Daily Newsletter: Freddie Mac Green Lights Fed Tapering; Wells Fargo Housing Market Outlook; Multi-Family Growth Boosts Data

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30 Year Fixed 4.02%   +0.01 15 Year Fixed 3.24%   +0.04 10YR Treasury 2.19%   +0.0055 FNMA 30YR 3.5 103.28   +0.03 FNMA 15YR 2.5 104.03   +0.03 View Today's Rates

Tuesday June 18, 2013 MND NewsWire - 5:43PM Freddie Mac Green Lights Fed Tapering Mortgage rates have risen sharply over the last month and Freddie Mac , in its monthly Economic and Housing Market Outlook for June, focuses on what happens to the housing market recovery ... MND NewsWire - 5:58PM Details from Wells Fargo Conference Call on Housing Market Wells Fargo bank held a conference call on the outlook for the housing market on Tuesday, the first of several planned for 2013. The bank's economists Mark Vitner and Anika Kahn gave ... MND NewsWire - 10:10AM Mixed Housing Starts Data Pulled Higher by Surge in Multi-Family Residential construction starts rose in May while permitting for new construction was down slightly the U.S. Census Bureau and the Department of Housing and Urban Development said today ... MND NewsWire - 2:01PM Commercial Debt Declines Partially Offset by Multi-Family Commercial and multifamily mortgage debt fell by $4.9 billion in the first quarter of 2013. The total debt in the first quarter was $2.41 trillion, down 0.2 percent from the fourth ... MBS RECAP: Sideways Mission Accomplished. FOMC Tomorrow Mortgage Rates Modestly Higher Ahead of Important Fed Announcement NJ Adopts Uniform State Test; The Supreme Court & Fair Lending; New Non-Agency Security? Builder Confidence Soars. Sharpest Rise Since 2002 Eminent Domain; More on Mini Correspondent; Deducting Mortgage Interest; The Popularity of 15-yr Refis Latest Video Khan: Housing Recovery Real, Enthusiasm Overblown CNBC Fed Survey: QE Expectations Future of the Fed: CNBC Survey More News from 'Around the Web' House Financial Services - 5:16PM CFPB Lacks Oversight and Accountability CRL - 5:08PM Dodd-Frank Act Balances Access to Credit and Key Protections CNBC - 5:07PM 'Ho-Hum' Bernanke Statement? Housing in New Patch WSJ - 3:06PM Will Home Prices Be Constrained by Stagnant Incomes? Bloomberg - 3:04PM Mortgage-Bond Auction Failures Reach Most in 2013 as Prices Drop - Bloomberg CNBC - 3:01PM Market Reaction to Great Taper May Surprise You CNBC - 2:59PM Real Estate 'A Tremendous Buy': CEO CNBC - 2:59PM Home Builders Slow New Construction, Raise Prices House Financial Services - 2:58PM Dodd-Frank Mortgage Rules Will Harm Home Ownership, Witnesses Tell Subcommittee HUD - 1:13PM HUD Announces First-Ever Same-Sex Housing Discrimination Study mba.informz.net - 12:55PM MBA Chairman Debra Still Testifies on Qualified Mortgage Rule press.experian.com - 12:51PM National Credit Default Rates Remain at Post-Recession Low in May 2013 According to the S&P/Experian Consumer Credit Default Indices The Huffington Post - 12:40PM Mortgage Servicers Strong-Arming Tornado Victims Reuters - 12:34PM M&T Bank to fix anti-money laundering flaws, Fed says Today's Comments MBS Live Chat - 2:18PM "I wouldn't read anything into this afternoon's price action. Check this morning's chart/ranges..." MBS Live Chat - 2:19PM "REPRICE : 2:19 PM - Provident Funding Better..." MBS Live Chat - 2:20PM "Their second...." MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Flagstar Better..." MBS Live Chat - 2:21PM "REPRICE : 2:21 PM - Chase Better..." MBS Live Chat - 2:25PM "REPRICE : 2:25 PM - Wells Fargo Better..." MBS Live Chat - 2:26PM "REPRICE : 2:26 PM - Plaza Better..." MBS Live Chat - 2:26PM "REPRICE : 2:26 PM - USBank Better..." MBS Live Chat - 2:26PM "REPRICE : 2:26 PM - Real Estate Mortgage Network Better..." MBS Live Chat - 2:31PM "REPRICE : 2:31 PM - Homeward Residential Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.02% +0.01 15 Yr FRM 3.24% +0.04 FHA 30 Year Fixed 3.69% +0.02 Jumbo 30 Year Fixed 4.20% +0.01 5/1 Yr ARM 2.93% +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 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 3.0 100.13 +0.06 30YR FNMA 3.5 103.28 +0.03 30YR GNMA 3.0 101.56 +0.03 30YR GNMA 3.5 104.63 +0.06 15YR FNMA 3.0 104.03 +0.03 15YR FNMA 2.5 101.78 -0.05 Treasuries Yield Change 2 YR 0.2620% -0.0040 5 YR 1.0568% +0.0049 10 YR 2.1872% +0.0055 30 YR 3.3433% -0.0106 Prices as of: 6/18/2013 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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