Daily Newsletter: Rates Finally Make a Move, But in Wrong Direction; Home Sales Surge; Mortgage Apps Improve; What Realtors Want

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30 Year Fixed 3.71%   +0.05 15 Year Fixed 3.04%   +0.03 10YR Treasury 1.99%   +0.0753 FNMA 30YR 3.5 104.94   -0.22 FNMA 15YR 2.5 104.70   -0.13 View Today's Rates

Wednesday April 22, 2015 Mortgage Rate Watch - 4:06PM Mortgage Rates Finally Make a Move, But in the Wrong Direction Mortgage rates finally broke out of a persistent sideways grind today. Unfortunately, rates moved higher at a fairly brisk pace . Whereas most lenders were offering conventional 30yr ... MND NewsWire - 11:40AM Surging Home Sales Herald Strong Spring Market The spring housing market blasted in across the county last month and existing home sales jumped 6.1 percent from the February level to the highest annual rate in 18 months. The National ... MND NewsWire - 9:11AM Low Rates and Spring Buying Boosting Mortgage Apps Borrowers responded to some of the lowest interest rates in several months by stepping up applications for mortgage financing. The Mortgage Bankers Association (MBA) said that its Market ... Pipeline Press - 10:59AM What do Realtors Want From Lenders, Millennials From Their Banks? Q1 Solid Lending Numbers Earth Day is celebrated on April 22 nd and this year marks the 45 th anniversary. Leave it to the Census Bureau (known as "The Bureau with a capital "B" to those that work there) to ... MBS MID-DAY: Bonds Finally Break the Monotony, but in an Unfriendly Direction MBS Day Ahead: Finally Some Data, but No Guarantees Latest Video Bullish signs from the housing market Is Q1 GDP data misleading? When will the Fed raise rates? More News from 'Around the Web' Calculated Risk Blog - 4:34PM D.R. Horton: Net Home Orders Up, Prices “Flattish;” Says If Prices are Low Enough, There is “Demand” from First-Time Buyers WSJ - 4:33PM Are Entry-Level Homebuyers Really This Gung-Ho Yet? Reuters - 2:52PM Part-time 'slack' may be nearing its end as Fed debates hike Bloomberg - 2:51PM The Irresistible 2% U.S. Yield Whose Downside Appears Forgotten Bloomberg - 1:14PM D.R. Horton Falls as Lower-Priced Homes Seen Gaining Calculated Risk Blog - 1:14PM A Few Comments on March Existing Home Sales WSJ - 1:14PM If Resale Prices for Homes Are Running Hot, New-Home Prices Are on Fire www.cfpbmonitor.com - 12:17PM CFPB files amicus brief in Fifth Circuit TILA case CNN - 12:08PM The crazy world of negative rates: Banks pay your mortgage for you? CNBC - 10:15AM Boom! Existing home sales hit 18-month high freddiemac.mwnewsroom.com - 10:06AM Over 60 Percent of Top 100 U.S. Housing Markets Improving Market Watch - 9:51AM ECB raises emergency lending cap for Greek banks CNBC - 8:53AM Searching for corporate sales amid housing data CNBC - 8:37AM Stocks better than bonds: BlackRock Bloomberg - 8:37AM U.S. Treasuries Halt Two-Day Decline Amid Tight Trading Range CNBC - 8:35AM Mortgage applications rise 2.3%, led by homebuyers Today's Rates Best Execution Rate Change 30 Yr FRM 3.71% +0.05 15 Yr FRM 3.04% +0.03 FHA 30 Year Fixed 3.40% +0.10 Jumbo 30 Year Fixed 3.65% +0.04 5/1 Yr ARM 3.03% -0.04 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 3.87% 0.38 +0.01 15 Yr. Fixed 3.16% 0.29 +0.01 30 Yr. Jumbo 3.84% 0.35 +0.03 30 Yr. FHA 3.67% 0.23 -0.02 5/1 ARM 2.82% 0.40 +0.06 Freddie Mac ** 30 Yr. Fixed 3.67% 0.70 +0.01 15 Yr. Fixed 2.94% 0.50 +0.01 1 Yr. ARM 2.46% 0.40 +0.00 5/1 Yr. ARM 2.88% 0.50 +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 3.0 102.09 -0.31 30YR FNMA 3.5 104.94 -0.22 30YR GNMA 3.0 102.98 -0.23 30YR GNMA 3.5 105.48 -0.14 15YR FNMA 3.0 104.70 -0.13 15YR FNMA 2.5 102.64 -0.17 Treasuries Yield Change 2 YR 0.5528% +0.0285 5 YR 1.3963% +0.0640 10 YR 1.9858% +0.0753 30 YR 2.6694% +0.0872 Prices as of: 4/22/2015 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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