Daily Newsletter: Markets Invigorated by FOMC Minutes; MBS Outperform; Rates Lowest Since June 2013; Applications Increase

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30 Year Fixed 4.06%   -0.03 15 Year Fixed 3.25%   -0.03 10YR Treasury 2.32%   -0.0213 FNMA 30YR 3.5 103.56   +0.34 FNMA 15YR 2.5 103.86   +0.30 View Today's Rates

Wednesday October 8, 2014 MBS Commentary - 4:43PM MBS RECAP: Bond Markets Invigorated by FOMC Minutes; MBS Outperform There was a chance that much of the recent rally in bond markets had been due to the expectation that today's Fed Minutes would offer a softer side of what was seen as a ' hawkish ... Mortgage Rate Watch - 5:14PM Mortgage Rates Drop to 16-Month Lows After Fed Minutes Mortgage rates put on quite the show today, bringing the crowd to the edge of their seats before knocking it out of the park. Home-runs these days don't travel quite the same distance ... MND NewsWire - 10:44AM Mortgage Application Volume Increases as Rates Slide Mortgage application volume increased last week for the first time since the week ended September 12. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a ... Pipeline Press - 10:54AM Georgia vs Sun West; BofA Repurchase Requests; Lender USDA Updates Mortgage banker thwarts Zions Bank robbery?! Don Worthington with Primary Residential writes, "Our sales Manager Corey Lewis was on the phone with a customer while she was at the bank ... MBS Day Ahead: FOMC Minutes Today; High Stakes for Bond Markets Audit Says CFPB Mostly Doing a Good Job Latest Video Betting on health of housing Low interest rates: Cause and symptom? Santelli: Pitter patter of 'Janet-clause' More News from 'Around the Web' CNBC - 4:12PM Major debt shift for millennials and seniors Market Watch - 3:16PM Wells Fargo employee to CEO: I need a raise WSJ - 3:16PM Fed Leery Guidance Changes Might Be Misread Reuters - 2:39PM Geithner: AIG losses were exceptional compared with other firms Federal Reserve - 2:39PM Minutes of the Federal Open Market Committee, September 16-17, 2014 CNBC - 2:38PM Fed minutes show dovish slant; Market rallies Bloomberg - 1:31PM Treasuries Fall as 10-Year Sale Bids Lowest in 1 Year Before Fed - Bloomberg CNBC - 12:15PM Here's the 'doomsday' bond scenario CNN - 11:35AM Deficit drops yet again - sharply Washington Post - 10:48AM Data leak at largest U.S. bond insurer left personal accounts visible via a Google search Market Watch - 10:48AM Capitol Report: Fed should sell MBS at predictable pace during exit, Lacker says WSJ - 10:48AM What to Watch for in the Federal Reserve's September Meeting Minutes CNBC - 8:57AM Why Treasurys may be this quarter's best bet CNBC - 8:55AM Falling mortgage rates offer home buyers a push WSJ - 8:50AM Fed's Charles Evans 'Very Uncomfortable' With Calls to Raise Rates Today's Rates Best Execution Rate Change 30 Yr FRM 4.06% -0.03 15 Yr FRM 3.25% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.95% -0.02 5/1 Yr ARM 3.21% -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 4.30% 0.19 -0.03 15 Yr. Fixed 3.48% 0.32 -0.07 30 Yr. Jumbo 4.21% 0.29 -0.07 30 Yr. FHA 4.00% 0.15 -0.07 5/1 ARM 3.20% 0.37 -0.11 Freddie Mac ** 30 Yr. Fixed 4.19% 0.40 -0.01 15 Yr. Fixed 3.36% 0.50 +0.00 1 Yr. ARM 2.42% 0.40 -0.01 5/1 Yr. ARM 3.06% 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 3.0 100.27 +0.44 30YR FNMA 3.5 103.56 +0.34 30YR GNMA 3.0 102.08 +0.45 30YR GNMA 3.5 104.58 +0.36 15YR FNMA 3.0 103.86 +0.30 15YR FNMA 2.5 101.61 +0.34 Treasuries Yield Change 2 YR 0.4522% -0.0557 5 YR 1.5485% -0.0735 10 YR 2.3178% -0.0213 30 YR 3.0543% +0.0071 Prices as of: 10/8/2014 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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