Daily Newsletter: Mortgage Rates Bounce Higher, Snapping 4-Day Streak; Buying Cheaper Than Renting in most Major Counties

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30 Year Fixed 4.08%   +0.05 15 Year Fixed 3.26%   +0.03 10YR Treasury 2.30%   +0.1038 FNMA 30YR 3.5 103.09   -0.48 FNMA 15YR 2.5 103.64   -0.27 View Today's Rates

Thursday July 9, 2015 Mortgage Rate Watch - 6:57PM Mortgage Rates Bounce Higher, Snapping 4-Day Streak Mortgage rates rose fairly quickly today, ending the best 4-day winning streak since early March. On a positive note, this only takes us back in line with Monday's rate offerings, which ... MBS Commentary - 6:51PM MBS RECAP: Good Day for Greece and China; Bad Day for US Rates The easiest promise to make for 2015 has been that of volatility . It's not the worst we've ever seen, but it continues at a healthy pace in terms of the size of day to day changes ... MND NewsWire - 8:04AM Buying Cheaper than Renting in two-thirds of Major Counties Payments on a mortgage used to purchase a three-bedroom home were more affordable than paying rent on a similar home in 66 percent of the counties recently analyzed by RealtyTrac. The ... Pipeline Press - 11:48AM Trends in Servicing and Servicing Transfers Catching up on servicing news, don't forget that the FHFA will now require servicers of mortgages to have a minimum net worth of $2.5mm plus 25bp of the unpaid principal balance of ... MBS MID-DAY: Second Thoughts About Breaking The Range MBS Day Ahead: Focus Remains Overseas as Deadlines Loom Latest Video Futures Now: Bonds break streak Santelli Exchange: If the rug gets pulled out Jobless claims up 15K to 297,000 More News from 'Around the Web' www.cfpbmonitor.com - 4:37PM CFPB releases "Consumer Protection Principles" for faster payment systems WSJ - 3:18PM The Share of Americans Behind on Home-Equity Loans Is the Lowest Since 2008 WSJ - 3:16PM Fed's George Says Central Bank Should Implement Modest Rate Rises 'Now' WSJ - 3:16PM Fed's Evans Favors Mid-2016 for Interest-Rate Increase CNBC - 12:00PM Will Chinese buyers flee or flood US housing? Calculated Risk Blog - 11:58AM FHFA Paper: "The Marginal Effect of First-Time Homebuyer Status on Mortgage Default" Bloomberg - 10:50AM IMF Cuts World Outlook, Sees Growth Weathering Greece, China freddiemac.mwnewsroom.com - 10:49AM Global Uncertainty Pushes U.S. Mortgage Rates Lower CNBC - 9:09AM Jobless claims rise to highest level since February Washington Post - 9:07AM 28 percent of whites say they favor a law allowing homeowners to discriminate CNBC - 9:01AM Treasurys eye Fed speakers, 30-year auction Reuters - 9:01AM U.S. bank earnings to be hit by bond trading slump: analysts WSJ - 9:01AM Fed's Kocherlakota: Fed Mission Could Be Made Easier With More Government Debt Reuters - 12:11AM Greece seeks new EU loan deal in race to avert collapse www.cfpbmonitor.com - 12:10AM CFPB releases video of "final" webinar on TILA-RESPA Integrated Disclosure rule Bloomberg - 12:10AM In an About Face, Treasuries Post Gain for 2015 as Stocks Fall Today's Rates Best Execution Rate Change 30 Yr FRM 4.08% +0.05 15 Yr FRM 3.26% +0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.87% +0.03 5/1 Yr ARM 3.11% +0.01 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 4.04% 0.60 -0.04 15 Yr. Fixed 3.20% 0.50 -0.04 1 Yr. ARM 2.50% 0.30 -0.02 5/1 Yr. ARM 2.93% 0.40 -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 99.77 -0.56 30YR FNMA 3.5 103.09 -0.48 30YR GNMA 3.0 100.92 -0.50 30YR GNMA 3.5 103.69 -0.39 15YR FNMA 3.0 103.64 -0.27 15YR FNMA 2.5 101.27 -0.33 Treasuries Yield Change 2 YR 0.5851% +0.0357 5 YR 1.5725% +0.0800 10 YR 2.3031% +0.1038 30 YR 3.0999% +0.1191 Prices as of: 7/9/2015 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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