Daily Newsletter: Existing Home Sales Hit 2014 Peak; Rates End 3-Day Losing Streak; HARP and Distressed Sales Fall

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30 Year Fixed 4.17%   -0.01 15 Year Fixed 3.30%   -0.01 10YR Treasury 2.41%   -0.0195 FNMA 30YR 3.5 102.55   +0.19 FNMA 15YR 2.5 103.44   +0.13 View Today's Rates

Thursday August 21, 2014 MND NewsWire - 11:46AM Existing Home Sales Hit 2014 Peak in July Existing home sales in July hit their best pace so far this year the National Association of Realtors® (NAR) said today, reflecting a 2.4 percent increase from June to a seasonally ... Mortgage Rate Watch - 3:46PM Mortgage Rates Slightly Lower Despite Stronger Economic Data Mortgage rates ended a 3-day losing streak , moving modestly lower today. This wasn't the case in the morning, but several lenders released positively-revised rate sheets in the afternoon ... MND NewsWire - 11:44AM HARP Refinance Share Dropped in Second Quarter Total refinances through completed through Freddie Mac and Fannie Mae (the GSEs) in the second quarter topped 344,000. The Federal Housing Finance Agency (FHFA) said that Fannie Mae ... MND NewsWire - 11:31AM Distressed Sales Down 2/3 from Peak It seems hard to imagine, but CoreLogic said on Wednesday that once-upon-a time, before the housing crisis, the sale of distressed homes made up only a miniscule 2 percent of the home ... Barclays-Thornburg Settlement; Every CEO Should be Watching BofA & Mozilo Events MBS MID-DAY: Bond Markets Off Best Levels, but No Frantic Reversal After Stronger Data Latest Video Fed will end QE in October: Saperstein Low rates bad for housing? Tracking strength in housing More News from 'Around the Web' CNBC - 4:13PM Wealth gap widened over past decade CNBC - 4:11PM Shiller's 3 rules for bubbly markets CNBC - 2:36PM Where you give up the most to afford a house Bloomberg - 2:36PM Wealth Gap in U.S. Widened in Last Decade as Middle Lost Ground - Bloomberg CNBC - 12:44PM Fed's Williams: 2015 rate hike 'reasonable' WSJ - 11:50AM Homes Built for Rent Claim Smaller Share CNBC - 11:50AM Housing inventory: Bright spot in Minneapolis WSJ - 11:48AM Despite Retreat, Fed to Keep Bond Buys in Policy Toolkit WSJ - 10:50AM Why Are Jobless Claims Falling So Fast? freddiemac.mwnewsroom.com - 10:49AM 30-Year Fixed-Rate Mortgage Hits Year's Low Reuters - 10:49AM U.S. existing home sales rise at fastest pace in 10 months CNBC - 8:47AM US investors look to Jackson Hole, Yellen's speech Reuters - 8:47AM U.S. jobless claims fall, continued claims at seven-year low WSJ - 8:46AM With Rentals in Fashion, Apartment Construction Hits 25-Year High CNBC - 8:45AM Why BofA deal might not cost it $17B Today's Comments Mortgage Rate Watch - 6:37PM "With FHA MIP premiums now permanent at 130-135 bps, quoting FHA 30 Yr rates at 3.75% should be considered a fraudulent misrepresentation. The real rate is 5.05-5.10%...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.17% -0.01 15 Yr FRM 3.30% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.04% -0.02 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 3.56% 1.13 -0.10 30 Yr. Fixed 4.37% 1.39 -0.16 MBA ** 30 Yr. Fixed 4.35% 0.22 +0.00 15 Yr. Fixed 3.48% 0.30 -0.03 30 Yr. Jumbo 4.24% 0.19 -0.02 30 Yr. FHA 4.04% 0.03 -0.02 5/1 ARM 3.24% 0.45 -0.08 Freddie Mac ** 30 Yr. Fixed 4.10% 0.50 -0.02 15 Yr. Fixed 3.23% 0.60 -0.01 1 Yr. ARM 2.38% 0.50 +0.02 5/1 Yr. ARM 2.95% 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 98.84 +0.16 30YR FNMA 3.5 102.55 +0.19 30YR GNMA 3.0 100.86 +0.08 30YR GNMA 3.5 103.69 +0.09 15YR FNMA 3.0 103.44 +0.13 15YR FNMA 2.5 101.06 +0.13 Treasuries Yield Change 2 YR 0.4716% -0.0041 5 YR 1.6315% -0.0017 10 YR 2.4086% -0.0195 30 YR 3.1900% -0.0289 Prices as of: 8/21/2014 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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