Daily Newsletter: Mortgage Rates Officially Hit 2-Month Lows; Net Cost to Originate Rises to $5238; Price Gains Slow in Large Markets

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30 Year Fixed 3.62%   -0.08 15 Year Fixed 2.97%   -0.05 10YR Treasury 1.84%   -0.0710 FNMA 30YR 3.5 105.34   +0.25 FNMA 15YR 2.5 105.03   +0.17 View Today's Rates

Friday April 3, 2015 Mortgage Rate Watch - 12:07PM Mortgage Rates Officially Hit 2-Month Lows After Jobs Data Mortgage rates scored a major victory today at the expense of the labor market. Recent examples of the Employment Situation Report (the big "jobs report," which dwarfs all comers in ... MND NewsWire - 10:34AM Net Cost to Originate the Average Loan Rises to $5238 Mortgage profits declined in the fourth quarter of 2014 compared to the previous quarter but soared when compared to the fourth quarter of 2013. Independent mortgage banks and subsidiaries ... MND NewsWire - 10:18AM Price Gains Slow in Most Large Markets Another source is affirming that the rapid growth in home prices that started in 2013 has continued to slow and that the deceleration is broad based . RealtyTrac's February Home Price ... MBS Commentary - 12:02PM MBS MID-DAY: Big Improvements for Bonds After NFP; Early Close NOTE : This is the mid-day and the 'recap' as bond markets are not only closing early (noon ET), but were effectively closed after the initial NFP reaction. Traders were only here for ... Merger Mania; Summary of the Trends Impacting Lenders and Realtors MBS Day Ahead: Jobs Day! Opportunity and Risk Latest Video Yields react to March jobs number US added 126K jobs in March Mortgage apps surge More News from 'Around the Web' Calculated Risk Blog - 11:22AM Employment Report Comments and Graphs WSJ - 11:22AM The March Jobs Report in 11 Charts Bloomberg - 10:39AM The March Jobs Report Was a Wake-Up Call About the Impact of the Strong Dollar WSJ - 10:37AM Economists React to the March Jobs Report: 'Bottom Line: Ouch' WSJ - 10:35AM For Fed, Question of Whether Jobs Weakness Will Continue or Prove an Aberration WSJ - 10:35AM Why Are Wages Growing Slowly Despite McDonald's, Wal-Mart Raises? CNBC - 8:45AM US added 126K jobs in March, vs 245K expected, jobless rate stays at 5.5% Today's Rates Best Execution Rate Change 30 Yr FRM 3.62% -0.08 15 Yr FRM 2.97% -0.05 FHA 30 Year Fixed 3.25% -0.10 Jumbo 30 Year Fixed 3.57% -0.04 5/1 Yr ARM 3.00% -0.03 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 3.0 102.63 +0.34 30YR FNMA 3.5 105.34 +0.25 30YR GNMA 3.0 103.25 +0.25 30YR GNMA 3.5 105.69 +0.14 15YR FNMA 3.0 105.03 +0.17 15YR FNMA 2.5 103.03 +0.27 Treasuries Yield Change 2 YR 0.4841% -0.0555 5 YR 1.2582% -0.0924 10 YR 1.8416% -0.0710 30 YR 2.4880% -0.0426 Prices as of: 4/3/2015 12:06PM 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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