Daily Newsletter: Fannie Economist Sees Rates Rising; Home Prices Nearing Pre-Crash Levels; Existing Home Sales Improve

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30 Year Fixed 4.18%   +0.00 15 Year Fixed 3.33%   +0.00 10YR Treasury 2.63%   +0.0181 FNMA 30YR 3.5 102.14   -0.22 FNMA 15YR 2.5 103.47   -0.03 View Today's Rates

Monday June 23, 2014 MND NewsWire - 3:24PM Fannie Economist Sees Rates Rising to Top of Range Almost one year ago Mark Palim, Fannie Mae's Vice President of Applied Economic and Housing Research, analyzed what impact rising rates might have on the housing recovery. When he wrote ... MND NewsWire - 1:50PM Home Prices Nearing Pre-Crash Levels Home price are again approaching the high point they reached in 2006, before the bottom fell out of the housing market. Black Knight in its Home Price Index Report for April says that ... MND NewsWire - 11:20AM Existing Homes in May: Stronger Sales, Moderating Price Gains There were some healthy signals from the existing home market in May, as sales rose strongly and price growth moderated. The National Association of Realtors® (NAR) said all four ... Mortgage Rate Watch - 5:04PM Mortgage Rates Higher in Afternoon, Unchanged from Friday Mortgage rates were slightly lower this morning, but moved higher in the afternoon, ultimately matching Friday's latest offerings. Despite some economic reports in the morning, bond ... ABA Renews Freddie's Alliance; Agency & Non-Agency Lawsuit News; Analyst Digs at Stonegate MBS Day Ahead: Busy Week Includes Lots of Housing Data, Treasury Auctions, and GDP Latest Video The problem with housing Second wave upward of housing coming: Pro May existing home sales up 4.9% More News from 'Around the Web' Washington Post - 5:30PM Wonkblog: Two charts that show why the housing market is off track CNBC - 3:30PM Dallas homebuyers 'not afraid' anymore CNBC - 1:45PM Will higher rents drive up mortgage rates? www.frbsf.org - 1:45PM Household Expectations and Monetary Policy Bloomberg - 1:45PM MBIA Seeks Data in $1 Billion Credit Suisse Mortgage Suit - Bloomberg CNBC - 12:24PM Google's updates leave businesses scrambling www.lpsvcs.com - 10:50AM Black Knight Home Price Index Report: April 2014 Transactions CNBC - 10:50AM Existing home sales hit 4.9 million in May, vs. expectations of 4.73 million units Market Watch - 9:33AM Bond Report: Treasurys advance ahead of $107 billion in debt sales www.ourbroker.com - 9:32AM Why Neighborhood Crime Stats Are Wrong CNBC - 8:39AM Housing in focus for Wall Street this week Reuters - 8:38AM Stock futures flat after mixed data overseas Today's Comments MBS Live Chat - 1:16PM "interesting scenario I have run into.... mobile home purchased and delivered to a property where the borrower paid rent to have it there ( never owned the land ) took it down in a BK but the lender shows it as a MTG....thought you had to own land and home to be a mortgage? Winnebago is not a MTG......." MBS Live Chat - 1:18PM "coded wrong. Might be fun getting that fixed on the credit report...." MBS Live Chat - 1:19PM "what if the land is leasehold, still would show as mortgage..." MBS Live Chat - 1:59PM "Just told that sister in law cannot give gift of equity. Input please?..." MBS Live Chat - 2:00PM "that is inaccurate..." MBS Live Chat - 2:00PM "sounds inaccurate unless the blood relative is not part of the loan on the receipt?..." MBS Live Chat - 2:03PM "there is a mtgee letter on that topic..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.18% +0.00 15 Yr FRM 3.33% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.01% +0.01 5/1 Yr ARM 3.23% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.66% 1.16 -0.01 30 Yr. Fixed 4.53% 1.31 +0.02 MBA ** 30 Yr. Fixed 4.36% 0.24 +0.02 15 Yr. Fixed 3.50% 0.16 +0.07 30 Yr. Jumbo 4.32% 0.09 +0.05 30 Yr. FHA 4.07% -0.39 +0.01 5/1 ARM 3.20% 0.27 +0.02 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 97.91 -0.22 30YR FNMA 3.5 102.14 -0.22 30YR GNMA 3.0 99.92 -0.38 30YR GNMA 3.5 103.25 -0.27 15YR FNMA 3.0 103.47 -0.03 15YR FNMA 2.5 101.05 -0.08 Treasuries Yield Change 2 YR 0.4684% +0.0082 5 YR 1.7038% +0.0184 10 YR 2.6261% +0.0181 30 YR 3.4549% +0.0187 Prices as of: 6/23/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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