Daily Newsletter: Mortgage Credit: Loose, Tight, or Just Right?; Watt Focuses on Reps/Warrants; Stevens at MBA Conference; Rates Hold Under 4 Percent

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30 Year Fixed 3.94%   -0.03 15 Year Fixed 3.12%   -0.03 10YR Treasury 2.19%   -0.0089 FNMA 30YR 3.5 103.80   +0.09 FNMA 15YR 2.5 104.20   +0.11 View Today's Rates

Monday October 20, 2014 MND NewsWire - 2:13PM Mortgage Credit: Loose, Tight, or Just Right? Earlier this year the Mortgage Bankers Association (MBA) began releasing its Mortgage Credit Availability Index , a measure of how "loose" or "tight" mortgage credit is when compared ... MND NewsWire - 4:31PM Watt Focuses on Reps/Warrants; 97% GSE Loan Mentioned Only in Passing Federal Housing Finance Agency (FHFA) Director Melvin L. Watt focused his remarks to attendees at the Mortgage Bankers Association annual conference on the issue of representation and ... MND NewsWire - 5:02PM MBA's Stevens: No Sense Pining for the way it used to be David Stevens, President of the Mortgage Bankers Association (MBA), told an audience attending the association's s annual convention in Las Vegas that the rules for Qualified Residential ... Mortgage Rate Watch - 3:32PM Mortgage Rates Holding Under 4 Percent Mortgage rates returned to levels best characterized as "under 4 percent" today after drifting higher on Friday. Last Wednesday was the first foray into the "high 3's" in more than ... MBS MID-DAY: Bond Markets Holding Near Unchanged Levels After Stronger Morning Non-QM and Expanded Products; If Agencies go to 97% Will Lenders and MI Companies Follow? MBS Week Ahead: Slow Week For Economic Data; High Stakes For Bond Markets Latest Video Volatile market, stoic Fed How low will gas prices go? US economy improving despite volatility: Fisher More News from 'Around the Web' www.aei-ideas.org - 4:49PM Wow. Five years into a recovery, 65% think the US is on the 'wrong track,' while 64% say things are 'out of control' The Atlantic - 4:48PM The Bottom 90 Percent: No Better Off Today Than in 1986 FHFA - 3:10PM Prepared Remarks of Melvin L. Watt, Director, FHFA, At the Mortgage Bankers Association Annual Convention CNBC - 2:07PM These common insurance myths may be costing you money WSJ - 12:52PM ECB Purchases Begin and Markets Shrug Fannie Mae - 12:18PM News Release - Fannie Mae Announces Appraisal Tool for ... CNBC - 10:54AM Goldman cuts 2014 10-year forecast to 2.5%: Report WSJ - 10:06AM Is The Fed Behind The Curve or Jumping The Gun? Market Watch - 9:05AM 5 real estate mistakes retirees make WSJ - 9:02AM Inequality Conference Hints at Limits of Fed Policy CNBC - 9:00AM Shouts on bond-trading floor yield to robot beeps CNBC - 8:51AM Fed's Fisher With Another Classy Drug Reference Today's Rates Best Execution Rate Change 30 Yr FRM 3.94% -0.03 15 Yr FRM 3.12% -0.03 FHA 30 Year Fixed 3.40% -0.10 Jumbo 30 Year Fixed 3.88% -0.02 5/1 Yr ARM 3.20% +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 4.20% 0.17 -0.10 15 Yr. Fixed 3.41% 0.28 -0.07 30 Yr. Jumbo 4.14% 0.10 -0.07 30 Yr. FHA 3.90% 0.08 -0.10 5/1 ARM 3.05% 0.38 -0.15 Freddie Mac ** 30 Yr. Fixed 3.97% 0.50 -0.15 15 Yr. Fixed 3.18% 0.50 -0.12 1 Yr. ARM 2.38% 0.40 -0.04 5/1 Yr. ARM 2.92% 0.50 -0.13 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 3.0 100.77 +0.14 30YR FNMA 3.5 103.80 +0.09 30YR GNMA 3.0 102.75 +0.17 30YR GNMA 3.5 104.94 +0.06 15YR FNMA 3.0 104.20 +0.11 15YR FNMA 2.5 102.09 +0.11 Treasuries Yield Change 2 YR 0.3545% -0.0204 5 YR 1.4035% -0.0149 10 YR 2.1882% -0.0089 30 YR 2.9624% -0.0093 Prices as of: 10/20/2014 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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