Daily Newsletter: Second Home Market Rebounding Strongly; Rates Fall back to Unchanged After Fed Minutes; Refi Apps Continue Slide, Purchases Up

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30 Year Fixed 4.43%   +0.01 15 Year Fixed 3.44%   +0.00 10YR Treasury 2.69%   +0.0109 FNMA 30YR 3.5 100.97   -0.41 FNMA 15YR 2.5 103.25   +0.06 View Today's Rates

Wednesday April 9, 2014 MND NewsWire - 1:45PM Second Home Market Rebounding Strongly Although the second home mortgage market experienced a severe decline during the housing downturn, Americans still aspire to buy second homes and have contributed to the growth of the ... Mortgage Rate Watch - 3:28PM Mortgage Rates Fall Back to Unchanged After FOMC Mortgage rates began the day higher, but many lenders are set to end in line with yesterday's rates after this afternoon's FOMC Minutes. These are the meeting minutes from the Fed's ... MND NewsWire - 9:15AM Mortgage Applications Slide Overall, but Purchases Increase The Mortgage Bankers Association's Market Composite Index, a measure of mortgage application activity, inched down again during the week ended April 4, decreasing 1.6 percent on a seasonally ... MND NewsWire - 10:41AM More Mortgage and Banking M&A; Non-QM Company List; Mortgage Applications Drop Again The Dodd-Frank Act is almost 4-years old, but regulators have only completed 52% of its 398 rules, according to Davis Polk & Wardwell. For example, the Securities and Exchange Commission ... Commercial Lending up Big in 2013, Led by Multifamily Weather not the only Villain in Housing Start Slowdown Credit Availability Improves as Lenders Introduce Jumbo Programs Latest Video Be afraid of these 'secret' consumer scores Fed Minutes: Public should follow statement not forecasts Bond market read More News from 'Around the Web' Reuters - 4:09PM Fannie, Freddie shareholders lobby against U.S. housing reform bill Reuters - 3:27PM Fed still missing on goals, should be 'aggressive': Evans Reuters - 2:34PM Fed to hold rates until at least July 2015, says slim majority: Reuters poll Market Watch - 2:34PM The Fed: Fed dropped jobless target in secret meeting CNBC - 2:26PM Fed: Committee found 6.5% threshold 'outdated' www.cfpbmonitor.com - 2:26PM No CFPB regulations in 2014 implementing expanded ECOA small business data collection requirements Federal Reserve - 2:02PM Minutes of the Federal Open Market Committee, March 18-19, 2014 www.cfpbmonitor.com - 1:51PM CFPB General Counsel Meredith Fuchs in the "Disparate Impact" Hot Seat Reuters - 1:43PM Bank of America to pay $727 million to consumers over credit card problems CFPB - 1:40PM Explainer: Compensating consumers for Bank of America's illegal tactics for credit card add-on products Bloomberg - 1:00PM Allstate, Merrill Lynch to End $167 Million Mortgage Suit - Bloomberg Bloomberg - 12:36PM Nader Seeks Fannie Mae Value in Push Aiding Hedge Funds - Bloomberg CNBC - 11:51AM Is a 'Fed freakout' coming? CFPB - 11:29AM CFPB forum on the mortgage closing process in Washington, DC CNBC - 10:45AM A sign the labor market is improving Reuters - 10:43AM Wholesale inventories up, sales rebound freddiemac.mwnewsroom.com - 10:42AM Freddie Mac Extends Mortgage Relief to Washington Borrowers Affected by Disasters WSJ - 10:06AM Fed Officials Unclear on Why They Agreed On Rate Strategy Market Watch - 9:49AM Treasurys slide before auction, Fed minutes CNBC - 9:33AM Financial advisors say keep bonds but stay alert Today's Comments MBS Live Chat - 1:16PM "can some one explain to me simple terms what the "great rotation" is?..." MBS Live Chat - 1:17PM "movement from one class of investments into another..." MBS Live Chat - 1:18PM "Theory that ultra low bond yields with "rotate" investors into equities..." MBS Live Chat - 1:18PM "an overused term that borrows the words from a concept introduced in 2012 (!!) regarding the shift from the 30yr secular bull market in bonds to a bear market in bonds, with stocks picking up the extra cash, mostly...." MBS Live Chat - 1:24PM "AP, this was one of the best broad assessments (note the date stamp!) http://mndne.ws/1ekXXRH..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% +0.01 15 Yr FRM 3.44% +0.00 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.20% +0.00 5/1 Yr ARM 3.23% +0.03 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 4.41% 0.70 +0.01 15 Yr. Fixed 3.47% 0.60 +0.05 1 Yr. ARM 2.45% 0.40 +0.01 5/1 Yr. ARM 3.12% 0.50 +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 96.86 -0.31 30YR FNMA 3.5 100.97 -0.41 30YR GNMA 3.0 99.02 +0.09 30YR GNMA 3.5 102.67 +0.09 15YR FNMA 3.0 103.25 +0.06 15YR FNMA 2.5 100.55 -0.02 Treasuries Yield Change 2 YR 0.3671% -0.0318 5 YR 1.6299% -0.0378 10 YR 2.6935% +0.0109 30 YR 3.5701% +0.0288 Prices as of: 4/9/2014 4:20PM 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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