 15YR FNMA 3.0 103.50 +0.25 15YR FNMA 2.5 100.81 +0.28 Treasuries Yield Change 2 YR 0.3511% -0.0160 5 YR 1.5872% -0.0443 10 YR 2.6446% -0.0525 30 YR 3.5194% -0.0558 Prices as of: 4/10/2014 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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