Daily Newsletter: Mortgage Rates Dodge Bullet; One More Tomorrow; Negative Equity Still Holding Back Housing Turnover

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30 Year Fixed 4.19%   -0.04 15 Year Fixed 3.30%   -0.03 10YR Treasury 2.58%   -0.0216 FNMA 30YR 3.5 102.52   +0.30 FNMA 15YR 2.5 103.83   +0.16 View Today's Rates

Thursday June 5, 2014 Mortgage Rate Watch - 3:25PM Mortgage Rates Dodge Bullet; One More Tomorrow Mortgage rates finally ended a 5-day losing streak, moving lower for the first time since May 28th. Today's big order of business was the European Central Bank (ECB) Announcement. What ... MND NewsWire - 10:53AM Negative Equity Still Hasn't Fallen Enough to Stimulate Housing Turnover U.S. homeowners continue to regain the equity in their homes which was lost in massive amounts during the housing crisis that began in 2007 and 2008. According to data released today ... MBS Commentary - 12:30PM MBS MID-DAY: ECB Delivers on Market Expectations, Reluctant Rally Ensues Expectations were all over the board for today's European Central bank policy announcement, as well as the characterization of future policy potential at the press conference later ... MND NewsWire - 10:45AM Mortgage Credit Availability up slightly in May Mortgage credit was marginally more available in May than it was in April the Mortgage Bankers Association (MBA) said today. Its Mortgage Credit Availability Index (MCAI) inched up ... Student Loan's Impact on Housing; FHA's Recent Numbers; Lender Updates MBS Day Ahead: Surprise! 2014's Freaky Rally is All About Europe; Let's See How They Handle it Sobering Survey Highlights Housing Crisis Shell-Shock Latest Video ECB rate goes negative Housing: Should you rent or buy? Liesman's jobs outlook More News from 'Around the Web' NAHB - 3:59PM Green Homes Show Growth in a Recovering Market According to New Report from McGraw Hill Construction Washington Post - 3:58PM Wonkblog: What our reasons for moving say about the state of the economy WSJ - 3:00PM Fed's Williams Says Central Bank Needs to Realize Investors Aren't Always Rational WSJ - 3:00PM Fed's Kocherlakota: U.S. Economy Needs Low Rates For Years To Come Calculated Risk Blog - 2:03PM Asking House Prices up 8.0% year-over-year in May, "slowest rate in 13 months" Bloomberg - 2:03PM Household Wealth in U.S. Increases as Home Values Appreciate - Bloomberg WSJ - 1:28PM Why Americans Moved Last Year: Cheaper Housing, Shorter Commutes CNBC - 1:08PM ECB firing 'lots of small bullets': El-Erian WSJ - 1:06PM Mortgage Rates Are Falling, So Where Are the Home Buyers? CNBC - 12:10PM ECB proves the war on deflation is raging CNBC - 10:56AM Indicator points to falling home prices freddiemac.mwnewsroom.com - 10:55AM Fixed Mortgage Rates Largely Flat Reuters - 10:06AM U.S. jobless claims up, but jobs market still strengthening Google News - 10:03AM How well do the GSEs serve minority borrowers? Market Watch - 10:03AM Irish 10-year yield below U.S. for first time since 2007 CNBC - 8:14AM More Americans are rejoining workforce Market Watch - 8:13AM Treasurys, bunds rise after ECB cuts interest rates CNBC - 8:13AM Planned US layoffs jump Reuters - 8:11AM Stocks at a record, but bonds look to break bad first Bloomberg - 8:01AM Draghi Takes ECB Deposit Rate Negative in Historic Move - Bloomberg Today's Comments MBS Live Chat - 12:01PM "if using support for income does it have to be received for 3 or 6 months?..." MBS Live Chat - 12:02PM "Adding to VB's question, same for alimony also?..." MBS Live Chat - 12:03PM "6 months..." MBS Live Chat - 12:04PM "Just read that off of the FNMA homepath guidelines I was reading so probably true of all FNMA/FHLMC programs..." MBS Live Chat - 12:06PM "Love that phrase:"Ongoing Positive Reprice Potential"..." MBS Live Chat - 12:40PM "tomorrow is going to be huge..." MBS Live Chat - 12:50PM "Since October of 2013 if you throw out the "weather related" mos of Dec/Jan we've averaged 245K jobs per mos. Me thinks a weak # tomorrow is not in the cards...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.19% -0.04 15 Yr FRM 3.30% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% -0.03 5/1 Yr ARM 3.22% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.31% 0.15 -0.02 15 Yr. Fixed 3.42% 0.06 -0.01 30 Yr. Jumbo 4.23% 0.16 -0.01 30 Yr. FHA 4.04% -0.45 -0.02 5/1 ARM 3.13% 0.19 -0.01 Freddie Mac ** 30 Yr. Fixed 4.14% 0.50 +0.02 15 Yr. Fixed 3.23% 0.50 +0.02 1 Yr. ARM 2.40% 0.40 -0.01 5/1 Yr. ARM 2.93% 0.40 -0.03 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 98.19 +0.28 30YR FNMA 3.5 102.52 +0.30 30YR GNMA 3.0 100.16 +0.31 30YR GNMA 3.5 103.52 +0.27 15YR FNMA 3.0 103.83 +0.16 15YR FNMA 2.5 101.30 +0.20 Treasuries Yield Change 2 YR 0.3829% -0.0158 5 YR 1.6245% -0.0032 10 YR 2.5823% -0.0216 30 YR 3.4337% -0.0084 Prices as of: 6/5/2014 4:24PM 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. 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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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