Daily Newsletter: Rates Continue Record Surge Higher; Lowest REO Sales Since 2007; Foreign Homebuying Declines; California Prices Double National Gains

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30 Year Fixed 4.59%   +0.10 15 Year Fixed 3.75%   +0.10 10YR Treasury 2.54%   +0.0039 FNMA 30YR 3.5 100.08   -0.28 FNMA 15YR 2.5 102.22   -0.06 View Today's Rates

Monday June 24, 2013 MND NewsWire - 3:21PM Lowest REO Sales Since October 2007 in California The California Association of Realtors® (C.A.R.) reports that May sales of bank-owned properties (REO) were at the lowest level since October 2007 . Equity home sales (i.e. non ... Mortgage Rate Watch - 5:16PM Mortgage Rates Continue Unprecedented Surge Higher Mortgage rates finally lost less ground than they have over the past few business days. The problem is that this still left room for rates to go higher at a much faster pace than normal ... MND NewsWire - 3:02PM International Homebuying Falls From Highest Recent Levels Despite some hurdles foreign buyers continue to purchase properties in the U.S., accounting for six percent of existing home sales. The National Association of Realtors® (NAR) recently ... MND NewsWire - 11:26AM California Home Price Increases Double National Gains Home prices continue to make substantial gains in most areas of the country with some areas in California seeing an increase of as much as 3 percent in the Lender Processing Service ... MBS SPECIAL ALERT: Unprecedented Liquidity Breakdown; Another Rout for Bond Markets QM's Impact on Lending, NAR and MBA Weigh in on QM and H.R. 1077 The Week Ahead: Volatility is the Name of the Game Nightmare for Mortgage Rates: Way Worse Than Freddie Told You Moody's, New Penn, Shellpoint; State-Level Mortgage Changes; are you ready for FMIC? Modifications Decline Significantly; Foreclosure Sales Rise Home Prices Growing "Too Fast;" More Homebuilding Needed -NAR Home Builders Report Significant Shortages in Key Building Materials Homeowners Vacate Many Properties Pre-Foreclosure Latest Video Hope in the Corker-Warner Bill? Rising Rates: Impact on Housing Week Ahead for Housing More News from 'Around the Web' Reuters - 5:15PM Fed's Fisher says comfortable with rise in U.S. yields Market Watch - 5:15PM The herd will be wrong again Bloomberg - 4:34PM Homebuilders in U.S. Approach Bear Market on Rising Rates - Bloomberg CNBC - 3:22PM Million Dollar Homes: Summertime Edition Preview Bloomberg - 2:50PM Fed's Fisher Says He Backs Tapering QE With Economic Improvement Reuters - 1:57PM Fed's Kocherlakota: markets wrong if think Fed now more hawkish CNBC - 1:56PM FOMC Member Warns Off 'Feral Hogs' in Markets Bloomberg - 12:21PM Kocherlakota Says Guidance on Fed Policy Has Been 'Insufficient' CNBC - 12:13PM All About Location for Home Builders, Pros Say CNBC - 12:13PM Man Who Taught the Biggest Central Bankers Retires Google News - 11:50AM Foreign Home Buyers Continue to Identify U.S. as Profitable Investment, Realtors® Report NY Fed - 11:50AM NY Fed: Statement Regarding Repurchase Agreements CNBC - 11:47AM Cramer: Bernanke Loses Control of Bond Market www.lpsvcs.com - 10:19AM LPS' April HPI Report: Home Prices Up 1.5 Percent from March, 8.1 Percent Year-Over-Year www.nytimes.com - 10:17AM Paul Krugman: 'Et Tu, Bernanke?' Reuters - 10:15AM Financial instability should figure into policy-making: Fed's Dudley Market Watch - 10:15AM Bond Report: Treasurys continue to ignite global bond selloff WSJ - 9:23AM Data Calendar Heavy on Housing Numbers CNBC - 9:18AM Buy Treasuries as Bernanke's Tapering All Talk NY Fed - 9:17AM Dudley: Why Financial Stability is a Necessary Prerequisite for an Effective Monetary Policy Today's Comments MBS Live Chat - 12:28PM "RTRS- FED'S KOCHERLAKOTA SAYS SPEAKING OUT TO CLARIFY WHAT HE VIEWS AS A MIS-PERCEPTION IN MARKETS THAT THE FED HAS BECOME MORE HAWKISH, BASED ON REACTION TO LAST WEEK'S MEETING..." MBS Live Chat - 12:33PM "REPRICE : 12:33 PM - Flagstar Better..." MBS Live Chat - 12:39PM "REPRICE : 12:39 PM - Wells Fargo Better..." MBS Live Chat - 12:48PM "REPRICE : 12:48 PM - PennyMac Better..." MBS Live Chat - 12:49PM "REPRICE : 12:49 PM - Freedom Mortgage Better..." MBS Live Chat - 2:15PM "REPRICE : 2:15 PM - Real Estate Mortgage Network Better..." MBS Live Chat - 2:49PM "REPRICE : 2:49 PM - Flagstar Better..." MBS Live Chat - 3:22PM "REPRICE : 3:22 PM - Chase (retail) Better..." MBS Live Chat - 3:26PM "REPRICE : 3:26 PM - Wells Fargo Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.59% +0.10 15 Yr FRM 3.75% +0.10 FHA 30 Year Fixed 4.37% +0.12 Jumbo 30 Year Fixed 4.62% +0.08 5/1 Yr ARM 3.10% +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 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 96.33 -0.36 30YR FNMA 3.5 100.08 -0.28 30YR GNMA 3.0 97.09 -0.45 30YR GNMA 3.5 100.56 -0.41 15YR FNMA 3.0 102.22 -0.06 15YR FNMA 2.5 99.31 -0.16 Treasuries Yield Change 2 YR 0.4004% +0.0327 5 YR 1.4546% +0.0252 10 YR 2.5442% +0.0039 30 YR 3.5575% -0.0355 Prices as of: 6/24/2013 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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