Daily Newsletter: Housing Supply, Demand Breaking Rules; Mortgage Rates Slightly Higher; Housing Finance Still "Sick"

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30 Year Fixed 4.18%   +0.02 15 Year Fixed 3.29%   +0.00 10YR Treasury 2.54%   +0.0231 FNMA 30YR 3.5 102.16   -0.16 FNMA 15YR 2.5 103.52   -0.11 View Today's Rates

Monday May 19, 2014 MND NewsWire - 1:24PM Housing Supply, Demand Breaking Rules Freddie Mac Says Freddie Mac's economists used this month's Economic and Housing Market Outlook to look at three areas of supply and demand. Analyzing each, they say, will help us understand the direction ... Mortgage Rate Watch - 3:10PM Mortgage Rates Steady to Slightly Higher Mortgage rates began the day in roughly the same territory as Friday afternoon. Some lenders were in slightly better shape while others were slightly worse. Afternoon weakness in the ... MND NewsWire - 1:10PM Stevens: Four Years Later, Housing Finance System still Sick David H. Stevens, President of the Mortgage Bankers Association (MBA) told members attending the organization's annual convention in New York today that some things hadn't changed much ... MBS Commentary - 11:49AM MBS MID-DAY: Pulling Back from Strongest Levels, Still in Positive Territory Both Treasuries and MBS hit the 8am mark right in line with Friday's latest levels. As the domestic bond market session officially got underway with the 8:20am pit open, buyers were ... Cabinet Shuffle: HUD's Donovan to Head Office of Management and Budget Maybe NMLS Numbers Weren't so Scary; Recent CFPB Proposals and Implications Latest Video Santelli: 10-Year hovers at 10-month low yields Santelli Exchange: Housing finance reform What the 10-year says about US recovery More News from 'Around the Web' S&P/Case Shiller - 3:51PM Housing Angst Around the World The Huffington Post - 3:50PM Housing Finance Reform Should Now Focus on Fixing and Preserving Fannie Mae and Freddie Mac CNBC - 3:50PM Bernanke on Fed balance sheet Reuters - 3:50PM New York attorney general combats 'zombie houses' after Reuters probe CNBC - 2:58PM 2.5% Treasury yields make me angry The Huffington Post - 2:13PM The Big Data Real Estate Controversy WSJ - 2:12PM Higher Mortgage Rates Dragged Down U.S. Home Sales: San Francisco Fed www.npr.org - 1:03PM 3 Million Young People Missing From Housing Market? It's Everyone's Problem Washington Post - 12:58PM U.S. says charges against Chinese state-sponsored hackers are the 'new normal' Reuters - 11:32AM No liability for BofA for allegedly concealing $10 billion AIG case CNBC - 11:24AM Bernanke feasts with rich; rates are on the menu archives.informz.net - 10:57AM MBA CEO David H. Stevens Lays Groundwork for Future of the Secondary Market Market Watch - 9:55AM Treasurys rise ahead of Fed speeches, minutes WSJ - 8:53AM Yellen: China's Financial Woes Manageable www.freddiemac.com - 8:51AM Real-time Change in Housing Finance Reuters - 8:50AM Fischer, Brainard to push for more activist Fed Today's Comments MBS Live Chat - 12:28PM "Is anyone still getting away with using a letter CPA for using business funds for down payment?..." MBS Live Chat - 12:53PM "Regarding large unsourced deposits, can anyone provide the guides stating that if you can't document them and they are NOT needed for cash to close or reserves that they are acceptable?..." MBS Live Chat - 1:01PM "Brent.....if the deposit is greater than 25% of gross monthly but cannot be souced I am not sure it is addressed well in guides. I usually get an LOE and then it is underwriter discretion....but if you don't need the funds I would think they would clear..." MBS Live Chat - 1:03PM "i really hope guidelines loosen up as it relates to large deposits..." MBS Live Chat - 1:03PM "absolute overkill..." MBS Live Chat - 1:04PM "RM: overkill is an understatment..." MBS Live Chat - 1:09PM "BB, sourcing funds has gotten to be such a logistical pain esp when not needed or being utilized for transaction...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.18% +0.02 15 Yr FRM 3.29% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.96% +0.02 5/1 Yr ARM 3.20% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.39% 0.22 -0.04 15 Yr. Fixed 3.48% 0.12 -0.04 30 Yr. Jumbo 4.29% 0.16 +0.00 30 Yr. FHA 4.09% 0.00 -0.04 5/1 ARM 3.17% 0.24 -0.04 Freddie Mac ** 30 Yr. Fixed 4.20% 0.60 -0.01 15 Yr. Fixed 3.29% 0.60 -0.03 1 Yr. ARM 2.43% 0.50 +0.00 5/1 Yr. ARM 3.01% 0.40 -0.04 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 98.11 -0.20 30YR FNMA 3.5 102.16 -0.16 30YR GNMA 3.0 99.88 -0.47 30YR GNMA 3.5 103.19 -0.41 15YR FNMA 3.0 103.52 -0.11 15YR FNMA 2.5 100.92 -0.08 Treasuries Yield Change 2 YR 0.3468% -0.0161 5 YR 1.5442% -0.0066 10 YR 2.5427% +0.0231 30 YR 3.3900% +0.0498 Prices as of: 5/19/2014 4:10PM 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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