Daily Newsletter: Mortgage Rates Remain Near 2015 Highs as Fed Approaches; Negative Equity Worst at Low End, Holding Housing Back; Vendor Management

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30 Year Fixed 4.12%   +0.01 15 Year Fixed 3.31%   -0.01 10YR Treasury 2.39%   +0.0110 FNMA 30YR 3.5 102.72   -0.19 FNMA 15YR 2.5 103.53   -0.09 View Today's Rates

Friday June 12, 2015 Mortgage Rate Watch - 6:10PM Mortgage Rates Remain Near 2015 Highs as Fed Approaches Mortgage rates looked like they might come down a bit today. The morning hours were generally positive for bond markets, including mortgage-backed-securities (MBS) which lenders use ... MND NewsWire - 4:09PM Negative Equity Worst at Low End, Jamming 'Housing Conveyor Belt" The plight of underwater homeowners is proving to be pesky to resolve if Zillow's latest numbers on negative equity are correct. The company said today that while homeowners with a ... Pipeline Press - 10:45AM Non-QM Exec Vacates; Legal Explanation of the Importance of Vendor Management Every once in a while someone will ask me about mortgage origination numbers, like does anyone count the number of loans made? Sure - read through the HMDA data - it is a great opportunity ... MBS Commentary - 7:33AM MBS Day Ahead: Built Up To Be Let Down? Yesterday was great! While we could poke holes in motivation for such a big rally by pointing out that it began from the weakest levels in 8 months, among other things, it was still ... MBS RECAP: US Rates Not Interested Without Europe; Widespread Negative Reprices MBS MID-DAY: Negative Turn After European Close Latest Video The week ahead: Following the Fed 8 million borrowers are underwater Santelli Exchange: The Fed's investment advice More News from 'Around the Web' CNBC - 3:39PM Why higher rates could make real estate a buy Calculated Risk Blog - 3:39PM Existing Homes Sales in May: Big Bounce from “Strangely-Low” April www.gallup.com - 2:35PM Most in U.S. Say Low Gas Prices Make Difference in Finances Market Watch - 1:09PM Why closing on a home could soon take longer Calculated Risk Blog - 1:09PM FOMC Preview: No Rate Hike CNBC - 1:03PM How rising rates hurt bond prices CNBC - 1:02PM Underwater homeowners: No relief Reuters - 10:26AM U.S. consumer sentiment climbs in June Bloomberg - 10:26AM Treasury Bond Traders Betting on Stability After Volatile Ride Bloomberg - 10:26AM Here's the Research That Could Push Back a Fed September Rate Hike Bloomberg - 8:55AM Wholesale Prices in U.S. Increased in May as Fuel Costs Climbed WSJ - 8:54AM Three Economic Puzzles Are Now Less Puzzling Reuters - 8:54AM Exclusive: Euro zone formally discusses Greek default for first time WSJ - 6:53AM Fed Meetings May Be Live, But Here's Why They're Unlikely to Surprise Today's Rates Best Execution Rate Change 30 Yr FRM 4.12% +0.01 15 Yr FRM 3.31% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.94% +0.00 5/1 Yr ARM 3.05% +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 4.04% 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 99.22 -0.16 30YR FNMA 3.5 102.72 -0.19 30YR GNMA 3.0 100.75 -0.09 30YR GNMA 3.5 103.59 -0.16 15YR FNMA 3.0 103.53 -0.09 15YR FNMA 2.5 101.03 -0.16 Treasuries Yield Change 2 YR 0.7256% +0.0085 5 YR 1.7427% +0.0153 10 YR 2.3918% +0.0110 30 YR 3.1030% +0.0065 Prices as of: 6/12/2015 4:31PM 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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