Daily Newsletter: Mortgage Rates Drop at Fastest Pace of the Year; Why the Surge in Pending Home Sales Might be Temporary

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30 Year Fixed 4.39%   -0.13 15 Year Fixed 3.62%   -0.10 10YR Treasury 2.47%   -0.0688 FNMA 30YR 3.5 101.41   +0.84 FNMA 15YR 2.5 102.78   +0.42 View Today's Rates

Thursday June 27, 2013 Mortgage Rate Watch - 9:34PM Mortgage Rates Drop at Fastest Pace of the Year Even though the most common weekly rate survey was out today showing a significant increase in rates, it was merely catching up to the move we already reported on Friday. Today, however ... MND NewsWire - 11:09AM Rising Mortgage Rates May be Forcing Home Buyers off the Fence: NAR The National Association of Realtors® (NAR) said today that rising interest rates may finally be forcing many hesitant buyers into the market. NAR's Pending Home Sales Index (PHSI ... MND NewsWire - 10:46AM Las Vegas Real Estate Market May be Turning Around After five years of tough sledding, the Las Vegas real estate market may be turning around . DataQuick reports that home sales in the city - which was among the metro areas hardest ... Pipeline Press - 10:43AM MBA Reports on Profit/Loan; Underwriting With no Credit Cards; Capital Markets Busy Adjusting Hedges The MBA reported that independent mortgage banks saw their profit per loan take a tumble during the first quarter, down about $500 per loan versus the fourth quarter of 2012. The average ... MBS RECAP: Energizer Bunny Rally for Mortgages The Day Ahead: Keep Your Eyes on the QE Cues Freddie Mac Footprint Continues to Shrink ABA on GSE Reform Bill; Freddie Changes Low Activity Fee; Affiliated Adds Mini-Corr/Mandatory Application Volume at 19 Month Low as Rates Soar Latest Video Gross on Bonds: Not Time to Jump the Ship Home Buyers: Beware Rate Rise Pending Home Sales Soar 6.7% in May More News from 'Around the Web' www.nytimes.com - 7:59PM Mortgages: Making 'Green' More Affordable Bloomberg - 7:59PM Blankfein Says Market Overreacted to Bernanke's Tapering Talk - Bloomberg CNBC - 4:49PM EU's Banking Union: Why it Matters news.google.com - 4:49PM White House Assembles List of Potential Bernanke Successors at Fed - Wall Street Journal Reuters - 4:48PM Bank of America rejects AIG bid to reopen $8.5 billion mortgage accord NMLS - 4:46PM New NMLS Criminal Background Check Processing Fee Effective July 1, 2013 www.justice.gov - 2:55PM Four Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions Market Watch - 2:17PM Jeffrey Gundlach: I was wrong about Treasurys The Big Picture - 2:13PM Housing Recovery Elusive for U.S. Homebuilders Bloomberg - 1:57PM Ranieri's Shellpoint Said to Delay First Mortgage-Bond Offering - Bloomberg CNBC - 1:57PM The Fed Just 'Doesn't Understand' Bonds Bloomberg - 1:54PM Fed's Lockhart Says Markets May Have Misread Bernanke Message - Bloomberg webfeeds.brookings.edu - 1:47PM An Evaluation of Federal Homebuyer Tax Incentives Federal Reserve - 1:46PM Powell, Thoughts on Unconventional Monetary Policy CNBC - 1:44PM Home Sales at Risk Due to Rising Mortgage Rates CNBC - 1:43PM This REIT Fund Is Raking in Huge Dollars This Week economix.blogs.nytimes.com - 10:26AM Economix Blog: Yes, We Have No Inflation freddiemac.mwnewsroom.com - 10:21AM Mortgage Rates Roiling From Taper Talk CNBC - 10:20AM Fed's Dudley: QE Could Increase If Labor Market Doesn't Improve CNBC - 10:19AM Pending Home Sales Soar to 6-Year High Today's Comments MBS Live Chat - 5:21PM "This site has proved it's value in so many ways to me. Thanks MG and thanks to all the chat participants...." MBS Live Chat - 3:07PM "REPRICE : 3:07 PM - Wells Fargo Better..." MBS Live Chat - 2:37PM "REPRICE : 2:37 PM - Chase Better..." MBS Live Chat - 2:32PM "REPRICE : 2:32 PM - New Penn Financial Better..." MBS Live Chat - 2:29PM "REPRICE : 2:29 PM - Pinnacle Better..." MBS Live Chat - 2:29PM "REPRICE : 2:29 PM - Cole Taylor Better..." MBS Live Chat - 2:23PM "REPRICE : 2:23 PM - BB&T Better..." MBS Live Chat - 2:23PM "REPRICE : 2:23 PM - Everbank Better..." MBS Live Chat - 2:22PM "REPRICE : 2:22 PM - Green Tree Better..." MBS Live Chat - 2:12PM "REPRICE : 2:12 PM - Plaza Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.39% -0.13 15 Yr FRM 3.62% -0.10 FHA 30 Year Fixed 4.25% -0.09 Jumbo 30 Year Fixed 4.42% -0.08 5/1 Yr ARM 3.03% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 4.17% 0.41 +0.02 15 Yr. Fixed 3.30% 0.39 -0.02 30 Yr. Jumbo 4.23% 0.34 -0.02 30 Yr. FHA 3.85% 0.22 +0.04 5/1 ARM 2.81% 0.35 +0.03 Freddie Mac ** 30 Yr. Fixed 4.46% 0.80 +0.53 15 Yr. Fixed 3.50% 0.80 +0.46 1 Yr. ARM 2.66% 0.50 +0.09 5/1 Yr. ARM 3.08% 0.70 +0.29 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 97.61 +0.86 30YR FNMA 3.5 101.41 +0.84 30YR GNMA 3.0 98.92 +1.42 30YR GNMA 3.5 102.55 +1.28 15YR FNMA 3.0 102.78 +0.42 15YR FNMA 2.5 100.41 +0.67 Treasuries Yield Change 2 YR 0.3593% -0.0275 5 YR 1.3831% -0.0403 10 YR 2.4740% -0.0688 30 YR 3.5353% -0.0428 Prices as of: 6/27/2013 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: Best Day in June for Rates; Mortgage Apps hit 19-Month Low; Freddie Mac's Shrinking Footprint; Bonds Rally Despite Bad Treasury Auction

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30 Year Fixed 4.52%   -0.05 15 Year Fixed 3.72%   -0.03 10YR Treasury 2.54%   -0.0560 FNMA 30YR 3.5 100.56   +0.47 FNMA 15YR 2.5 102.36   +0.23 View Today's Rates

Wednesday June 26, 2013 Mortgage Rate Watch - 5:07PM Mortgage Rates Fall at Fastest Pace in June Mortgage rates added a second day of improvement to yesterday's more tentative gains, falling just slightly faster than any other day this month. While the improvements scarcely make ... MND NewsWire - 8:34AM Application Volume at 19 Month Low as Rates Soar The Mortgage Bankers Association (MBA) said rising interest rates caused mortgage application activity to fall for the second straight time week during the period ended June 21. The ... MND NewsWire - 10:34AM Freddie Mac Footprint Continues to Shrink Freddie Mac's Total Mortgage Portfolio decreased from an unpaid principle balance (UPB) of $1.949 trillion at the end of April to $1.944 trillion at the end of May, an annualized rate ... MBS Commentary - 4:49PM MBS RECAP: Best day of MBS Gains in Nearly 4 Weeks MBS Live : MBS Afternoon Market Summary The last day MBS put in a 20 tick gain was Thursday June 6th, just before NFP Friday. It would be excellent if we could conclude that today meant ... ABA on GSE Reform Bill; Freddie Changes Low Activity Fee; Affiliated Adds Mini-Corr/Mandatory Brown to Serve 5 Years for Robo-Signing Role MBA and FHFA Carefully Applaud Corker/Warner GSE Bill Tight Lending Environment Now Quantifiable with New MBA Index Senate Bill to Abolish Fannie and Freddie Hits the Floor CFPB Opens Proposed Mortgage Rule Changes for Public Comment Latest Video ARMs Make Comeback? Did Bernanke Misjudge Markets? Mortgage Applications Fall 3% From Last Week More News from 'Around the Web' CNBC - 4:51PM Will the Flight from Bonds Continue? DataQuick - 3:40PM May Las Vegas Region Home Sale Press Release Bloomberg - 3:35PM Lacker Says Fed Not Near Cutting Balance Sheet; Growth Sluggish - Bloomberg CNN - 1:34PM Investors yank record $62 billion from bonds WSJ - 1:30PM Real-Estate News: A Double Dose of Positive Housing News WSJ - 1:23PM Why Was GDP Revised Down so Much? webfeeds.brookings.edu - 12:24PM Encouraging Momentum to Reform Fannie Mae and Freddie Mac, But Nothing is Likely Soon CNBC - 12:00PM Rising Mortgage Rates Cause 'Rush to ARMs' CNBC - 12:00PM Cramer: Wind Now 'Out of the Sails' for Housing House Financial Services - 11:59AM Chairman Hensarling Opening Statement at Today's Full Committee Hearing on 'Too-Big-to-Fail' Post- Dodd-Frank content.govdelivery.com - 10:37AM FDIC Vice Chairman Hoenig: Avoiding Taxpayer Funded Bailouts by Returning to Free Enterprise and Pro Growth Bank Regulatory Policies Washington Post - 10:36AM Interest rate spike emerges as concern for Fed money.msn.com - 10:32AM Lost decade for bonds looms CNBC - 9:11AM Real Estate Market Is 'Uncomfortable' Reuters - 9:11AM U.S. first-quarter growth cut to 1.8 percent freddiemac.mwnewsroom.com - 9:10AM Freddie Mac Issues Monthly Volume Summary for May 2013 CNBC - 9:10AM Fed's Kocherlakota: Fed Needs to Be Clearer on Interest Rates, Not Just QE Taper Timing CNBC - 8:13AM Housing Market Shrugging Off Rise in Mortgage Rates www.npr.org - 8:13AM Real Estate Sizzles Again In Las Vegas Reuters - 8:12AM Stock futures rise, adding to Tuesday gains, on sturdy data Today's Comments MBS Live Chat - 1:24PM "REPRICE : 1:24 PM - Platinum Mortgage Worse..." MBS Live Chat - 1:26PM "REPRICE : 1:26 PM - PHH Worse..." MBS Live Chat - 2:23PM "I love that the CNBC commentators are arguing that higher rates are good for housing...." MBS Live Chat - 2:27PM "I think mg should go on cnbc .. Talk about rates and this website. Look into it mg...." Mortgage Rate Watch - 9:57AM "We are in the same boat. New construction, to be completed in about 90-100 days. This site has been the best thing ever! Although my husband has threatened to ban me from it, because I'm constantly checking the rates/news/info :). On Monday, we decided to step off the roller coaster and locked in our..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.52% -0.05 15 Yr FRM 3.72% -0.03 FHA 30 Year Fixed 4.34% -0.04 Jumbo 30 Year Fixed 4.50% -0.05 5/1 Yr ARM 3.01% -0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 4.17% 0.41 +0.02 15 Yr. Fixed 3.30% 0.39 -0.02 30 Yr. Jumbo 4.23% 0.34 -0.02 30 Yr. FHA 3.85% 0.22 +0.04 5/1 ARM 2.81% 0.35 +0.03 Freddie Mac ** 30 Yr. Fixed 3.93% 0.80 -0.05 15 Yr. Fixed 3.04% 0.70 -0.06 1 Yr. ARM 2.57% 0.40 -0.01 5/1 Yr. ARM 2.79% 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 96.75 +0.59 30YR FNMA 3.5 100.56 +0.47 30YR GNMA 3.0 97.50 +0.63 30YR GNMA 3.5 101.27 +0.70 15YR FNMA 3.0 102.36 +0.23 15YR FNMA 2.5 99.73 +0.48 Treasuries Yield Change 2 YR 0.3868% -0.0179 5 YR 1.4234% -0.0565 10 YR 2.5428% -0.0560 30 YR 3.5838% -0.0339 Prices as of: 6/26/2013 4:30PM 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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