Daily Newsletter: Mortgage Rates Move Lower, Keeping Range Intact; Foreclosures up in May but Down Annually

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30 Year Fixed 4.20%   -0.03 15 Year Fixed 3.34%   -0.02 10YR Treasury 2.56%   -0.0544 FNMA 30YR 3.5 102.34   +0.22 FNMA 15YR 2.5 103.50   +0.08 View Today's Rates

Tuesday July 8, 2014 Mortgage Rate Watch - 3:10PM Mortgage Rates Move Lower, Keeping Range Intact Mortgage rates improved today . The bonds that most directly affect rates got a boost from stock market weakness and ongoing European bond market strength. Today's drop in rates is ... MND NewsWire - 10:51AM Foreclosures up Again in May, but Annual Counts Still Falling Even as various indicators of foreclosure activity continue to tumble from their year ago levels, they still tend to bounce up and down from month to month. CoreLogic today said that ... Pipeline Press - 10:23AM Why You Don't Want CFPB Handling Your Remodel; ECOA/HMDA Review Types What has the CFPB been up to lately? For starters, remember that the Consumer Financial Protection Bureau's funding comes not from Congress but from the Federal Reserve. The reasons ... MBS Commentary - 7:42AM MBS Day Ahead: Surprisingly Enough, Still Fighting to Hold the Range "The range" is admittedly an overused term, and it requires constant contextual clarification. While various examples offer convenient connections between MBS and Treasuries, it's the ... MBS MID-DAY: Holding Solid Gains With Help From Stocks and Europe Consumers Increasingly Expect Higher Rents and Lower Home Prices Latest Video Swanky student housing Modern student housing play Fed's Lacker: Growth over 3% unlikely in near future More News from 'Around the Web' CNBC - 4:04PM Kocherlakota: Inflation data temporary Reuters - 2:50PM Fed's Yellen to appear before Senate Banking Committee on July 15 WSJ - 2:50PM Fed's Kocherlakota: It Could Take 4 Years to Get Back to 2% Inflation WSJ - 2:49PM Obama Administration Tries To Rebuild Momentum In Stalling Mortgage Programs Reuters - 2:47PM Wells Fargo loses latest bid to end L.A. discrimination suit CFPB - 1:23PM CFPB Clarifies Mortgage Lending Rules to Assist Surviving Family Members WSJ - 11:41AM Job Openings Rise to 7-Year High, but Hiring Notches Scant Gains Market Watch - 10:34AM Bond Report: Treasurys jump ahead of 3-year auction CNBC - 10:34AM Foreign real estate deals at record high CNBC - 10:34AM Investors get schooled in housing CNBC - 10:25AM Why investors can still count on the Fed: El-Erian CNN - 8:57AM House hunting? Download these apps first CNBC - 8:55AM US Treasurys tick higher, FOMC minutes in focus WSJ - 8:54AM Picking the Right Mortgage CNBC - 8:54AM Are markets seeing a boom or bubble? Bloomberg - 8:54AM China Said to Tell Carriers to Cut Marketing Costs - Bloomberg Today's Comments MBS Live Chat - 1:32PM "what is the short sale seasoning change? yesterday i just had a customer want to get prequal'd with one a few years back..." MBS Live Chat - 1:33PM "Deed-in-lieu of Foreclosure and Preforeclosure Sale Message Updates The waiting period requirements for borrowers who have had a previous deed-in-lieu of foreclosure or preforeclosure sale are being updated to now require a four-year waiting period; though a two-year waiting period will be permitted..." MBS Live Chat - 1:34PM "for Short Sale. Changing to 4..." MBS Live Chat - 1:34PM "yeah, so basically its 4 years because no one does extenuating circumstances..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.20% -0.03 15 Yr FRM 3.34% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.04% -0.04 5/1 Yr ARM 3.22% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.66% 1.16 -0.01 30 Yr. Fixed 4.53% 1.31 +0.02 MBA ** 30 Yr. Fixed 4.33% 0.18 -0.03 15 Yr. Fixed 3.47% 0.19 -0.03 30 Yr. Jumbo 4.28% 0.12 -0.04 30 Yr. FHA 4.03% -0.38 -0.04 5/1 ARM 3.23% 0.27 +0.03 Freddie Mac ** 30 Yr. Fixed 4.12% 0.50 -0.02 15 Yr. Fixed 3.22% 0.50 +0.00 1 Yr. ARM 2.38% 0.40 -0.02 5/1 Yr. ARM 2.98% 0.40 +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 98.30 +0.33 30YR FNMA 3.5 102.34 +0.22 30YR GNMA 3.0 100.33 +0.38 30YR GNMA 3.5 103.38 +0.17 15YR FNMA 3.0 103.50 +0.08 15YR FNMA 2.5 101.13 +0.14 Treasuries Yield Change 2 YR 0.5079% -0.0080 5 YR 1.6940% -0.0395 10 YR 2.5612% -0.0544 30 YR 3.3782% -0.0623 Prices as of: 7/8/2014 4:29PM 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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