Daily Newsletter: Mortgage Rates at a Standstill Just Above 2014 Lows; Markets React to Yellen at Jackson Hole (or do they?); CFPB eClosing Pilot Program

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30 Year Fixed 4.15%   -0.02 15 Year Fixed 3.28%   -0.02 10YR Treasury 2.40%   -0.0071 FNMA 30YR 3.5 102.59   +0.05 FNMA 15YR 2.5 103.39   -0.05 View Today's Rates

Friday August 22, 2014 Mortgage Rate Watch - 3:22PM Mortgage Rates at a Standstill Just Above 2014 Lows Mortgage rates moved lower for a second straight day following a much-anticipated speech from Federal Reserve Chair Yellen in Jackson Hole. While she didn't break any new ground in ... MBS Commentary - 12:36PM MBS MID-DAY: Here's How Pathetic the Apparent J-Hole Knee-Jerk Really Was J-Hole Knee-Jerk: A brief, but volatile market reaction to Fed Chair Yellen's speech at the Jackson Hole symposium. That's been the day's primary story, at least on the surface . Bigger ... Pipeline Press - 11:33AM CFPB's eClosing Pilot Program Details; Homeownership Counseling; PACE Update The race to the bottom, in terms of guidelines or razor-thin pricing margins , prompted on industry vet to send me, "There's a lot of space in the mortgage cemetery." Names like Thornburg ... MBS Commentary - 7:31AM MBS Day Ahead: What's up With This 'Jackson Hole' Business? Yellen delivers the keynote speech at Jackson Hole today. What does that even mean? I remember being somewhat perplexed by the unclear significance of Jackson Hole , and am only slightly ... Existing Home Sales Hit 2014 Peak in July HARP Refinance Share Dropped in Second Quarter Latest Video The rate debate Fed's Lockhart: Unemployment rate doesn't tell whole story Janet Yellen: Economy closer to Fed objective More News from 'Around the Web' CNBC - 3:47PM Draghi: US, EU monetary policy on diverging paths WSJ - 3:46PM ECB Economists Find Benefits in 'Fiscal Devaluation' CNBC - 3:45PM Goldman nears $1.1B payment to FHFA www.aei-ideas.org - 3:45PM Study: US workers are staying put more than ever. And government is making the problem worse CNBC - 2:12PM Wall Street's biggest debate heats up CNBC - 1:24PM High-end house flipping is soaring WSJ - 1:24PM In Florida, Return of the Condo-Hotel? CNBC - 1:24PM Lockhart looking for more months of data CNBC - 11:43AM Alarming build-up of Russian force: NATO rss.nytimes.com - 10:53AM Yellen Emphasizes Caution as Fed Considers Raising Rates WSJ - 10:53AM Autor Paper at Jackson Hole: Automation Is Polarizing the Labor Market Washington Post - 9:18AM BofA's record settlement may leave homeowners disappointed Market Watch - 9:18AM Fed's Bullard: Labor market slack is not significant Reuters - 9:18AM Futures edge lower on Ukraine tension; Yellen on tap WSJ - 9:18AM In Rainy Jackson Hole, Yellen Ponders Labor Market Mojo Market Watch - 12:40AM Fed's Plosser warns of dire outcomes from current policy stance Today's Comments MND NewsWire - 8:45AM "Can you please provide me a link or some other info from the VA on this interim final rule? I've called VA and it is not on the VA Lenders Portal. Some investors have issues changes to the VA loan program based on reporting but I can't seem to find the no kidding interim final rule from the VA...." MND NewsWire - 5:19PM "http://www.gpo.gov/fdsys/pkg/FR-2014-05-09/pdf/2014-10600.pdf..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.15% -0.02 15 Yr FRM 3.28% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.02% -0.02 5/1 Yr ARM 3.21% -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 98.92 +0.08 30YR FNMA 3.5 102.59 +0.05 30YR GNMA 3.0 100.88 +0.02 30YR GNMA 3.5 103.66 -0.03 15YR FNMA 3.0 103.39 -0.05 15YR FNMA 2.5 100.98 -0.08 Treasuries Yield Change 2 YR 0.4919% +0.0203 5 YR 1.6597% +0.0282 10 YR 2.4015% -0.0071 30 YR 3.1566% -0.0334 Prices as of: 8/22/2014 4:30PM 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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