Daily Newsletter: Mortgage Rates Improve Modestly Before Fed Announcement; Housing Implications of Millennials Moving Out; Bankrate Probe

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30 Year Fixed 4.23%   -0.01 15 Year Fixed 3.38%   -0.01 10YR Treasury 2.59%   +0.0055 FNMA 30YR 3.5 101.58   -0.05 FNMA 15YR 2.5 102.89   +0.02 View Today's Rates

Tuesday September 16, 2014 Mortgage Rate Watch - 3:12PM Mortgage Rates Improve Modestly Before Important Fed Announcement Mortgage rates experienced their first genuine improvement of the month today. The gains were nothing if not very small, but they ended an uncommonly long 11 business day streak of ... MND NewsWire - 4:08PM Housing Market Implications of Millennials Moving Out As the U.S. economy improves and adds jobs, younger Americans-millennials-are slowly starting to move out from their parents' basements , where a record number of them have been living ... Pipeline Press - 10:43AM SEC Probe of Bankrate; AmeriSave & CertusBank; Impac, Macquarie, and Non-QM How can we move forward as an industry when we can't even agree on how to pronounce the acronym for Truth-in-Lending? I have heard "TILA" pronounced "tee-luh" and also pronounced "till ... MBS Commentary - 7:33AM MBS Day Ahead: Today Suffers From One Major Issue: It's Not Tomorrow What are we even supposed to do with today? Whether from the standpoint of market participant or market watcher, there's precious little to care about today when we all know it's tomorrow ... Homeownership Slump Drives Rental Construction to 25 Year High Potential Home Buyers Sidelined by Misconceptions Latest Video Best places to live in America Real estate's changing landscape: Barrack Fed rethinking 'considerable time': Pro More News from 'Around the Web' CNN - 4:04PM I lost my home and moved across town Reuters - 4:03PM Virginia sues 13 banks for $1 billion over alleged mortgage bond fraud WSJ - 4:02PM Why One Homeowner Refused City's Mortgage-Seizure Proposal Bloomberg - 4:02PM HUD Will Work With Lenders to Promote Homeownership, Castro Says - Bloomberg CNBC - 2:43PM BofA loses $6 bln in consumer fee cuts CNBC - 1:11PM Millennials start leaving parents' homes Bloomberg - 1:11PM Lawsky Opens Investigation into Predatory Lending - Bloomberg WSJ - 1:11PM Hilsenrath: How the Federal Reserve Could Tweak 'Considerable Time' Reuters - 11:48AM U.S. CEOs gloomier about hiring, spending plans: survey WSJ - 11:48AM Did Your Local Economy Beat the U.S. In 2013? This Chart Will Tell You Reuters - 10:46AM Bankrate reveals SEC probe, says CFO resigns blog.redfin.com - 10:03AM The Pros and Cons of a Large Condo Complex Bloomberg - 9:01AM Seattle Stiletto Tower Shows Bet on Mixed-Use Real Estate - Bloomberg CNBC - 8:57AM What to REALLY look for in Yellen's words blogs.wsj.com - 8:55AM The Case for Fed Patience on Rates Reuters - 8:54AM U.S. producer prices unchanged in August Today's Comments MND NewsWire - 6:26PM "Is Wells Fargo survey credible or self-serving?..." MND NewsWire - 9:26AM "How would the survey be self-serving? It may be that too few people were polled to skew the survey but what purpose does the survey serve Wells Fargo?..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.23% -0.01 15 Yr FRM 3.38% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.08% -0.01 5/1 Yr ARM 3.24% -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 97.80 -0.05 30YR FNMA 3.5 101.58 -0.05 30YR GNMA 3.0 100.31 +0.06 30YR GNMA 3.5 103.14 -0.06 15YR FNMA 3.0 102.89 +0.02 15YR FNMA 2.5 100.36 +0.03 Treasuries Yield Change 2 YR 0.5402% -0.0040 5 YR 1.7755% -0.0149 10 YR 2.5942% +0.0055 30 YR 3.3604% +0.0214 Prices as of: 9/16/2014 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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