Daily Newsletter: Rates End Another Week at Lows; Would Fed Surprise Really Matter?; Congress Asked For Breathing Room on TRID

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30 Year Fixed 3.93%   -0.08 15 Year Fixed 3.21%   -0.04 10YR Treasury 2.15%   -0.0895 FNMA 30YR 3.5 104.39   +0.34 FNMA 15YR 2.5 104.45   -0.03 View Today's Rates

Friday May 15, 2015 Mortgage Rate Watch - 4:52PM Mortgage Rates End Another Week at Lows Mortgage rates improved for a second day, and ended at their lowest levels for a second straight week. The most prevalent conventional 30yr fixed quote remains 4.0% for top tier borrowers ... MND NewsWire - 3:55PM Would a Fed Rate Hike Surprise Really Matter? Any change in interest rates will be sprung on the markets if John Williams, Federal Reserve Bank of San Francisco president, gets his way. While we suspect that any shock value surrounding ... MND NewsWire - 3:41PM Groups Ask Congress for "Breathing Room" on TRID There was an unusual degree of consensus at a Congressional hearing on implementation of the new Truth-in-Lending (TILA) and RESPA Integrated Disclosure Rule (TRID). All four individuals ... MBS Commentary - 12:54PM MBS MID-DAY: Low Gas Prices Now Like QE. Here's How That's Helping Us Be warned that the following reduces a complex, multifaceted issue to one of its individual components. It's merely an examination of this one component (and a superficial one at that ... New Home Financing Applications Continue Strong CFPB Addresses Section 8; NAR, MBA, NAMB, Congress to CFPB: "Don't TRID on Me!" MBS Day Ahead: Bond Markets Look for Another Good Day to Solidify a Bounce Latest Video New home sales 'way down': Pro What's wrong with housing? Santelli Exchange: Word of caution More News from 'Around the Web' Bloomberg - 4:44PM China's Holdings of Treasuries Rise for First Time Since August www.cfpbmonitor.com - 3:35PM Shelby Draft Regulatory Relief Bill Addresses Various Residential Mortgage Issues Calculated Risk Blog - 1:40PM Early Read on Existing Home Sales in April Bloomberg - 1:39PM Fannie-Freddie Overseer Offers Update on Single-Security Plan WSJ - 1:39PM New Fed Bill Is Like 'Shutting Down the Fire Department to Encourage Fire Safety,' Bernanke Says Fannie Mae - 1:38PM Statement on Single Security Update from Andrew Bon Salle ... Reuters - 11:20AM U.S. industrial output falls for fifth straight month Bloomberg - 10:58AM Consumer Sentiment in U.S. Plunged in May by Most in Two Years CNBC - 10:57AM Economists slash 2015 growth forecasts CNBC - 10:55AM Housing by the numbers—weirdness Calculated Risk Blog - 10:45AM Fed: Industrial Production decreased 0.3% in April CNBC - 8:50AM NY manufacturing activity rises in May CNBC - 8:39AM 'Nowhere near where we should be': Mortgage Assn House Financial Services - 12:48AM Subcommittee Surveys Impact of CFPB Rule Change on Mortgage Settlement Process Bloomberg - 12:48AM BofA Leads U.S. Banks With Insatiable Demand for Mortgage Bonds CNBC - 12:48AM Europe seen higher after Draghi comments Today's Rates Best Execution Rate Change 30 Yr FRM 3.93% -0.08 15 Yr FRM 3.21% -0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.75% -0.07 5/1 Yr ARM 2.99% +0.04 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 4.00% 0.36 +0.07 15 Yr. Fixed 3.23% 0.40 +0.04 30 Yr. Jumbo 3.99% 0.33 +0.08 30 Yr. FHA 3.76% 0.14 +0.06 5/1 ARM 3.00% 0.46 +0.13 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 3.0 101.17 +0.48 30YR FNMA 3.5 104.39 +0.34 30YR GNMA 3.0 102.39 +0.42 30YR GNMA 3.5 105.02 +0.31 15YR FNMA 3.0 104.45 -0.03 15YR FNMA 2.5 102.19 +0.05 Treasuries Yield Change 2 YR 0.5403% -0.0038 5 YR 1.4652% -0.0460 10 YR 2.1512% -0.0895 30 YR 2.9386% -0.1241 Prices as of: 5/15/2015 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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