Daily Newsletter: Mortgage Rates at 3-Week Highs After Fed Ends QE; Foreclosures Hold Downward Trend; Mortgage Apps Remain Elevated, but Down vs Last Week

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30 Year Fixed 4.04%   +0.05 15 Year Fixed 3.21%   +0.05 10YR Treasury 2.32%   +0.0267 FNMA 30YR 3.5 103.31   -0.09 FNMA 15YR 2.5 103.67   -0.17 View Today's Rates

Wednesday October 29, 2014 Mortgage Rate Watch - 4:36PM Mortgage Rates at 3-Week Highs After Fed Ends QE Mortgage rates rose to the highest level in 3 weeks after today's Fed Announcement. The move was a two-part process with initial rate sheets being weaker in the morning and mid-day ... MND NewsWire - 1:59PM Foreclosures Ticked up in September, Downward Trend Holds Completed foreclosures rose slightly in September CoreLogic said today, but the long-term trend continues to be a relatively precipitous drop from the record high numbers of the last ... MND NewsWire - 9:54AM Mortgage Apps: Still Much More Refi Demand Than 2 Weeks Ago Mortgage application numbers during the week ended October 24 backed off a bit from the numbers posted during the week ended October 17 but were still elevated compared to other recent ... MBS Commentary - 12:11PM MBS MID-DAY: Bond Markets on the Ropes Ahead of FOMC Announcement MBS and Treasuries are at their weakest levels in 3 weeks ahead of this afternoon's FOMC Announcement. That's really all there is to it. We haven't had any meaningful market movers ... LOS Survey; RESPA-TILA Toolkit; LO Comp Violations Still Out There MBS Day Ahead: FOMC Day: Could be a Market Mover Latest Video The real mortgage rate impact Fed's housing rescue Rates will slowly drift higher: Pro More News from 'Around the Web' WSJ - 3:53PM End of QE3 Means Fed Statement Finally Shrinks WSJ - 3:53PM Economists React to the Fed Statement: 'Surprisingly Hawkish' Bloomberg - 3:52PM SEC Said to Open Review of American Realty's Accounting - Bloomberg Market Watch - 3:50PM Transferring mortgage servicers can harm homeowners, inspector finds rss.nytimes.com - 3:06PM Fed Announces End to Bond-Buying, Citing Job Gains Market Watch - 1:21PM Market Extra: Why it's so hard to trade a Treasury bond right now CNBC - 11:45AM As Fed leaves bond market, here's who will step in CNBC - 10:41AM S&P in mortgage settlement talks WSJ - 10:41AM The Fed Favors Guidance Over Bond Buys WSJ - 8:57AM Fed Critics Have Been Wrong About QE's Most Ill Effects Bloomberg - 8:55AM Mortgage Bonds Stare Down End of QE as Gains Persist - Bloomberg CNBC - 8:52AM As housing market struggles, the rich are refinancing Today's Rates Best Execution Rate Change 30 Yr FRM 4.04% +0.05 15 Yr FRM 3.21% +0.05 FHA 30 Year Fixed 3.60% +0.10 Jumbo 30 Year Fixed 3.93% +0.03 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 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 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 3.92% 0.50 -0.05 15 Yr. Fixed 3.08% 0.50 -0.10 1 Yr. ARM 2.41% 0.40 +0.03 5/1 Yr. ARM 2.91% 0.50 -0.01 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 3.0 100.03 -0.11 30YR FNMA 3.5 103.31 -0.09 30YR GNMA 3.0 101.84 -0.13 30YR GNMA 3.5 104.36 -0.14 15YR FNMA 3.0 103.67 -0.17 15YR FNMA 2.5 101.50 -0.23 Treasuries Yield Change 2 YR 0.4890% +0.0953 5 YR 1.5874% +0.0756 10 YR 2.3210% +0.0267 30 YR 3.0534% -0.0144 Prices as of: 10/29/2014 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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