Daily Newsletter: Home Buyers Sidelined by Misconceptions; 25 Year High for Rental Construction; Volatility Ahead for Rates; Positive 2014 Trend at Risk

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30 Year Fixed 4.24%   +0.00 15 Year Fixed 3.39%   +0.00 10YR Treasury 2.59%   -0.0200 FNMA 30YR 3.5 101.63   +0.16 FNMA 15YR 2.5 102.88   -0.17 View Today's Rates

Monday September 15, 2014 MND NewsWire - 12:15PM Potential Home Buyers Sidelined by Misconceptions Lack of knowledge and misinformation may be discouraging Americans from buying a home according to a recent survey sponsored by Wells Fargo &Company. The survey, conducted in June ... MND NewsWire - 2:19PM Homeownership Slump Drives Rental Construction to 25 Year High Much has been made lately over the propensity of so-called millennials, the demographic cohort which is now between 18 and 34 years of age, to forgo homeownership. In its September ... Mortgage Rate Watch - 4:22PM Mortgage Rates Hold Steady; Volatility Ahead Mortgage rates managed to hold steady today, which matches the very best performance of any other day in September. In other words, rates have either been flat or higher every day for ... MBS Commentary - 7:27AM MBS Day Ahead: Bonds at Risk of Confirming Death of Positive 2014 Trend As Treasury yields and mortgage rates spiraled rapidly higher over the past two weeks, 2014's steady trend toward lower rates quickly strayed into vulnerable territory. Specifically ... Lead Generator Bank Settle Suits; Agency Updates; Fed Week Recapping Recent Proposed Mortgage Rule Changes Latest Video Rate hikes on the way? Fed trajectory: 3, 5, 10 years New way to sell real estate More News from 'Around the Web' WSJ - 4:22PM Income Inequality Pressures State Tax Revenue, S&P Says www.aei.org - 3:08PM Third international conference on housing risk presentations Bloomberg - 1:20PM Treasury to Push for Clarity in Mortgage-Bond Ratings - Bloomberg Washington Post - 1:20PM What to watch when the Fed meets this week CNBC - 11:54AM Mortgages are not so hard to get: Survey freddiemac.mwnewsroom.com - 11:54AM Freddie Mac September 2014 U.S. Economic and Housing Market Outlook www.wellsfargo.com - 9:54AM Wells Fargo Survey Reveals Consumer Views on Homebuying Market Watch - 9:53AM Bond Report: Treasurys eye first rise in eight sessions Reuters - 9:53AM Automobiles drag U.S. factory production lower Reuters - 9:07AM OECD slashes growth forecasts, urges aggressive ECB action CNBC - 9:04AM NY Fed's September Empire Manufacturing Survey at 27.54 vs 16.0 expected Market Watch - 9:03AM What millennials want in a home Reuters - 9:01AM Wells Fargo finds mortgage myths hamper home purchases www.latimes.com - 12:30AM Housing price cuts point to a shift in Southland market CNBC - 12:10AM Why Trulia now wants to rent you a home Reuters - 12:03AM Bets on hawkish Fed lift dollar, U.S. bond yields Bloomberg - 12:02AM Bond Market Dispels Inflation Alarm as Fed Ends $3 Trillion QE - Bloomberg Today's Rates Best Execution Rate Change 30 Yr FRM 4.24% +0.00 15 Yr FRM 3.39% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.09% -0.01 5/1 Yr ARM 3.25% +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 4.27% 0.25 +0.02 15 Yr. Fixed 3.44% 0.28 -0.04 30 Yr. Jumbo 4.15% 0.23 -0.07 30 Yr. FHA 3.97% 0.08 -0.02 5/1 ARM 3.12% 0.45 -0.07 Freddie Mac ** 30 Yr. Fixed 4.12% 0.50 +0.02 15 Yr. Fixed 3.26% 0.50 +0.02 1 Yr. ARM 2.45% 0.40 +0.05 5/1 Yr. ARM 2.99% 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 97.84 +0.23 30YR FNMA 3.5 101.63 +0.16 30YR GNMA 3.0 100.25 +0.23 30YR GNMA 3.5 103.20 +0.20 15YR FNMA 3.0 102.88 -0.17 15YR FNMA 2.5 100.33 -0.11 Treasuries Yield Change 2 YR 0.5442% -0.0201 5 YR 1.7904% -0.0265 10 YR 2.5887% -0.0200 30 YR 3.3390% -0.0034 Prices as of: 9/15/2014 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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