Daily Newsletter: Rates Mostly Hold FOMC Gains; Quick Closings Despite Refi Wave; Lenders See Brighter 2015; Without Yesterday, Today Rocked

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30 Year Fixed 3.75%   +0.00 15 Year Fixed 3.04%   +0.01 10YR Treasury 1.97%   +0.0521 FNMA 30YR 3.5 104.72   -0.22 FNMA 15YR 2.5 104.47   -0.17 View Today's Rates

Thursday March 19, 2015 Mortgage Rate Watch - 4:24PM Mortgage Rates Mostly Hold Yesterday's Big Gains Mortgage rates moved higher over the course of the day today as financial markets underwent a correction following yesterday's big move lower in rates. Because today's initial rate ... MND NewsWire - 2:33PM Lenders Managed Quick Closings despite Refi Surge February was the second month in a row that refinancing made up more than half of all mortgage originations. Ellie Mae's latest Origination Insight Report said that the refinancing ... MND NewsWire - 2:32PM Lenders see Increased Demand, Higher Profits in 2015 In its quarterly survey of lenders' sentiment Fannie Mae found increasing optimism about the mortgage business. The survey conducted in the first quarter of 2015 revealed that, compared ... MBS Commentary - 4:18PM MBS RECAP: If Yesterday Never Happened, Today Would Have Been Awesome It's always a bit disheartening when the day after an awesome rally ends up erasing a good-sized chunk of the gains. That was the case today as the close of European markets once again ... Is Freddie Mac Facing another Draw? MBS MID-DAY: Roughly Half of Yesterday's Gains Erased; All Part of the Process? Tracking TRID Training; Ocwen Sells More Assets; HUD's New Handbook; Why Mortgages Moved Yesterday MBS Day Ahead: A Non-Fed-Related Way to Look at Yesterday and the Road Ahead Latest Video Market rethinks Fed statement Yellen is doing the right thing: Harris Selling your house? Here are 8 tips you need to know More News from 'Around the Web' Bloomberg - 3:37PM Lennar Builds More Rentals as Slow Sales Pace Persists - Bloomberg Calculated Risk Blog - 3:36PM Lennar: Orders Up Despite Weather; Margins Down a Bit on Diminished Pricing Power; and Confusion on Houston blogs.wsj.com - 2:41PM How Europe's Easy Monetary Policy Crossed the Atlantic blogs.wsj.com - 2:38PM In Fed vs. Markets, the Markets Win Big Reuters - 1:42PM U.S. judge dismisses lawsuit over $13 billion JPMorgan Chase settlement Calculated Risk Blog - 1:42PM Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in February CNBC - 11:53AM New workers boost Charlotte housing freddiemac.mwnewsroom.com - 10:55AM Weekly Primary Mortgage Market Survey CNBC - 10:53AM Philly Fed business index falls www.realtor.com - 9:43AM Where America's Affordable Homes Are—and Aren't—in 2015 Reuters - 8:55AM Jobless claims rise modestly; continuing claims fall CNBC - 8:52AM Foreclosures fall to lowest rate since 2006 Bloomberg - 8:52AM Lennar Earnings Beat Estimates as Peak Homebuying Season Begins Bloomberg - 12:53AM Dollar's Surge Makes It Hard for Fed to Buck Global Easing Trend WSJ - 12:53AM 5 Highlights From Janet Yellen's Press Conference DataQuick - 12:51AM February California Home Sales Press Release www.builderonline.com - 12:51AM Will Google Disrupt The Mortgage Marketplace? Reuters - 12:51AM Dollar sags, bonds boom as Fed takes dovish tack Today's Rates Best Execution Rate Change 30 Yr FRM 3.75% +0.00 15 Yr FRM 3.04% +0.01 FHA 30 Year Fixed 3.35% +0.00 Jumbo 30 Year Fixed 3.65% +0.00 5/1 Yr ARM 3.10% -0.01 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 3.0 101.92 -0.23 30YR FNMA 3.5 104.72 -0.22 30YR GNMA 3.0 102.84 -0.31 30YR GNMA 3.5 105.06 -0.16 15YR FNMA 3.0 104.47 -0.17 15YR FNMA 2.5 102.27 -0.20 Treasuries Yield Change 2 YR 0.6173% +0.0689 5 YR 1.4752% +0.0888 10 YR 1.9703% +0.0521 30 YR 2.5284% +0.0188 Prices as of: 3/19/2015 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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