Daily Newsletter: More Individual NMLS Licenses among Fewer Companies in Q1 2014; Mortgage Apps Bounce Back From Holiday Week; Rates Just Barely Lower

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30 Year Fixed 4.21%   -0.04 15 Year Fixed 3.36%   -0.01 10YR Treasury 2.64%   -0.0036 FNMA 30YR 3.5 101.80   -0.23 FNMA 15YR 2.5 103.55   +0.06 View Today's Rates

Wednesday June 11, 2014 MND NewsWire - 3:38PM More Individual NMLS Licenses among Fewer Companies in Q1 2014 The first quarter 2014 report of the National Mortgage Licensing System (NMLS) released today states there were 15,246 entities that held a total of 34,054 licenses to operate as a ... MND NewsWire - 9:58AM Refi and Purchase Apps Bounce Back After Holiday Week Mortgage applications surged by 10.3 percent during the week ended June 6. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume increased ... Mortgage Rate Watch - 4:24PM Mortgage Rates Sideways to Slightly Lower Mortgage rates took the day off from their fairly pervasive move higher. Day-over-day rates have been the same or higher for 8 out of the last 10 days. By the skin of its teeth, today ... MBS Commentary - 7:27AM MBS Day Ahead: Bond Markets Heading Down Dark Path; Any Hope in Sight? The headline is pretty ominous, but not for any particular reason. It's merely an observation of where we've been over the past few weeks, namely, moving back into 2014's dominant sideways ... Lehman Brothers Bankruptcy Impact on Lenders; Lots of Upcoming Training and Events MBS MID-DAY: Tepid Gains Mostly Intact Ahead of 10yr Auction National Foreclosure Rates Drop but 21 States Buck Trend Latest Video Ally CEO's 3 point profitability plan Lowe's virtual experience All-American Economic Survey: US economy More News from 'Around the Web' CNBC - 4:44PM US records $130B budget deficit in May Reuters - 4:41PM Exclusive: U.S. using JPMorgan penalty to speed cases against other banks www.cfpbmonitor.com - 2:45PM Director Cordray testifies before Senate committee IMF - 2:38PM IMF Survey: New Global Housing Watch Throws Spotlight on Booms and Busts Market Watch - 1:38PM Treasurys swing lower after 10-year note auction The Big Picture - 1:37PM It's a Low, Low, Low, Low, Rate World NMLS - 1:36PM NMLS Q1 Mortgage Industry Report Released DataQuick - 1:33PM May Southland Home Sale Press Release WSJ - 12:49PM U.S. Economy's First-Quarter Contraction Could Be Even Worse Than You Thought Market Watch - 12:48PM Shares of home builders slide Wednesday Market Watch - 12:48PM J.P. Morgan could face cuts in pay, jobs: CFO webfeeds.brookings.edu - 12:36PM Should Taxpayers Rescue Debt-stressed College Grads? WSJ - 11:35AM David Brat to Bernanke: Don't Underestimate the Value of Protestants CNBC - 11:31AM Lowe's 3-D room makes remodeling a (virtual) reality freddiemac.mwnewsroom.com - 11:30AM Freddie Mac Announces Seventh Multifamily Securities Offering This Year, K-038 CNBC - 10:21AM Lew: Income equality is ultimate test Market Watch - 10:11AM Bond Report: Treasurys edge up for second session in last 10 WSJ - 8:50AM How Demographic Changes Could Boost Americans' Wages WSJ - 8:50AM In Janet Yellen's Eyes, Quitters Really Do Win CNBC - 8:49AM Why do people keep buying Treasurys? Today's Comments MBS Live Chat - 8:22AM "mg quote in cnbc - "We could have held out some hope that markets were just digesting last week's big events and that rates might still snap back lower," wrote Matthew Graham of Mortgage News Daily in an analysis of the latest rate moves. "Today builds a case against any quick moves lower, and begins..." MND NewsWire - 11:39PM "Affiliated businesses, such as lenders or title companies owned by builders, can be a benefit, or a burden to consumers. The bottom line is that borrowers should never assume that they will obtain better pricing or service from an affiliated business. Doing so can be a costly mistake...." MND NewsWire - 10:17AM "I have to agree. I am an independent title company and over the years we saw the "all inclusive" tack on outrageous fees and be told well "they" told us no one could beat their rates. The interest rates might have looked low but the APR's were out of this world with up front fees....." Today's Rates Best Execution Rate Change 30 Yr FRM 4.21% -0.04 15 Yr FRM 3.36% -0.01 FHA 30 Year Fixed 3.80% +0.00 Jumbo 30 Year Fixed 4.06% -0.01 5/1 Yr ARM 3.20% -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 4.14% 0.50 +0.02 15 Yr. Fixed 3.23% 0.50 +0.02 1 Yr. ARM 2.40% 0.40 -0.01 5/1 Yr. ARM 2.93% 0.40 -0.03 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 97.56 -0.14 30YR FNMA 3.5 101.80 -0.23 30YR GNMA 3.0 99.95 +0.06 30YR GNMA 3.5 103.23 +0.09 15YR FNMA 3.0 103.55 +0.06 15YR FNMA 2.5 101.00 +0.16 Treasuries Yield Change 2 YR 0.4349% -0.0079 5 YR 1.6959% -0.0148 10 YR 2.6385% -0.0036 30 YR 3.4625% -0.0128 Prices as of: 6/11/2014 4:34PM 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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