Daily Newsletter: Record Monthly Home Price Gains; Senate Bill to Abolish GSEs; New MBA Mortgage Credit Index; Much More!

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30 Year Fixed 4.57%   -0.02 15 Year Fixed 3.75%   +0.00 10YR Treasury 2.60%   +0.0546 FNMA 30YR 3.5 100.09   +0.02 FNMA 15YR 2.5 102.13   -0.09 View Today's Rates

Tuesday June 25, 2013 MND NewsWire - 1:48PM Senate Bill to Abolish Fannie and Freddie Hits the Floor A bill to abolish the two government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae will finally be introduced today after months of preparation. Although not widely believed ... MND NewsWire - 12:43PM CFPB Opens Proposed Mortgage Rule Changes for Public Comment The Consumer Financial Protection Bureau ( CFPB ) has issued another set of proposed clarifications and revisions to the mortgage rules it released in January. The Bureau said it hoped ... MND NewsWire - 10:38AM Case Shiller Home Prices Rise a Record 2.5% in One Month Home prices rose faster from March to April than they ever have in the history of the Case Shiller Indices the S&P/Case-Shiller announced today. The 10-City and 20-City Composites ... MND NewsWire - 3:12PM Tight Lending Environment Now Quantifiable with New MBA Index The Mortgage Bankers Association (MBA) and AllRegs have released a new index that is designed to capture how the availability of mortgage credit fluctuates from month the month. Current ... Mortgage Rates Widely Stratified, Some Improvements Brown to Serve 5 Years for Robo-Signing Role MBA and FHFA Carefully Applaud Corker/Warner GSE Bill Investor changes; HPML issues; MBA Outlines Secondary Market Proposals; Lender Margin Calls on Broker Dealers? MBS RECAP: Deceptively Stable Afternoon Following AM Sell-Off New Home Sales Rise 2.1% Last Month, 29.6% Higher than May 2012 MBS MID-DAY: Stronger Overnight, Weaker Now but Fighting Back Lowest REO Sales Since October 2007 in California International Homebuying Falls From Highest Recent Levels California Home Price Increases Double National Gains Latest Video Housing Recovery in Full Swing? Foreign Buyers & U.S. Real Estate Market Robert Shiller on Housing Market, Economic Outlook More News from 'Around the Web' www.nytimes.com - 4:03PM Home Prices Are Rising, and So Are Sales Market Watch - 4:03PM Outside the Box: Bill Gross: Fed tapering plan may be hasty Market Watch - 4:03PM Pimco's Total Return Fund loses 3.65% in June SIFMA - 3:59PM SIFMA Commends Senators on Planning for the Future of the Secondary Mortgage Market FHFA - 3:39PM FHFA Statement on Introduction of Senate Bill to Reform Housing Finance Bloomberg - 2:24PM Freddie Mac Said to Plan Start of Mortgage Risk-Sharing Deals - Bloomberg CNBC - 2:21PM Financial Stress Index Shoots Up, So What's Next? CFPB - 2:20PM Encouraging "responsible conduct" in enforcement investigations www.justice.gov - 1:45PM Former LPS Exec Sentenced to Five Years in Prison CNBC - 12:08PM Spiking Mortgages Won't Derail Housing: Economist Reuters - 11:59AM Senators push bill to scrap mortgage firms Fannie, Freddie CNBC - 10:41AM Bond Investors Were 'in Denial' CNBC - 10:17AM New Home Sales Jump Higher Than Expected in May; Consumer Confidence Surges to Highest Level Since January of 2008 CNBC - 10:16AM New Homes Sales Hit a Near Five Year HIgh Bloomberg - 10:07AM U.S.'s Treasury's Miller Says Economy Showing Stable Growth Bloomberg - 9:36AM House Prices Climb 7.4% in Year Through April, FHFA Says - Bloomberg CNBC - 9:33AM Home Prices Make Record Gains FHFA - 9:25AM FHFA House Price Index Up 0.7 Percent in April Bloomberg - 4:03PM ResCap Said to Reach Accord With Fed to End Foreclosure Review - Bloomberg WSJ - 4:06PM Feral Hogs Could Also Root Up Business Spending Today's Comments MBS Live Chat - 11:16AM "just saying, we're down about 15-20 ticks from AM sheets....surprised it took so long..." MBS Live Chat - 11:18AM "here comes chase with a reprice..." MBS Live Chat - 11:19AM "REPRICE : 11:19 AM - Chase Worse..." MBS Live Chat - 11:32AM "REPRICE : 11:32 AM - Wells Fargo Worse..." MBS Live Chat - 11:40AM "MD do you use Optimal Blue?..." MBS Live Chat - 11:42AM "JP...my request just got denied due to price change..." MBS Live Chat - 11:46AM "mine too..." MBS Live Chat - 11:48AM "REPRICE : 11:48 AM - Provident Funding Better..." MBS Live Chat - 11:57AM "REPRICE : 11:57 AM - PHH Worse..." MBS Live Chat - 11:57AM "REPRICE : 11:57 AM - Fifth Third Mortgage Worse..." Mortgage Rate Watch - 1:40PM "Building a home. approximately, 5 months out. what are my options? Is it worth locking and paying the points? or let it ride?..." Mortgage Rate Watch - 4:36PM "If it were me Bernie, I wouldn't be locking on a construction loan 5 months out. It is usually really expensive to do that and there is a lot of time for things to change direction between now and then. If all the data was pointing to a really strong, broad economic recovery, I would be singing a different..." Mortgage Rate Watch - 4:45PM "@Bernie I'm in your same boat and had the same question @@davelashbrook Thanks for you input. Something to definitely think about...." Mortgage Rate Watch - 7:31PM "I found this site as a result of the crazy market and my need for a place I could get quality information about whats going on... Thank you MND and MG - You helped me navigate the crazy - What a great site.. I am a new construction loan'er and have been held hostage by the movement and the cost of a..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.57% -0.02 15 Yr FRM 3.75% +0.00 FHA 30 Year Fixed 4.38% +0.01 Jumbo 30 Year Fixed 4.55% -0.07 5/1 Yr ARM 3.05% -0.05 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 96.16 -0.17 30YR FNMA 3.5 100.09 +0.02 30YR GNMA 3.0 96.88 -0.22 30YR GNMA 3.5 100.56 0.00 15YR FNMA 3.0 102.13 -0.09 15YR FNMA 2.5 99.25 -0.06 Treasuries Yield Change 2 YR 0.4047% +0.0043 5 YR 1.4799% +0.0253 10 YR 2.5988% +0.0546 30 YR 3.6177% +0.0602 Prices as of: 6/25/2013 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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