Daily Newsletter: Mortgage Rates Quickly up to 6 Week Highs; Rise in Cash-Out Refis; Mortgage Industry Already Protecting Consumers; Construction Spending Softens

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30 Year Fixed 3.84%   +0.02 15 Year Fixed 3.16%   +0.03 10YR Treasury 2.11%   +0.0730 FNMA 30YR 3.5 104.50   -0.34 FNMA 15YR 2.5 104.44   -0.25 View Today's Rates

Friday May 1, 2015 Mortgage Rate Watch - 3:49PM Mortgage Rates Quickly up to 6 Week Highs Mortgage rates are in the midst of a serious move higher . This requires some context though, because not all serious moves higher are the same. In the current case, the serious move ... MND NewsWire - 11:38AM Borrowers inching back into Cash-Out Refinancing The first quarter of 2015 was the third in a row that more than half of the refinances funded through Freddie Mac were cash out transactions. The company said that 27 percent of its ... Community Commentary - 3:31PM How the Mortgage Industry Already Protects Consumers As the Consumer Finance Protection Bureau enters its second year as the oversight regulator for the mortgage industry, the bulk of media focus is on how difficult it is to get a loan ... MND NewsWire - 11:00AM Construction Spending Softened in March Total construction spending fell in March from February levels and remained only slightly higher than one year earlier the Census Bureau said today. Overall spending was down 0.6 percent ... MBS MID-DAY: A Real Mayday For Bond Markets? Rents Up, Vacancies Down - Music to Lender's Ears - How Much for a Place in San Francisco? MBS Day Ahead: First Day of the Rest of the Year Latest Video Santelli: Keep your eye on the 10-year How you can win a bidding war Weakening Q2 GDP forecasts More News from 'Around the Web' Bloomberg - 4:18PM Fed's Williams Says Monetary-Policy Rule Wouldn't Work for Fed www.builderonline.com - 3:29PM Is Credit Too Tight, or is Demand Too Soft? CNBC - 2:06PM Chase says its website is temporarily unavailable CNBC - 12:16PM Half of salary on housing Reuters - 11:34AM Mester says June 'on the table' for possible Fed rate hike Bloomberg - 11:31AM First Loss Since 2013 Begs Question: Has Euro Bond Bubble Burst? CNBC - 10:37AM Consumer sentiment at 2nd highest level since 2007 Reuters - 10:36AM U.S. construction spending hits six-month low in March Reuters - 10:36AM U.S. manufacturing growth holds at low level in April, employment shrinks: ISM WSJ - 8:57AM Fed's Mester Says Improved Household Finance Supporting Outlook For Growth www.realtor.com - 1:29AM Where Is Buying Better Than Renting? In the 10 Cities Our Data Team ID'd Calculated Risk Blog - 1:29AM Q1 2015 GDP Details on Residential and Commercial Real Estate CNBC - 1:28AM Tesla launches Tesla Energy line of batteries for homes, businesses and utilities Bloomberg - 1:28AM Euro Holds Biggest Monthly Gain Since 2010 as U.S. Bulls Retreat Calculated Risk Blog - 1:27AM Friday: ISM Manufacturing, Auto Sales, Construction Spending Fannie Mae - 1:27AM News Release - Fannie Mae Releases March 2015 Monthly ... Today's Rates Best Execution Rate Change 30 Yr FRM 3.84% +0.02 15 Yr FRM 3.16% +0.03 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.77% +0.02 5/1 Yr ARM 2.96% +0.00 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 3.68% 0.60 +0.03 15 Yr. Fixed 2.94% 0.60 +0.02 1 Yr. ARM 2.49% 0.40 +0.05 5/1 Yr. ARM 2.85% 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 3.0 101.42 -0.44 30YR FNMA 3.5 104.50 -0.34 30YR GNMA 3.0 102.44 -0.28 30YR GNMA 3.5 105.11 -0.34 15YR FNMA 3.0 104.44 -0.25 15YR FNMA 2.5 102.31 -0.25 Treasuries Yield Change 2 YR 0.5989% +0.0241 5 YR 1.4973% +0.0687 10 YR 2.1082% +0.0730 30 YR 2.8224% +0.0757 Prices as of: 5/1/2015 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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