Daily Newsletter: Mortgage Rates Bounce Higher; Officials Agree Credit Scoring Needs to Change; Cost of Tight Credit Since 2009: 4 Million Loans

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30 Year Fixed 3.69%   +0.07 15 Year Fixed 3.01%   +0.04 10YR Treasury 1.90%   +0.0588 FNMA 30YR 3.5 105.16   -0.19 FNMA 15YR 2.5 104.97   0.00 View Today's Rates

Monday April 6, 2015 Mortgage Rate Watch - 3:55PM Mortgage Rates Bounce Higher, Erasing Friday's Gains Mortgage rates have now given back the ground gained after Friday's big jobs report. To put that in perspective, rates are now modestly higher than the 2-month lows seen on Friday morning ... MND NewsWire - 12:11PM Officials Agree Credit Scoring System Needs Improvement The National Association of Realtors® (NAR) recently hosted a meeting of about a dozen real estate and mortgage industry experts to examine the current state of credit scoring and ... MND NewsWire - 12:06PM The Cost of Tight Credit Since 2009: 4 Million Loans It has been a common theme from industry analysts and home sales and construction reports for at least five years; the recovery is being hampered, probably unduly so, by credit standards ... MBS Commentary - 1:10PM MBS MID-DAY: Friday's Gains Fully Erased in Treasuries; MBS Getting Close The overnight session was predictably uneventful with most of the world still out of the office for the Easter holiday. Plenty of market participants are out for Passover as well. So ... HUD, VA, FHA, and Government Lender Updates MBS Week Ahead: Global Markets' Chance to React to NFP; Has Anything Changed for the Fed? Latest Video Top trades for the 2nd half: Housing & jobs Santelli Exchange: Level vs. direction Fed's Dudley: Dollar, oil present downside GDP risk More News from 'Around the Web' www.cfpbmonitor.com - 4:33PM CFPB issues No FEAR Act report www.cfpbmonitor.com - 4:33PM New CFPB lawsuit targets payment processors for debt collectors Bloomberg - 3:46PM Dudley Defends New York's Special Role in Fed System CNBC - 3:44PM Prosecutors detail ex-UConn star's Ponzi scheme Calculated Risk Blog - 1:58PM February Case-Shiller House Price Index year-over-year change expected to be about the same as in January www.builderonline.com - 1:53PM New Report Finds Construction Costs Continue to Rise www.aia.org - 11:29AM Investment by Homeowners in Kitchen & Bathroom Design Continues Reuters - 11:29AM Wall Street up as Fed seen delaying move; utilities jump www.freddiemac.com - 11:28AM The 4 Cs of Qualifying for a Mortgage WSJ - 10:24AM Dudley: Rate-Rise Timing Data-Dependent, Uncertain in Nature Calculated Risk Blog - 10:24AM ISM Non-Manufacturing Index decreased to 56.5% in March Bloomberg - 10:22AM The Simple Reason Mohamed El-Erian Has Most of His Money in Cash Calculated Risk Blog - 8:47AM Black Knight February Mortgage Monitor: Foreclosure Rate still "175 percent above pre-crisis norms" Today's Rates Best Execution Rate Change 30 Yr FRM 3.69% +0.07 15 Yr FRM 3.01% +0.04 FHA 30 Year Fixed 3.30% +0.05 Jumbo 30 Year Fixed 3.63% +0.06 5/1 Yr ARM 3.02% +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 3.70% 0.60 +0.01 15 Yr. Fixed 2.98% 0.60 +0.01 1 Yr. ARM 2.46% 0.40 +0.00 5/1 Yr. ARM 2.92% 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 3.0 102.41 -0.23 30YR FNMA 3.5 105.16 -0.19 30YR GNMA 3.0 103.03 -0.22 30YR GNMA 3.5 105.63 -0.08 15YR FNMA 3.0 104.97 0.00 15YR FNMA 2.5 102.97 -0.06 Treasuries Yield Change 2 YR 0.5000% +0.0159 5 YR 1.3067% +0.0485 10 YR 1.9004% +0.0588 30 YR 2.5585% +0.0705 Prices as of: 4/6/2015 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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