Daily Newsletter: Mortgage Rates Best in June for 2nd Day; Banks Taking Risks to Stay Profitable; FHA LEAP Difficulties

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30 Year Fixed 4.12%   -0.01 15 Year Fixed 3.27%   -0.02 10YR Treasury 2.53%   -0.0288 FNMA 30YR 3.5 102.78   +0.22 FNMA 15YR 2.5 103.77   +0.11 View Today's Rates

Thursday June 26, 2014 Mortgage Rate Watch - 4:52PM Mortgage Rates at Month's Lows for 2nd Day Mortgage rates moved just slightly lower on average, though some lenders were unchanged or higher. The most prevalently quoted conforming 30yr fixed rate for best-case scenarios ( best ... MND NewsWire - 12:31PM Banks' Efforts to Turn Profits are Risky -OCC The Office of Comptroller of the Currency's (OCC) National Risk Committee (NRC) pronounced the financial position of federally chartered institutions " improved " last year in its Semiannual ... MBS Commentary - 12:10PM MBS MID-DAY: Bonds Were Ready to Rally; Data Didn't Object As we discussed in The Day Ahead , bond markets were sending signals that they were embarking on a trend of improvement. The caveat was that those signals were so obvious that we could ... Pipeline Press - 11:15AM New Century, Carrington, & RFC Legal News; MI Master Policy News; FHA's LEAP Difficulties The ABA reports community banks now spend about 15% of revenue on compliance to meet regulatory requirements. True, the cost of doing business for a regulated business does not drive ... MBS Day Ahead: Next Move for Bonds Already Obvious, Maybe Too Obvious FHFA Enlists Local Leaders in HARP Recruitment Drive Latest Video Millennials 'key' to housing recovery: Study Santelli: 20-year 'deflater' Closing Bell Exchange: Fed talk More News from 'Around the Web' www.treasury.gov - 5:25PM Five Questions with Dr. Michael Stegman on the Private Label Securities Mortgage Market Reuters - 5:17PM Obama administration unveils plan to expand affordable housing WSJ - 4:17PM As Home Sales Remain Restrained, Big Builder Eyes Home-Rental Market CNBC - 3:06PM What babies tell us about housing Bloomberg - 2:02PM Treasury Begins Push to Revive U.S. Mortgage-Bond Market rss.nytimes.com - 11:23AM By Numbers: Where Are the Hardest Places to Live in the U.S.? WSJ - 11:23AM Fed's Bullard Not Worried by GDP Drop Google News - 11:22AM Linking housing and health for seniors: An important step forward Bloomberg - 11:22AM Lennar Revenue Beats Analyst Estimates as Company Raises Prices - Bloomberg WSJ - 10:25AM U.S. Manufacturing Importing As Many Jobs As It Exports, Says Group freddiemac.mwnewsroom.com - 10:25AM Fixed Mortgage Rates Lower Than Same Time Last Year OCC - 10:14AM Mortgage Performance Improvement Continues, OCC Reports WSJ - 10:03AM Fed's Lacker: Much Labor Market Slack Remains Due to Structural Issues Reuters - 9:02AM U.S. consumer spending misses expectations on weak services Reuters - 9:02AM U.S. jobless claims fall marginally last week CNBC - 8:29AM Barclays pulls bond offering Bloomberg - 8:29AM European Bond Yields at Record Low Creates Dilemma for Investors - Bloomberg Bloomberg - 8:24AM Fed Neutralized in Mortgage Bonds on Supply Slump - Bloomberg CNBC - 8:23AM Fed could trigger next crisis: Stephen Roach Today's Comments MND NewsWire - 6:30PM "Borrowers who are HARP eligible but haven't refinanced in the past 3 years, despite record low rates, likely had a reason. Could be DTI issues, could be credit. Sure many could still benefit, but I don't personally see folks who passed on last year's record low rates marching into the office now that..." MND NewsWire - 1:59AM "I have a client "in-the-money", however, FNMA imposed a lava zone restriction through announcement 09-19, and now the subject property is ineligible...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.12% -0.01 15 Yr FRM 3.27% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.96% -0.01 5/1 Yr ARM 3.23% +0.01 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 98.64 +0.22 30YR FNMA 3.5 102.78 +0.22 30YR GNMA 3.0 100.56 +0.30 30YR GNMA 3.5 103.77 +0.20 15YR FNMA 3.0 103.77 +0.11 15YR FNMA 2.5 101.48 +0.20 Treasuries Yield Change 2 YR 0.4686% -0.0157 5 YR 1.6511% -0.0029 10 YR 2.5322% -0.0288 30 YR 3.3574% -0.0258 Prices as of: 6/26/2014 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 hit Lowest Levels this Month; HARP Awareness Campaign; Rising Employment Not Helping Housing Much; Mortgage Apps Fall

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30 Year Fixed 4.13%   -0.04 15 Year Fixed 3.29%   -0.03 10YR Treasury 2.56%   -0.0181 FNMA 30YR 3.5 102.56   +0.14 FNMA 15YR 2.5 103.66   +0.02 View Today's Rates

Wednesday June 25, 2014 Mortgage Rate Watch - 3:48PM Mortgage Rates hit Lowest Levels this Month Mortgage rates fell nicely today following the much weaker-than-expected reading on Q1 GDP. The improvement takes average rates to their lowest levels this month, just edging out June ... MND NewsWire - 12:27PM FHFA Enlists Local Leaders in HARP Recruitment Drive The Federal Housing Finance Agency (FHFA) is making another attempt to reach homeowners who might benefit from its Home Affordable Refinance Program (HARP). FHFA feels that there are ... MND NewsWire - 12:14PM Rising Employment, Declining Delinquencies Fail to Buoy Housing Freddie Mac said today that the U.S. housing market is sending mixed signals . Most markets, according to the company's Multi-Indicator Market Index (MiMi) remain weak even though mortgage ... MND NewsWire - 9:14AM Lackluster Week for Mortgage Applications Mortgage Applications slowed for the second straight time last week but the loss was modest compared to the 9.2 percent plunge during the week that preceded it. The Mortgage Bankers ... MBS MID-DAY: Strongest Gains Came Early, Now Fighting to Hold Them MBS Day Ahead: Q1 GDP: Market Mover or Excuse? OIG to FHFA: Be More Litigious Over Force-Placed Insurance Pay Attention to Diversity in Counterparties; State-Level Changes of nNote; Recent HECM News Latest Video GDP data doesn't pass 'smell test': Expert Why GDP will bounce back in Q2 What weak GDP says about economy More News from 'Around the Web' Market Watch - 4:43PM New York Attorney General to unveil lawsuit against Barclays CNBC - 4:42PM How to rent your home for the summer (legally) National Housing Conference - 4:41PM JPMorgan Chase pledges additional $100 million for Detroit recovery efforts WSJ - 3:15PM First-Quarter Output Drop Doesn't Measure Up with First-Quarter Hiring Reuters - 1:34PM Boehner says to file lawsuit over Obama executive actions Fannie Mae - 12:19PM Fannie Selling Guide Announcement www.philadelphiafed.org - 12:17PM Recording and Slides from Last Week's TILA/RESPA Webinar Bloomberg - 12:05PM Fannie-Freddie Regulator Starts New Push for HARP Refinancing - Bloomberg CNBC - 11:06AM OCC warns of increasingly risky lending Market Watch - 10:21AM Realtors, builders, bankers placing big election bets freddiemac.mwnewsroom.com - 10:07AM Housing Markets Show Little Improvement Bloomberg - 9:05AM U.S. GDP Technical Note The Big Picture - 9:03AM Rising Interest Rate Risk at US Banks Reuters - 9:03AM U.S. durable goods unexpectedly fall in May Reuters - 9:03AM U.S. economy contracts 2.9 percent in first quarter Bloomberg - 8:18AM Citigroup Team's Mortgage Bets Undeterred by Volcker Rule - Bloomberg CNBC - 8:17AM Fed's Dudley: Mid-2015 rate hike 'reasonable' CNBC - 8:15AM Mortgage numbers suggest slower summer sales CNBC - 8:15AM US bonds hold steady ahead of GDP, durable goods Today's Comments MBS Live Chat - 8:41AM "IMO rates would need to dip below 3.875 to get refi's back on the table but that would mean economy is even worse so jobs won't be there and purchases drop. Rates increase refi's are gone and hopefully purchases pick up as people gain jobs and feel more comfortable they will keep their job. A precarious..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.13% -0.04 15 Yr FRM 3.29% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.97% -0.03 5/1 Yr ARM 3.22% +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 4.17% 0.60 -0.03 15 Yr. Fixed 3.30% 0.50 -0.01 1 Yr. ARM 2.41% 0.40 +0.01 5/1 Yr. ARM 3.00% 0.40 -0.05 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 98.42 +0.16 30YR FNMA 3.5 102.56 +0.14 30YR GNMA 3.0 100.27 +0.03 30YR GNMA 3.5 103.56 +0.11 15YR FNMA 3.0 103.66 +0.02 15YR FNMA 2.5 101.28 +0.02 Treasuries Yield Change 2 YR 0.4843% +0.0239 5 YR 1.6540% -0.0182 10 YR 2.5610% -0.0181 30 YR 3.3832% -0.0143 Prices as of: 6/25/2014 4:27PM 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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