Daily Newsletter: Mortgage Rates hit Lowest Levels this Month; HARP Awareness Campaign; Rising Employment Not Helping Housing Much; Mortgage Apps Fall

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30 Year Fixed 4.13%   -0.04 15 Year Fixed 3.29%   -0.03 10YR Treasury 2.56%   -0.0181 FNMA 30YR 3.5 102.56   +0.14 FNMA 15YR 2.5 103.66   +0.02 View Today's Rates

Wednesday June 25, 2014 Mortgage Rate Watch - 3:48PM Mortgage Rates hit Lowest Levels this Month Mortgage rates fell nicely today following the much weaker-than-expected reading on Q1 GDP. The improvement takes average rates to their lowest levels this month, just edging out June ... MND NewsWire - 12:27PM FHFA Enlists Local Leaders in HARP Recruitment Drive The Federal Housing Finance Agency (FHFA) is making another attempt to reach homeowners who might benefit from its Home Affordable Refinance Program (HARP). FHFA feels that there are ... MND NewsWire - 12:14PM Rising Employment, Declining Delinquencies Fail to Buoy Housing Freddie Mac said today that the U.S. housing market is sending mixed signals . Most markets, according to the company's Multi-Indicator Market Index (MiMi) remain weak even though mortgage ... MND NewsWire - 9:14AM Lackluster Week for Mortgage Applications Mortgage Applications slowed for the second straight time last week but the loss was modest compared to the 9.2 percent plunge during the week that preceded it. The Mortgage Bankers ... MBS MID-DAY: Strongest Gains Came Early, Now Fighting to Hold Them MBS Day Ahead: Q1 GDP: Market Mover or Excuse? OIG to FHFA: Be More Litigious Over Force-Placed Insurance Pay Attention to Diversity in Counterparties; State-Level Changes of nNote; Recent HECM News Latest Video GDP data doesn't pass 'smell test': Expert Why GDP will bounce back in Q2 What weak GDP says about economy More News from 'Around the Web' Market Watch - 4:43PM New York Attorney General to unveil lawsuit against Barclays CNBC - 4:42PM How to rent your home for the summer (legally) National Housing Conference - 4:41PM JPMorgan Chase pledges additional $100 million for Detroit recovery efforts WSJ - 3:15PM First-Quarter Output Drop Doesn't Measure Up with First-Quarter Hiring Reuters - 1:34PM Boehner says to file lawsuit over Obama executive actions Fannie Mae - 12:19PM Fannie Selling Guide Announcement www.philadelphiafed.org - 12:17PM Recording and Slides from Last Week's TILA/RESPA Webinar Bloomberg - 12:05PM Fannie-Freddie Regulator Starts New Push for HARP Refinancing - Bloomberg CNBC - 11:06AM OCC warns of increasingly risky lending Market Watch - 10:21AM Realtors, builders, bankers placing big election bets freddiemac.mwnewsroom.com - 10:07AM Housing Markets Show Little Improvement Bloomberg - 9:05AM U.S. GDP Technical Note The Big Picture - 9:03AM Rising Interest Rate Risk at US Banks Reuters - 9:03AM U.S. durable goods unexpectedly fall in May Reuters - 9:03AM U.S. economy contracts 2.9 percent in first quarter Bloomberg - 8:18AM Citigroup Team's Mortgage Bets Undeterred by Volcker Rule - Bloomberg CNBC - 8:17AM Fed's Dudley: Mid-2015 rate hike 'reasonable' CNBC - 8:15AM Mortgage numbers suggest slower summer sales CNBC - 8:15AM US bonds hold steady ahead of GDP, durable goods Today's Comments MBS Live Chat - 8:41AM "IMO rates would need to dip below 3.875 to get refi's back on the table but that would mean economy is even worse so jobs won't be there and purchases drop. Rates increase refi's are gone and hopefully purchases pick up as people gain jobs and feel more comfortable they will keep their job. A precarious..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.13% -0.04 15 Yr FRM 3.29% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.97% -0.03 5/1 Yr ARM 3.22% +0.00 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 4.33% 0.18 -0.03 15 Yr. Fixed 3.47% 0.19 -0.03 30 Yr. Jumbo 4.28% 0.12 -0.04 30 Yr. FHA 4.03% -0.38 -0.04 5/1 ARM 3.23% 0.27 +0.03 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 98.42 +0.16 30YR FNMA 3.5 102.56 +0.14 30YR GNMA 3.0 100.27 +0.03 30YR GNMA 3.5 103.56 +0.11 15YR FNMA 3.0 103.66 +0.02 15YR FNMA 2.5 101.28 +0.02 Treasuries Yield Change 2 YR 0.4843% +0.0239 5 YR 1.6540% -0.0182 10 YR 2.5610% -0.0181 30 YR 3.3832% -0.0143 Prices as of: 6/25/2014 4:27PM 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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