Daily Newsletter: Mortgage Rates Edge up to 2-Week Highs; Home Remodeling Outlook Staying Strong; Ocwen Servicing Freeze

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30 Year Fixed 4.46%   +0.02 15 Year Fixed 3.51%   +0.02 10YR Treasury 2.72%   -0.0055 FNMA 30YR 3.5 100.75   +0.06 FNMA 15YR 2.5 102.72   +0.06 View Today's Rates

Monday April 21, 2014 Mortgage Rate Watch - 3:13PM Mortgage Rates Edge up to 2-Week Highs Mortgage rates were just slightly higher today, extending a more forceful move higher last Thursday. Whereas markets reacted to deescalating tension in Ukraine and stronger domestic ... MND NewsWire - 9:36AM Home Remodeling Growth Projections Extended Home remodeling remains strong throughout the country although it has begun to experience some of the moderation that has been predicted since late last year. The Remodeling Futures ... Pipeline Press - 9:32AM Ocwen Freezes Servicing Deals; US Bank Earnings; Another Stated Income Program The commentary on Saturday noted predictions for 2014, and how things were shaping up so far. Attorney Phil Stein observed, "Here is another issue to consider about how 2014 is shaping ... MBS Commentary - 12:09PM MBS MID-DAY: Holiday Weekend Unofficially Extending Today If bond market activity is any indication, today might as well be another day of the extended holiday weekend. In fact, this is officially the case in Europe, which is part of the reason ... MBS Week Ahead: Limited Data and Events Leave Focus on Headlines CFPB Disclosure Form News; Create Your Freddie User Profile; How is April Looking for Lenders? Homes in Foreclosure Increasingly have Positive Equity Purchases Continue Taking Market Share; FICOs Trending Lower Latest Video Yellen won't rush to raise rates: Pro Cashin: Expect sleepy session US economy on slow grind back: Expert More News from 'Around the Web' WSJ - 3:20PM Is the Government Charging Too Much For Mortgages? Washington Post - 3:17PM Why a government agency won't lower mortgage fees for borrowers CNN - 1:44PM 700-page book by French economist is Amazon's top seller S&P/Case Shiller - 3:20PM Housing Looking for Good Old Days Reuters - 1:44PM Loan fund investors pull cash with Fed rate hikes on hold Washington Post - 1:44PM How the Small Business Administration just made it a little easier to secure a loan Reuters - 1:44PM Jobless rate still good gauge of slack: Fed study Fannie Mae - 11:51AM News Release - Fannie Mae Multifamily Provides Consistent ... Bloomberg - 11:51AM SunTrust Climbs After Beating Analysts' Estimates - Bloomberg NAHB - 11:51AM Top 10 Tips from NAHB Remodelers to Prepare Your Home for Spring after Severe Winter NY Fed - 10:34AM New York Fed Poll Looks at Superstorm Sandy's Impact on Small Businesses Market Watch - 10:34AM Treasurys gain as Ukraine violence escalates CNBC - 10:34AM Leading indicators rise 0.8%, inch above estimates NAFCU - 8:43AM Mortgage closing topic of CFPB forum Wednesday CNBC - 7:57AM How to resolve shadow banking: Minsheng Bank executive CNBC - 7:56AM US markets return from Easter for busy results week Today's Comments MND NewsWire - 5:25PM "Very tight market here in Portland, lots of buyers and not enough sellers...." MBS Live Chat - 12:48PM "anyone familiar with the freddie 1st look initiative?..." MBS Live Chat - 12:50PM "http://mndne.ws/1i8Pwnj..." MBS Live Chat - 12:51PM "Jeff - first 20 days of a Freddie owned listing is limited to owner occupants only...." MBS Live Chat - 12:55PM "thanks, and what is Freddie's equivalent program to HomePath Renovation? the property in question is As-is and needs work. If no other option, we can give 203k a shot...." MBS Live Chat - 1:03PM "If anyone has closed a Homepath Renovation loan (or Freddie's equivalent) you have nothing but utter respect and admiration from me...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.46% +0.02 15 Yr FRM 3.51% +0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.22% +0.02 5/1 Yr ARM 3.24% +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 4.47% 0.32 -0.09 15 Yr. Fixed 3.54% 0.24 -0.08 30 Yr. Jumbo 4.39% 0.18 -0.10 30 Yr. FHA 4.14% 0.06 -0.05 5/1 ARM 3.15% 0.41 -0.11 Freddie Mac ** 30 Yr. Fixed 4.27% 0.70 -0.07 15 Yr. Fixed 3.33% 0.60 -0.05 1 Yr. ARM 2.44% 0.50 +0.03 5/1 Yr. ARM 3.03% 0.50 -0.06 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 96.69 +0.11 30YR FNMA 3.5 100.75 +0.06 30YR GNMA 3.0 98.50 -0.23 30YR GNMA 3.5 102.00 -0.14 15YR FNMA 3.0 102.72 +0.06 15YR FNMA 2.5 100.00 +0.02 Treasuries Yield Change 2 YR 0.3952% -0.0041 5 YR 1.7210% -0.0099 10 YR 2.7151% -0.0055 30 YR 3.5210% +0.0042 Prices as of: 4/21/2014 3:55PM 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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