Daily Newsletter: New Home Sales Rise, Prices Fall; MBA Purchase Apps Decline; Rates Rise Faster

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30 Year Fixed 4.49%   +0.08 15 Year Fixed 3.67%   +0.05 10YR Treasury 2.58%   +0.0793 FNMA 30YR 3.5 100.72   -0.45 FNMA 15YR 2.5 102.47   -0.42 View Today's Rates

Wednesday July 24, 2013 MND NewsWire - 11:01AM New Home Sales Rise; Prices Fell in June, Despite Annual Increase New home sales in June rose to a seasonally adjusted rate of 497,000 units an increase of 8.3 percent compared to sales in May. The June figure was an increase of 38.1 percent from ... MND NewsWire - 8:54AM Refinancing Index at 2 yr Low; Purchase Apps Fall Applications for refinancing continued to fall during the week ended July 19 and, according to the Mortgage Bankers Association (MBA) are now at the lowest level on its Refinance Index ... Mortgage Rate Watch - 3:48PM Mortgage Rates Rise at Faster Pace Mortgage rates were higher again today, but this time at the quickest pace in nearly two weeks. It was a clear departure from the recent trend of small day to day changes and a wake ... MND NewsWire - 2:00PM HAMP Redefaults a Cause for Concern or Business as Usual? Among topics covered in a report from the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) issued today was a critical summary of the Home Affordable Modification ... MBS RECAP: Unpleasant Request to Return to Reality Longer Term Investors Outnumber Flippers 2 to 1 in California Higher Home Prices Slowing California Foreclosure Activity Good News in MI Earnings; Good Rumor on QRM; CFPB's LO Comp Complaint CFPB Complaint Over Bonuses Linked to Loan Terms Home Price Recovery Lags in Judicial Foreclosure States Latest Video Stocks beat bonds in next 1-2 years: Kantor NAR sells its data, too Early stages of housing recovery: Smith More News from 'Around the Web' Market Watch - 4:40PM Fed chairman race down to Yellen, Summers: WSJ www.cfpbmonitor.com - 4:34PM CFPB files lawsuit challenging loan officer bonuses CNBC - 3:31PM Danger sign? Overseas buying slows freddiemac.mwnewsroom.com - 3:21PM Freddie Mac Prices Transaction to Sell Off Residential Mortgage Credit Risk FHFA - 3:21PM Statement of FHFA Acting Director Edward J. DeMarco on Freddie Mac Risk-Sharing Transaction CNBC - 3:14PM Warning sign: Overseas real estate purchases slow CNBC - 2:19PM Home prices to rise 9-10% by year-end: Realogy CEO Reuters - 1:37PM Republican housing reform bill backed by U.S. House panel Bloomberg - 1:03PM New Freddie Mac Bonds Seen as Imperfect Shift of Mortgage Risk CNBC - 12:53PM Home builders boost prices amid rising rates House Financial Services - 12:53PM PATH Act to Protect Taxpayers & Homeowners Passes Committee Reuters - 10:38AM New home sales hit five-year high, prices soar investors.flagstar.com - 9:46AM Flagstar Reports Second Quarter 2013 Net Income of $65.8 million or $1.10 per Diluted Share www.gallup.com - 9:45AM In U.S., Increased Optimism About Quality Jobs Persists Reuters - 9:40AM Factory activity rebounds in July: Markit NAFCU - 9:34AM House panel poised to vote on PATH Act for housing finance reform NAFCU - 9:34AM Galante testifies today on draft FHA bill Reuters - 7:38AM U.S. financial regulators looking to ease mortgage norms: WSJ Reuters - 7:37AM Report raises concerns about U.S. housing aid program Bloomberg - 7:36AM Americans Gambling on Rates With Most ARMs Since 2008 Today's Comments MBS Live Chat - 11:36AM "Market is still in a frenzy, even with rates rising. People want to own a home, because we are still in a zone where in some areas, a mortgage payment is less than or equal to what you would pay in rent...." MBS Live Chat - 11:54AM "REPRICE : 11:54 AM - Flagstar Worse..." MBS Live Chat - 1:17PM "REPRICE : 1:17 PM - AMC Worse..." MBS Live Chat - 1:39PM "REPRICE : 1:39 PM - Stearns Lending Worse..." MBS Live Chat - 1:41PM "REPRICE : 1:41 PM - Franklin American Worse..." MBS Live Chat - 1:59PM "REPRICE : 1:59 PM - PennyMac Worse..." MBS Live Chat - 2:54PM "REPRICE : 2:54 PM - Provident Funding Better..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.49% +0.08 15 Yr FRM 3.67% +0.05 FHA 30 Year Fixed 4.25% +0.00 Jumbo 30 Year Fixed 4.57% +0.07 5/1 Yr ARM 3.25% +0.04 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 2.80% 1.17 -0.23 30 Yr. Fixed 3.58% 1.37 -0.19 MBA ** 30 Yr. Fixed 4.68% 0.42 +0.00 15 Yr. Fixed 3.70% 0.38 -0.06 30 Yr. Jumbo 4.81% 0.40 -0.05 30 Yr. FHA 4.38% 0.22 +0.01 5/1 ARM 3.39% 0.37 -0.01 Freddie Mac ** 30 Yr. Fixed 4.37% 0.70 -0.14 15 Yr. Fixed 3.41% 0.70 -0.12 1 Yr. ARM 2.66% 0.40 +0.00 5/1 Yr. ARM 3.17% 0.60 -0.09 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 96.80 -0.56 30YR FNMA 3.5 100.72 -0.45 30YR GNMA 3.0 97.75 -0.58 30YR GNMA 3.5 101.69 -0.48 15YR FNMA 3.0 102.47 -0.42 15YR FNMA 2.5 99.52 -0.48 Treasuries Yield Change 2 YR 0.3520% +0.0419 5 YR 1.3749% +0.0639 10 YR 2.5842% +0.0793 30 YR 3.6426% +0.0663 Prices as of: 7/24/2013 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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