Daily Newsletter: Mortgage Rates Moderately Lower After Yellen Testimony; Rental Market Big Winner After Recession; Refi Apps Bounce in Gutter

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30 Year Fixed 4.09%   -0.03 15 Year Fixed 3.27%   -0.03 10YR Treasury 2.36%   -0.0417 FNMA 30YR 3.5 102.84   +0.19 FNMA 15YR 2.5 103.36   -0.13 View Today's Rates

Wednesday July 15, 2015 Mortgage Rate Watch - 5:49PM Mortgage Rates Moderately Lower After Yellen Testimony Mortgage rates once again focused more on domestic issues today as Greece had not yet voted to approve its bailout by the time US markets closed. While the results of that vote could ... MND NewsWire - 5:32PM Rental Market is Clear Winner in Recession Aftermath The financial crisis was obviously better for the rental housing market than it was for the purchase market but the health of the former appears to be continuing well into the recovery ... Pipeline Press - 10:16AM News from the MBA, Including TRID Survey, OIG, CFPB, NAR, CUNA, PACE, and Several Other Acronyms Yes, IT systems have sailed through things like Y2K (remember that?) and the leap second on June 30 th . But there are bigger challenges. The Federal Financial Institutions Examination ... MND NewsWire - 9:21AM Refi Apps Technically Higher, But Bouncing Along The Gutter Overall The take-away from the Mortgage Bankers Association's (MBA's) current press release on mortgage volume was its summary of performance over the last two weeks. MBA reported a net drop ... MBS MID-DAY: Multifaceted Rally Brings Bonds Back Into The Green MBS Day Ahead: Very Busy Day, Focused on Yellen and Greece Latest Video Rate hike timing decided meeting by meeting: Yellen Violent protests in Greece No rate hike if recession would result: Yellen More News from 'Around the Web' CNBC - 5:21PM Real estate boom not over, expert says at 'Alpha' Calculated Risk Blog - 5:20PM Commercial Real Estate prices increased in May www.freddiemac.com - 5:16PM Freddie Mac Guideline Updates (financed properties, NOO Income, and more) WSJ - 3:48PM Fed's Williams: Repeats View Rates Will Likely Rise This Year Bloomberg - 3:47PM It's Going to Be a Long, Slow Trip Higher for U.S. Interest Rates WSJ - 12:41PM Fed Chairwoman Janet Yellen's Report to Congress — Live Analysis CNBC - 12:29PM Congressman screams at Yellen Bloomberg - 12:29PM Greek Parliament to Vote on Plan Market Watch - 11:30AM Bank giants battle to be No. 2 for mortgage-customer satisfaction CNBC - 9:41AM US producer prices rise for 2nd month rss.nytimes.com - 9:41AM I.M.F.'s Insistence on Greek Debt Relief Adds to Complexity of Talks Bloomberg - 9:37AM Treasuries Fall as Yellen Says Fed Set to Raise Rates This Year Reuters - 9:34AM BofA profit soars as expenses fall to lowest since 2008 CNBC - 9:34AM Ackman at Delivering Alpha: Most interesting investment is Fannie Mae, Freddie Mac Today's Rates Best Execution Rate Change 30 Yr FRM 4.09% -0.03 15 Yr FRM 3.27% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.86% -0.03 5/1 Yr ARM 3.06% -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 99.42 +0.25 30YR FNMA 3.5 102.84 +0.19 30YR GNMA 3.0 100.98 +0.22 30YR GNMA 3.5 103.81 +0.19 15YR FNMA 3.0 103.36 -0.13 15YR FNMA 2.5 101.00 -0.06 Treasuries Yield Change 2 YR 0.6330% -0.0080 5 YR 1.6315% -0.0264 10 YR 2.3575% -0.0417 30 YR 3.1434% -0.0516 Prices as of: 7/15/2015 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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