Daily Newsletter: Rates Back to Long Term Lows; App Surge Levels Off; What's up with Weird Market Reaction to the Fed?

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30 Year Fixed 3.60%   -0.02 15 Year Fixed 2.98%   -0.02 10YR Treasury 1.72%   -0.1007 FNMA 30YR 3.5 105.42   +0.30 FNMA 15YR 2.5 104.92   +0.22 View Today's Rates

Wednesday January 28, 2015 Mortgage Rate Watch - 5:03PM Mortgage Rates Back to Long Term Lows After Fed Mortgage rates fell again today , and while the move wasn't big, it was enough to bring most lenders back in line with the best rates from two weeks ago. Those have the added distinction ... MBS Commentary - 4:52PM MBS RECAP: What's up with the Weird Market Reaction to FOMC? Today's FOMC Announcement resulted in one of the strangest market reactions in recent memory. Explanations for the various movements abound, and most of them unfortunately contradict ... MND NewsWire - 9:03AM Mortgage App Surge Levels off as Rates Ebb The law of physics prevailed last week and mortgage applications, riding high for the previous two weeks, returned to earth. The Mortgage Bankers Association (MBA) said its Market Composite ... Pipeline Press - 9:57AM Lessons From the CFPB/Wells/Chase Order; FDIC Video on LO Comp; Training and Events Don't forget that last Friday Ocwen Financial reached a settlement with a California regulator that will allow it to continue operating in the state. As part of a consent order with ... Freddie Mac Index Shows Deterioration in some Energy Dependent Markets MBS Day Ahead: FOMC Announcement The Only Game in Town Latest Video Closing Bell Exchange: Markets confused by Fed Santelli: Treasurys Fed reaction Santelli: Treasury rates 'de-ranged' More News from 'Around the Web' WSJ - 3:53PM 7 Takeaways From the January Fed Statement: 'The Committee Judges That It Can Be Patient' CNN - 3:52PM Senator Rand Paul goes after Fed...again Reuters - 2:52PM Fed keeps patient approach to hiking rates despite global turmoil www.cfpbmonitor.com - 1:11PM CFPB issues compliance bulletin on treatment of confidential supervisory information WSJ - 12:15PM Inequality in America in 10 Charts CNBC - 12:10PM Fed rates hike a 'tough call' CNBC - 11:22AM US crude stockpiles highest on record: EIA Calculated Risk Blog - 11:20AM While We Wait For Yet Another FOMC Statement... Bloomberg - 10:49AM Gundlach Sees Fed Bungling Exit, Then Backtracking With New Cut - Bloomberg CNBC - 9:58AM CNBC Fed Survey: CNBC's Steve Liesman: Rate Hike Seen in September 2015 Bloomberg - 9:31AM Greece Credit Swaps Surge to Signal 70% Probability of Default - Bloomberg WSJ - 8:37AM What to Watch at This Week's Fed Meeting The Atlantic - 8:35AM Rural America's Silent Housing Crisis CNBC - 8:34AM Weekly mortgage applications drop on tiny rate bump Bloomberg - 8:34AM Freddie Mac Selling $410 Million of Delinquent Home Loans - Bloomberg Today's Comments MND NewsWire - 10:53AM "Dan: passing the NMLS means virtually nothing as far as competence goes. While working for a depository since '06 I took both Nat'l and UST, 93% on both, to prove a point to our mtg banker/broker bretheren. This arrangement is nothing more than a larcenous character ignored by higher-ups who are generally..." MND NewsWire - 5:15PM "jurko2jm, I know a lot of Wells folks who write loans all over the country, and don't have state licenses. Both Wells and Chase are obviously depository banks. Why would you think their LOs would have to be licensed on a state by state basis?..." Mortgage Rate Watch - 3:22PM "who's offering the 3.25 rate for VA loans? Thanks, Joe..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.60% -0.02 15 Yr FRM 2.98% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% -0.01 5/1 Yr ARM 3.23% +0.00 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 3.80% 0.29 -0.09 15 Yr. Fixed 3.10% 0.29 -0.06 30 Yr. Jumbo 3.86% 0.23 -0.02 30 Yr. FHA 3.66% 0.15 -0.05 5/1 ARM 2.87% 0.41 -0.07 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 3.0 103.11 +0.48 30YR FNMA 3.5 105.42 +0.30 30YR GNMA 3.0 103.45 +0.45 30YR GNMA 3.5 105.77 +0.33 15YR FNMA 3.0 104.92 +0.22 15YR FNMA 2.5 103.13 +0.30 Treasuries Yield Change 2 YR 0.4654% -0.0451 5 YR 1.2375% -0.0914 10 YR 1.7207% -0.1007 30 YR 2.2908% -0.1030 Prices as of: 1/28/2015 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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