Daily Newsletter: Mortgage Rates at 1.5 Month Highs; Builder Confidence at 9 Year High; Applications Rebound; Markets React to Fed Announcement

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30 Year Fixed 4.25%   +0.02 15 Year Fixed 3.40%   +0.02 10YR Treasury 2.62%   +0.0238 FNMA 30YR 3.5 101.48   -0.09 FNMA 15YR 2.5 102.83   -0.06 View Today's Rates

Wednesday September 17, 2014 Mortgage Rate Watch - 5:30PM Mortgage Rates at 1.5 Month Highs After Fed Mortgage rates moved higher at a moderate pace today after the Fed reiterated their intentions regarding the gradual tightening of monetary policy. That policy has been one of the key ... MND NewsWire - 11:33AM Builder Confidence at near Nine Year High A four point jump in September has taken the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) to its highest reading since November of 2005. The increase ... MND NewsWire - 9:17AM Mortgage Applications Rebound, Offsets Labor Day Losses The week ended September 12 saw the losses in application volume which occurred during the previous week which was shortened by the Labor Day holiday mostly reversed. Mortgage application ... MBS Commentary - 5:19PM MBS RECAP: Stronger Start Followed by FOMC Sell-Off Leaves MBS Only Slightly Weaker As far as Fed days go, this one was pretty tame. That's especially true if we consider the amount of hype and anxiety associated with this particular Fed day. The total gap between ... Eminent Domain Update; GMFS/ZAIS/HF2 Combination; Virginia Lawsuit; New Penn's Non-QM Fact Sheet Differences Between Past and Current FOMC Statements MBS Day Ahead: Good Chance That Today is Crazy no Matter What the Fed Does Latest Video Fed mildly hawkish: Pro Conditions for ending QE next month Home builder confidence jumps to 59 More News from 'Around the Web' WSJ - 4:37PM Thinking About A New Home? Builders Throw in Freebies To Lure Buyers WSJ - 4:37PM Economists React to the Fed: Dovish Statement, Hawkish Projections WSJ - 3:52PM 5 Takeaways From the Fed September Meeting WSJ - 3:51PM Most Federal Reserve Officials Still See First Rate Hike In 2015 Market Watch - 3:43PM Wells Fargo CEO 'optimistic' on U.S. economy, 'bullish' about the future PR Newswire - 2:15PM Caliber Home Loans Announces Acquisition Of Cobalt Mortgage CNBC - 2:15PM Fed will end QE in Oct., 'considerable time' stays CNBC - 1:41PM FTC, CFPB against payday lenders www.cfpbmonitor.com - 1:39PM Florida and Connecticut AGs file lawsuit asserting Dodd-Frank enforcement authority The Big Picture - 1:39PM What Happens if the FOMC Gets Too Hawkish? Bloomberg - 12:18PM Radian Leads Mortgage Insurer Rally as Compass Point Says Buy - Bloomberg Washington Post - 12:18PM How the pay gap leads to the retirement savings gap CNN - 11:05AM Holder wants to boost payouts for Wall Street whistleblowers Google News - 10:22AM Interactive map shows 12 years and more than 100 million new mortgages in 24 seconds CNBC - 10:10AM Builder confidence at highest level since 2005 Fannie Mae - 10:10AM News Release - Results Show Large Lenders Expect Credit ... CNBC - 9:08AM Wall Street awaits Federal Reserve, Yellen speech Market Watch - 8:59AM Bond Report: Treasurys rise ahead of Fed statement CNBC - 8:52AM Mortgage applications, rates rise after holiday Bloomberg - 1:25AM Fed Decision Day Guide: Considerable Debate on Forward Guidance - Bloomberg Today's Rates Best Execution Rate Change 30 Yr FRM 4.25% +0.02 15 Yr FRM 3.40% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.10% +0.02 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 4.27% 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 97.69 -0.11 30YR FNMA 3.5 101.48 -0.09 30YR GNMA 3.0 99.92 -0.39 30YR GNMA 3.5 102.77 -0.38 15YR FNMA 3.0 102.83 -0.06 15YR FNMA 2.5 100.28 -0.08 Treasuries Yield Change 2 YR 0.5686% +0.0284 5 YR 1.8255% +0.0500 10 YR 2.6180% +0.0238 30 YR 3.3664% +0.0060 Prices as of: 9/17/2014 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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