Daily Newsletter: Longest Recorded Refi Boom Ends; New Demographic Emerges; Foreclosure Concentration Concern; What GDP Means for Rates

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30 Year Fixed 4.25%   +0.01 15 Year Fixed 3.37%   +0.01 10YR Treasury 2.56%   +0.0037 FNMA 30YR 3.5 101.83   -0.08 FNMA 15YR 2.5 103.05   -0.02 View Today's Rates

Thursday July 31, 2014 MND NewsWire - 3:38PM Longest Recorded Refi Boom Ends; New Demographic Emerges Freddie Mac has officially declared that the refinancing boom is over. The company's Refinance Report for the second quarter of 2014 said that the longest refinance boom in the 24 years ... MND NewsWire - 1:04PM Concentration of Foreclosure Inventory is a Concern - CoreLogic While completed foreclosures increased slightly from May to June, the foreclosure inventory, a count of homes in the process of foreclosure, continued to slide. CoreLogic's National ... MBS Commentary - 7:39AM MBS Day Ahead: What Yesterday's GDP Shocker Means for Rates With GDP living up to it's surprising potential, things have quickly gotten more serious for domestic bond markets. Before yesterday, econo-bears could hold out some hope that Q2 GDP ... Mortgage Rate Watch - 4:09PM Mortgage Rates Barely Higher, More Volatility Ahead Mortgage rates started the day in fairly rough shape with most lenders offering noticeably higher rates vs yesterday. As stock markets slid into the afternoon, the bond markets that ... MBS MID-DAY: Bond Markets Bounce Back After Anxiety-Ridden Start JD Powers Report on Servicing; Non-Vanilla Securitization Market Heating Up Latest Video Here's what's riding on jobs numbers Rate debate Bonds move higher More News from 'Around the Web' CNBC - 4:36PM Work from home? Watch out for hackers www.justice.gov - 4:35PM Louisiana State Bond Commission Agrees to Settlement to Resolve Housing Discrimination Lawsuit Fannie Mae - 4:32PM News Release - Fannie Mae Releases June 2014 Monthly ... Bloomberg - 3:42PM Banks Face Hit on $30 Billion in Overdraft Fees From CFPB Rules - Bloomberg CNBC - 3:42PM Wells Fargo's Adams: Brace for 10% drop www.freddiemac.mwnewsroom.com - 3:41PM Freddie Mac Releases 2014 Mid-Year Apartment Outlook CNBC - 2:43PM Why real bubble may be Fed confidence Bloomberg - 2:05PM Mortgage-Bond Price Tumble Signals New Risks in Markets - Bloomberg DataQuick - 12:38PM 2Q2014 California Million Dollar Home Sales Press Release Reuters - 12:00PM TREASURIES-Prices stable, erase earlier losses, on month-end demand CNBC - 11:53AM Worst California drought spreads Reuters - 11:52AM Big U.S. banks' funding advantage reduced, could rise in crisis: official freddiemac.mwnewsroom.com - 11:51AM Mortgage Rates Remain Largely Unchanged CNBC - 10:01AM Surge in labor costs signal wage growth Market Watch - 10:01AM Bond Report: 10-year Treasury yield jumps to 3-week high Market Watch - 8:56AM CME profit falls as trading volume declines CNBC - 8:55AM US job cuts soar in July, thanks to Microsoft, HP Reuters - 8:54AM U.S. jobless claims up, but four-week average hits eight-year low Bloomberg - 8:53AM Treasuries Head for July Loss as Yield Surges Versus Germany - Bloomberg Today's Comments MBS Live Chat - 12:15PM "MG: The new layout / options on this site are a huge upgrade on an already great service. It's the topic of my sales meeting next Monday. Great stuff...." MBS Live Chat - 2:43PM "TrimTabs Investment Research shows a much rosier picture for July. This report showed that the United States added a whopping 306,000 jobs in July...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.25% +0.01 15 Yr FRM 3.37% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.09% +0.01 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 3.56% 1.13 -0.10 30 Yr. Fixed 4.37% 1.39 -0.16 MBA ** 30 Yr. Fixed 4.32% 0.16 +0.04 15 Yr. Fixed 3.40% 0.22 -0.02 30 Yr. Jumbo 4.24% 0.16 -0.02 30 Yr. FHA 4.02% -0.03 +0.03 5/1 ARM 3.40% 0.22 -0.02 Freddie Mac ** 30 Yr. Fixed 4.12% 0.60 -0.01 15 Yr. Fixed 3.23% 0.70 -0.03 1 Yr. ARM 2.38% 0.40 -0.01 5/1 Yr. ARM 3.01% 0.50 +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 97.91 -0.13 30YR FNMA 3.5 101.83 -0.08 30YR GNMA 3.0 100.00 -0.05 30YR GNMA 3.5 102.92 +0.02 15YR FNMA 3.0 103.05 -0.02 15YR FNMA 2.5 100.59 -0.06 Treasuries Yield Change 2 YR 0.5354% -0.0236 5 YR 1.7595% -0.0114 10 YR 2.5633% +0.0037 30 YR 3.3217% +0.0107 Prices as of: 7/31/2014 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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Daily Newsletter: GDP at 4.0%; Bond Markets Tank; Mortgage Rates at 1-Month Highs; Realtors get Head-Up on Short Sales; Home Ownership at 19yr Low

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30 Year Fixed 4.24%   +0.06 15 Year Fixed 3.36%   +0.04 10YR Treasury 2.56%   +0.0995 FNMA 30YR 3.5 101.91   -0.61 FNMA 15YR 2.5 103.06   -0.34 View Today's Rates

Wednesday July 30, 2014 Mortgage Rate Watch - 5:02PM Mortgage Rates Highest in More Than a Month After GDP For weeks, we've discussed the prospects for increased volatility centered on today's economic calendar. The chances of a bigger move were much higher going into today's GDP data, and ... MND NewsWire - 3:41PM California Realtors get Heads-Up on Short Sale Complications A short sale program for properties serviced by Nationstar, which bills itself as one of the nation's largest independent loan servicers, is the subject of a new member advisory from ... MBS Commentary - 12:46PM MBS MID-DAY: Bond Markets Pummeled by GDP; Bracing for Aftershock from FOMC Bond markets began the day on relatively level ground vs yesterday. It was, and has been up to GDP to cast the first major vote on whether or not bond markets move on to new highs for ... MND NewsWire - 3:37PM Homeownership at 19 Year Low The rate of homeownership in the U.S. continued to slide in the second quarter of 2014, reaching a 19 year low . The Commerce Department said that the seasonally adjusted homeownership ... Slow, Mixed Week for Mortgage Applications The Importance of FinCEN & SARS; Fannie/Freddie Updates; Upcoming Events MBS Day Ahead: Big Potential for Bond Markets, for Better or Worse Differences Between Past and Current FOMC Statements Latest Video 10-Year bond yields around the world Why bond market is at risk Santelli Exchange: GDP & FOMC More News from 'Around the Web' Bloomberg - 5:57PM BofA on Brink of Burying Countrywide Woes as Accord Near - Bloomberg CNBC - 4:01PM Markets could begin to ignore Fed CNBC - 4:00PM Consumers complain most about these 10 things WSJ - 3:59PM Second-Quarter GDP Impresses, But Watch Out for Revisions Bloomberg - 1:46PM Bank of America's Countrywide Ordered to Pay $1.3 Billion - Bloomberg WSJ - 12:26PM Hilsenrath: Modest Growth Beneath the Surface Keeps Fed on Track CNBC - 11:01AM Strong second quarter sparks rate hike talk CNBC - 11:00AM Not feeling like a 4% economy: Aetna CEO Market Watch - 10:58AM MarketWatch First Take: How much did subprime loans fuel the GDP boom? Bloomberg - 10:54AM Banks' Slowdown on Mortgage Aid Hurts Borrowers, Audit Says - Bloomberg CNBC - 8:57AM Private sector payrolls come in weak in July rss.nytimes.com - 8:57AM U.S. Economy Grew 4% in Second Quarter Today's Comments MBS Live Chat - 12:28PM "Been out all AM....boy, I'm glad I locked up everything Monday. Tuesday was a fakeout making me second guess myself......." MBS Live Chat - 12:25PM "Love this site. All locked up and very relieved..." MBS Live Chat - 4:43PM "In general, you'll find ample discussion on pros/cons with respect to relevant considerations affecting rates in the near future, but ultimately a vocal recommendation to arrive at your own lock/float conclusions with clients. In general (again), I think lock/float recommendations beyond the scope of..." MND NewsWire - 11:52AM "Home owners and real estate investors should take heart in these statistics. If if is reasonable to draw price comparisons with past data, the goal should not be to in some way recover "bubble"-driven prices. It is clear the 2006-2007 bubble was driven by something akin to 17th century Tulip Mania, an..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% +0.06 15 Yr FRM 3.36% +0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.08% +0.06 5/1 Yr ARM 3.25% +0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.56% 1.13 -0.10 30 Yr. Fixed 4.37% 1.39 -0.16 MBA ** 30 Yr. Fixed 4.32% 0.16 +0.04 15 Yr. Fixed 3.40% 0.22 -0.02 30 Yr. Jumbo 4.24% 0.16 -0.02 30 Yr. FHA 4.02% -0.03 +0.03 5/1 ARM 3.40% 0.22 -0.02 Freddie Mac ** 30 Yr. Fixed 4.13% 0.60 +0.00 15 Yr. Fixed 3.26% 0.60 +0.03 1 Yr. ARM 2.39% 0.40 +0.00 5/1 Yr. ARM 2.99% 0.50 +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 98.03 -0.69 30YR FNMA 3.5 101.91 -0.61 30YR GNMA 3.0 100.05 -0.63 30YR GNMA 3.5 102.91 -0.58 15YR FNMA 3.0 103.06 -0.34 15YR FNMA 2.5 100.66 -0.42 Treasuries Yield Change 2 YR 0.5590% +0.0118 5 YR 1.7709% +0.0828 10 YR 2.5596% +0.0995 30 YR 3.3110% +0.0846 Prices as of: 7/30/2014 4:32PM 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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