Daily Newsletter: Best Day of the Month for Mortgage Rates; Clear Regional Patterns as Home Prices Falter; Bonds Let Guard Down After Yellen; LO Survey Results

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30 Year Fixed 3.79%   -0.06 15 Year Fixed 3.08%   -0.04 10YR Treasury 1.98%   -0.0818 FNMA 30YR 3.5 104.78   +0.41 FNMA 15YR 2.5 104.61   +0.25 View Today's Rates

Tuesday February 24, 2015 Mortgage Rate Watch - 4:40PM Best Day of the Month for Mortgage Rates Mortgage rates had their best day of the month today following Fed Chair Yellen's testimony before the Senate Banking Committee. That's part of a 2-day semi-annual update that the Fed ... MND NewsWire - 11:24AM Clear Regional Patterns as Home Prices Falter Despite increases in 2014 that were twice that of inflation, house prices are "faltering." The S&P/Case-Shiller composite city indices for December were nearly flat while the National ... MBS Commentary - 1:18PM MBS MID-DAY: Bonds Let Guard Down After no Yellen Bombshells There are a lot of moving parts to today's movement, and most of them working in synergy to benefit bond markets. The day began with Greece getting their list of reforms submitted to ... Pipeline Press - 10:55AM Banks Confront Regulation Overload; LO Survey Results; MBA & Zombie House Proposals; Risk Sharing Securities Zelman and Associates published its January Homebuilding Survey , indicating that 2015 is off to a strong start. Order growth increased 32% year-over-year, bumping 2015 first quarter ... MBS Day Ahead: Parent Teacher Conference with Yellen; Greece Turns in Homework Battle for Listings Between Realtors and Zillow Group Set to Intensify Latest Video Mortgage meltdown brewing? Bove Trading bonds on Yellen's words Fed wants to avoid another taper tantrum: Swonk More News from 'Around the Web' Calculated Risk Blog - 5:17PM Lawler on Toll Brothers and Other Builders: Maybe Points to Strong New Home Sales in January The Big Picture - 4:10PM Grexit is harder than you think WSJ - 4:10PM 5 Quotes From Fed Chairwoman Janet Yellen's Report to Congress rss.nytimes.com - 4:09PM High-End Home Buyers Call the Tune in a Cautious Market CNBC - 4:08PM Yellen gave me a great reason to buy bonds: Trader WSJ - 4:08PM New-Home Sales Are Surging. Why Aren't Existing Homes As Hot? Calculated Risk Blog - 4:07PM FDIC: Fewer Problem banks, Residential REO Declines in Q4 CNN - 2:18PM Janet Yellen: Too many American's aren't making it CNBC - 12:36PM Fewer sellers may hurt spring housing Bloomberg - 12:34PM Traders Still Don't Believe the Fed Is Ready to Raise Rates Calculated Risk Blog - 12:34PM A Comment on House Prices: Real Prices and Price-to-Rent Ratio in December CNBC - 12:34PM Fed won't raise rates at all in 2015 Reuters - 10:27AM U.S. home prices rise in December: S&P/Case-Shiller CNBC - 10:25AM Read: Yellen's prepared testimony rss.nytimes.com - 10:25AM Fed in No Hurry to Raise Rates, Yellen Says Bloomberg - 10:25AM Treasuries Decline as Yellen Signals Fed to Be Flexible on Rates CNBC - 8:44AM Millennials rent but aren't insured Reuters - 8:41AM Home Depot quarterly profit rises 36 percent Bloomberg - 8:41AM Seeing a Lot More Existing Home Renovations Today's Rates Best Execution Rate Change 30 Yr FRM 3.79% -0.06 15 Yr FRM 3.08% -0.04 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.80% -0.05 5/1 Yr ARM 3.13% -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 3.93% 0.35 +0.09 15 Yr. Fixed 3.24% 0.35 +0.09 30 Yr. Jumbo 3.92% 0.28 +0.02 30 Yr. FHA 3.73% 0.12 +0.01 5/1 ARM 3.09% 0.47 +0.02 Freddie Mac ** 30 Yr. Fixed 3.76% 0.60 +0.07 15 Yr. Fixed 3.05% 0.60 +0.06 1 Yr. ARM 2.45% 0.40 +0.03 5/1 Yr. ARM 2.97% 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 3.0 101.88 +0.50 30YR FNMA 3.5 104.78 +0.41 30YR GNMA 3.0 102.61 +0.50 30YR GNMA 3.5 104.91 +0.39 15YR FNMA 3.0 104.61 +0.25 15YR FNMA 2.5 102.45 +0.31 Treasuries Yield Change 2 YR 0.5570% -0.0529 5 YR 1.4559% -0.0879 10 YR 1.9774% -0.0818 30 YR 2.5873% -0.0707 Prices as of: 2/24/2015 4:32PM 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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