Daily Newsletter: Mortgage Rates Rise Ahead of Big Jobs Report; Little Change in Mortgage Apps Despite Last Week's Lower Rates

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30 Year Fixed 4.18%   +0.04 15 Year Fixed 3.33%   +0.04 10YR Treasury 2.63%   +0.0599 FNMA 30YR 3.5 102.17   -0.31 FNMA 15YR 2.5 103.52   -0.19 View Today's Rates

Wednesday July 2, 2014 Mortgage Rate Watch - 5:36PM Mortgage Rates Rise as Data Fuels Fears for Tomorrow Mortgage rates moved higher today , once again at faster pace than most of the recent movement higher or lower. The weakness in mortgage markets owes itself partly to the way in which ... MND NewsWire - 8:54AM Little Change in Mortgage Apps Despite Lower Rates Even as mortgage interest rates retreated across the board last week Mortgage application volume remained essentially unchanged . The Mortgage Bankers Association (MBA) reports that ... Pipeline Press - 10:10AM Non-Bank Servicers Under the Microscope - Who Will Service Loans?; HELOC Problems Ahead? In July 1776, the estimated number of people living in the newly independent nation was 2.5 million. (Nowadays, this is approximately the number of people on the freeway in Atlanta ... MBS Commentary - 12:17PM MBS MID-DAY: Almost Perfectly Flat After ADP-Inspired Sell-Off Referring to the morning's weakness as exclusively "ADP-inspired" is a bit of an overstatement . Bond markets have generally been trading in the direction of broad-scale "quarter-end ... Regulators Prepare Lenders for HELOC Transition Home Price Gains Cooling Off Quickly Latest Video Santelli Exchange: Disappearing jobs Pimco's one big idea: The 'new neutral' ADP private sector employment up 281,000 in June More News from 'Around the Web' CNBC - 5:34PM DOJ finalizing suit against Citigroup over mortgage-backed securities freddiemac.mwnewsroom.com - 5:34PM Freddie Mac Reduces Taxpayer Exposure With $285 Million Credit Risk Insurance Policies Google News - 5:34PM Move over, Freddie Mac: Ginnie Mae will be number 2 soon CNBC - 2:22PM Can the Fed and Janet Yellen control bubbles? Washington Post - 1:20PM Nevermind the headlines, tomorrow's jobs report is all about discouraged workers www.firstam.com - 1:17PM Property Valuation Fraud Risk Up Nationwide Washington Post - 1:17PM The way for regulators to hit a bank where it hurts: a ban from markets CNBC - 11:46AM Yellen: Seeing pockets of increased risk-taking Reuters - 10:38AM U.S. factory orders hurt by defense; investment appetite positive House Financial Services - 10:37AM CFPB Renovation Costs Now Exceed $215 Million - $120 Million More Than Previous Estimate WSJ - 9:04AM Rise in Partisan Conflict is a Drag on the U.S. Economy Reuters - 9:03AM U.S. private sector adds 281,000 jobs in June: ADP www.gallup.com - 9:02AM U.S. Job Creation Index Holds at Six-Year High in June www.gallup.com - 9:02AM U.S. Payroll to Population Rate Rises to 45.0% in June WSJ - 9:01AM Yellen and Lagarde Take Stock of Lessons from Crises Past www.npr.org - 8:28AM For Sale: Vacant Lots On Chicago Blocks, Just $1 Each CNBC - 8:26AM Summer surge: Private sector jobs jump, ADP says CNBC - 8:24AM UK house prices pass pre-crisis peak CNBC - 8:23AM Mortgage volume remains stuck despite lower rates Today's Comments MBS Live Chat - 9:05AM "market isn't giving ADP as much credit as year's past..." MBS Live Chat - 9:10AM "Let's hope we don't get a 300K Jobs print tomorrow. In any case, I locked em up yesterday to be safe...." MBS Live Chat - 9:10AM "Gm, all. 281k? Where are they all? Anyone hearing if a lot of hiring? I'm hearing of hour reductions to reduce layoffs more than hiring lately. But curious what others hear on the street...." MBS Live Chat - 1:01PM "i think short term better be lock..." MBS Live Chat - 1:05PM "short term lock was yesterday, prior to ADP print..." MBS Live Chat - 1:06PM "or better yet, Monday, when I said "anything after today is increasingly risky with the start of July tradeflows" or some such thing...." MBS Live Chat - 1:07PM "i locked two Monday, but i couldn't pull the trigger on the others until yesterday. i appreciated the nudge, nonetheless, MG..." MBS Live Chat - 1:07PM "you nailed it..." MBS Live Chat - 1:07PM "meh... I get lucky sometimes. Lock/float should only ever be an intraday decision...." MBS Live Chat - 1:11PM "call us lucky, but we all invest in this site, which keeps us informed to better maneuver this market for our clients..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.18% +0.04 15 Yr FRM 3.33% +0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.04% +0.05 5/1 Yr ARM 3.23% -0.02 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 97.94 -0.38 30YR FNMA 3.5 102.17 -0.31 30YR GNMA 3.0 100.17 -0.16 30YR GNMA 3.5 103.22 -0.25 15YR FNMA 3.0 103.52 -0.19 15YR FNMA 2.5 101.06 -0.20 Treasuries Yield Change 2 YR 0.4882% +0.0197 5 YR 1.7086% +0.0525 10 YR 2.6264% +0.0599 30 YR 3.4617% +0.0651 Prices as of: 7/2/2014 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: 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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