Daily Newsletter: Consumer Housing Outlook Improves; Rates Slightly Lower; Strong Refi Demand Shifts; CFPB Goes After Branch Manager Pay Schemes

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30 Year Fixed 4.10%   -0.03 15 Year Fixed 3.30%   -0.04 10YR Treasury 2.38%   -0.0234 FNMA 30YR 3.5 103.11   +0.28 FNMA 15YR 2.5 103.53   +0.16 View Today's Rates

Monday June 8, 2015 MND NewsWire - 4:59PM Rising Income, Employment Lift Consumer Housing Outlook The recent improved employment statistics which included an acceleration in average hourly earnings and a reported increase in personal income (a March to April bump of 0.4 percent ... Mortgage Rate Watch - 3:46PM Mortgage Rates Fall Slightly from 2015 Highs Mortgage rates were just slightly lower today, but only erased a small portion of Friday's move to 2015 highs. Friday notwithstanding, today's rates would be the highest since early ... MND NewsWire - 12:31PM Mortgage Monitor Shows Reversal in Strong Q1 Refi Demand While the trend will likely continue to reverse in the next few reports, refinancing, as a share of total originations, made an impressive recovery through the first quarter of 2015 ... Pipeline Press - 10:25AM CFPB Fines Lender for Paying Branch Managers on Interest Rates; Hedging Philosophy According to the U.S. Census Bureau, 21.3 percent of the American population (52.2 million people) participated in government assistance programs each month in 2012. The participation ... REO Sales Share Below One-Third of Peak MBS MID-DAY: Global Bond Markets Consolidating After ECB/NFP Sell-Off MBS Week Ahead: Why It's So Scary Latest Video Mortgage modification shift Economists rethink GDP estimates Rate hike? Likely September: Economist More News from 'Around the Web' Fannie Mae - 4:29PM News Release - Americans' Housing Optimism Gains More ... www.builderonline.com - 3:04PM Top 10 Markets with Overpriced Homes WSJ - 2:57PM They Put a Face on the '90s Homeownership Push. Then They Lost Their Home WSJ - 2:57PM ECB's Mersch Downplays Danger From European Government Bond Yields' Rise CNBC - 1:07PM Modifications fail troubled mortgages Calculated Risk Blog - 12:22PM Labor Force Participation Rate: There are few "Missing 41-Year-Olds" www.realtor.com - 11:18AM New Housing Headwind Looms as Fewer Renters Can Afford to Own Calculated Risk Blog - 10:08AM Merrill and Goldman Expect GDP to Rebound in Q2 Bloomberg - 10:07AM Gone Are The Days When Higher European Bond Yields Spelled Disaster CNBC - 10:07AM 'Unprecedented' volatility in bond markets: Goldman Reuters - 8:51AM Greek government eyes compromise with lenders, rules out snap polls CNBC - 8:41AM US Treasurys mixed; rate outlook in focus Calculated Risk Blog - 8:38AM Black Knight April Mortgage Monitor Today's Rates Best Execution Rate Change 30 Yr FRM 4.10% -0.03 15 Yr FRM 3.30% -0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.91% -0.03 5/1 Yr ARM 3.00% -0.03 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 3.87% 0.60 +0.00 15 Yr. Fixed 3.08% 0.50 -0.03 1 Yr. ARM 2.59% 0.20 +0.09 5/1 Yr. ARM 2.96% 0.50 +0.06 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 99.52 +0.28 30YR FNMA 3.5 103.11 +0.28 30YR GNMA 3.0 100.70 +0.09 30YR GNMA 3.5 103.55 +0.20 15YR FNMA 3.0 103.53 +0.16 15YR FNMA 2.5 101.03 +0.19 Treasuries Yield Change 2 YR 0.6888% -0.0278 5 YR 1.7088% -0.0330 10 YR 2.3842% -0.0234 30 YR 3.1161% +0.0033 Prices as of: 6/8/2015 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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