Daily Newsletter: Unraveling Complex Market Movement Mysteries; Rates Bounce Slightly Higher off Long-Term Lows; Housing Trouble Brewing?

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30 Year Fixed 3.63%   +0.03 15 Year Fixed 3.00%   +0.02 10YR Treasury 1.83%   +0.1066 FNMA 30YR 3.5 105.06   -0.47 FNMA 15YR 2.5 104.59   -0.58 View Today's Rates

Friday January 16, 2015 MBS Commentary - 5:06PM MBS RECAP: Unraveling the Complex Mysteries Behind Today's Market Movement Bond markets sold off today because they rallied so hard earlier this week. That is all*. I mean, we could sit here and attempt to assign significance to every little market-moving ... Mortgage Rate Watch - 5:18PM Mortgage Rates Bounce Slightly Higher off Long-Term Lows Mortgage rates pulled back to slightly higher levels today as broader markets underwent a correction from relatively frenzied movement over the past few days. Yesterday we discussed ... MBS Commentary - 1:06PM MBS MID-DAY: Seemingly Wild Ride for Bond Markets all Part of ECB QE Courtship Global financial markets have been engaged to the idea of sovereign QE from the European Central Bank for nearly a year. After yesterday's Swiss surprise, they're just about married ... Pipeline Press - 10:59AM More on Student Debt & Millennial's Impact on Housing; Home Price Trends Poor Baby Boomers. The industry is so fixated on waiting for the "trophy generation" Millennials to figure out what they want for housing (see updates a few paragraphs down) that no ... MBS Day Ahead: How Big a Deal is This Swiss Franc Business? New Home Purchase Apps Stagnant in December Latest Video Housing trouble brewing? Huge amount of 10-year selling Shrug off 30-year yield? More News from 'Around the Web' CNBC - 4:06PM Small homes sell for big bucks in Palo Alto Reuters - 3:34PM N.Y. Post says Twitter feed 'has been hacked' following erratic Tweets Reuters - 3:33PM Fed's Bullard takes swipe at central bank's reaction ability CNBC - 3:32PM Market cools for $1M+ homes Calculated Risk Blog - 2:25PM Lawler: Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in December WSJ - 2:25PM ECB's Knot Supports QE if National Banks Buy Country's Bonds Bloomberg - 2:25PM ECB Weighing QE Through National Central Banks, Spiegel Says - Bloomberg Reuters - 12:41PM ECB's Draghi meets Merkel ahead of crunch meeting WSJ - 11:51AM Fed Creating 'Community Advisory Council' CNBC - 11:49AM EU's Juncker: Greece won't leave euro Calculated Risk Blog - 10:51AM Preliminary January Consumer Sentiment increases to 98.2 CNBC - 9:26AM Manufacturing output expands modestly Reuters - 9:26AM U.S. consumer prices post biggest drop in six years Reuters - 9:23AM Fed should not tighten policy in 2015, Kocherlakota says Market Watch - 9:23AM The Wall Street Journal: Major Greek lenders ask central bank for emergency cash Bloomberg - 9:22AM ECB Studying Fed, BOE to Gauge Bond-Buying Volume, Coeure Says - Bloomberg Bloomberg - 9:21AM REITs Emerge as Saviors for Misfit American Borrowers - Bloomberg CNBC - 9:21AM More banks targeted for mortgage securities fraud Today's Comments MBS Commentary - 1:27PM "Awesome song reference! Made an excellent article even better. Thanks for delivering useful information and perspective in a memorable way. Keep up the excellent work. Cheers!..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.63% +0.03 15 Yr FRM 3.00% +0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% +0.02 5/1 Yr ARM 3.22% +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 3.0 102.59 -0.64 30YR FNMA 3.5 105.06 -0.47 30YR GNMA 3.0 103.28 -0.73 30YR GNMA 3.5 105.22 -0.44 15YR FNMA 3.0 104.59 -0.58 15YR FNMA 2.5 102.75 -0.75 Treasuries Yield Change 2 YR 0.4876% +0.0634 5 YR 1.2928% +0.1058 10 YR 1.8274% +0.1066 30 YR 2.4434% +0.0750 Prices as of: 1/16/2015 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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