Daily Newsletter: Mortgage Rate Decline Limited by Holiday; Crouching Traders Pounce; Trends in Rental Markets

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.88% -0.01 15 Year Fixed 3.11% +0.00 10YR Treasury 2.17% -0.0737 FNMA 30YR 3.5 104.31 +0.34 FNMA 15YR 2.5 104.19 +0.17 View Today’s Rates

Friday November 28, 2014 Mortgage Rate Watch – 1:29PM Mortgage Rate Decline Limited by Holiday Mortgage rates were slightly lower today, but it was in no way indicative of the improvements seen in the mortgage-backed-securities (MBS). MBS, above anything else, dictate mortgage … MBS Commentary – 1:28PM MBS RECAP: Crouching Buyers, Hidden Traders Pounce on Supply at Month-End Heading into today, it stood to reason that the normal spat of supportive, compulsory bond buying that occurs at the end of the month would have already taken place by Wednesday. That … Pipeline Press – 10:41AM Bank Mergers; Trends in Rental Markets, Distressed Properties and Refis; Vendor Updates For a deviation from the topic of millennials living at home, since the industry seems so focused on the behavior of this group (just like we were all focused on their behavior while … MBS Commentary – 8:42AM MBS Day Ahead: Too Much of a Good Thing for Bond Markets? ‘Tis the Season I made some fantastic stuffing this year. Just like mom used to make, and probably very much like she’ll make when we drive down to do the Thanksgiving raincheck dinner with the other … FHFA Will Allow Some Foreclosed Owners to Repurchase Homes at Market Value Record High Median Prices amid Tepid New Home Sales Latest Video Santelli: ‘Da spreads! Da spreads!’ Traders watching oil, retail on Black Friday OPEC decision holds production target More News from ‘Around the Web’ CNBC – 12:44PM Fed now expected to stay lower for a lot longer Reuters – 12:43PM Oil steadies near four-year low as glut looms after OPEC WSJ – 12:43PM How Much Do Neighborhoods Influence Future Earnings? WSJ – 10:30AM How to Tell If a Fact’ About Millennials Isn’t Actually a Fact WSJ – 10:29AM The Weather Really Can Hold Back the EconomyIt’s Not Just an Excuse WSJ – 10:29AM Draghi Highlights the Eurozone’s Unfinished Business CNBC – 8:12AM Euro zone November inflation dips 0.3% year-on-year Bloomberg – 8:12AM Bond Gains Push Yields to Record Lows Across Europe Before CPI – Bloomberg WSJ – 8:11AM 5 Things to Know About the Economy at Thanksgiving Calculated Risk Blog – 8:11AM WTI Crude Oil Falls Below $70 CNBC – 8:11AM US bonds rise after OPEC announcement Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.88% -0.01 15 Yr FRM 3.11% +0.00 FHA 30 Year Fixed 3.35% -0.03 Jumbo 30 Year Fixed 3.71% -0.02 5/1 Yr ARM 3.24% +0.00 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 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.97% 0.50 -0.02 15 Yr. Fixed 3.17% 0.50 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 101.17 +0.38 30YR FNMA 3.5 104.31 +0.34 30YR GNMA 3.0 102.58 +0.44 30YR GNMA 3.5 105.05 +0.33 15YR FNMA 3.0 104.19 +0.17 15YR FNMA 2.5 102.06 +0.25 Treasuries Yield Change 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 2 YR 0.4803% -0.0394 5 YR 1.4918% -0.0669 10 YR 2.1710% -0.0737 30 YR 2.8926% -0.0608 Prices as of: 11/28/2014 1:48PM EST

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

View this Report in your Web Browser | Forward to a Friend | Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Weekly Newsletter: Mortgage Rates at 1.5-Year Lows; Who Will Pick up Fed’s MBS Buying Slack?; Mortgage Apps Slide Despite Better Rates; HUD’s 4bp Fee

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.88% -0.01 15 Year Fixed 3.11% +0.00 10YR Treasury 2.17% -0.0772 FNMA 30YR 3.5 104.33 +0.36 FNMA 15YR 2.5 104.20 +0.19 View Today’s Rates

Friday November 28, 2014 Mortgage Rate Watch – 11/26 Mortgage Rates Right in Line with 1.5-Year Lows Mortgage rates moved lower again today , solidifying yesterday’s tentative break back into the “high 3’s” for top tier 30yr fixed rates. In fact, in terms of end-of-day rate sheet data … MND NewsWire – 11/24 Who Will Pick up Fed’s MBS Buying Slack? The Federal Reserve has completed its latest round of Quantitative Easing, the government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae are under orders to continue shrinking … MND NewsWire – 11/26 Mortgage Applications Slide Despite Falling Rates Mortgage application volume was mixed during the week ended November 21. The Mortgage Bankers Association (MBA) reported that its Market Composite Index, a measure of the volume of … Pipeline Press – 11/24 HUD’s 4bp Fee; FHA/Ginnie updates; Status of Mortgage Forgiveness Tax Act If you’re looking for next investment property, the nearest “college town” may serve you well. According to research from Clear Capital , out of the top 35 cities where home prices … Further Deterioration in Home Price Gains -Case-Shiller FHFA Will Allow Some Foreclosed Owners to Repurchase Homes at Market Value Loan Limits Unchanged in Most of U.S. Record High Median Prices amid Tepid New Home Sales MBS RECAP: Crouching Buyers, Hidden Traders Pounce on Supply at Month-End Latest Video Lennar CEO: Mortgage finance holding back housing Bill Pulte expects housing starts to increase Key October housing data More News from ‘Around the Web’ CNBC – 11/28 US bonds rise after OPEC announcement Calculated Risk Blog – 11/28 WTI Crude Oil Falls Below $70 WSJ – 11/28 5 Things to Know About the Economy at Thanksgiving Bloomberg – 11/28 Bond Gains Push Yields to Record Lows Across Europe Before CPI – Bloomberg CNBC – 11/28 Euro zone November inflation dips 0.3% year-on-year WSJ – 11/28 Draghi Highlights the Eurozone’s Unfinished Business WSJ – 11/28 The Weather Really Can Hold Back the EconomyIt’s Not Just an Excuse WSJ – 11/28 How to Tell If a Fact’ About Millennials Isn’t Actually a Fact WSJ – 11/28 How Much Do Neighborhoods Influence Future Earnings? Reuters – 11/28 Oil steadies near four-year low as glut looms after OPEC CNBC – 11/28 Fed now expected to stay lower for a lot longer Calculated Risk Blog – 11/26 Wednesday: New Home Sales, Personal Income, Durable Goods, Unemployment Claims, Pending Home sales CNBC – 11/26 Will China’s property market unravel in 2015? Bloomberg – 11/26 Orders for U.S. Business Equipment Unexpectedly Fell in October – Bloomberg Bloomberg – 11/26 Jobless Claims in U.S. Increase to Almost Three-Month High – Bloomberg CNBC – 11/26 Personal income up less than expected CNBC – 11/26 Pending home sales fell 1.1% in October Reuters – 11/26 U.S. new home sales rise in October, but September revised down freddiemac.mwnewsroom.com – 11/26 Nearly Half of All States and Half of the Top 50 Metro Housing Markets Now Showing Positive Momentum Bloomberg – 11/26 BofA Mortgage Ruling Helps Seal $16.7 Billion Accord – Bloomberg Bloomberg – 11/26 High-Grade Bond Issuance Surges to Record $1.15 Trillion – Bloomberg Market Watch – 11/26 Seven-year yields rise after auction sees average demand WSJ – 11/26 New York Fed Declares Household Deleveraging Over CNBC – 11/26 Mass exodus from bond funds isn’t likely Reuters – 11/26 Yellen’s ‘optimal’ model calls for rate hike this year, in theory CNBC – 11/25 US bonds rise ahead of GDP, 5-year auction Washington Post – 11/25 The top 400 households got 16 percent of all capital gains in 2010 Reuters – 11/25 Private consumption spike helps Germany avoid recession in third quarter Bloomberg – 11/25 Commercial Refi Boom Exposing Risks in U.S. Property Bonds CNBC – 11/25 Home prices up less than expected: S&P/Case-Shiller Bloomberg – 11/25 Moonlighting No Help to Americans Seeking to Buy a Home – Bloomberg Market Watch – 11/25 Treasurys trade higher after 5-year auction sees heavy demand WSJ – 11/25 Why Didn’t New Jersey See More Declines in Household Debt? Calculated Risk Blog – 11/25 House Prices: Real Prices and Price-to-Rent Ratio in September CNBC – 11/25 Saks real estate an ‘added gift’: CEO The Big Picture – 11/25 Closer View of the Housing Boom Calculated Risk Blog – 11/25 NY Fed: Household Debt increased in Q3 2014, "Deleveraging process has ended" CNBC – 11/25 Confidence declines from October Reuters – 11/25 U.S. third-quarter growth rate revised up to 3.9 percent freddiemac.mwnewsroom.com – 11/25 Freddie Mac Issues Monthly Volume Summary for October 2014 http://www.npr.org – 11/25 Bureaucratic Hoops Make D.C. Affordable Housing Units Hard To Sell WSJ – 11/25 New Mortgage Lending Drops to 13-Year Low Calculated Risk Blog – 11/25 Freddie Mac: Mortgage Serious Delinquency rate declined in October, Lowest since December 2008 Bloomberg – 11/25 Fannie, Freddie to Allow Debt Cuts for Some Foreclosed Borrowers – Bloomberg WSJ – 11/25 Why 4% Growth Doesn’t Feel That Hot http://www.cfpbmonitor.com – 11/24 CFPB’s first criminal referral ends in 9-year sentence WSJ – 11/24 5 Things to Watch in the U.S. GDP Report WSJ – 11/24 Conservative ECB Officials Play Down Need for More Stimulus http://www.cfpbmonitor.com – 11/24 CFPB Fall 2014 rulemaking agenda indicates further delay in proposed debt collection and other rules WSJ – 11/24 Jobs: Visualizing Recovery, State By State Calculated Risk Blog – 11/24 Black Knight: House Price Index down slightly in September, Up 4.6% year-over-year Bloomberg – 11/24 Treasuries Erase Losses After $28 Billion Sale of Two-Year Notes – Bloomberg CNBC – 11/24 Fed may raise rates ‘to see what happens’: Gundlach CNBC – 11/24 Big investors pull back on housing WSJ – 11/24 ECB’s Weidmann: Monetary Policy Alone Can’t Create Growth Market Watch – 11/24 A ‘landlord’s market’ expected for 2015, 2016: NAR Bloomberg – 11/24 Liquidity Drains Out of Bond Market as Top Funds Swell, BIS Says – Bloomberg freddiemac.mwnewsroom.com – 11/24 Freddie Mac Improves Transparency of Single-Family Loan-Level Publicly Available Data CNBC – 11/24 Euro zone yields hit lows: Is ECB trumping reality? transunion.mwnewsroom.com – 11/24 TransUnion: Auto Loan Delinquency Rate and Debt Rise Again CNBC – 11/24 Gas prices slide to 4-year low: Lundberg Market Watch – 11/24 Economic growth moderates in October, Chicago Fed national activity index shows Bloomberg – 11/24 LendingClub’s IPO Looms Over Alternative Lenders Seeking Funds – Bloomberg Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.88% -0.01 15 Yr FRM 3.11% +0.00 FHA 30 Year Fixed 3.35% -0.03 Jumbo 30 Year Fixed 3.71% -0.02 5/1 Yr ARM 3.24% +0.00 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 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.97% 0.50 -0.02 15 Yr. Fixed 3.17% 0.50 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 101.23 +0.44 30YR FNMA 3.5 104.33 +0.36 30YR GNMA 3.0 102.61 +0.47 30YR GNMA 3.5 105.08 +0.36 15YR FNMA 3.0 104.20 +0.19 15YR FNMA 2.5 102.05 +0.23 Treasuries Yield Change 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 2 YR 0.4724% -0.0473 5 YR 1.4821% -0.0766 10 YR 2.1675% -0.0772 30 YR 2.8911% -0.0623 Prices as of: 11/28/2014 1:58PM EST

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

View this Report in your Web Browser | Forward to a Friend | Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Daily Rate Update: Mortgage Rate Decline Limited by Holiday

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.88% -0.01 15 Year Fixed 3.11% +0.00 10YR Treasury 2.17% -0.0737 FNMA 30YR 3.5 104.31 +0.34 FNMA 15YR 2.5 104.19 +0.17 View Today’s Rates

Mortgage Rate Decline Limited by Holiday November 28, 2014 Mortgage rates were slightly lower today, but it was in no way indicative of the improvements seen in the mortgage-backed-securities (MBS). MBS, above anything else, dictate mortgage rate movement, but the relationship isn’t always one to one. Shortened holiday-related trading sessions are prime time for these periodic disconnections. In other words, it’s not at all uncommon for lenders to hold off on adjusting rate sheets as much as they otherwise might. Even against those headwinds, the week is ended with rates at their best levels since the morning of October 15th, which saw the best rates in roughly a year and a half. More than a few borrowers wished they could have locked their rates that morning, and many waited for a bounce back to those lows that never materialized. Of course today’s rates essentially mean we DID get back to those lows, but only after waiting for a month and a half. While the recent, methodical drop in rates means there’s an infinitely better chance of holding ground this time around, long-term lows can’t ever be taken for granted. Today’s most prevalently-quoted conforming 30yr fixed rate for top tier borrowers is 3.875% with 4.0% not far behind. If the underlying MBS prices were to hold perfectly still on Monday, 3.875% would pull out to a clear lead. Loan Originator Perspective “The trend is your friend right now and if we can stay under 2.20 on the 10 Yr Bond the holidays look poised to be in the gift giving mode. Floating for now seems safe but if your closing is within 15 days and you’ve reaped some gains recently a move to lock in those gains would certainly not be foolish.” –Hugh W. Page, Mortgage Banker, Seacoast Bank “I have been in the float camp for some time now. I believe floating is still the best thing to do for it looks likely rates may decline further. The price of oil is falling which may lead to deflation chatter which is always bond friendly. Stocks are also due for a breather which I believe is right around the corner. The sell off in stocks will help bonds appreciate further bringing down home loan rates. ” Manny Gomes, Branch Manager Norcom Mortgage Today’s Best-Execution Rates 30YR FIXED – 3.875-4.0 FHA/VA – 3.5 15 YEAR FIXED – 3.125-3.25 5 YEAR ARMS – 3.0 – 3.50% depending on the lender Ongoing Lock/Float Considerations The hallmark of 2014 has been a narrow range in rates. Too many market participants bet on rates going higher in 2014, and markets punished that imbalance with a paradoxical move lower. European markets helped that process along and continue to play a prominent role in keeping US rates lower than they otherwise might be. For most of the Summer and early Fall months, rates held a narrow range of 4.125% -4.25% (essentially where the 2014 rate recovery has bottomed out) and finally broke to a 3.875%-4.0% range in mid-October. After correcting back to 4.125% briefly, November saw a calm, supportive trend that helped establish a ceiling. From there, rates trickled back down into the high 3’s by the end of the month. As always, please keep in mind that the rates discussed generally refer to what we’ve termed ‘best-execution‘ (that is, the most frequently quoted, conforming, 30yr fixed rate for top tier borrowers, based not only on the outright price, but also ‘bang-for-the-buck.’ Generally speaking, our best-execution rate tends to connote no origination or discount points–though this can vary–and tends to predict Freddie Mac’s weekly survey with high accuracy. It’s safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie’s once-a-week polling method). 30 Year Fixed Rate Mortgage 15 Year Fixed Rate Mortgage Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.88% -0.01 15 Yr FRM 3.11% +0.00 FHA 30 Year Fixed 3.35% -0.03 Jumbo 30 Year Fixed 3.71% -0.02 5/1 Yr ARM 3.24% +0.00 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 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.97% 0.50 -0.02 15 Yr. Fixed 3.17% 0.50 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 101.17 +0.38 30YR FNMA 3.5 104.31 +0.34 30YR GNMA 3.0 102.58 +0.44 30YR GNMA 3.5 105.05 +0.33 15YR FNMA 3.0 104.19 +0.17 15YR FNMA 2.5 102.06 +0.25 Treasuries Yield Change 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 2 YR 0.4803% -0.0394 5 YR 1.4902% -0.0685 10 YR 2.1710% -0.0737 30 YR 2.8919% -0.0615 Prices as of: 11/28/2014 1:46PM EST

About This Report Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.

© 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

View this Report in your Web Browser | Forward to a Friend | Subscribe

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 presented in this report are averages and are subject to change without notice. You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Weekly Rate Report: Rates Match 1.5-Year Lows

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.88% -0.01 15 Year Fixed 3.11% +0.00 10YR Treasury 2.17% -0.0719 FNMA 30YR 3.5 104.31 +0.34 FNMA 15YR 2.5 104.20 +0.19 View Today’s Rates

Rates Match 1.5-Year Lows November 28, 2014 Market Summary Mortgage rates finally began showing some of the signs of life we’ve been waiting for. After nearly a month of mostly sideways improvements, Thanksgiving week lived up to its potential as the most volatile week of the month, historically. That volatility can go both ways, but this year, it went in our favor, bringing rates to their lowest levels since the morning of October 15th and essentially matching the lowest levels in over a year and a half. 3.875% is now the most prevalently quoted rate for top tier borrowers seeking conforming 30yr fixed loans(best-execution), but 4.0% isn’t far behind. Thinking about the brief dip on 10/15, more than a few borrowers wished they could have locked their rates that morning, and many waited for a bounce back to those lows that never materialized. Of course this week’s rates mean we DID get back to those lows, but only after waiting for a month and a half. While the recent, methodical drop in rates means there’s an infinitely better chance of holding ground this time around, long-term lows can’t ever be taken for granted. –Matthew Graham, Chief Operating Officer, Mortgage News Daily 30 Year Fixed Rate Mortgage Week in Review Rates shown below are based on the 30 Year Fixed Rate Mortgage Beginning Average: 3.96% Ending Average: 3.88% Weekly Change: -0.08% Yearly Change: -0.48% Friday, November 21, 2014 : 3.96% (-0.02%) Mortgage rates improved again today, carving out another November low, albeit by only a small margin. For some lenders, rates are officially at “one month lows” with October 21st being the last day that similar rates were available. Actually, the rate has been available, but it’s the COST required to obtain that rate that’s fallen back to 10/21 levels. 4% remains the most prevalently-quoted conforming 30yr fixed rate for top tier borrowers. It’s far less prevalent, but 3.875% is being quoted in some cases. History doesn’t offer many examples of the phrase “lowest rates in a month” meaning much less than it does today. More detail: “Technically at November Lows, but That Doesn't Mean Much These Days” Monday, November 24, 2014 : 3.95% (-0.01%) Mortgage rates continue making improvements so small and so steady that they’re barely noticeable, but they’re improvements just the same. That’s recently left us in the best territory in nearly a month. Today extends those slow and steady gains just enough to technically claim the “1-month low” designation, despite the fact that rates aren’t materially different than they have been. The most prevalently-quoted conforming 30yr fixed rate remains 4.0% for top tier borrowers, but each day of modest improvement brings us closer to 3.875% and puts 4.125% farther in the rearview. With the Thanksgiving holiday coming up, financial markets will be cramming a day and a half worth of work mostly into Wednesday. More detail: “Mortgage Rates Now at 1-Month Lows” Tuesday, November 25, 2014 : 3.92% (-0.03%) Mortgage rates fell more today than in recent days. Positivity was fueled chiefly by European bond market strength as serious growth concerns persist and rates push ever-closer to their mid-October lows. Domestically, a strong 5yr Treasury auction helped ignite an afternoon bond market rally that included mortgage-backed securities (MBS). When MBS improve enough in the middle of the day, lenders often release new, stronger rate sheets. This was the case today, and the improvements were good enough to bring 3.875% into the running for the most prevalently-quoted conforming 30yr fixed rate for top tier scenarios. As of this afternoon, it’s just barely edging out 4.0%. That’s the first time we’ve seen the most common top-tier rate quote in the 3’s since October 21, and one of only a handful of times since May 2013. The takeaway is that rates are very strong here, and while further improvements are just as possible as not, they’re also more worth protecting if you have the ability to lock. That’s the suggestion made by past precedent anyway. More detail: “Mortgage Rates Back Into High 3's” Wednesday, November 26, 2014 : 3.89% (-0.03%) Mortgage rates moved lower again today, solidifying yesterday’s tentative break back into the “high 3’s” for top tier 30yr fixed rates. In fact, in terms of end-of-day rate sheet data, today’s rates are actually the lowest in more than a year and a half. The only instance of lower rates came during the morning of October 15th, before the afternoon saw rapid deterioration. All that having been said, lender pricing is highly stratified during this move because of the holiday. Not all lenders have improved pricing as much as the average lender, and the average lender hasn’t improved pricing nearly as much as they would during a normal week. That generally more cautious strategy is an unfortunate reality during holiday weeks, but it does mean that if financial markets are in similar shape come Monday, that rate sheets should improve a bit more. More detail: “Mortgage Rates Right in Line with 1.5-Year Lows” Friday, November 28, 2014 : 3.88% (-0.01%) Mortgage rates were slightly lower today, but it was in no way indicative of the improvements seen in the mortgage-backed-securities (MBS). MBS, above anything else, dictate mortgage rate movement, but the relationship isn’t always one to one. Shortened holiday-related trading sessions are prime time for these periodic disconnections. In other words, it’s not at all uncommon for lenders to hold off on adjusting rate sheets as much as they otherwise might. Even against those headwinds, the week is ended with rates at their best levels since the morning of October 15th, which saw the best rates in roughly a year and a half. More detail: “Mortgage Rate Decline Limited by Holiday “ Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.88% -0.01 15 Yr FRM 3.11% +0.00 FHA 30 Year Fixed 3.35% -0.03 Jumbo 30 Year Fixed 3.71% -0.02 5/1 Yr ARM 3.24% +0.00 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 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.97% 0.50 -0.02 15 Yr. Fixed 3.17% 0.50 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 101.22 +0.42 30YR FNMA 3.5 104.31 +0.34 30YR GNMA 3.0 102.61 +0.47 30YR GNMA 3.5 105.08 +0.36 15YR FNMA 3.0 104.20 +0.19 15YR FNMA 2.5 102.05 +0.23 Treasuries Yield Change 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 2 YR 0.4724% -0.0473 5 YR 1.4853% -0.0734 10 YR 2.1728% -0.0719 30 YR 2.8942% -0.0592 Prices as of: 11/28/2014 1:54PM EST

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 presented in this report are averages and 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

View this Report in your Web Browser | Forward to a Friend | Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

MBS RECAP: Crouching Buyers, Hidden Traders Pounce on Supply at Month-End

Posted to: MBS Commentary
Friday, November 28, 2014 1:28 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Heading into today, it stood to reason that the normal spat of supportive, compulsory bond buying that occurs at the end of the month would have already taken place by Wednesday. That made good sense considering the holiday environment (fewer sellers around on Friday should motivate buyers to take care of business earlier in the week).

Indeed a solid amount of month-end buying was seen on Wednesday, helping bonds hold strong overnight gains. But apparently there were more buyers lurking in the shadows or otherwise unprepared to strike while their iron was hotter on…

(READ THE FULL POST)

More from MND:

• Pipeline Press: Bank Mergers; Trends in Rental Markets, Distressed Properties and Refis; Vendor Updates
• MBS Commentary: MBS Day Ahead: Too Much of a Good Thing for Bond Markets? ‘Tis the Season
• MBS Commentary: MBS RECAP: Bond Markets in ‘Holiday Drift’ Mode After Auction
• Mortgage Rate Watch: Mortgage Rates Right in Line with 1.5-Year Lows
• MBS Commentary: MBS MID-DAY: Modest Gains and an Unofficial Early Close

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/412265.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Bank Mergers; Trends in Rental Markets, Distressed Properties and Refis; Vendor Updates

Posted to: Pipeline Press
Friday, November 28, 2014 7:29 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

For a deviation from the topic of millennials living at home, since the industry seems so focused on the behavior of this group (just like we were all focused on their behavior while they were growing up), we have the Census Bureau’s Co-resident Grandparents and Their Grandchildren: 2012. According to the report, of the 65 million grandparents in the U.S. in 2012, ten percent (7 million) lived with at least one grandchild. In 2012 almost 3 million grandparents were “grandparent caregivers”, who had responsibility for grandchildren under 18 years old. About 4 million households contained both grandparents and grandchildren under 18, where more than 60% of these families were headed by a grandparent and one third of them had no parent present. Co-resident grandparents are also more likely to be unable to work due to an illness or disability and are more likely to be in poverty. The increase in grandparents living with grandchildren may be due to increase in life expectancy, single-parent families, and female employment.

(READ THE FULL POST)

More from MND:

• MBS Commentary: MBS Day Ahead: Too Much of a Good Thing for Bond Markets? ‘Tis the Season
• MBS Commentary: MBS RECAP: Bond Markets in ‘Holiday Drift’ Mode After Auction
• Mortgage Rate Watch: Mortgage Rates Right in Line with 1.5-Year Lows
• MBS Commentary: MBS MID-DAY: Modest Gains and an Unofficial Early Close
• MND NewsWire: FHFA Will Allow Some Foreclosed Owners to Repurchase Homes at Market Value

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/channels/pipelinepress/11282014-rental-property-prices.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

MBS Day Ahead: Too Much of a Good Thing for Bond Markets? ‘Tis the Season

Posted to: MBS Commentary
Friday, November 28, 2014 8:42 AM

Forward this email: Send a copy of this story to someone you know that may want to read it.

I made some fantastic stuffing this year. Just like mom used to make, and probably very much like she’ll make when we drive down to do the Thanksgiving raincheck dinner with the other half of the family. I haven’t had stuffing that good in a while and indeed found it difficult to stop eating it, especially in the middle of the night last night.

Punitive exercise implications aside, bond markets are going through something similar right now. They haven’t had a rally this good in a while (as evidenced by the first meaningful break under 2.30 of the entire month on…

(READ THE FULL POST)

More from MND:

• MBS Commentary: MBS RECAP: Bond Markets in ‘Holiday Drift’ Mode After Auction
• Mortgage Rate Watch: Mortgage Rates Right in Line with 1.5-Year Lows
• MBS Commentary: MBS MID-DAY: Modest Gains and an Unofficial Early Close
• MND NewsWire: FHFA Will Allow Some Foreclosed Owners to Repurchase Homes at Market Value
• MND NewsWire: Record High Median Prices amid Tepid New Home Sales

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/412144.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

MBS RECAP: Bond Markets in ‘Holiday Drift’ Mode After Auction

Posted to: MBS Commentary
Wednesday, November 26, 2014 3:59 PM

Forward this email: Send a copy of this story to someone you know that may want to read it.

Nothing much has changed since the mid-day commentary because bond markets had already effectively “left the building” after the 11:30am Treasury auction. With just over an hour of trading time remaining, MBS are at their weakest levels of the day, but that doesn’t even bring Fannie 3.5s into negative territory. Treasuries and Fannie 3.0s are doing a bit better.

More importantly, none of this afternoon price action is meaningful. Trades executed by human beings have been almost non-existent in the PM hours. Now, I’ll be the first to remind you that an absence of volume …

(READ THE FULL POST)

More from MND:

• Mortgage Rate Watch: Mortgage Rates Right in Line with 1.5-Year Lows
• MBS Commentary: MBS MID-DAY: Modest Gains and an Unofficial Early Close
• MND NewsWire: FHFA Will Allow Some Foreclosed Owners to Repurchase Homes at Market Value
• MND NewsWire: Record High Median Prices amid Tepid New Home Sales
• MND NewsWire: Pending Home Sales Fall in October, but Maintain Annual Gain

If you have trouble viewing this email, you can read the full post at http://www.mortgagenewsdaily.com/mortgage_rates/blog/411582.aspx

You were sent this email because you opted to receive email alerts when a new article was published to this Mortgage News Daily channel. To adjust your email settings:
Manage Your Email

Unsubscribe from all Email Communications

Forward this email: Send a copy of this story to someone you know that may want to read it.

Daily Newsletter: Some Foreclosed Owners can now Repurchase Homes at Market Value; Rates Match 1.5-Year Lows; Mortgage Applications Slide; Record High Median New Home Prices

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.89% -0.03 15 Year Fixed 3.11% -0.01 10YR Treasury 2.25% -0.0141 FNMA 30YR 3.5 103.97 +0.03 FNMA 15YR 2.5 104.03 +0.02 View Today’s Rates

Wednesday November 26, 2014 MND NewsWire – 12:22PM FHFA Will Allow Some Foreclosed Owners to Repurchase Homes at Market Value In what could be a controversial move the Federal Housing Finance Agency (FHFA) has directed the government sponsored enterprises (GSEs) to allow foreclosed homeowners to repurchase … Mortgage Rate Watch – 2:47PM Mortgage Rates Right in Line with 1.5-Year Lows Mortgage rates moved lower again today , solidifying yesterday’s tentative break back into the “high 3’s” for top tier 30yr fixed rates. In fact, in terms of end-of-day rate sheet data … MND NewsWire – 8:54AM Mortgage Applications Slide Despite Falling Rates Mortgage application volume was mixed during the week ended November 21. The Mortgage Bankers Association (MBA) reported that its Market Composite Index, a measure of the volume of … MND NewsWire – 12:18PM Record High Median Prices amid Tepid New Home Sales Sales of newly constructed single family homes rose slightly in October compared to September and were also improved from sales a year earlier. The U.S. Census Bureau and the Department … Pending Home Sales Fall in October, but Maintain Annual Gain MBS MID-DAY: Modest Gains and an Unofficial Early Close Fed TILA-RESPA Webinar Site; FHA 4bp Fee Fight Heats up; Total Mortgage Volume Figures MBS Day Ahead: Technical Breakout Meets Data Deluge; Hoping For The Best Latest Video Pending home sales slightly down from September Key October housing data Santelli: Wild sessions give valuable information More News from ‘Around the Web’ Reuters – 3:43PM Yellen’s ‘optimal’ model calls for rate hike this year, in theory CNBC – 2:06PM Mass exodus from bond funds isn’t likely WSJ – 12:44PM New York Fed Declares Household Deleveraging Over Market Watch – 12:10PM Seven-year yields rise after auction sees average demand Bloomberg – 12:10PM High-Grade Bond Issuance Surges to Record $1.15 Trillion – Bloomberg Bloomberg – 10:35AM BofA Mortgage Ruling Helps Seal $16.7 Billion Accord – Bloomberg freddiemac.mwnewsroom.com – 10:35AM Nearly Half of All States and Half of the Top 50 Metro Housing Markets Now Showing Positive Momentum Reuters – 10:35AM U.S. new home sales rise in October, but September revised down CNBC – 10:35AM Pending home sales fell 1.1% in October CNBC – 8:46AM Personal income up less than expected Bloomberg – 8:37AM Jobless Claims in U.S. Increase to Almost Three-Month High – Bloomberg Bloomberg – 8:37AM Orders for U.S. Business Equipment Unexpectedly Fell in October – Bloomberg CNBC – 12:18AM Will China’s property market unravel in 2015? Calculated Risk Blog – 12:18AM Wednesday: New Home Sales, Personal Income, Durable Goods, Unemployment Claims, Pending Home sales Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.89% -0.03 15 Yr FRM 3.11% -0.01 FHA 30 Year Fixed 3.38% -0.02 Jumbo 30 Year Fixed 3.73% -0.03 5/1 Yr ARM 3.24% -0.01 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 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.97% 0.50 -0.02 15 Yr. Fixed 3.17% 0.50 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 100.78 +0.08 30YR FNMA 3.5 103.97 +0.03 30YR GNMA 3.0 102.16 -0.02 30YR GNMA 3.5 104.72 -0.05 15YR FNMA 3.0 104.03 +0.02 15YR FNMA 2.5 101.84 +0.02 Treasuries Yield Change 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 2 YR 0.5197% +0.0000 5 YR 1.5587% -0.0123 10 YR 2.2464% -0.0141 30 YR 2.9550% -0.0118 Prices as of: 11/26/2014 4:00PM EST

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

View this Report in your Web Browser | Forward to a Friend | Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.

Daily Rate Update: Mortgage Rates Right in Line with 1.5-Year Lows

View this Report in your Web Browser | Forward to a Friend | Subscribe

30 Year Fixed 3.89% -0.03 15 Year Fixed 3.11% -0.01 10YR Treasury 2.25% -0.0141 FNMA 30YR 3.5 103.97 +0.03 FNMA 15YR 2.5 104.03 +0.02 View Today’s Rates

Mortgage Rates Right in Line with 1.5-Year Lows November 26, 2014 Mortgage rates moved lower again today, solidifying yesterday’s tentative break back into the “high 3’s” for top tier 30yr fixed rates. In fact, in terms of end-of-day rate sheet data, today’s rates are actually the lowest in more than a year and a half. The only instance of lower rates came during the morning of October 15th, before the afternoon saw rapid deterioration. All that having been said, lender pricing is highly stratified during this move because of the holiday. Not all lenders have improved pricing as much as the average lender, and the average lender hasn’t improved pricing nearly as much as they would during a normal week. That generally more cautious strategy is an unfortunate reality during holiday weeks, but it does mean that if financial markets are in similar shape come Monday, that rate sheets should improve a bit more. Whether or not markets are able to hold steady (or better) is another matter. Monday could look completely different for markets, for better or worse. Combine that with the fact that many lenders are in the best shape of the year and there’s a good case to be made for locking in these gains. That, of course, assumes you have the ability to do so with a lender that’s actually passing them along. Otherwise, the risk/reward outlook for floating is more balanced. Loan Originator Perspective “I would typically look to lock to preserve these gains heading into the long holiday weekend, but based on what we have seen over the last few trading sessions my perception is we are moving lower and are still owed from the past few days. Loans scheduled to close in a 10-15 day window should be locked, however Monday may bring on better pricing, barring an extraordinary circumstance over the weekend. Happy Thanksgiving.” –Constantine Floropoulos, Quontic Bank “The market is improving, yet I’m not seeing it on rate sheets. It’s very common to see lenders fail to pass along gains in front of a long holiday weekend, which we are heading into now. I’d suggest to float until next week, when we’re more likely to see these gains. Have a great long weekend.” Brent Borcherding, brentborcherding.com “Despite the upcoming Holiday shortened week, lenders have passed along some of the gains but they could have been more generous. If closing within 15 days, might be wise to go ahead and lock, but all other closings i think should float until Monday.” –Victor Burek, Open Mortgage Today’s Best-Execution Rates 30YR FIXED – 3.875-4.0 FHA/VA – 3.5 15 YEAR FIXED – 3.125-3.25 5 YEAR ARMS – 3.0 – 3.50% depending on the lender Ongoing Lock/Float Considerations The hallmark of 2014 has been a narrow range in rates. Too many market participants bet on rates going higher in 2014, and markets punished that imbalance with a paradoxical move lower. European markets helped that process along and continue to play a prominent role in keeping US rates lower than they otherwise might be. For most of the Summer and early Fall months, rates held a narrow range of 4.125% -4.25% (essentially where the 2014 rate recovery has bottomed out) and finally broke to a 3.875%-4.0% range in mid-October. After correcting back to 4.125% briefly, November saw a calm, supportive trend that helped establish a ceiling. From there, rates trickled back down into the high 3’s by the end of the month. As always, please keep in mind that the rates discussed generally refer to what we’ve termed ‘best-execution‘ (that is, the most frequently quoted, conforming, 30yr fixed rate for top tier borrowers, based not only on the outright price, but also ‘bang-for-the-buck.’ Generally speaking, our best-execution rate tends to connote no origination or discount points–though this can vary–and tends to predict Freddie Mac’s weekly survey with high accuracy. It’s safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie’s once-a-week polling method). 30 Year Fixed Rate Mortgage 15 Year Fixed Rate Mortgage Co-branding this Report Enable co-branding to personalize this report with your business information here. Learn more about co-branding with NO competitor ads. Today’s Rates Best Execution Rate Change Current Mortgage Rates » What are best-execution rates? 30 Yr FRM 3.89% -0.03 15 Yr FRM 3.11% -0.01 FHA 30 Year Fixed 3.38% -0.02 Jumbo 30 Year Fixed 3.73% -0.03 5/1 Yr ARM 3.24% -0.01 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 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. 30 Yr. Fixed 3.97% 0.50 -0.02 15 Yr. Fixed 3.17% 0.50 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 3.01% 0.50 +0.00 Secondary Markets MBS Price Change 30YR FNMA 3.0 100.78 +0.08 30YR FNMA 3.5 103.97 +0.03 30YR GNMA 3.0 102.16 -0.02 30YR GNMA 3.5 104.72 -0.05 15YR FNMA 3.0 104.03 +0.02 15YR FNMA 2.5 101.84 +0.02 Treasuries Yield Change 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 2 YR 0.5197% +0.0000 5 YR 1.5587% -0.0123 10 YR 2.2464% -0.0141 30 YR 2.9542% -0.0126 Prices as of: 11/26/2014 3:58PM EST

About This Report Mortgage News Daily is a trusted source of mortgage rate market data and analysis, with over 1 million readers each month. Unlike many rate surveys, our survey is conducted on a daily basis and is designed to bring you the most current and accurate rate data available. We use a proprietary formula to calculate averages based on best-execution rates from top lender’s rate sheets, also taking into account feedback from hundreds of mortgage market professionals around the country.

© 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. – 19706 One Norman Blvd – Cornelius, NC 28031

View this Report in your Web Browser | Forward to a Friend | Subscribe

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 presented in this report are averages and are subject to change without notice. You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.