Daily Newsletter: Mortgage Rates Remain at Recent Highs; Consumers Expecting Higher Rents and Lower Prices; QM Rental Income Underwriting

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30 Year Fixed 4.23%   +0.00 15 Year Fixed 3.36%   +0.00 10YR Treasury 2.62%   -0.0255 FNMA 30YR 3.5 102.13   +0.08 FNMA 15YR 2.5 103.42   -0.02 View Today's Rates

Monday July 7, 2014 Mortgage Rate Watch - 3:20PM Mortgage Rates Remain at Recent Highs Mortgage rates didn't move today. Some lenders were slightly higher or lower compared to Thursday, but only in terms of closing costs, and only by very small margins that averaged out ... MND NewsWire - 10:55AM Consumers Increasingly Expect Higher Rents and Lower Home Prices Responses to Fannie Mae's National Housing Survey for June showed more marked changes in several categories than has been the case in recent months when data has been relatively flat ... Pipeline Press - 10:28AM Financing Options Increase; Mortgage Banker M&A; Question on QM Rental Income Underwriting Here's a survey for LOs - maybe it will have an impact on being able to contribute closing costs to borrowers. "Last year, the Government Affairs team at NAMB conducted a survey of ... MBS Commentary - 7:32AM MBS Day Ahead: Light Economic Calendar, FOMC Minutes, and Potential Change in Trend On the whole, 2014 has certainly seen a narrow range in rates, but within that broader range, we've still been able to witness distinct trends. For instance, rates were sideways to ... Two Generations will Determine Housing's Future Housing Making Convincing Progress toward Normalcy Latest Video Fed faster on rate trigger? Market all about Yellen Fed: Pro Closing Bell Exchange: Picture of recovery More News from 'Around the Web' S&P/Case Shiller - 3:54PM Unclear Demographic Shifts Create Uncertainty In U.S. Affordable Housing Calculated Risk Blog - 3:53PM Inflation Hysteria Redux CFPB - 3:01PM CFPB training housing counselors on the new mortgage servicing rules rss.nytimes.com - 1:40PM Investor Outlook: Welcome to the Everything Boom, or Maybe the Everything Bubble WSJ - 1:40PM Home-Price Drop Held Back Start-Up Hiring After the Recession www.cfpbmonitor.com - 12:40PM CFPB Issues Report on the Use of Remittance Histories in Credit Scoring Market Watch - 12:16PM Four costs new homeowners should plan for Federal Reserve - 12:08PM Federal Reserve Board publishes report on Independent Foreclosure Review and the Payment Agreement Fannie Mae - 9:33AM News Release - Americans' Attitudes Toward the Housing ... CNBC - 8:52AM Part-time workers rise worries some CNN - 8:28AM Housing market is a 'crapshoot' Reuters - 8:26AM Futures dip with indexes at records CNBC - 8:24AM Treasurys higher, focus moves to FOMC minutes Today's Comments MBS Live Chat - 8:20AM "Timely Day Ahead MG with this morning's German Industrial Production #'s tanking again for the 3rd mos in a row and the implications it presents...." MBS Live Chat - 8:35AM "So going forward in the face of continued EU weakness does the spread between TSY's and Bunds widen, tighten, or remain stationary? In any case I think it keeps a lid on rate increases perhaps?..." MBS Live Chat - 3:38PM "http://mndne.ws/1xn8q4f - this is a very interesting article....." Today's Rates Best Execution Rate Change 30 Yr FRM 4.23% +0.00 15 Yr FRM 3.36% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.08% +0.00 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 3.66% 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 97.97 +0.13 30YR FNMA 3.5 102.13 +0.08 30YR GNMA 3.0 99.95 +0.09 30YR GNMA 3.5 103.20 +0.09 15YR FNMA 3.0 103.42 -0.02 15YR FNMA 2.5 100.98 -0.02 Treasuries Yield Change 2 YR 0.5159% +0.0040 5 YR 1.7335% -0.0066 10 YR 2.6156% -0.0255 30 YR 3.4405% -0.0298 Prices as of: 7/7/2014 4:32PM 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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