Daily Newsletter: Mortgage Rates Begin October With Strong Move to 1-Month Lows; Construction Spending Slumps; GSE Investor Lawsuit Dismissed

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30 Year Fixed 4.13%   -0.07 15 Year Fixed 3.30%   -0.05 10YR Treasury 2.39%   -0.1113 FNMA 30YR 3.5 102.88   +0.64 FNMA 15YR 2.5 103.44   +0.42 View Today's Rates

Wednesday October 1, 2014 Mortgage Rate Watch - 4:39PM Mortgage Rates Begin October With Strong Move to 1-Month Lows Mortgage rates moved definitively lower today , restoring almost all of the ground lost during September's weakness. This has been a gradual process of improvement that began roughly ... MND NewsWire - 1:04PM Little Change in Construction Spending as Summer Ends Total construction spending in the U.S. in August was estimated by the Census Bureau today to be at the seasonally adjusted annual rate of $961.0 billion, down 0.8 percent from spending ... MND NewsWire - 10:58AM Judge Cites Unequivocal Language in Dismissing Fannie/Freddie Lawsuit A lawsuit challenging the manner in which profits from Fannie Mae and Freddie Mac (the GSEs) have been allocated to the U.S. Treasury was dismissed on Tuesday by a U.S. District Court ... MBS Commentary - 12:35PM MBS MID-DAY: Strong Bond Market Rally Has Nothing to do with Data It's asking quite a lot to believe that the single most consistent source of guidance and inspiration for trading levels--economic data--is pretty much irrelevant at the moment, but ... Stonegate's New Channel; CFPB's Consent Order Against a Title Insurer Mortgage Application Volume Continues to Slide MBS Day Ahead: Rates Head For Conflict Resolution As Data Heats Up Latest Video Next lending crisis? Hot & cold housing spots Courts rule on Fannie & Freddie More News from 'Around the Web' CNBC - 5:37PM What's undermining the bond market Market Watch - 3:33PM DoubleLine funds have year's largest inflow as Bill Gross exits Pimco Reuters - 3:32PM CitiMortgage, Wells lose bid to end lawsuit over credit reports Market Watch - 1:57PM Market Extra: Short sellers are getting squeezed in this Treasury market Bloomberg - 12:58PM Draghi's First Asset Purchases Seen Modest as ECB Meets - Bloomberg Bloomberg - 12:09PM Lone Star to Invest $1 Billion in Higher-Risk Home Loans - Bloomberg Bloomberg - 12:07PM Fairholme Says It Will Pursue Fannie Bailout Claim After Setback - Bloomberg WSJ - 12:07PM 5 Details to Watch at the ECB's October Meeting CNBC - 10:52AM ISM manufacturing index hits 56.6 in September Reuters - 10:44AM U.S. construction spending posts surprise decline in August Market Watch - 9:58AM Bond Report: Treasurys surge alongside European bonds The Big Picture - 8:52AM Declining Homeownership among "Prime" First-Time Home Buying Candidates CNBC - 8:32AM Why US mortgage activity remains stuck in neutral CNBC - 8:30AM Private payrolls show growth; August revised lower Today's Rates Best Execution Rate Change 30 Yr FRM 4.13% -0.07 15 Yr FRM 3.30% -0.05 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% -0.06 5/1 Yr ARM 3.23% -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 4.27% 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 4.20% 0.50 -0.03 15 Yr. Fixed 3.36% 0.50 -0.01 1 Yr. ARM 2.43% 0.40 +0.00 5/1 Yr. ARM 3.08% 0.40 +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 99.38 +0.77 30YR FNMA 3.5 102.88 +0.64 30YR GNMA 3.0 101.38 +0.66 30YR GNMA 3.5 103.97 +0.63 15YR FNMA 3.0 103.44 +0.42 15YR FNMA 2.5 101.05 +0.47 Treasuries Yield Change 2 YR 0.5157% -0.0671 5 YR 1.6698% -0.0999 10 YR 2.3856% -0.1113 30 YR 3.0935% -0.1164 Prices as of: 10/1/2014 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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