Daily Newsletter: Mortgage Rates Hold Ground After Big Drop; Foreclosed Inventory Heading Under 500k; MBA splits Credit Availability Index

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30 Year Fixed 4.13%   +0.00 15 Year Fixed 3.30%   +0.00 10YR Treasury 2.44%   +0.0519 FNMA 30YR 3.5 102.66   -0.22 FNMA 15YR 2.5 103.31   -0.13 View Today's Rates

Thursday October 2, 2014 Mortgage Rate Watch - 3:13PM Mortgage Rates Little Changed After Yesterday's Big Drop Mortgage rates were mixed today , depending on the lender. Some rate sheets were slightly better or worse than yesterday's latest, but the broader average was unchanged. This happened ... MND NewsWire - 1:30PM Foreclosure Inventory to fall below Half-Million by Year-End CoreLogic said this morning that over the last 10 years the number of completed foreclosures in the U.S. has been the equivalent of 15 percent of all mortgage homes . The company's ... MND NewsWire - 10:59AM MBA Introduces Two Measures of Credit Availability Along with its monthly report on mortgage credit availability (MCAI) the Mortgage Bankers Association (MBA) has introduced two new measures, a conventional index and a government index ... MBS Commentary - 12:40PM MBS MID-DAY: Bond Markets Tuned in to Stock Volatility It's one thing for bond markets to ignore stock markets when the latter is moving less than a quarter of a percent day-over-day. That's been the case on most days, but today, S&P ... Mutual of Omaha and Guild Align; Correspondent Investor Update MBS Day Ahead: Is There Such Thing as Too Much of a Rally? Latest Video Santelli: Let's get perspective from 10-Year Santelli Exchange: Treasury deniers What's wrong with the US economy More News from 'Around the Web' Reuters - 3:29PM Pimco had $25.5 billion net outflows across U.S. open-end funds WSJ - 2:22PM 5 Things To Watch in the U.S. Jobs Report Bloomberg - 2:19PM Humans Lose to Machines in $500 Billion-a-Day Bond Market - Bloomberg Washington Post - 2:19PM Can Europe's mini-QE save it from a lost decade? CNBC - 1:16PM Investors still like rentals CNBC - 1:16PM JPMorgan finds 2nd security breach: NYT Reuters - 1:16PM Fed's Dudley urges key changes to Libor rate Washington Post - 12:08PM China warns Hong Kong protesters of 'unimaginable' consequences Bloomberg - 12:06PM Fed Faulted Over Foreclosure Accord in Watchdog's Report - Bloomberg www.cfpbmonitor.com - 12:06PM U.S. Supreme Court grants certiorari (again) in FHA disparate impact case Reuters - 10:33AM U.S. factory orders post record decline on aircraft payback freddiemac.mwnewsroom.com - 10:32AM Freddie Mac Issues Monthly Volume Summary for August 2014 Market Watch - 10:32AM Bond Report: Treasurys fall after biggest gain in nine months Bloomberg - 10:32AM Texas Housing-Bias Case Gets US Supreme Court Review - Bloomberg Reuters - 8:58AM U.S. jobless claims fall in sign of labor market strength WSJ - 8:46AM World Torn Between ECB and Fed Paths, WSJ Survey Shows www.cfpbmonitor.com - 8:44AM CFPB updates reverse mortgage guide www.gallup.com - 8:44AM U.S. Payroll to Population Rate Stable at 44.8% in September DataQuick - 12:11AM August Seattle Region Home Sales Press Release Washington Post - 12:11AM Here is how much JPMorgan has done to help struggling homeowners Today's Comments MND NewsWire - 8:02AM "I SECOND that! It only took the government 6 years and so many lost their homes for the exact same thing. Not only Flagstar but many, many companies that we still use and believe benefit us today...." Today's Rates Best Execution Rate Change 30 Yr FRM 4.13% +0.00 15 Yr FRM 3.30% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 4.00% +0.00 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 4.19% 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 99.11 -0.27 30YR FNMA 3.5 102.66 -0.22 30YR GNMA 3.0 101.08 -0.30 30YR GNMA 3.5 103.77 -0.20 15YR FNMA 3.0 103.31 -0.13 15YR FNMA 2.5 100.91 -0.14 Treasuries Yield Change 2 YR 0.5395% +0.0238 5 YR 1.7024% +0.0326 10 YR 2.4375% +0.0519 30 YR 3.1516% +0.0581 Prices as of: 10/2/2014 3:52PM 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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