Daily Newsletter: Mortgage Rates hit New 2014 Lows; FHA's Blueprint for Reaching More Borrowers; Refi Applications and Affordability on the Rise

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30 Year Fixed 4.17%   -0.05 15 Year Fixed 3.29%   -0.04 10YR Treasury 2.55%   -0.0644 FNMA 30YR 3.5 102.42   +0.47 FNMA 15YR 2.5 103.75   +0.28 View Today's Rates

Wednesday May 14, 2014 Mortgage Rate Watch - 3:40PM Mortgage Rates hit New 2014 Lows Mortgage rates fell today as the European Central Bank looks increasingly ready for a new round of easing in June. More accommodative monetary policy in Europe makes European government ... MND NewsWire - 3:14PM FHA Unveils Blueprint for Improving Credit Access The Federal Housing Administration (FHA) says that qualified buyers are currently underserved by the housing market. The economic crisis significantly constrained credit, making it ... MND NewsWire - 8:55AM Refi Applications Increase at Fastest Pace in a Month Mortgage applications activity rallied slightly for the second consecutive time during the week ended May 9. The Mortgage Bankers Association (MBA) said that mortgage application volume ... MND NewsWire - 10:16AM Falling Prices, Stable Mortgage Rates Boost Housing Affordability Nearly two-thirds of all new and existing homes sold during the first quarter of 2014 were termed "affordable" by the National Association of Home Builders (NAHB)/Wells Fargo Housing ... MBS MID-DAY: "The Range" is Now Officially Being Tested FHA's HAWK Program Bends on MIP; VA's Final QM Rule; Changes to HARP Eligibility Nixed MBS Day Ahead: Did Retail Sales Derail a Push Higher for Rates? Latest Video 'Juiced' rates & housing affordability Housing weaker than we think? Santelli: Exploring central bank rabbit holes More News from 'Around the Web' CNBC - 4:47PM 'Shell shock' bond move's global impact time.com - 3:24PM This Mind-Blowing Debt Graphic Will Probably Make You Sad DataQuick - 3:23PM April Southland Home Sale Press Release Reuters - 3:23PM Mortgage servicer Green Tree failed compliance tests: monitor WSJ - 3:09PM Why Do Regulators Want to Ease Mortgage Standards? Bloomberg - 2:33PM Big Banks Said to Improve Loan Servicing Under Mortgage Accord OCC - 2:21PM Comptroller Discusses Bank Supervision of the Country's Dual Banking System The Atlantic - 10:44AM Are Student Loans Really Killing the Housing Market? Market Watch - 10:42AM Bond Report: 10-year yield sinks to six-month low rss.nytimes.com - 8:39AM Rent vs. Buy: How to Turn Renters Into Savers Reuters - 8:39AM Stock futures dip, with Dow, S&P off closing records CNBC - 8:38AM Drop in rates spurs rise in mortgage refinancing Today's Comments MBS Live Chat - 2:14PM "yea savings looks to be very small, 27 per month on avg FHA loan. no idea what avg fha loan is however..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.17% -0.05 15 Yr FRM 3.29% -0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.95% -0.05 5/1 Yr ARM 3.21% -0.01 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 4.21% 0.60 -0.08 15 Yr. Fixed 3.32% 0.60 -0.06 1 Yr. ARM 2.43% 0.40 -0.02 5/1 Yr. ARM 3.05% 0.50 +0.00 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 98.33 +0.56 30YR FNMA 3.5 102.42 +0.47 30YR GNMA 3.0 100.44 +0.53 30YR GNMA 3.5 103.70 +0.41 15YR FNMA 3.0 103.75 +0.28 15YR FNMA 2.5 101.09 +0.30 Treasuries Yield Change 2 YR 0.3710% -0.0120 5 YR 1.5674% -0.0477 10 YR 2.5463% -0.0644 30 YR 3.3767% -0.0680 Prices as of: 5/14/2014 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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