Daily Newsletter: Mortgage Rates Finish Higher; Advocating for Private Mortgage Market; Applications Little-Changed, but FHA/VA Gain Market Share

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30 Year Fixed 4.05%   +0.01 15 Year Fixed 3.23%   +0.01 10YR Treasury 2.37%   +0.0108 FNMA 30YR 3.5 103.02   -0.33 FNMA 15YR 2.5 103.83   +0.02 View Today's Rates

Wednesday November 12, 2014 Mortgage Rate Watch - 5:03PM Mortgage Rates Finish Higher After Starting Strong Mortgage rates began the day lower , but not too far from Monday's latest levels. As the day progressed, the bond markets that underlie rate movements grew progressively weaker. Most ... MND NewsWire - 3:34PM Treasury Official Advocates Private Mortgage Market Development Seven years after the financial crisis the private label securities (PLS) market is "barely clinging to life" , a Treasury official said on Wednesday. Michael Stegman, counselor to ... MND NewsWire - 10:16AM Mortgage Apps Little Changed; FHA/VA Gain Market Share Mortgage application volume declined slightly in all but one category during the week ended November 7. The Mortgage Bankers Association said that its Market Composite Index, a measure ... MBS Commentary - 7:40AM MBS Day Ahead: Limited Calendar But Important 10yr Treasury Auction As bond markets get back to business today, the afternoon's 10yr Note auction will be important one way or another . Actually, that could be said with more certainty about the week ... MBS RECAP: Bond Markets Start Strong, but Slide into Negative Territory Latest Fannie Mae Housing Survey Says: Good Time to Sell Credit Not Driving Demand; Mortgage Market Needs a Boost -Wells Fargo Latest Video Housing recovery & blaming millennials JPMorgan whistleblower speaks out Trading homebuilders: Pros & cons More News from 'Around the Web' CNBC - 5:27PM The 10 most expensive US real estate markets CNBC - 4:21PM Millennials driving rental market: Pro Bloomberg - 3:22PM Mortgage-Bond Recovery Needs Bigger Buyers, JPMorgan Says - Bloomberg WSJ - 3:22PM Fed's Kocherlakota Says Raising Rates in 2015 Would Be a Mistake CNN - 3:22PM The home improvement business is booming DataQuick - 3:09PM October Southland Home Sales Press Release WSJ - 1:33PM Charlotte Seeing Spec Projects As Office Market Heats Up WSJ - 1:30PM Why Are So Many Workers Still Part Time? Seven Charts Bloomberg - 1:28PM Treasuries Pare Advance After $24 Billion Sale of 10-Year Notes - Bloomberg Bloomberg - 12:30PM Treasury Urges Issuers, Buyers to Make Benchmark MBS - Bloomberg Bloomberg - 11:17AM Bank of America Won't Loosen Mortgage Standards, CEO Says - Bloomberg Washington Post - 10:40AM What happens when housing for the poor is remodeled for Millennials WSJ - 10:08AM Where Veterans Are — and Aren't — Living WSJ - 10:08AM Fed's Plosser: Raise Rates Soon or Risk Falling Behind the Curve blog.redfin.com - 10:07AM 23 Signs You Live in San Francisco, or Need to Move There Calculated Risk Blog - 10:05AM NFIB: Small Business Optimism Index Increases in October Market Watch - 8:53AM 5 most expensive and 5 most affordable housing markets for an executive home CNBC - 8:48AM Mortgage volume stalls with rates Today's Rates Best Execution Rate Change 30 Yr FRM 4.05% +0.01 15 Yr FRM 3.23% +0.01 FHA 30 Year Fixed 3.60% +0.05 Jumbo 30 Year Fixed 3.94% +0.01 5/1 Yr ARM 3.22% -0.01 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 4.02% 0.50 +0.04 15 Yr. Fixed 3.21% 0.50 +0.08 1 Yr. ARM 2.45% 0.40 +0.02 5/1 Yr. ARM 2.97% 0.50 +0.03 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 99.55 -0.34 30YR FNMA 3.5 103.02 -0.33 30YR GNMA 3.0 101.67 -0.09 30YR GNMA 3.5 104.13 -0.09 15YR FNMA 3.0 103.83 +0.02 15YR FNMA 2.5 101.34 -0.08 Treasuries Yield Change 2 YR 0.5432% +0.0043 5 YR 1.6513% +0.0099 10 YR 2.3712% +0.0108 30 YR 3.1022% +0.0088 Prices as of: 11/12/2014 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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