Daily Newsletter: Bad Assumptions Sidelining Homebuyers; Builder Confidence Highest Since January; Rates Lower to Start Week; Whistleblowers to Testify on CFPB Discrimination

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30 Year Fixed 4.20%   -0.03 15 Year Fixed 3.34%   -0.02 10YR Treasury 2.60%   -0.0054 FNMA 30YR 3.5 102.08   +0.11 FNMA 15YR 2.5 103.30   -0.22 View Today's Rates

Monday June 16, 2014 MND NewsWire - 9:50AM Are Bad Assumptions Sidelining Homebuyers? Do mortgage lenders and real estate agents need to form a "truth squad" to combat misconceptions about homeownership? Freddie Mac's vice president and Head of Single Family Sales thinks ... MND NewsWire - 10:36AM Builder Confidence Highest Since January The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index narrowed the gap with positive territory this month with a jump of four points . After lagging in the ... Mortgage Rate Watch - 3:09PM Mortgage Rates Slightly Lower to Start Week Mortgage rates improved again today despite stronger-than-expected economic data. When economic reports are better than forecast, rates tend to move higher, but geopolitical tensions ... MND NewsWire - 2:24PM Whistleblowers Invited to Testify on CFPB "Discrimination and Retaliation" The House Financial Services Committee (FSC) Oversight and Investigations Subcommittee appears to be picking up the pace in its investigation of alleged racial and gender discrimination ... CFPB Openings/Salaries; LO Comp Splits, Referral Fees; Why do People Move? MBS MID-DAY: Moderate Gains Despite Stronger Data; MBS Outperforming Latest Video Lagarde: Don't expect rate hike in 'short order' once tapering completed Santelli Exchange: IMF cuts US growth forecast June home builder confidence jumps More News from 'Around the Web' Calculated Risk Blog - 3:38PM Existing Home Inventory up 13.7% year-over-year on June 16th The Huffington Post - 3:09PM As American Cities Grow, New Urbanism Must Be Inclusive Bloomberg - 1:44PM Affordable Housing Linked to Children's Brainpower, Study Says - Bloomberg House Financial Services - 12:49PM Subcommittee Continues Investigation of CFPB CRL - 12:49PM CRL Supports Proposed CFPB Amendments to Qualified Mortgage Rule (QM) Reuters - 12:49PM JPMorgan sued by Miami over alleged mortgage discrimination webfeeds.brookings.edu - 11:30AM What Will the Fed Do Next? CNBC - 11:03AM Most powerful woman in banking retires Reuters - 11:03AM IMF's Lagarde urges 'gradual path' for Fed rate hikes CNBC - 11:02AM This bank is about to become the biggest EVER CNBC - 10:14AM Home builder sentiment surges in June Reuters - 9:32AM Manufacturing output increases solidly in May www.freddiemac.com - 9:10AM Down Payments: Today's Most Persistent Misconception about Mortgages blog.redfin.com - 9:10AM 5 Ways That Buying a Home Can Hurt Your Credit www.ourbroker.com - 9:10AM Real Estate: Why Middle Class Homes Aren't Selling Bloomberg - 9:09AM ECB Said Likely to Refrain From New Measures for Next Few Months - Bloomberg CNBC - 8:35AM Fed in focus as investors seek reassurance CNBC - 8:30AM Real estate quagmire sinks Gen X, Y fiscal hopes CNBC - 8:30AM US bonds boosted by Iraq fears; Bunds also rise Today's Comments MBS Live Chat - 10:03AM "what a difference a month makes for builders..." MBS Live Chat - 12:09PM "anyone know if i can IRRL 1 day after closing?..." MBS Live Chat - 12:10PM "yes you can..." MBS Live Chat - 12:11PM "investor overlays but not VA..." MND NewsWire - 10:29AM "Zelman has no clue and her comments are indicative of an industry that will continue to run as a somewhat overregulated, dysfunctional Ponzi scheme prone to stomach churning boom and busts. Why one would advocate for the leveraging of 95% of an asset purchase for the stimulation of an industry whose..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.20% -0.03 15 Yr FRM 3.34% -0.02 FHA 30 Year Fixed 3.75% -0.05 Jumbo 30 Year Fixed 4.03% -0.03 5/1 Yr ARM 3.24% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.31% 0.15 -0.02 15 Yr. Fixed 3.42% 0.06 -0.01 30 Yr. Jumbo 4.23% 0.16 -0.01 30 Yr. FHA 4.04% -0.45 -0.02 5/1 ARM 3.13% 0.19 -0.01 Freddie Mac ** 30 Yr. Fixed 4.20% 0.60 +0.06 15 Yr. Fixed 3.31% 0.50 +0.08 1 Yr. ARM 2.40% 0.40 +0.00 5/1 Yr. ARM 3.05% 0.40 +0.12 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 97.95 +0.13 30YR FNMA 3.5 102.08 +0.11 30YR GNMA 3.0 100.39 +0.16 30YR GNMA 3.5 103.61 +0.20 15YR FNMA 3.0 103.30 -0.22 15YR FNMA 2.5 100.86 -0.17 Treasuries Yield Change 2 YR 0.4675% +0.0122 5 YR 1.6997% +0.0050 10 YR 2.6006% -0.0054 30 YR 3.4017% -0.0142 Prices as of: 6/16/2014 3:57PM 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

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