Daily Newsletter: Mortgage Rates Continue Higher; Short Sales Drying Up; Vacation Sales Pick up Slack

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30 Year Fixed 4.56%   +0.02 15 Year Fixed 3.54%   +0.02 10YR Treasury 2.80%   +0.0474 FNMA 30YR 3.5 100.14   -0.30 FNMA 15YR 2.5 102.53   -0.19 View Today's Rates

Wednesday April 2, 2014 Mortgage Rate Watch - 3:14PM Mortgage Rates Continue Higher as Jobs Report Approaches Mortgage rates moved higher again today, this time taking them definitively past any of the recent highs in March. In fact, to find rate sheets in any worse shape on average, you'd ... MND NewsWire - 1:51PM Loan Modifications Stay Steady as Short Sales Dry Up The government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac continued active foreclosure prevention activities in the fourth quarter of 2013, completing just shy of 100,000 ... MND NewsWire - 10:55AM Vacation Home Sales Pick up Slack as Investments Wane Vacation home purchases recovered strongly in 2013, helping to offset some of the inevitable flagging interest in investment purchases the National Association of Realtors® (NAR ... Pipeline Press - 9:50AM Implications of Ellie Mae Outage; Mortgage Applications Continue to Drop; What is "Gain on Sale"? Friday we'll have the employment data, or unemployment data, depending on how you'd like to look at it. Cynics in residential lending and other heavily regulated industries think that ... Purchase Applications up Slightly, More than Offset by Drop in Refis MBS MID-DAY: Bond Markets on the Ropes After Decent Economic Data Massive Software Outage Brings Some Mortgage Operations to a Standstill Latest Video Weather no longer an excuse Millionaires ignite real estate bidding war Santelli: High yield train has left the station More News from 'Around the Web' WSJ - 3:38PM Some Americans Paid Off Credit Cards While Waiting for Foreclosure WSJ - 3:38PM Construction Is Muted Because Too Many Buildings Went Up During the Boom Bloomberg - 3:01PM Carry Trade Still Works Post-Fed QE, HSBC to Deutsche Bank Say - Bloomberg CNBC - 2:59PM Front running; CNBC Explains CNBC - 2:59PM Cashin: How traders are betting on the jobs number House Financial Services - 2:50PM CFPB Director Cordray to Whistleblower: "Tell Your Attorneys to Back Down" Bloomberg - 1:06PM Rental-Bond Investors Said to Seek Higher Yields in Colony Deal - Bloomberg freddiemac.mwnewsroom.com - 1:03PM Freddie Mac Prices Second STACR Credit Risk Sharing Transaction of 2014 FHFA - 11:49AM Fannie Mae and Freddie Mac Foreclosure Prevention Actions Top 3.1 Million Reuters - 10:21AM U.S. factory orders surge in February CNN - 10:03AM What's next for housing in your town CNN - 10:03AM Dreary outlook for formerly hot housing markets CNN - 9:35AM Housing heats up in booming growth cities Market Watch - 8:55AM Treasurys extend fall after ADP payrolls report CNBC - 8:53AM US economy generated 191K jobs last month: ADP Reuters - 8:14AM U.S. mortgage applications fell last week: MBA Washington Post - 8:13AM Think tank: Congress, you fix the economy CNBC - 8:11AM US bond markets await ADP employment report Today's Comments MBS Live Chat - 12:10PM "Has anyone encountered problems with cash deposits, and overcome them? I have an Old School customer that has a cash arrangement with his tenant and it's steering a new purchase deal unto the rocks. Any advise would be greatly appreciated...." MBS Live Chat - 12:11PM "as in, he pays rent in cash, or as in, he collects rent in cash and doesn't report on sched E..." MBS Live Chat - 12:11PM "The information will be reported on Sch E (bought house in May)..." MBS Live Chat - 12:12PM "get a copy of the lease and a letter of explanation if the cash deposits are rent..." MBS Live Chat - 12:14PM "One time repairs or improvements can be excluded from Sch E expense, provided you have documentation that substantiates...." MBS Live Chat - 1:01PM "RTRS - FED'S LOCKHART SAYS FIRST RATE HIKE LIKELY IN SECOND HALF OF 2015..." MBS Live Chat - 1:19PM "Okay so Bullard says early 2015 and Lockhart says later 2015. Glad we're clear on that...." MBS Live Chat - 1:24PM "Bullard is like the Fed's initial bombardment to soften up enemy defenses...." MBS Live Chat - 1:25PM "in medieval times, he'd be like the rotting bovine carcasses flung over castle walls weeks in advance of a siege. In this case the castle is the low rate time frame consensus..." MBS Live Chat - 1:25PM "Fed is just trying to infect enough of the population with the plague so that when the siege begins, it's met with less resistance...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.56% +0.02 15 Yr FRM 3.54% +0.02 FHA 30 Year Fixed 4.12% +0.07 Jumbo 30 Year Fixed 4.31% +0.02 5/1 Yr ARM 3.25% +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 4.56% 0.29 +0.06 15 Yr. Fixed 3.62% 0.24 +0.10 30 Yr. Jumbo 4.45% 0.27 +0.06 30 Yr. FHA 4.16% 0.23 +0.03 5/1 ARM 3.22% 0.32 +0.13 Freddie Mac ** 30 Yr. Fixed 4.40% 0.60 +0.08 15 Yr. Fixed 3.42% 0.60 +0.10 1 Yr. ARM 2.44% 0.40 -0.05 5/1 Yr. ARM 3.10% 0.50 +0.08 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 96.06 -0.28 30YR FNMA 3.5 100.14 -0.30 30YR GNMA 3.0 97.83 -0.31 30YR GNMA 3.5 101.56 -0.33 15YR FNMA 3.0 102.53 -0.19 15YR FNMA 2.5 99.73 -0.20 Treasuries Yield Change 2 YR 0.4579% +0.0238 5 YR 1.7926% +0.0578 10 YR 2.8045% +0.0474 30 YR 3.6473% +0.0405 Prices as of: 4/2/2014 4:06PM 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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Daily Newsletter: Home Prices Will Keep Rising, Leveling-Off Soon; Ellie Mae Encompass Outage; Rates Steady Despite Bond Market Weakness

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30 Year Fixed 4.54%   +0.00 15 Year Fixed 3.52%   -0.01 10YR Treasury 2.76%   +0.0381 FNMA 30YR 3.5 100.44   -0.20 FNMA 15YR 2.5 102.72   -0.02 View Today's Rates

Tuesday April 1, 2014 MND NewsWire - 10:31AM Home Prices Will Keep Rising, but Level-Off Soon Home prices continue to increase by double digit percentages on a year-over-year basis CoreLogic said today. The company's Home Price Index (HPI) for February, an index that includes ... MND NewsWire - 1:08PM Massive Software Outage Brings Some Mortgage Operations to a Standstill Beginning yesterday morning, the most widely-used Loan Origination Software (LOS) has been offline. Ellie Mae estimates their Encompass platform handles over 20% of all mortgage transactions ... Mortgage Rate Watch - 3:05PM Mortgage Rates Hold Ground Despite Bond Market Weakness Mortgage rates were relatively unchanged today, after moving higher during the past two sessions. The stability is somewhat counterintuitive as bond markets are slightly weaker. Typically ... Pipeline Press - 9:59AM CFPB RESPA-TILA Update Site; Bank Stress Test Results; FICO Changes Coming? The total number of pages of the Federal Tax Rules, i.e., the IRS explanation of income tax code and regulations, has increased by 34,108 pages (to 74,608) since 1995, an increase of ... MBS Day Ahead: Sideways Grind Continues; Burden of Proof Weighs Heavy on Econ Data New Housing Proposals Will Only Make Credit Conditions Tighter - Report Latest Video Yellen remarks spark rally Top luxury markets in America Santelli Exchange: Curve steepens no matter what More News from 'Around the Web' www.gallup.com - 4:05PM In U.S., Economic Confidence Holds Steady in March National Housing Conference - 3:43PM What does it mean to move housing forward? CNBC - 2:27PM Over 7 million signed up for Obamacare DataQuick - 1:44PM February Phoenix Region Home Sale Press Release NY Fed - 1:31PM Statement Regarding Transactions in Agency Mortgage-Backed Securities CNBC - 12:38PM What are the best/worst markets for rental returns CNBC - 11:24AM Flood insurance fix may end up being no fix at all Market Watch - 11:24AM Wells Fargo is giving investors something to talk about National Housing Conference - 11:23AM How data helps communities meet housing needs Bloomberg - 10:18AM US ISM Manufacturing Index Rose to 53.7 in March From 53.2 - Bloomberg Market Watch - 10:11AM February construction spending rises 0.1% Market Watch - 8:53AM Treasurys fall ahead of manufacturing report CNN - 8:53AM Manhattan home prices soar to median $972,000 Market Watch - 8:44AM Home prices rise 0.8% in February: CoreLogic Bloomberg - 8:43AM Florida Home Foreclosure Rate Falls to 6.2%, Triple U.S. Average - Bloomberg Fannie Mae - 8:43AM News Release - Fannie Mae Releases February 2014 ... Reuters - 8:43AM U.S. judge says SEC lawsuit against Bank of America should proceed Today's Comments MND NewsWire - 1:58AM "How about #5: Reduce maximum LTVs in any MSA that increases year over year by more than 5%. #6: Stop multiple offer environments where houses are bid up over their initial asking price, often with an appraisal that does not support the bid up price, forcing the buyers to come with the difference in down..." MBS Live Chat - 11:09AM "Thanks B-C. I was hoping for a manual and there are still questions about whether or not we need a zero balance first..." MBS Live Chat - 11:11AM "Ashley, check public records and see what is filed for the 2nd. Maybe there is a lien release?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.54% +0.00 15 Yr FRM 3.52% -0.01 FHA 30 Year Fixed 4.05% +0.00 Jumbo 30 Year Fixed 4.29% -0.01 5/1 Yr ARM 3.24% -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 4.56% 0.29 +0.06 15 Yr. Fixed 3.62% 0.24 +0.10 30 Yr. Jumbo 4.45% 0.27 +0.06 30 Yr. FHA 4.16% 0.23 +0.03 5/1 ARM 3.22% 0.32 +0.13 Freddie Mac ** 30 Yr. Fixed 4.40% 0.60 +0.08 15 Yr. Fixed 3.42% 0.60 +0.10 1 Yr. ARM 2.44% 0.40 -0.05 5/1 Yr. ARM 3.10% 0.50 +0.08 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 96.34 -0.23 30YR FNMA 3.5 100.44 -0.20 30YR GNMA 3.0 98.14 -0.23 30YR GNMA 3.5 101.89 -0.16 15YR FNMA 3.0 102.72 -0.02 15YR FNMA 2.5 99.94 0.00 Treasuries Yield Change 2 YR 0.4341% +0.0080 5 YR 1.7348% +0.0164 10 YR 2.7571% +0.0381 30 YR 3.6068% +0.0452 Prices as of: 4/1/2014 4:27PM 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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