Daily Newsletter: Mortgage Rates Near 2014 Lows; Housing Market Normalizing; Mortgage Apps Rise In Spite of Flat Rates; Home Price Appreciation Lower Than Inflation in Some Areas

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30 Year Fixed 4.11%   -0.02 15 Year Fixed 3.26%   -0.01 10YR Treasury 2.36%   -0.0407 FNMA 30YR 3.5 102.83   +0.17 FNMA 15YR 2.5 103.53   +0.14 View Today's Rates

Wednesday August 27, 2014 Mortgage Rate Watch - 4:35PM Mortgage Rates Closing in on 2014 Lows Mortgage rates fell by an almost imperceptible amount today. Some lenders were actually unchanged or slightly higher. The actual NOTE rates quoted today would be identical to yesterday ... MND NewsWire - 1:16PM Housing Market Normalizing... Very Slowly Freddie Mac said today that the housing recovery continues to be a primarily local phenomenon . While markets with strong economies and favorable demographics are continuing to improve ... MND NewsWire - 9:52AM Mortgage Applications Rise despite Directionless Rates Applications for both home purchase and refinancing increased during the week ended August 22. The Mortgage Bankers Association said that its Market Composite Index, a measure of application ... MND NewsWire - 1:11PM Home Price Increases Lower than Inflation in Some Areas Home prices have now increased on a quarterly basis 12 consecutive times. The Federal Housing Finance Agency (FHFA) said yesterday that the 12 th increase in its purchase-only seasonally ... Black Knight Provide Sneak Peak at July Mortgage Data Strong 2nd Quarter for Mortgage Banks; Cash vs. Security Sales Primer; New Program for Service Members MBS MID-DAY: Bonds Bounce Back After Brief Morning Sell-Off Latest Video People too optimistic about 2015 housing: Economist Santelli Exchange: Fed & monetary velocity Santelli Exchange: Relative value trade More News from 'Around the Web' Reuters - 4:48PM JPMorgan attacked by Russian computer hackers: report PR Newswire - 4:46PM CoreLogic Reports 45,000 Completed Foreclosures in July CNBC - 2:50PM Two big problems in the job market DataQuick - 1:19PM July Las Vegas Region Home Sales Press Release WSJ - 1:18PM New Proposal Could Raise Mortgage Costs, Report Says CNBC - 11:15AM CBO: 2014 budget deficit projected $506B webfeeds.brookings.edu - 11:13AM The Federal Debt: All You Need to Know in Three Minutes freddiemac.mwnewsroom.com - 10:26AM Housing Markets Stabilizing, Fundamentals Normalizing Washington Post - 8:41AM Why immigrants weathered the housing bust better than the U.S.-born population CNBC - 8:40AM US mortgage volume ekes out gain on tiny drop in rates WSJ - 1:42AM 2008 Meltdown Was Worse Than Great Depression, Bernanke Says WSJ - 1:38AM Strategies for Pricing Your Home CNBC - 1:33AM This central bank may call bond yields for now Reuters - 1:33AM Euro close to cracking on ECB talk, shares on the up Today's Rates Best Execution Rate Change 30 Yr FRM 4.11% -0.02 15 Yr FRM 3.26% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.98% -0.02 5/1 Yr ARM 3.21% -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 4.10% 0.50 -0.02 15 Yr. Fixed 3.23% 0.60 -0.01 1 Yr. ARM 2.38% 0.50 +0.02 5/1 Yr. ARM 2.95% 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 99.38 +0.27 30YR FNMA 3.5 102.83 +0.17 30YR GNMA 3.0 101.23 +0.20 30YR GNMA 3.5 103.91 +0.19 15YR FNMA 3.0 103.53 +0.14 15YR FNMA 2.5 101.17 +0.14 Treasuries Yield Change 2 YR 0.5157% +0.0198 5 YR 1.6365% -0.0249 10 YR 2.3573% -0.0407 30 YR 3.1008% -0.0582 Prices as of: 8/27/2014 4:31PM 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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