Daily Newsletter: Mortgage Rates Improve After Strong Treasury Auction; Originators Didn't Break Even in Q1; Lenders Invited to Webinar on New Disclosures

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30 Year Fixed 4.20%   -0.01 15 Year Fixed 3.33%   -0.03 10YR Treasury 2.60%   -0.0434 FNMA 30YR 3.5 102.02   +0.22 FNMA 15YR 2.5 103.64   +0.09 View Today's Rates

Thursday June 12, 2014 Mortgage Rate Watch - 3:43PM Mortgage Rates Improve After Strong Treasury Auction Mortgage rates made a stronger mover lower today, following a well-received 30yr Treasury auction. Treasury yields don't directly dictate mortgage rates, but MBS (the mortgage-backed ... MND NewsWire - 2:00PM For Originators in Q1, Breaking Even was a Win The Mortgage Bankers Association is reporting a net per-loan loss was suffered by those independent mortgage banks and mortgage subsidiaries of chartered banks which participated in ... MND NewsWire - 10:57AM Lenders Invited to Webinar on GFE/TIL Changes Lenders, settlement agents, and others who are affected by the new TILA-RESPA Integrated Disclosures Rule may wish to note the first in a series of recurring live webinars being conducted ... MBS Commentary - 7:45AM MBS Day Ahead: On an Otherwise Barren Week, Today is an Oasis of Potential So bond markets were supposed to suffer heading into to 2014, and most everyone was wrong. Once everyone got on the same page about being wrong, then bond markets were supposed to supposed ... MBA Reports on Lack of Profits for Mortgage Banks; Homebuilder's Misleading Ads; More Mergers More Individual NMLS Licenses among Fewer Companies in Q1 2014 Latest Video McCulley: Bond market is fair Santelli: Big yield drops Santelli Exchange: Real cost of federal loans More News from 'Around the Web' WSJ - 4:16PM Experts: Builders' Shift to More Home Construction Might Take 1-2 Years rss.nytimes.com - 3:55PM DealBook: Markets Are Restacking the Building Blocks of a Financial Crisis WSJ - 3:54PM Fischer Confirmed as Fed's No. 2, Brainard Joins Board CNBC - 2:59PM 'Cash is still king' in Miami real estate Bloomberg - 2:58PM Weidmann Sees Issues With ECB Sovereign Bond Purchases - Bloomberg WSJ - 2:58PM WSJ Survey: Economists Pare Down Their Housing Addition DataQuick - 1:29PM May Bay Area Home Sale Press Release Market Watch - 1:27PM Treasurys extend gains after strong 30-year auction CNBC - 1:19PM Weak home sales: It wasn't the weather Bloomberg - 12:51PM House Votes to Give Small Business Quicker Tax Writeoffs - Bloomberg CNN - 11:44AM CEOs make 296 times more than workers The Huffington Post - 11:36AM So How Big Is the Remodeling Market Anyway? Market Watch - 10:50AM Markets to Fed: Give us the ‘dot plot' and go home freddiemac.mwnewsroom.com - 10:48AM Freddie Mac Announces June 21 Effort to Help Active and Retired Service Members Buy Homes in North Carolina freddiemac.mwnewsroom.com - 10:48AM Fixed Mortgage Rates Move Higher NAFCU - 9:34AM CFPB, Fed to hold webcast on TILA-RESPA WSJ - 9:32AM New Assurances From Fannie, Freddie on Stuyvesant Town Reuters - 8:48AM U.S. jobless claims rise marginally, jobs market recovery intact CNBC - 8:47AM US May retail sales up 0.3% vs 0.6% estimate Today's Comments MBS Live Chat - 1:04PM "santelli must be on vacation..." MBS Live Chat - 1:04PM "nope, here he is..." MBS Live Chat - 1:05PM "A+..." MBS Live Chat - 1:05PM "He looked at what MG said...." MBS Live Chat - 1:08PM "sweet!! glad to see supply out of the way...let the party began!..." MBS Live Chat - 1:12PM "with this site, we will always be ahead of lock desks..." MBS Live Chat - 2:33PM "I put out a positive reprice alert for our office at 12:30 central. Our secondary department just did a company wide one minutes ago. Score another point for MBS Live!..." MBS Live Chat - 2:44PM "Are we in a death cross? Just kidding...read a headline about that this morning and laughed..." MBS Live Chat - 2:51PM "actually, in terms of exponential moving averages, there was a death cross in late may and it would have been undone today if not for today's rally. All that said, death crosses only work when bonds are trending strongly in one direction with only minor corrections in the opposite direction. 2003 for..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.20% -0.01 15 Yr FRM 3.33% -0.03 FHA 30 Year Fixed 3.75% -0.05 Jumbo 30 Year Fixed 4.03% -0.03 5/1 Yr ARM 3.22% +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 4.20% 0.60 +0.06 15 Yr. Fixed 3.31% 0.50 +0.08 1 Yr. ARM 2.40% 0.40 +0.00 5/1 Yr. ARM 3.05% 0.40 +0.12 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 +0.34 30YR FNMA 3.5 102.02 +0.22 30YR GNMA 3.0 100.25 +0.30 30YR GNMA 3.5 103.41 +0.17 15YR FNMA 3.0 103.64 +0.09 15YR FNMA 2.5 101.23 +0.23 Treasuries Yield Change 2 YR 0.4350% +0.0001 5 YR 1.6795% -0.0164 10 YR 2.5951% -0.0434 30 YR 3.4109% -0.0516 Prices as of: 6/12/2014 4:29PM 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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