Daily Newsletter: Mortgage Rates Back to 2 Week lows; FHA Memo on Down-Payment Programs; G-Fee Fallout

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30 Year Fixed 4.06%   -0.02 15 Year Fixed 3.24%   -0.02 10YR Treasury 2.34%   -0.0417 FNMA 30YR 3.5 103.13   +0.22 FNMA 15YR 2.5 103.50   +0.16 View Today's Rates

Tuesday July 21, 2015 Mortgage Rate Watch - 3:47PM Mortgage Rates Back to 2 Week lows Mortgage rates reversed course today, getting back in line with the recent trend of slow, steady improvements. The average lender is now back in line with their best offerings in more ... Pipeline Press - 10:30AM IRS Drama Continues; FHA's Memo on DPA Programs; Fallout From G-Fees "Rob, I find it very interesting that the FHFA reported that the Agencies have selected smaller and less financially stable companies to receive lower g-fees than they give the big ... MBS Commentary - 7:33AM MBS Day Ahead: One More Tediously Slow Day in Terms of Scheduled Events Australia will release its CPI data today. It doesn't have any bearing on interest rates in the US, and there's no reason for you to know that it's happening. The only reason I mention ... MBS MID-DAY: Sun Also Rises for Narrow Summertime Range Labor Shortages Adding to New Home Costs Growing Home Sales Expected to Fuel Remodeling Latest Video 'Property Brothers': Best real estate deals US still a great market for real estate: Pro Barney Frank: Don't take a risk unless you can stand behind it More News from 'Around the Web' Reuters - 4:50PM Citi ordered to pay $770 million over credit card practices Fannie Mae - 4:48PM Fannie Mae Issues $14.5 Billion of Multifamily MBS House Financial Services - 3:19PM Dodd-Frank Act Leaves America Less Stable, Less Prosperous, Less Free Bloomberg - 2:12PM This Is What Raising the Minimum Wage Did to Jobs in 11 States Washington Post - 1:05PM Mapped: The oldest and youngest states in America CNBC - 1:05PM Will the dollar foil the Fed's plans? Calculated Risk Blog - 1:03PM DOT: Vehicle Miles Driven increased 2.7% year-over-year in May, Rolling 12 Months at All Time High CNN - 1:03PM Greece: Next steps before it can get bailout www.nytimes.com - 11:31AM Controversial Op-Ed in NYT on Fannie and Freddie www.realtor.com - 9:15AM America's most affordable—and least affordable—beach towns Washington Post - 8:54AM How to navigate the tightest housing market in years Reuters - 8:49AM Fed takes tough stance on bond liquidity, downplays market fears WSJ - 8:48AM ECB Gets Cash, and Lessons, from Defunct Bond Plan CNBC - 8:48AM Fed on bonds: What liquidity issue? Calculated Risk Blog - 12:15AM WSJ: "Bidding Wars Return to Home Market" Today's Rates Best Execution Rate Change 30 Yr FRM 4.06% -0.02 15 Yr FRM 3.24% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.83% -0.02 5/1 Yr ARM 3.05% -0.03 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 99.72 +0.25 30YR FNMA 3.5 103.13 +0.22 30YR GNMA 3.0 100.94 +0.16 30YR GNMA 3.5 103.84 +0.16 15YR FNMA 3.0 103.50 +0.16 15YR FNMA 2.5 101.05 +0.11 Treasuries Yield Change 2 YR 0.6899% -0.0203 5 YR 1.6630% -0.0447 10 YR 2.3361% -0.0417 30 YR 3.0674% -0.0366 Prices as of: 7/21/2015 4:46PM 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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