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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