Daily Newsletter: Mortgage Rates Bounce Higher; New Home Activity Led by South; Construction Spending Tops $1 Trillion; CFPB Targets Provident

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30 Year Fixed 3.97%   +0.04 15 Year Fixed 3.22%   +0.03 10YR Treasury 2.18%   +0.0579 FNMA 30YR 3.5 104.17   -0.25 FNMA 15YR 2.5 104.25   -0.17 View Today's Rates

Monday June 1, 2015 Mortgage Rate Watch - 4:54PM Mortgage Rates Bounce Higher After 7 Day Winning Streak Mortgage rates moved noticeably higher to begin the month, bringing the average conventional 30yr fixed quote back to 4.0% after briefly hitting 3.875% on Friday. Today's move higher ... MND NewsWire - 2:52PM New Home Activity has a Decidedly Southern Drawl The old adage might be "go West" but new home buyers aren't listening. A recent analysis by CoreLogic shows that the strongest new home sales markets are overwhelmingly in the South ... MND NewsWire - 10:58AM Construction Spending Tops $1 Trillion Total spending on construction ticked up moderately in April, rising to a seasonally adjusted annual rate of $1,006.1 billion the U.S. Census Bureau announced today. The number is a ... Pipeline Press - 10:14AM CFPB Developments Including Targeting Provident for Broker Business Done Years Ago When I grow up I want to be wealthy. And thanks to this list of the wealthiest zip codes in America , I know just where to move. (Interesting to compare those versus states with no ... MBS MID-DAY: Widespread Negative Reprices as Monday Pattern Continues MBS Day Ahead: Action-Packed Week of Economic Data and Events Latest Video Santelli: Good data for a change Fischer warns against 'bankers' backlash' Santelli: A rambunctious time More News from 'Around the Web' rss.nytimes.com - 4:30PM Ben Bernanke Says Fed Can't Get Caught Up in Inequality Debate Bloomberg - 4:30PM U.S. Home Prices Set for a Fall Beginning in 2017, BofA Says SEC - 4:30PM Merrill Lynch Admits Using Inaccurate Data for Short Sale Orders, Agrees to $11 Million Settlement The Big Picture - 2:12PM Single-family Homes in 2014: Interactive www.cfpbmonitor.com - 2:12PM CFPB and DOJ announce settlement with mortgage lender charged with discriminatory broker compensation policy CNBC - 12:44PM Top court hits underwater homeowners CNBC - 12:44PM Bernanke still blind to market bubbles Bloomberg - 10:59AM Fed's Fischer Says Real Estate a Crisis Risk in Some Countries WSJ - 10:30AM Where Are the Cities with Good Job Markets and Affordable Housing? Reuters - 10:30AM U.S. construction spending jumps to near six-and-a-half year high CNBC - 10:30AM ISM manufacturing index hits 52.8 in May; construction spending up 2.2% in April Market Watch - 9:45AM Fed's Rosengren: Conditions for tightening have not been met CNBC - 9:44AM Stay focused on riskier bond market CNBC - 8:40AM US consumer spending flat, inflation pressures muted Market Watch - 8:40AM The Fed: Fed's QE policy helped most in regions that didn't need it, study finds www.realtor.com - 8:40AM The 20 Hottest U.S. Real Estate Markets in May 2015 webfeeds.brookings.edu - 2:31AM Did the Fed's quantitative easing make inequality worse? Calculated Risk Blog - 2:31AM Monday: Personal Income and Outlays, ISM Mfg Index, Construction Spending WSJ - 2:30AM Don't Sweat the Fed: A U.S. Rate Increase Won't Unsettle Markets Today's Rates Best Execution Rate Change 30 Yr FRM 3.97% +0.04 15 Yr FRM 3.22% +0.03 FHA 30 Year Fixed 3.75% +0.15 Jumbo 30 Year Fixed 3.79% +0.04 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 4.04% 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 3.87% 0.60 +0.03 15 Yr. Fixed 3.11% 0.50 +0.06 1 Yr. ARM 2.50% 0.30 -0.01 5/1 Yr. ARM 2.90% 0.50 +0.02 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 3.0 100.94 -0.33 30YR FNMA 3.5 104.17 -0.25 30YR GNMA 3.0 102.00 -0.23 30YR GNMA 3.5 104.53 -0.23 15YR FNMA 3.0 104.25 -0.17 15YR FNMA 2.5 101.94 -0.20 Treasuries Yield Change 2 YR 0.6487% +0.0395 5 YR 1.5489% +0.0652 10 YR 2.1811% +0.0579 30 YR 2.9330% +0.0504 Prices as of: 6/1/2015 4:30PM 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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