Daily Newsletter: No Surprise: Final QRM Rule Closely Follows QM; Best Existing Sales of 2014; Rates Sideways to Higher

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30 Year Fixed 3.95%   +0.01 15 Year Fixed 3.13%   +0.01 10YR Treasury 2.23%   +0.0370 FNMA 30YR 3.5 103.73   -0.06 FNMA 15YR 2.5 104.14   -0.06 View Today's Rates

Tuesday October 21, 2014 MND NewsWire - 3:03PM No Surprise: Final QRM Rule Closely Follows QM Financial regulators on Tuesday finally released the final rule defining Qualified Residential Mortgages (QRM). The definition is intended to determine which loans are exempt from the ... MND NewsWire - 11:44AM Existing Homes Selling at Year's Fastest Pace Existing home sales, which ended four straight months of gains with a 1.8 percent decline in August, bounced back in September the National Association of Realtors® (NAR) said today ... Mortgage Rate Watch - 4:18PM Mortgage Rates Sideways to Slightly Higher Mortgage rates continue to bide their time , holding just under 4 percent on average. Some borrowers might see their quote move up .125% from yesterday, but others will be quoted the ... Pipeline Press - 10:57AM NY Finally has its own MBA; Accronym Update: QRM, NMLS, CFPB, FHFA, & HUD I was dealt a serious setback yesterday here at the MBA conference, being held in the immense Four Seasons, Mandalay, Delano, conference center complex. While among the slot machines ... MBS Day Ahead: Will Bonds Continue to Defy Stocks? MBA's Stevens: No Sense Pining for the way it used to be Latest Video Yields now likely to rise: Larry McDonald The housing paradox Existing home sales up 2.4% More News from 'Around the Web' Market Watch - 4:03PM Yes, 100% of economists were dead wrong about yields mba.informz.net - 3:10PM Stevens Statement Regarding Final Risk Retention Rule Market Watch - 2:47PM Ocwen shares plunge 18% after backdating allegations CNBC - 1:36PM What investors think of the ECB bond buying rumor CNBC - 12:42PM Ocwen allegedly backdated thousands of letters: NY NAHB - 11:45AM Statement from NAHB Chairman Kevin Kelly on New Mortgage Market Standards Reuters - 10:29AM ECB looking at corporate bond buys Reuters - 10:25AM U.S. existing home sales hit one-year high in September WSJ - 10:25AM How Much Will Student Debt Drag on Housing? Bloomberg - 8:44AM Bankers Buried in Lawsuits Say New Loan Rules Fall Short - Bloomberg www.freddiemac.com - 8:43AM Three Ways Freddie Mac is Increasing Access to Credit Today's Rates Best Execution Rate Change 30 Yr FRM 3.95% +0.01 15 Yr FRM 3.13% +0.01 FHA 30 Year Fixed 3.40% +0.00 Jumbo 30 Year Fixed 3.90% +0.02 5/1 Yr ARM 3.22% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 4.20% 0.17 -0.10 15 Yr. Fixed 3.41% 0.28 -0.07 30 Yr. Jumbo 4.14% 0.10 -0.07 30 Yr. FHA 3.90% 0.08 -0.10 5/1 ARM 3.05% 0.38 -0.15 Freddie Mac ** 30 Yr. Fixed 3.97% 0.50 -0.15 15 Yr. Fixed 3.18% 0.50 -0.12 1 Yr. ARM 2.38% 0.40 -0.04 5/1 Yr. ARM 2.92% 0.50 -0.13 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 3.0 100.64 -0.13 30YR FNMA 3.5 103.73 -0.06 30YR GNMA 3.0 102.56 -0.19 30YR GNMA 3.5 104.83 -0.11 15YR FNMA 3.0 104.14 -0.06 15YR FNMA 2.5 102.05 -0.05 Treasuries Yield Change 2 YR 0.3665% +0.0120 5 YR 1.4294% +0.0259 10 YR 2.2252% +0.0370 30 YR 3.0006% +0.0382 Prices as of: 10/21/2014 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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