Daily Newsletter: Mortgage Rates Increase Rapidly; Big Shift Toward Non-Bank Servicing; Home Price Plateau Connected to Wage Growth

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30 Year Fixed 3.80%   +0.10 15 Year Fixed 3.09%   +0.07 10YR Treasury 2.00%   +0.0662 FNMA 30YR 3.5 104.61   -0.31 FNMA 15YR 2.5 104.50   -0.14 View Today's Rates

Thursday March 26, 2015 Mortgage Rate Watch - 3:51PM Mortgage Rates Increase Rapidly Mortgage rates rose rapidly today, almost completely erasing the improvement following last week's Fed Announcement. This is especially ironic considering most major media outlets are ... MND NewsWire - 12:28PM Monumental Shift Toward Non-Bank Servicing. Does it Matter? In the past five years there has been a monumental shift in mortgage loan servicing. Bank servicing subsidiaries, which once dominated in the market, no longer even constitute a majority ... MND NewsWire - 12:13PM Home Price Plateau Possible in Areas Where Wages Can't Keep Up While a study released on Thursday by RealtyTrac shows a huge discrepancy between the growth in home prices and increasing wages, it appears that housing in most of the country remains ... MBS Commentary - 12:02PM MBS MID-DAY: Bond Buyers on Strike for 2nd Straight Day It's been a strange week for domestic bond markets so far. Just 2 short days ago, bonds were rallying with a seeming disregard for negative cues from related markets and data. Now, ... Agency Changes; Self-Employed Borrowers; Wells Layoffs; Training and Events MBS Day Ahead: Cause for Concern, but Nowhere Near Abandoning Hope Latest Video Santelli Exchange: Is the Fed bubble blind? Santelli: Rates melt up, dollar down Fed Pres. Lockhart: Economy sending 'mixed signals' More News from 'Around the Web' Washington Post - 4:20PM When cheap housing isn't really a good deal CNBC - 2:31PM 10-year note hits 2% WSJ - 2:30PM Fed Shouldn't Raise Rates Yet Because Job Market Still Ailing Bloomberg - 2:29PM Draghi Says ECB Will Reach QE Target Even in Shorter First Month - Bloomberg Reuters - 12:34PM Fed officials say rate hike plan intact despite weak U.S. data Reuters - 12:34PM Low interest rates causing 'huge problems' in Germany: Schaeuble WSJ - 11:38AM Fed's Bullard: Risks of Keeping U.S. Policy Rates at Zero Too Long 'May be Substantial' Bloomberg - 10:58AM Consumer Comfort in U.S. Matches Second-Highest Level Since 2007 Reuters - 10:57AM ECB's Draghi says money printing will help recovery Market Watch - 10:51AM Fed's Lockhart: Surprised by strong dollar's impact on economy CNBC - 10:51AM Fed's QE cost savers $470B: Study CNBC - 10:47AM House flippers' new tactic: Crowdfunding The Atlantic - 8:55AM Stuck With a House That Can't Be Sold CNBC - 8:55AM US housing starts will be slow and steady: CFO Reuters - 8:52AM Foreign buying of U.S. bonds more talk than reality Reuters - 8:52AM U.S. jobless claims fall to five-week low Bloomberg - 8:40AM Watt Pursues Fannie-Freddie Overhaul Blocked by Senator Today's Rates Best Execution Rate Change 30 Yr FRM 3.80% +0.10 15 Yr FRM 3.09% +0.07 FHA 30 Year Fixed 3.50% +0.15 Jumbo 30 Year Fixed 3.68% +0.06 5/1 Yr ARM 3.15% +0.03 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 3.69% 0.60 -0.09 15 Yr. Fixed 2.97% 0.60 -0.09 1 Yr. ARM 2.46% 0.40 +0.00 5/1 Yr. ARM 2.92% 0.40 -0.05 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 3.0 101.72 -0.42 30YR FNMA 3.5 104.61 -0.31 30YR GNMA 3.0 102.55 -0.28 30YR GNMA 3.5 104.94 -0.23 15YR FNMA 3.0 104.50 -0.14 15YR FNMA 2.5 102.31 -0.20 Treasuries Yield Change 2 YR 0.6142% +0.0079 5 YR 1.4644% +0.0483 10 YR 1.9964% +0.0662 30 YR 2.5843% +0.0747 Prices as of: 3/26/2015 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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