Daily Newsletter: Mortgage Rates Inch Lower Ahead of Fed; Wells Fargo Survey on Homebuyer Knowledge Gap; Huge Rental Construction Numbers

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30 Year Fixed 4.11%   -0.01 15 Year Fixed 3.30%   -0.01 10YR Treasury 2.31%   -0.0502 FNMA 30YR 3.5 103.09   +0.31 FNMA 15YR 2.5 103.44   +0.19 View Today's Rates

Tuesday June 16, 2015 Mortgage Rate Watch - 4:54PM Mortgage Rates Inch Lower Ahead of Fed Mortgage rates moved only slightly lower today, belying the amount of positive market movement in the mortgage-backed-securities (MBS) that normally influence lender pricing. Indeed ... MND NewsWire - 3:48PM Wells Fargo Survey Shows Gap in Homebuying Knowledge Despite record low homeownership rates consumers have not soured on the American dream. The second annual edition of "How American Views Home Ownership" report by Wells Fargo & ... MND NewsWire - 10:28AM Hidden Message in Building Permits Data: Prepare to Rent! This morning's Residential Construction report for May, held much better news than appeared at first glance even though that first glance was not bad either. Permitting and construction ... MBS Commentary - 12:16PM MBS MID-DAY: Bonds Bounce Back to Gains After European Close Europe has been in the driver's seat throughout the day as far as domestic bond markets are concerned. While Treasuries were doing fairly well as the overnight session began, it was ... MBS RECAP: Bond Markets Not Making for Easy Pre-Fed Strategy Decisions Upcoming TRID Events Around the Country; Thoughts on Helping Minorities & Millennials MBS Day Ahead: Anything to Talk About Other Than Fed Tomorrow? Latest Video Fed Survey: When will the Fed hike rates? Housing starts pause, building permits up The worrisome part about housing data More News from 'Around the Web' www.builderonline.com - 3:00PM Mega-Merger Gives Insight into Builder Confidence Calculated Risk Blog - 3:00PM Comments on May Housing Starts www.menendez.senate.gov - 2:45PM Menendez Bill Would Help Homeowners at Risk of Foreclosure Stay in Their Homes www.wellsfargo.com - 12:45PM Consumers' Misconceptions Temper Desire for Homeownership CNBC - 12:34PM Why aren't more homes being built? Calculated Risk Blog - 11:11AM CoreLogic: 254,000 US Properties Regained Equity in the First Quarter of 2015 CNBC - 10:44AM Fed wants 2 rate hikes, but may back down: Expert CNBC - 10:44AM CME boss losing faith in Fed hike soft landing Reuters - 8:50AM U.S. housing starts pause after hefty gains, building permits soar Bloomberg - 8:49AM Draghi Gets EU Top Court's Backing for 2012 Bond-Buying Plan Reuters - 8:47AM Greek PM sticks to hard line as contagion hits euro zone bonds Bloomberg - 8:46AM Mortgage-Bond Sales Soar in Sign U.S. Crisis Wounds Healing WSJ - 12:28AM What Happens if Greece Misses Payments? Calculated Risk Blog - 12:24AM 4% Sustained GDP Growth? Bloomberg - 12:22AM Hedge Funds With Central Banks Showing Doubt Bond Rout Has Legs Today's Rates Best Execution Rate Change 30 Yr FRM 4.11% -0.01 15 Yr FRM 3.30% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.92% -0.01 5/1 Yr ARM 3.10% +0.06 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 4.07% 0.35 +0.03 15 Yr. Fixed 3.29% 0.24 +0.03 30 Yr. Jumbo 4.06% 0.29 +0.02 30 Yr. FHA 3.83% 0.16 +0.03 5/1 ARM 3.04% 0.48 +0.05 Freddie Mac ** 30 Yr. Fixed 4.04% 0.60 +0.17 15 Yr. Fixed 3.25% 0.60 +0.17 1 Yr. ARM 2.53% 0.20 -0.06 5/1 Yr. ARM 3.01% 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 99.69 +0.39 30YR FNMA 3.5 103.09 +0.31 30YR GNMA 3.0 101.25 +0.48 30YR GNMA 3.5 103.84 +0.25 15YR FNMA 3.0 103.44 +0.19 15YR FNMA 2.5 101.03 +0.19 Treasuries Yield Change 2 YR 0.6935% -0.0120 5 YR 1.6616% -0.0430 10 YR 2.3093% -0.0502 30 YR 3.0431% -0.0461 Prices as of: 6/16/2015 4:57PM 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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