Daily Newsletter: Rates Consolidate as Markets Prepare for Big News; Residential Construction flat in Dec, but Gained Ground in 2014; Rates Stoke Big Refi Demand

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30 Year Fixed 3.69%   +0.04 15 Year Fixed 3.05%   +0.04 10YR Treasury 1.87%   +0.0769 FNMA 30YR 3.5 104.89   -0.17 FNMA 15YR 2.5 104.55   -0.09 View Today's Rates

Wednesday January 21, 2015 Mortgage Rate Watch - 5:28PM Rates Consolidate as Markets Prepare for Big News Mortgage rates moved moderately higher on average today. Recently high volatility in financial markets continues driving stratified pricing strategies. That's a long way of saying that ... MBS Commentary - 1:33PM MBS MID-DAY: Snowball Selling After Busy Morning of Unexpected Headlines Unexpected headlines have given markets plenty to digest this morning. German bond markets began pushing yields higher right from the start of the overnight session. That was offset ... MND NewsWire - 10:40AM Residential Construction Tepid in December but Gained Ground in 2014 December's numbers for residential construction were mixed when compared to November, but all were better than the monthly figures the previous December. Year-end figures, also released ... MND NewsWire - 9:18AM Rates Continue to Stoke Refinancing Surge Applications for mortgage refinancing scored a second straight week of solid growth during the period ended January 16, with the Mortgage Bankers Associations (MBA) Refinance Index ... MBS RECAP: Frustrating Sell-Off for Bond Markets. Blame Canada? MI Update; Eminent Domain Info; MBA Wants You to Write to CFPB re: Rate Checker MBS Day Ahead: Would ECB QE be Good or Bad for Rates? Latest Video Santelli: US yields more dramatically dropping Sri-Kumar's next 10-year target Quantitative teasing: Trading the ECB More News from 'Around the Web' WSJ - 4:22PM Panelists Predict Multifamily Construction Will Begin to Level Off CNBC - 4:22PM US 10-year yield going down to 1.5%: Analyst Washington Post - 4:21PM Can getting sick push you into foreclosure? NAHB - 2:45PM 55+ Housing Market One of the Most Robust Segments of the Market in 2014, Experts Say Reuters - 1:35PM Jobs growth seen in U.S. cities in 2015; still lagging pre-recession Calculated Risk Blog - 1:34PM Comments on December Housing Starts Boston Fed - 12:22PM House Price Growth When Children are Teenagers: A Path to Higher Earnings? WSJ - 12:21PM Economists Differ on Impact of Falling Oil Prices on Housing Bloomberg - 11:44AM Mortgage-Bond Spreads Widen to Three-Month High on Refinancing - Bloomberg Bloomberg - 11:44AM ECB Bond Purchases Could Spark Price Bubbles, Germany's BdB Says - Bloomberg CNBC - 11:44AM Markets await ECB decision, expect big bazooka Bloomberg - 10:18AM ECB Said to Propose QE of 50 Billion Euros a Month Through 2016 - Bloomberg Google News - 10:16AM Four impacts of the Federal Housing Administration's premium cut SEC - 9:29AM SEC Announces Charges Against Standard & Poor's for Fraudulent Ratings Misconduct WSJ - 8:44AM Builders' New Power Play: Net-Zero Homes CNBC - 8:42AM Mortgage applications rise on refinancing surge WSJ - 8:41AM Multifamily Sector Holds Onto Its Allure in 2014 CNBC - 8:40AM US single-family starts hit 6-1/2-year high in Dec Today's Rates Best Execution Rate Change 30 Yr FRM 3.69% +0.04 15 Yr FRM 3.05% +0.04 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.65% +0.03 5/1 Yr ARM 3.25% +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 3.66% 0.60 -0.07 15 Yr. Fixed 2.98% 0.50 -0.07 1 Yr. ARM 2.37% 0.40 -0.02 5/1 Yr. ARM 2.90% 0.40 -0.08 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 3.0 102.36 -0.27 30YR FNMA 3.5 104.89 -0.17 30YR GNMA 3.0 102.80 -0.20 30YR GNMA 3.5 104.97 -0.11 15YR FNMA 3.0 104.55 -0.09 15YR FNMA 2.5 102.70 -0.11 Treasuries Yield Change 2 YR 0.5114% +0.0119 5 YR 1.3494% +0.0633 10 YR 1.8683% +0.0769 30 YR 2.4572% +0.0815 Prices as of: 1/21/2015 4:30PM 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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