Daily Newsletter: New Construction Activity Down Overall; Single Family Permits Improve; Rates Higher Ahead of Fed; HUD Watchdog Touts Prosecutions

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30 Year Fixed 4.24%   +0.04 15 Year Fixed 3.37%   +0.03 10YR Treasury 2.65%   +0.0544 FNMA 30YR 3.5 101.69   -0.41 FNMA 15YR 2.5 103.06   -0.30 View Today's Rates

Tuesday June 17, 2014 MND NewsWire - 11:19AM New Construction Activity Down Overall; Single Family Permits Improved Building permits were issued in May at a rate that was 6.4 percent lower than that of April and housing starts also fell. Housing completions were up, Driven by a huge increase in the ... Mortgage Rate Watch - 3:43PM Mortgage Rates Higher Ahead of Fed Mortgage rates erased yesterday's improvement, ending up back at levels consistent with the middle of last week. Stronger-than-expected inflation data fueled speculation that the Fed ... MND NewsWire - 5:12PM HUD OIG Touts Investigative, Auditing Successes The Department of Housing and Urban Developments Office of Inspector General (HUD-OIG) has submitted its semi-annual report of its activities to Congress. The mandated report covers ... Pipeline Press - 11:00AM Supreme Court to Hear LO Overtime Case; Tons of Training and Events Economists call it "wage source". In a nutshell, it's how you obtain your cash. Many work in order to fill their bank accounts; however, in the coming years, as more and more Americans ... MBS Day Ahead: Last Day before FOMC; Housing Starts and CPI Whistleblowers Invited to Testify on CFPB "Discrimination and Retaliation" Builder Confidence Highest Since January Latest Video SunTrust agrees to nearly $1 billion settlement Santelli Exchange: Unintended consequences Santelli: What's impacting rates More News from 'Around the Web' Washington Post - 5:01PM Wonkblog: Why the euro crisis still isn't over, in 1 chart CNBC - 4:56PM SunTrust Mortgage to pay nearly $1B Reuters - 3:21PM Yellen, future tightening in spotlight as U.S. Fed meets CNBC - 2:02PM A city's 'walkability' drives real estate values Bloomberg - 1:50PM Merrill Lynch Must Face $1 Billion Mortgage Suit, Court Says - Bloomberg Bloomberg - 12:58PM FHA Can Ease Credit and Remain Solvent, HUD Nominee Says - Bloomberg Washington Post - 11:49AM Wonkblog: The Fed disagrees on what to do next—and it hasn't even gotten to interest rates yet CNBC - 10:31AM CEOs trim estimates for GDP growth: Survey Washington Post - 10:26AM Wonkblog: Why HUD chief nominee Julian Castro should stress his workhorse credentials at his confirmation hearing CNBC - 9:40AM Floor trading has 'never been harder' Google News - 9:32AM Could our super-sized rental market be crowding out affordable housing opportunities? CNBC - 9:31AM Prices rise as housing starts stall CNBC - 9:31AM Fund managers eye property as equities get pricey Bloomberg - 8:36AM HUD Nominee Faces Senators as Housing Recovery Sputters - Bloomberg CNN - 8:35AM More homeowners becoming landlords Reuters - 8:34AM Futures gain ahead of data, start of Fed meeting CNBC - 8:33AM US bonds trade sideways, shaking off Iraq fears Today's Comments MBS Live Chat - 11:06AM "are you guys having luck with income based repayment plans for student loans? they are reassessed every year, but presumably, the payment only goes up if they are making more money......" MBS Live Chat - 11:13AM "We were just notified of USDA changing their policy with respect to IBR, but I have not seen any change on other loan products...." MND NewsWire - 6:08PM "Didn't we try that already a few years ago with groups like Acorn and a few of the other 3rd parties that were "subsidizing" mortgages? When you have no skin in the game, it was just too easy for people to walk away...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% +0.04 15 Yr FRM 3.37% +0.03 FHA 30 Year Fixed 3.80% +0.05 Jumbo 30 Year Fixed 4.07% +0.04 5/1 Yr ARM 3.23% -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 97.55 -0.42 30YR FNMA 3.5 101.69 -0.41 30YR GNMA 3.0 99.91 -0.48 30YR GNMA 3.5 103.13 -0.50 15YR FNMA 3.0 103.06 -0.30 15YR FNMA 2.5 100.63 -0.27 Treasuries Yield Change 2 YR 0.4837% +0.0162 5 YR 1.7531% +0.0550 10 YR 2.6532% +0.0544 30 YR 3.4421% +0.0455 Prices as of: 6/17/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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