Daily Newsletter: Mortgage Rates Hit High 3's; Corelogic's 2nd Look at Condo Market; Rate Rally Tuned in to Stock Slide; Wells/Chase Profits

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30 Year Fixed 3.96%   -0.12 15 Year Fixed 3.15%   -0.12 10YR Treasury 2.20%   -0.0902 FNMA 30YR 3.5 103.63   +0.48 FNMA 15YR 2.5 104.05   +0.31 View Today's Rates

Tuesday October 14, 2014 Mortgage Rate Watch - 4:56PM Mortgage Rates Hit High 3's Mortgage rates continued living the dream today, falling decisively past last week's lows to claim another instance of "best rates since June 2013." Today's move was exceptional compared ... MND NewsWire - 1:58PM CoreLogic takes a Second Look at Condo Comeback In July Sam Khater, an economist at CoreLogic, wrote about the comeback of the condo market and how construction of units had increased from post-recession lows while the ability of ... MBS Commentary - 7:34AM MBS Week Ahead: Strongest Bond Market in Over a Year Tuned in to Stocks The tendency for bond yields to move in concert with stock prices had been spottier before September's FOMC Announcement, but has been over since then. At the beginning of October, ... MND NewsWire - 1:07PM Profits Increase for Big 3; Wells Cites Mortgage Improvements Three of the country's largest banks announced their profits for the third quarter on Tuesday. For Wells Fargo and Citigroup profits increased compared to those in the third quarter ... MBS MID-DAY: Trying to Hold Huge Weekend Gains; Successful but Slipping New Products at MBA Conference; Stevens Op-Ed; Single Security Update; No Gray Area on Referral Fees Latest Video Santelli: 30-year yield below 3% Wells Fargo CFO: Equipped all cycle points Gundlach: Deflation risks keep Fed on hold More News from 'Around the Web' CNBC - 5:29PM Refinancing picking up, but no refi boom: Pro CNBC - 5:29PM Bonds are best investment in 2014, analyst says The Atlantic - 4:22PM Washington, D.C., Is Not the Most Expensive Place to Live in America www.cfpbmonitor.com - 2:47PM CFPB Proposes Changes to TILA-RESPA Integrated Disclosures Rule Bloomberg - 1:57PM Fannie Mae Common Shares Rally, Rebounding From Judge's Ruling - Bloomberg WSJ - 1:57PM Space Shift: As Wealthiest Flock to Supertall Condos, Offices Go Horizontal CNBC - 12:40PM Mortgage rates dip below 4 percent Market Watch - 12:40PM Capitol Report: At Wells Fargo and Chase, mortgage lending inches up CNBC - 11:55AM Gundlach: 2.20% should be the low on interest rates NAHB - 11:03AM New NAHB Study Shows Substantial Regional Differences in New Single-Family Home Characteristics CNBC - 11:03AM Wall St sheds light on Bill Gross reign Washington Post - 11:03AM The reason Americans are spending less CNBC - 9:00AM Citigroup posts earnings of $1.15 a share vs. $1.12 estimate Bloomberg - 9:00AM JPMorgan Swings to Profit as Debt-Trading Revenue Rises - Bloomberg Reuters - 8:55AM Wells Fargo profit rises 1.7 percent, mortgage originations increase CNBC - 8:55AM Americans face post-foreclosure hell Bloomberg - 12:13AM Treasury 30-Year Yield Falls Below 3% as Fischer Warns on Growth - Bloomberg rss.nytimes.com - 12:09AM Household Finances May Curb Holiday Spending Today's Rates Best Execution Rate Change 30 Yr FRM 3.96% -0.12 15 Yr FRM 3.15% -0.12 FHA 30 Year Fixed 3.50% -0.25 Jumbo 30 Year Fixed 3.87% -0.10 5/1 Yr ARM 3.20% -0.03 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 4.30% 0.19 -0.03 15 Yr. Fixed 3.48% 0.32 -0.07 30 Yr. Jumbo 4.21% 0.29 -0.07 30 Yr. FHA 4.00% 0.15 -0.07 5/1 ARM 3.20% 0.37 -0.11 Freddie Mac ** 30 Yr. Fixed 4.12% 0.50 -0.07 15 Yr. Fixed 3.30% 0.50 -0.06 1 Yr. ARM 2.42% 0.40 +0.00 5/1 Yr. ARM 3.05% 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 3.0 100.56 +0.66 30YR FNMA 3.5 103.63 +0.48 30YR GNMA 3.0 102.44 +0.59 30YR GNMA 3.5 104.64 +0.38 15YR FNMA 3.0 104.05 +0.31 15YR FNMA 2.5 101.92 +0.36 Treasuries Yield Change 2 YR 0.3758% -0.0561 5 YR 1.4469% -0.0946 10 YR 2.2008% -0.0902 30 YR 2.9562% -0.0633 Prices as of: 10/14/2014 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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