Daily Newsletter: Purchases Outpacing Refis; Rates Inch Lower; Existing Home Sales Fall Short; Find That Market Mover!

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30 Year Fixed 3.98%   -0.02 15 Year Fixed 3.22%   -0.02 10YR Treasury 2.19%   -0.0688 FNMA 30YR 3.5 104.17   +0.22 FNMA 15YR 2.5 104.31   +0.16 View Today's Rates

Thursday May 21, 2015 MND NewsWire - 5:02PM Purchase Loans Now Outpacing Refis Purchase loans continued to increase as a percentage of loan originations in April. Ellie Mae's Origination Insight Report for the month put the purchase share of all closed loans at ... Mortgage Rate Watch - 3:38PM Mortgage Rates Inch Lower Ahead of Holiday Weekend Mortgage rates moved tentatively lower today. The pace was only slightly better than yesterday when it was all but undetectable. To those expecting more improvement based on trading ... MND NewsWire - 11:01AM Existing Home Sales Fall Short of Expectations Existing home sales in April failed both to match their corresponding numbers in March and to live up to the consensus of analysts in advance of this morning's National Association ... MBS Commentary - 7:34AM MBS Day Ahead: It's Time to Play "Find That Market Mover!" Hi, Welcome to the show. Are you ready to play Find That Market Mover? It's America's favorite game (or at least it's my favorite idea for a topic at the moment, but I'm going somewhere ... MBS MID-DAY: New Definition for ATR: Another Thursday Rally Fiserv to Give CFPB Data; Warning on Suspect Warehouse Lender Latest Video Contradiction in Fed minutes Existing home sales down 3.3% Denver's hot housing market sparks bidding wars More News from 'Around the Web' WSJ - 4:06PM Fed's Williams Touts Value of Inflation Target Market Watch - 2:16PM Fed's Fischer: Very likely eurozone will survive Greek crisis Calculated Risk Blog - 11:52AM A Few Comments on April Existing Home Sales WSJ - 11:52AM More Builders See First-Time Home Buyers Returning WSJ - 10:51AM Is the Fed's 2% Inflation Target Too Low? Fannie Mae - 10:50AM Fannie Mae- 2015 Economic Growth Forecast Market Watch - 10:21AM Philly Fed index falls to 6.7 in May from 7.5 in April Reuters - 10:21AM U.S. home resales unexpectedly fall, tarnishing housing recovery Reuters - 8:54AM U.S. jobless claims rise; four-week average lowest since 2000 Washington Post - 8:53AM Powerful countries are buying up much of the world's land Bloomberg - 8:53AM Your Home Doesn't Matter for Tesla's Dream of a Battery-Powered Planet The Big Picture - 8:39AM Mortgage Borrowing among Most Creditworthy Abates Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% -0.02 15 Yr FRM 3.22% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.80% -0.02 5/1 Yr ARM 2.97% +0.00 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 3.0 100.95 +0.34 30YR FNMA 3.5 104.17 +0.22 30YR GNMA 3.0 101.92 +0.31 30YR GNMA 3.5 104.52 +0.16 15YR FNMA 3.0 104.31 +0.16 15YR FNMA 2.5 101.94 +0.19 Treasuries Yield Change 2 YR 0.5730% -0.0201 5 YR 1.5133% -0.0463 10 YR 2.1915% -0.0688 30 YR 2.9897% -0.0719 Prices as of: 5/21/2015 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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