Daily Newsletter: Mortgage Rates Improve Ahead Jobs Report; Freddie's Refinance Report

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30 Year Fixed 4.01%   -0.03 15 Year Fixed 3.14%   -0.03 10YR Treasury 2.08%   -0.0123 FNMA 30YR 3.5 103.63   +0.44 FNMA 15YR 2.5 103.97   +0.23 View Today's Rates

Thursday June 6, 2013 Mortgage Rate Watch - 4:42PM Mortgage Rates Improve Ahead of Important Jobs Report Mortgage rates improved today , bringing them back in line with the week's lower levels from Monday. It's worth noting, that Monday's rates were the highest in 14 months at the time ... MND NewsWire - 5:30PM Homeowners Continue Shorten Loan Terms, Saving Billions Homeowners who refinanced in the first quarter of 2013 maintained the approximate cash balance of the loan they were refinancing but in more than one quarter of the cases, they shortened ... MBS Commentary - 2:05PM MBS SPECIAL ALERT: Explaining The Surprise Mega Rally MBS Live : MBS Morning Market Summary The morning has been intense in terms of the " unseen hand " causing massive market movements. I talk a lot about "tradeflows and technicals" moving ... Pipeline Press - 11:44AM The Role of Secondary, GSE Stock Prices, Recent Updates, and Move Toward a Single Security Remember all those folks that had their 401(k)'s tied up in stocks like Countrywide, Bank of America, Lehman Brothers, National City, WAMU... the list goes on and on, and now they're ... Fannie Mae: Renters Satisfied with Renting but Most Hope to Own Wells Fargo to Revise REO Maintenance Guidelines, Pay Millions to Hard-Hit Neighborhoods Lower Credit Borrowers and Older Loans Buoy Prepayment Speeds MBS RECAP: Gains Largely Intact After Wild Ride; Pre-NFP Conundrum Improving Housing Markets List Continues to Grow Over 500k Registered MLOs Under Expanded NMLS Criteria Fannie Aims to Curb Short Sale Woes With New Site FHA Accused of Covering up Bigger Potential Losses Refinancing Activity Continues to Shrink as Rates Jump to Recent Highs Latest Video Santelli: Fed Has Gone to 'Rod Serling-Ville' Will Housing Crack the Market? Santelli's Midday Bond Report More News from 'Around the Web' www.nytimes.com - 3:48PM U.S. Households' Finances Regain Lost Ground CNBC - 2:55PM Yen Rally Sends Shock and Selling Through Markets freddiemac.mwnewsroom.com - 2:54PM Few Cash-Out Equity When Refinancing, More Shorten Term Washington Post - 1:45PM Dodd-Frank isn't close to implemented Bloomberg - 1:08PM S&P Ratings Lawsuits Transferred to Federal Court in NY Bloomberg - 1:08PM Fed's Plosser Says More Capital Needed for Too-Big-to-Fail Risk NAHB - 10:56AM NAHB: List of Improving Housing Markets Rises to 263 Metros in June freddiemac.mwnewsroom.com - 10:54AM Freddie Mac: Mortgage Rates Continue Climbing Higher www.lpsvcs.com - 10:18AM LPS' April Mortgage Monitor: Judicial States' Foreclosure Sales Rate Highest Since 2010; Loans Still Delinquent Nearly Three Years Before Sale WSJ - 10:12AM Secondary Sources: Mortgage-Interest Deduction, Inflation Expectations, Labor Share Washington Post - 10:10AM Wells Fargo settles complaint on foreclosed homes Reuters - 10:10AM Mortgage insurer Genworth to cut 400 jobs www.cfpbmonitor.com - 9:42AM Trade groups seek guidance on qualified mortgage and disparate impact Market Watch - 7:49AM Mortgage lenders make flood insurance mandatory Today's Comments MBS Live Chat - 4:10PM "REPRICE : 4:10 PM - Wells Fargo Worse..." MBS Live Chat - 3:57PM "REPRICE : 3:57 PM - NYCB Worse..." MBS Live Chat - 3:02PM "REPRICE : 3:02 PM - Flagstar Worse..." MBS Live Chat - 2:47PM "As always. Great alert and warning MG...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.01% -0.03 15 Yr FRM 3.14% -0.03 FHA 30 Year Fixed 3.54% -0.02 Jumbo 30 Year Fixed 4.22% -0.02 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 3.0 100.72 +0.31 30YR FNMA 3.5 103.63 +0.44 30YR GNMA 3.0 102.08 +0.25 30YR GNMA 3.5 105.14 +0.39 15YR FNMA 3.0 103.97 +0.23 15YR FNMA 2.5 102.03 +0.20 Treasuries Yield Change 2 YR 0.2896% +0.0001 5 YR 1.0081% -0.0129 10 YR 2.0769% -0.0123 30 YR 3.2386% -0.0069 Prices as of: 6/6/2013 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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