Daily Newsletter: Fannie's Big Revolving Debt Policy Change; Rates Not Yet Committed to Recovery; Running out of Housing Headlines

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30 Year Fixed 3.97%   +0.00 15 Year Fixed 3.22%   +0.00 10YR Treasury 2.13%   -0.0122 FNMA 30YR 3.5 104.36   +0.13 FNMA 15YR 2.5 104.23   -0.03 View Today's Rates

Wednesday May 27, 2015 Mortgage Rate Watch - 5:04PM Mortgage Rates Still Not Fully Committed to Recovery Mortgage rates moved sideways-to-slightly lower in most cases today, but only after underlying bond markets fought back from morning weakness. Before that, most lenders were offering ... MND NewsWire - 2:47PM Paid-Off Revolving Debt No Longer Required to be Closed - Fannie Fannie Mae has issued a slew of updates, clarifications, and extensions affecting its Selling Guide . Announcement SEL-2015-06 includes the following changes. The most notable change ... MND NewsWire - 3:39PM Running Out of Ways to Say 'Housing Weak but Improving' Freddie Mac said that its Multi-Indicator Market Index (MiMI) for March continues to indicate a weak housing market overall but both monthly and quarterly improvement. The Index was ... MND NewsWire - 10:23AM Ebbing Refinance Demand Weighs on Mortgage Applications Mortgage applications declined overall for the fifth straight week even though there was a slight uptick in applications for purchase mortgages. The Mortgage Bankers Association (MBA ... Interesting Trends in FHLB, Subprime, and Non-Agency MBS Issuance; So What if Greece Defaults? MBS MID-DAY: Bonds Battle Back After Getting Hit by Greece Headlines MBS Day Ahead: Bonds Run Out of Data and Events Just When Things are Getting Good Latest Video House flippers cleaning up Housing heats up Santelli: Pay attention to this trade... More News from 'Around the Web' CNBC - 6:10PM Toll Brothers CEO: Very strong housing market freddiemac.mwnewsroom.com - 6:10PM Freddie Mac Issues Monthly Volume Summary for April 2015 WSJ - 6:09PM Loans For Builders Not Quite Keeping Pace Bloomberg - 4:33PM One-Third of U.S. Workers Want Longer Hours Even With No Raise Calculated Risk Blog - 4:33PM Expect Case-Shiller National House Price Index up 4.0% year-over-year change in April The Big Picture - 2:07PM Rental Fever Calculated Risk Blog - 12:07PM FDIC: Fewer Problem banks, Residential REO Declines in Q1 Reuters - 11:01AM Homebuilder Toll Brothers profit beats estimates freddiemac.mwnewsroom.com - 11:00AM Nearly 80 Percent of Top 100 U.S. Housing Markets Improving Bloomberg - 10:55AM ECB Keeps Europe's Bond Traders Guessing on Frontloading Policy WSJ - 9:01AM What We've Learned from Yellen and Fischer Bloomberg - 8:56AM Maybe Alan Greenspan Was Right About Floating-Rate Mortgages CNBC - 8:55AM Mortgage applications drop as refinancing stalls CNBC - 8:12AM All eyes on the dollar, bond yields Reuters - 8:12AM Bernanke sees no extreme moves in U.S. markets, asset prices CNN - 8:12AM House hunting horror stories Today's Rates Best Execution Rate Change 30 Yr FRM 3.97% +0.00 15 Yr FRM 3.22% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.78% -0.01 5/1 Yr ARM 3.00% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.38% 1.18 +0.05 30 Yr. Fixed 3.95% 1.30 +0.04 MBA ** 30 Yr. Fixed 4.04% 0.32 +0.04 15 Yr. Fixed 3.26% 0.30 +0.03 30 Yr. Jumbo 4.04% 0.25 +0.05 30 Yr. FHA 3.80% 0.06 +0.04 5/1 ARM 2.99% 0.45 -0.01 Freddie Mac ** 30 Yr. Fixed 3.84% 0.70 -0.01 15 Yr. Fixed 3.05% 0.60 -0.02 1 Yr. ARM 2.51% 0.40 +0.03 5/1 Yr. ARM 2.88% 0.50 -0.01 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 3.0 101.20 +0.13 30YR FNMA 3.5 104.36 +0.13 30YR GNMA 3.0 102.16 +0.14 30YR GNMA 3.5 104.67 +0.13 15YR FNMA 3.0 104.23 -0.03 15YR FNMA 2.5 101.95 0.00 Treasuries Yield Change 2 YR 0.6485% +0.0342 5 YR 1.5270% +0.0034 10 YR 2.1285% -0.0122 30 YR 2.8680% -0.0316 Prices as of: 5/27/2015 4:32PM 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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