Daily Newsletter: HELOC Resets Still a Concern: Rates Bounce Before Hitting 2014 Lows; Construction Spending at 5.5yr High; 11 States Set New Price Peaks

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30 Year Fixed 4.13%   +0.03 15 Year Fixed 3.28%   +0.02 10YR Treasury 2.42%   +0.0780 FNMA 30YR 3.5 102.66   -0.27 FNMA 15YR 2.5 103.53   -0.14 View Today's Rates

Tuesday September 2, 2014 MND NewsWire - 2:00PM HELOC Resets Still a Concern Home Equity Lines of Credit or HELOCs are one area of focus of the July Mortgage Monitor issued by Black Knight Financial Services on Tuesday. The company said there is still concern ... Mortgage Rate Watch - 3:42PM Mortgage Rates Bounce Higher Before Challenging 2014 Lows Mortgage rates were higher today, ending nearly a week and a half of modest improvements. While no individual day stood out during that time, the combined effect took rates extremely ... MND NewsWire - 1:31PM Construction Spending Highest Since December 2008 Construction spending in July was at a seasonally adjusted annual rate of $981.3 billion the Census Bureau said today--the highest since December 2008. That was an increase of 1.8 percent ... MND NewsWire - 1:38PM Eleven States Set New Home Price Peaks Home prices increased continued in July and those increases continue to be broad-based CoreLogic said on Tuesday. The company's Home Price Index (HPI) report says that prices nationwide ... FHFA Sets Affordable Housing Goals, Requesting Public Comment Angelo Mozilo Interview; NMLS & UST News; Lots of Agency News Including 203(k) Proposals MBS MID-DAY: Bond Markets Weaker to Start September; MBS Outperforming Latest Video Hottest fall housing markets Santelli Exchange: Central bank manipulation Eric Cantor heads to Wall Street More News from 'Around the Web' CNBC - 4:20PM Fed: Consumers have opted to 'hoard' rss.nytimes.com - 4:16PM DealBook: Federal Program Helps Keep Some Delinquent Borrowers in Their Homes CNN - 3:24PM The U.S. dollar is super strong now CNBC - 3:21PM Jobs report: A test for Yellen's theory Bloomberg - 3:20PM Bank of America Said Selling Debt Second Time After Fine - Bloomberg CNBC - 1:45PM Home Depot may have suffered data breach Bloomberg - 1:43PM FHFA Plans to Kick REITs Out of Home Loan System With New Rules - Bloomberg CNBC - 12:03PM Mortgage crisis looms for winter: Bove Bloomberg - 12:03PM N.Y. Targets Mortgage Discrimination With Evans Bank Suit - Bloomberg CNBC - 12:01PM The fall could see housing rise Reuters - 10:37AM Russian forces strengthening positions in Ukraine: Kiev military Reuters - 10:37AM U.S. construction spending hits highest level in 5-1/2 years www.cfpbmonitor.com - 10:17AM CFPB issues report on employee financial wellness CNBC - 10:16AM US manufacturing, construction sectors roar CNBC - 9:39AM US Treasurys slip, ECB stimulus in focus Bloomberg - 9:39AM Angelo Mozilo Speaks: No Villainy at Countrywide - Bloomberg www.lpsvcs.com - 9:30AM Black Knight's July Mortgage Data: At Least 2.5M HELOC Resets Face Average $250/Month Increase Market Watch - 12:27AM Aging population faces shortage of suitable, affordable housing NAFCU - 12:27AM FHFA proposes housing goals for GSEs Reuters - 12:26AM U.S. inflation bonds back in vogue Today's Comments MND NewsWire - 6:48PM "Ted, Don't write off FICO Score 9 so quickly. Remember that FICO bent to pressure from the CFPB. Emboldened as they are these days, the CFPB could apply significant pressure to the GOEs (except VA- they do whatever they want to do) to adopt the new model...." MBS Commentary - 2:07PM "lmao Matt... great update and good laughs too..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.13% +0.03 15 Yr FRM 3.28% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.01% +0.03 5/1 Yr ARM 3.22% +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 4.35% 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 +0.00 15 Yr. Fixed 3.25% 0.60 +0.02 1 Yr. ARM 2.39% 0.50 +0.01 5/1 Yr. ARM 2.97% 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 99.09 -0.42 30YR FNMA 3.5 102.66 -0.27 30YR GNMA 3.0 101.02 -0.38 30YR GNMA 3.5 103.75 -0.22 15YR FNMA 3.0 103.53 -0.14 15YR FNMA 2.5 101.11 -0.14 Treasuries Yield Change 2 YR 0.5276% +0.0355 5 YR 1.6856% +0.0573 10 YR 2.4211% +0.0780 30 YR 3.1761% +0.0969 Prices as of: 9/2/2014 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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