Daily Newsletter: Supreme Court to Review Fair Housing; Rates Mixed to Begin Volatile Week; Remodelers more Bullish than Builders

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30 Year Fixed 3.65%   +0.02 15 Year Fixed 3.01%   +0.01 10YR Treasury 1.79%   -0.0360 FNMA 30YR 3.5 105.06   0.00 FNMA 15YR 2.5 104.64   +0.05 View Today's Rates

Tuesday January 20, 2015 MND NewsWire - 3:29PM Supreme Court to Review Fair Housing Interpretation The Supreme Court will hear oral arguments on Wednesday that may drastically change the way in which the 1968 Fair Housing Act has been interpreted. In the case, Texas Department of ... Mortgage Rate Watch - 4:30PM Mortgage Rates Mixed to Begin Volatile Week Mortgage rates were truly mixed today, with some lenders improving while others moved higher. More than a few were unchanged or close to it. All this despite the fact that broader interest ... MND NewsWire - 11:31AM Remodelers Attitudes more Bullish than Home Builders The National Association of Home Builders' (NAHB') monthly assessment of builder confidence in the new home market showed a slight weakening in January. The Association's Housing Market ... MBS Commentary - 12:02PM MBS MID-DAY: Bond Markets Battle Back, but MBS Lag. Rate Sheets Lag More. For bond markets, today has largely been about holding ground and retrenching. The most relevant example came during the overnight session--just before the domestic open--when 10yr ... MBS RECAP: Meager Gains Intact Following Afternoon Swoon The Challenge of the Regulatory Environment; ALTA's Opinion of "Know Before You Owe" MBS Day Ahead: Slow Week For Domestic Data; Big Week For Europe Latest Video NAHB housing market index 57 Closing Bell Exchange: All eyes on ECB meeting Sheila Bair: Banks, regulators & Dodd-Frank More News from 'Around the Web' www.aia.org - 4:12PM Architecture Billings Index Rebounds to End 2014 on Solid Footing CNBC - 4:09PM S&P in talks for $1.5B settlement NAHB - 3:31PM NAHB Presents The New American Home blog.redfin.com - 3:31PM Capital Gains and More: Tax Tips for Home Sellers Market Watch - 3:30PM SEC to temporarily suspend S&P from rating commercial mortgage-backed securities: Report Market Watch - 3:30PM Capitol Report: Regulators stir as high-speed issues move from stock to bond market freddiemac.mwnewsroom.com - 2:53PM Freddie Mac January 2015 U.S. Economic and Housing Market Outlook WSJ - 1:37PM Summers Sees German Objections to Borrowing as Eurozone Hurdle Bloomberg - 11:01AM JPMorgan Spars With CME Over $375 Million - Bloomberg Reuters - 10:15AM More oversight of some market trading may be needed: Fed's Powell Bloomberg - 10:15AM Blackstone in $1.7 Billion Deal to Buy Apartments - Bloomberg CNBC - 10:15AM Home builder sentiment slides a point in January www.gallup.com - 9:35AM U.S. Economic Confidence Index Still Positive, but Barely Bloomberg - 8:47AM Bond Investors Haven't Been This Gloomy Since 2008 WSJ - 8:46AM Fed's Bullard Eager to Raise Rates Soon CNBC - 8:46AM Spain and Italy headed for 1% yields? Today's Comments Mortgage Rate Watch - 10:11AM "I know many dislike the correction on Friday but I LOVED it. Having $2mil locked at 3.75% does not bode well when I get phone calls wanting a lower rate because they saw it online......" MND NewsWire - 4:47PM "I agree it often seems the CFPB keeps coming up with stuff to justify their huge budget. Shopping for the best deal is easy enough for home buyers or homeowners to do. My goodness, look at the unlimited options provided on the internet! It is fine that they encourage shopping for the best deal, though..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.65% +0.02 15 Yr FRM 3.01% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.62% +0.02 5/1 Yr ARM 3.23% +0.01 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 3.66% 0.60 -0.07 15 Yr. Fixed 2.98% 0.50 -0.07 1 Yr. ARM 2.37% 0.40 -0.02 5/1 Yr. ARM 2.90% 0.40 -0.08 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 3.0 102.63 +0.03 30YR FNMA 3.5 105.06 0.00 30YR GNMA 3.0 103.00 -0.28 30YR GNMA 3.5 105.08 -0.14 15YR FNMA 3.0 104.64 +0.05 15YR FNMA 2.5 102.81 +0.06 Treasuries Yield Change 2 YR 0.4995% +0.0119 5 YR 1.2861% -0.0067 10 YR 1.7914% -0.0360 30 YR 2.3757% -0.0677 Prices as of: 1/20/2015 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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