Daily Newsletter: Mortgage Rates Head for 2-Month Lows; Multi-Family Only Bright Spot in Construction; Broad Increase in Mortgage Apps

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30 Year Fixed 3.65%   -0.08 15 Year Fixed 3.00%   -0.03 10YR Treasury 1.86%   -0.0728 FNMA 30YR 3.5 105.30   +0.23 FNMA 15YR 2.5 105.00   +0.20 View Today's Rates

Wednesday April 1, 2015 Mortgage Rate Watch - 4:58PM Mortgage Rates Head for 2-Month Lows Mortgage rates fell appreciably today , this time at the fastest pace of the current winning streak. In fact, it was the biggest move lower since the March 18th FOMC Announcement when ... MND NewsWire - 1:02PM Multi-family Spending only Bright Spot in Construction News Overall construction spending in the U.S. was essentially unchanged from January to February and there was only slight movement in both public and private sector spending. There was ... MND NewsWire - 9:08AM MBA Notes "Broad Increase" in Applications The volume of mortgage applications increased for both refinancing and purchasing during the week ended March 27. It was the second consecutive week that the Mortgage Bankers Association ... MBS Commentary - 1:02PM MBS MID-DAY: Data Mattered More Today, and It Was Positive For Bonds Granted the day is not over yet, but at this point, a full-scale reversal of the morning's momentum is unlikely. As expected, with month-end out of the way, economic data has a bigger ... BofA & Super Liens; Non-Bank Servicer Standards; MBA Tech Conference; Events & Training MBS Day Ahead: As April Begins, Where do We Stand? Latest Video Downside risk to jobs report Mortgage apps surge We could see US Treasurys in 10 years at 1%: Pro More News from 'Around the Web' www.cfpbmonitor.com - 4:33PM CFPB updates home buying information booklet CNBC - 4:33PM Don't get too optimistic about the housing market Reuters - 4:32PM Bank of America at center stage in U.S. top court bankruptcy case CNBC - 4:32PM What do rising rates mean for online lenders? CNBC - 2:39PM Don't rule out negative yields CNBC - 2:39PM Markets get anxious about growth webfeeds.brookings.edu - 2:39PM Why are interest rates so low, part 3: The Global Savings Glut CNBC - 2:38PM Guess who's issuing slews of mortgages? Not your bank WSJ - 12:18PM Fed's Lockhart Expects Economy to Pick Up in Second Quarter webfeeds.brookings.edu - 12:15PM On secular stagnation: Larry Summers responds to Ben Bernanke Bloomberg - 10:56AM U.S. Vacation-Home Sales Set Record as Economy Improves www.cfpbmonitor.com - 10:55AM The CFPB's contemplated payday/title/high-cost lending proposals: our initial reactions CNBC - 10:05AM March ISM manufacturing 51.5 vs. 52.9 in Feb CNBC - 10:05AM Feb. US construction spending dips 0.1%; Jan revised down CNBC - 8:34AM Mortgage applications surge on spring demand Bloomberg - 8:33AM No Joke, U.S. Treasuries Tend to Rally in the Month of April CNBC - 8:30AM Job growth takes step backward in March Fannie Mae - 1:19AM News Release - Fannie Mae Releases February 2015 ... Reuters - 1:16AM Ex-Fannie Mae CEO testifies in $1 billion mortgage trial of Nomura, RBS Calculated Risk Blog - 1:16AM Wednesday: Auto Sales, ADP Employment, ISM Mfg, Construction Spending and more Today's Rates Best Execution Rate Change 30 Yr FRM 3.65% -0.08 15 Yr FRM 3.00% -0.03 FHA 30 Year Fixed 3.30% -0.10 Jumbo 30 Year Fixed 3.59% -0.01 5/1 Yr ARM 3.05% +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 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 3.69% 0.60 -0.09 15 Yr. Fixed 2.97% 0.60 -0.09 1 Yr. ARM 2.46% 0.40 +0.00 5/1 Yr. ARM 2.92% 0.40 -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 3.0 102.58 +0.33 30YR FNMA 3.5 105.30 +0.23 30YR GNMA 3.0 103.27 +0.33 30YR GNMA 3.5 105.63 +0.28 15YR FNMA 3.0 105.00 +0.20 15YR FNMA 2.5 102.94 +0.28 Treasuries Yield Change 2 YR 0.5394% -0.0197 5 YR 1.3199% -0.0551 10 YR 1.8573% -0.0728 30 YR 2.4628% -0.0806 Prices as of: 4/1/2015 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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