Daily Newsletter: CFPB Delays TRID; Rates Fall After Fed-Induced Volatility; Most Low End Homes Still Underwater; Refi Apps at 5-Month Lows

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30 Year Fixed 4.09%   -0.02 15 Year Fixed 3.28%   -0.02 10YR Treasury 2.32%   +0.0090 FNMA 30YR 3.5 103.16   +0.06 FNMA 15YR 2.5 103.58   +0.14 View Today's Rates

Wednesday June 17, 2015 Mortgage Rate Watch - 5:20PM Mortgage Rates Modestly Lower After Fed-Induced Volatility Mortgage rates had a wild ride today. Underlying bond markets were significantly weaker leading up to the afternoon's Fed events. During this time, many lenders sent out reprices with ... MND NewsWire - 1:50PM 85% of Low End Homes Remain Underwater More than a quarter of a million homeowners emerged from underwater the first quarter of 2015, an increase of $694 billion in positive equity in homes during the quarter. CoreLogic ... MBS Commentary - 4:42PM MBS RECAP: Big Losses Before Fed, Big Gains After, Thanks to Dots Today turned out to be a fun little diversion for US traders. It's as if they were turned loose to play in the sandbox without the oversight of their strict European parents. That's ... MND NewsWire - 9:58AM Refi Apps at 5-Month Lows Interest rates increased to the highest levels since last fall and the volume of mortgage applications responded as might be expected, falling across the board. The Mortgage Bankers ... Wells Fargo Survey Shows Gap in Homebuying Knowledge Hidden Message in Building Permits Data: Prepare to Rent! Latest Video Yellen: Economy not ready for rate hike Housing overall remains quite affordable: Yellen Fed leaves rates unchanged More News from 'Around the Web' CFPB - 5:07PM CFPB Delays TRID to 10/1/2015 WSJ - 3:40PM Economists React to the Fed's June Statement: 'Mixed Messages' WSJ - 3:38PM Where Are The Boomerang Buyers? Bloomberg - 3:38PM Treasuries Pare Losses After Fed Cuts Longer-Term Rate Forecasts Reuters - 2:31PM Fed says U.S. economy still strong enough to handle rate hike Federal Reserve - 2:25PM Federal Reserve Board and Federal Open Market Committee release economic projections from the June 16-17 FOMC meeting WSJ - 1:18PM Fed Rate Decision and Janet Yellen's Press Conference: What You Need to Know rss.nytimes.com - 1:18PM Everyday Economics: After an Era of Ups and Downs, Home Prices Return to Sanity Bloomberg - 1:17PM A Bond Trader's Tedious, Tea-Leaf-Reading Life on Fed Rates Day Market Watch - 1:17PM Capitol Report: Lew, Hensarling spar over bond market liquidity CNBC - 11:18AM Certain banks lifted from 'robo-signing' review Calculated Risk Blog - 11:18AM Mortgage Equity Withdrawal More Negative in Q1 2015 CNBC - 9:12AM US Treasurys cautious ahead of Fed Bloomberg - 9:09AM Barclays to End Trading in $700 Billion of U.S. Mortgage Bonds CNBC - 9:08AM Higher interest rates revive adjustable-rate loans www.freddiemac.com - 9:07AM Announcing My Home by Freddie Mac Calculated Risk Blog - 1:01AM Wednesday: FOMC Day Bloomberg - 1:00AM Traders Look to Yellen to Reinvigorate Dollar as Gains Vanish - Bloomberg CNBC - 1:00AM Consumer debt defaults hit new lows CNBC - 1:00AM Fed doves expected to fly Today's Rates Best Execution Rate Change 30 Yr FRM 4.09% -0.02 15 Yr FRM 3.28% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.90% -0.02 5/1 Yr ARM 3.12% +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 4.07% 0.35 +0.03 15 Yr. Fixed 3.29% 0.24 +0.03 30 Yr. Jumbo 4.06% 0.29 +0.02 30 Yr. FHA 3.83% 0.16 +0.03 5/1 ARM 3.04% 0.48 +0.05 Freddie Mac ** 30 Yr. Fixed 4.04% 0.60 +0.17 15 Yr. Fixed 3.25% 0.60 +0.17 1 Yr. ARM 2.53% 0.20 -0.06 5/1 Yr. ARM 3.01% 0.40 +0.05 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 99.78 +0.09 30YR FNMA 3.5 103.16 +0.06 30YR GNMA 3.0 101.03 -0.22 30YR GNMA 3.5 103.72 -0.13 15YR FNMA 3.0 103.58 +0.14 15YR FNMA 2.5 101.17 +0.14 Treasuries Yield Change 2 YR 0.6573% -0.0362 5 YR 1.6286% -0.0330 10 YR 2.3183% +0.0090 30 YR 3.0965% +0.0534 Prices as of: 6/17/2015 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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