Daily Newsletter: Mortgage Rates Lowest This Week After Jobs Report; Banks Agree to Remove Zombie Debt From Credit Reports; Bond Markets Dodge Bullet, More Coming?

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30 Year Fixed 3.87%   -0.08 15 Year Fixed 3.17%   -0.05 10YR Treasury 2.14%   -0.0358 FNMA 30YR 3.5 104.66   +0.31 FNMA 15YR 2.5 104.55   +0.25 View Today's Rates

Friday May 8, 2015 Mortgage Rate Watch - 4:14PM Mortgage Rates Lowest This Week After Jobs Report Mortgage rates had been under heavy attack for several weeks before finally striking back yesterday. The counterattack could only go so far with today's important Employment Situation ... MND NewsWire - 3:17PM Banks Agree to Remove Credit Notations on "Zombie" Debt A million or more consumers nationwide may see their credit histories improve as a result of an agreement in a Federal Bankruptcy Court in White Plains, New York. As a result of two ... Pipeline Press - 10:11AM Vendor Updates; SAFE Act Changes on The Way? According to the MBA's Quarterly Index of Commercial/Multifamily Mortgage Bankers Originations for the first quarter of 2015, the YoY origination increase includes a 269 percent increase ... MBS Commentary - 1:27PM MBS MID-DAY: Bullet Dodged After Weaker NFP, But More Coming? If you observe nothing else from anything I've written this week, it should be the calls for a technical correction on Wednesday and Thursday. Those had to do with the charts I kept ... MBS Day Ahead: Bond Markets Take Running Start at NFP Mixed Signals in Fannie Housing Survey Latest Video Q1 GDP estimates plunging 'Zombie debt' a thing of the past How will Fed react to jobs data? More News from 'Around the Web' Washington Post - 4:37PM The good news is the recovery is the same as ever. The bad news is the recovery is the same as ever. WSJ - 4:35PM Housing Regulator Extends Mortgage Modification Programs Through 2016 CNBC - 3:14PM Interest rates too low: PIMCO CIO WSJ - 3:12PM U.S. Economy May Reach Job Market Nirvana in Next Six Months WSJ - 3:12PM Hilsenrath: Job Numbers Restore Confidence, But Don't Give Fed Reason to Hurry Calculated Risk Blog - 3:10PM Fannie and Freddie: REO inventory declined in Q1, Down 30% Year-over-year Bloomberg - 12:25PM Janus's Bill Gross Says German Bund Yields Reached Bottom Bloomberg - 12:25PM Jobs in Home Construction Just Surged the Most Since 2006 Washington Post - 12:24PM The mystery of Germany's crazy bonds WSJ - 12:24PM ECB's Liikanen: Bond-Buying Program Has Stimulated Inflation Expectations CNBC - 10:44AM Jobs report just put Fed in a bad spot CNBC - 10:44AM US wholesale rose slightly in March Bloomberg - 9:08AM Hard Money Comes Easy as Wall Street Funds Home Flippers WSJ - 9:04AM April Jobs Report – The Numbers Today's Rates Best Execution Rate Change 30 Yr FRM 3.87% -0.08 15 Yr FRM 3.17% -0.05 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.77% -0.06 5/1 Yr ARM 3.00% -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 3.80% 0.60 +0.12 15 Yr. Fixed 3.02% 0.60 +0.08 1 Yr. ARM 2.46% 0.40 -0.03 5/1 Yr. ARM 2.90% 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 3.0 101.48 +0.39 30YR FNMA 3.5 104.66 +0.31 30YR GNMA 3.0 102.56 +0.45 30YR GNMA 3.5 105.25 +0.33 15YR FNMA 3.0 104.55 +0.25 15YR FNMA 2.5 102.38 +0.30 Treasuries Yield Change 2 YR 0.5719% -0.0634 5 YR 1.4879% -0.0704 10 YR 2.1424% -0.0358 30 YR 2.8973% -0.0107 Prices as of: 5/8/2015 4:27PM 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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