Daily Newsletter: Should States Buy Mortgages With Eminent Domain?; Fannie/Freddie Shareholders Sue Government Over Conservatorship; Rates Recover

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30 Year Fixed 4.03%   -0.05 15 Year Fixed 3.19%   -0.01 10YR Treasury 2.19%   -0.0215 FNMA 30YR 3.5 103.36   +0.13 FNMA 15YR 2.5 103.91   -0.03 View Today's Rates

Tuesday June 11, 2013 MND NewsWire - 4:45PM Fed Raises Eminent Domain Issue - A Curious Choice The Federal Reserve Bank of New York has published a paper by one of its former visiting scholars that flies in the face of the stated policy of at least one federal regulatory agency ... MND NewsWire - 10:49AM Fannie, Freddie Shareholders Sue Government Over Takeover Freddie Mac and Fannie Mae reported aggregate earnings of about $18.7 billion in FY2012, $12.1 billion of which was earned in the fourth quarter of the year. Since the two government ... Mortgage Rate Watch - 7:30PM Mortgage Rates Recover 2 Days of Weakness Mortgage rates moved lower today , recovering yesterday's weakness and making it back inside the highs seen last Thursday. The bond markets that most directly affect rates had a volatile ... MND NewsWire - 4:59PM Benefits of Homeownership Linked to Good Lending - Study Contrary to the increasingly prevalent argument that the benefits of homeownership have been overemphasized, a new study by finds that it is still a good investment for low- and moderate ... HUD on Interest Calcs, Guidance, ECOA & QM; Why Should You Care About Basel III? The Day Ahead: 3yr Auction Potentially More Relevant this Time Incorporating Rental Housing Into Future Mortgage Market Immigration Reform Suggests $500 bln Housing Boom Ex-CFPB Employees Getting Into Non-QM Lending; Correspondents & Reg. B Latest Video Investors Cool on Housing Japan & Germany Rattle Markets FHA: Ticking Bailout Time Bomb? More News from 'Around the Web' The Atlantic - 5:05PM Here's Why Investors Seem to Be Sprinting Away From Bonds Bloomberg - 5:02PM Minorities Experience Racial Bias in Housing Market, HUD Finds - Bloomberg NAHB - 5:01PM More Home Sales, Increased Demand for New Products Lead to Bigger, Better Trade Show CNBC - 5:00PM More Volatility for Stocks, Bonds, and Foreign Exchange DataQuick - 2:41PM SoCal Home Sales Highest in 7 Years WSJ - 2:40PM More Signs of Slowly Healing Job Market Bloomberg - 2:37PM Fed Mortgage Stockpile Seen Cushioning Pullback: Credit Markets - Bloomberg CNBC - 2:37PM The New Math of Cutting Unemployment SEC - 12:50PM SEC Charges CBOE for Regulatory Failures WSJ - 12:06PM City's Population Boom Spurs a Need for New Housing www.nytimes.com - 12:01PM German Court Weighs Bond Buying by European Central Bank www.ecb.europa.eu - 12:00PM Speech Jörg Asmussen: Introductory statement by the ECB in the proceedings before the Federal Constitutional Court CNBC - 11:59AM No Great Rotation, But You Can't Tell From Yields Reuters - 9:58AM German court says won't be swayed by ECB bond-buying success Reuters - 9:53AM Small business confidence hits one-year high in May Reuters - 9:53AM Boehner sees U.S. immigration bill by year's end Bloomberg - 9:50AM BofA Regaining Its Fair Share of Mortgages, Thompson Says - Bloomberg Today's Comments MBS Live Chat - 11:49AM "REPRICE : 11:49 AM - Flagstar Better..." MBS Live Chat - 12:01PM "REPRICE : 12:01 PM - Franklin American Better..." MBS Live Chat - 12:01PM "2nd of the day..." MBS Live Chat - 1:49PM "REPRICE : 1:49 PM - Sierra Pacific Better..." MBS Live Chat - 2:33PM "REPRICE : 2:33 PM - USBank Better..." MBS Live Chat - 2:36PM "2nd reprice on the day from US Bank..." MND NewsWire - 8:50PM "Jana, I could not agree more with your statement. I was a broker from 2001-2010, and throughout that time I never originated one loan with with a PPP extending past the start rate; however, I encounter many, many borrowers who had these types of loans who were trying to refinance out of them. Most of..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.03% -0.05 15 Yr FRM 3.19% -0.01 FHA 30 Year Fixed 3.64% +0.00 Jumbo 30 Year Fixed 4.27% +0.02 5/1 Yr ARM 2.90% -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 3.91% 0.70 +0.10 15 Yr. Fixed 3.03% 0.70 +0.05 1 Yr. ARM 2.58% 0.40 +0.04 5/1 Yr. ARM 2.74% 0.50 +0.08 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 3.0 100.25 +0.27 30YR FNMA 3.5 103.36 +0.13 30YR GNMA 3.0 101.73 +0.36 30YR GNMA 3.5 104.77 +0.11 15YR FNMA 3.0 103.91 -0.03 15YR FNMA 2.5 101.80 +0.05 Treasuries Yield Change 2 YR 0.3218% +0.0041 5 YR 1.1118% -0.0097 10 YR 2.1882% -0.0215 30 YR 3.3168% -0.0493 Prices as of: 6/11/2013 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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