Daily Newsletter: Refi Apps Hit 2-Year Lows; Rates Rise Ahead of Jobs Data; Fed Approves Basel III, Bumpy Ride for Markets

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30 Year Fixed 4.43%   +0.06 15 Year Fixed 3.62%   +0.04 10YR Treasury 2.50%   +0.0339 FNMA 30YR 3.5 100.95   -0.45 FNMA 15YR 2.5 102.78   -0.27 View Today's Rates

Wednesday July 3, 2013 MND NewsWire - 9:08AM Rising Rates Push Refi Activity to Lowest Level in Two Years The numbers of mortgage applications fell again during the week ended June 28, the third consecutive week they have done so. The Mortgage Bankers Association (MBA) said this morning ... Mortgage Rate Watch - 3:01PM Mortgage Rates Higher Ahead of Holiday and Friday's Jobs Report Mortgage rates moved higher today , and more convincingly compared to yesterday's moderate weakness. Despite the fact that this move is still in line with a broader 'leveling-off' process ... Pipeline Press - 10:01AM Basel III Approved by Fed - Watch Regulation Costs Rise; Fitch Addresses Nationstar Bonds; Apps Plummet Okay, this week is dragging, many folks are off anyway, locks are bumping along the bottom, so I am going to switch things up a little, and put the joke first. In honor of tomorrow ... MBS Commentary - 1:01PM MBS MID-DAY: Bumpy Sideways Ride Heading Downhill Now MBS Live : MBS Morning Market Summary Expectations for light liquidity on this holiday-shortened trading day were well-founded, as movements between highs and lows were coming quickly ... CFPB Publishes Updated "Rural" List The Day Ahead: Dragon on the Bowling Alley Rate Recovery Levels Off; Waiting on Employment Data HUD Sued over Disparate Impact; Could Affect CFPB Authority More on Mini-correspondent Trend, Shrinking Margins, Selling Caps; New Freddie Security; Citi Settles with Fannie Home Price Surge Will Accelerate Next Month - CoreLogic New Rental Apartments Readily Absorbed, Most Under 3 Bedrooms Latest Video Mortgage Rates Hit Refis Jobs Report Countdown Following the Flow of Money More News from 'Around the Web' WSJ - 3:53PM Payrolls Could Share Spotlight with Global Events Bloomberg - 3:48PM Countrywide Board Should Face Investor Claims, Court Told - Bloomberg CNBC - 3:47PM Hiring Improves, but Don't Expect a Big Jobs Number CNBC - 3:47PM Expected Rotation Out of Bonds Rattles Hedge Funds Reuters - 2:06PM Anxiety high ahead of jobs data, traders guard against surprises Bloomberg - 1:20PM U.S. Bond Funds Have Biggest Redemptions Since 2007 - Bloomberg www.cfpbmonitor.com - 1:12PM CFPB data collection controversy continues www.usnews.com - 1:10PM Yet Another Opinion on Rising Rates Posing No Threat to Recovery WSJ - 11:42AM Surveys Highlight Changing Role for Investors in the Housing Market freddiemac.mwnewsroom.com - 10:22AM Freddie Mac: "Mortgage Rates Reverse Course and Tick Down" Reuters - 8:36AM Rise in mortgage rates cut into homebuyer demand last week Bloomberg - 8:31AM ADP Says Companies in US Added 188000 Workers in June CNBC - 8:28AM Homebuyer Demand Suffers as US Mortgage Rates Surge CFPB - 8:25AM Final list of rural and underserved counties for use in 2014 Today's Comments MBS Live Chat - 12:30PM "RTRS- US-BASED MUNICIPAL BOND FUNDS REPORT $7.68 BLN OUTFLOW OVER LATEST WEEK, MOST ON RECORD - ICI..." MBS Live Chat - 12:31PM "RTRS- US-BASED BOND MUTUAL FUNDS REPORT $28.1 BLN OUTFLOW IN WEEK ENDED JUNE 26, MOST ON RECORD - ICI..." MBS Live Chat - 12:34PM "is this a reaction to those bond flow #s MG?..." MBS Live Chat - 1:05PM "REPRICE : 1:05 PM - Pinnacle Worse..." MBS Live Chat - 1:46PM "REPRICE : 1:46 PM - Sun West Mortgage Worse..." MBS Live Chat - 1:50PM "REPRICE : 1:50 PM - BB&T Worse..." MBS Live Chat - 1:51PM "REPRICE : 1:51 PM - United Wholesale Mortgage Worse..." MBS Live Chat - 2:02PM "REPRICE : 2:02 PM - Caliber Funding Worse..." MBS Live Chat - 2:04PM "REPRICE : 2:04 PM - Flagstar Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.43% +0.06 15 Yr FRM 3.62% +0.04 FHA 30 Year Fixed 4.25% +0.04 Jumbo 30 Year Fixed 4.41% +0.02 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 4.58% 0.43 +0.12 15 Yr. Fixed 3.64% 0.44 +0.09 30 Yr. Jumbo 4.68% 0.38 +0.16 30 Yr. FHA 4.27% 0.44 +0.07 5/1 ARM 3.33% 0.31 +0.27 Freddie Mac ** 30 Yr. Fixed 4.29% 0.70 -0.17 15 Yr. Fixed 3.39% 0.70 -0.11 1 Yr. ARM 2.66% 0.40 +0.00 5/1 Yr. ARM 3.10% 0.70 +0.02 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 97.23 -0.55 30YR FNMA 3.5 100.95 -0.45 30YR GNMA 3.0 98.50 -0.50 30YR GNMA 3.5 101.80 -0.70 15YR FNMA 3.0 102.78 -0.27 15YR FNMA 2.5 100.14 -0.33 Treasuries Yield Change 2 YR 0.3632% +0.0119 5 YR 1.4157% +0.0407 10 YR 2.5032% +0.0339 30 YR 3.4931% +0.0193 Prices as of: 7/3/2013 2:05PM 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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