Daily Newsletter: Mortgage Rates Hold Steady; 97 Percent LTV Loans Boost Credit Availability; FHFA Considering Principal Reduction

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30 Year Fixed 3.63%   +0.00 15 Year Fixed 3.00%   -0.01 10YR Treasury 1.82%   +0.0717 FNMA 30YR 3.5 105.41   -0.02 FNMA 15YR 2.5 105.09   +0.03 View Today's Rates

Thursday February 5, 2015 Mortgage Rate Watch - 4:57PM Mortgage Rates Hold Steady Despite Weaker Market Conditions Mortgage rates held their ground today even as trading levels in bond markets suggested a move higher. This has to do with the heads-up I offered yesterday regarding the late-day improvement ... MND NewsWire - 2:43PM 97 Percent GSE Loans Boost Credit Availability New initiatives aimed at increasing access to credit and making it more affordable began to pay off in January according to Mike Fratantoni, the Mortgage Bankers Association's (MBA ... MND NewsWire - 2:41PM FHFA Considering Limited Principal Reduction Even though his predecessor as head of the Federal Housing Finance Agency (FHFA) was adamant in his refusal to consider it, Melvin L. Watt seems receptive to allowing Freddie Mac and ... Pipeline Press - 10:55AM M&T, S&P, Morgan Stanley, & Moody's Legal Updates; Training Events In the last few weeks I have had the opportunity to visit Florida, Oregon, Colorado, Southern California (its own state), Arizona, Texas, and Florida again. Most are pretty optimistic ... MBS Day Ahead: Bond Markets Filter Through Actual Significance of Yesterday's ECB News Latest Video Fisher Island coming back Jobless claims up 11,000 to 278,000 Future of the euro zone More News from 'Around the Web' www.realtor.com - 5:42PM Falling Mortgage Rates Fuel Buying Activity Market Watch - 4:10PM Greece holds a very dubious distinction when it comes to its debts CNBC - 4:09PM Chicago trader: Goodbye floor Market Watch - 4:01PM The little-known way to buy a home with almost no cash down CNBC - 3:06PM Brooklyn's most expensive real estate listing-EVER Bloomberg - 3:06PM ECB Said to Allow Greek Banks 59.5 Billion Euros Emergency Cash - Bloomberg Market Watch - 1:08PM Ocwen expects loss on regulatory problems Calculated Risk Blog - 1:08PM Goldman Sachs Employment Forecast: 210,000 jobs added, Unemployment Rate decline to 5.5% NAHB - 10:57AM Housing Markets Continue to Make Modest Gains freddiemac.mwnewsroom.com - 10:56AM Fixed Mortgage Rates Resume Downward Trajectory CNBC - 10:56AM Housing struggles as investors return to Phoenix Bloomberg - 9:39AM Syriza Debt Markets Far From 2012 Extremes: Greek Reality Check - Bloomberg Bloomberg - 9:39AM Treasuries Decline as Rally on Greek-Debt Crisis Deemed Overdone - Bloomberg Reuters - 9:38AM U.S. productivity falls in fourth quarter; labor costs rise Reuters - 9:38AM U.S. trade deficit widens; weekly jobless claims up modestly blog.redfin.com - 9:13AM Rock-bottom Interest Rates, More Homes for Sale Send Housing Market off to an Early, Roaring Start Bloomberg - 9:13AM Schaeuble 'Agrees to Disagree' With Greece's Varoufakis - Bloomberg Bloomberg - 9:09AM Rosengren Says Fed Should Remain Patient Amid Low Inflation - Bloomberg Today's Rates Best Execution Rate Change 30 Yr FRM 3.63% +0.00 15 Yr FRM 3.00% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.63% +0.00 5/1 Yr ARM 3.08% +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 3.80% 0.29 -0.09 15 Yr. Fixed 3.10% 0.29 -0.06 30 Yr. Jumbo 3.86% 0.23 -0.02 30 Yr. FHA 3.66% 0.15 -0.05 5/1 ARM 2.87% 0.41 -0.07 Freddie Mac ** 30 Yr. Fixed 3.59% 0.70 -0.07 15 Yr. Fixed 2.92% 0.60 -0.06 1 Yr. ARM 2.39% 0.40 +0.01 5/1 Yr. ARM 2.82% 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 3.0 102.91 -0.14 30YR FNMA 3.5 105.41 -0.02 30YR GNMA 3.0 103.33 -0.11 30YR GNMA 3.5 105.55 -0.06 15YR FNMA 3.0 105.09 +0.03 15YR FNMA 2.5 103.20 -0.03 Treasuries Yield Change 2 YR 0.5238% +0.0397 5 YR 1.3036% +0.0633 10 YR 1.8153% +0.0717 30 YR 2.4270% +0.0843 Prices as of: 2/5/2015 4:32PM 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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