Daily Newsletter: Mortgage Rates Pause Ahead of Big Events; Last Week's Rates No Help For Mortgage Apps; Bond Markets Defensive; Problem With Disclosures

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30 Year Fixed 3.85%   +0.00 15 Year Fixed 3.15%   +0.00 10YR Treasury 2.12%   -0.0106 FNMA 30YR 3.5 104.44   +0.13 FNMA 15YR 2.5 104.48   +0.09 View Today's Rates

Wednesday March 4, 2015 Mortgage Rate Watch - 4:49PM Mortgage Rates Pause Ahead of Big Events Mortgage rates paused today after moving swiftly higher over the past two days. Markets reacted to two important pieces of data this morning, ADP Employment and the ISM Services Index ... MND NewsWire - 9:12AM Lower Rates did little for Mortgage Application Volume Mortgage applications were mixed and largely flat during the week ended February 27. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume ... MBS Commentary - 4:45PM MBS RECAP: Bonds Opt to Hold Ground After Morning Data Volatility Yesterday afternoon's latest levels in 10yr yields were right around 2.13. This morning's pre-data highs (just before 7am) were also right around 2.13. And after the data imparted it ... MBS Commentary - 7:01AM MBS Day Ahead: Not Without Hope, But Defensiveness Makes Sense You might have detected a more bearish tone in my opening thoughts for March, titled: Refocusing on Data as March Begins . If you didn't read that, or don't care to, the gist is that ... ALTA Offers Advice to CFPB and Points out Major Problem with Disclosure Forms CoreLogic sees Continued "Strong and Progressive Uptick in Prices" Latest Video Yellen lashes out at banks, Wall Street values What economists say about ADP 3 housing hot spots More News from 'Around the Web' Calculated Risk Blog - 4:35PM Preview for February Employment Report The Big Picture - 4:34PM The US Housing Market WSJ - 4:34PM 5 Takeaways from the 2009 Fed Transcripts rss.nytimes.com - 2:25PM Notes From 2009: Ben Bernanke Has an Impressive Passive-Aggressive Streak, and Other Things We Learned in the New Fed Transcripts WSJ - 2:25PM Key Republican Lawmaker Calls for Review of Fed Structure Calculated Risk Blog - 2:23PM Fed's Beige Book: Economic Activity Expanded "across most regions", Oil "declined" Market Watch - 1:14PM This clause can keep you from accessing homeowners insurance claim money NY Fed - 1:13PM How Mortgage Finance Affects the Urban Landscape Bloomberg - 1:13PM 2009 Was the Height of the Storm for the Fed Reuters - 1:13PM Fed struggled with 2009 bailouts, bond-buying: transcripts WSJ - 10:56AM Fed's Evans Says Low Inflation Is A Bit of a Puzzle Bloomberg - 10:56AM David Zervos: Here's Who's Buying all That Debt at Negative Yields - Bloomberg Calculated Risk Blog - 10:54AM Yellen in June 2009: Sluggish Recovery, Low inflation for "few years" CNBC - 10:54AM Yellen during crisis; Things are so bad people are 'breaking into their piggybanks' CNBC - 10:54AM ISM non-manufacturing index hits 56.9 in Feb vs. 56.5 estimate WSJ - 9:00AM 5 Points to Watch During the ECB's March Meeting Bloomberg - 9:00AM Treasuries Rise as U.S. Companies Add Fewer Jobs Than Forecast - Bloomberg Calculated Risk Blog - 9:00AM ADP: Private Employment increased 212,000 in February WSJ - 9:00AM Where Should You Move for a Decent Job Market and Affordable Housing? CNBC - 9:00AM Housing market has long way to go: Lennar CEO Today's Rates Best Execution Rate Change 30 Yr FRM 3.85% +0.00 15 Yr FRM 3.15% +0.00 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.82% -0.01 5/1 Yr ARM 3.15% +0.00 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 3.96% 0.30 -0.03 15 Yr. Fixed 3.27% 0.30 -0.01 30 Yr. Jumbo 3.95% 0.27 -0.14 30 Yr. FHA 3.76% 0.21 -0.06 5/1 ARM 3.05% 0.50 -0.23 Freddie Mac ** 30 Yr. Fixed 3.80% 0.60 +0.00 15 Yr. Fixed 3.07% 0.60 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 2.99% 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 3.0 101.36 +0.11 30YR FNMA 3.5 104.44 +0.13 30YR GNMA 3.0 102.28 +0.09 30YR GNMA 3.5 104.69 +0.14 15YR FNMA 3.0 104.48 +0.09 15YR FNMA 2.5 102.13 +0.14 Treasuries Yield Change 2 YR 0.6586% -0.0197 5 YR 1.5909% -0.0213 10 YR 2.1189% -0.0106 30 YR 2.7175% -0.0134 Prices as of: 3/4/2015 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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