Daily Newsletter: Mortgage Rates Drop Abruptly; Approaching 4%; Only 2 in 5 Housing Markets Improving; Mortgage Apps Stagnant Despite Rate Drop

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30 Year Fixed 4.08%   -0.08 15 Year Fixed 3.25%   -0.04 10YR Treasury 2.44%   -0.0747 FNMA 30YR 3.5 103.23   +0.55 FNMA 15YR 2.5 104.11   +0.25 View Today's Rates

Wednesday May 28, 2014 Mortgage Rate Watch - 3:28PM Mortgage Rates Drop Abruptly; Now Approaching 4% After tying the record for most consecutive days with no change, mortgage rates moved significantly lower today . The significance isn't due to the size of the move--as far as day to ... MND NewsWire - 12:02PM Only 2 in 5 Housing Markets are Improving -Freddie Mac Freddie Mac's new Multi-Indicator Market Index (MiMi) continues to show a weak housing market overall. The national MiMi value is flat compared to last month and has improved only slightly ... MND NewsWire - 8:48AM Lower Rates Fail to Sustain Mortgage App Winning Streak Despite interest rates falling to levels last seen almost a year ago, mortgage application volume retreated slightly after three weeks of iimprovement. The Mortgage Bankers Association ... MBS Commentary - 11:57AM MBS MID-DAY: Bonds End 2 Weeks of Consolidation... With a Massive Rally Things had been pretty tame for MBS and Treasuries after the last round of excitement ended on May 15th. That was when the last major rally ended and when bond markets began consolidating ... RBS Shrinking Mortgage Biz; Bank M&A; MBA's New Compliance Class; Reverse Mortgage Update MBS Day Ahead: Still a Potentially Big Day for Bond Markets Despite Empty Calendar Three Data Sets Concur on Continuing but Slower Price Increases Latest Video Santelli: Rally in Treasurys misunderstood Santelli: Treasurys predict less global growth Toll Bros CEO: Confident in housing comeback More News from 'Around the Web' DataQuick - 4:31PM April Las Vegas Region Home Sales Press Release www.cfpbmonitor.com - 4:31PM House holds second hearing on discrimination at the CFPB CNBC - 4:31PM Staying classy: San Diego real estate heats up Calculated Risk Blog - 1:50PM Average 30 Year Fixed Mortgage Rates decline to 4.08% CNBC - 1:19PM Fischer sworn in as Fed board member Market Watch - 1:19PM Treasury sells 5-year notes at lowest yield since Nov. Bloomberg - 1:13PM PNC's Demchak Sees Mortgage Production Lowest Since 1990s - Bloomberg Bloomberg - 10:58AM Growing Mortgage Lender Sees End Game as Loan 'Middleman' - Bloomberg content.govdelivery.com - 10:58AM FDIC-Insured Institutions Earned $37.2 Billion in the First Quarter of 2014 CNBC - 10:56AM Bond yields hit 2014 lows Bloomberg - 10:07AM Nasdaq Goes to Light Speed With Treasuries Trading - Bloomberg Market Watch - 10:07AM Bond Report: 10-year Treasury yield sinks to lowest in 11 months freddiemac.mwnewsroom.com - 10:07AM Housing Markets Stalling freddiemac.mwnewsroom.com - 10:04AM Freddie Mac Issues Monthly Volume Summary for April 2014 www.aei.org - 10:01AM Get ready for the subprime mortgage crack-up 2.0 Bloomberg - 8:45AM Yellen Concerned by Housing Slowdown She Has Scant Power to Cure - Bloomberg CNBC - 8:44AM Toll Brothers profit more than doubles CNBC - 8:42AM Fed's Lockhart: No rush to raise rates Reuters - 8:41AM Stock futures tick up, S&P on track to extend record CNBC - 8:40AM Lower rates fail to boost mortgage activity Today's Comments MBS Live Chat - 1:47PM "Keep Going Baby ! When is it an official FACE MELTER?..." MBS Live Chat - 1:47PM "feels a little toasty now, TQ...." MBS Live Chat - 1:48PM "24 ticks according to the by-laws TQ..." MBS Live Chat - 2:23PM "based on the "bylaws" looks like the 10 year is a "face melter"..." MBS Live Chat - 3:12PM "Hi MG-are bond yields pointing to recession? What is causing this run on bonds?..." MBS Live Chat - 3:17PM "TB, I think Eurozone QE potential next week is one of the bigger considerations, along with an ongoing pain trade for all those who bet on higher rates in 2014. I.E. "forced short-covering" of an exceptionally large short base. There are economic arguments as well, and while I'm personally generally..." MBS Live Chat - 3:24PM "repricing growth expectations..." MBS Live Chat - 3:27PM "maybe, but what's the baseline? In a bond market that's just lived through 2008-2013, how can we even be sure which trading levels line up with which levels of growth? It's not the same environment that it ever was (?same as it ever was?? answer: no). So does 2.25% = growth pessimism or is it the more..." MBS Live Chat - 3:34PM "Maybe QE has messed up the pricing mechanism in the markets to the point where we simply can't make any rational conclusions anymore...." MBS Live Chat - 3:34PM "MG- as always this site has more useful and pertinent info than any talking heads on tv..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.08% -0.08 15 Yr FRM 3.25% -0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.90% -0.06 5/1 Yr ARM 3.25% +0.00 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.31% 0.15 -0.02 15 Yr. Fixed 3.42% 0.06 -0.01 30 Yr. Jumbo 4.23% 0.16 -0.01 30 Yr. FHA 4.04% -0.45 -0.02 5/1 ARM 3.13% 0.19 -0.01 Freddie Mac ** 30 Yr. Fixed 4.14% 0.60 -0.06 15 Yr. Fixed 3.25% 0.50 -0.04 1 Yr. ARM 2.43% 0.40 +0.00 5/1 Yr. ARM 2.96% 0.40 -0.05 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 99.20 +0.67 30YR FNMA 3.5 103.23 +0.55 30YR GNMA 3.0 100.95 +0.63 30YR GNMA 3.5 104.22 +0.48 15YR FNMA 3.0 104.11 +0.25 15YR FNMA 2.5 101.78 +0.39 Treasuries Yield Change 2 YR 0.3711% +0.0206 5 YR 1.4812% -0.0478 10 YR 2.4431% -0.0747 30 YR 3.2925% -0.0708 Prices as of: 5/28/2014 4:25PM 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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Daily Newsletter: Home Prices Continue Higher but Pace Slows; Mortgage Rates Close to Sideways Record

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30 Year Fixed 4.16%   +0.00 15 Year Fixed 3.29%   +0.01 10YR Treasury 2.52%   -0.0196 FNMA 30YR 3.5 102.73   +0.22 FNMA 15YR 2.5 103.88   +0.05 View Today's Rates

Tuesday May 27, 2014 MND NewsWire - 12:06PM Three Data Sets Concur on Continuing but Slower Price Increases All three home price surveys released this morning showed prices increased in March, a more moderate improvement than in previous months in some cases, but still broad based. The S&P ... Mortgage Rate Watch - 3:03PM Mortgage Rates Close to Setting Sideways Record Mortgage rates were slightly higher this morning, but mid-day market improvements led many lenders to adjust rates lower into the afternoon. The net effect ends up being "no change ... MBS Commentary - 7:45AM MBS Week Ahead: Getting Closer to Decision Time for Bond Markets A common quip on Wall Street is that financial markets will do what it takes to prove as many people wrong as possible. Variations of the same concept include the "pain trade" as well ... Pipeline Press - 10:11AM MBA Releases Lender Profit Numbers for 2013 - Ouch; New HUD Head The mortgage industry continues to do what it can to not only dig its way out of the poor public relations created from lending from 5-10 years ago, but give back to the community. ... New Home Sales Rise to Slightly Less Depressed Levels Mortgage Banking Profits Hit Hard in 2nd Half of 2013 Latest Video Robert Shiller: Mortgage rates may spur market Bubble in bonds? Home price gains ease More News from 'Around the Web' CNBC - 3:26PM Housin'sg 1% soars as 99ers dive www.npr.org - 2:30PM Median CEO Pay Tops $10 Million For The First Time blog.redfin.com - 2:29PM Real Estate Trends: Technology is Just a Means of Delivering Better Value and Service for the Consumer WSJ - 12:23PM Consumers Are Back to Paying Mortgages Ahead of Credit Cards rss.nytimes.com - 11:35AM Real Estate and the Recovery: Another Reason to Consider Renting www.aei-ideas.org - 11:34AM The missing middle of the US jobs recovery Google News - 10:15AM Led By Multifamily, Improvement Seen in All Commercial Real Estate Sectors www.lpsvcs.com - 10:15AM Black Knight Home Price Index Report: March 2014 Transactions Reuters - 10:15AM U.S. home prices rise in March: S&P/Case-Shiller CNBC - 9:14AM Home prices jump in March: S&P/Case-Shiller Reuters - 8:57AM ECB rate cut next week under discussion WSJ - 8:50AM Bond Buys Here to Stay Despite Fed Taper, Research Suggests Reuters - 8:45AM U.S. durable goods orders rise on defense, but business spending plans weak Reuters - 8:28AM IMF's Lagarde says bank reforms slowed by fierce industry pushback CNBC - 8:27AM Home equity loans pick up, but slowly CNBC - 8:18AM Third party review of Bank of America's capital plan complete Today's Comments MBS Live Chat - 8:30AM "RTRS - U.S. APRIL DURABLES EX-DEFENSE ORDERS -0.8 PCT VS MARCH +2.9 PCT (PREV +1.9 PCT)..." MBS Live Chat - 8:59AM "Looks like market momentum still favors MBS, given the rapid recovery from GDP numbers...." MBS Live Chat - 9:01AM "rates need to stay low to support these rising values..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.00 15 Yr FRM 3.29% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.96% +0.00 5/1 Yr ARM 3.25% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.33% 0.20 -0.06 15 Yr. Fixed 3.43% 0.15 -0.05 30 Yr. Jumbo 4.24% 0.10 -0.05 30 Yr. FHA 4.06% 0.00 -0.03 5/1 ARM 3.14% 0.29 -0.03 Freddie Mac ** 30 Yr. Fixed 4.14% 0.60 -0.06 15 Yr. Fixed 3.25% 0.50 -0.04 1 Yr. ARM 2.43% 0.40 +0.00 5/1 Yr. ARM 2.96% 0.40 -0.05 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 98.53 +0.16 30YR FNMA 3.5 102.73 +0.22 30YR GNMA 3.0 100.30 +0.23 30YR GNMA 3.5 103.77 +0.16 15YR FNMA 3.0 103.88 +0.05 15YR FNMA 2.5 101.44 +0.11 Treasuries Yield Change 2 YR 0.3505% +0.0040 5 YR 1.5257% -0.0034 10 YR 2.5160% -0.0196 30 YR 3.3641% -0.0342 Prices as of: 5/27/2014 3:46PM 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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