Daily Newsletter: Builder Confidence Sees Sharpest Rise Since 2002; Rates Slightly Higher; Volatile Markets Ahead of Fed

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30 Year Fixed 4.01%   +0.04 15 Year Fixed 3.20%   +0.03 10YR Treasury 2.18%   +0.0540 FNMA 30YR 3.5 103.25   -0.25 FNMA 15YR 2.5 104.00   -0.03 View Today's Rates

Monday June 17, 2013 MND NewsWire - 11:03AM Builder Confidence Soars. Sharpest Rise Since 2002 Low inventories and increasing traffic have unleashed the confidence of new new home builders the National Association of Home Builders (NAHB) said today. Its Housing Market Index ... Mortgage Rate Watch - 4:14PM Mortgage Rates Slightly Higher; Anticipation Building for Fed Mortgage rates rose in the afternoon , after beginning the day unchanged to slightly higher compared to Friday afternoon. That means lenders recalled their initial rate sheets from ... MBS Commentary - 5:07PM MBS RECAP: Light Volume Stability Falls Victim to Headlines MBS Live : MBS Afternoon Market Summary Most of this afternoon's drama is extensively relayed in the catalogue of alerts and updates below. To recap that recap, an article from the ... MBS Commentary - 7:19AM The Week Ahead: Setting the Tone for 2nd Half of 2013 The theme of " honing in " is everywhere in financial markets and in the universe beyond. It goes by many names and can be thought of in many ways: a plucked guitar string returning ... Eminent Domain; More on Mini Correspondent; Deducting Mortgage Interest; The Popularity of 15-yr Refis Confidence in Banks Back to 2008 Levels, But Still Historically Low Builders/Remodelers Busiest Since 2005; Homeowner Tastes Evolve California Home Sales Highest Since 2006, Affordability Twice As High NAR Testifies on QM; Ocwen Servicing Deal; CFPB Videos; Mergers; Top Ten Funding Defects Latest Video Will Taper Talk End Refinance Boom? Home Builder Sentiment at 7-Year High Stocks Swing Ahead of Fed More News from 'Around the Web' WSJ - 3:39PM Mortgage-Bond Pioneer Sets Jumbo Offering news.google.com - 3:38PM Why the Fed's 'Tapering' Matters So Much - Wall Street Journal www.cfpbmonitor.com - 3:36PM Supreme Court grants cert (again) in FHA disparate impact case Realtor.Org - 2:03PM How Communities Become Nicer Places to Live www.corker.senate.gov - 12:44PM Fannie, Freddie Future Finds a Focus Washington Post - 12:36PM Why does the government encourage people to build homes in wildfire zones? NMLS - 12:34PM NMLS Industry Webinar for State-Licensed Companies – Submitting an Advance Change Notice through NMLS CNBC - 12:34PM Lawsuit Says BoA Paid Bankers More to Foreclose CNBC - 10:31AM When Doves Cry: Can Bernanke Calm 'Taper' Tantrum? CNBC - 10:30AM Home Builder Confidence Hits 7-Year High in June NAHB - 10:30AM Builder Confidence Hits Major Milestone in June Washington Post - 9:50AM Crossed signals over Fed's stimulus efforts CNBC - 9:49AM Stocks Jump at Open Ahead of Fed Meeting CNBC - 9:03AM Home Warranties Not Always a Smart Move CNBC - 9:03AM Good Manufacturing News Not As Good as It Looks Reuters - 8:05AM Former Bank of America workers allege it lied to home owners Washington Post - 8:05AM Lenders seek court actions against homeowners years after foreclosure www.freddiemac.com - 8:15AM Freddie Mac: New Tool Helps Homeowners Navigate Expanded Relief Options Today's Comments MBS Live Chat - 3:22PM "REPRICE : 3:22 PM - Everett Financial Worse..." MBS Live Chat - 3:22PM "(first famc was at 249 pm)..." MBS Live Chat - 3:31PM "REPRICE : 3:31 PM - Interbank Worse..." MBS Live Chat - 3:37PM "oh geez, now Harding is tweeting a qualification to his article..." MBS Live Chat - 3:42PM "Harding's tweet "But people need to chill out. The Fed does not leak anything to any journalist to steer markets - especially during blackout"..." MBS Live Chat - 3:43PM "to which steve liesman responded @RobinBHarding How did you think mkts would react when you write an unattributed story starting "Bernanke is likely to signal.."..." MBS Live Chat - 4:16PM "I have an underwriter insisting that I am missing a schedule L from a client's 1120 return. It's not an 1120s, just an 1120. Searching on line, I don't see that there is a schedule L for the standard 1120. Anyone know?..." MBS Live Chat - 4:20PM "L is the section showing the balance sheet..." MBS Live Chat - 4:22PM "She is looking for any business liabilities that are due and payable in less than 12 months is my guess..." MBS Live Chat - 4:23PM "it is on page 5 of the IRS 1120 form: http://www.irs.gov/pub/irs-pdf/f1120.pdf..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.01% +0.04 15 Yr FRM 3.20% +0.03 FHA 30 Year Fixed 3.67% +0.05 Jumbo 30 Year Fixed 4.19% +0.02 5/1 Yr ARM 2.91% +0.01 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 3.90% 0.39 +0.12 15 Yr. Fixed 3.10% 0.30 +0.14 30 Yr. Jumbo 4.07% 0.27 +0.14 30 Yr. FHA 3.62% 0.27 +0.09 5/1 ARM 2.60% 0.24 +0.00 Freddie Mac ** 30 Yr. Fixed 3.98% 0.70 +0.07 15 Yr. Fixed 3.10% 0.70 +0.07 1 Yr. ARM 2.58% 0.40 +0.00 5/1 Yr. ARM 2.79% 0.60 +0.05 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 3.0 100.06 -0.42 30YR FNMA 3.5 103.25 -0.25 30YR GNMA 3.0 101.53 -0.42 30YR GNMA 3.5 104.56 -0.44 15YR FNMA 3.0 104.00 -0.03 15YR FNMA 2.5 101.83 -0.27 Treasuries Yield Change 2 YR 0.2660% -0.0081 5 YR 1.0519% +0.0244 10 YR 2.1817% +0.0540 30 YR 3.3539% +0.0510 Prices as of: 6/17/2013 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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