Daily Newsletter: Mortgage Rates Right Back to 2015 Highs; Foreclosures Improve, but Still Double Pre-Crisis Pace

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30 Year Fixed 4.13%   +0.03 15 Year Fixed 3.34%   +0.04 10YR Treasury 2.44%   +0.0686 FNMA 30YR 3.5 102.73   -0.38 FNMA 15YR 2.5 103.27   -0.27 View Today's Rates

Tuesday June 9, 2015 Mortgage Rate Watch - 3:43PM Mortgage Rates Right Back to 2015 Highs Mortgage rates bounced back up to the highest levels of 2015 today. Yet again, it was a frustrating and seemingly serendipitous move, unable to be blamed on any particular event or ... MND NewsWire - 1:28PM Despite Improvements, Foreclosures Still Double Pre-Crisis Pace It continues to be clear that the foreclosure crisis is winding down while ongoing elevated levels of mortgage distress mean it could be a long time before it actually ends. CoreLogic ... Pipeline Press - 11:37AM Lenders' $300 Billion Legal Bill; Life in a Mortgage Bank A survey of 16 big global lenders revealed that the total bill for legal matters has hit $300 billion . Yesterday the commentary mentioned the CFPB fines for California's Guarantee ... MBS Commentary - 7:34AM MBS Day Ahead: Most Recent Rate Trend Quickly Running Out of Room The most striking features of last month's trading levels were the clearly defined consolidations in rates, both at home and abroad. Not only were they overt, but long-lasting as well ... MBS MID-DAY: Bond Markets Threaten Another Pivot Toward Higher Rates Rising Income, Employment Lift Consumer Housing Outlook Latest Video Wholesale inventories up 0.4% Small biz optimism hits a high Mortgage modification shift More News from 'Around the Web' CNBC - 5:13PM Traders look to Germany's correction WSJ - 5:11PM Where Did All the Construction Workers Go? Bloomberg - 3:20PM This Is the First Fed Number Traders Will Look for Next Week CNBC - 3:20PM Traders look to buy Germany's correction WSJ - 2:35PM Majority of Americans Think the Housing Crisis Isn't Over Market Watch - 1:13PM Justice Department probes banks for rigging Treasury market www.builderonline.com - 1:11PM About 571,000 Borrowers Struggling to Avoid Foreclosure Calculated Risk Blog - 1:11PM Las Vegas Real Estate in May: Sales Decreased 2.5% YoY Bloomberg - 11:43AM Hovnanian Shares Drop Most Since 2011 After Loss Widens Bloomberg - 11:42AM JPMorgan Economist: Get Ready for the Economy to Produce Way Fewer Jobs Calculated Risk Blog - 10:11AM BLS: Jobs Openings increased to 5.4 million in April, Highest on Record CNBC - 10:11AM Wholesale inventories up in April The Big Picture - 8:59AM Where Millennials Are Priced Out of the Housing Market Washington Post - 8:58AM What you'd need to earn in every state to afford a decent apartment Bloomberg - 8:56AM U.S. Mortgage Borrowers Share the Pain Amid Global Bond Selloff Today's Rates Best Execution Rate Change 30 Yr FRM 4.13% +0.03 15 Yr FRM 3.34% +0.04 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.94% +0.03 5/1 Yr ARM 3.00% +0.00 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 +0.00 15 Yr. Fixed 3.08% 0.50 -0.03 1 Yr. ARM 2.59% 0.20 +0.09 5/1 Yr. ARM 2.96% 0.50 +0.06 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 99.09 -0.42 30YR FNMA 3.5 102.73 -0.38 30YR GNMA 3.0 100.33 -0.38 30YR GNMA 3.5 103.27 -0.28 15YR FNMA 3.0 103.27 -0.27 15YR FNMA 2.5 100.70 -0.33 Treasuries Yield Change 2 YR 0.7209% +0.0321 5 YR 1.7537% +0.0449 10 YR 2.4366% +0.0686 30 YR 3.1688% +0.0527 Prices as of: 6/9/2015 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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