Daily Newsletter: Mortgage Rates Staying Calm to Begin Month; Labor Shortages Adding to New Home Costs; Chase/Wells Lawsuits

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30 Year Fixed 4.08%   +0.01 15 Year Fixed 3.26%   +0.01 10YR Treasury 2.38%   +0.0291 FNMA 30YR 3.5 102.91   -0.09 FNMA 15YR 2.5 103.34   -0.08 View Today's Rates

Monday July 20, 2015 Mortgage Rate Watch - 5:48PM Mortgage Rates Staying Calm to Begin Month Mortgage rates did move microscopically higher today, but that's about the worst thing to be said about them. In fact, it's one of the only things to be said about rates anywhere! The ... MND NewsWire - 5:23PM Labor Shortages Adding to New Home Costs Since the recession officially ended a lack of labor and materials has blamed in part for the sluggishness of new home construction, at least by the National Association of Home Builders ... Pipeline Press - 10:24AM Chase Settles Lawsuit, Wells Has One Dismissed; Progress on e-Sign? Backup LOS Worth It? I am visiting Denver for much of this week, and heard this quote: "Our company culture? It consists of talking about our company culture." Kidding aside, culture sure is important, ... MBS Commentary - 7:33AM MBS Week Ahead: Not a Week For Lofty Long-Term Decisions Thanksgiving, Spring Break, or Christmas are the likely candidates for the busiest travel times of the year, right? While that would stand to reason, the reality is that busiest travel ... MBS RECAP: Corporate Bond Issuance and Not Much Else Growing Home Sales Expected to Fuel Remodeling Foreclosures Plummeting Overall, but Some States Spiking Latest Video Five years of Dodd Frank Santelli: Bonds & bunds 'linked at the hip' Wages missing link in rate hike puzzle: Pro More News from 'Around the Web' Calculated Risk Blog - 4:24PM A comment on Interest Only Mortgage Loans www.realtor.com - 4:24PM Spending on Home Remodeling Is (Slowly) Improving CNBC - 1:38PM Interest-only mortgages: They're baaack WSJ - 1:36PM Signs of Overheating in the Single-Family Rental Market Calculated Risk Blog - 12:13PM CoreLogic: Southern California June Home Sales up 18% Year-over-year Reuters - 10:32AM Fed's Bullard says better than 50 pct chance of Fed hike in September: Fox House Financial Services - 10:31AM After Five Years, Dodd-Frank Is a Failure Reuters - 10:31AM Jeb Bush vows Washington culture shake-up webfeeds.brookings.edu - 10:31AM GDP contractions aside, recovery continues in most metro areas Market Watch - 10:30AM Barney Frank bashes critics of Dodd-Frank, including some Democrats www.cfpbmonitor.com - 8:50AM CFPB launches monthly complaint report CNBC - 8:49AM US Treasurys start week on back foot Bloomberg - 8:48AM Rules for Signing Mortgages Online Boosts Black Knight Today's Rates Best Execution Rate Change 30 Yr FRM 4.08% +0.01 15 Yr FRM 3.26% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.85% +0.01 5/1 Yr ARM 3.08% +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 4.09% 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 99.47 -0.13 30YR FNMA 3.5 102.91 -0.09 30YR GNMA 3.0 100.78 -0.06 30YR GNMA 3.5 103.69 -0.03 15YR FNMA 3.0 103.34 -0.08 15YR FNMA 2.5 100.94 -0.11 Treasuries Yield Change 2 YR 0.7102% +0.0407 5 YR 1.7077% +0.0365 10 YR 2.3778% +0.0291 30 YR 3.1040% +0.0188 Prices as of: 7/20/2015 4:30PM 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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