Daily Newsletter: Rates Start 2015 at Long Term Lows; Employment Hitting Housing Sweet Spot; Ambac/BofA Lawsuit; GSE Updates

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30 Year Fixed 3.80%   -0.06 15 Year Fixed 3.09%   -0.04 10YR Treasury 2.12%   +0.0000 FNMA 30YR 3.5 104.53   0.00 FNMA 15YR 2.5 104.09   0.00 View Today's Rates

Friday January 2, 2015 Mortgage Rate Watch - 12:43PM Mortgage Rates Start 2015 at Long Term Lows Mortgage rates improved significantly to kick off the new year. The gains are a combination of actual improvement in bond markets and lenders lowering their guard from conservative ... MND NewsWire - 1:19PM Employment Growth Hitting Housing Sweet Spot It has been a long time coming but CoreLogic says the improving employment numbers are strongest among precisely the demographic the housing industry has hoped for, the age group most ... MBS Commentary - 11:29AM MBS MID-DAY: Bonds Swing From Losses to Gains After Manufacturing Data Surprisingly and refreshingly, today's ISM Manufacturing data has been a clear source of motivation for trading activity today. After it came out at the weakest levels since June, bonds ... Pipeline Press - 10:27AM Ambac Sues BofA; Golden First Mortgage's Judgment; Fannie, Freddie, FHA Updates The U.S. Census Bureau projected the United States population to be 320.1 million as of yesterday. (And no, not all of them contribute to NAR.) This would be an increase of 2.33 million ... Current Credit Standards Tougher Than They Need to Be MBS Day Ahead: Jan 2, 2015, Unofficially, the Last Day of Last Year Latest Video Santelli: There is no alternative The timing is right to buy a home--or a big-screen TV Santelli: Yields on the move More News from 'Around the Web' Market Watch - 3:00PM Capitol Report: Home-price gains 'moderating,' aiding affordability Bloomberg - 2:59PM JPMorgan Boosts Bond Mismatch to $600 Billion as ECB, BOJ Buy - Bloomberg Washington Post - 12:25PM The state of Washington commercial real estate, in charts WSJ - 11:34AM You Ask, We Answer: Is the U.S. Economy Creating Part-Time Instead of Full-Time Jobs? Reuters - 10:59AM Fed's Mester sees rate rise in next six months: Fox TV Washington Post - 10:58AM Sloan: Bailout highly profitable for taxpayers, when you look at the right numbers Bloomberg - 10:11AM Manufacturing in U.S. Expanded Less Than Forecast in December - Bloomberg Market Watch - 10:11AM November construction spending down 0.3% CNBC - 9:57AM Dollar hits 9-year high-is market 'complacent'? Reuters - 8:50AM Merkel ally urges ECB not to buy struggling states' bonds CNBC - 8:50AM Best times to score a deal on a home, car or TV CNN - 8:50AM 5 biggest threats to the housing market Bloomberg - 8:45AM RBS Falls on Report That U.S. Mortgage Provision May Increase - Bloomberg Today's Rates Best Execution Rate Change 30 Yr FRM 3.80% -0.06 15 Yr FRM 3.09% -0.04 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.70% -0.04 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 3.87% 0.60 +0.04 15 Yr. Fixed 3.15% 0.60 +0.05 1 Yr. ARM 2.40% 0.40 +0.01 5/1 Yr. ARM 3.01% 0.50 +0.00 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 3.0 101.53 0.00 30YR FNMA 3.5 104.53 0.00 30YR GNMA 3.0 102.63 0.00 30YR GNMA 3.5 105.22 0.00 15YR FNMA 3.0 104.09 0.00 15YR FNMA 2.5 102.06 0.00 Treasuries Yield Change 2 YR 0.6686% +0.0000 5 YR 1.6168% +0.0000 10 YR 2.1210% +0.0000 30 YR 2.6932% +0.0000 Prices as of: 1/2/2015 3:43PM 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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