Daily Newsletter: Critical Update on FHA's New MIP Cancellation Procedures; Rates Even Closer to Long-Term Lows; Not Everyone Excited About FHA Changes?

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30 Year Fixed 3.69%   -0.02 15 Year Fixed 3.02%   -0.02 10YR Treasury 1.91%   -0.0432 FNMA 30YR 3.5 105.23   +0.11 FNMA 15YR 2.5 104.61   +0.09 View Today's Rates

Monday January 12, 2015 MND NewsWire - 11:02AM Critical Update on FHA's New MIP Cancellation Procedures The Federal Housing Administration (FHA) has issued a critical update related to last week's announcement of FHA premium changes. The update contains instructions for lenders wishing ... Mortgage Rate Watch - 4:06PM Mortgage Rates Even Closer to Long-Term Lows Mortgage rates fell modestly again today, bringing them as close to last Tuesday's 19-month lows as they've been, on average. Some lenders are already there, and the other lenders are ... Pipeline Press - 10:28AM Settlements and Super Lien News; Not Everyone is Raving About FHA Changes Not everyone is wild about the FHFA (which oversees Freddie & Fannie) joining the Federal Home Loan Bank System. Last week the MBA submitted its comments to the Federal Housing ... MBS Commentary - 12:26PM MBS MID-DAY: Bond Markets Holding Modest Gains, Fueled by Weakness Elsewhere Stocks, oil, Euros, and other assets that bespeak growth and risk are weaker today while bond markets are stronger. The opposite was initially the case overnight (except in the case ... MBS Week Ahead: Balanced Risks for Bonds, Early Auctions, Moderate Data, Eyes on Europe Update on Mortgage Insurance Cut: FHA to Allow Case Number Cancellation Latest Video Rate hike expectations If ECB begins QE ... Santelli Exchange: Bull-bear pivot points More News from 'Around the Web' CNBC - 4:36PM Alcoa beats on earnings, revenue Reuters - 3:31PM Cutting 'patient' from Fed guidance should signal hike near: Lacker CNBC - 3:24PM Why traders are shorting homebuilders Bloomberg - 2:45PM Treasuries Extend Gains After U.S. $24 Billion Three-Year Sale - Bloomberg Google News - 2:43PM Obtaining a mortgage loan: How do we know if it's too hard, too easy, or just about right? The Big Picture - 12:30PM Bill Gross: "I was Fired From Pimco" Calculated Risk Blog - 11:47AM FNC: Residential Property Values increased 5.2% year-over-year in November www.corker.senate.gov - 11:47AM Corker and Vitter Call on Administration to Protect Taxpayers and Reconsider Recent FHA Decision CNBC - 10:15AM Fed unimpressed with jobs numbers Washington Post - 10:15AM Encouraging signs for D.C. region's housing market Market Watch - 9:10AM Banks prepare plans for Greek eurozone exit CNBC - 9:09AM ECB plans QE according to paid in capital: Source CNBC - 9:08AM US manufacturing rebound a 'myth'? Calculated Risk Blog - 8:51AM Black Knight Mortgage Monitor: Delinquencies "Spike" in November Today's Rates Best Execution Rate Change 30 Yr FRM 3.69% -0.02 15 Yr FRM 3.02% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.62% -0.02 5/1 Yr ARM 3.23% -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 4.18% 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 ** 30 Yr. Fixed 3.73% 0.60 -0.14 15 Yr. Fixed 3.05% 0.50 -0.10 1 Yr. ARM 2.39% 0.40 -0.01 5/1 Yr. ARM 2.98% 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 3.0 102.58 +0.16 30YR FNMA 3.5 105.23 +0.11 30YR GNMA 3.0 103.36 +0.11 30YR GNMA 3.5 105.39 -0.13 15YR FNMA 3.0 104.61 +0.09 15YR FNMA 2.5 102.77 +0.14 Treasuries Yield Change 2 YR 0.5529% -0.0161 5 YR 1.3848% -0.0440 10 YR 1.9121% -0.0432 30 YR 2.5000% -0.0380 Prices as of: 1/12/2015 4:31PM 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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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