Daily Newsletter: Mortgage Rates Near 1-Month Highs; All-Cash Sales at 6-Year Low; Advice on Competitive REO Market

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30 Year Fixed 4.18%   +0.03 15 Year Fixed 3.33%   +0.02 10YR Treasury 2.50%   +0.0288 FNMA 30YR 3.5 102.47   -0.19 FNMA 15YR 2.5 103.31   -0.19 View Today's Rates

Tuesday September 9, 2014 Mortgage Rate Watch - 3:12PM Mortgage Rates Near 1-Month Highs Mortgage rates finally delivered an unequivocal performance today. Unfortunately, it wasn't the kind we were hoping for. Rates moved higher at their fastest pace in weeks, reaching ... MND NewsWire - 2:38PM All-Cash Sales Fall to Six-Year Low The market share of all-cash home sales continues to fall and in June made up the lowest share since the beginning of the financial crisis . CoreLogic said today that cash sales comprised ... MND NewsWire - 1:30PM Competition for REOs Heating up; Due Diligence Key to a Winning Bid Freddie Mac's HomeStep program, the vehicle through which the company sells its foreclosed property or REO, is experiencing increased numbers of multiple offers on its property a company ... MBS Commentary - 12:13PM MBS MID-DAY: September Retreat Continues for Bond Markets Negative momentum has been pervasive in September so far. Even the brief rally after Friday's jobs report failed to get yields back down to Thursday's lows. Normally, we'd expect that ... Morgan Stanley Settles, MI Operating Stats & USMI Weighs in on PMIERs MBS Day Ahead: Negative Trend Intact for Bond Markets, but for how Long? Latest Video Fed's endangered phrase Where yields are going next Gundlach: No reason to raise rates More News from 'Around the Web' CNBC - 2:49PM Putin's real motive in Ukraine CNBC - 2:49PM Pimco exec: Fed HAD to pump up market CFPB - 2:45PM Reminder for steps you can take if you think your credit or debit card data was hacked WSJ - 1:13PM Americans Earned Less, Spent Less in 2013 — But Spent More on Health Care and Housing The Big Picture - 1:13PM The ABCs of ECB's QE WSJ - 11:19AM Fed Frets About Market Rate Expectations CNBC - 11:18AM Becoming a millionaire real estate crowdfunder Reuters - 10:49AM U.S. job openings hold near 13-year high in July Bloomberg - 10:46AM Greenspan Says Rebound Hindered as Construction Dead in Water - Bloomberg CNBC - 10:44AM Gundlach: Rates will remain stable through 2014 www.gallup.com - 9:16AM U.S. Weekly Economic Confidence Index in Doldrums at -17 CNBC - 9:16AM The American dream lives on for most teens: Survey rss.nytimes.com - 9:15AM Are Subprime Mortgages Coming Back? Bloomberg - 9:15AM S&P Faces Squeeze After $1.3 Billion Countrywide Fine - Bloomberg Market Watch - 9:15AM Bond Report: 10-year Treasury yield eyes highest close in six weeks CNBC - 9:14AM Morgan Stanley to pay $95M in settlement Today's Rates Best Execution Rate Change 30 Yr FRM 4.18% +0.03 15 Yr FRM 3.33% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.06% +0.02 5/1 Yr ARM 3.24% +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 3.24% 0.50 -0.01 1 Yr. ARM 2.40% 0.40 +0.01 5/1 Yr. ARM 2.97% 0.50 +0.00 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 98.66 -0.25 30YR FNMA 3.5 102.47 -0.19 30YR GNMA 3.0 100.67 -0.22 30YR GNMA 3.5 103.56 -0.25 15YR FNMA 3.0 103.31 -0.19 15YR FNMA 2.5 100.84 -0.20 Treasuries Yield Change 2 YR 0.5558% +0.0240 5 YR 1.7584% +0.0430 10 YR 2.4982% +0.0288 30 YR 3.2288% +0.0066 Prices as of: 9/9/2014 4:26PM 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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