Daily Newsletter: FHA Commissioner Galante Resigns; Mortgage Rates Hold Ground at Recent Lows; Correction Ahead?

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30 Year Fixed 4.17%   +0.01 15 Year Fixed 3.30%   +0.01 10YR Treasury 2.42%   +0.0000 FNMA 30YR 3.5 102.28   -0.23 FNMA 15YR 2.5 103.48   -0.02 View Today's Rates

Monday August 11, 2014 Mortgage Rate Watch - 3:51PM Mortgage Rates Hold Ground at Recent Lows While mortgage rates didn't enjoy as strong of a move lower as US Treasuries last week, they were nonetheless right in line with their best levels since late June . Any time bond markets ... MND NewsWire - 1:53PM FHA Commissioner Galante Resigns While HUD has yet to post an official announcement, multiple sources indicate Carol Galante has resigned as FHA Commissioner. David H. Stevens, her predecessor as Commissioner and current ... Pipeline Press - 10:40AM Catching Up with the MBA and CFPB on Privacy, RESPA-TILA, Reg. C, and Servicing Rules Most professional baseball teams still have 30+ games left in their season (out of 162), and there is plenty of jockeying in the media regarding the playoffs. Baseball is filled with ... MBS Commentary - 7:33AM MBS Week Ahead: Time for Short Term Correction or Longer Term Bounce? Even during the strongest moves lower for rates, we'll still see periodic weakness within the trend. In other words, if rates are falling and generally staying inside a trend channel ... The Second Housing Bubble You Didn't Even Know You Were Afraid of Improving Financial Outlooks Could Help Housing - Fannie Survey Latest Video Rates gravitate higher in 2015: Economist Fed's Fischer: Global recovery disappointing Bonds at bubble levels: Pro More News from 'Around the Web' rss.nytimes.com - 4:19PM Fed Vice Chairman Warns of Slow Growth Bloomberg - 4:18PM Realogy Forms Division to Manage Single-Family Rentals - Bloomberg WSJ - 4:18PM Higher Housing Costs Aren't Likely to Fade Soon, Cleveland Fed Study Says Bloomberg - 4:17PM Wells Fargo Said to Offer $1.3 Billion in Banks' Bad Debt - Bloomberg Market Watch - 2:33PM CFPB to bitcoin investors: You're in the 'Wild West' Market Watch - 2:32PM The job-growth lie blog.redfin.com - 2:29PM The Four C's of Borrowing Calculated Risk Blog - 2:26PM "Let's Improve, Not Ignore, Seasonal Adjustment of Housing Data" www.aei-ideas.org - 12:39PM The case against the Fed formally adopting the Taylor Rule CNBC - 11:35AM Putin: Russia coordinating Ukraine aid Washington Post - 11:01AM D.C. region's housing market struggling to gain momentum Calculated Risk Blog - 11:00AM Residential Property Values increased 8.0% year-over-year in June CNBC - 9:51AM Strategist: US in 'finite recovery' Market Watch - 9:51AM Europe Markets: Europe stocks rise as Ukraine tensions ease Washington Post - 9:09AM How student debt crushes your chances of buying a home CNBC - 9:06AM Pitfalls of newest credit score change Calculated Risk Blog - 9:05AM Fed's Fischer: "The Great Recession--Moving Ahead" CNBC - 12:23AM What we'll learn about the consumer this week WSJ - 12:11AM Construction Comeback Lags rss.nytimes.com - 12:10AM DealBook: Yields on 10-Year Treasuries Fall, Confounding the Experts Today's Comments MND NewsWire - 10:11AM "Perhaps the truth is Millenials are more financially educated than we give them credit for. I cringe when I hear any mortgage professional use the word 'home' and 'investment' in the same sentence. I just don't think we can honestly say anymore that housing is an 'investment'. I've used this definition..." 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 4.01% +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 4.35% 0.22 +0.02 15 Yr. Fixed 3.51% 0.28 +0.04 30 Yr. Jumbo 4.26% 0.35 +0.04 30 Yr. FHA 4.06% 0.02 +0.03 5/1 ARM 3.32% 0.35 +0.01 Freddie Mac ** 30 Yr. Fixed 4.14% 0.70 +0.02 15 Yr. Fixed 3.27% 0.60 +0.04 1 Yr. ARM 2.35% 0.50 -0.03 5/1 Yr. ARM 2.98% 0.50 -0.03 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 98.58 -0.20 30YR FNMA 3.5 102.28 -0.23 30YR GNMA 3.0 100.83 +0.05 30YR GNMA 3.5 103.72 +0.05 15YR FNMA 3.0 103.48 -0.02 15YR FNMA 2.5 101.11 +0.05 Treasuries Yield Change 2 YR 0.4441% -0.0040 5 YR 1.6118% -0.0066 10 YR 2.4221% +0.0000 30 YR 3.2343% +0.0024 Prices as of: 8/11/2014 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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