Daily Newsletter: Mortgage Rates Near June Lows; FHA New Defect Taxonomy; Current State of the Mortgage Market from MBA's Stevens

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30 Year Fixed 4.05%   -0.03 15 Year Fixed 3.25%   -0.02 10YR Treasury 2.26%   -0.0643 FNMA 30YR 3.5 103.44   +0.23 FNMA 15YR 2.5 103.84   +0.19 View Today's Rates

Friday June 19, 2015 Mortgage Rate Watch - 3:18PM Mortgage Rates Near June Lows Mortgage rates took a few more steps in the right direction today and have now made it back to levels not seen since the beginning of June. Only the first 2 days of the month were any ... MND NewsWire - 11:09AM FHA Introduces new Defect Taxonomy The Federal Housing Administration (FHA) has introduced its initial steps toward a new Single Family Loan Quality Assessment Methodology or what it is also calling a "defect taxonomy ... Pipeline Press - 10:47AM Safest Places to Live; Note from Dave Stevens on the Current State of the Biz The Census Bureau reports that as of Q1, the percentage of Americans who own their homes fell to the lowest level in 20Ys (to 63.8%). Tighter lending requirements, prior foreclosures ... MBS Commentary - 7:33AM MBS Day Ahead: Absence of Data Leaves Bonds to Consider Their Fate Good old 2015. January was quite nice for fans of low rates. The hotly anticipated ruling from the European Court of Justice on QE was about to be handed down and tradeflows were already ... MBS MID-DAY: Bond Markets Grinding Sideways After Overnight Gains Home Buying Season in Full Swing -Ellie Mae Latest Video Boomerang home buyers ECB providing more liquidity today 2015 will be the year for liftoff: Williams More News from 'Around the Web' CNBC - 3:08PM Paulsen: Fed missed best chance to hike www.builderonline.com - 3:08PM Millennials Want to Buy Homes—But They Don't Think They Can Afford Them Bloomberg - 3:08PM Williams Says He Expects Fed to Raise Rates Twice in 2015 WSJ - 3:07PM Fed's Mester: Economy Could Deal With Quarter-Point Rate Rise Now Market Watch - 1:20PM Fed's Williams seems pretty close to backing rate hike Market Watch - 1:20PM The ridiculousness of listening to the Fed Market Watch - 12:03PM KB Home shares spring higher as builder's orders rise CNBC - 12:02PM 'Boomerang buyers' igniting housing? Calculated Risk Blog - 12:01PM Fed: Q1 Household Debt Service Ratio Very Low CNBC - 9:18AM Fed to market: 'Free beer tomorrow' CNBC - 9:03AM Safe-haven Treasurys gain on Greek jitters Bloomberg - 9:01AM Stonegate Mortgage System Lets Investors Handpick Loans to Buy CNBC - 12:13AM Final acts in Greek drama may be rough for markets Reuters - 12:12AM Euro zone sets emergency summit on Greece as money flees www.builderonline.com - 12:10AM Top 10 Markets with Home Prices Furthest Below Pre-Crisis Peaks Today's Rates Best Execution Rate Change 30 Yr FRM 4.05% -0.03 15 Yr FRM 3.25% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.85% -0.04 5/1 Yr ARM 3.12% -0.01 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 4.00% 0.70 -0.04 15 Yr. Fixed 3.23% 0.50 -0.02 1 Yr. ARM 2.53% 0.20 +0.00 5/1 Yr. ARM 3.00% 0.40 -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 3.0 100.06 +0.27 30YR FNMA 3.5 103.44 +0.23 30YR GNMA 3.0 101.41 +0.23 30YR GNMA 3.5 104.03 +0.17 15YR FNMA 3.0 103.84 +0.19 15YR FNMA 2.5 101.47 +0.22 Treasuries Yield Change 2 YR 0.6209% -0.0162 5 YR 1.5725% -0.0511 10 YR 2.2630% -0.0643 30 YR 3.0536% -0.0691 Prices as of: 6/19/2015 3:50PM 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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