Daily Newsletter: 'Drastic Imbalances' Push Existing Home Prices to Record High; Sneaky Mortgage Rate Hike in Senate Bill; Bonds Hold Ground Despite Headwinds

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30 Year Fixed 4.04%   -0.02 15 Year Fixed 3.23%   -0.01 10YR Treasury 2.33%   -0.0072 FNMA 30YR 3.5 103.13   0.00 FNMA 15YR 2.5 103.42   -0.08 View Today's Rates

Wednesday July 22, 2015 MND NewsWire - 11:19AM 'Drastic Imbalances' Push Existing Home Prices to Record High There was unabashedly good news from the National Association of Realtors® (NAR) this morning. Not only were existing home sales in June at the fastest pace in over eight years ... MND NewsWire - 2:47PM Sneaky Plan to Raise Mortgage Rates in Highway Bill Senate Majority Leader Mitch McConnell (R-KY) and Senator Barbara Boxer (D-CA), Ranking Member of the Senate Environment and Public Works Committee have reached agreement on a Senate ... Mortgage Rate Watch - 5:28PM Mortgage Rates Continue Holding Ground, but For How Long? Mortgage rates haven't made any sudden moves recently. Not only that, but most of the moves have been in a friendly direction this month. There have only been 2-3 days of volatility ... MBS Commentary - 5:24PM MBS RECAP: Bond Markets Hold Ground Despite Headwinds Little has changed from the mid-day summary. In it, we discussed the fact that today's economic data and corporate bond issuance constituted headwinds for Treasuries and MBS. At the ... MBS MID-DAY: Not Much Change in Prices, but That's More Meaningful Today Upcoming Events; Have a Say on G-fees; Cost of Enforcement Actions Mortgage Applications, Rates Hit Summer Doldrums MBS Day Ahead: First Economic Data of the Week: Existing Home Sales Latest Video Interest-only loans return... with a twist Affordable housing down the drain? Mortgage bankers revise forecast higher More News from 'Around the Web' Calculated Risk Blog - 4:32PM A Few Random Comments on June Existing Home Sales Bloomberg - 4:32PM Intel Plans Bond Sale to Fund $16.7 Billion Altera Takeover Fannie Mae - 2:15PM Fannie Mae Releases Enhanced Single-Family Loan Performance Dataset CNBC - 2:15PM Mortgage bankers predict $71B more in volume for '15 Calculated Risk Blog - 12:46PM AIA: Architecture Billings Index increased in June, "Multi-family housing design showing signs of slowing" Calculated Risk Blog - 10:15AM Existing Home Sales in June: 5.49 million SAAR, Highest Pace in Eight Years www.realtor.com - 9:00AM Condos Left Behind in Housing Rebound freddiemac.mwnewsroom.com - 8:53AM Freddie Mac July 2015 U.S. Housing Market Insight & Outlook Bloomberg - 12:46AM Yellen's Gradual Policy Path Backed by Slumping Inflation View Calculated Risk Blog - 12:45AM Wednesday: Existing Home Sales, Architecture Billings Index Today's Rates Best Execution Rate Change 30 Yr FRM 4.04% -0.02 15 Yr FRM 3.23% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.80% -0.03 5/1 Yr ARM 3.03% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.26% 1.25 -0.06 30 Yr. Fixed 3.90% 1.28 -0.03 MBA ** 30 Yr. Fixed 4.23% 0.37 -0.03 15 Yr. Fixed 3.41% 0.31 -0.03 30 Yr. Jumbo 4.18% 0.30 -0.03 30 Yr. FHA 4.01% 0.18 -0.03 5/1 ARM 3.03% 0.37 -0.06 Freddie Mac ** 30 Yr. Fixed 4.09% 0.60 +0.05 15 Yr. Fixed 3.25% 0.60 +0.05 1 Yr. ARM 2.50% 0.30 +0.00 5/1 Yr. ARM 2.96% 0.50 +0.03 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 99.75 +0.03 30YR FNMA 3.5 103.13 0.00 30YR GNMA 3.0 101.03 +0.09 30YR GNMA 3.5 103.84 0.00 15YR FNMA 3.0 103.42 -0.08 15YR FNMA 2.5 101.02 -0.03 Treasuries Yield Change 2 YR 0.7104% +0.0205 5 YR 1.6729% +0.0099 10 YR 2.3289% -0.0072 30 YR 3.0431% -0.0243 Prices as of: 7/22/2015 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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