Daily Newsletter: Mortgage Rates Higher as Volatility Ramps up; Interactive Housing Statistics; April Home Price Increase Smallest in 14 Months

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30 Year Fixed 4.20%   +0.04 15 Year Fixed 3.31%   +0.02 10YR Treasury 2.60%   +0.0664 FNMA 30YR 3.5 102.16   -0.42 FNMA 15YR 2.5 103.56   -0.20 View Today's Rates

Tuesday June 3, 2014 Mortgage Rate Watch - 3:42PM Mortgage Rates Higher as Pre-ECB Volatility Ramps up Mortgage rates continued moving higher at a relatively brisk pace today. The historically normal sources of market guidance--like economic data and Fed policy--remain afterthoughts ... MND NewsWire - 11:01AM Census Bureau Introduces Interactive Housing Data Tool The Census Bureau recently introduced a new on-line interactive graphic which interprets annual data from the Bureau's Survey of Construction . The graphic pictures, logically enough ... MND NewsWire - 10:49AM April Price Increase was Smallest in 14 Months Home prices posted a 26th consecutive month of year-over-year increases in April on the CoreLogic Home Price Index (HPI) Prices nationwide, including those of distressed homes sold ... MBS Commentary - 12:51PM MBS MID-DAY: Bonds Fight to Stay in Range After Weak Morning After yesterday kicked off the new month with a quick return over 2.47 in 10yr Treasury yields, the overnight session kept the selling pressure intact. This was less of an issue during ... PHH Sells Fleet Business; New Reverse Mortgage Program for Correspondents; Caliber's Non-Agency Rollout April Construction Spending Flat, March Numbers Better than Reported No More Interest-only HELOCs for Wells Borrowers Latest Video Traders feud about what matters this week This week's econ data Santelli's view of bond action More News from 'Around the Web' blogs.wsj.com - 4:50PM Calm or Complacency, in Three Charts Bloomberg - 4:49PM Western Asset to Team With Lenders in Mortgage Push - Bloomberg Bloomberg - 3:34PM Draghi Said Poised to Keep Rate-Cut Option Even After June Move - Bloomberg WSJ - 2:22PM Interest Rates at Zero May Link Uncertainty with Slower U.S. Growth: Dallas Fed Paper WSJ - 2:16PM Fed's George: Raise Rates 'Sooner and at a Faster Pace' Than 2015 Consensus Reuters - 2:16PM Icahn bought $51 million in Fannie, Freddie shares - filing CNBC - 12:59PM The 'new normal' is over: Pros Reuters - 11:55AM U.S. factory orders increase for third straight month CNN - 11:55AM Why hasn't Main Street recovered like Wall Street? CNBC - 11:38AM A real estate giant turns on to tech incubators CNBC - 11:37AM Recent bond-yield creep is start of something: Pros CNBC - 11:29AM Carl Icahn bets on Fannie, Freddie Market Watch - 9:31AM Treasurys fall for fourth consecutive session Bloomberg - 9:31AM Story Behind ISM Errors Reads Like Hammett Novel: Opening Line - Bloomberg CNBC - 8:11AM US bonds decline after more good news from China CNBC - 8:11AM All eyes on the ECB: Negative rate cut looms Today's Comments MBS Live Chat - 3:04PM "Hey Guys, been out since Fri and skimming through the articles... no big reason for the sell off ? Can it just be "why did they go down in the first place"..." MBS Live Chat - 3:04PM "I'd view more as positioning before 3 days of market moving data...." MBS Live Chat - 3:05PM "NFP ramp of course..." MBS Live Chat - 3:05PM "buy the rumor, sell the news re: ECB announcement...." MBS Live Chat - 3:06PM "agreed, we are still in the rumor part, news in Thursday..." 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 4.20% +0.04 15 Yr FRM 3.31% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.01% +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 3.80% 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 97.89 -0.52 30YR FNMA 3.5 102.16 -0.42 30YR GNMA 3.0 99.81 -0.44 30YR GNMA 3.5 103.20 -0.39 15YR FNMA 3.0 103.56 -0.20 15YR FNMA 2.5 101.06 -0.27 Treasuries Yield Change 2 YR 0.4026% +0.0119 5 YR 1.6424% +0.0493 10 YR 2.5967% +0.0664 30 YR 3.4388% +0.0689 Prices as of: 6/3/2014 4:31PM 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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Daily Newsletter: No More Interest-only HELOCs for Wells; Rates Higher; Big Week Ahead; Data Suggests Stronger Refi Demand Potential

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30 Year Fixed 4.16%   +0.04 15 Year Fixed 3.29%   +0.03 10YR Treasury 2.53%   +0.0571 FNMA 30YR 3.5 102.58   -0.39 FNMA 15YR 2.5 103.75   -0.19 View Today's Rates

Monday June 2, 2014 MND NewsWire - 1:25PM No More Interest-only HELOCs for Wells Borrowers According to The Wall Street Journal Wells Fargo Mortgage is revamping its home equity line of credit loans (HELOCs) to eliminate the interest only feature that has characterized these ... Mortgage Rate Watch - 3:09PM Mortgage Rates Higher to Begin Important Week Mortgage rates moved higher today, returning in line with the same "sharply sideways" levels seen just before the most recent push to 2014 lows last week. Bond markets including MBS ... MND NewsWire - 1:14PM Prepayment Rates May Foretell Stronger Refi Originations Prepayment rates, an indicator of refinancing activity, increased slightly in April, the second consecutive monthly increase, as interest rates declined Black Knight Financial Services ... MBS Commentary - 7:56AM MBS Week Ahead: Potentially a Very Big Week; Focus on ECB Thursday On the first week of most any month, the focal point for bond market trading is unquestionably Friday's Nonfarm Payrolls (NFP)--and with good reason. It's the single most important ... April Construction Spending Flat, March Numbers Better than Reported Fed Study on Affiliated Relationships; Bank M&A; is Privacy Dead in Lending? Latest Video Santelli Exchange: Fed's next act May ISM Index now 55.4 Santelli: Zone of low yields More News from 'Around the Web' CNBC - 3:01PM Go figure: Investors still buying bonds CNBC - 3:01PM ISM double error angers traders CNBC - 2:11PM ISM corrects May mfg index (again) The Big Picture - 2:10PM Post Peak, Post Bottom CS Housing Numbers Washington Post - 2:10PM Wonkblog: The housing crash did nothing to tamp our appetite for enormous houses www.lpsvcs.com - 12:42PM Black Knight's April Mortgage Data: Over 40 Percent of Modified Loans Facing Resets Are Underwater Washington Post - 12:42PM Wonkblog: Why homeowners who got mortgage help may still end up losing their homes CNBC - 12:42PM Chicago real estate is a 'seller's market' CNBC - 10:58AM Slow recovery fuels extremism: Roubini www.census.gov - 10:36AM 2013 Characteristics of New Housing CNBC - 10:36AM US ISM manufacturing index at 53.2 vs 55.5 expected; construction spending up 0.2% vs 0.6% expected WSJ - 10:34AM Wells Fargo Will Stop Offering Most 'Interest-Only' Home-Equity Loans www.ourbroker.com - 9:35AM If Mortgage Rates Are Down Why Are Home Sales Lagging? Market Watch - 9:35AM Bond Report: Treasurys retreat ahead of big week for data Bloomberg - 8:42AM Cash Deals Reach Record With Boomers Retiring: Mortgages - Bloomberg CNBC - 8:41AM US bonds decline after strong China PMI numbers www.freddiemac.com - 8:40AM Competing for Homebuyers in a Buyer's REO Market CNBC - 8:40AM How long can Treasury yields stay this low? Today's Comments MBS Live Chat - 8:49AM "Good stuff CS. To Tchir's point about where the focus truly lies, I'd only add the following: http://mndne.ws/T6Iw5Y That's not to say he's absolutely wrong, just that market participants see this, as well as the timing of the two major bouts of pain-trading that came after it (which aligned with ECB..." MBS Live Chat - 12:37PM "from market watch, The Institute for Supply Management has admitted to some reporters that it has incorrectly applied seasonal adjustment factors. The new number they're releasing, 56%, may now be too high. ISM initially reported a reading of 53.2%. Economists who have applied ISM's seasonal adjustment..." MBS Live Chat - 3:18PM "anyone know the answer to this question: If a veteran is retiring, and doesn't have his disability rating yet, do you know how long after they close they can apply to be refunded that VAFF amount once their disability rating is approved?..." MBS Live Chat - 3:29PM "From what I've experienced there isn't a timeline...it all comes down to from what date they assign the disability rating. From what I've been told multiple funding fees paid post the disability date can be refunded, but I'm not sure if this is true. Also, be advised that the lender/investor is the entity..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.04 15 Yr FRM 3.29% +0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.97% +0.04 5/1 Yr ARM 3.25% +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 4.12% 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 98.39 -0.52 30YR FNMA 3.5 102.58 -0.39 30YR GNMA 3.0 100.20 -0.45 30YR GNMA 3.5 103.55 -0.36 15YR FNMA 3.0 103.75 -0.19 15YR FNMA 2.5 101.34 -0.25 Treasuries Yield Change 2 YR 0.3947% +0.0197 5 YR 1.5964% +0.0573 10 YR 2.5321% +0.0571 30 YR 3.3716% +0.0463 Prices as of: 6/2/2014 3:49PM 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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