Daily Newsletter: Labor Market Improvement Bodes Well for Housing; Amerisave hit with $20 mln Fine; Mortgage Apps and Rates Trickle Lower

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30 Year Fixed 4.17%   -0.01 15 Year Fixed 3.30%   -0.01 10YR Treasury 2.42%   -0.0253 FNMA 30YR 3.5 102.45   +0.23 FNMA 15YR 2.5 103.61   +0.16 View Today's Rates

Wednesday August 13, 2014 MND NewsWire - 1:55PM Labor Market Improvement Bodes Well for Housing The estimate from the Bureau of Economic Analysis (BEA) of sharply improved economic growth in the second quarter is good news for the housing market Freddie Mac's lead economists said ... MND NewsWire - 9:06AM Internet Lender Hit with $20 Million Plus in Penalties An Atlanta-based Internet mortgage company, its owner and an affiliate have been hit with a $19.3 million penalty for what the Consumer Financial Protection Bureau (CFPB) said was a ... MND NewsWire - 9:44AM Mortgage Applications Trickle Lower Despite Unchanged Rates Applications volume was lower during the week ended August 8 across all of the measures employed by the Mortgage Bankers Association (MBA). MBA's Market Composite Index decreased 2 ... Mortgage Rate Watch - 3:08PM Mortgage Rates Lower After Downbeat Economic Data Mortgage rates improved just slightly today, but that's a welcome result considering the way things had been shaping up. If not for the weaker-than-expected report on Retail Sales, ... Amerisave's $19 Million CFPB fine; Ginnie & Nonbank Servicers; New Correspondent and Non-QM Programs MBS MID-DAY: European and Domestic Economic Data Benefiting Bond Markets Latest Video Santelli Exchange: Acknowledging inflation Cashin: German GDP concern to US Closing Bell Exchange: Cautious consumer More News from 'Around the Web' WSJ - 3:49PM Retail Sales Disappoint: What Did We Buy in July? CNBC - 3:49PM Here's why stocks can keep going higher www.aei-ideas.org - 3:48PM Study on US income inequality and housing totally misses the point Bloomberg - 1:30PM Treasuries Stay Higher After $24 Billion U.S. 10-Year Note Sale - Bloomberg www.aei-ideas.org - 1:02PM So long to that 4% GDP report in the second quarter? Reuters - 11:09AM U.S. Fed seen moving slowly after first rate hike in second quarter 2015: Reuters poll Washington Post - 11:05AM Mortgage executive explains why banks don't want to take a chance on some borrowers freddiemac.mwnewsroom.com - 11:03AM Freddie Mac August 2014 U.S. Economic and Housing Market Outlook CNBC - 9:05AM US mortgage volume slumps as summer wanes CNBC - 9:02AM Beware the smart house! CNBC - 9:02AM What's fueling weakness in the US housing market Bloomberg - 9:00AM Treasuries Gain as US Retail Sales Were Little Changed in July - Bloomberg Today's Comments MND NewsWire - 11:22AM "and how much did Markert earn under this scam? How much were competitor losses incurred by playing fair with consumers? 1.5Mil? that a joke. should be 10 times that for this fraudster...." MND NewsWire - 1:34PM "These rules have been in place for a long time. It takes concerted effort to ignore them. Sounds like this is good for consumers and competitors alike...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.17% -0.01 15 Yr FRM 3.30% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% -0.02 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 3.56% 1.13 -0.10 30 Yr. Fixed 4.37% 1.39 -0.16 MBA ** 30 Yr. Fixed 4.35% 0.22 +0.00 15 Yr. Fixed 3.48% 0.30 -0.03 30 Yr. Jumbo 4.24% 0.19 -0.02 30 Yr. FHA 4.04% 0.03 -0.02 5/1 ARM 3.24% 0.45 -0.08 Freddie Mac ** 30 Yr. Fixed 4.14% 0.70 +0.02 15 Yr. Fixed 3.27% 0.60 +0.04 1 Yr. ARM 2.35% 0.50 -0.03 5/1 Yr. ARM 2.98% 0.50 -0.03 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 98.75 +0.31 30YR FNMA 3.5 102.45 +0.23 30YR GNMA 3.0 100.98 +0.31 30YR GNMA 3.5 103.92 +0.27 15YR FNMA 3.0 103.61 +0.16 15YR FNMA 2.5 101.22 +0.16 Treasuries Yield Change 2 YR 0.4159% -0.0241 5 YR 1.5839% -0.0328 10 YR 2.4220% -0.0253 30 YR 3.2464% -0.0260 Prices as of: 8/13/2014 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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