Daily Newsletter: Home Price Surge to Accelerate Next Month; Rates Wait For Employment Data; HUD Sued over Disparate Impact

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30 Year Fixed 4.37%   +0.02 15 Year Fixed 3.58%   +0.01 10YR Treasury 2.47%   -0.0035 FNMA 30YR 3.5 101.41   -0.20 FNMA 15YR 2.5 103.05   0.00 View Today's Rates

Tuesday July 2, 2013 MND NewsWire - 10:37AM Home Price Surge Will Accelerate Next Month - CoreLogic There is a remarkable degree of agreement among prevalent purveyors of Home Price Indices that prices this spring have risen higher and faster than in any period since early 2006. Joining ... Mortgage Rate Watch - 4:42PM Rate Recovery Levels Off; Waiting on Employment Data Mortgage rates leveled off today , with most lenders roughly in line with yesterday's offerings while others were slightly higher in cost. These were some of the tamest day-over-day ... MND NewsWire - 3:14PM HUD Sued over Disparate Impact; Could Affect CFPB Authority Two insurance industry trade groups, the American Insurance Association and the National Association of Mutual Insurance Companies, whose members sell homeowners insurance, have filed ... MBS Commentary - 7:52AM The Day Ahead: Bowling With Bumpers For One More Day? After a docile session on Monday, Tuesday offers up even less by way of economic data though might make up for some of the calendar shortcomings with slightly fewer vacation-related ... More on Mini-correspondent Trend, Shrinking Margins, Selling Caps; New Freddie Security; Citi Settles with Fannie Fannie Mae to get $948 Million for Misrepresented Citi Loans Housing Recovery Not Reaching All, Harvard Study Says Basel III Vote Tomorrow; More Mini-Corr, Affiliate Relationships, Warehouse Lines, and Brokers Latest Video Ahead of Friday's Jobs Data Santelli's Midday Bond Report Big Apple's Busy Real Estate Market More News from 'Around the Web' Reuters - 3:53PM June jobs report likely to keep Fed tapering on track CNBC - 3:51PM New York's Penthouse Shortage CNBC - 3:50PM Portugal Faces Austerity Uncertainty www.cfpbmonitor.com - 3:49PM CFPB's proposed changes to prohibition on financing credit insurance premiums fall short NY Fed - 1:13PM NY FED's Dudley on National and Regional Economy www.cfpbmonitor.com - 1:09PM More on new disparate impact suit against HUD CNBC - 1:05PM Mortgage Rate Rise Won't Kill Housing: Hovnanian Bloomberg - 11:09AM Nationstar-Serviced Mortgage Bonds to Realize Losses, Fitch Says Federal Reserve - 11:09AM Federal Reserve Board approves final rule to help ensure banks maintain strong capital positions Reuters - 10:18AM Factory orders rise, hint at stability in manufacturing The Big Picture - 10:17AM Housing Affordability Index: Still Worthless Washington Post - 9:58AM Remember what they said the sequester would do? This chart shows what it actually did. NAFCU - 9:55AM Compliance Monitor eyes CFPB mortgage rules CNBC - 9:54AM Fed To Vote on Key Capital Rules For Banks Reuters - 8:36AM Home prices rise by most in seven years in May: CoreLogic Bloomberg - 8:23AM Manhattan Home Prices Climb in Busiest Spring Since 2007 Reuters - 8:21AM Greece has 3 days to deliver or face consequences - EU officials Market Watch - 8:20AM Quirky houses can make lenders nervous Bloomberg - 8:20AM Vatican Bank Directors Resign Amid Financial Scandal Reuters - 8:19AM Stock futures higher as positive momentum persists Today's Comments MND NewsWire - 8:36AM "I believe this is the Feds attempt at reducing demand and encouraging sellers to place their existing homes on the market. The housing supply is the lowest it has been since the early part of this century. Increasing these historically low interest rates will help to stabilize the demand to a degree..." Pipeline Press - 8:58AM "Fed, please throw out Basel´s capital requirements for banks based on perceived risk. These, for no purpose at all, discriminate against "The Risky", in the land of the brave. Use a simple leverage ratio of 8% instead. http://subprimeregulations.blogspot.com/2012/07/complaint-i-presented-to-consumer..." MBS Live Chat - 2:39PM "If someone had a F/C 4 years ago and wants to put down 20% now then can they do it Fannie Mae or is that only 2 years for short sales with 20% or more down?..." MBS Live Chat - 2:42PM "I know with us it's 7 years for foreclosure, 4 years for deed in lieu. I don't think that's an overlay..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.37% +0.02 15 Yr FRM 3.58% +0.01 FHA 30 Year Fixed 4.21% +0.01 Jumbo 30 Year Fixed 4.39% +0.02 5/1 Yr ARM 3.01% -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 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 97.78 -0.06 30YR FNMA 3.5 101.41 -0.20 30YR GNMA 3.0 99.00 -0.09 30YR GNMA 3.5 102.50 -0.31 15YR FNMA 3.0 103.05 0.00 15YR FNMA 2.5 100.47 -0.06 Treasuries Yield Change 2 YR 0.3513% -0.0040 5 YR 1.3750% -0.0016 10 YR 2.4693% -0.0035 30 YR 3.4738% -0.0009 Prices as of: 7/2/2013 4:30PM 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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