Daily Newsletter: MBA Suggests Level Playing Field for Smaller Lenders; 200+ Interesting Housing Statistics; Bumpy Ride For Rates

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30 Year Fixed 4.01%   +0.01 15 Year Fixed 3.14%   +0.00 10YR Treasury 2.13%   +0.0000 FNMA 30YR 3.5 103.45   0.00 FNMA 15YR 2.5 103.91   0.00 View Today's Rates

Monday June 3, 2013 MND NewsWire - 2:43PM MBA Suggests More Level Playing Field for Smaller Lenders The third of five planned concept papers outlining recommended steps to ease the transition during secondary market reform was published today by the Mortgage Bankers Association (MBA ... MND NewsWire - 12:38PM Almost Everything You Wanted To Know About Housing Back to 1973 The U.S. Census Bureau has just released the 2012 version of its report on Characteristics of New Housing . The report is composed of dozens of individual spreadsheets, available in ... Mortgage Rate Watch - 3:40PM Mortgage Rates Land Near Friday's Latest, After Bumpy Ride Mortgage rates barely budged today , but only when comparing the most recent batch of rate sheets to Friday's latest. Between now and then, there's been an exceptionally high level ... MBS Commentary - 4:21PM MBS RECAP: OK Day for Treasuries; MBS, Not so Much MBS Live : MBS Afternoon Market Summary Though MBS began the day in weaker territory than Treasuries, they were able to (eventually) keep pace with much of the rally that followed this ... Eminent Domain is Back; More on Affiliates; is HAMP Still Important? The Week Ahead: Payrolls Provide Reality Check for Tapering Latest Video Is Market Sentiment Shifting? Big Data Week Ahead: Jobs, Auto, ISM & More Santelli: In Congress We Trust? More News from 'Around the Web' Bloomberg - 2:47PM Treasuries Erase Gains as Fed's Lockhart Raises Tapering Concern - Bloomberg Reuters - 2:47PM Fairholme reports stake in Fannie, Freddie; wants restructuring CNBC - 1:40PM Yield Surge Sends Signal of a Scary Second-Half CNBC - 1:40PM '30 Days of Frustration' Ahead: Pro WSJ - 12:16PM Public Construction Hits 7-Year Low Bloomberg - 12:10PM Fed's Lockhart Says Slowing Bond Buying Possible After June - Bloomberg NAHB - 12:06PM Home Builders Building Homes that Young Buyers Want, Says NAHB CNBC - 10:28AM US Manufacturing Shrinks; Construction Spending Up www.census.gov - 10:26AM 2012 Characteristics of New Housing business.time.com - 9:58AM The New Way to Flip a House: Let Buyers Weigh in Before Renovations WSJ - 9:58AM Do Rising Homeownership Rates Lead to Higher Joblessness? CNBC - 9:56AM US Factory Activity Edges Up in May, but Growth Sluggish: Markit www.freddiemac.com - 8:57AM Buying a Home? Get CreditSmart Reuters - 8:52AM Fed's Williams sticks to view on winding down bond buying, eyes inflation Reuters - 8:29AM Bank of America $8.5 billion settlement heads for court showdown CNBC - 8:25AM QE Helped Foster a Risk-Taking Environment: BIS CNBC - 8:25AM Fed, Bond Market Tango to Get Hotter Today's Comments MBS Live Chat - 11:55AM "REPRICE : 11:55 AM - BB&T Better..." MBS Live Chat - 11:55AM "REPRICE : 11:55 AM - USBank Better..." MBS Live Chat - 11:58AM "REPRICE : 11:58 AM - PHH Better..." MBS Live Chat - 12:07PM "REPRICE : 12:07 PM - Wells Fargo Better..." MBS Live Chat - 2:12PM "REPRICE : 2:12 PM - Wells Fargo Worse..." MBS Live Chat - 2:13PM "REPRICE : 2:13 PM - Suntrust Worse..." MBS Live Chat - 3:04PM "REPRICE : 3:04 PM - Caliber Funding Worse..." MBS Live Chat - 3:06PM "REPRICE : 3:06 PM - Provident Funding Worse..." Community Commentary - 2:34PM "I like the article. Thanks..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.01% +0.01 15 Yr FRM 3.14% +0.00 FHA 30 Year Fixed 3.54% -0.01 Jumbo 30 Year Fixed 4.19% -0.01 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 3.81% 0.80 +0.22 15 Yr. Fixed 2.98% 0.70 +0.21 1 Yr. ARM 2.54% 0.50 -0.01 5/1 Yr. ARM 2.66% 0.50 +0.03 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 3.0 100.45 0.00 30YR FNMA 3.5 103.45 0.00 30YR GNMA 3.0 101.92 0.00 30YR GNMA 3.5 105.11 0.00 15YR FNMA 3.0 103.91 0.00 15YR FNMA 2.5 101.92 0.00 Treasuries Yield Change 2 YR 0.2933% +0.0000 5 YR 1.0338% +0.0000 10 YR 2.1318% +0.0000 30 YR 3.2679% +0.0000 Prices as of: 6/3/2013 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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