Daily Newsletter: Mortgage Rates Near 11-Month Lows; What's Up With Crazy Market Moves?; Housing Bill Fizzles; Foreclosure Crisis Over?

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30 Year Fixed 4.15%   -0.02 15 Year Fixed 3.28%   -0.01 10YR Treasury 2.50%   -0.0481 FNMA 30YR 3.5 102.52   +0.09 FNMA 15YR 2.5 103.72   -0.03 View Today's Rates

Thursday May 15, 2014 Mortgage Rate Watch - 4:13PM Mortgage Rates Approach 11-Month Lows Mortgage rates kept moving lower today as European markets continued to provide an unexpectedly large boost in demand for domestic bond markets. Those markets include MBS, the mortgage ... MBS Commentary - 12:37PM MBS MID-DAY: What's up with today's crazy bond market rally? Even seasoned market-watchers might be thrown for a bit of a loop by today's surprisingly strong bond market rally. After all, we just had a surprisingly strong bond market rally yesterday ... MND NewsWire - 2:05PM Johnson-Crapo Bill passes Banking Committee, Margins Smaller than Hoped S 1217, the Johnson-Crapo housing reform bill passed the Senate Banking Committee today. Committee chairman Tim Johnson (D-SD) had hoped to send the bill to the whole Senate with at ... MND NewsWire - 10:56AM Foreclosure Crisis in Final Stages? The increase in bank repossessions or completed foreclosures in April even as other foreclosure statistics declined may indicate that the housing crisis is in its final stages RealtyTrac ... Home Builder Confidence Remains Below Par MBS RECAP: Bond Markets Rally Big and Early, but Fade into Afternoon Company Funding; Johnson Crapo Update; Why CEOs Don't Rely on Interest Rate Predictions MBS Day Ahead: Busiest Day of Economic Data Presents Good Opportunity Latest Video Why Treasury rally is temporary 3 reasons bond yields are falling Santelli Exchange: Volatility has arrived More News from 'Around the Web' The Huffington Post - 3:49PM White House: Senate Panel's Housing Vote 'Marks Important Progress' WSJ - 3:08PM Quarterly Foreclosure Rate is Near Pre-Crisis Levels Bloomberg - 1:18PM Stubborn Bond Bears Double Down on Money-Losing Wager - Bloomberg House Financial Services - 1:14PM Chairman Hensarling's Statement on Senate Banking Committee Action Google News - 1:13PM Forecast for Housing and the Economy Suggests Gradual Improvement through 2015 NAHB - 11:53AM Statement from NAHB Chairman on Senate Panel?s Passage of Housing Finance Reform Bill CNBC - 11:45AM Stocks slammed as bonds catch fire CNBC - 11:43AM Fannie-Freddie wind down law unlikely Market Watch - 10:59AM Housing-reform bill has insufficient support: Senate panel chief Reuters - 10:19AM Jobless claims fall to seven-year low Reuters - 10:19AM Consumer prices post biggest gain in 10 months CNBC - 10:19AM US output slides at fastest rate in nearly 2 years freddiemac.mwnewsroom.com - 10:19AM Fixed Mortgage Rates Remain at Six Month Low CNBC - 10:15AM Home builders losing confidence in recovery CNBC - 8:29AM Time to privatize mortgage finance CNBC - 8:29AM Foreclosures fall in April WSJ - 8:28AM Five Key Hurdles in Fannie, Freddie Overhaul Today's Comments MBS Live Chat - 12:00PM "locking everything, dont trust this rally at all..." MBS Live Chat - 12:03PM "definitely makes sense to respect 2.47. The consequences grow more serious the longer we go without breaking through...." MBS Live Chat - 12:18PM "Can dips like this ever just be a little profit taking?..." MBS Live Chat - 12:19PM "yes, any move can be profit-taking...." MBS Live Chat - 12:20PM "a move higher in MBS Prices can be profit-taking by short-sellers..." MBS Live Chat - 12:20PM "Seems like mid day ish during big rallies there's often a dip..." MBS Live Chat - 12:21PM "most of the time, however, a move starts for a different reason and then there's a domino effect from "trailing stops." Just a fancy way of saying I'm not going to take profits when MBS hit highs--rather, I'd wait until they start coming off the highs by a predetermined amount. Once I've had enough weakness..." MBS Live Chat - 12:22PM ""Seems like mid day ish during big rallies there's often a dip" - excellent observation, and there's a very light-bulb-ish reason. Anyone want to take a stab at it? It's something we've touched on occasionally...." MBS Live Chat - 12:22PM "Eu markets closed..." MBS Live Chat - 12:22PM "winner..." Today's Rates Best Execution Rate Change 30 Yr FRM 4.15% -0.02 15 Yr FRM 3.28% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.93% -0.02 5/1 Yr ARM 3.20% -0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.80% 1.10 +0.13 30 Yr. Fixed 4.67% 1.44 +0.13 MBA ** 30 Yr. Fixed 4.39% 0.22 -0.04 15 Yr. Fixed 3.48% 0.12 -0.04 30 Yr. Jumbo 4.29% 0.16 +0.00 30 Yr. FHA 4.09% 0.00 -0.04 5/1 ARM 3.17% 0.24 -0.04 Freddie Mac ** 30 Yr. Fixed 4.20% 0.60 -0.01 15 Yr. Fixed 3.29% 0.60 -0.03 1 Yr. ARM 2.43% 0.50 +0.00 5/1 Yr. ARM 3.01% 0.40 -0.04 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 98.52 +0.19 30YR FNMA 3.5 102.52 +0.09 30YR GNMA 3.0 100.56 +0.13 30YR GNMA 3.5 103.84 +0.14 15YR FNMA 3.0 103.72 -0.03 15YR FNMA 2.5 101.06 -0.03 Treasuries Yield Change 2 YR 0.3589% -0.0121 5 YR 1.5329% -0.0345 10 YR 2.4982% -0.0481 30 YR 3.3336% -0.0431 Prices as of: 5/15/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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