Daily Newsletter: New Home Mortgage Applications Softened in August; Rates Hold 1-Month Highs; Foreclosures up for 1st Time in 4 Years

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30 Year Fixed 4.21%   +0.00 15 Year Fixed 3.36%   +0.00 10YR Treasury 2.55%   +0.0181 FNMA 30YR 3.5 101.75   -0.09 FNMA 15YR 2.5 103.16   -0.05 View Today's Rates

Thursday September 11, 2014 MND NewsWire - 1:43PM New Home Mortgage Applications Softened in August The Mortgage Bankers Association's (MBA's) measure of new home sales reflected a significant drop in the volume of applications for mortgages to purchase those homes in August. Data ... Mortgage Rate Watch - 3:00PM Mortgage Rates Essentially Unchanged at 1-Month Highs Mortgage rates were essentially unchanged today. Most lenders were microscopically lower in terms of closing costs, though several went the other direction. On average, the movement ... MND NewsWire - 1:42PM First Increase Since 2010 for Annual Foreclosure Rate Foreclosure activity increased significantly in August according to the U.S. Foreclosure Market Report released Thursday by RealtyTrac. The increase included the first year-over-year ... MBS Commentary - 12:05PM MBS MID-DAY: Tenuously Holding Modest Improvement Ahead of 30yr Auction After 8 days in throes of volatility and weakness, bond markets are finally catching a small break today. For now, it's no more than a half-hearted pause in an otherwise determined ... Citi's Down to How Many States? FHLB Primer; More on USDA Changes MBS Day Ahead: Longer Term Trend at Risk Latest Video Jobless claims 315, 000 Q2 GDP revised upwards White House: US joining EU in intensifying Russian sanctions More News from 'Around the Web' Bloomberg - 4:04PM Treasury Auctions Attract Most Foreign Demand Since February - Bloomberg www.ecb.europa.eu - 4:04PM Speech Mario Draghi: Keynote speech at the Eurofi Financial Forum WSJ - 3:35PM Loan Forgiveness Isn't the Best Use of Government Resources, Paper Says Washington Post - 3:35PM House approves bill allowing businesses to keep canceled health care plans until 2019 Bloomberg - 3:35PM US Budget Deficit for 11 Months Shrinks 22% as Economy Grows - Bloomberg DataQuick - 1:15PM August Bay Area Home Sale Press Release WSJ - 1:15PM Fewer Economists See Fed Rate Hikes Starting Before Next Summer Realtor.Org - 1:14PM About That FHA Prepayment Penalty . . . freddiemac.mwnewsroom.com - 10:32AM Mortgage Rates Continue to Show Little Movement Reuters - 9:18AM U.S. jobless claims rise unexpectedly, but still at pre-recession levels Market Watch - 9:18AM Bond Report: Treasurys rise for first session in six CNN - 9:14AM First rise in foreclosure auctions in nearly four years CNBC - 9:13AM How to shop for the best mortgage rate CNBC - 9:13AM Foreclosure activity picks up in August www.federalregister.gov - 9:13AM 2015-2017 Enterprise Housing Goals Today's Comments MND NewsWire - 1:23AM "Yikes! Purchase volume down, refi volume even more so, and rates trending up. Looks like it could be a tough Christmas for originators' families!..." MND NewsWire - 10:33AM "Actually this does not look like anything other than a typical back-to-school/fall activity slow down... Pre-bubble levels (late 90's/early 00's - at least here in Florida) used to always illustrate this type of activity. I'd like to interpret the data as a return to a more normalized market comprised..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.21% +0.00 15 Yr FRM 3.36% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.07% -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 98.00 -0.08 30YR FNMA 3.5 101.75 -0.09 30YR GNMA 3.0 100.39 -0.08 30YR GNMA 3.5 103.23 -0.08 15YR FNMA 3.0 103.16 -0.05 15YR FNMA 2.5 100.58 -0.05 Treasuries Yield Change 2 YR 0.5640% -0.0079 5 YR 1.7934% +0.0051 10 YR 2.5505% +0.0181 30 YR 3.2772% +0.0067 Prices as of: 9/11/2014 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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