Daily Newsletter: Rates Back to Year's Best Levels; Homebuilders Index Suggests Slow, Steady Recovery; Home Price Gains Expected to Continue; Secret Market Mover?

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30 Year Fixed 4.24%   -0.02 15 Year Fixed 3.35%   -0.02 10YR Treasury 2.60%   -0.0126 FNMA 30YR 3.5 102.09   +0.20 FNMA 15YR 2.5 103.45   +0.08 View Today's Rates

Tuesday May 6, 2014 Mortgage Rate Watch - 3:36PM Mortgage Rates Fall Back to Best Levels of 2014 Mortgage rates fell back to their lowest levels of 2014, with most lenders in similar territory to last Friday. Market movement was moderate, but grew increasingly positive for MBS ... MND NewsWire - 12:38PM Homebuilders' Leading Market Index Paints Recovery as Slow, Steady The country has now reached about 88 percent of what is considered its normal level of economic and housing activity the National Association of Home Builders (NAHB) said on Tuesday ... MND NewsWire - 10:47AM Home Price Gains Expected to Continue -CoreLogic Home prices posted another double digit annual increase in March CoreLogic said today. The company's Home Price Index (HPI) including distressed sales rose 11.1 percent compared to ... MBS Commentary - 8:00AM MBS Day Ahead: Secret Source of Bond Market Demand Keeping Rates Lower? There was a Bloomberg article out on Sunday night that quickly made rounds in financial markets and among market watchers. It isn't 'in your face' about it, but essentially claims to ... Origination Volume in 2014 vs 2013; Mergers and Acquisitions Continue; Cash-Out Refi Popularity Drops Giving New Meaning to "Shadow Inventory" Biggest Drop in Delinquencies in 3 Years; Originations Suffering Latest Video Expectations for Yellen's economic plan Gundlach: Bond yields going lower Battle in Ukraine intensifies More News from 'Around the Web' Calculated Risk Blog - 4:02PM What's Right with Housing? Reuters - 4:02PM Long bond price rises as traders await Yellen Washington Post - 4:02PM Wonkblog: Is owning a house part of the 'American Dream'? Depends on where you live. Reuters - 4:02PM UBS defeats shareholders' U.S. appeal over mortgage losses, tax probe WSJ - 2:34PM The Economic Cost of Crisis Bloomberg - 1:29PM Einhorn Finds Dinner Chat With Bernanke 'Frightening' - Bloomberg CNBC - 1:26PM 4 years later, flash crash is still being felt www.aei-ideas.org - 11:50AM Is the US economy about to do something it rarely does anymore? Market Watch - 10:53AM Bond Report: Long-term Treasurys extend gains ahead of auctions Google News - 10:52AM Realtors® Report Positive Outlook in Commercial Market with Increases in Sales Volume, Income National Housing Conference - 10:23AM New grant helps Homeownership Preservation Fund continue aid to distressed homeowners Bloomberg - 9:18AM American Homes 4 Rent to Start Offer of Rental-Home Bonds - Bloomberg CNBC - 9:17AM Home buyers want new, but won't pay for it Reuters - 9:17AM U.S. trade deficit narrows in March, exports bounce back CNBC - 8:34AM The bond market is giving the stock market angst WSJ - 8:33AM Will Yellen Drop a Bombshell Wednesday? CNN - 8:33AM China's property bubble has burst - report Today's Comments MBS Live Chat - 2:37PM "Sure, If I had an 11% stake I'd like them to stick aruond too:..." MBS Live Chat - 2:38PM ""..........Pershing Square has about 11% economic exposure to Fannie Mae and Freddie Mac shares based on common stock outstanding..."..." MBS Live Chat - 2:41PM "his motive doesn't bother me...." MBS Live Chat - 2:42PM "Absolutely no appetite in COngress to reward hedgies inthe F/F restructure. I just hope small lenders (ie most of us) dont end up competing with the origination arm of securitization platform..." MBS Live Chat - 2:43PM "that is why we need f/f. give Congress another reason to maintain the entities...." MBS Live Chat - 2:43PM "middle class needs fannie and freddie..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% -0.02 15 Yr FRM 3.35% -0.02 FHA 30 Year Fixed 3.90% -0.05 Jumbo 30 Year Fixed 4.00% -0.02 5/1 Yr ARM 3.25% +0.00 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 4.49% 0.38 +0.00 15 Yr. Fixed 3.53% 0.31 -0.02 30 Yr. Jumbo 4.37% 0.14 -0.04 30 Yr. FHA 4.17% 0.10 -0.03 5/1 ARM 3.26% 0.35 +0.10 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.04 15 Yr. Fixed 3.38% 0.60 -0.01 1 Yr. ARM 2.45% 0.50 +0.01 5/1 Yr. ARM 3.05% 0.40 +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 97.98 +0.11 30YR FNMA 3.5 102.09 +0.20 30YR GNMA 3.0 99.95 +0.19 30YR GNMA 3.5 103.27 +0.13 15YR FNMA 3.0 103.45 +0.08 15YR FNMA 2.5 100.86 +0.05 Treasuries Yield Change 2 YR 0.4225% +0.0000 5 YR 1.6791% +0.0000 10 YR 2.5951% -0.0126 30 YR 3.3879% -0.0171 Prices as of: 5/6/2014 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. © 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: Biggest Drop in Delinquencies in 3 Years; Originations Suffering; Redefining 'Shadow Inventory'; Rates Rise Slightly

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30 Year Fixed 4.26%   +0.02 15 Year Fixed 3.37%   +0.02 10YR Treasury 2.61%   +0.0234 FNMA 30YR 3.5 101.91   -0.08 FNMA 15YR 2.5 103.38   +0.03 View Today's Rates

Monday May 5, 2014 MND NewsWire - 12:06PM Biggest Drop in Delinquencies in 3 Years; Originations Suffering Mortgage originations are at their lowest level in nearly 10 years Black Knight Financial Services said today. Mortgage originations fell to 238,000 in February, the last month for ... MND NewsWire - 3:10PM Giving New Meaning to "Shadow Inventory" Since the beginning of the housing crisis in 2008 housing experts have cited concern over the "Shadow Inventory" and the pitfalls it could present to any recovery of the housing market ... Mortgage Rate Watch - 3:35PM Mortgage Rates Rise Meagerly from 6 Month Lows Mortgage rates move up just slightly today, after hitting the lowest levels in 6 months at the end of last week. Some lenders who didn't get too aggressive with Friday's improvements ... Pipeline Press - 9:39AM Mel Watt to Speak on GSEs; MBS Issuance; What Recent Earnings Tell Us Let's see...10-year rates are close to 6-month lows, Fannie 3.5% MBS prices are at a 6-month high, yet the refinancing index is at a 6-year low. Has nearly everyone who could refinance ... MBS Week Ahead: Limited Economic Calendar Leaves Focus on Geopolitics and Range-Breaking Attempts MBS MID-DAY: Holding Moderate Losses After ISM Data Latest Video New way to sell high-end real estate Pisani's market: What's going on with bond yields? Santelli Exchange: Housing defines job quality More News from 'Around the Web' CNBC - 3:35PM Gundlach: Odds rise that yields could see lows The Huffington Post - 3:32PM Default Mode: How Ocwen Skirts California's Mortgage Laws Market Watch - 3:27PM Banks hold line on mortgage loans: Fed survey CNBC - 1:45PM Yellen's challenge: Explaining the vexing economy CNBC - 1:45PM Realogy's ugly Q1 can't all be blamed on prices Market Watch - 1:44PM Gundlach: Short homebuilders on dour housing view CNBC - 1:03PM 4 percent bandwagon lures economists Reuters - 12:07PM JPMorgan $280 million mortgage accord gets preliminary court approval Reuters - 11:21AM U.S. attorney general says banks may face criminal cases soon CNBC - 11:20AM The boom in $100 million home sales National Housing Conference - 10:52AM The challenge of housing affordability is evident across a wide range of households Reuters - 10:18AM U.S. service sector growth accelerates in April: ISM survey WSJ - 9:45AM Home Price Gains Are Not Boosting Borrowing WSJ - 9:45AM New Foreclosures Fall to Lowest Level Since 2006 CNBC - 9:41AM US stocks open lower; sentiment hit by Pfizer results, China PMI www.gallup.com - 8:49AM Consumer Spending in April Healthy, but Flat CNBC - 8:28AM US bonds creep higher on Ukraine-Russia concerns Today's Comments MBS Live Chat - 3:09PM "Just spoke with borrower who came across listing in which listing agent requires buyer to use listing agents preferred lender - is this a respa violation?..." MBS Live Chat - 3:09PM "You cannot require them to use a lender. You can however require them to get pre-approved by a preferred lender..." MBS Live Chat - 3:33PM "I believe its legal. Builders do it all the time...." MBS Live Chat - 3:33PM "a buyer can not be required to use any specific lender, just like title insurance, homeowners insurance, or alike...." MBS Live Chat - 3:33PM "No way it is legal for a Realtor to force them to use a lender..." MBS Live Chat - 3:36PM "its perfectly acceptable for sellers to require a prequal from their preferred lender, or in the case of a REO, from their mortgage company..." MBS Live Chat - 3:37PM "Builders only require the use of their lender (or title company) in order to receive the benefits of closing costs assistance, etc. Seller can do the same. Can't outright require the use of a particular lender...." MBS Live Chat - 3:01PM "correct. Not from the friendly builder or home seller who is just generous in nature...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.26% +0.02 15 Yr FRM 3.37% +0.02 FHA 30 Year Fixed 3.95% +0.05 Jumbo 30 Year Fixed 4.02% +0.02 5/1 Yr ARM 3.25% +0.00 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 4.49% 0.38 +0.00 15 Yr. Fixed 3.53% 0.31 -0.02 30 Yr. Jumbo 4.37% 0.14 -0.04 30 Yr. FHA 4.17% 0.10 -0.03 5/1 ARM 3.26% 0.35 +0.10 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.04 15 Yr. Fixed 3.38% 0.60 -0.01 1 Yr. ARM 2.45% 0.50 +0.01 5/1 Yr. ARM 3.05% 0.40 +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 97.88 -0.08 30YR FNMA 3.5 101.91 -0.08 30YR GNMA 3.0 99.78 -0.08 30YR GNMA 3.5 103.14 -0.08 15YR FNMA 3.0 103.38 +0.03 15YR FNMA 2.5 100.81 +0.03 Treasuries Yield Change 2 YR 0.4225% -0.0039 5 YR 1.6791% +0.0148 10 YR 2.6077% +0.0234 30 YR 3.4058% +0.0414 Prices as of: 5/5/2014 4:17PM 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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