Daily Newsletter: Volatile Day for Mortgage Rates; Originators Overlooking a Niche?; Housing Headwinds, but Some Markets are Hot

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30 Year Fixed 4.20%   -0.01 15 Year Fixed 3.33%   -0.01 10YR Treasury 2.63%   +0.0362 FNMA 30YR 3.5 102.14   -0.05 FNMA 15YR 2.5 103.47   +0.09 View Today's Rates

Thursday June 19, 2014 Mortgage Rate Watch - 5:10PM Mortgage Rates Barely Lower after Volatile Day Mortgage rates moved very slightly lower today depending on the lender. Some lenders had passed along fairly aggressive improvements with mid-day reprices yesterday. In those cases ... MND NewsWire - 2:37PM Originators May be Overlooking This Niche A housing industry that remains focused on originating safe primary mortgages may be overlooking a new purchase money niche "ready for the tapping." According to Fannie Mae's Housing ... MND NewsWire - 11:51AM Headwinds for Housing Overall, but Some Markets are Hot -Freddie Mac As a rule, it isn't good when economists use words like "sluggish" and "lackluster," the very terms that crept into the opening paragraph of Freddie Mac's June 2014 U.S. Economic & ... Pipeline Press - 10:26AM Ex-Fannie CEO now Prospect's CEO; Force-Placed Insurance Primer; BNY Mellon's New Mortgage Securitization Plan "My friend has a lifesaving tool in her car which is designed to cut through a seat belt if she gets trapped. She keeps it in the car trunk." Sometimes even the things that make the ... MBS RECAP: Bond Markets Start Strong, but Slightly Weaker by the Close SunTrust Settles Servicing Abuse Claims with AGs, Feds Latest Video Why Wells Fargo's top strategist is still bearish What Yellen told the bond market President Obama: Increasing support of Iraqi security forces More News from 'Around the Web' Bloomberg - 3:36PM Pimco's Gross Wagering on Low Volatility in 'New Neutral' - Bloomberg www.cfpbmonitor.com - 2:07PM New CFPB initiatives to prevent elder financial abuse and improve financial literacy CNBC - 2:06PM Obama: US prepared to take action if needed in Iraq WSJ - 2:06PM St. Louis Fed Financial Stress Gauge Hits a Record Low housingindustryforum.com - 11:59AM Second Home Buyers: They Do Exist! CNBC - 11:55AM House for sale. Asking price: 2,826 bitcoins www.aia.org - 10:14AM Accessibility & Outdoor Property Improvements Top List of Popular Home Characteristics www.philadelphiafed.org - 10:13AM Recent Economic Releases: June 2014 Business Outlook Survey freddiemac.mwnewsroom.com - 10:13AM Fixed Mortgage Rates Down Slightly CNBC - 9:31AM Natural disasters don't dissuade home buyers Reuters - 9:09AM Jobless claims fall, point to firming labor market newsroom.transunion.com - 9:09AM TransUnion Analysis Finds Reporting of Rental Payments Could Benefit Renters in Just One Month Market Watch - 9:07AM Treasurys extend rally after jobless claims blog.redfin.com - 9:06AM What's Up with the Flipping Market?! Washington Post - 9:06AM Wonkblog: It's time to declare QE3 effectively over WSJ - 9:06AM Yellen To Market: Don't Be So Sure of Yourself Today's Comments MBS Live Chat - 8:56AM "bit of a tangent I suppose. In the next version of the site, OT will be easier to find without having to go through all the set-up...." MBS Live Chat - 8:56AM "next version? how could you improve on this already amazing site, MG?..." MBS Live Chat - 8:57AM "We're implementing all the feedback we've received over the past 2 years. You guys should enjoy it. Coming Soon™..." MBS Live Chat - 1:02PM "Obama to speak in 15 minutes on Iraq, was supposed to be at 1230 but delayed for some reason..." MBS Live Chat - 1:31PM "All this current volatility due to pending Obama speech?..." MBS Live Chat - 1:42PM "here's my best guess on the market movement: original speech was scheduled for 12:30pm. Then it was pushed back to 1:15pm, As 1:15pm approached with no sign up POTUS, markets got nervous. The sharpest move to cash was at 1:16pm in both stocks and bonds. Not the most triumphant conclusion, but possibly..." MBS Live Chat - 2:55PM "I would not be surprised if we got another mid-day price for better from a few.. just don't see us breaking out to the upside right now or outside this trading range. my 2cents :)..." MBS Live Chat - 2:56PM "with as much as lenders took away with these reprices, it sure seems like they could all reprice better now..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.20% -0.01 15 Yr FRM 3.33% -0.01 FHA 30 Year Fixed 3.75% -0.01 Jumbo 30 Year Fixed 4.02% -0.01 5/1 Yr ARM 3.25% +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 4.17% 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 97.94 -0.13 30YR FNMA 3.5 102.14 -0.05 30YR GNMA 3.0 100.03 -0.16 30YR GNMA 3.5 103.31 -0.03 15YR FNMA 3.0 103.47 +0.09 15YR FNMA 2.5 101.03 +0.08 Treasuries Yield Change 2 YR 0.4557% +0.0041 5 YR 1.6851% +0.0084 10 YR 2.6278% +0.0362 30 YR 3.4702% +0.0635 Prices as of: 6/19/2014 4:30PM 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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