Daily Newsletter: Mortgage Rates Erase Last Week's Gains; Residential Construction Improves Significantly in July

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30 Year Fixed 4.16%   +0.03 15 Year Fixed 3.31%   +0.02 10YR Treasury 2.40%   +0.0088 FNMA 30YR 3.5 102.48   -0.06 FNMA 15YR 2.5 103.44   -0.02 View Today's Rates

Tuesday August 19, 2014 Mortgage Rate Watch - 2:08PM Mortgage Rates Continue Higher Erasing Last Week's Gains Mortgage rates continued moving higher today after headlines suggested a chance for deescalation in Ukraine. It was the geopolitical risk in Ukraine that coincided with a strong move ... MND NewsWire - 10:45AM Residential Construction Metrics Rose Significantly in July Two important measures of strength in the housing and construction industries moved substantially higher in July the U.S. Census Bureau and the Department of Housing and Urban Development ... MBS Commentary - 12:33PM MBS MID-DAY: Bonds Turn Negative After Stronger Start Relative to yesterday's exceptionally linear trading, prices have been much more volatile today. The overnight session was constructive for global bond markets with soft UK inflation ... Pipeline Press - 10:42AM Affiliated-Envoy Lawsuit; MBA Networking Groups; MISMO Update; Recent Agency News It is fun to see that U.S. homebuilder confidence rose to a seven-month high, primarily driven by lower mortgage rates and an improving jobs market which have pushed buyers into the ... CFPB Calculates 2015 Changes to HOEPA, QM Loan Thresholds Longer Term Home Sales Outlook at 1-Year Highs Latest Video July housing starts up 15.7% Housing wealth effect US housing story More News from 'Around the Web' The Big Picture - 2:22PM Oil Boom's Effect On The U.S. Economy CNBC - 2:21PM The poor get poorer: Low-wage jobs still dominate CNBC - 1:14PM Apartment construction leading the housing recovery CNBC - 1:14PM Housing: What $500k can get you around the world Bloomberg - 1:10PM Pessimism Reigns in Bonds as BlackRock Sees Debt Hurting Growth - Bloomberg WSJ - 12:00PM Grand Central: Fed's Exit Strategy Quietly Taking Shape As September Meeting Approaches CNN - 10:17AM 'Is it safe to hire?' Business owners don't trust recovery CNBC - 10:16AM Stocks open higher; bolstered by data, Home Depot Reuters - 8:57AM U.S. housing starts, permits surge in July WSJ - 8:57AM First-Time Buyer Comparisons Can Be Deceiving in Housing Market CNBC - 12:20AM Traders eye data for whiffs of inflation Reuters - 12:20AM Lawmakers slam Fed's crisis lending proposal Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.03 15 Yr FRM 3.31% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.05% +0.03 5/1 Yr ARM 3.25% +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 4.12% 0.60 -0.02 15 Yr. Fixed 3.24% 0.60 -0.03 1 Yr. ARM 2.36% 0.50 +0.01 5/1 Yr. ARM 2.97% 0.50 -0.01 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 98.84 -0.06 30YR FNMA 3.5 102.48 -0.06 30YR GNMA 3.0 101.11 -0.06 30YR GNMA 3.5 103.86 -0.23 15YR FNMA 3.0 103.44 -0.02 15YR FNMA 2.5 101.08 0.00 Treasuries Yield Change 2 YR 0.4314% +0.0120 5 YR 1.5788% +0.0049 10 YR 2.4015% +0.0088 30 YR 3.2147% +0.0156 Prices as of: 8/19/2014 4:19PM 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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