Daily Newsletter: Refinance Pool Grows, but Not Among Sub-620 Credit Scores; Mortgage Rates Weaker at First, but Some PM Improvements; Credit Access Bodes Well for Spring

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30 Year Fixed 3.71%   +0.02 15 Year Fixed 3.03%   +0.02 10YR Treasury 1.88%   -0.0157 FNMA 30YR 3.5 105.16   0.00 FNMA 15YR 2.5 104.91   -0.06 View Today's Rates

Tuesday April 7, 2015 MND NewsWire - 10:46AM Refinance Pool Grows, but Not Among Sub-620 Credit Scores The number of homeowners who could potentially benefit from refinancing has increased by 3 million in the last year according to Black Knight Financial Services' April Mortgage Monitor ... Mortgage Rate Watch - 3:56PM Mortgage Rates Weaker at First. Some Afternoon Improvements Mortgage rates began the day moving slightly higher , further adding to the bounce back from Friday's 2-month lows. This time around, however, the scope of the weakness was limited ... MND NewsWire - 10:31AM Mortgage Credit Access Bodes Well for Spring Market Several factors combined to improve access to mortgage credit last month with the greatest gains coming in conforming loans. The Mortgage Bankers Association (MBA) said its Mortgage ... MBS Commentary - 12:33PM MBS MID-DAY: Bond Markets Battle Back from Opening Weakness To whatever extent liquidity still exists in the bond market, it returned today after holiday-related absences reduced participation to the lowest levels of the year over the past 2 ... Sub-Servicer Review and The State of Selling Servicing MBS Day Ahead: Back to Business For Global Markets; Bond Weakness In Context Latest Video Bonds ahead of the Fed minutes Santelli Exchange: All roads lead to Fed Santelli: Treasury rate rise slows More News from 'Around the Web' Market Watch - 3:55PM Fed bought up half of agency mortgage-backed securities last year Calculated Risk Blog - 3:55PM Q1 Review: Ten Economic Questions for 2015 www.builderonline.com - 3:02PM Second-Home Purchases Trending Upward CNBC - 1:23PM Goldman sees 'close call' on rate hike Calculated Risk Blog - 1:15PM Mortgage Equity Withdrawal Still Negative in Q4 2014 Fannie Mae - 12:17PM Lackluster Income Growth Weighing on Housing WSJ - 12:16PM ECB Hits March Bond Purchase Target Reuters - 10:17AM Fed can be both late and slow to raise rates: Kocherlakota CNBC - 10:16AM Job openings rise to 14-year high Market Watch - 8:48AM BOE calls on banks to brace for Greek eurozone exit CNBC - 8:48AM Americans' view on economy reaches 8-year highs WSJ - 8:44AM On Secular Stagnation, Ben Bernanke's Theory Meets Larry Summers's Evidence Bloomberg - 8:44AM Oil Rout Squeezes Property Owners From Houston to North Dakota Today's Comments MND NewsWire - 2:54PM "With the insane QM and so called "ATR" rules with ridiculous ratio requirements, even more than qualified borrowers with pristine credit are getting turned away...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.71% +0.02 15 Yr FRM 3.03% +0.02 FHA 30 Year Fixed 3.35% +0.05 Jumbo 30 Year Fixed 3.65% +0.02 5/1 Yr ARM 3.04% +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 3.0 102.44 +0.03 30YR FNMA 3.5 105.16 0.00 30YR GNMA 3.0 103.09 +0.06 30YR GNMA 3.5 105.59 -0.03 15YR FNMA 3.0 104.91 -0.06 15YR FNMA 2.5 102.91 -0.06 Treasuries Yield Change 2 YR 0.5199% +0.0199 5 YR 1.3213% +0.0146 10 YR 1.8847% -0.0157 30 YR 2.5194% -0.0391 Prices as of: 4/7/2015 3:59PM 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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