Daily Newsletter: Best Day of the Year for Rates; Bond Let Guard Down After FOMC; Underwater Stats for 2014; Mortgage Apps Slide

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30 Year Fixed 3.75%   -0.10 15 Year Fixed 3.03%   -0.09 10YR Treasury 1.92%   -0.1342 FNMA 30YR 3.5 104.94   +0.56 FNMA 15YR 2.5 104.64   +0.41 View Today's Rates

Wednesday March 18, 2015 Mortgage Rate Watch - 5:28PM Best Day of the Year for Mortgage Rates Following Fed Mortgage rates plummeted today , relatively speaking. While the average improvement of 0.10% might not look like much at face value, it's the biggest one-day drop we've had in 2015 ... MBS Commentary - 5:23PM MBS RECAP: Bond Market Lets Guard Down After FOMC Events; Big Rally Most of what would have been written to recap today's events was accidentally written this morning before they happened. The article I'm referring to asked the question: Is the market ... MND NewsWire - 1:56PM Weak Year-end Home Values Increase Underwater Numbers Even though the number of underwater homes increased seasonally in the fourth quarter of 2014, CoreLogic reports that 1.2 million borrowers regained equity in their homes during the ... MBS Commentary - 7:34AM MBS Day Ahead: Is The Market Too Far Ahead of a Predictable Fed? Today is Fed day and naturally, that's where 100% of the focus has been and will be. Markets are convinced that the Fed will remove the word "patient" from the statement and that the ... MBS MID-DAY: Strong Morning for Bonds Thanks to Europe; Cue FOMC Anxiety Changes in Fannie/Freddie Pricing and Programs; How Much Does 3.75 mln sq. ft. of Office Cost? No Spring in Mortgage Application Volume Yet Latest Video Yellen: Not ruling out April rate hike Is the Fed trying to keep markets guessing? Crafty move by Fed: Pro More News from 'Around the Web' WSJ - 4:31PM Yellen Says Strong Dollar Holding Down Exports and Inflation, But Reflects U.S. Economy's Strength WSJ - 4:26PM Economists React to the Fed's March Statement: 'No Longer Patient, But Definitely Not Impatient, Yet' Calculated Risk Blog - 4:26PM Early Read on Existing Home Sales in February CNBC - 3:21PM Dovish Fed whipsaws markets WSJ - 3:21PM Fed Officials Trim Back Estimates Of Interest Rate Rises Amid Big Forecast Changes Bloomberg - 1:50PM Young Adults Are Losing All Hope of Buying a Starter Home Market Watch - 12:12PM Ocwen Financial's stock bounces after deal to sell $9.6 billion portfolio announced Google News - 10:49AM What's behind the growing share of bank portfolio lending? Bloomberg - 10:49AM Flexible Fed to Keep an Eye on Data Market Watch - 10:49AM The Wall Street Journal: Ocwen delays financial report - again Calculated Risk Blog - 10:49AM AIA: Architecture Billings Index increases slightly in February Fannie Mae - 10:48AM News Release - MLSS Results Show Optimistic Mortgage ... The Atlantic - 9:02AM Staying Close to Home, No Matter What CNBC - 9:01AM Middle-class families on decline CNBC - 8:56AM Mortgage applications fall 3.9% despite drop in rates WSJ - 8:45AM Housing Waits–and Waits–on Millennials Calculated Risk Blog - 12:45AM DataQuick: Southern California February Home Sales down 3% Year-over-year Reuters - 12:43AM Fannie, Freddie could need another bailout as risks rise: watchdog Calculated Risk Blog - 12:43AM Wednesday: Fed Day! Today's Rates Best Execution Rate Change 30 Yr FRM 3.75% -0.10 15 Yr FRM 3.03% -0.09 FHA 30 Year Fixed 3.35% -0.15 Jumbo 30 Year Fixed 3.65% -0.08 5/1 Yr ARM 3.11% -0.04 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 4.01% 0.39 +0.05 15 Yr. Fixed 3.29% 0.30 +0.02 30 Yr. Jumbo 4.02% 0.27 +0.07 30 Yr. FHA 3.80% 0.20 +0.04 5/1 ARM 3.18% 0.40 +0.13 Freddie Mac ** 30 Yr. Fixed 3.86% 0.60 +0.11 15 Yr. Fixed 3.10% 0.60 +0.07 1 Yr. ARM 2.46% 0.40 +0.02 5/1 Yr. ARM 3.01% 0.50 +0.05 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 +0.75 30YR FNMA 3.5 104.94 +0.56 30YR GNMA 3.0 103.16 +0.70 30YR GNMA 3.5 105.22 +0.48 15YR FNMA 3.0 104.64 +0.41 15YR FNMA 2.5 102.47 +0.61 Treasuries Yield Change 2 YR 0.5484% -0.1252 5 YR 1.3864% -0.1663 10 YR 1.9182% -0.1342 30 YR 2.5096% -0.0976 Prices as of: 3/18/2015 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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