Daily Newsletter: Mortgage Rates Back up to 3.875 Percent; Bond Market Weakness Simple in Hindsight; FHFA Sets Rules for Bulk Loans; Construction Spending Eases

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30 Year Fixed 3.81%   +0.04 15 Year Fixed 3.11%   +0.03 10YR Treasury 2.09%   +0.0925 FNMA 30YR 3.5 104.53   -0.28 FNMA 15YR 2.5 104.50   -0.20 View Today's Rates

Monday March 2, 2015 Mortgage Rate Watch - 4:34PM Mortgage Rates Back up to 3.875 Percent Mortgage rates rose fairly sharply to begin the new month as a large corporate bond sale indirectly hurt the bonds that dictate mortgage rates. When a company (in today's case, pharmaceutical ... MBS Commentary - 12:44PM MBS MID-DAY: In Hindsight, Morning's Big Sell-Off is Simple In hindsight, this has turned out to be a simple morning for bond markets. That wasn't the case earlier when we could only guess at the likely culprits behind a pervasive--even counterintuitive ... MND NewsWire - 4:26PM FHFA Sets Rules for Bulk Loan Sales The Federal Housing Finance Agency (FHFA), conservator of Fannie Mae and Freddie Mac (the GSEs), released guidelines for their sales of non-performing mortgage loans . FHFA earlier ... MND NewsWire - 11:32AM Construction Spending Eased in January; Most Segments Higher on Annual Basis Both publicly and privately funded construction dipped slightly in January from February levels the Census Bureau said today, although both total construction and the publicly funded ... MBS Week Ahead: Refocusing on Data as March Begins Private MI Updates; Trends in Fast Growing Rental Markets and Gentrification Latest Video Santelli: Fed's long engagement; when's the marriage?! Santelli Exchange: Edging closer to euro QE Europe closes: ECB meeting Thursday More News from 'Around the Web' Reuters - 4:49PM Yields rise as corporate debt sales weigh Calculated Risk Blog - 4:19PM Fannie Mae: Mortgage Serious Delinquency rate declined in January, Lowest since September 2008 Reuters - 3:54PM Mixed messages on third Greek bailout talks www.realtor.com - 3:02PM Second Homes Survey: Signs of Overheating WSJ - 3:02PM Bernanke Says Fed Already Follows Policy Rule Calculated Risk Blog - 3:02PM January Case-Shiller House Price Index year-over-year change expected to be about the same as in December Bloomberg - 3:02PM Actavis Bond Offering Said to Get Orders Exceeding $70 Billion Bloomberg - 1:52PM Fannie, Freddie Overseer Sets Rules for Sales of Delinquent Debt Bloomberg - 12:16PM This Survey Says: We're About Ready for That Rate Hike, Janet rss.nytimes.com - 12:16PM Philadelphia Fed Picks Patrick Harker, University of Delaware President, to Lead It CNBC - 10:45AM US manufacturing hits 13-month-low Google News - 10:43AM The mortgage market can tolerate twice as much credit risk CNBC - 10:42AM Bill Gross: Central banks have gone 'too far' www.cfpbmonitor.com - 10:41AM Director Cordray to testify on March 3 before House Financial Services Committee Reuters - 10:41AM U.S. construction spending falls in January Bloomberg - 10:41AM Morgan Stanley Says New York Intends to Sue on 30 Subprime Deals CNBC - 9:05AM Wells Fargo caps subprime auto loans CNBC - 9:02AM US consumer spending falls in Jan Calculated Risk Blog - 8:44AM Personal Income increased 0.3% in January, Spending decreased 0.2% Today's Rates Best Execution Rate Change 30 Yr FRM 3.81% +0.04 15 Yr FRM 3.11% +0.03 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.80% +0.03 5/1 Yr ARM 3.12% +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 3.93% 0.35 +0.09 15 Yr. Fixed 3.24% 0.35 +0.09 30 Yr. Jumbo 3.92% 0.28 +0.02 30 Yr. FHA 3.73% 0.12 +0.01 5/1 ARM 3.09% 0.47 +0.02 Freddie Mac ** 30 Yr. Fixed 3.80% 0.60 +0.00 15 Yr. Fixed 3.07% 0.60 +0.00 1 Yr. ARM 2.44% 0.40 +0.00 5/1 Yr. ARM 2.99% 0.50 +0.00 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 3.0 101.52 -0.34 30YR FNMA 3.5 104.53 -0.28 30YR GNMA 3.0 102.39 -0.30 30YR GNMA 3.5 104.67 -0.34 15YR FNMA 3.0 104.50 -0.20 15YR FNMA 2.5 102.19 -0.23 Treasuries Yield Change 2 YR 0.6621% +0.0358 5 YR 1.5776% +0.0771 10 YR 2.0890% +0.0925 30 YR 2.6900% +0.0867 Prices as of: 3/2/2015 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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