Daily Newsletter: Fewer Homes Underwater, Buoyancy Varies; Troubling Trends in Housing Discrimination; Rising Rates Spur Increased Applications

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30 Year Fixed 4.05%   +0.02 15 Year Fixed 3.23%   +0.04 10YR Treasury 2.23%   +0.0416 FNMA 30YR 3.5 102.84   -0.52 FNMA 15YR 2.5 103.52   -0.39 View Today's Rates

Wednesday June 12, 2013 MND NewsWire - 2:24PM Fewer than 1 in 5 Homes Now Underwater, But Buoyancy Varies Over three-quarters of a million homeowners emerged from being underwater on their mortgages during the first quarter of 2013 and 39 million households now have positive equity in their ... MND NewsWire - 9:48AM Some Aspects of Housing Discrimination Haven't Changed in 34 Years The real story about racial discrimination in housing today, Shaun Donovan, Secretary of the Department of Housing and Urban Development (HUD) said, is the lack of any real differences ... MND NewsWire - 2:43PM HARP 2.0 Continues to Succeed Where 1.0 Fell Short Nearly one-half million homeowners refinanced their mortgages in March according to the Refinance Report released by the Federal Housing Finance Agency (FHFA) today. Of the 461,652 ... MND NewsWire - 9:07AM Application Activity Recovers Despite Rising Mortgage Rates After a string of dismal weeks during which refinancing activity dropped to its lowest level since November 2011, applications for both refinancing and purchasing picked up during the ... Mortgage Rates Higher, Still Stuck in Recent Range Fannie's Premium Recapture Policy; Margin vs. Volume Formula; How are MBA Applications Counted? Housing Finance Should Take Cues From Other Countries - FSC Latest Video JPMorgan Cutting Jobs Home Sweet Homebuilders We've Seen Great Rotation Begin: Bouroudjian More News from 'Around the Web' WSJ - 4:14PM U.S. on Track for Smallest Deficit in 5 Years Google News - 3:54PM Are Fixed-Rate Government-Backed Mortgages Over? CNBC - 3:51PM Sweeping Volatility Not Impacting Treasury Auctions Bloomberg - 2:01PM Rescap Wins Bankruptcy Court Approval to Repay Ally - Bloomberg CNBC - 1:54PM Rising Rates Scare Borrowers Into Action Realtor.Org - 1:54PM Young Adults Sour on Buying? Study Says No WSJ - 11:49AM Number of 'Underwater' Borrowers Drops Below 10 Million CNBC - 11:33AM Cramer: This Is 'The Single Greatest' Housing Play House Financial Services - 11:28AM Chairman Hensarling on Successful Housing Finance Systems without Government Guarentees WSJ - 10:23AM Rising Mortgage Rates to Squeeze Pricey Markets First CNBC - 10:21AM Greece Downgraded Again -- Just Not How You Think FHFA - 10:17AM Refinance Volume Remains High In March www.justice.gov - 10:17AM Former Chief Executive of Mortgage Servicing Company Pleads Guilty to Bank Fraud for Scheme to Withhold Funds from Wells Fargo Bank www.corelogic.com - 9:23AM CoreLogic Reports 850,000 More Residential Properties Return to Positive Equity in First Quarter of 2013 Today's Comments MBS Live Chat - 1:45PM "i hope states change equity laws to match Texas...there is no reason why fha should allow a cashout refi..." MBS Live Chat - 1:46PM "same with VA...those should only be for buying or refi'ing to lower rate..." MBS Live Chat - 1:46PM "REPRICE : 1:46 PM - Flagstar Worse..." MBS Live Chat - 2:00PM "RTRS- U.S. MAY BUDGET DEFICIT $139 BLN (CONSENSUS $110 BLN) VS MAY 2012 DEFICIT $125 BLN -TREASURY..." MND NewsWire - 9:12PM "At last a reasonable and legally acceptable way to help the underwater homeowners now being held captive by the "unscrupulous lenders and secondary CDO partners from Wall Street " who actually created the prior real estate price buble. These re-written underwater private mortgages today will allow these..." MBS Live Chat - 2:00PM "RTRS- U.S. FISCAL 2013 YEAR-TO-DATE DEFICIT $626 BLN VS COMPARABLE FISCAL 2012 DEFICIT $844 BLN..." MBS Live Chat - 2:14PM "REPRICE : 2:14 PM - Chase Better..." MBS Live Chat - 2:17PM "Just got a "mid day rate change" from secondary and I quote ---- "some products improved, some products got worse."..." MBS Live Chat - 2:17PM "I definitely feel like rates rose too far too fast..." MBS Live Chat - 3:07PM "REPRICE : 3:07 PM - Provident Funding Worse..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.05% +0.02 15 Yr FRM 3.23% +0.04 FHA 30 Year Fixed 3.67% +0.03 Jumbo 30 Year Fixed 4.30% +0.03 5/1 Yr ARM 2.92% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.03% 0.84 +0.07 30 Yr. Fixed 3.77% 1.20 +0.03 MBA ** 30 Yr. Fixed 3.90% 0.39 +0.12 15 Yr. Fixed 3.10% 0.30 +0.14 30 Yr. Jumbo 4.07% 0.27 +0.14 30 Yr. FHA 3.62% 0.27 +0.09 5/1 ARM 2.60% 0.24 +0.00 Freddie Mac ** 30 Yr. Fixed 3.91% 0.70 +0.10 15 Yr. Fixed 3.03% 0.70 +0.05 1 Yr. ARM 2.58% 0.40 +0.04 5/1 Yr. ARM 2.74% 0.50 +0.08 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 99.77 -0.48 30YR FNMA 3.5 102.84 -0.52 30YR GNMA 3.0 101.25 -0.48 30YR GNMA 3.5 104.27 -0.50 15YR FNMA 3.0 103.52 -0.39 15YR FNMA 2.5 101.48 -0.31 Treasuries Yield Change 2 YR 0.3258% +0.0040 5 YR 1.1412% +0.0294 10 YR 2.2298% +0.0416 30 YR 3.3751% +0.0583 Prices as of: 6/12/2013 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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