Daily Newsletter: Rates Down Modestly Ahead of Big Jobs Report; Mixed Signals in Housing Recovery; GSEs Continue Winning Streak

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30 Year Fixed 3.95%   -0.03 15 Year Fixed 3.22%   -0.03 10YR Treasury 2.18%   -0.0685 FNMA 30YR 3.5 104.34   +0.34 FNMA 15YR 2.5 104.30   +0.16 View Today's Rates

Thursday May 7, 2015 Mortgage Rate Watch - 4:54PM Mortgage Rates Down Modestly Ahead of Big Jobs Report Mortgage rates finally dug in their heels and made some slight improvements today . For the past 4 days, they'd moved higher at the fastest pace of the year for any other 4-day period ... MND NewsWire - 3:57PM Mixed Signals in Fannie Housing Survey Fannie Mae said on Thursday that while the results of its April National Housing Survey showed some improvement in housing sentiment, it was "likely not enough to trigger any breakout ... MND NewsWire - 3:49PM GSEs Continue Financial Winning Streak Both government sponsored enterprises (GSEs) reported profitable first quarter financial results for the first quarter. Both will pay a dividend for the quarter to the U.S. Treasury ... MBS Commentary - 7:34AM MBS Day Ahead: Now Things Are Getting Interesting! Yesterday's morning commentary contained a chart and discussion on Treasury yields breaking above the upper bollinger band for 5 consecutive days. Yesterday went on to extent that streak ... MBS MID-DAY: The Bounce Finally Arrives, Making Tomorrow All the More Exciting GSE Status; Comments on CFPB's Recent Study; Fraud Investigator Accused of Fraud Latest Video Global rates march higher Santelli: Do we have a double top? Santelli Exchange: Rates & employment data More News from 'Around the Web' WSJ - 3:43PM U.S. Consumers Boost Borrowing in March at Fastest Pace Since July Reuters - 3:18PM Goldman Sachs must face $120 million suit over mortgage securities: court WSJ - 1:57PM It's Bonds That are Overvalued, not Stocks. Here's Why. WSJ - 1:57PM 5 Things to Watch in the April Jobs Report CNBC - 1:56PM Yellen was right on valuations: Shiller CNBC - 1:56PM Bond traders see relief rally CNBC - 12:22PM New listings not helping Twin Cities housing rebound Market Watch - 12:22PM Capitol Report: Home price gains fueling inequality in U.S. cities: Realtors Calculated Risk Blog - 11:03AM Las Vegas Real Estate in April: Sales Increased 5.1% YoY Fannie Mae - 11:02AM News Release - More Consumers Positive On Housing, But ... CNBC - 9:18AM House flippers seeing record returns www.gallup.com - 9:18AM U.S. Payroll to Population Rate 43.9% in April CNBC - 9:18AM US jobless claims below estimates Market Watch - 9:17AM Fed's Evans: Get used to Fed warning about financial markets CNBC - 9:17AM $1M home sales surge, prices stall Bloomberg - 9:16AM Fannie Mae to Pay U.S. $1.8 Billion After First-Quarter Profit Fannie Mae - 9:16AM Fannie Mae Reports Net Income of $1.9 bln Today's Rates Best Execution Rate Change 30 Yr FRM 3.95% -0.03 15 Yr FRM 3.22% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.83% -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 3.80% 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 3.0 101.09 +0.42 30YR FNMA 3.5 104.34 +0.34 30YR GNMA 3.0 102.11 +0.39 30YR GNMA 3.5 104.92 +0.36 15YR FNMA 3.0 104.30 +0.16 15YR FNMA 2.5 102.08 +0.20 Treasuries Yield Change 2 YR 0.6353% -0.0038 5 YR 1.5583% -0.0263 10 YR 2.1782% -0.0685 30 YR 2.9080% -0.0883 Prices as of: 5/7/2015 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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