Daily Newsletter: Mortgage Rates Lowest in 6 Weeks; Inventory Juicing Home Prices, Hampering Sales; First Look at Foreclosure Milestone

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30 Year Fixed 3.72%   -0.02 15 Year Fixed 3.02%   -0.01 10YR Treasury 1.91%   -0.0191 FNMA 30YR 3.5 105.00   +0.11 FNMA 15YR 2.5 104.69   +0.11 View Today's Rates

Monday March 23, 2015 Mortgage Rate Watch - 4:33PM Mortgage Rates Lowest in 6 Weeks Mortgage rates continued lower today, reaching levels not seen since February 9th. This further solidifies the positive move that followed last week's FOMC Announcement and Press Conference ... MND NewsWire - 11:51AM Inventory Hampering Home Sales and Pushing Prices Higher Short supplies of existing home inventory continued to hold back sales in February the National Association of Realtors® (NAR) said today, but contributed to the fastest annual ... MND NewsWire - 2:15PM "First Look" at Foreclosure Milestone -Black Knight The number of pending foreclosures nationwide, the "foreclosure inventory," reached a milestone in February . For the first time since December 2007 it has dipped slightly below 800 ... Pipeline Press - 11:02AM CFPB and Government Updates; March Madness or Lock Lunacy? April, May Should be Solid! Today I head off to Austin, Texas for four days of MBA STRATMOR Peer Group Program meetings - a great opportunity to sit in a room with the MBA, STRATMOR execs, and CEOs & CFOs ... MBS MID-DAY: Slow Morning for Bonds, but Holding Ground Despite External Pressures MBS Week Ahead: Housing Data, Fed Speakers, Auctions, and GDP Latest Video The problem with existing home sales Why 10-year yield will hit 1.5%: Sri-Kumar Fischer: Fed fund rate increase likely this year; 'no plans' for regular hikes More News from 'Around the Web' CNBC - 4:22PM US 10-year yield heading to 1.5%: Pro CNBC - 2:20PM Don't blame Germany for Greece's problems: Tsipras Reuters - 2:18PM Fed expected to hike this year, but future path uncertain: Fischer WSJ - 1:32PM Is There a Bearish Case on Spring's New-Home Sales? Bloomberg - 1:30PM The Fed May Be Overreacting to the Dollar's Strength www.frbsf.org - 1:30PM Mortgaging the Future? Calculated Risk Blog - 1:30PM A Few Comments on February Existing Home Sales Market Watch - 11:46AM Home-price growth is squeezing would-be buyers Bloomberg - 11:44AM 25 Basis-Point Rate Rise Would Aid US Housing CNBC - 10:29AM Another Fannie Freddie bailout? No way Reuters - 10:28AM Existing home sales rise marginally in February www.ourbroker.com - 9:41AM Should We Dump Mortgage Insurance? Bloomberg - 9:41AM Ocwen Says Critics Seek More Foreclosures, Fewer Modifications - Bloomberg www.freddiemac.com - 9:41AM Time for a Quality Control Tune-Up Calculated Risk Blog - 9:41AM Black Knight: Mortgage Delinquencies Declined in February, Lowest since August 2007 Today's Comments MND NewsWire - 1:49PM "After I wrote the last sentence, I begin to wonder: is housing finance even really about home ownership anymore? Perhaps the simple truth is the primary mortgage market serves to feed the secondary market debt machine, which trades in multi-trillion dollar securities all over the global economies. In..." MND NewsWire - 9:25PM "Ted, your comments hold some truth. When I appraise for my lawyer clients my scope of work is to only meet my professional USPAP guidelines. When we say scope of work we are essentially saying what set of standards must be met. I have no restrictions as to what comps I can use, I'm not forced to stay..." MND NewsWire - 1:55PM "HVCC and Dodd/Frank over regulation chickens coming home to roost...." Today's Rates Best Execution Rate Change 30 Yr FRM 3.72% -0.02 15 Yr FRM 3.02% -0.01 FHA 30 Year Fixed 3.25% -0.05 Jumbo 30 Year Fixed 3.63% -0.01 5/1 Yr ARM 3.12% +0.02 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 3.0 102.27 +0.11 30YR FNMA 3.5 105.00 +0.11 30YR GNMA 3.0 102.95 +0.14 30YR GNMA 3.5 105.17 +0.17 15YR FNMA 3.0 104.69 +0.11 15YR FNMA 2.5 102.58 +0.08 Treasuries Yield Change 2 YR 0.5772% -0.0040 5 YR 1.3881% -0.0230 10 YR 1.9077% -0.0191 30 YR 2.5052% +0.0030 Prices as of: 3/23/2015 4:31PM 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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