Daily Newsletter: Rates Back Near Long-Term Lows; Stronger Economy to Drag Housing Up in 2015, but Opportunities Could be Short-Lived; ECB QE Market Volatility

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30 Year Fixed 3.65%   -0.04 15 Year Fixed 3.03%   -0.02 10YR Treasury 1.79%   -0.0809 FNMA 30YR 3.5 105.20   +0.22 FNMA 15YR 2.5 104.69   +0.08 View Today's Rates

Friday January 23, 2015 Mortgage Rate Watch - 5:15PM Mortgage Rates Move Back toward Long-Term Lows Mortgage rates were modestly lower today, and are now getting back in line with levels not seen in more than 20 months. Only the last 3 days of last week were any better. That said ... MND NewsWire - 11:47AM Strengthening Economy Expected to "Drag" Housing Along Fannie Mae's economists expect the economy to strengthen in 2015 and that will "drag" housing into a better cycle this year. The company's forecast for the year includes a moderate ... MND NewsWire - 11:32AM 2015 Housing Opportunities might be Short-Lived There is certainly no dearth of economic and housing forecasts afoot in the land. Freddie Mac starts out its current U.S. Economic & Housing Market Outlook by comparing this January ... MBS Commentary - 12:56PM MBS MID-DAY: Bond Markets Continue Riding ECB Wave You may have the market aphorism that it's easier to ride waves than to swim against them. The post-ECB bond market wave is still in force today with all corners of the bond market ... MBS RECAP: We've Only Just Begun (to See ECB QE Volatility) Existing Home Sales End Year on Higher Note Non-Performing Loan News; CFPB vs. Wells & Chase Has Everyone With MSAs Scurrying MBS Day Ahead: Bond Markets Set up Technical Defenses After ECB Whipsaw Latest Video Euro freefalls while dollar hits new high Santelli: Somewhat treading water December LEI up 0.5%, home sales rise 2.4% More News from 'Around the Web' Calculated Risk Blog - 4:38PM Q4 GDP Forecasts: 3%+ rss.nytimes.com - 4:38PM By Compromise and Persuasion, Draghi Won Grudging Support for Bond Buying WSJ - 4:38PM It's Official: First-Time Home Buyers Held Back in 2014 www.realtor.com - 2:46PM Down Payments Get Smaller Market Watch - 2:45PM Ocwen sinks amid claims of affiliate default Calculated Risk Blog - 12:21PM A Few Comments on December Existing Home Sales Bloomberg - 12:21PM BlueMountain Says Ocwen Affiliate Defaulted on Debt Securities - Bloomberg Bloomberg - 10:52AM Schaeuble Sees 'Moral Hazard' Risk in ECB's Bond-Buying - Bloomberg Reuters - 10:50AM U.S. existing home sales rise in December CNBC - 8:50AM What could derail the housing market in 2015 The Big Picture - 8:49AM Super Mario Delivers Calculated Risk Blog - 8:37AM Black Knight: Mortgage Delinquencies Declined in December Today's Rates Best Execution Rate Change 30 Yr FRM 3.65% -0.04 15 Yr FRM 3.03% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.63% -0.02 5/1 Yr ARM 3.21% -0.04 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 3.63% 0.70 -0.03 15 Yr. Fixed 2.93% 0.60 -0.05 1 Yr. ARM 2.37% 0.40 +0.00 5/1 Yr. ARM 2.83% 0.40 -0.07 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 3.0 102.75 +0.31 30YR FNMA 3.5 105.20 +0.22 30YR GNMA 3.0 103.27 +0.25 30YR GNMA 3.5 105.56 +0.22 15YR FNMA 3.0 104.69 +0.08 15YR FNMA 2.5 102.80 +0.14 Treasuries Yield Change 2 YR 0.4905% -0.0289 5 YR 1.3080% -0.0624 10 YR 1.7908% -0.0809 30 YR 2.3660% -0.0801 Prices as of: 1/23/2015 4:32PM 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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