Daily Newsletter: Mortgage Rates Start Strong, Fade in Afternoon; Some Hope for Housing Outlook; Second Housing Bubble?

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30 Year Fixed 4.16%   -0.06 15 Year Fixed 3.29%   -0.04 10YR Treasury 2.42%   +0.0395 FNMA 30YR 3.5 102.52   -0.11 FNMA 15YR 2.5 103.50   -0.08 View Today's Rates

Friday August 8, 2014 Mortgage Rate Watch - 3:28PM Mortgage Rates Start Strong, Fade in Afternoon During the most normal of times in the mortgage world, rates will take cues mainly from economic data. The stronger the economy, the more rates move up and vice versa. The current dynamic ... MND NewsWire - 3:08PM Improving Financial Outlooks Could Help Housing - Fannie Survey The gap between Americans who think it is a good time to buy a house and those who feel it is a good time to sell narrowed by six percentage points in July. This could indicate, Fannie ... MND NewsWire - 12:52PM The Second Housing Bubble You Didn't Even Know You Were Afraid of The fear of a bubble, according to TransUnion in a study it released on Thursday basically boils down to fear of the unknown. There may exist a risk that has not even been identified; ... MBS Commentary - 11:49AM MBS MID-DAY: Treasuries hit Best Levels in More Than a Year; MBS Not so Much There are plenty of big stories right now. In terms of broader markets, last night's announcement of US air strikes in Iraq was clearly the biggest. That was the catalyst for a move ... Ellie Snags AllRegs; What Investor & Builder Earnings Tell Us About the Industry MBS Day Ahead: Limited Economic Data to Motivate Trade, but Massive Reasons Elsewhere Latest Video US Treasurys down for the week Santelli Exchange: 2% On 10-Year? REITs on the rise More News from 'Around the Web' Market Watch - 4:19PM U.S. launches new round of airstrikes in Iraq CNBC - 4:18PM Strategist: 'Fragile five' help keep US yields low www.aei-ideas.org - 2:57PM Will a new eurozone debt crisis ruin the rest of Obama's term? Realtor.Org - 1:55PM What's the Future of Real Estate? CNBC - 12:55PM REITs a much better bet than stocks SIFMA - 12:54PM SIFMA Submits Recommendations to FHFA on Guarantee Fees CNBC - 10:36AM Easier loans? Credit score changes affect millions CNBC - 10:21AM June wholesale inventories up 0.3% CNBC - 9:14AM US begins airstrikes against Iraq militants Reuters - 9:14AM U.S. productivity rebounds in second quarter, wage inflation muted WSJ - 9:01AM Jumbo Loans to Pay for Your Slice of Paradise Bloomberg - 9:01AM Ginnie Mae Reviews Rules for Services as Nonbanks Expand - Bloomberg Reuters - 9:01AM Futures turn positive after sharp overnight loss Market Watch - 9:01AM Bond Report: Treasury yields drop, on track for 14-month low WSJ - 12:10AM Two Fed Officials Stake Out Different Positions on Market Levels www.whitehouse.gov - 12:09AM Statement by the President Reuters - 12:09AM Asian shares skid as Obama confirms air strikes on Iraq Reuters - 12:07AM Obama authorizes limited air strikes in Iraq if needed Bloomberg - 12:06AM Fed's Reinvestment Plans Leave Uncertainty at Treasury - Bloomberg Today's Comments MBS Live Chat - 1:42PM "Locked one this AM-->thank you AGAIN to MBS Live!..." MBS Live Chat - 2:53PM "Thanks MG, I snuck 3 locks in before that reprice...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% -0.06 15 Yr FRM 3.29% -0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% -0.05 5/1 Yr ARM 3.22% -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 +0.02 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 98.78 -0.11 30YR FNMA 3.5 102.52 -0.11 30YR GNMA 3.0 100.78 -0.08 30YR GNMA 3.5 103.67 -0.13 15YR FNMA 3.0 103.50 -0.08 15YR FNMA 2.5 101.06 -0.14 Treasuries Yield Change 2 YR 0.4481% +0.0156 5 YR 1.6184% +0.0213 10 YR 2.4221% +0.0395 30 YR 3.2319% +0.0080 Prices as of: 8/8/2014 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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