Daily Newsletter: Mortgage Rates Only Moderately Lower After Fed Announcement; Suntrust Sued By Nearly Everyone at Once; Mortgage Apps Drop Abruptly

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30 Year Fixed 4.21%   -0.03 15 Year Fixed 3.34%   -0.03 10YR Treasury 2.59%   -0.0616 FNMA 30YR 3.5 102.19   +0.50 FNMA 15YR 2.5 103.38   +0.31 View Today's Rates

Wednesday June 18, 2014 Mortgage Rate Watch - 4:46PM Mortgage Rates Only Moderately Lower After Fed Announcement Mortgage rates moved modestly lower by the end of the day, but didn't break any new ground on the week. The afternoon brought the week's main event in the form of the Fed's policy announcement ... MND NewsWire - 12:16PM SunTrust Settles Servicing Abuse Claims with AGs, Feds SunTrust Mortgage, has agreed to pay a total of nearly $1 billion to settle various complaints alleging abuses in mortgage origination, servicing, and foreclosure procedures including ... MND NewsWire - 9:00AM Uptick in Rates Provokes a Big Drop in Volume There was a significant drop in mortgage applications, especially for refinancing, during the week ended June 13 the Mortgage Bankers Association (MBA) reported today. Results of MBA ... MND NewsWire - 12:29PM Rising Prices Increasingly Deterring Sales in California Information from the California Association of Realtors (C.A.R.) on Tuesday echoing the trend if not the absolute numbers of data released last week from DataQuick. Both surveys show ... Differences Between Past and Current FOMC Statements SunTrust, Ocwen Settlements; Mortgage Investors Borrowing From FHLBs Latest Video Fed: Economic growth rebounded recent months Santelli Exchange: QE feast for Wall Street? Closing Bell Exchange: Market's reaction to Yellen More News from 'Around the Web' www.npr.org - 5:14PM Housing Market Sluggish Due To Millions Of 'Missing Households' WSJ - 4:18PM Yellen: Investors Shouldn't Take Ultra-Low Rates For Granted Bloomberg - 3:32PM Yellen Says Low Volatility a Worry If It Induces Risky Behavior - Bloomberg WSJ - 3:31PM 5 Takeaways From the Fed's Decision, Growth Downgrade WSJ - 3:30PM Fed's Yellen: Recent U.S. Inflation Data on High Side, But Noisy freddiemac.mwnewsroom.com - 3:21PM Freddie Mac June 2014 U.S. Economic and Housing Market Outlook Market Watch - 3:20PM Yellen: Lenders need 'greater certainty' to make more mortgages CNBC - 2:18PM Denver homes: 'Truly a seller's market' CNBC - 2:16PM Fed tapers another $10 billion House Financial Services - 12:48PM 'Disturbing Developments' at CFPB Show Need for Accountability CNBC - 11:41AM Fed's tough choice on inflation: Pro WSJ - 10:57AM Why The Market Doubts Fed's Projections rss.nytimes.com - 10:54AM In the Euro Zone, Recession Is Not Quite Over, Economists Say Market Watch - 8:54AM Bond Report: Treasurys rise ahead of Fed news CNBC - 8:54AM US current account deficit widens sharply Today's Comments MBS Live Chat - 2:01PM "RTRS- FED REPEATS MAY KEEP FUNDS RATE BELOW NORMAL LEVELS FOR SOME TIME EVEN ONCE EMPLOYMENT, INFLATION NEAR LEVELS IN LINE WITH MANDATE..." MBS Live Chat - 2:03PM "as expected, all changes in 1st paragraph..." MBS Live Chat - 2:07PM "almost 25 bps worse on live pricing..." MBS Live Chat - 2:07PM "the 5 minute reversal seems common on Fed and NFP days...." MBS Live Chat - 2:08PM "wow, a little bit of volatility......" MBS Live Chat - 2:08PM "super ball bounce..." MBS Live Chat - 2:08PM "we need yellen to talk us off the ledge..." MBS Live Chat - 2:09PM "We're down 4 on MBS and the 10 yr is in the green, still below supprot...." MBS Live Chat - 2:09PM "yeah, this isn't a freak-out situation at the moment. Some reprice risk, so act accordingly if you need to, but not catastrophic..." MBS Live Chat - 2:09PM "we'll probably get another sharp-ish bounce back up in MBS as long as Treasuries are hanging out near 2.64..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.21% -0.03 15 Yr FRM 3.34% -0.03 FHA 30 Year Fixed 3.76% -0.04 Jumbo 30 Year Fixed 4.03% -0.04 5/1 Yr ARM 3.24% +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 4.20% 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 98.06 +0.52 30YR FNMA 3.5 102.19 +0.50 30YR GNMA 3.0 100.19 +0.28 30YR GNMA 3.5 103.34 +0.22 15YR FNMA 3.0 103.38 +0.31 15YR FNMA 2.5 100.95 +0.33 Treasuries Yield Change 2 YR 0.4516% -0.0321 5 YR 1.6767% -0.0764 10 YR 2.5916% -0.0616 30 YR 3.4067% -0.0354 Prices as of: 6/18/2014 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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