Daily Newsletter: Mortgage Rates Higher Still; Big Day Ahead; Sobering Survey Highlights Housing Crisis Shell-Shock; Mortgage Apps Lower

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30 Year Fixed 4.23%   +0.03 15 Year Fixed 3.33%   +0.02 10YR Treasury 2.60%   +0.0072 FNMA 30YR 3.5 102.22   +0.06 FNMA 15YR 2.5 103.67   +0.11 View Today's Rates

Wednesday June 4, 2014 Mortgage Rate Watch - 3:39PM Mortgage Rates Higher Still; Big Day Ahead Mortgage rates were higher yet again today. This time around, the move wasn't quite as brisk as the past few days. In fact, morning rate sheets were slightly stronger than yesterday ... MND NewsWire - 1:38PM Sobering Survey Highlights Housing Crisis Shell-Shock The American view of the financial importance of homeownership and awareness of the sacrifices it can entail appear to be shifting according to results of a recent survey released by ... MND NewsWire - 8:55AM Mortgage Applications Slightly Lower; Possible Holiday Effects Mortgage application activity retreated again during the holiday-shortened week ended May 30. The Mortgage Bankers Association (MBA) said that mortgage applications as measured by its ... MBS Commentary - 7:31AM MBS Day Ahead: Revisiting the Great NFP vs ADP Debate Today brings the release of the ADP Employment Report. At times, this data has been maligned as the a horrible predictor of the official number from the Bureau of Labor Statistics ... COFI Primer; Agency Stock Drama; Upcoming Events Including Bowling and Breakfasts Census Bureau Introduces Interactive Housing Data Tool Latest Video Santelli Exchange: ECB anything but normal CEO zeroes in on fate of housing sector Will interest rates rise? More News from 'Around the Web' Washington Post - 4:38PM Wonkblog: Voters in one of America's most expensive cities just came up with another way to block new housing DataQuick - 3:02PM April Phoenix Region Home Sale Press Release CNBC - 1:18PM Cashless society? Not so fast CNBC - 1:17PM Why the U.S. economy will disappoint info.trulia.com - 1:16PM Almost Half of Millennial Home Buyers Plan to Ask Parents for Down Payment Bloomberg - 10:38AM Citigroup Wins Order Reviving $285 Million SEC Accord - Bloomberg American Bankers Assoc. - 10:37AM Rent or Buy? 5 Questions Consumers Should Ask First CNBC - 10:34AM Lennar: Housing still 30% below normal: Reuters - 9:08AM U.S. private sector adds 179,000 jobs in May: ADP www.gallup.com - 9:07AM U.S. Job Creation Index Hits New High Reuters - 9:01AM U.S. trade deficit widens to two-year high in April WSJ - 8:59AM Stimulus Exit Needs Careful Coordination, World Bank Official Says CNBC - 8:44AM Fed's Fisher wants October end to QE3 CNBC - 8:37AM Lowest rates in a year do nothing for mortgages CNBC - 8:37AM Here's where house prices are rising the fastest Today's Comments MBS Live Chat - 3:07PM "Apparently expectations for ECB easing are fading...." MBS Live Chat - 3:08PM "quote from MG "The biggest risk is that markets may have 'priced in' some amount of ECB easing this Thursday. In that case, even if the ECB lowers rates and announces asset purchases, it still might not be viewed as a net-positive for bond markets at current levels."..." MBS Live Chat - 3:10PM "this is all positioning; this is a telegraphed move by market...." MBS Live Chat - 3:12PM "I don't think we necessarily need to decide what it is. There's volatility ahead of major data. We're technically right on the edge of the year's main range and the subsequent "lead-off" range. I think that's a reasonable place to be, even if it's the less pleasant side of that lead-off range from a..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.23% +0.03 15 Yr FRM 3.33% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.03% +0.02 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 3.80% 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 4.12% 0.60 -0.02 15 Yr. Fixed 3.21% 0.50 -0.04 1 Yr. ARM 2.41% 0.40 -0.02 5/1 Yr. ARM 2.96% 0.30 +0.00 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 +0.02 30YR FNMA 3.5 102.22 +0.06 30YR GNMA 3.0 99.84 +0.03 30YR GNMA 3.5 103.25 +0.05 15YR FNMA 3.0 103.67 +0.11 15YR FNMA 2.5 101.09 +0.03 Treasuries Yield Change 2 YR 0.3987% -0.0039 5 YR 1.6425% +0.0001 10 YR 2.6039% +0.0072 30 YR 3.4421% +0.0033 Prices as of: 6/4/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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