Daily Newsletter: Rates Rise After Fed Statement; Former Countrywide Employee gets $57 mln in BofA Case; Mortgage Apps Languish Despite Low Rates

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30 Year Fixed 3.82%   +0.02 15 Year Fixed 3.11%   +0.01 10YR Treasury 2.13%   +0.0713 FNMA 30YR 3.5 104.22   -0.14 FNMA 15YR 2.5 103.94   -0.16 View Today's Rates

Wednesday December 17, 2014 Mortgage Rate Watch - 5:23PM Mortgage Rates Slightly Higher After Fed Announcement Mortgage rates rose at an acceptable pace today, following the FOMC Announcement and press conference. Rates are driven by bond markets (mortgage-backed-securities, to be specific) ... MND NewsWire - 4:46PM Former Countrywide Employee Awarded $57 Million in BofA Whistleblower Case The person who perhaps made it possible for state and federal governments to collect billions from the Bank of America will apparently be amply compensated for his actions. The New ... MND NewsWire - 9:39AM Lower Rates Fail to Stir Mortgage Applications Mortgage applications were down modestly during the week ended December 12, with purchase applications accounting for the decline. The Mortgage Bankers Association said its Market Composite ... MBS Commentary - 4:53PM MBS RECAP: Fed's Tricky Statement Lets Markets Choose Their Own Adventure Today's FOMC Announcement and ensuing press conference caused significant volatility (albeit, within a historically narrow range) for bond markets. One of the main reasons for the initial ... MBS MID-DAY: Volatility Within a Range Ahead of FOMC Builder and Lot Price Trends; Ellington Cash Infusion; Latest on Fannie & Freddie MBS Day Ahead: Market Momentum vs FOMC Announcement Latest Video Santelli Exchange: 'Considerable period'... really? Yellen surprised by weak housing recovery Pulte's 2015 housing strategy More News from 'Around the Web' WSJ - 4:31PM Economists React to the Fed's December Decision: 'What Was The Point!' IMF - 4:30PM Resolving Residential Mortgage Distress: Time to Modify? Reuters - 4:30PM BofA 'Hustle' whistleblower earns $57 million payout in second case Market Watch - 3:37PM Ex-Countrywide exec to receive more than $57 million for whistle blowing: NYT Bloomberg - 3:36PM BofA Sued by Credit Union Regulator for MBS Oversight - Bloomberg Reuters - 2:41PM Fed confident in U.S. growth outlook, opens door wider to rate hike Fannie Mae - 2:40PM Fannie Mae: Mortgage Lender Sentiment Survey Results Show Increased Concerns with Mortgage Demand Growth CNBC - 2:38PM Here's what changed in new Fed statement CNBC - 2:38PM Fed leaves 'considerable time' statement CNBC - 2:38PM What bothers me the most in Fed statement: Insana CNBC - 1:27PM Home builder's new sweet spot: the 55-plus crowd Bloomberg - 11:56AM Five Reasons Traders Say the Fed Has Much to Learn From Markets - Bloomberg www.cfpbmonitor.com - 11:54AM Congress votes unanimously to extend SCRA one-year foreclosure protection period Bloomberg - 11:54AM Ackman Says Pershing 'Meaningfully' Built Fannie-Freddie Bet - Bloomberg Calculated Risk Blog - 10:35AM AIA: Architecture Billings Index shows slower expansion in November Market Watch - 10:35AM Investors who ignore Treasury's warning will pay the price WSJ - 10:34AM NYC Apartment Market Set Records in 2014 WSJ - 9:00AM Hilsenrath Analysis: A 'Strong Possibility' Fed Will Drop 'Considerable Time' CNBC - 8:59AM Fed needs to do THIS before rate hike: El-Erian Reuters - 8:59AM U.S. consumer inflation posts largest decline in six years Today's Rates Best Execution Rate Change 30 Yr FRM 3.82% +0.02 15 Yr FRM 3.11% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.69% +0.03 5/1 Yr ARM 3.25% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.47% 1.11 +0.02 30 Yr. Fixed 4.33% 1.33 -0.01 MBA ** 30 Yr. Fixed 4.18% 0.24 -0.01 15 Yr. Fixed 3.38% 0.27 +0.00 30 Yr. Jumbo 4.10% 0.16 -0.03 30 Yr. FHA 3.85% 0.18 -0.05 5/1 ARM 3.09% 0.34 +0.04 Freddie Mac ** 30 Yr. Fixed 3.93% 0.50 +0.04 15 Yr. Fixed 3.20% 0.50 +0.10 1 Yr. ARM 2.40% 0.40 -0.01 5/1 Yr. ARM 2.98% 0.50 +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 3.0 101.20 -0.22 30YR FNMA 3.5 104.22 -0.14 30YR GNMA 3.0 102.31 -0.45 30YR GNMA 3.5 104.83 -0.30 15YR FNMA 3.0 103.94 -0.16 15YR FNMA 2.5 101.92 -0.11 Treasuries Yield Change 2 YR 0.6129% +0.0565 5 YR 1.6021% +0.0857 10 YR 2.1304% +0.0713 30 YR 2.7223% +0.0324 Prices as of: 12/17/2014 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. © 2014 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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