Daily Newsletter: Mortgage Rates Taking 'Elevator Up, Stairs Down'; Housing Headwinds or Housing Bubble?

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30 Year Fixed 4.14%   +0.04 15 Year Fixed 3.33%   +0.03 10YR Treasury 2.41%   +0.0362 FNMA 30YR 3.5 102.64   -0.17 FNMA 15YR 2.5 103.34   -0.06 View Today's Rates

Tuesday June 23, 2015 Mortgage Rate Watch - 4:24PM Mortgage Rates Caught in 'Elevator Up, Stairs Down' Cycle Mortgage rates , true to recent form, can't catch a break . Just when we think we might be seeing a glimmer of hope, we're treated to several days of painfully higher rates. Of course ... MND NewsWire - 12:03PM New Home Sales an Astounding 19.5% Higher Year-Over-Year The good news in housing continued this morning with a report on May new home sales. According to the Census Bureau and the Department of Housing and Urban Development (HUD) sales of ... MND NewsWire - 10:31AM FHFA Reports Respectable April Home Price Increases Prices across the U.S. rose 0.3 percent on a seasonally adjusted basis in April compared to March the Federal Housing Finance Agency (FHFA) said today. On an annual basis prices were ... Pipeline Press - 10:28AM Up-to-the-Minute TRID Info; The Problem with APR; MI Company's Focus History lesson anyone? In the spring of 1861 the state convention in Richmond, Virginia declared secession. Nearly all delegates from counties west of the Allegheny Mountains voted ... MBS MID-DAY: Bonds Battle Back to Modest Weakness MBS Day Ahead: The Big Risk Latest Video Housing bubble brewing Home rental prices spike Santelli Exchange: Housing headwinds More News from 'Around the Web' freddiemac.mwnewsroom.com - 3:37PM Freddie Mac June 2015 U.S. Economic and Housing Market Outlook Bloomberg - 2:43PM Momentum in U.S. Housing Spurs Economy as Factories Struggle Bloomberg - 2:08PM German Debt Chief to Bond Market: You All Saw Worse in 2008 www.menendez.senate.gov - 2:07PM Menendez Leads Call for Investigation, Action to Address Mortgage Industry Housing Discrimination in Minority Communities WSJ - 12:27PM Fed Officials Take Confidentiality 'Very Seriously,' Powell Says Bloomberg - 12:27PM Tsipras Party Members Voice Reservations Over Greek Funding Plan Calculated Risk Blog - 12:26PM Comments on New Home Sales and Prices Bloomberg - 12:26PM Bored by Stocks? Try Bonds, That's Where the Action Is Lately www.realtor.com - 11:54AM New Home Sales Are on Track for a 7-Year High—But There Still Aren't Enough to Meet Demand www.builderonline.com - 11:54AM No Bubbles: Housing Upturn Not Expected to Burst CNBC - 10:34AM The hidden costs of home ownership CNBC - 10:06AM New home sales hit 546K in May, versus 530K estimate Calculated Risk Blog - 10:05AM FHFA: House Prices increased 0.3% in April, Up 5.3% Year-over-year CNBC - 9:13AM Greece close to a deal-so why is the euro falling? Reuters - 8:56AM Greek offer to creditors runs into angry backlash at home Reuters - 8:56AM U.S. core capital goods orders rise; transportation orders fall CNBC - 8:56AM Fed's Powell: Up to 2 rate hikes possible this year CNBC - 8:55AM City with fastest growing rent CNBC - 8:55AM Housing on verge of 'breakout': Trader www.gallup.com - 8:54AM U.S. Economic Confidence Index at -9 Today's Rates Best Execution Rate Change 30 Yr FRM 4.14% +0.04 15 Yr FRM 3.33% +0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.93% +0.03 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 4.00% 0.70 -0.04 15 Yr. Fixed 3.23% 0.50 -0.02 1 Yr. ARM 2.53% 0.20 +0.00 5/1 Yr. ARM 3.00% 0.40 -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 99.13 -0.19 30YR FNMA 3.5 102.64 -0.17 30YR GNMA 3.0 100.52 -0.20 30YR GNMA 3.5 103.27 -0.20 15YR FNMA 3.0 103.34 -0.06 15YR FNMA 2.5 100.88 -0.06 Treasuries Yield Change 2 YR 0.6779% +0.0163 5 YR 1.6938% +0.0134 10 YR 2.4105% +0.0362 30 YR 3.1998% +0.0334 Prices as of: 6/23/2015 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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