Daily Newsletter: Rates Back to 3.5%; Mortgage Apps Explode into New Year; Foreclosure Inventory Below 500k; Simple, Awesome Day for Bond Markets

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30 Year Fixed 3.62%   -0.06 15 Year Fixed 2.99%   -0.03 10YR Treasury 1.85%   -0.0498 FNMA 30YR 3.5 105.22   +0.17 FNMA 15YR 2.5 104.80   +0.06 View Today's Rates

Wednesday January 14, 2015 Mortgage Rate Watch - 4:06PM Mortgage Rates Back to 3.5% for Some. If you have a truly ideal credit profile and loan scenario, a few of the more aggressive lenders are quoting conforming, 30yr fixed mortgage rates at 3.5% today. Almost all other lenders ... MND NewsWire - 9:39AM Mortgage Application Volume Explodes into New Year The first week of the New Year was a good one - no make that a great one - for mortgage activity with virtually unprecedented increases in mortgage applications both for purchase and ... MND NewsWire - 10:46AM CoreLogic: Foreclosure Inventory Heading Below Half Million Foreclosures, while now down 64 percent from the peak reached in September 2010, are still nearly double the monthly average before the housing crisis. CoreLogic said today that there ... MBS Commentary - 12:47PM MBS MID-DAY: Very Simple, Very Awesome Day for Bond Markets So Far It's a very simple, very awesome day so far for bond markets. The European Court of Justice news was great for peripheral nations (Italy, Spain, Portugal, Ireland, Greece), but still ... Industry Reaction to CFPB's New Site is Swift and Stinging; Sub-Servicer Review MBS Day Ahead: Important European Events; Retail Sales; and Congrats to the Mortgage Industry Latest Video Santelli Exchange: Real fundamentals Mortgage apps spike 49% last week December retail sales down 0.9% More News from 'Around the Web' Reuters - 4:52PM Exclusive: JPMorgan presses its managers to cut costs - source Bloomberg - 4:50PM Blackstone Said to Market First Rental-Home Securities of 2015 - Bloomberg Calculated Risk Blog - 4:50PM DataQuick: Southern California December Home Sales up 4% Year-over-year NAR - 3:40PM Part 1: EHS in 2014 by the Numbers – Popular Closing Dates NAR - 3:40PM EHS in 2014 by the Numbers – Part 2 – Least Common Closing Dates Calculated Risk Blog - 2:46PM Fed's Beige Book: Economic Activity Expanded at "modest" or "moderate" Pace rss.nytimes.com - 2:45PM Devil May Be in the Details on European Central Bank Bond Buying Market Watch - 2:45PM It's time to take bonds seriously Calculated Risk Blog - 2:06PM Sacramento Housing in December: Total Sales up 1.5% Year-over-year, First YoY increase since Oct 2012 Market Watch - 2:06PM Deep Dive: Here's why Wells Fargo will continue to outperform J.P. Morgan CNBC - 1:18PM House moves to ease Dodd-Frank rules Bloomberg - 11:19AM Bond Market's Biggest Bull Says 30-Year Gains Far From Over - Bloomberg Bloomberg - 11:18AM Fannie and Freddie Directed to Aid Underserved Borrowers in 2015 - Bloomberg CNBC - 10:25AM Investors confused about Fed: Trader WSJ - 10:25AM 5 Takeaways From the ECJ's Thumbs-Up for 'Whatever It Takes' Bloomberg - 8:46AM Retail Sales in U.S. Slumped in Broad-Based December Retreat - Bloomberg www.ecb.europa.eu - 8:43AM Press release Comments by Yves Mersch, Member of the Executive Board, on the legal opinion of the Advocate General of the European Court of Justice in the OMT case WSJ - 8:43AM Grand Central: Court Decision Paves Way for ECB Bond Buys CNBC - 8:38AM Mortgage applications post biggest gain in six years CNBC - 8:37AM Foreclosures down but leveling off Today's Rates Best Execution Rate Change 30 Yr FRM 3.62% -0.06 15 Yr FRM 2.99% -0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.59% -0.02 5/1 Yr ARM 3.21% -0.02 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 3.0 102.75 +0.27 30YR FNMA 3.5 105.22 +0.17 30YR GNMA 3.0 103.86 +0.42 30YR GNMA 3.5 105.58 +0.14 15YR FNMA 3.0 104.80 +0.06 15YR FNMA 2.5 103.06 +0.16 Treasuries Yield Change 2 YR 0.5006% -0.0362 5 YR 1.3212% -0.0488 10 YR 1.8536% -0.0498 30 YR 2.4630% -0.0397 Prices as of: 1/14/2015 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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