Daily Newsletter: Mortgage Rates Unchanged Despite Market Weakness; Housing Faring Better Than Economy; 50 Ways to Kill Real Estate

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30 Year Fixed 3.98%   +0.00 15 Year Fixed 3.23%   +0.01 10YR Treasury 2.21%   +0.0230 FNMA 30YR 3.5 104.00   -0.17 FNMA 15YR 2.5 104.09   -0.22 View Today's Rates

Friday May 22, 2015 Mortgage Rate Watch - 3:48PM Mortgage Rates Unchanged Despite Market Weakness Mortgage rates were unchanged on average today, though some lenders were slightly higher or lower than yesterday's latest rate sheets. This is a small victory considering that underlying ... MND NewsWire - 1:42PM Fannie Mae: Housing Faring Better than Economy Fannie Mae's economists used their May economic and strategic summary to downgrade expectations for 2015 growth but at the same time painted a slightly brighter picture for housing ... MND NewsWire - 1:27PM 50 Ways to Derail Real Estate Industry The National Association of Realtors® is distributing a study it commissioned from the Swanepoel T3 Group which we expect will generate a lot of discussion among its members. Despite ... MBS Commentary - 3:19PM MBS RECAP: Bonds Escape With Minimal Damage after Volatile Morning Surprisingly, the story of the day turned out to be Core CPI coming in at +0.2558 vs a forecast of +0.2. This was apparently enough to send bond markets reeling (relatively). The fact ... MBS MID-DAY: Strong Start Reverses after CPI; Yellen up Next Lawsky Bails and Sails; New Lehman/GreenPoint Suit; Home/Land Price Trends Purchase Loans Now Outpacing Refis Latest Video Yellen: Rate hikes appropriate this year if econ improves Home price being pushed higher Santelli Exchange: Hot CPI flattens yield curve More News from 'Around the Web' Bloomberg - 1:18PM Barclays Fires Mortgage-Bond Trader for Alleged Lying to Clients Reuters - 1:18PM Fed on track to hike rates as economic headwinds wane: Yellen CNBC - 1:18PM 7 major housing markets now 'overvalued' WSJ - 11:50AM Inequality Hurts Growth, But How? Reuters - 10:59AM Fed still seen in lift-off mode as Yellen takes center stage CNBC - 10:59AM Why bond investors are like bearded dragons Bloomberg - 9:44AM JPMorgan: Something Has Gone Wrong with the Global Consumer Bloomberg - 9:44AM Treasuries Decline After April Core Inflation Exceeds Forecast Reuters - 9:41AM U.S. consumer prices soft, underlying inflation pushes up CNBC - 9:40AM US consumer prices soft, inflation pushes up Calculated Risk Blog - 9:35AM Black Knight: Mortgage Delinquencies increased slightly in April CNBC - 7:55AM Draghi: Growth 'too low everywhere' Reuters - 7:55AM Stock futures rise ahead of Yellen's speech, CNBC - 7:51AM House lawmaker issues subpoena to Fed Market Watch - 7:49AM Capitol Report: Whatever you do, don't buy this building CNBC - 7:43AM Yellen speech, inflation in focus on Wall Street Calculated Risk Blog - 2:12AM Friday: CPI, Yellen CNBC - 2:11AM Europe seen higher; Yellen speech eyed Reuters - 2:11AM U.S. House panel issues subpoena to Fed over 2012 information leak Bloomberg - 2:10AM Yellen Haunted by Taper Tantrum as Fed Rate Rise Draws Closer Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% +0.00 15 Yr FRM 3.23% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.80% +0.00 5/1 Yr ARM 2.95% -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 4.04% 0.32 +0.04 15 Yr. Fixed 3.26% 0.30 +0.03 30 Yr. Jumbo 4.04% 0.25 +0.05 30 Yr. FHA 3.80% 0.06 +0.04 5/1 ARM 2.99% 0.45 -0.01 Freddie Mac ** 30 Yr. Fixed 3.84% 0.70 -0.01 15 Yr. Fixed 3.05% 0.60 -0.02 1 Yr. ARM 2.51% 0.40 +0.03 5/1 Yr. ARM 2.88% 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 3.0 100.75 -0.20 30YR FNMA 3.5 104.00 -0.17 30YR GNMA 3.0 101.75 -0.17 30YR GNMA 3.5 104.31 -0.20 15YR FNMA 3.0 104.09 -0.22 15YR FNMA 2.5 101.78 -0.16 Treasuries Yield Change 2 YR 0.6183% +0.0453 5 YR 1.5617% +0.0484 10 YR 2.2145% +0.0230 30 YR 2.9857% -0.0040 Prices as of: 5/22/2015 2:06PM 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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