Daily Newsletter: Mortgage Rates Recover After Jobs Data; Construction Spending Down, but Improves Year-Over-Year; Housing Implications of Adult Children Living With Parents

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30 Year Fixed 4.21%   -0.04 15 Year Fixed 3.32%   -0.05 10YR Treasury 2.50%   -0.0653 FNMA 30YR 3.5 102.27   +0.44 FNMA 15YR 2.5 103.36   +0.31 View Today's Rates

Friday August 1, 2014 Mortgage Rate Watch - 3:20PM Mortgage Rates Recover After Jobs Data Mortgage rates were able to recover some of the ground lost this week after the important Employment Situation Report showed slightly less job creation than expected. Had the report ... MND NewsWire - 12:31PM Construction Spending Down in June, but up Year-Over-Year Construction spending in June fell slightly below that in May the Census Bureau said today. Overall construction put in place during the month was at a seasonally adjusted annual rate ... MND NewsWire - 2:48PM Housing Market Implications of Adult Children Living With Parents Since the start of the housing crisis the experts have noted the tendency young adults to continue to live in their childhood homes . This they say is contributing to the diminished ... Pipeline Press - 11:28AM Potential FHLB Merger; What Higher Rates Mean for Banks; State Updates; Fee to Use Libor People need to use their heads once in a while. Circulating in the e-mail world is a claim: "This is the only time in your life you will see this phenomenon: August, this year, will ... Longest Recorded Refi Boom Ends; New Demographic Emerges Concentration of Foreclosure Inventory is a Concern - CoreLogic Latest Video 209,000 jobs added in July Softness in employment numbers: Liesman Santelli: Used to be about 'jobs, jobs & jobs' More News from 'Around the Web' WSJ - 3:58PM 5 Takeaways from the July Jobs Report CNN - 2:25PM Lowest August gas prices in four years CNBC - 2:10PM Stock selloff ahead but not panic: Pros CNBC - 2:10PM Rate hike unlikely after jobs data: Pro Reuters - 2:08PM Exclusive: JPMorgan's proposed $4.5 billion deal to be accepted for most trusts- source Bloomberg - 12:35PM Argentina Bond Judge Says Country's Obligations Remain - Bloomberg Reuters - 12:35PM Jobs data bolsters Yellen's argument on labor market slack WSJ - 12:35PM Jobs Report Shows High-Wage Sectors Finally Digging Out CNBC - 11:29AM The votes are in: Home robot or home security? Reuters - 11:29AM Corporate reports signal stronger US commercial building recovery CNBC - 10:35AM ISM manufacturing index hits 57.1 in July; Construction spending falls 1.8% in June CNBC - 9:57AM Markit: US final July manufacturing PMI at 55.8 vs 57.3 in prior month Market Watch - 9:54AM The Fed: Disagreement surfaces among Fed hawks on when to tighten CNBC - 9:05AM Chart: What's the real unemployment rate? CNBC - 9:04AM Job creation misses expectations, rate up to 6.2% Bloomberg - 9:04AM Consumer Spending in U.S. Rose in June by Most in Three Months - Bloomberg WSJ - 8:30AM It's Jobs Day. Here's What Yellen, the White House and Others Will Look For WSJ - 8:29AM Plosser Says Fed 'Well Behind' on Rate Setting Market Watch - 8:29AM Fed's Fisher: Central bank closer to lift-off after policy meeting Bloomberg - 8:29AM ICE Said to Seek Mortgage Role Through Talks With Data Service - Bloomberg Today's Comments MBS Live Chat - 12:24PM "The connection between the currency moves and headlines is clear, and it's also clear that Treasuries were marching to the beat of their own drum way before Argentina-related moves..." MBS Live Chat - 12:24PM "but again... you will certainly hear mainstream financial media giving this a lot of dark-horse credit today...." MBS Live Chat - 12:31PM "Hard to believe we are 3 tics better than where we opened on Monday on the 3.5...." MBS Live Chat - 12:41PM "right where we were last Friday...." MBS Live Chat - 2:17PM "cnbc mentioned euro troubles as it relates to russian sanctions..." MBS Live Chat - 2:17PM "dax down 2%+..." MBS Live Chat - 2:17PM "EU definitely in play for bond markets today..." MBS Live Chat - 2:20PM "EU probably in play for TSY's the rest of the year MG in my opinion. EU not getting any better soon..." MBS Live Chat - 2:20PM "http://mndne.ws/WRHdtI..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.21% -0.04 15 Yr FRM 3.32% -0.05 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.04% -0.05 5/1 Yr ARM 3.25% +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 4.12% 0.60 -0.01 15 Yr. Fixed 3.23% 0.70 -0.03 1 Yr. ARM 2.38% 0.40 -0.01 5/1 Yr. ARM 3.01% 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 98.38 +0.47 30YR FNMA 3.5 102.27 +0.44 30YR GNMA 3.0 100.41 +0.41 30YR GNMA 3.5 103.36 +0.44 15YR FNMA 3.0 103.36 +0.31 15YR FNMA 2.5 100.88 +0.28 Treasuries Yield Change 2 YR 0.4763% -0.0591 5 YR 1.6676% -0.0919 10 YR 2.4980% -0.0653 30 YR 3.2839% -0.0378 Prices as of: 8/1/2014 4:29PM 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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