Daily Newsletter: Recapping Recent Proposed Mortgage Rule Changes; Top Tier Rates Rise to 4.25%

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30 Year Fixed 4.24%   +0.03 15 Year Fixed 3.39%   +0.03 10YR Treasury 2.61%   +0.0582 FNMA 30YR 3.5 101.47   -0.28 FNMA 15YR 2.5 103.05   -0.11 View Today's Rates

Friday September 12, 2014 MND NewsWire - 1:33PM Recapping Recent Proposed Mortgage Rule Changes There are five key issues confronting the Federal Housing Finance Agency (FHFA) its director told a banking audience on Monday. The five, taken together, Director Mel Watt said, address ... Mortgage Rate Watch - 3:18PM Mortgage Rates Now Back to 4.25% on Average Mortgage rates have now endured an insulting 10 straight days without improving. While a few of those have resulted in 'unchanged' levels, most have sent rates higher. Today, in particular ... MBS Commentary - 12:01PM MBS MID-DAY: Bond Markets Officially Move Out of Long Term Downtrend Throughout the week, we've had our eyes on the long term downtrend in rates stretching back to the beginning of 2014. It provided some context for the relatively brutal uptrend that ... MBS Commentary - 7:31AM MBS Day Ahead: Bond Markets hit Most 'Oversold' Levels of the Year, Now What? I hate the terms 'overbought' and 'oversold.' At best, they cause confusion, and at worst they serve as the basis for faulty decision-making among armchair market technicians. So let ... Possible CRA Changes; Freddie QC Software; Compliance Boot Camp in Hawaii New Home Mortgage Applications Softened in August Latest Video Renovations go virtual New way to sell real estate Closing Bell Exchange: Bond fever breaking More News from 'Around the Web' www.cfpbmonitor.com - 3:58PM Rohit Chopra from CFPB focuses on student loan modifications at ABA Consumer Financial Services Committee program in Chicago blog.hud.gov - 3:58PM Measuring Progress in the Housing Market CNBC - 3:57PM Fed taps Fischer to lead new committee rss.nytimes.com - 2:57PM Off the Charts: Young Households Are Losing Ground in Income, Despite Eduation CNBC - 2:57PM Wall Street Fed view changes The Big Picture - 2:56PM $100 Million Homes Are Outliers . . . Bloomberg - 12:45PM Draghi Says ABS Plan Will Proceed Without Government Guarantees - Bloomberg WSJ - 10:20AM Why You Might Pencil in a 3.5% Fed Funds Rate in 2017 Washington Post - 10:20AM Fed economists: America's missing workers are not coming back Reuters - 10:19AM U.S. consumer sentiment at 14-month high in September Market Watch - 10:19AM Treasury expands sanctions on Russia over Ukraine conflict CNBC - 10:18AM Hands off! Voice-controlled hub for smart homes CNBC - 10:18AM US business inventories rise in July Reuters - 9:20AM U.S. retail sales increase broadly in August CNBC - 9:19AM US bonds decline as investors eye FOMC and Russia blog.redfin.com - 9:19AM The Pros and Cons of being a Real Estate Agent www.cfpbmonitor.com - 9:19AM Disparate impact cases against HUD: Illinois federal court issues decision; update on D.C. case Reuters - 9:18AM U.S. import prices post largest decline in nine months WSJ - 12:44AM Banks Sweeten Jumbo Terms CNBC - 12:44AM Yellen faces a big challenge: McCulley Today's Comments Mortgage Rate Watch - 12:57AM "Definitely not a time for loan originators or floating borrowers to take rates for granted. Anyone who does could regret it if the recent trend continues!..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% +0.03 15 Yr FRM 3.39% +0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.10% +0.03 5/1 Yr ARM 3.25% +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 4.27% 0.25 +0.02 15 Yr. Fixed 3.44% 0.28 -0.04 30 Yr. Jumbo 4.15% 0.23 -0.07 30 Yr. FHA 3.97% 0.08 -0.02 5/1 ARM 3.12% 0.45 -0.07 Freddie Mac ** 30 Yr. Fixed 4.12% 0.50 +0.02 15 Yr. Fixed 3.26% 0.50 +0.02 1 Yr. ARM 2.45% 0.40 +0.05 5/1 Yr. ARM 2.99% 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 97.61 -0.39 30YR FNMA 3.5 101.47 -0.28 30YR GNMA 3.0 100.02 -0.38 30YR GNMA 3.5 103.00 -0.23 15YR FNMA 3.0 103.05 -0.11 15YR FNMA 2.5 100.44 -0.14 Treasuries Yield Change 2 YR 0.5643% +0.0003 5 YR 1.8169% +0.0235 10 YR 2.6087% +0.0582 30 YR 3.3424% +0.0652 Prices as of: 9/12/2014 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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