Daily Newsletter: Mortgage Rates Sharply Unchanged; New Home Sales Back up to Depressed Levels

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30 Year Fixed 4.16%   +0.00 15 Year Fixed 3.28%   +0.00 10YR Treasury 2.54%   -0.0179 FNMA 30YR 3.5 102.50   +0.03 FNMA 15YR 2.5 103.81   0.00 View Today's Rates

Friday May 23, 2014 Mortgage Rate Watch - 1:24PM Mortgage Rates Sharply Unchanged Mortgage rates didn't budge today--not one little bit. It's one thing for lenders to be adjusting rate sheets at various points in the day, beginning stronger, ending weaker, and ultimately ... MND NewsWire - 11:36AM New Home Sales Rise to Slightly Less Depressed Levels The U.S. Census Bureau and the Department of Housing and Urban Development said today that the sales of new single family homes in April were at a seasonally adjusted rate of 433,000 ... Pipeline Press - 11:19AM State-Level Changes; Lender Updates; Range-Bound Rates I remember when I first entered the working world, after a few months my HR person asked, "I see that you're not signed up for the company's 401k. Why not?" I replied, "I'd never be ... MBS Commentary - 11:50AM MBS MID-DAY: Uneventful Half-Day, but Slightly Stronger for Bond Markets Very little has happened so far on this holiday-shortened Friday (Monday's the holiday, but MBS/Treasuries close 3 hours early today). The lack of activity will be doubly true from ... Mortgage Banking Profits Hit Hard in 2nd Half of 2013 Existing Homes Sales Post First 2014 Increase Distressed Loan Data Improving; Signs of Life for Refinances Latest Video Housing pick-up in sight? Why Geithner drives liberals crazy: White April new home sales up 6.4% More News from 'Around the Web' CNBC - 1:43PM Forget 'taper tantrum', here comes 'rate rage' WSJ - 1:41PM Poor Americans Direct 40% of Their Spending to Housing Expenses Market Watch - 12:49PM The great bond dilemma WSJ - 12:48PM What Did Last Year's Mortgage Rate Increase Do to Cool Housing Growth? NAHB - 11:27AM Senate Passage of Water Resources Bill Strengthens At-Risk Communities Bloomberg - 10:46AM Castro Move to HUD Sets Up Possible VP Selection in 2016 - Bloomberg Reuters - 10:45AM New home sales rebound, inventories at 3-1/2 year high www.americanprogress.org - 10:40AM Can FHFA Save the Mortgage Market? WSJ - 8:51AM The Keys to the Kingdom www.cfpbmonitor.com - 8:49AM CFPB highlights unlawful practices by consumer reporting agencies, debt collectors and payday lenders Reuters - 8:47AM Stock futures edge higher; new home sales data on tap Today's Comments MBS Live Chat - 9:08AM "with a short day, and a 3 day weekend, i doubt lenders will be real aggressive with rate sheets this morning..." MBS Live Chat - 9:09AM "We had weaker econ data and bond market losses yesterday. I would have been locking too with rate sheets the 2nd best of the year...." MBS Live Chat - 10:00AM "RTRS- US APRIL SINGLE-FAMILY HOME SALES 433,000 UNIT ANN. RATE (CONS. 425,000) VS MARCH 407,000 UNIT RATE (PREV 384,000)..." MBS Live Chat - 10:02AM "Markets seem to be taking these remarkable gains with a hefty dose of skepticism...." MBS Live Chat - 10:03AM "numbers were better, but still horrible..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.00 15 Yr FRM 3.28% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.96% +0.00 5/1 Yr ARM 3.24% +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 4.33% 0.20 -0.06 15 Yr. Fixed 3.43% 0.15 -0.05 30 Yr. Jumbo 4.24% 0.10 -0.05 30 Yr. FHA 4.06% 0.00 -0.03 5/1 ARM 3.14% 0.29 -0.03 Freddie Mac ** 30 Yr. Fixed 4.14% 0.60 -0.06 15 Yr. Fixed 3.25% 0.50 -0.04 1 Yr. ARM 2.43% 0.40 +0.00 5/1 Yr. ARM 2.96% 0.40 -0.05 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 98.34 +0.08 30YR FNMA 3.5 102.50 +0.03 30YR GNMA 3.0 100.03 +0.02 30YR GNMA 3.5 103.59 +0.02 15YR FNMA 3.0 103.81 0.00 15YR FNMA 2.5 101.31 +0.02 Treasuries Yield Change 2 YR 0.3465% -0.0001 5 YR 1.5291% -0.0167 10 YR 2.5356% -0.0179 30 YR 3.3983% -0.0278 Prices as of: 5/23/2014 2:06PM 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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