Daily Newsletter: Home Price Gains Cooling Quickly; Mortgage Rates Edge Higher; Jumbo ARMs Help Credit Availability Index; Another OCWEN Battle

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30 Year Fixed 4.22%   +0.01 15 Year Fixed 3.33%   +0.01 10YR Treasury 2.49%   +0.0036 FNMA 30YR 3.5 102.27   -0.08 FNMA 15YR 2.5 103.41   -0.05 View Today's Rates

Tuesday August 5, 2014 MND NewsWire - 11:21AM Home Price Gains Cooling Quickly as Weather Warms -CoreLogic The expected surge in the number of homes for sale has not yet materialized and the resulting tight supply is among the factors leading to higher prices. In a report released this morning ... Mortgage Rate Watch - 3:18PM Mortgage Rates Just Barely Higher; Some Afternoon Improvements Mortgage rates were just slightly higher this morning. Bond markets (which set the tone for mortgage pricing) lost some ground overnight and remained under pressure after the morning ... MND NewsWire - 9:40AM New Jumbo ARMs Send Credit Access Index Higher The Mortgage Bankers Association credited an increase in the number of jumbo adjustable rate mortgage (ARM) programs in July for a slight increase in its Mortgage Credit Availability ... Pipeline Press - 10:59AM New York Versus Ocwen - Again; The Cost of a Perfect Loan; Upcoming Training The homeownership rate in the US fell again last quarter, to 64.7%, the lowest rate in almost 20 years . Separately, the rental vacancy rate fell to 7.5%. Every weekend babies are born ... MBS MID-DAY: Bond Markets Lose Ground After Data, but Stabilized for Now Disproportionate Foreclosure Distribution; Good Reviews for HAMP Mods Latest Video Larry McDonald: 10-year yield going to 2.2 percent Market's knee-jerk reaction Santelli Exchange: Hidden cost of bailouts More News from 'Around the Web' CNBC - 3:59PM Yields are sending a disturbing message: Bond pro WSJ - 2:36PM NY Fed Announces New Test Program for Trading in Mortgage Securities Market Watch - 1:02PM The Technical Indicator: Charting a bearish technical turn Washington Post - 1:02PM Wonkblog: About 100 million Americans are now using credit unions. Should you join them? Bloomberg - 1:02PM Citigroup's $285 Million Settlement With Sec Approved by Judge - Bloomberg www.aei-ideas.org - 12:28PM Did cutting jobless benefits promote work? Not so much CNBC - 12:19PM Buying a new home? What a difference $1,000 makes CNBC - 11:30AM NYC real estate bubble ready to POP! Reuters - 10:52AM U.S. factory orders rise solidly in June, inventories slow CNBC - 10:52AM Goldman: 'Dramatic divergence' coming Market Watch - 9:53AM Bond Report: Treasurys snap two-day win streak CNBC - 9:49AM Home prices rise at slowest in 20 months WSJ - 8:48AM How Student Loans Are Shaping Mortgage Approvals Today's Comments MBS Live Chat - 1:07PM "is FHA MI for jumbo 1.55%?..." MBS Live Chat - 1:08PM "yes. It is per ML 2013-04..." MBS Live Chat - 1:08PM "http://mndne.ws/16gRUsb..." MBS Live Chat - 2:00PM "What was the stock dive at 1:45 from? Putin comments?..." MBS Live Chat - 2:02PM "Comments from Poland about Russia..." MBS Live Chat - 2:03PM "Poland saying Russia to invade Ukraine..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.22% +0.01 15 Yr FRM 3.33% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.05% +0.01 5/1 Yr ARM 3.24% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.56% 1.13 -0.10 30 Yr. Fixed 4.37% 1.39 -0.16 MBA ** 30 Yr. Fixed 4.32% 0.16 +0.04 15 Yr. Fixed 3.40% 0.22 -0.02 30 Yr. Jumbo 4.24% 0.16 -0.02 30 Yr. FHA 4.02% -0.03 +0.03 5/1 ARM 3.40% 0.22 -0.02 Freddie Mac ** 30 Yr. Fixed 4.12% 0.60 -0.01 15 Yr. Fixed 3.23% 0.70 -0.03 1 Yr. ARM 2.38% 0.40 -0.01 5/1 Yr. ARM 3.01% 0.50 +0.02 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 98.41 -0.08 30YR FNMA 3.5 102.27 -0.08 30YR GNMA 3.0 100.47 -0.06 30YR GNMA 3.5 103.36 -0.06 15YR FNMA 3.0 103.41 -0.05 15YR FNMA 2.5 100.94 -0.05 Treasuries Yield Change 2 YR 0.4683% +0.0000 5 YR 1.6676% +0.0164 10 YR 2.4889% +0.0036 30 YR 3.2888% -0.0025 Prices as of: 8/5/2014 4:28PM 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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