Daily Newsletter: Mortgage Rates Edge Down to July Lows; Profound Commentary on Homebuying Demand; Recovery Slowly Getting Back on Track

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30 Year Fixed 4.14%   -0.01 15 Year Fixed 3.27%   -0.01 10YR Treasury 2.52%   -0.0199 FNMA 30YR 3.5 102.44   -0.17 FNMA 15YR 2.5 103.75   +0.11 View Today's Rates

Friday July 11, 2014 Mortgage Rate Watch - 3:35PM Mortgage Rates Edge Down to July Lows Mortgage rates moved just barely lower today, bringing them in lines with the lowest levels of the month. In this case, when we talk about "the lowest levels of the month," it means ... MND NewsWire - 1:16PM Profound Commentary on Homebuying Demand From MBA President's Daughter MND's fourth part of its summary of the Harvard Joint Center on Housing Studies' State of the Nation's Housing published yesterday looked at the impact the Millennial Generation, those ... MND NewsWire - 12:41PM Housing Scorecard sees Recovery Slowly Getting Back on Track Growing equity and a rebound in sales of new and existing homes were the highlight of the June edition of the Obama Administration's Housing Scorecard. New home purchases surged by ... MND NewsWire - 12:16PM Comments Invited on new PMI Provider Requirements The Federal Housing Finance Agency (FHFA) has released new draft requirements for private insurance companies that insure mortgages purchased by the two government sponsored enterprises ... Bank Mergers Continue; Lots on The MI Industry Updates MBS MID-DAY: Bond Markets Holding Decent Gains Without Help From Europe This Time Size and Face of Homeownership, Changed and Changing Latest Video WFC Q2 profits helped by housing The Week Ahead: Yellen on the Hill Santelli: Big data point Treasury yields themselves More News from 'Around the Web' CFPB - 4:55PM Consumer Financial Protection Bureau Issues Guidance Regarding Brokers Shifting To "Mini-Correspondent" Model CNBC - 4:41PM US set to record lowest deficit in years WSJ - 4:41PM Are More Young Adults Falling Through the Cracks? WSJ - 3:27PM Fed's Lockhart: Still Sees First Fed Rate Boost Some Time in 2015 Bloomberg - 3:27PM MGIC May Raise Capital to Cover Shortfall Under U.S. Proposal - Bloomberg Reuters - 2:18PM Fed closer to tightening policy than many think: Plosser Market Watch - 2:17PM Economic Report: U.S. posts $70.5 billion June budget surplus CNBC - 12:09PM Costs of Obama's housing mistakes Market Watch - 11:41AM Fed's Plosser says policy should respond to better outlook CNBC - 10:51AM As Wells Fargo goes, so goes the nation? Market Watch - 10:43AM Bond Report: Benchmark Treasurys set for best week since March Bloomberg - 10:00AM Daughter Doesn't Buy Dad's Cheering of U.S. Homeownership - Bloomberg WSJ - 8:51AM Bond Dealers See Fed Rate Hikes Stopping in 2017 at 3.5% CNBC - 8:51AM US Treasurys tick higher, traders eye on Portugal Reuters - 8:45AM Cost cuts help Wells Fargo boost quarterly profit Today's Comments MND NewsWire - 3:42PM "I think it is going to take parent's encouraging home buying when it makes sense for their child to do so, in any way they can. Obviously gifting the down payment or a portion of the down payment can be most helpful. I know many Millennials would like to own homes but in San Francisco, for instance,..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.14% -0.01 15 Yr FRM 3.27% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.98% -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 3.56% 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 4.15% 0.70 +0.03 15 Yr. Fixed 3.24% 0.60 +0.02 1 Yr. ARM 2.40% 0.40 +0.02 5/1 Yr. ARM 2.99% 0.40 +0.01 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 98.50 -0.05 30YR FNMA 3.5 102.44 -0.17 30YR GNMA 3.0 100.59 +0.19 30YR GNMA 3.5 103.69 +0.17 15YR FNMA 3.0 103.75 +0.11 15YR FNMA 2.5 101.50 +0.11 Treasuries Yield Change 2 YR 0.4519% -0.0082 5 YR 1.6381% -0.0148 10 YR 2.5160% -0.0199 30 YR 3.3366% -0.0332 Prices as of: 7/11/2014 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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