Daily Newsletter: Major Updates on Mortgage Market's Future; Big News for Existing Home Sales; Rates Back to Nov Lows

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30 Year Fixed 3.98%   -0.02 15 Year Fixed 3.18%   -0.02 10YR Treasury 2.34%   -0.0213 FNMA 30YR 3.5 103.53   +0.17 FNMA 15YR 2.5 103.84   +0.11 View Today's Rates

Thursday November 20, 2014 MND NewsWire - 1:08PM Major Updates on Mortgage Market's Future from FHFA's Watt Melvin L. Watt, Director of the Federal Housing Finance Agency (FHFA) told the Senate Banking Committee today that Freddie Mac and Fannie Mae (the GSEs) will soon announce they will ... MND NewsWire - 1:02PM Big News for Existing Home Sales: 1st Annual Gain of 2014 If October sales of existing homes are an indication 2014 may come to a better conclusion than has been expected. The National Association of Realtors® (NAR) said today that sales ... Mortgage Rate Watch - 5:00PM Mortgage Rates Return to November Lows Mortgage rates improved today following weaker economic data in Europe. That data fueled demand in bond markets overnight, pulling US Treasury yields back to yesterday's lowest levels ... Pipeline Press - 10:54AM News on 3% and G-Fee Changes; FDIC Training Video on ATR and QM For those of you who'd rather watch a video than read the written word, the Federal Deposit Insurance Corporation (FDIC), which knows a thing or two about banking, announced the release ... MBS MID-DAY: Overnight Strength Meets Insane Philly Fed Numbers; Gains Holding MBS Day Ahead: A Nearly Overwhelming Amount of Potential Market Movers Latest Video $1 million home sales soar Existing home sales gain year-over-year Whopper Philly Fed number More News from 'Around the Web' CNBC - 4:55PM Fed launches review of major banks CNBC - 4:55PM Brooklyn housing market commands hefty prices Market Watch - 4:34PM New foreclosure protections could be on the way Market Watch - 4:34PM Capitol Report: Fannie cuts mortgage-rate outlook, but home buyers may not bite CNBC - 3:11PM Alibaba replaces American bond sellers Bloomberg - 2:14PM Fannie-Freddie Clarify Buyback Rules in Effort to Spur Lending - Bloomberg Calculated Risk Blog - 2:13PM A Few Comments on October Existing Home Sales CNBC - 12:22PM Bond market volatility: There's a VIX for that CNBC - 11:57AM Bond market ignores improving data CNBC - 11:57AM $1 million-plus home sales up 16% Washington Post - 10:58AM Wells Fargo and Discover to offer student loan modifications WSJ - 10:58AM Rental Apartment Construction Is At a 27-Year High WSJ - 10:58AM Will 2015 be the Turnaround Year for First-Time Home Buyers? Reuters - 10:58AM U.S. existing home sales hit one-year high in October WSJ - 10:58AM After Recession, Home-Remodeling Is Back On the Rise freddiemac.mwnewsroom.com - 10:57AM Fixed Mortgage Rates Dip Just Below Four Percent WSJ - 9:08AM Fed Staff Whispering Caution in Officials' Ears Bloomberg - 9:06AM Bond Record in Sight as Sales Near $4 Trillion: Credit Markets - Bloomberg CNBC - 8:41AM US jobless claims lowest since 2000; CPI stalls Today's Comments MND NewsWire - 5:36PM "Funny Mr. Watt would mention 5% down loans as an upcoming option. Both Fannie and Freddie allow them now (with Fannie even allowing the 5% to be gifted for well qualified borrowers), and the 5% down option is a great alternative to FHA. Hopefully, DU/LP will be tweaked to be slightly less conservative..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% -0.02 15 Yr FRM 3.18% -0.02 FHA 30 Year Fixed 3.50% -0.05 Jumbo 30 Year Fixed 3.83% -0.03 5/1 Yr ARM 3.25% +0.00 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 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** 30 Yr. Fixed 3.99% 0.50 -0.02 15 Yr. Fixed 3.17% 0.50 -0.03 1 Yr. ARM 2.44% 0.40 +0.01 5/1 Yr. ARM 3.01% 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 3.0 100.13 +0.19 30YR FNMA 3.5 103.53 +0.17 30YR GNMA 3.0 101.86 +0.17 30YR GNMA 3.5 104.33 +0.16 15YR FNMA 3.0 103.84 +0.11 15YR FNMA 2.5 101.53 +0.09 Treasuries Yield Change 2 YR 0.5086% -0.0119 5 YR 1.6271% -0.0132 10 YR 2.3364% -0.0213 30 YR 3.0519% -0.0250 Prices as of: 11/20/2014 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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