Daily Newsletter: Mortgage Rates Falling Toward Mid 3's; Mortgaging Our Future?; New Home Sales Soar in Northeast (Maybe)

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30 Year Fixed 3.68%   -0.04 15 Year Fixed 3.00%   -0.02 10YR Treasury 1.87%   -0.0398 FNMA 30YR 3.5 105.19   +0.19 FNMA 15YR 2.5 104.78   +0.09 View Today's Rates

Tuesday March 24, 2015 Mortgage Rate Watch - 3:14PM Mortgage Rates Falling Toward Mid 3 Percent Range Mortgage rates fell again today , extending an exceptionally strong 2+ week move back to lower levels after an exceptionally weak 5 week move to 2015 highs. The previous trend topped ... MND NewsWire - 1:40PM Fed Paper asks if we are "Mortgaging the Future?" Three economists writing for the Federal Reserve Bank of San Francisco's Economic Letter , are theorizing that the explosion of lending, especially mortgage lending, has played a more ... MND NewsWire - 11:13AM New Home Sales Soar in Snow-bound Northeast New home sales rose on a seasonally adjusted annual basis in February, partially because of a near tripling of sales in the Northeast . Nationally sales of newly constructed single ... Pipeline Press - 11:11AM Servicing/Processing Cost Per Loan Continues to Increase With Little End in Sight Thank you to Carol Kimball who sent along this site of " inexplicably terrible real estate photos ." My guess is that every underwriter has seen their share of them. I asked my cat ... MBS MID-DAY: Another Calm Morning; MBS Outperforming Treasuries MBS Day Ahead: Decision Time For Bond Markets After Running Out of Momentum Latest Video How low can rates go? Yellen's 'patient' rate hike Santelli Exchange: Housing market outlook More News from 'Around the Web' Calculated Risk Blog - 3:49PM Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in February www.cfpbmonitor.com - 2:46PM CFPB seeks comments on new information collection plans WSJ - 1:41PM The Inflation Cycle May Have Turned WSJ - 1:05PM Where Construction Continues to Struggle Years After the Bust Market Watch - 1:03PM Why the dollar's strength isn't likely to alter the Fed's rate-hike timing Calculated Risk Blog - 1:03PM Key Measures Show Low Inflation in February CNBC - 11:41AM Here's a solution for the Fed WSJ - 11:41AM U.S. Fed Reserve Official Warns of Risk of Market Disruption Reuters - 10:28AM U.S. new home sales hit seven-year high in February CNBC - 10:27AM Nasty surprise for homebuyers? Reuters - 9:04AM Fed's Bullard says zero U.S. rates no longer appropriate CNBC - 8:51AM Stars may be aligned for housing Reuters - 8:51AM U.S. consumer prices rebound, underlying inflation firming Bloomberg - 8:50AM Nomura Executive's "Danger Batman" Warning Emerges in Court Bloomberg - 8:48AM Ocwen to Sell More Servicing Rights as NYSE Listing at Risk Today's Rates Best Execution Rate Change 30 Yr FRM 3.68% -0.04 15 Yr FRM 3.00% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% -0.03 5/1 Yr ARM 3.10% -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 4.01% 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 3.78% 0.60 -0.08 15 Yr. Fixed 3.06% 0.60 -0.04 1 Yr. ARM 2.46% 0.40 +0.00 5/1 Yr. ARM 2.97% 0.50 -0.04 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 3.0 102.47 +0.20 30YR FNMA 3.5 105.19 +0.19 30YR GNMA 3.0 103.19 +0.23 30YR GNMA 3.5 105.42 +0.25 15YR FNMA 3.0 104.78 +0.09 15YR FNMA 2.5 102.72 +0.14 Treasuries Yield Change 2 YR 0.5611% -0.0161 5 YR 1.3569% -0.0312 10 YR 1.8679% -0.0398 30 YR 2.4577% -0.0475 Prices as of: 3/24/2015 4:12PM 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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