Daily Newsletter: Modest Housing Recovery Will Continue -Fannie; Mortgage Applications Finally Move Up; Rates Back to 'Unchanged' After Stronger Start

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30 Year Fixed 4.16%   +0.00 15 Year Fixed 3.29%   -0.01 10YR Treasury 2.47%   +0.0018 FNMA 30YR 3.5 102.45   -0.09 FNMA 15YR 2.5 103.38   -0.03 View Today's Rates

Wednesday July 23, 2014 MND NewsWire - 12:58PM Modest Housing Recovery Will Continue -Fannie The theme for the economy and the housing market's in 2014 has been set for months; the economy will continue to slowly strengthen; the modest recovery in housing will be sustained ... MND NewsWire - 9:07AM Finally an "Up" Week for Mortgage Applications Normal 0 false false false EN-US X-NONE X-NONE The Market Composite Index, a measure of loan application volume had its first positive week since June 6 last week, increasing 2.4 percent ... Mortgage Rate Watch - 5:07PM Mortgage Rates Back up to Unchanged After Stronger Start Mortgage rates were mixed today depending on the lender and the time of day you look. Most recently, the average lender is back to unchanged vs yesterday. Before that, most lenders ... Pipeline Press - 10:49AM CIT Group to buy OneWest; Thoughts on Non-QM products; Recent Changes in FHA, VA, & HECM Captain Obvious likes to say, "Home prices don't always go up." It's probably a cliché at this point, but it's better than the, "Buy as much home as you can afford" of the '00 ... Foreclosure Inventory Continues to Shrink but Distressed Loans up MBS Day Ahead: Data-Free Day Leaves Bonds to Ponder Long-Term Ranges Latest Video Millennials' path to financial security Yields near lows of the year Santelli: Dollar moving down More News from 'Around the Web' Bloomberg - 4:49PM 'Bring It On,' Frank Tells Dodd-Frank Critics at Hearing - Bloomberg www.cfpbmonitor.com - 3:59PM More on the debate over the impact of student loan debt and homeownership CNN - 3:59PM Chocolate, waffles and... U.S. bonds? Reuters - 3:57PM Ex-Jefferies trader sentenced to two years in prison in fraud case www.cfpbmonitor.com - 2:23PM CFPB issues second Financial Literacy Annual Report CNBC - 1:00PM US growth forecast now 1.7 percent CFPB - 12:59PM Consumer advisory: Don't fall for a foreclosure relief scam or bogus legal help House Financial Services - 11:56AM Hensarling on Dodd-Frank's 4th Anniversary freddiemac.mwnewsroom.com - 11:56AM Housing Markets Slog Forward Washington Post - 10:24AM Darth Vader is polling higher than all potential 2016 presidential candidates Market Watch - 10:22AM Bond Report: Treasurys rise for a third straight day Bloomberg - 9:34AM Bond Market Trading Drying Up Posing Stability Risk, RBS Says - Bloomberg www.lpsvcs.com - 9:33AM Black Knight Financial Services' "First Look" at June 2014 Mortgage Data Market Watch - 8:55AM This is Yellen's gravest mistake Today's Comments MBS Live Chat - 8:00AM "Very nice set up in the Day Ahead, MG. personally, i read into it a undercurrent of caution...." MBS Live Chat - 10:25AM "we just cant break 2.45..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.00 15 Yr FRM 3.29% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% +0.00 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 3.56% 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 -0.02 15 Yr. Fixed 3.23% 0.50 -0.01 1 Yr. ARM 2.39% 0.40 -0.01 5/1 Yr. ARM 2.97% 0.40 -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 98.61 -0.11 30YR FNMA 3.5 102.45 -0.09 30YR GNMA 3.0 100.52 -0.13 30YR GNMA 3.5 103.39 -0.14 15YR FNMA 3.0 103.38 -0.03 15YR FNMA 2.5 101.11 -0.05 Treasuries Yield Change 2 YR 0.4715% -0.0041 5 YR 1.6481% -0.0066 10 YR 2.4655% +0.0018 30 YR 3.2612% +0.0097 Prices as of: 7/23/2014 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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