Daily Newsletter: Mortgage Rates Heading Higher; Regulators Mount Up for HELOC Transition; Home Price Gains Cooling Off Quickly

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30 Year Fixed 4.14%   +0.04 15 Year Fixed 3.29%   +0.04 10YR Treasury 2.57%   +0.0343 FNMA 30YR 3.5 102.48   -0.30 FNMA 15YR 2.5 103.70   -0.08 View Today's Rates

Tuesday July 1, 2014 Mortgage Rate Watch - 4:02PM Mortgage Rates Heading Higher Into New Month Mortgage rates finally made a move higher today as financial markets transitioned from 2nd to 3rd quarter trading strategies. Most frequently, we see things like economic data and news ... MND NewsWire - 2:06PM Regulators Prepare Lenders for HELOC Transition Federal and state regulatory agencies have issued final guidance to financial institutions under their jurisdiction regarding home equity lines of credit ( HELOCs ) that are nearing ... MND NewsWire - 10:57AM Home Price Gains Cooling Off Quickly Home prices enjoyed a 27 th straight month of year-over-year growth in May CoreLogic said today, but noted that those gains are no longer in the double digits. The company's Home Price ... Pipeline Press - 10:47AM Stearns vs. Prospect Verdict; FinCen & Fannie Mae; We're Done With Half of 2014 Already? Yes, smaller lenders sue each other. The latest verdict announced was a decision between Stearns and Prospect Mortgage . And we have the latest settlement, this time between the Department ... MBS MID-DAY: Languishing at Lows Amid Generalized New Quarter Weakness Construction Spending Flat-Lined in May Latest Video Rates rise at end of 2015: Insana Are jobs fireworks on tap for Thursday? Bullish on housing: Pro More News from 'Around the Web' Fannie Mae - 4:06PM Fannie Servicing Guide Update: Alternative to Repurchase for Mortgage Insurance Rescission CNBC - 3:26PM Economy's strong, and jobs will prove it: LaVorgna Calculated Risk Blog - 2:32PM The Slow Down in the House Price Indexes WSJ - 11:50AM KB Home: First-Time Buyers Back on the Radar Reuters - 10:58AM HSBC reaches $10 million settlement over foreclosure charges: U.S. Attorney CNBC - 10:36AM US manufacturing growth cools slightly in May: ISM Market Watch - 10:34AM Bond Report: Treasurys retreat as quarter-end boost fades Reuters - 10:26AM U.S. construction spending barely rises in May Federal Reserve - 10:26AM Agencies issue guidance for home equity lines of credit nearing their end-of-draw periods rss.nytimes.com - 9:08AM Real Estate and the Recovery: Housing: Small Economic Sector With a Big Impact CNBC - 9:07AM Home prices rose more slowly in May Bloomberg - 9:06AM Bubble-Era Debt Dwindling in New Commercial Mortgage Boom - Bloomberg CNBC - 9:06AM US bonds fall ahead of manufacturing ISM report Today's Comments MBS Live Chat - 10:00AM "RTRS- ISM REPORT ON U.S. MANUFACTURING SHOWS PMI AT 55.3 IN JUNE (CONSENSUS 55.8) VS 55.4 IN MAY..." MBS Live Chat - 1:31PM "dow only 5 points from 17000!..." MBS Live Chat - 1:37PM "are you guys seeing pricing .375% worse today? doesn't that seem a bit much?..." MBS Live Chat - 1:37PM "about 30bps..." MBS Live Chat - 1:38PM "8/32 = 25bps..." MBS Live Chat - 1:38PM "around there...but that shouldn't surprise you, they always take away much more than mbs price justifies..." MBS Live Chat - 1:39PM "i've got some at about 40bps. I was kind of asleep at the wheel on a couple locks yesterday i guess....hmm. now what?..." MBS Live Chat - 1:39PM "i would lock before the RP, we always ramp in to NFP, at least that is how it has been for the past 6 months..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.14% +0.04 15 Yr FRM 3.29% +0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.99% +0.04 5/1 Yr ARM 3.25% +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 4.14% 0.50 -0.03 15 Yr. Fixed 3.22% 0.50 -0.08 1 Yr. ARM 2.40% 0.40 -0.01 5/1 Yr. ARM 2.98% 0.30 -0.02 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 98.31 -0.31 30YR FNMA 3.5 102.48 -0.30 30YR GNMA 3.0 100.33 -0.34 30YR GNMA 3.5 103.47 -0.34 15YR FNMA 3.0 103.70 -0.08 15YR FNMA 2.5 101.27 -0.25 Treasuries Yield Change 2 YR 0.4685% +0.0078 5 YR 1.6561% +0.0229 10 YR 2.5665% +0.0343 30 YR 3.3966% +0.0334 Prices as of: 7/1/2014 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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