Daily Newsletter: Rates Officially Lower Year-Over-Year; Purchases Gain on Refis; CFPB Clarifies TILA/RESPA; Rental Market Alive and Well

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30 Year Fixed 4.18%   -0.02 15 Year Fixed 3.33%   +0.00 10YR Treasury 2.61%   -0.0198 FNMA 30YR 3.5 102.36   +0.22 FNMA 15YR 2.5 103.50   +0.03 View Today's Rates

Friday June 20, 2014 Mortgage Rate Watch - 3:38PM Mortgage Rates Now Lower Than a Year Ago Mortgage rates moved modestly lower again today. While that leaves them a bit higher than the best rates of this year, it enables an important year-over-year milestone. On June 20th ... MND NewsWire - 12:35PM Purchase Originations Gaining on Refis Despite Lower Rates The balance between loans originated for purchase and for refinancing shifted further toward the purchase side in May according to the Ellie Mae Origination Insight Report. The 33 percent ... MND NewsWire - 11:31AM CFPB Webinar Begins Clarifying TILA-RESPA Questions As we noted last week the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve have scheduled a series of web seminars on implementation of the final TILA-RESPA Integrated ... Pipeline Press - 9:45AM FHLBs Moratorium on Captive Insurers; CFPB Under Fire; Basel III Delay? "Affordability remains a hotly debated topic, especially when considering both rent affordability and mortgage affordability," or so says Zillow. Mortgage rates may very well be on ... MBS MID-DAY: Another Day, Another Chance to Reaffirm The Range Originators May be Overlooking This Niche Headwinds for Housing Overall, but Some Markets are Hot -Freddie Mac Latest Video Rental market alive & well Making a move for less Why Wells Fargo's top strategist is still bearish More News from 'Around the Web' time.com - 4:41PM Stocks Hit Record Highs The Huffington Post - 4:41PM Jed Kolko: International House Hunters Shifting from Vacation Areas to Urban Neighborhoods time.com - 2:34PM Bank Of America Wants Meeting With Attorney General Holder WSJ - 2:34PM The Fed's Never-Ending Downward Growth Revisions CNBC - 2:20PM Apartments fill as rental demand keeps on surging Bloomberg - 2:20PM Austin Metro Area Was Fastest-Growing in 2013, Mayors Say - Bloomberg www.freddiemac.com - 1:33PM Freddie Updates Student Loan Requirements and More in Guide Bulletin WSJ - 1:02PM Student Debt Is Hurting Homeownership For Blacks More than Whites CNBC - 1:01PM SEC: Technology not helping bond investors Bloomberg - 11:45AM JPMorgan Said to Plan Sale of $304 Million Mortgage Bonds - Bloomberg CNBC - 11:45AM Pros: Two-year tenure for Yellen? CNBC - 10:47AM Fewer Americans blame poverty on poor Market Watch - 10:44AM Bond Report: Bonds eye third weekly loss as Fed resets views CNBC - 10:35AM How to avoid 'rogue' movers CNBC - 9:20AM Fed has it wrong: Strategist Bloomberg - 8:48AM Housing Falters as Forecasters See US Sales Dropping - Bloomberg Reuters - 8:47AM BofA asks Holder to meet with its CEO -sources Today's Comments MBS Live Chat - 9:11AM "if the quadruple witching were to cause volatility, when would we see those effects?..." MBS Live Chat - 9:12AM "absolutely no way to predict AP. Could be any time, but greatest possibility before 3pm ET..." MBS Live Chat - 9:12AM "I'd say (and just did) that we're already seeing some..." MBS Live Chat - 12:12PM "One more complaint, why do we have to provide a homeowners counseling list. My borrower makes $600k per year and I have to give them a list of 10 counseling agencies where they are going to be counseled by someone making $25Kper year on how to manage their money. How dumb is that?..." MBS Live Chat - 12:12PM "What a tug-a-war :) trend is your friend.. look for better pricing on this downslide....." MBS Live Chat - 12:15PM "You are right MG Flagstar secondary has an itchy trigger finger both ways I guess..." MBS Live Chat - 12:16PM "And safely back in the range..." MBS Live Chat - 12:47PM "Some good stuff in the new Freddie bulletin: http://mndne.ws/UUURLC..." MBS Live Chat - 1:02PM "thx TR...like the increase from 25% to 50% of total qualifying income for large deposit verifis..." MBS Live Chat - 1:03PM "yeah, the 2% for student loans is nice too...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.18% -0.02 15 Yr FRM 3.33% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% -0.02 5/1 Yr ARM 3.25% +0.00 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 4.17% 0.60 -0.03 15 Yr. Fixed 3.30% 0.50 -0.01 1 Yr. ARM 2.41% 0.40 +0.01 5/1 Yr. ARM 3.00% 0.40 -0.05 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 98.13 +0.19 30YR FNMA 3.5 102.36 +0.22 30YR GNMA 3.0 100.30 +0.27 30YR GNMA 3.5 103.52 +0.20 15YR FNMA 3.0 103.50 +0.03 15YR FNMA 2.5 101.13 +0.09 Treasuries Yield Change 2 YR 0.4602% +0.0045 5 YR 1.6854% +0.0003 10 YR 2.6080% -0.0198 30 YR 3.4362% -0.0340 Prices as of: 6/20/2014 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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