Daily Newsletter: Status of MIP Change as of 1pm; HUD Anticipation Not Helping Business Flow; 2015 Housing Policy Agenda; Credit Availability

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30 Year Fixed 3.74%   +0.03 15 Year Fixed 3.06%   +0.01 10YR Treasury 2.01%   +0.0432 FNMA 30YR 3.5 104.91   -0.13 FNMA 15YR 2.5 104.38   -0.03 View Today's Rates

Thursday January 8, 2015 MBS Commentary - 4:12PM MBS RECAP: Status of MIP Change as of 1pm; Congrats to HUD on Killing New Originations for the Day Dear HUD, First of all, thanks for dropping annual MI. That's cool and all, but the way you're rolling this out is causing confusion. The Mortgagee Letter should have been cued up and ... MND NewsWire - 10:39AM 2015 Housing Policy Agenda: Inertia and Competition? Stuart Quinn, a policy research and strategy analyst for CoreLogic summarizes 2014 as a period of consumption for housing market participants when it came to regulatory and policy guidance ... MND NewsWire - 10:27AM New GSE Loans only Minor Factor in Rising Credit Access Accessibility to mortgage credit rose in December. The Mortgage Bankers Association said today that its Mortgage Credit Availability Index (MCAI) went from the November level of 114 ... Mortgage Rate Watch - 4:13PM Mortgage Rates Continue Drifting Higher Ahead of Jobs Report Mortgage rates continued drifting slightly higher after a strong move to 19 month lows on Tuesday. The caveat is that today's rates are only higher compared to the past 2 days. They ... MBS MID-DAY: Today's big winner (relatively): Conforming MBS! Maybe Lenders & Investors Should Not Expect Too Much from a Cut in FHA Insurance Premiums MBS Day Ahead: Limited Econ Data--not Like it Mattered Anyway Latest Video Rates lower, longer everywhere: Starwood's Sternlicht Low rates ...here's your housing play Interest rate outlook More News from 'Around the Web' rss.nytimes.com - 3:50PM Report Shows Consumer Borrowing Rose to $3.3 Trillion Calculated Risk Blog - 3:48PM FHA Insured Loans: HUD Corrects wording on lower Mortgage Insurance Premium (MIP) www.whitehouse.gov - 2:35PM Remarks by the President at Nueva Villas Housing Complex -- Phoenix, AZ Calculated Risk Blog - 2:35PM Trulia: "What Falling Oil Prices Mean for Home Prices" NAHB - 1:33PM Statement from NAHB Chairman Kevin Kelly on President Obama?s FHA Announcement freddiemac.mwnewsroom.com - 12:26PM Mortgage Rates Start the New Year at New Lows Reuters - 12:26PM ECB's Draghi says ready to take additional measures if needed Calculated Risk Blog - 9:58AM CoreLogic: "273,000 Residential Properties Regained Equity in Q3 2014" Reuters - 8:57AM U.S. jobless claims dip, point to firming labor market Reuters - 8:41AM ECB warns Greek funding access hinges on keeping bailout blog.redfin.com - 8:40AM Tax Tips for First-Time Homebuyers WSJ - 8:38AM Could Lower 10-Year Yields Spark A More Aggressive Fed? Today's Comments MND NewsWire - 12:23PM "How about that? If true (as being reported in media today), this will actually help FHA borrowers, and MIGHT even stimulate housing. Sure beats the current FHA situation...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.74% +0.03 15 Yr FRM 3.06% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.67% +0.02 5/1 Yr ARM 3.24% -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 3.73% 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 3.0 102.16 -0.20 30YR FNMA 3.5 104.91 -0.13 30YR GNMA 3.0 102.95 -0.11 30YR GNMA 3.5 105.19 -0.09 15YR FNMA 3.0 104.38 -0.03 15YR FNMA 2.5 102.48 -0.02 Treasuries Yield Change 2 YR 0.6050% -0.0081 5 YR 1.4860% +0.0081 10 YR 2.0109% +0.0432 30 YR 2.5922% +0.0619 Prices as of: 1/8/2015 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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