Daily Newsletter: Rates at 6 Week Highs, But Not Because of Fed; Pending Sales Highest in 22 months; Refi Activity Falls, Purchases Flatten

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30 Year Fixed 3.84%   +0.05 15 Year Fixed 3.14%   +0.04 10YR Treasury 2.05%   +0.0460 FNMA 30YR 3.5 104.78   -0.05 FNMA 15YR 2.5 104.66   -0.03 View Today's Rates

Wednesday April 29, 2015 Mortgage Rate Watch - 5:07PM Mortgage Rates at 6 Week Highs, But Why? Mortgage rates moved firmly up to the highest levels since March 17th. Incidentally, there was a Fed Announcement on March 18th and another Fed Announcement today. While rates generally ... MND NewsWire - 10:16AM Pending Home Sales Highest Since June 2013 Momentum appears to be building toward a healthy spring market according to data released today on March pending home sales. The National Association of Realtors® (NAR) said its ... MND NewsWire - 8:28AM Refinance Activity Falls, Purchase Apps Lackluster A modest uptick in purchase mortgage applications during the week ended April 24 was insufficient to offset a sizable drop in refinancing. The Mortgage Bankers Association (MBA) said ... Pipeline Press - 10:39AM Homeownership Stats; CFPB Penalties; Rant on Millennials, Why They Aren't Buying First off, let me apologize for having the incorrect site in yesterday's commentary regarding the funny history of the term "escrow" - this is the site for the short clip . For many ... MBS MID-DAY: Bond Markets Fear The Nudge MBS Day Ahead: GDP and FOMC Are Here; One or Both Will Set the Tone Latest Video Tale of two housing markets Timing Fed hike Housing recovery still in full swing More News from 'Around the Web' Washington Post - 4:24PM The economy's biggest weakness is … winter? CNBC - 4:24PM Gross: Why Fed will have problems raising rates CNBC - 4:17PM Hey, Fed—What was that?! CNBC - 2:22PM Not yet: Fed holds rate at zero, no hint for hike Bloomberg - 1:56PM Yellen May Get No Second Chances at Getting It Right on Fed Rate The Atlantic - 12:10PM Damn the Developers? Bloomberg - 12:09PM Gross Says U.S. Treasury Moves on Small Trades Show No Liquidity CNBC - 12:09PM Dollar trounced on weak GDP, view of easy Fed Bloomberg - 11:18AM `Panicky Exit' by Fed Seen as Risk to Markets Even Amid 0.2% GDP CNBC - 10:46AM Cheaper oil should help economy? Wrong: BlackRock CNBC - 10:46AM Consumers just say no to spending CNBC - 10:46AM US crude inventories rise by 1.9M barrels rss.nytimes.com - 9:28AM E.C.B. Says Loans to Private Sector Rose in March for First Time in 3 Years WSJ - 9:28AM First-Quarter GDP – At A Glance CNBC - 9:28AM US economy stalls as weather, low energy prices bite WSJ - 9:25AM Eurozone Inflation Expectations Rise Market Watch - 9:25AM Treasury slapped over shoddy support for homeowners Calculated Risk Blog - 12:13AM Wednesday: GDP, FOMC Calculated Risk Blog - 12:13AM A Comment on House Prices: Real Prices and Price-to-Rent Ratio in February www.builderonline.com - 12:12AM Spring Foreclosures in Bloom, Heatmapped by County Today's Rates Best Execution Rate Change 30 Yr FRM 3.84% +0.05 15 Yr FRM 3.14% +0.04 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.75% +0.06 5/1 Yr ARM 2.97% -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 3.87% 0.38 +0.01 15 Yr. Fixed 3.16% 0.29 +0.01 30 Yr. Jumbo 3.84% 0.35 +0.03 30 Yr. FHA 3.67% 0.23 -0.02 5/1 ARM 2.82% 0.40 +0.06 Freddie Mac ** 30 Yr. Fixed 3.65% 0.60 -0.02 15 Yr. Fixed 2.92% 0.60 -0.02 1 Yr. ARM 2.44% 0.40 -0.02 5/1 Yr. ARM 2.84% 0.40 -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 3.0 101.73 -0.14 30YR FNMA 3.5 104.78 -0.05 30YR GNMA 3.0 102.61 -0.08 30YR GNMA 3.5 105.34 -0.02 15YR FNMA 3.0 104.66 -0.03 15YR FNMA 2.5 102.52 -0.08 Treasuries Yield Change 2 YR 0.5629% +0.0000 5 YR 1.4270% +0.0257 10 YR 2.0476% +0.0460 30 YR 2.7595% +0.0556 Prices as of: 4/29/2015 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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