Daily Newsletter: Mortgage Rates Higher Ahead of Jobs Report; Renter/Owner Housing Cost Disparity; Foreclosure Review Payout Scrutiny

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30 Year Fixed 3.41%   +0.03 15 Year Fixed 2.71%   +0.01 10YR Treasury 1.63%   -0.0035 FNMA 30YR 3.5 106.50   -0.06 FNMA 15YR 2.5 105.55   0.00 View Today's Rates

Thursday May 2, 2013 Mortgage Rate Watch - 3:16PM Mortgage Rates Ease Off The Throttle Ahead of Jobs Report Mortgage rates broke a 4 day winning streak today, moving moderately higher after hitting 2013 lows yesterday. For many, the difference will be immaterial as today's average rate is ... MND NewsWire - 2:16PM Disparity in 'Severe Housing Costs' Between Renters and Owners The Center for Housing Policy today released a report on housing affordability among working households in the US. The report concludes an ongoing uptrend in the incidence of “ ... MND NewsWire - 12:48PM Foreclosure Review Payouts Coming Under Congressional, Media Scrutiny Congressman Elijah E. Cummings recently introduced a bill that would create an independent monitor to oversee the distribution of funds paid by mortgage services to borrowers to compensate ... MBS Commentary - 4:23PM MBS RECAP: Mario Washes Out Stronger Claims; NFP Tomorrow MBS Live : MBS Afternoon Market Summary Yesterday's respectable rally to the best levels of the year turns out to have been markets' way of taking a more defensive stance against this ... Earnings Indicating Industry Trends; Focus on The Senate Regarding FHFA MBS MID-DAY: Working Through Weakness After Jobless Claims Data Latest Video Draghi's Promise 'Just Words': Gemma Godfrey Hedge Funds As Landlords Santelli's Pie-Policy Economics More News from 'Around the Web' CNBC - 3:41PM Blackstone's Housing Bet Swells to $4.5 Billion Bloomberg - 3:41PM Blankfein Sees Parallels to 1994 Interest-Rate Increases - Bloomberg Bloomberg - 3:41PM How 30-Year Mortgages Saved the Housing Market - Bloomberg Bloomberg - 2:47PM Beazer Rises After CEO Forecasts a Profit: Atlanta Mover - Bloomberg CNBC - 2:46PM Rotation Not From Fixed-Income: Pro CNBC - 12:50PM Map Draws Battle Lines in Mortgage Deduction Fight WSJ - 12:33PM Five Takeaways From ECB Decision and Draghi Press Conference National Housing Conference - 12:23PM More than a quarter of working renter households spends more than half of income on housing The Huffington Post - 10:59AM Peter G. Miller: Down Payment Debate Flares Again CNBC - 10:37AM Investors Pile Into Housing Even as Prices Rise S&P/Case Shiller - 10:36AM Principal Forgiveness, Still The Best Way To Limit U.S. Mortgage Redefaults, Is Becoming More Prevalent The Huffington Post - 10:35AM Mel Watt Picks Up GOP Backing As White House Loan-Forgiveness Scheme Gets Validation freddiemac.mwnewsroom.com - 10:09AM Freddie Mac: Mortgage Rates Keep Pushing Lower Bloomberg - 12:28PM BOJ's Kuroda Says Economic Recovery May Be Clear From Mid-2013 - Bloomberg Today's Comments MBS Live Chat - 1:50PM "with the ism employment numbers, higher claims middle of last month, lower adp, nfp sure seems like a miss low..." MBS Live Chat - 1:52PM "Guys are we in a bubble? Trying to get varying opinions. Only reason I "humbly" think no is because aside from the supply/demand difference. the buyers today are qualified, full doc'd, and majority 30 fixed...." MBS Live Chat - 1:53PM "also..i'm trying to get a borrower off the fence and act already. He's been on the sidlines for 6 months already with offers passing him by on a monthly basis...." MBS Live Chat - 1:54PM "here is an blog from mish, on that subject http://globaleconomicanalysis.blogspot.com/2013/04/here-we-go-again-builders-hold.html..." MBS Live Chat - 1:55PM "fha mips..." MBS Live Chat - 1:56PM "perpetual... when does that start again? the mortgagee letter i'm looking at says case files on or after May 6th, 2013..." MBS Live Chat - 1:56PM "but i'm hearing another source saying it's June 3rd...." MBS Live Chat - 1:56PM "which is correct?..." MBS Live Chat - 1:56PM "I thought June..." MBS Live Chat - 1:57PM "Yes, June 3rd..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.41% +0.03 15 Yr FRM 2.71% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.54% +0.00 5/1 Yr ARM 2.96% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.78% 0.76 +0.08 30 Yr. Fixed 3.53% 1.11 +0.06 MBA ** 30 Yr. Fixed 3.67% 0.50 -0.01 15 Yr. Fixed 2.91% 0.34 -0.01 30 Yr. Jumbo 3.77% 0.27 -0.02 30 Yr. FHA 3.37% 0.55 -0.06 5/1 ARM 2.57% 0.29 -0.01 Freddie Mac ** 30 Yr. Fixed 3.35% 0.70 -0.05 15 Yr. Fixed 2.56% 0.70 -0.05 1 Yr. ARM 2.56% 0.30 -0.06 5/1 Yr. ARM 2.56% 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 3.0 104.64 -0.08 30YR FNMA 3.5 106.50 -0.06 30YR GNMA 3.0 106.44 -0.05 30YR GNMA 3.5 108.78 -0.09 15YR FNMA 3.0 105.55 0.00 15YR FNMA 2.5 104.52 -0.06 Treasuries Yield Change 2 YR 0.1997% -0.0038 5 YR 0.6473% -0.0048 10 YR 1.6255% -0.0035 30 YR 2.8211% -0.0045 Prices as of: 5/2/2013 4:31PM 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Mel Watt Named New FHFA Director; No Change In Fed Policy; Rates Lower Still

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30 Year Fixed 3.38%   -0.04 15 Year Fixed 2.70%   -0.03 10YR Treasury 1.63%   -0.0393 FNMA 30YR 3.5 106.56   +0.02 FNMA 15YR 2.5 105.55   -0.02 View Today's Rates

Wednesday May 1, 2013 MND NewsWire - 4:45PM Mel Watt Officially Nominated to Head FHFA Confirming earlier speculation, President Barack Obama this afternoon nominated Congressman Mel Watt (D-NC) to be the director of the Federal Housing Finance Agency (FHFA) . Watt, who ... MBS Commentary - 2:01PM Differences Between Current And Previous FOMC Statements Release Date: March 20, May 1, 2013 For immediate release Information received since the Federal Open Market Committee met in January March suggests a return to moderate that economic ... Mortgage Rate Watch - 4:02PM Mortgage Rates Improve Following Employment Data And FOMC Mortgage rates kept falling today, further extending the run into the lowest rates of 2013, but not quite in all-time low territory yet. Much of today's improvement was a factor of ... MND NewsWire - 9:04AM Lower Rates send Refi Activity back to January Levels Applications for refinancing increased during the week ended April 26 driving the Mortgage Bankers Association's (MBA) Market Composite Index up 1.8 percent on a seasonally adjusted ... MBS RECAP: Defensive Rally Into Fed Fades After Status Quo Statement CFPB on Small Lenders and the Cost of Compliance; Does Hedging Mean Free Lock Renegotiations? DeMarco Out? Rumors say Director Appointment Imminent Latest Video PIMCO's Gross: We Are Not Headed Into Recession Art Cashin: 'Bond Boys' Saying Rally Has Room Will Rep. Watts Help Housing? More News from 'Around the Web' CNBC - 3:13PM Small, One Sentence Add to FOMC Statement Makes a Difference Bloomberg - 3:13PM Obama Names Watt for Housing Finance Post, Wheeler at FCC - Bloomberg CNBC - 2:28PM Fed Keeps Pedal to the Metal as Economy Wobbles CNBC - 2:08PM Housing in 'Early Stages' of Recovery: Trulia CEO Washington Post - 1:26PM D.C. suburbs take advantage of mortgage interest deduction at highest rate in the country Google News - 1:21PM Statement From NAR President Gary Thomas on Melvin Watt's Nomination to Head FHFA Bloomberg - 12:35PM Italy Won't Seek EU Extension of Budget Deficit Goal, Letta Says - Bloomberg Google News - 12:34PM Statement From NAR President Gary Thomas on Melvin Watt's Appointment to FHFA The Basis Point - 12:33PM BUILD YOUR OWN FED STATEMENT! (5/1/2013 edition) S&P/Case Shiller - 11:47AM Rise and Fall CNBC - 11:45AM Pro: Bonds & Stocks Will Keep Rallying Together CNBC - 11:37AM Jobs Cut as Sequester Impact Hits CNN - 11:35AM Pimco's Bill Gross gets bullish. Sorta. WSJ - 10:30AM Labor Force Participation Feud: Closing Arguments Today's Comments MBS Live Chat - 2:00PM "RTRS- FED SAYS ANTICIPATES INFLATION OVER MEDIUM-TERM LIKELY WILL RUN AT OR BELOW ITS 2 PCT OBJECTIVE..." MBS Live Chat - 2:00PM "RTRS- FED SAYS VOTE IN FAVOR OF POLICY WAS 11-1; GEORGE DISSENTED OVER CONCERNS MONETARY ACCOMMODATION RISKED FUTURE IMBALANCES, COULD LIFT INFLATION EXPECTATIONS..." MBS Live Chat - 2:01PM "inflation not an issue..." MBS Live Chat - 2:01PM "increase or decrease new verbiage MG?..." MBS Live Chat - 2:02PM "did I hear a "substantial improvement in labor market" criteria?..." MBS Live Chat - 2:02PM "Bloomberg said new language..." MBS Live Chat - 2:15PM "mg, once again, been with you for years and I cannot thank you for this amazing website. Pays for itself 1000 fold!..." MBS Live Chat - 2:16PM "You got it OO. Thank you for being a part of the community..." MBS Live Chat - 3:04PM "REPRICE : 3:04 PM - Wells Fargo Better..." MBS Live Chat - 3:48PM "REPRICE : 3:48 PM - Flagstar Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.38% -0.04 15 Yr FRM 2.70% -0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.54% +0.00 5/1 Yr ARM 2.97% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.78% 0.76 +0.08 30 Yr. Fixed 3.53% 1.11 +0.06 MBA ** 30 Yr. Fixed 3.67% 0.50 -0.01 15 Yr. Fixed 2.91% 0.34 -0.01 30 Yr. Jumbo 3.77% 0.27 -0.02 30 Yr. FHA 3.37% 0.55 -0.06 5/1 ARM 2.57% 0.29 -0.01 Freddie Mac ** 30 Yr. Fixed 3.40% 0.80 -0.01 15 Yr. Fixed 2.61% 0.70 -0.03 1 Yr. ARM 2.62% 0.30 -0.01 5/1 Yr. ARM 2.58% 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 3.0 104.72 +0.09 30YR FNMA 3.5 106.56 +0.02 30YR GNMA 3.0 106.48 +0.06 30YR GNMA 3.5 108.88 -0.05 15YR FNMA 3.0 105.55 -0.02 15YR FNMA 2.5 104.58 +0.05 Treasuries Yield Change 2 YR 0.2035% -0.0078 5 YR 0.6521% -0.0223 10 YR 1.6290% -0.0393 30 YR 2.8256% -0.0453 Prices as of: 5/1/2013 4:32PM 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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