Daily Newsletter: Mortgage Rates Continue to Lows of the Week; Home Sales Weaker, but Stabilizing; Another Plan for Fannie/Freddie; Ken Lewis Banned from Wall St.

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30 Year Fixed 4.46%   -0.02 15 Year Fixed 3.49%   -0.01 10YR Treasury 2.69%   -0.0036 FNMA 30YR 3.5 100.80   -0.02 FNMA 15YR 2.5 102.84   +0.03 View Today's Rates

Thursday March 27, 2014 Mortgage Rate Watch - 4:07PM Mortgage Rates Continue to Lows of the Week Mortgage rates moved moderately lower today, further improving on what has generally been a slow-paced week of gains. The yard-stick measuring that progress is the rate environment ... MND NewsWire - 10:43AM Pending Home Sales Weaker Again, but May be Stabilizing The National Association of Realtors® (NAR) Pending Home Sales Index (PHSI) for February added more confirmation of a slowing home housing market. The PHSI, released this morning ... Pipeline Press - 9:50AM Maxine Water's Plan for Fannie and Freddie; Lenders Only Making $150 per Loan With All That Liability? Bill Rogers writes, " Could this be a trend for Generation Y and how they achieve homeownership and tackle mounting student loan debt?" (And regarding the old residential lending advice ... MND NewsWire - 10:23AM Former BofA CEO Kenneth Lewis Banned from Wall Street The former top executive of Bank of America (the Bank) was a named party in a settlement between the bank and the State of New York announced on Wednesday. Kenneth D. Lewis, who was ... Fannie Mae REO Purchase Incentives Extended MBS RECAP: Another Resilient Day Despite Stronger Data Home Sales Cool as Distressed Inventory Evaporates Latest Video Big investors leaking market moving data? Bill Miller: Housing a great investment February pending home sales down 0.8% More News from 'Around the Web' CNN - 4:55PM 6 ways to improve your credit Market Watch - 3:49PM The economy is weaker than we think Washington Post - 3:49PM Metropolitan areas are now fueling virtually all of America's population growth Bloomberg - 3:48PM Dudley Says Fed Must Be Mindful of Impact on Emerging Markets - Bloomberg www.aei.org - 3:05PM Housing risk high in spite of Qualified Mortgage rule Fannie Mae - 3:05PM News Release - Fannie Mae Extends Incentive Program For ... NAHB - 3:05PM NAHB Reveals Most Popular Features Found in New Homes Bloomberg - 2:07PM Freddie Mac Said to Plan Risk-Sharing Bonds After Debt Soars - Bloomberg OCC - 2:06PM OCC Reports on Mortgage Performance for Fourth Quarter of 2013 CNBC - 1:07PM Student loan debt widens US wealth gap CNBC - 1:03PM Hey first-time buyers, here are the best housing markets Reuters - 12:10PM Lehman payout tops $80 billion, creditors get another $17.9 billion WSJ - 11:27AM Fed's Pianalto: Still Falling Short on Fed's Job, Inflation Goals Reuters - 10:09AM Pending home sales fall to lowest level since October 2011 CNBC - 10:09AM Home sales fall for 8th-straight month in February freddiemac.mwnewsroom.com - 10:09AM Freddie Mac: Fixed Mortgage Rates Move Up S&P/Case Shiller - 9:11AM Sales Volume Slips in February, Institutional Buyers Pull Back, Distressed Sales Fall CNBC - 9:10AM 'Still falling short': Cleveland Fed chief Market Watch - 9:10AM U.S. to get Ally Financial IPO started Reuters - 9:10AM Jobless claims fall to near four-month low Today's Comments MBS Live Chat - 2:05PM "Someone just told me that LP does not care about disputed items. Is that true at all?..." MBS Live Chat - 2:06PM "LP used to not care. They've cared recently..." MBS Live Chat - 2:40PM "MBS are still well behind treasuries, right?..." MBS Live Chat - 2:41PM "Treasuries seem to be rallying rather stong...." MBS Live Chat - 2:41PM "really lagging !..." MBS Live Chat - 2:44PM "rates were better last time we saw 2.6 i thnk..." MBS Live Chat - 2:55PM "i am seeing conventional rates worse or the same as post FOMC bloodshed, so weird..." MBS Live Chat - 3:14PM "how difficult or easy is the UST?..." MBS Live Chat - 3:16PM "I thought EZ Andy but if you have not taken a lot of state test a review is a must..." MBS Live Chat - 3:19PM "UST is extremely easy. All common sense. Finished the test in 6 mins and missed one question...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.46% -0.02 15 Yr FRM 3.49% -0.01 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.25% -0.02 5/1 Yr ARM 3.23% -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 96.69 -0.03 30YR FNMA 3.5 100.80 -0.02 30YR GNMA 3.0 98.47 -0.02 30YR GNMA 3.5 102.19 +0.02 15YR FNMA 3.0 102.84 +0.03 15YR FNMA 2.5 99.97 -0.05 Treasuries Yield Change 2 YR 0.4496% +0.0078 5 YR 1.7200% +0.0476 10 YR 2.6883% -0.0036 30 YR 3.5288% -0.0126 Prices as of: 3/27/2014 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: Continued Shift Towards Purchases; Mortgage Profits hit Record Lows; Rates Close to Erasing Last Week's Losses; Housing's New (Normal) Index

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30 Year Fixed 4.48%   -0.03 15 Year Fixed 3.50%   -0.02 10YR Treasury 2.69%   -0.0579 FNMA 30YR 3.5 100.81   +0.39 FNMA 15YR 2.5 102.81   +0.23 View Today's Rates

Wednesday March 26, 2014 MND NewsWire - 8:55AM Mortgage Applications Continue Shifting Towards Purchases There were continued indications during the week ended March 21 of the anticipated 2014 decrease in mortgage volume and the market's gradual shift to one dominated by purchasing rather ... MND NewsWire - 4:49PM Mortgage Profits Hit Record Lows in Q4 Profits pocketed by independent banks and banks' mortgage subsidiaries plunged in the fourth quarter of 2013 the Mortgage Bankers Association (MBA) said on Wednesday. On a per-loan ... Mortgage Rate Watch - 4:16PM Mortgage Rates Close to Erasing Last Week's Losses Mortgage rates improved substantially today, at least in the context of small day-over-day movement seen since last week's Fed Forecasts sent rates quickly higher. While they're not ... MND NewsWire - 3:01PM For Housing, a New Definition of 'Normal,' and a New Index to Track it Freddie Mac and its economists would like to answer the old question "are we there yet?" with "there" in this case meaning anywhere close to a normal housing market. As part of that ... MBS RECAP: Deceptive Data and Strong Auction Lift Bond Prices Wealth Gap Widening; More on MI Changes; New AG and Self-Employed Products; ResCap Purchased Latest Video Real estate agents still 'very integral' Santelli: Lots of activity in 10-year Note Closing Bell Exchange: Volatility unhinging the market More News from 'Around the Web' FHFA - 4:43PM FHFA Announces $9.3 Billion Settlement With Bank of America Corporation Market Watch - 4:43PM Fed rejects capital plan of Citi, four other banks Market Watch - 4:40PM B. of A., Lewis to settle Merrill Lynch lawsuit www.easyir.com - 3:53PM TransUnion Reveals a Third of Americans Have Never Checked Their Credit Report or Score Washington Post - 3:52PM There are almost as many payday lenders as McDonald's and Starbucks. No, really www.cfpbmonitor.com - 3:51PM CFPB representatives invited to speak at symposium on fine print Bloomberg - 2:08PM Treasury Auctions Five-Year Debt at Highest Yield Since 2011 Bloomberg - 1:01PM U.S. Single-Family Home Investors Form Trade Group - Bloomberg S&P/Case Shiller - 11:34AM Employment and Housing Boost Prospects For U.S. Mortgage Insurers CNBC - 10:20AM Paulson back in mortgage business Bloomberg - 10:19AM North Dakota Ranks as the Most Stable U.S. Housing Market freddiemac.mwnewsroom.com - 10:13AM Freddie Mac's New Multi-Indicator Market Index Measures Stability of Metro, State and National Housing Markets CNBC - 10:02AM US service sector 'flash' PMI hit 55.8 in March from 54.1 in prior month CNBC - 9:05AM Will the fixed-rate mortgage become extinct? freddiemac.mwnewsroom.com - 9:03AM Freddie Mac Issues Monthly Volume Summary for February 2014 WSJ - 8:26AM High Prices Partly to Blame for Slow New Home Sales CNBC - 8:25AM Is there a spring thaw ahead for mortgages? Bloomberg - 8:25AM Hedge Funds Unlikely Saviors for New York-Area Homeowners - Bloomberg Today's Comments MBS Live Chat - 1:01PM "RTRS - U.S. SELLS $35 BLN 5-YEAR NOTES AT HIGH YIELD 1.715 PCT, AWARDS 89.46 PCT OF BIDS AT HIGH..." MBS Live Chat - 1:01PM "nice..." MBS Live Chat - 1:02PM "A to A+..." MBS Live Chat - 1:04PM "Santelli gave it a A+..." MBS Live Chat - 2:32PM "I don't know about you guys, but I am starting to see a steady amount of clients doing cash out refinances to pay off debt. People that just refinanced in 2012 & 2013. Guess that historically low rate means nothing when you are drowning in CC and student loan debt...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.48% -0.03 15 Yr FRM 3.50% -0.02 FHA 30 Year Fixed 4.00% +0.00 Jumbo 30 Year Fixed 4.27% -0.03 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 4.32% 0.60 -0.05 15 Yr. Fixed 3.32% 0.60 -0.06 1 Yr. ARM 2.49% 0.40 +0.01 5/1 Yr. ARM 3.02% 0.40 -0.07 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 96.72 +0.47 30YR FNMA 3.5 100.81 +0.39 30YR GNMA 3.0 98.48 +0.44 30YR GNMA 3.5 102.17 +0.41 15YR FNMA 3.0 102.81 +0.23 15YR FNMA 2.5 100.02 +0.23 Treasuries Yield Change 2 YR 0.4418% +0.0127 5 YR 1.6724% -0.0600 10 YR 2.6919% -0.0579 30 YR 3.5414% -0.0526 Prices as of: 3/26/2014 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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