Daily Newsletter: Strong and Progressive Uptick in Home Prices; Rates Remain under Pressure; More Volatility Ahead; Vacancies up, Rents Down, but 2015 Still Looks Solid

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30 Year Fixed 3.85%   +0.04 15 Year Fixed 3.15%   +0.04 10YR Treasury 2.13%   +0.0370 FNMA 30YR 3.5 104.31   -0.22 FNMA 15YR 2.5 104.39   -0.11 View Today's Rates

Tuesday March 3, 2015 MND NewsWire - 2:34PM CoreLogic sees Continued "Strong and Progressive Uptick in Prices" Home prices, including sales of distressed properties, continued to appreciate on both an annual and a monthly basis in January. CoreLogic said that its Home Price Index including sales ... Mortgage Rate Watch - 3:18PM Mortgage Rates Remain Under Pressure; More Volatility Ahead Mortgage rates moved convincingly higher for the second straight day, bringing them back near the highest levels of 2015. Rates are dictated primarily by bond market trading, and traders ... Pipeline Press - 10:52AM LO Comp Plan Survey; Recent Secondary Market Developments, Including Non-Performing Loan Sales Irish-American Heritage is celebrated throughout the month of March and St. Patrick's Day is on March 17 th . Once again our Census Bureau has its finger on the numbers pulse. In 2013 ... MND NewsWire - 2:04PM Vacancies up, Rents Moderate, but 2015 still Looks Solid for Multifamily The multifamily market outperformed many predictions in 2014; vacancy levels, despite a flood of new properties, declined by 10 basis points from 2013 to a 13-year low of 4.2 percent ... MBS MID-DAY: Quiet Morning So Far; Corporate Bonds Still in Control MBS Day Ahead: Absence of Data Leaves Focus on Technicals and Tradeflows Latest Video Santelli: Treasury rates creep higher Is there a bubble in bonds? Iuorio and Kilburg discuss Is it finally time to short Treasurys? More News from 'Around the Web' WSJ - 2:48PM Office Demand Exceeding New Supply CNBC - 2:48PM Consumer spending is due for a pop WSJ - 2:46PM Retail Landlords Are the Least Optimistic www.ubs.wallst.com - 2:37PM Actavis stuns market with US$21bn mega-bond RealtyTrac - 1:52PM Property Tax Rates Highest for Homeowners Who Have Owned Between Five and 15 Years, Own High-End or Low-End Homes Reuters - 12:00PM JPMorgan to pay $50 million over improper mortgage practices: DOJ CNBC - 12:00PM Are markets ready for a rate hike? Bloomberg - 10:33AM Real Estate Crowdfunding Seen Topping $2.5 Billion in '15 Calculated Risk Blog - 10:32AM CoreLogic: House Prices up 5.7% Year-over-year in January freddiemac.mwnewsroom.com - 10:32AM Freddie Mac Executes First 2015 Sale of Seriously Delinquent Loans From Its Investment Portfolio blogs.wsj.com - 9:12AM Ready, Fire, Aim … Let's Reform the Fed CNBC - 9:00AM JPMorgan Chase tilts towards consumer Reuters - 8:59AM Oil prices rise as global markets firm, dollar comes off highs Bloomberg - 8:59AM Greece's Bailout Extension No Panacea for Struggling Bond Market Today's Rates Best Execution Rate Change 30 Yr FRM 3.85% +0.04 15 Yr FRM 3.15% +0.04 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.83% +0.03 5/1 Yr ARM 3.15% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 3.93% 0.35 +0.09 15 Yr. Fixed 3.24% 0.35 +0.09 30 Yr. Jumbo 3.92% 0.28 +0.02 30 Yr. FHA 3.73% 0.12 +0.01 5/1 ARM 3.09% 0.47 +0.02 Freddie Mac ** 30 Yr. Fixed 3.80% 0.60 +0.00 15 Yr. Fixed 3.07% 0.60 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 2.99% 0.50 +0.00 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 3.0 101.25 -0.27 30YR FNMA 3.5 104.31 -0.22 30YR GNMA 3.0 102.19 -0.20 30YR GNMA 3.5 104.55 -0.13 15YR FNMA 3.0 104.39 -0.11 15YR FNMA 2.5 101.98 -0.20 Treasuries Yield Change 2 YR 0.6783% +0.0162 5 YR 1.6106% +0.0330 10 YR 2.1260% +0.0370 30 YR 2.7206% +0.0306 Prices as of: 3/3/2015 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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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Daily Newsletter: Mortgage Rates Back up to 3.875 Percent; Bond Market Weakness Simple in Hindsight; FHFA Sets Rules for Bulk Loans; Construction Spending Eases

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30 Year Fixed 3.81%   +0.04 15 Year Fixed 3.11%   +0.03 10YR Treasury 2.09%   +0.0925 FNMA 30YR 3.5 104.53   -0.28 FNMA 15YR 2.5 104.50   -0.20 View Today's Rates

Monday March 2, 2015 Mortgage Rate Watch - 4:34PM Mortgage Rates Back up to 3.875 Percent Mortgage rates rose fairly sharply to begin the new month as a large corporate bond sale indirectly hurt the bonds that dictate mortgage rates. When a company (in today's case, pharmaceutical ... MBS Commentary - 12:44PM MBS MID-DAY: In Hindsight, Morning's Big Sell-Off is Simple In hindsight, this has turned out to be a simple morning for bond markets. That wasn't the case earlier when we could only guess at the likely culprits behind a pervasive--even counterintuitive ... MND NewsWire - 4:26PM FHFA Sets Rules for Bulk Loan Sales The Federal Housing Finance Agency (FHFA), conservator of Fannie Mae and Freddie Mac (the GSEs), released guidelines for their sales of non-performing mortgage loans . FHFA earlier ... MND NewsWire - 11:32AM Construction Spending Eased in January; Most Segments Higher on Annual Basis Both publicly and privately funded construction dipped slightly in January from February levels the Census Bureau said today, although both total construction and the publicly funded ... MBS Week Ahead: Refocusing on Data as March Begins Private MI Updates; Trends in Fast Growing Rental Markets and Gentrification Latest Video Santelli: Fed's long engagement; when's the marriage?! Santelli Exchange: Edging closer to euro QE Europe closes: ECB meeting Thursday More News from 'Around the Web' Reuters - 4:49PM Yields rise as corporate debt sales weigh Calculated Risk Blog - 4:19PM Fannie Mae: Mortgage Serious Delinquency rate declined in January, Lowest since September 2008 Reuters - 3:54PM Mixed messages on third Greek bailout talks www.realtor.com - 3:02PM Second Homes Survey: Signs of Overheating WSJ - 3:02PM Bernanke Says Fed Already Follows Policy Rule Calculated Risk Blog - 3:02PM January Case-Shiller House Price Index year-over-year change expected to be about the same as in December Bloomberg - 3:02PM Actavis Bond Offering Said to Get Orders Exceeding $70 Billion Bloomberg - 1:52PM Fannie, Freddie Overseer Sets Rules for Sales of Delinquent Debt Bloomberg - 12:16PM This Survey Says: We're About Ready for That Rate Hike, Janet rss.nytimes.com - 12:16PM Philadelphia Fed Picks Patrick Harker, University of Delaware President, to Lead It CNBC - 10:45AM US manufacturing hits 13-month-low Google News - 10:43AM The mortgage market can tolerate twice as much credit risk CNBC - 10:42AM Bill Gross: Central banks have gone 'too far' www.cfpbmonitor.com - 10:41AM Director Cordray to testify on March 3 before House Financial Services Committee Reuters - 10:41AM U.S. construction spending falls in January Bloomberg - 10:41AM Morgan Stanley Says New York Intends to Sue on 30 Subprime Deals CNBC - 9:05AM Wells Fargo caps subprime auto loans CNBC - 9:02AM US consumer spending falls in Jan Calculated Risk Blog - 8:44AM Personal Income increased 0.3% in January, Spending decreased 0.2% Today's Rates Best Execution Rate Change 30 Yr FRM 3.81% +0.04 15 Yr FRM 3.11% +0.03 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.80% +0.03 5/1 Yr ARM 3.12% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 3.93% 0.35 +0.09 15 Yr. Fixed 3.24% 0.35 +0.09 30 Yr. Jumbo 3.92% 0.28 +0.02 30 Yr. FHA 3.73% 0.12 +0.01 5/1 ARM 3.09% 0.47 +0.02 Freddie Mac ** 30 Yr. Fixed 3.80% 0.60 +0.00 15 Yr. Fixed 3.07% 0.60 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 2.99% 0.50 +0.00 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 3.0 101.52 -0.34 30YR FNMA 3.5 104.53 -0.28 30YR GNMA 3.0 102.39 -0.30 30YR GNMA 3.5 104.67 -0.34 15YR FNMA 3.0 104.50 -0.20 15YR FNMA 2.5 102.19 -0.23 Treasuries Yield Change 2 YR 0.6621% +0.0358 5 YR 1.5776% +0.0771 10 YR 2.0890% +0.0925 30 YR 2.6900% +0.0867 Prices as of: 3/2/2015 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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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