Daily Newsletter: Construction Numbers Highest Since 2007, Crushing Expectations; Rates Surge Ahead of Fed; Can Housing Handle It?

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30 Year Fixed 4.01%   +0.04 15 Year Fixed 3.25%   +0.02 10YR Treasury 2.29%   +0.0460 FNMA 30YR 3.5 103.78   -0.25 FNMA 15YR 2.5 104.13   -0.11 View Today's Rates

Tuesday May 19, 2015 MND NewsWire - 10:30AM Construction Numbers Highest Since 2007, Crushing Expectations Residential construction numbers soared in April after a dismal March and both the number of residential permits issued and housing starts easily outpaced the expectations of analysts ... Mortgage Rate Watch - 3:41PM Mortgage Rates Back Near Recent Highs Ahead of Fed Mortgage rates continued higher at an unsettling pace today, following an exceptionally strong reading on Residential Construction data. This particular report doesn't historically ... MND NewsWire - 2:00PM Can the Housing Recovery Handle Higher Rates? That headline question is the focus of the May Economic and Housing Outlook produced by Freddie mac's Office of the Chief Economist. The economic team, headed by Leonard Kiefer, Deputy ... Pipeline Press - 11:41AM FHA/VA Updates and Related Investor Guideline Changes - The New Handbook Dissected There are 1,700 capital markets folks wandering around Manhattan, and one of the topics is that one week Janet Yellen and other Fed officials are warning of an overblown stock market ... MBS MID-DAY: Good, Old-Fashioned Central Bank Accommodation Trading MBS Day Ahead: Bonds Still Have Room on Either Side of the Range Ahead of Fed Latest Video Santelli: Boom! Yields pop up Real estate market red hot: Pro Water efficient homes More News from 'Around the Web' Reuters - 4:56PM Economy's weak spell puts Fed at crossroads over liftoff plans WSJ - 3:03PM An About-Face for McMansions Calculated Risk Blog - 1:33PM Sacramento Housing in April: Total Sales up 9% Year-over-year WSJ - 1:31PM Report: Minimum Wage In U.S. Cities Not Enough To Afford Rent Calculated Risk Blog - 12:10PM Comments on April Housing Starts Bloomberg - 11:00AM Treasuries Decline as Housing Starts Climb Most in Seven Years www.realtor.com - 11:00AM Finally, There's Maybe, Probably, Almost Good News for Middle-Class Homebuyers OCC - 10:59AM OCC Newsletter Focuses on Financing Small Multifamily Rental Properties freddiemac.mwnewsroom.com - 10:58AM Freddie Mac May 2015 U.S. Economic and Housing Market Outlook Bloomberg - 10:58AM New York's Lawsky Proposes Changes to Reduce Home Foreclosures - Bloomberg CNBC - 9:00AM US Treasury yields dip after ECB pledge Bloomberg - 8:59AM Home Depot Profit Tops Estimates as Americans Spend on Homes Calculated Risk Blog - 12:20AM Tuesday: Housing Starts Reuters - 12:19AM US Bank, Bank of America win dismissal of mortgage claims www.builderonline.com - 12:19AM Rising Rents Aren't Pushing Renters Toward Homeownership, Yet Bloomberg - 12:19AM Rising U.S. Home Prices Seen Outweighing Drop in Ownership Rate Today's Rates Best Execution Rate Change 30 Yr FRM 4.01% +0.04 15 Yr FRM 3.25% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.82% +0.03 5/1 Yr ARM 2.98% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.38% 1.18 +0.05 30 Yr. Fixed 3.95% 1.30 +0.04 MBA ** 30 Yr. Fixed 4.00% 0.36 +0.07 15 Yr. Fixed 3.23% 0.40 +0.04 30 Yr. Jumbo 3.99% 0.33 +0.08 30 Yr. FHA 3.76% 0.14 +0.06 5/1 ARM 3.00% 0.46 +0.13 Freddie Mac ** 30 Yr. Fixed 3.85% 0.60 +0.05 15 Yr. Fixed 3.07% 0.50 +0.05 1 Yr. ARM 2.48% 0.40 +0.02 5/1 Yr. ARM 2.89% 0.50 -0.01 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 3.0 100.44 -0.31 30YR FNMA 3.5 103.78 -0.25 30YR GNMA 3.0 101.44 -0.50 30YR GNMA 3.5 104.19 -0.48 15YR FNMA 3.0 104.13 -0.11 15YR FNMA 2.5 101.73 -0.13 Treasuries Yield Change 2 YR 0.6173% +0.0366 5 YR 1.6009% +0.0614 10 YR 2.2868% +0.0460 30 YR 3.0721% +0.0402 Prices as of: 5/19/2015 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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