Daily Newsletter: Mortgage Rates Barely Budge After Fed; Households Better Prepared for Rising Rates; Applications Continue Losing Streak

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30 Year Fixed 4.00%   -0.01 15 Year Fixed 3.24%   -0.01 10YR Treasury 2.26%   -0.0265 FNMA 30YR 3.5 103.95   +0.17 FNMA 15YR 2.5 104.16   +0.03 View Today's Rates

Wednesday May 20, 2015 Mortgage Rate Watch - 5:18PM Mortgage Rates Barely Budge After Fed Minutes Mortgage rates are ending the day very close to unchanged , following what was--by all rights--a supportive reading of the Fed's April Meeting Minutes. The big, nasty surprise that ... MND NewsWire - 1:17PM Households Better Prepared for Rate Increases This Time Earlier this week Freddie Mac asked if the housing market recovery could withstand a rate increase (the answer, with some qualification was yes). Now the economists at Wells Fargo are ... MND NewsWire - 9:13AM Mortgage Applications Continue Losing Streak Mortgage application volume continued a downward spiral during the week ended May 15. The Mortgage Bankers Association's (MBA's) Market Composite Index, a measure of application volume ... MBS Commentary - 5:17PM MBS RECAP: Odds Drastically Increase That "It's Not About The Fed" In this morning's commentary , I said that anxiety over today's FOMC Minutes was misplaced when it comes to defining moments in a potential long-term shift toward higher rates. The ... MBS MID-DAY: Quietly Consolidating Ahead of FOMC Minutes TRID training; Capital Markets FAQs; Bank Ratings - Good News for US Bank and BofA MBS Day Ahead: Markets Waiting For FOMC Today or Yellen Friday or Neither? Latest Video Reading into the Fed minutes Santelli: A game of tightening chicken Santelli Exchange: Let's ponder a June rate hike More News from 'Around the Web' CNBC - 4:51PM Recession still choking US economy Bloomberg - 4:47PM 'Game On' for Fannie-Freddie's Apartment Lending, Walker Says CNBC - 3:39PM BEA sees issue with GDP data Reuters - 3:36PM Greece says it will default in June without aid from lenders Realtor.Org - 3:32PM Challenges Loom for Real Estate Industry, NAR Report Finds CNBC - 2:18PM Fed: Weakness 'transitory,' but no June rate hike Federal Reserve - 2:18PM Minutes of the Federal Open Market Committee, April 28-29, 2015 Washington Post - 12:04PM Five big banks agree to pay more than $5 billion to settle regulatory charges www.cfpbmonitor.com - 12:02PM Shelby regulatory relief bill would create GLBA annual privacy notice exception Calculated Risk Blog - 10:39AM AIA: Architecture Billings Index declined in April CNBC - 8:52AM Yellen speech a bigger focus than Fed minutes Reuters - 8:51AM Home improvement chain Lowe's profit rises 8 percent Bloomberg - 8:49AM Treasuries Rise on Speculation Fed Minutes to Focus on Slowdown Bloomberg - 8:48AM German 10-Year Bonds Rise a 2nd Day With Yield Falling to 0.58% Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% -0.01 15 Yr FRM 3.24% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.82% +0.00 5/1 Yr ARM 2.97% -0.01 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 3.85% 0.60 +0.05 15 Yr. Fixed 3.07% 0.50 +0.05 1 Yr. ARM 2.48% 0.40 +0.02 5/1 Yr. ARM 2.89% 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 3.0 100.61 +0.17 30YR FNMA 3.5 103.95 +0.17 30YR GNMA 3.0 101.61 +0.17 30YR GNMA 3.5 104.36 +0.17 15YR FNMA 3.0 104.16 +0.03 15YR FNMA 2.5 101.75 +0.02 Treasuries Yield Change 2 YR 0.5931% -0.0242 5 YR 1.5596% -0.0413 10 YR 2.2603% -0.0265 30 YR 3.0616% -0.0105 Prices as of: 5/20/2015 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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