Daily Newsletter: Mortgage Rates Steady to Slightly Lower; Highest Builder Confidence Since 2005; Significant Freddie Underwriting Changes

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30 Year Fixed 4.08%   -0.01 15 Year Fixed 3.26%   -0.01 10YR Treasury 2.36%   +0.0001 FNMA 30YR 3.5 102.89   +0.05 FNMA 15YR 2.5 103.39   +0.03 View Today's Rates

Thursday July 16, 2015 Mortgage Rate Watch - 5:36PM Mortgage Rates Steady to Slightly Lower Mortgage rates are doing a great job of holding their ground after two days of solid improvement. If we look closely enough, today's rate sheets also improved, but by such a small amount ... MND NewsWire - 1:25PM Builder Confidence Highest Since 2005 Builder confidence may finally be back to stay. After yo-yoing in and out of the "good" range of 50 or more for years, the National Association of Home Builders (NAHB) said on Thursday ... MND NewsWire - 10:16AM Freddie Mac Updates Alter DTI Calculations, Multi Property Requirements A number of selling updates to Freddie Mac's Single-Family Seller/Servicer Guide are slated to go into effect over the next several months. The largest number of updates concern credit ... MND NewsWire - 9:54AM Applications Hint at Strong June New Home Sales Applications for mortgages to purchase newly constructed homes rose again in June and the Mortgage Bankers Association (MBA) said this bodes well for a substantial increase in the sales ... Innovation in Primary & Secondary Markets; Every FHA Lender Following HUD v. Nova MBS Day Ahead: Time to Build a Case for Change of Pace in 2015? Latest Video US rates won't go up that much: Pro Yellen & Sen. Shelby to face off Greece short-term smooth, long-term 'messy': El-Erian More News from 'Around the Web' Bloomberg - 5:25PM Yellen: Fed Sees Risk of Tightening Too Early, Too Late Reuters - 5:22PM Exclusive: U.S. housing regulator paid law firms $373 million to sue banks Calculated Risk Blog - 3:33PM Early Read on Existing Home Sales in June CNBC - 1:27PM How Dodd-Frank changed housing, for good and bad CNBC - 1:27PM Housing supply shrinking in Phoenix Washington Post - 12:18PM Bonds are starting to look scary. How this pro is navigating the market. www.cfpbmonitor.com - 12:18PM Director Cordray appears before Senate Banking Committee freddiemac.mwnewsroom.com - 10:11AM Mortgage Rates Seesaw Higher WSJ - 10:11AM The Fed's 'Risk-Management' Case for Raising Rates Soon CNBC - 10:09AM Philly Fed index below expectations CNBC - 10:09AM Builder sentiment hits decade high, rising to 60 www.treasury.gov - 10:09AM Treasury Seeks Public Comments on Marketplace Lending Reuters - 8:43AM U.S. jobless claims resume downward trend Bloomberg - 8:43AM Schaeuble Shrugs Off Greek Vote Saying Euro Exit Is Best rss.nytimes.com - 8:42AM Thinking About Taking Out a Mortgage? Don't Obsess Over the Fed Reuters - 8:42AM U.S. foreclosure activity in first half of 2015 fell to 10-year low 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% +0.02 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 99.47 +0.05 30YR FNMA 3.5 102.89 +0.05 30YR GNMA 3.0 101.02 +0.03 30YR GNMA 3.5 103.89 +0.08 15YR FNMA 3.0 103.39 +0.03 15YR FNMA 2.5 100.98 -0.02 Treasuries Yield Change 2 YR 0.6613% +0.0283 5 YR 1.6563% +0.0248 10 YR 2.3576% +0.0001 30 YR 3.1163% -0.0271 Prices as of: 7/16/2015 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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