Daily Newsletter: Six Economists Reach Similar Conclusions on 2015 Housing Outlook; Rates Hold Steady Despite Massive Volatility; Wells/Chase under Fire for Kickbacks

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30 Year Fixed 3.69%   +0.00 15 Year Fixed 3.05%   +0.00 10YR Treasury 1.87%   +0.0034 FNMA 30YR 3.5 104.98   +0.09 FNMA 15YR 2.5 104.61   +0.06 View Today's Rates

Thursday January 22, 2015 MND NewsWire - 4:48PM Six Economists Reach Similar Conclusions on 2015 Housing Outlook Optimism about the housing market has been a "misplaced notion" for the last seven years according to Wells Fargo Senior Economist Mark Vitner, But 2015, he says, could be the year ... Mortgage Rate Watch - 3:34PM Mortgage Rates Hold Perfectly Steady Despite Massive Underlying Volatility Mortgage rates didn't budge today. That's impressive considering the amount of volatility in financial markets leading up to and following the European Central Bank (ECB) announcement ... MND NewsWire - 4:42PM Wells Kickback Scheme Involved More Than 100 LOs, Garnered Multiple Warnings Wells Fargo and JPMorgan Chase along with a former Wells Fargo employee and his wife are the subjects of consent orders filed by the Maryland Attorney General and the Consumer Financial ... MBS Commentary - 1:24PM MBS MID-DAY: Moderate Losses, but Ample Volatility as Markets Digest ECB By the time this morning's ECB QE announcement hit, there was little doubt about it's existence. Bond markets spent the overnight session continuing yesterday's anticipatory sell-off ... Rating Agency Settles; M&A on Fire; Agency News; Europe's Markets Move our Rates MBS Day Ahead: Big Day No Matter What, Including Hilarious, Super-Important Lessons from the Recent Past Latest Video Did the ECB surprise markets? This is what a currency war looks like QE for everyone... except Greece More News from 'Around the Web' Bloomberg - 4:58PM Fed, U.S. GDP, Greek Vote, Apple, Amazon: Week Ahead Jan. 24-31 - Bloomberg WSJ - 3:51PM Who Owns the Government Bonds the ECB Will Buy? Reuters - 3:51PM ECB quantitative easing probably won't bring inflation up to target: economists www.realtor.com - 3:51PM Generation Y Prefers Suburban Home Over City Condo www.collateralvision.com - 3:50PM Fannie Mae Collateral Underwriter Webinar Now Available For Viewing www.collateralvision.com - 3:50PM FNC Index: Home Prices Flat in November Reuters - 3:50PM U.S. fines Wells Fargo, JPMorgan over 'illegal mortgage kickbacks' WSJ - 2:02PM ECB's Bond Buying Program Expected to Boost Commercial Real Estate Sales WSJ - 2:02PM Finance, Real Estate and Mining Drive U.S. Growth in Third Quarter CNBC - 2:02PM Euro falls to fresh 11-year low Bloomberg - 12:32PM German Officials at ECB Led Opposition to Draghi's QE - Bloomberg CNBC - 10:58AM Sweet home Chicago? Maybe not so much WSJ - 10:58AM 5 Things to Know About Eurozone QE Fannie Mae - 10:16AM News Release - 2015 Economic Outlook: Economy Drags ... freddiemac.mwnewsroom.com - 10:11AM Mortgage Rates at New Lows in Early 2015 CNBC - 10:11AM ECB needs to buy more: CIO Bloomberg - 8:59AM ECB Announces Asset-Purchase Plan of 60 Billion Euros a Month - Bloomberg CNBC - 8:38AM US jobless claims fall WSJ - 8:37AM ECB Says Measures Coming Later This Morning, QE on the Way Bloomberg - 8:36AM Americans Gaining Equity Seen Lifting Housing Market: Mortgages - Bloomberg Today's Rates Best Execution Rate Change 30 Yr FRM 3.69% +0.00 15 Yr FRM 3.05% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.65% +0.00 5/1 Yr ARM 3.25% +0.00 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 3.63% 0.70 -0.03 15 Yr. Fixed 2.93% 0.60 -0.05 1 Yr. ARM 2.37% 0.40 +0.00 5/1 Yr. ARM 2.83% 0.40 -0.07 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 3.0 102.44 +0.08 30YR FNMA 3.5 104.98 +0.09 30YR GNMA 3.0 103.02 +0.22 30YR GNMA 3.5 105.34 +0.38 15YR FNMA 3.0 104.61 +0.06 15YR FNMA 2.5 102.66 -0.05 Treasuries Yield Change 2 YR 0.5194% +0.0080 5 YR 1.3704% +0.0210 10 YR 1.8717% +0.0034 30 YR 2.4461% -0.0111 Prices as of: 1/22/2015 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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