Daily Newsletter: Mortgage Rates Continue Benefiting From Overseas Risks; Fannie and Freddie Turning Smaller Profits; Delinquency Rate at 2007 Levels

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30 Year Fixed 4.18%   -0.04 15 Year Fixed 3.29%   -0.04 10YR Treasury 2.41%   -0.0559 FNMA 30YR 3.5 102.63   +0.30 FNMA 15YR 2.5 103.58   +0.16 View Today's Rates

Thursday August 7, 2014 Mortgage Rate Watch - 3:50PM Mortgage Rates Continue Benefiting From Overseas Risks Mortgage rates moved moderately lower today as bond markets benefited from overseas risks. These risks take several forms at the moment, ranging from the risk of further economic deterioration ... MND NewsWire - 12:51PM GSEs Report Decent, Not Stunning, Quarterly Results Freddie Mac and Fannie Mae each reported out another successful financial quarter today as each continued to reduce their respective distressed loan portfolios, replacing them with ... MBS Commentary - 12:17PM MBS MID-DAY: US Bond Markets Reluctantly Stronger as Europe hits Another All-Time Low When we reference "European bond markets," we're talking about the undisputed benchmark for the Eurozone: German Bunds. It's important to keep in mind that Germany is the political ... MND NewsWire - 4:11PM Fifth Consecutive Drop Leaves Delinquency Rate at 2007 Levels The delinquency rate for one-to-four unit residential mortgages decreased for the fifth consecutive time in the second quarter of 2014. The resulting seasonally adjusted rate of 6.04 ... How to Make Construction Data Less Gloomy? Add in Employment and Prices! Why Mergers Work - Or Don't; Non-QM Continues to Grow; What is RMBS 3.0? MBS Day Ahead: "What Ends This?" (Bond Market Stagnation) Part 2 Latest Video 10-Year below 2% within 6 months: Sri-Kumar Santelli: Yields lowest ever in euro zone Weekly jobless claims 289,000 More News from 'Around the Web' CNBC - 4:20PM The job market really may be healing WSJ - 4:20PM Economists Still Betting on Mid-2015 Fed Rate Rise, WSJ Survey Shows WSJ - 3:42PM Consumer Borrowing Posts Weak Growth Bloomberg - 2:48PM Berkowitz Cuts Fairholme Stakes in Fannie, Freddie Stock - Bloomberg WSJ - 2:47PM How Low Can Jobless Claims Go? WSJ - 1:41PM WSJ Survey: More Worry that Housing Will Cave In NAHB - 1:41PM Builder Confidence in the 55+ Housing Market Shows Positive Signs in the Second Quarter Bloomberg - 12:53PM The Disastrous Bet Against Bonds Bears Just Can't Refuse - Bloomberg Federal Reserve - 12:53PM Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households Google News - 12:51PM Specialty mortgage servicers: what's the big deal? WSJ - 11:27AM Rising Wages a Desired Outcome of Fed Policy NAHB - 10:24AM Housing Recovery Continues at Slow Pace According to Latest Leading Markets Index Reuters - 10:22AM Fannie Mae, Freddie Mac to send U.S. Treasury $5.6 billion freddiemac.mwnewsroom.com - 10:22AM Mortgage Rates Mixed Bloomberg - 10:22AM Radian Surges as Mortgage Insurer Posts Profit - Bloomberg WSJ - 10:22AM Foreclosure Starts Hit Pre-Crisis Low Fannie Mae - 10:22AM News Release - First Phase of Housing Recovery Decelerates ... WSJ - 9:34AM How Weak Is Housing? Five Charts Tell the Story CNBC - 9:33AM BofA board backs settlement; announcement soon Market Watch - 9:32AM Bond Report: Treasurys eye a fifth day of gains Today's Comments MBS Live Chat - 2:37PM "if I had one closing in less than 10, I would maybe..." MBS Live Chat - 2:38PM "if I get a rp better i will..." MBS Live Chat - 2:38PM "definitely wouldn't lock anything unless you get a reprice..." MBS Live Chat - 2:40PM "depends on the close today, if we close where we are now it's float boat time..." MBS Live Chat - 2:42PM "I want to believe......" MBS Live Chat - 2:42PM "You think this rally's going to hold through until tomorrow?..." MBS Live Chat - 2:44PM "my only concern with floating would be stocks have pulled back a bunch in Europe and they could have a relief rally tomorrow which probably wouldn't help us..." MBS Live Chat - 2:43PM "looks like issues with Ukraine is driving this...that is not likely to be solved overnight..." MBS Live Chat - 2:44PM "but it seems to me the effects of Ukraine and other geopolitical events seem to ebb and flow...." MBS Live Chat - 2:44PM "Agreed. Never like floating through to a Friday though. And the Ukraine issues continue to occur and then dissipate into nothing...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.18% -0.04 15 Yr FRM 3.29% -0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.02% -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 +0.02 15 Yr. Fixed 3.51% 0.28 +0.04 30 Yr. Jumbo 4.26% 0.35 +0.04 30 Yr. FHA 4.06% 0.02 +0.03 5/1 ARM 3.32% 0.35 +0.01 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 98.89 +0.38 30YR FNMA 3.5 102.63 +0.30 30YR GNMA 3.0 100.86 +0.30 30YR GNMA 3.5 103.80 +0.41 15YR FNMA 3.0 103.58 +0.16 15YR FNMA 2.5 101.20 +0.23 Treasuries Yield Change 2 YR 0.4325% -0.0278 5 YR 1.5971% -0.0492 10 YR 2.4131% -0.0559 30 YR 3.2239% -0.0453 Prices as of: 8/7/2014 4:30PM 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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