Daily Newsletter: Lots at Stake for Rates; CFPB Takes on Reverse Mortgages; Credit Access and Origination Profits Improve

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30 Year Fixed 4.08%   -0.02 15 Year Fixed 3.31%   -0.02 10YR Treasury 2.31%   -0.0519 FNMA 30YR 3.5 103.39   +0.27 FNMA 15YR 2.5 103.77   +0.16 View Today's Rates

Thursday June 4, 2015 Mortgage Rate Watch - 4:09PM Mortgage Rates Still Near 2015 Highs. Lots at Stake Tomorrow Mortgage rates bounced back ever-so-slightly today, ultimately doing very little to erase the damage done so far this week. The most prevalently-quoted conventional 30yr fixed rate ... MND NewsWire - 5:08PM Beware those Celebrity Studded Reverse Mortgage Ads - CFPB Older Americans are being warned that ads touting reverse mortgages "that seem too good to be true" might be just that. Rather slyly using a tag line from one popular reverse mortgage ... MND NewsWire - 2:05PM Mortgage Profits Doubled in Q1 Mortgage profits soared in the first quarter of 2015 the Mortgage Bankers Association (MBA) said this week, nearly doubling the per loan net produced in the fourth quarter of 2014. ... MND NewsWire - 10:58AM Mortgage Credit Access Still Improving The availability of mortgage credit continued to rise in May the Mortgage Bankers Association (MBA) said today. Its Mortgage Credit Availability Index (MCAI) rose 0.5 percent from April ... Stevens: CFPB Listened to Input of MBA MBS MID-DAY: Tough Calls to be Made Ahead of NFP Bank M&A Continues; Wide Range of Industry Reaction to TRID Announcement MBS Day Ahead: Black Crows or White Soldiers. Either Way It's Bad, Probably Latest Video Bond selloff just getting started Dr. Doom: Treasury market will rally again IMF: Fed should delay rate hike until 2016 More News from 'Around the Web' WSJ - 3:54PM Bond-Market Volatility Reflects Reality, Not Regulation CNBC - 3:46PM Consumer watchdog weighs in on reverse mortgages www.cfpbmonitor.com - 2:00PM CFPB issues instructions on how industry may place its company logo on the "Home Loan Toolkit" Bloomberg - 2:00PM Bank of America's Supreme Court Win May Boost Lending www.cfpbmonitor.com - 1:58PM CFPB settles loan originator compensation case CNBC - 1:58PM Rate hike? Fed dependent on jobs data, Insana says CNBC - 1:58PM Mortgage rates: 'Definitely in panic mode' WSJ - 12:08PM The Fed's Zero-Rate Policy Boosts Inequality, Nobel Economist Joseph Stiglitz Says CNBC - 12:05PM Hair-raising bond rout leads to capitulation Bloomberg - 11:01AM Fed Urged by IMF to Postpone Rate Liftoff to First Half of 2016 freddiemac.mwnewsroom.com - 11:00AM Mortgage Rates Remain at 2015 Highs Market Watch - 11:00AM How J.P. Morgan and Barclays mistakes inflated the housing bubble Bloomberg - 11:00AM Treasuries Rise for First Time in Four Days as Debt Rout Pauses Bloomberg - 11:00AM When the Bond Bear Market Really Hits, the Way People Talk Is Going to Change CNBC - 9:14AM Jobless claims fall; continuing claims lowest since 2000 WSJ - 9:09AM Has Mario Draghi Lost His Touch? Reuters - 8:57AM U.S. jobless claims fall; continuing claims lowest since 2000 www.gallup.com - 8:55AM U.S. Payroll to Population Rate 44.5% in May Calculated Risk Blog - 1:08AM Mortgage Rates increase to 4.1% Bloomberg - 1:08AM Who Needs Fed as Bond Market Already Lifting Rates Far and Wide Today's Rates Best Execution Rate Change 30 Yr FRM 4.08% -0.02 15 Yr FRM 3.31% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.90% -0.02 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 99.88 +0.28 30YR FNMA 3.5 103.39 +0.27 30YR GNMA 3.0 101.00 +0.20 30YR GNMA 3.5 103.80 +0.25 15YR FNMA 3.0 103.77 +0.16 15YR FNMA 2.5 101.38 +0.20 Treasuries Yield Change 2 YR 0.6646% -0.0079 5 YR 1.6442% -0.0427 10 YR 2.3123% -0.0519 30 YR 3.0463% -0.0550 Prices as of: 6/4/2015 4:32PM 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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