Daily Newsletter: Lowest Mortgage Rates of the Month; California's Impressive Housing Stats; Banks Still Hated, but Less Than Before

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30 Year Fixed 3.97%   -0.04 15 Year Fixed 3.17%   -0.03 10YR Treasury 2.13%   -0.0140 FNMA 30YR 3.5 103.50   +0.05 FNMA 15YR 2.5 104.03   +0.16 View Today's Rates

Friday June 14, 2013 Mortgage Rate Watch - 5:12PM Lowest Mortgage Rates of the Month Ahead of Fed Week Mortgage rates were significantly lower to start the day, and despite rising slightly in the afternoon, managed to end the week at the lowest levels since late May. For borrowers hoping ... MND NewsWire - 2:02PM California Home Sales Highest Since 2006, Affordability Twice As High The California housing market heated up a little more in May with resales of houses and condominiums rising by 8.3 percent from resales in April. A total of 42,293 units sold during ... MND NewsWire - 3:29PM Confidence in Banks Back to 2008 Levels, But Still Historically Low Americans' confidence in U.S. banks has rebounded a bit from the low it hit in 2012. Gallop reports that 26 percent of recent survey respondents said they have a "great deal" or "quite ... MND NewsWire - 2:38PM Builders/Remodelers Busiest Since 2005; Homeowner Tastes Evolve The American Institute of Architects (AIA) is seeing an improving market reflected in the size and amenities Americans now expect in both new homes and when they remodel. The Institute ... NAR Testifies on QM; Ocwen Servicing Deal; CFPB Videos; Mergers; Top Ten Funding Defects MBS End Week at Best Closing Levels; No Comfort Until We Hear from FOMC Friday Borrower Do's and Don'ts Bond Markets Rally Big Following Another Hilsenrath FOMC Prelude Fannie Sees Slow Growth Through End of Decade FHFA Now Only 'Significantly Concerned' About GSE Earnings CFPB Consolidates New Mortgages Rules, Information, to a Single Web Page Latest Video May Day! There's a Mansion Shortage! First-Time Buyers Look Out! Are the Markets Second Guessing the Fed? More News from 'Around the Web' OCC - 4:25PM Independent Foreclosure Review Payments Exceed $2.4 Billion Reuters - 4:25PM JPMorgan must face lawsuit challenging mortgage fees Reuters - 2:57PM Exclusive: Creditors, governments must pay in any euro bank rescue - document Bloomberg - 1:19PM The Fed Is Tightening, Whether or Not It Wants To - Bloomberg The Basis Point - 12:20PM Originations: Can This Sudden Rate Dip Hold? Bloomberg - 12:16PM IMF Sees Fed QE Through End of 2013, Warns of Exit Challenges - Bloomberg Reuters - 12:16PM IMF urges repeal of 'ill-designed' U.S. fiscal cuts Reuters - 12:16PM Foreigners flee from U.S. government bonds in April: Treasury press.experian.com - 10:40AM Mortgage Origination Volume Up 16% Over Same Quarter Last Year www.gallup.com - 10:10AM Americans' Confidence in Banks Up for First Time in Years WSJ - 10:07AM Foreign Investors Show Interest in Treasury Bonds, Not U.S. Firms CNN - 9:53AM Fed not expected to taper QE3 until December Reuters - 9:52AM Industrial output flat in May Bloomberg - 4:26PM Mortgage Insurers' Profits to Return on Housing Surge - Bloomberg Today's Comments MBS Live Chat - 1:53PM "REPRICE : 1:53 PM - Provident Funding Worse..." MBS Live Chat - 1:53PM "their second. 30 year only...." MBS Live Chat - 1:54PM "REPRICE : 1:54 PM - Kinecta Worse..." MBS Live Chat - 2:01PM "REPRICE : 2:01 PM - Franklin American Worse..." MBS Live Chat - 2:02PM "REPRICE : 2:02 PM - 360 Mortgage Worse..." MBS Live Chat - 2:04PM "REPRICE : 2:04 PM - Stearns Lending Worse..." MBS Live Chat - 2:08PM "REPRICE : 2:08 PM - Chase Worse..." MBS Live Chat - 3:22PM "REPRICE : 3:22 PM - Pinnacle Worse..." MBS Live Chat - 3:23PM "Love this site. Your alerts just saved my clients about 40 bp in fee on two loans. Thanks as always MG..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.97% -0.04 15 Yr FRM 3.17% -0.03 FHA 30 Year Fixed 3.62% -0.03 Jumbo 30 Year Fixed 4.17% -0.09 5/1 Yr ARM 2.90% -0.03 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 3.98% 0.70 +0.07 15 Yr. Fixed 3.10% 0.70 +0.07 1 Yr. ARM 2.58% 0.40 +0.00 5/1 Yr. ARM 2.79% 0.60 +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 3.0 100.48 +0.02 30YR FNMA 3.5 103.50 +0.05 30YR GNMA 3.0 101.95 -0.02 30YR GNMA 3.5 105.00 +0.13 15YR FNMA 3.0 104.03 +0.16 15YR FNMA 2.5 102.09 +0.06 Treasuries Yield Change 2 YR 0.2741% -0.0159 5 YR 1.0275% -0.0227 10 YR 2.1277% -0.0140 30 YR 3.3029% -0.0034 Prices as of: 6/14/2013 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. © 2013 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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