Daily Newsletter: Why The Fed Shouldn't Wait to Raise Rates; $5.28mln Fine Over Licensing and CE; Rates Flat Over Weekend; Millennials Choosing Houses over Weddings

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30 Year Fixed 3.71%   +0.01 15 Year Fixed 3.03%   +0.00 10YR Treasury 1.93%   -0.0192 FNMA 30YR 3.5 105.02   -0.11 FNMA 15YR 2.5 104.98   +0.13 View Today's Rates

Monday April 13, 2015 MND NewsWire - 4:25PM Why The Fed Shouldn't Wait to Raise Rates -Wells Fargo There are risks involved in doing nothing two economists contend, referring to the Federal Reserve's signal at its March Open Market Committee (FOMC) meeting that it would further delay ... MND NewsWire - 3:07PM Lender Fined $5.28 mln for Cheating on Licensing and CE New Day Financial LLC has settled with mortgage regulators in 43 states over allegations they helped employees with some major cribbing on critical professional licensing procedures ... Mortgage Rate Watch - 4:49PM Mortgage Rates Mostly Unchanged Over the Weekend Mortgage rates didn't move much over the weekend in terms of lenders' rate sheets. Most are offering the same conventional 30yr fixed rate of 3.75% to top tier borrowers. Some of the ... Pipeline Press - 9:51AM Millennials: Wedding vs House - Parents Ride to the Financial Rescue We're approaching the home buying season. What could $412k pick up in Detroit during the last home buying season? Here you go . Thanks to Brian B. for passing this along. Realtors, ... MBS MID-DAY: Exceptionally Quiet Mondays are Becoming a Tradition MBS Week Ahead: MBS Roll; Which Way do We Go? Latest Video Will REITS keep rising? Earnings in focus Blackstone: a real estate giant More News from 'Around the Web' Bloomberg - 4:35PM Now Is the Right Time for Homeowners to Refinance WSJ - 4:33PM New York Fed Still Searching for Cause of Oct. 15's Wild Treasury Volatility Market Watch - 2:18PM The Wall Street Journal: What to look for in Wells Fargo earnings WSJ - 12:22PM Fed Seeks Comment on Technical Details of Interest on Reserves Power Calculated Risk Blog - 12:21PM Q1 Report on Commercial Real Estate www.csbs.org - 12:20PM State Mortgage Regulators Take Action against New Day Financial, LLC CNBC - 12:20PM Blackstone's real estate by the numbers Reuters - 9:43AM Greece casts shadow as ECB money printing buoys euro zone Bloomberg - 8:47AM European Bond Buyers Find Negative Yields Netting Positive Returns CNBC - 8:37AM Fed's Williams: Less risk of rate retreat Calculated Risk Blog - 12:01AM LA Times: Office Vacancy Rate Declines Today's Rates Best Execution Rate Change 30 Yr FRM 3.71% +0.01 15 Yr FRM 3.03% +0.00 FHA 30 Year Fixed 3.35% +0.00 Jumbo 30 Year Fixed 3.66% +0.01 5/1 Yr ARM 3.08% -0.01 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 3.66% 0.60 -0.04 15 Yr. Fixed 2.93% 0.60 -0.05 1 Yr. ARM 2.46% 0.40 +0.00 5/1 Yr. ARM 2.83% 0.50 -0.09 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 3.0 102.27 -0.11 30YR FNMA 3.5 105.02 -0.11 30YR GNMA 3.0 103.27 +0.36 30YR GNMA 3.5 105.80 +0.27 15YR FNMA 3.0 104.98 +0.13 15YR FNMA 2.5 102.95 +0.14 Treasuries Yield Change 2 YR 0.5361% -0.0240 5 YR 1.3701% -0.0294 10 YR 1.9316% -0.0192 30 YR 2.5776% -0.0076 Prices as of: 4/13/2015 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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