Daily Newsletter: Survey Says: Good Time to Sell; Wells Says Mortgage Market Needs Boost; Rates Give Back Friday's Gains

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30 Year Fixed 4.04%   +0.02 15 Year Fixed 3.22%   +0.01 10YR Treasury 2.36%   +0.0574 FNMA 30YR 3.5 103.34   -0.25 FNMA 15YR 2.5 103.81   -0.11 View Today's Rates

Monday November 10, 2014 MND NewsWire - 2:11PM Latest Fannie Mae Housing Survey Says: Good Time to Sell Consumer attitudes toward housing and the economy in general continued the slow improvement that has become the norm according to results from the October National Housing Survey. Fannie ... MND NewsWire - 1:43PM Credit Not Driving Demand; Mortgage Market Needs a Boost -Wells Fargo Senior loan officers who responded to the Federal Reserve's quarterly survey of bank lending practices in October reported that changes to bank lending standards for residential mortgage ... Mortgage Rate Watch - 4:34PM Mortgage Rates Give Back Some of Friday's Improvement Mortgage rates were slightly higher today, erasing some of the gains seen on Friday, but remaining well within the recent range. The most prevalently-quoted conforming 30yr fixed rate ... Pipeline Press - 11:13AM PrimeLending's False Claims Woes; Nationstar Probed; What the Cascade of Earnings Tell us The fun just doesn't end. Not only is a CFPB penalty against a lender rumored to be announced soon, but now we have the Rolling Stone doing a story titled, "The $9 Billion Witness: ... MBS RECAP: Afternoon Trading Levels-off, Roughly Half of Friday's Gains Erased; MBS Roll Tonight MBS MID-DAY: Bonds Hammered by Relentless Corporate Debt Market and Calendar MBS Week Ahead: Limited Data; Important Auctions; Banks Closed Tuesday Latest Video Pisani: Modest gains enough for record highs Santelli Exchange: To fail, or not to fail Santelli: Impressive dollar move More News from 'Around the Web' www.aei.org - 3:57PM 4 charts that expose the invisible side of homelessness CNBC - 3:55PM Subprime credit card lending swells NAHB - 2:59PM Builder Confidence in the 55+ Housing Market Shows Strong Growth in Third Quarter WSJ - 2:04PM Today's Financial Market Risk-Taking Looks a Lot Like 2006 www.frbsf.org - 1:26PM Does Slower Growth Imply Lower Interest Rates? Bloomberg - 1:24PM Fed Economists Say Long-Term Rates May Exceed Forecasts - Bloomberg Bloomberg - 11:00AM Fed's Labor Market Conditions Index Strengthens in October - Bloomberg Calculated Risk Blog - 10:54AM FNC: Residential Property Values increased 6.3% year-over-year in September Market Watch - 8:43AM More refinancing borrowers cash out home equity Reuters - 8:42AM Toll Brothers sells more homes at higher prices Today's Comments MND NewsWire - 5:27PM "Frank- I agree with you that the 100% ltv borrower is underwater the minute he closes, but I don't think that, in and of itself, makes a loan more risky. The "equity" escape hatch you mention proved to be a fiction when the bust hit. Folks with 20% down payments (and sometimes more) were wiped out, and..." MND NewsWire - 2:25AM "William--you keep going back to the "Capacity" constant so quickly--but you have to ask yourself--what went so catastrophically wrong with the pricing of homes that a 20% escape hatch would not be enough? Why didn't we reduce LTVs when appreciation rates were exceeding historical norms by double digits..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.04% +0.02 15 Yr FRM 3.22% +0.01 FHA 30 Year Fixed 3.55% +0.05 Jumbo 30 Year Fixed 3.93% +0.02 5/1 Yr ARM 3.23% -0.01 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 4.02% 0.50 +0.04 15 Yr. Fixed 3.21% 0.50 +0.08 1 Yr. ARM 2.45% 0.40 +0.02 5/1 Yr. ARM 2.97% 0.50 +0.03 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 99.89 -0.30 30YR FNMA 3.5 103.34 -0.25 30YR GNMA 3.0 101.77 -0.22 30YR GNMA 3.5 104.22 -0.23 15YR FNMA 3.0 103.81 -0.11 15YR FNMA 2.5 101.42 -0.14 Treasuries Yield Change 2 YR 0.5389% +0.0364 5 YR 1.6414% +0.0529 10 YR 2.3604% +0.0574 30 YR 3.0934% +0.0591 Prices as of: 11/10/2014 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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