Daily Newsletter: Mortgage Rates Lowest in a Month After Fed; Rate Lock Costs Explained

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30 Year Fixed 4.03%   -0.04 15 Year Fixed 3.23%   -0.02 10YR Treasury 2.20%   -0.0589 FNMA 30YR 3.5 103.58   +0.38 FNMA 15YR 2.5 103.91   +0.25 View Today's Rates

Wednesday July 8, 2015 Mortgage Rate Watch - 6:59PM Mortgage Rates Lowest in a Month After Fed Mortgage rates moved lower at a healthy pace today, ultimately hitting the best levels in just over a month. It was the 4th straight day of improvements and since June 29th, 6 out of ... MBS Commentary - 6:52PM MBS RECAP: Bond Markets Surge Before and After Fed, But... Treasuries began the overnight session moving lower in yield with Asian equities markets once again selling-off. Shortly after Europe came online, the rally reversed, but never in an ... Pipeline Press - 11:52AM Best Efforts Sales are Alive and Well: The Cost of Rate Lock Extensions Explained For many lenders regardless of size, health care costs are expensive. Unfortunately it is about to become worse. The New York Times reports health insurance companies around the country ... MND NewsWire - 10:07AM Effects of Lower Rates Muted by Holiday in Applications Survey The drop in interest rates during the week ended July 3 sent mortgage application volume higher on a seasonally adjusted basis but the shortened week occasioned by the Independence ... MBS MID-DAY: Bond Markets Unfazed by NYSE Outage (or Anything, Really) MBS Day Ahead: Asia, Europe, and FOMC Minutes Compete for Attention Fannie and Freddie Continue Moving Toward Common Security Latest Video Trading halted on NYSE floor Fed June meeting minutes Santelli Exchange: When will Fed raise rates More News from 'Around the Web' Market Watch - 4:51PM ECB bond market purchases have 'contained' Greek crisis, OFR says WSJ - 4:06PM Higher Rates Wouldn't Tame Bubbles Even if Central Banks Tried, IMF Paper Says Market Watch - 4:06PM Fed's Williams still eyes two rate hikes this year WSJ - 4:06PM Consumer Credit Rises at a Slower Pace in May CNBC - 4:06PM IMF's Lagarde: Greece will need debt restructuring Washington Post - 4:05PM NYSE just had its longest computer-problem related closure ever Reuters - 4:06PM NYSE trading resumes after three-hour outage Bloomberg - 2:58PM Euro Area Said to Consider Guarantee Plan for ECB Aid to Greece WSJ - 2:56PM Fed Officials Finally See U.S. Housing Sector on the Upswing Federal Reserve - 2:08PM Minutes of the Federal Open Market Committee, June 16-17, 2015 CNBC - 2:07PM 'Cautious' Fed charts course for hikes: Minutes CNBC - 1:55PM Trader: Cancel orders, get ice cream www.builderonline.com - 12:25PM Bay Area Housing Bubble? Warning Signs Emerge Bloomberg - 12:22PM Google Hires Mortgage Strategist for Bonds Bloomberg - 12:21PM ECB Keeps Greek Bank Aid Unchanged Before Sunday Deal Deadline Fannie Mae - 11:02AM Fannie Mae, Freddie Mac and Common Securitization ... Bloomberg - 11:01AM These Are the 23 Cities Where Millennials Can't Afford to Rent a Home Calculated Risk Blog - 11:01AM Las Vegas Real Estate in June: Sales Increased 12.8% YoY Bloomberg - 9:28AM ECB Poised to Talk on Greek Bank Aid as Deadline Nears Bloomberg - 9:19AM Seattle as Next Silicon Valley Sparks Home-Sales Frenzy Today's Rates Best Execution Rate Change 30 Yr FRM 4.03% -0.04 15 Yr FRM 3.23% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.84% -0.02 5/1 Yr ARM 3.10% -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 4.08% 0.60 +0.06 15 Yr. Fixed 3.24% 0.60 +0.03 1 Yr. ARM 2.52% 0.30 +0.02 5/1 Yr. ARM 2.99% 0.40 +0.01 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 3.0 100.33 +0.50 30YR FNMA 3.5 103.58 +0.38 30YR GNMA 3.0 101.42 +0.38 30YR GNMA 3.5 104.08 +0.28 15YR FNMA 3.0 103.91 +0.25 15YR FNMA 2.5 101.59 +0.27 Treasuries Yield Change 2 YR 0.5494% -0.0398 5 YR 1.4925% -0.0539 10 YR 2.1993% -0.0589 30 YR 2.9808% -0.0599 Prices as of: 7/8/2015 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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