Daily Newsletter: Conservative Appraisals, Did Something Change?; New GSE Reform Bill; Rates at March Lows

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30 Year Fixed 3.74%   -0.01 15 Year Fixed 3.03%   -0.01 10YR Treasury 1.93%   -0.0435 FNMA 30YR 3.5 104.89   +0.17 FNMA 15YR 2.5 104.58   +0.11 View Today's Rates

Friday March 20, 2015 MND NewsWire - 2:25PM Conservative Appraisals Increasingly Mentioned in 2015; Did Something Change? A few weeks ago there were a flurry of comments on MBS Live from members expressing concern about a sudden increase in appraisals reflecting market values well below what had been expected ... Mortgage Rate Watch - 4:58PM Mortgage Rates End Week at March Lows Mortgage rates moved modestly lower on average today after doing an admirable job of holding their ground amid weaker market conditions yesterday. That weakness was largely the result ... MND NewsWire - 3:47PM Reform Bill Would Wind Down GSEs, Boost Ginnie Mae Role The 114th Congress's first attempt at housing financial reform legislation hit the House hopper on Thursday. The bill, H.R. 1491 establishes an insurance program through Ginnie Mae ... MBS Commentary - 4:58PM MBS RECAP: Volatility a No Show; Heading Out Near Best Levels It was a calm and light trading day right from the outset today. Without options expirations, volume would have been the lowest of the year in bond markets. Volume is neither here nor ... MBS MID-DAY: Slow, Positive Day so Far; Still Some Afternoon Volatility Potential Lender Updates; TRID Progress Survey; So You Want to Staff a Correspondent Division? MBS Day Ahead: Corrections are Necessary; Is it Over? Latest Video Fed's Evans: Rate hike in 2016 more likely Lockhart comments on rate hike 'lift-off' Billionaire: Inequality 'off the charts' More News from 'Around the Web' blogs.wsj.com - 4:44PM Persistent Low Inflation Hurts Fed Credibility, Evans Says Reuters - 4:43PM AIG investors' $970.5 million settlement wins approval Bloomberg - 3:27PM Homebuilders Rally After KB Home Reports Strong Orders Calculated Risk Blog - 3:27PM Zillow: Negative Equity Rate unchanged in Q4 2014 Bloomberg - 3:26PM Freddie Mac Selling $1 Billion of Loans in Largest Deal WSJ - 12:18PM Report Says "False Equity is on the Rise" in Housing Market Washington Post - 12:17PM The cities where houses are suddenly going underwater Calculated Risk Blog - 12:17PM Campbell Survey: "Strong spring home buying season" www.cfpbmonitor.com - 10:59AM CFPB adopts plan to publicly disclose consumer complaint narratives Reuters - 10:58AM Fed's Lockhart says U.S. should step up shadow bank monitoring Federal Reserve - 10:58AM 2015-015: Consumers' Attitudes and Their Inflation Expectations Calculated Risk Blog - 10:22AM DataQuick: California Bay Area February Home Sales Decline Market Watch - 8:48AM More Americans paying for home-improvement projects with credit cards and loans CNBC - 8:47AM Tips to sell your house this spring Bloomberg - 8:43AM America's Biggest Private Creditor Sees Bonds Weathering the Fed www.wsj.com - 1:34AM The Race to the $100 Million Spec House CNBC - 1:33AM Bond traders' new rate rise playbook www.wsj.com - 1:31AM Borrowing After Bankruptcy Today's Rates Best Execution Rate Change 30 Yr FRM 3.74% -0.01 15 Yr FRM 3.03% -0.01 FHA 30 Year Fixed 3.30% -0.05 Jumbo 30 Year Fixed 3.64% -0.01 5/1 Yr ARM 3.10% +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 4.01% 0.39 +0.05 15 Yr. Fixed 3.29% 0.30 +0.02 30 Yr. Jumbo 4.02% 0.27 +0.07 30 Yr. FHA 3.80% 0.20 +0.04 5/1 ARM 3.18% 0.40 +0.13 Freddie Mac ** 30 Yr. Fixed 3.78% 0.60 -0.08 15 Yr. Fixed 3.06% 0.60 -0.04 1 Yr. ARM 2.46% 0.40 +0.00 5/1 Yr. ARM 2.97% 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 3.0 102.16 +0.23 30YR FNMA 3.5 104.89 +0.17 30YR GNMA 3.0 102.81 -0.03 30YR GNMA 3.5 105.00 -0.06 15YR FNMA 3.0 104.58 +0.11 15YR FNMA 2.5 102.50 +0.23 Treasuries Yield Change 2 YR 0.5812% -0.0361 5 YR 1.4111% -0.0641 10 YR 1.9268% -0.0435 30 YR 2.5022% -0.0262 Prices as of: 3/20/2015 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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