Daily Newsletter: Mortgage Rates at New 2015 Highs; 10% are "Credit Invisible"; Higher Rates Hit Mortgage Apps; Final AMC Supervision Rule

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30 Year Fixed 3.98%   +0.03 15 Year Fixed 3.25%   +0.03 10YR Treasury 2.25%   +0.0686 FNMA 30YR 3.5 104.00   -0.19 FNMA 15YR 2.5 104.14   -0.08 View Today's Rates

Wednesday May 6, 2015 Mortgage Rate Watch - 3:54PM Mortgage Rates at New 2015 Highs Mortgage rates are having a rough couple of weeks. Yesterday saw rates approach the previous 2015 highs set on March 6th. Today's rates moved slightly higher still, setting a new 2015 ... MND NewsWire - 1:40PM 10% of Americans are "Credit Invisible" About one in 10 American adults have no credit history according to a report from the Consumer Financial Protection Bureau, a total of 26 million persons who are "credit invisible. ... MND NewsWire - 10:58AM Rate Increases Take Toll on Refi Apps Applications for refinancing cratered last week, reaching their lowest level in four months according to the Mortgage Bankers Association's (MBA's) Weekly Mortgage Applications Survey ... MND NewsWire - 4:58PM Final Rules for AMC Supervision Released by Regulators Six federal regulators recently issued a final rule setting requirements for state registration and supervision of appraisal management companies (AMCs) . AMCs are entities that contract ... MBS MID-DAY: Selling Continues. Yes, Things Are Serious Mortgage Bank Acquisitions; Iowa's Cool TRID Grid; USDA Rural Housing Updates MBS Day Ahead: Now All We Need is a Reason to Rally Latest Video Yellen: Could see sharp jump in rates when Fed hikes Mortgage apps down but home loans are up Closing Bell Exchange: Big bull market over for bonds? More News from 'Around the Web' WSJ - 4:55PM Kocherlakota: First-Quarter Economic Softness Is 'Matter for Concern' Bloomberg - 4:54PM Yellen's Focus on Term Premium Getting Noticed in Bond Market Market Watch - 4:54PM Mohamed El-Erian warns of trouble as bond liquidity dries up WSJ - 2:59PM Fed's Lockhart Sees Economy Back On Track Soon, Though Wants More Evidence Calculated Risk Blog - 2:53PM MBA: Mortgage Delinquency and Foreclosure Rates Decrease in Q1, Lowest since Q2 2007 www.cfpbmonitor.com - 2:53PM Federal agencies issue final rule on standards for appraisal management companies NAHB - 12:04PM Housing Recovery Continues at Gradual Pace Reuters - 12:03PM Fed ready to take more action aimed at banking system safety: Yellen CNBC - 11:19AM Bankers say bond market is in danger Bloomberg - 11:18AM U.S. Mortgage Delinquencies Fall to Lowest Since 2007 Bloomberg - 8:38AM Productivity Fell in First Quarter as U.S. Labor Costs Climbed - Bloomberg Reuters - 8:38AM U.S. private sector adds 169,000 jobs in April: ADP CNBC - 1:27AM SEC commish blasts Dodd-Frank WSJ - 1:23AM Kocherlakota Reiterates Fed Shouldn't Raise Rates in 2015 Bloomberg - 1:12AM Bond Damage Tally: $340 Billion Lost as Slump Put in Perspective Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% +0.03 15 Yr FRM 3.25% +0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.85% +0.02 5/1 Yr ARM 3.02% +0.00 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 3.68% 0.60 +0.03 15 Yr. Fixed 2.94% 0.60 +0.02 1 Yr. ARM 2.49% 0.40 +0.05 5/1 Yr. ARM 2.85% 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 3.0 100.67 -0.30 30YR FNMA 3.5 104.00 -0.19 30YR GNMA 3.0 101.72 -0.28 30YR GNMA 3.5 104.56 -0.14 15YR FNMA 3.0 104.14 -0.08 15YR FNMA 2.5 101.88 -0.14 Treasuries Yield Change 2 YR 0.6391% +0.0121 5 YR 1.5846% +0.0396 10 YR 2.2467% +0.0686 30 YR 2.9963% +0.0916 Prices as of: 5/6/2015 4:32PM 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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