Daily Newsletter: September New Home Sales Flat; HELOCs Rebound; Mortgage Rates Hold at 16 Month Lows

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30 Year Fixed 4.06%   -0.03 15 Year Fixed 3.25%   -0.03 10YR Treasury 2.33%   +0.0106 FNMA 30YR 3.5 103.44   -0.13 FNMA 15YR 2.5 103.77   -0.09 View Today's Rates

Thursday October 9, 2014 MND NewsWire - 10:29AM September New Home Sales Flat According to Applications Data Applications for mortgages with which to purchase new homes in September were essential unchanged in volume from August the Mortgage Bankers Association (MBA) said on Thursday. The ... Mortgage Rate Watch - 4:18PM Mortgage Rates Holding at 16 Month Lows The rally of the last 4 days continued this morning with the Fannie Mae 3.5 MBS opening up 7 ticks higher than yesterday’s close. The excitement was short lived as profit taking ... MND NewsWire - 2:31PM HELOC Lending Rebounds as Consumer Confidence, Equity Expand Home equity lines of credit or HELOCs accounted for over 15 percent of all 2014 home loan originations through the end of August. RealtyTrac, which released its first U.S. Home Equity ... Pipeline Press - 9:41AM Subprime IPO; The Confusing State of Mortgage Credit Capital Markets folks are always watching the MBS market. It is not a simple topic. For example, a "Catch-22" is preventing the issuance of non-agency mortgage bonds. Lenders shy from ... MBS MID-DAY: Moderate Weakness as Markets Consolidate Yesterday's Gains Mortgage Rates Drop to 16-Month Lows After Fed Minutes Georgia vs Sun West; BofA Repurchase Requests; Lender USDA Updates Mortgage Application Volume Increases as Rates Slide Latest Video Santelli Exchange: Tone of Fed minutes 30-Year bond auction results Millennial economics More News from 'Around the Web' Bloomberg - 3:20PM Freddie Mac Expands Into Small Apartment Mortgages Reuters - 3:17PM Former Fed Chair Bernanke takes stand in AIG bailout trial Market Watch - 3:16PM The Wall Street Journal: State attorneys general weight group to examine JP Morgan data breach blog.hud.gov - 2:19PM A Victory for a Fairer Housing Market WSJ - 2:19PM WSJ Survey: Most Economists Confident in Fed's Exit Tools Calculated Risk Blog - 2:19PM Housing: Appears Inventory build is Slowing in Previous Distressed Markets CNBC - 2:13PM Fed's Tarullo: New bank rule stricter CNBC - 11:17AM Janus's Gross: The global economy is slowing down CNBC - 10:04AM San Francisco housing: Time for a correction? WSJ - 8:12AM New York Fed Needed a Culture Change, Columbia Professor Says 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 4.12% 0.50 -0.07 15 Yr. Fixed 3.30% 0.50 -0.06 1 Yr. ARM 2.42% 0.40 +0.00 5/1 Yr. ARM 3.05% 0.50 -0.01 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 3.0 100.11 -0.16 30YR FNMA 3.5 103.44 -0.13 30YR GNMA 3.0 101.80 -0.28 30YR GNMA 3.5 104.34 -0.23 15YR FNMA 3.0 103.77 -0.09 15YR FNMA 2.5 101.52 -0.09 Treasuries Yield Change 2 YR 0.4482% -0.0040 5 YR 1.5696% +0.0211 10 YR 2.3284% +0.0106 30 YR 3.0647% +0.0104 Prices as of: 10/9/2014 4:30PM 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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