Daily Newsletter: Rates Improve After Weak Retail Sales; Mortgages Hurting Chase/Wells' Profits; Foreclosure Inventory Drying Up

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30 Year Fixed 4.12%   -0.03 15 Year Fixed 3.30%   -0.02 10YR Treasury 2.40%   -0.0418 FNMA 30YR 3.5 102.66   +0.31 FNMA 15YR 2.5 103.48   +0.19 View Today's Rates

Tuesday July 14, 2015 Mortgage Rate Watch - 4:01PM Mortgage Rates Improve After Weak Economic Data Mortgage rates took a break from reacting to headlines coming out of Europe and focused instead on domestic economic data. That turned out to be helpful today as Retail Sales came in ... MND NewsWire - 3:52PM Mortgage Profit Slide Hurts JPM, Wells' Earnings A decline in mortgage refinancing was blamed in part for the second consecutive decline in quarterly profits posted by Wells Fargo & Co. The biggest U.S. home lender reported second ... MND NewsWire - 10:31AM Foreclosure Inventory Rapidly Disappearing More than a quarter of the national foreclosure inventory that existed in May 2014 had been absorbed by May of this year and completed foreclosures saw only slightly less improvement ... MBS Commentary - 7:33AM MBS Day Ahead: It's a Great Time to Talk About Last October's Flash Crash and Greece Hindsight is 20/20, but only for those with both eyes open. Unfortunately and comically, Treasury, The SEC, The Fed, and The CFTC still aren't looking at the big picture when it comes ... MBS MID-DAY: Holding Gains After Weaker Retail Sales Data Update on MSAs; TRID for Realtors; Avalanche of Freddie & Fannie updates Latest Video Dodd-Frank rulemaking Why Fed should not raise rates now: Austan Goolsbee Retail sales slump? Can't blame it on the weather: Santelli More News from 'Around the Web' webfeeds.brookings.edu - 4:15PM Are new homes special? CNBC - 4:15PM Foreigners big in NY office leasing Boston Fed - 2:28PM Boston Fed President Discusses Economic Uncertainty and its Implications for Monetary Policy WSJ - 2:27PM 5 Things to Watch in Janet Yellen's Congressional Testimony Bloomberg - 12:47PM Schaeuble Says Some in German Government Would Prefer Greek Exit Market Watch - 12:43PM Nation's top two mortgage lenders see big jump in originations Bloomberg - 11:36AM Here's Where Americans Have Spent Their Gas Savings Over the Past Year WSJ - 10:35AM The IMF May Twist Itself Again to Help Keep Greece Afloat Bloomberg - 10:34AM Luxury-Home Lottos Reconsidered in Boston Housing Squeeze CNBC - 10:34AM US business inventories up modestly CNBC - 9:26AM Who was the boss in the Greek talks? CNBC - 8:39AM US retail sales surprise in June CNBC - 8:37AM JPMorgan earnings beat on lower expenses, but... www.cfpbmonitor.com - 8:37AM Trade groups comment on CFPB final arbitration study results www.gallup.com - 8:36AM Weekly U.S. Economic Confidence Index Steady at -11 CNN - 8:36AM Firefox blocks Flash, and Facebook calls for its death Reuters - 8:36AM Wells Fargo profit falls on higher expenses, loan-loss reserves Reuters - 8:35AM Exclusive: Greece needs debt relief far beyond EU plans - Secret IMF report Today's Rates Best Execution Rate Change 30 Yr FRM 4.12% -0.03 15 Yr FRM 3.30% -0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.89% -0.04 5/1 Yr ARM 3.07% -0.03 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 99.17 +0.31 30YR FNMA 3.5 102.66 +0.31 30YR GNMA 3.0 100.77 +0.36 30YR GNMA 3.5 103.63 +0.34 15YR FNMA 3.0 103.48 +0.19 15YR FNMA 2.5 101.06 +0.23 Treasuries Yield Change 2 YR 0.6410% -0.0362 5 YR 1.6579% -0.0528 10 YR 2.3992% -0.0418 30 YR 3.1950% -0.0260 Prices as of: 7/14/2015 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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