Daily Newsletter: Rates Rise Ahead of Jobs Report; Big Fannie Underwriting Changes; Greece's Red Herring; GSE Lawsuit Update

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30 Year Fixed 4.16%   +0.04 15 Year Fixed 3.31%   +0.03 10YR Treasury 2.43%   +0.0778 FNMA 30YR 3.5 102.38   -0.50 FNMA 15YR 2.5 103.17   -0.28 View Today's Rates

Wednesday July 1, 2015 Mortgage Rate Watch - 5:39PM Mortgage Rates Rise Ahead of Big Jobs Report Mortgage rates gave up recently-enjoyed gains today. This brings them to the week's highest levels (and the 3rd highest in 2015) a day before the all-important Employment Situation ... MND NewsWire - 4:07PM Several Significant Income-Related Underwriting Changes from Fannie Highlights from the most recent update to Fannie's Selling Guide: Conversion of Principal Residence Requirements At the height of the financial crisis Fannie Mae required lenders to ... MBS Commentary - 11:52AM MBS MID-DAY: Bond Markets Much Weaker Overnight; Greece Exporting Red Herring Greece's chief export these days is red herring . More of them hit the market overnight as Tsipras allegedly sent a letter saying he agreed to almost all of the conditions from EU creditors ... MND NewsWire - 10:26AM New Suit "Injects Vigor" into GSE Conservatorship Challenges An unsigned article in the National Law Review takes another look at the Federal Housing Finance Agency (FHFA)/Treasury Department handling of the conservatorship of Fannie Mae and ... Construction Spending maintains new $1 trillion Plus Pace Investor Updates on Disaster Policies; LLPA Changes; Western Secondary Conference G-Fees Up to 58bps in 2014; Small Lenders Benefit Same Old Story - Rates up, Applications down MBS Day Ahead: New Month, Same Risks, Same Opportunities Latest Video Santelli: 30-year nears high Higher rates hit home Santelli: 10-year creeps higher More News from 'Around the Web' Bloomberg - 3:43PM Mayor of Athens Completely Disagrees with Tsipras about Referendum Bloomberg - 3:38PM Tsipras' Propaganda Video to Greek People (Translated) Calculated Risk Blog - 3:36PM Office Vacancy Rate unchanged in Q2 to 16.6% www.gallup.com - 3:35PM U.S. Job Creation Index Holds in June at Record High of +32 Bloomberg - 3:34PM Merkel-Tsipras Sparring Leaves Greece in Limbo Until Sunday Vote Market Watch - 3:32PM ECB leaves emergency lending program for Greek banks unchanged: reports WSJ - 3:32PM 5 Things to Watch in the June Jobs Report SIFMA - 3:03PM The US Private Label Mortgage-Backed Securities Market in 2015 WSJ - 1:49PM U.S. Construction Spending Hits New Postrecession High CNBC - 1:48PM Huge CEO bonuses at Fannie Mae CNBC - 11:23AM Fed's Brainard: Looking at bond market liquidity CNBC - 11:20AM US housing stages 'lopsided' recovery Calculated Risk Blog - 11:20AM Construction Spending increased 0.8% in May CNBC - 11:20AM ISM manufacturing index hits 53.5 in June; Construction spending up 0.8% in May Reuters - 9:00AM JPMorgan builds up apartment-loan leader from WaMu rubble Bloomberg - 8:43AM Treasuries Decline as Greece Moves Closer to Accepting Bailout CNBC - 8:39AM Surprise! Puerto Rico Wasn't a Thing, After All Reuters - 8:38AM U.S. private sector adds 237,000 jobs in June: ADP Bloomberg - 8:36AM BofA, Citigroup to Fund Affordable Housing in N.Y. Settlements CNBC - 8:34AM Highest rates in 9 months hits mortgage applications Today's Rates Best Execution Rate Change 30 Yr FRM 4.16% +0.04 15 Yr FRM 3.31% +0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.95% +0.03 5/1 Yr ARM 3.13% +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 4.19% 0.38 -0.03 15 Yr. Fixed 3.38% 0.37 -0.05 30 Yr. Jumbo 4.14% 0.35 -0.04 30 Yr. FHA 3.96% 0.14 -0.04 5/1 ARM 3.04% 0.46 -0.11 Freddie Mac ** 30 Yr. Fixed 4.02% 0.70 +0.02 15 Yr. Fixed 3.21% 0.60 -0.02 1 Yr. ARM 2.50% 0.30 -0.03 5/1 Yr. ARM 2.98% 0.40 -0.02 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 98.84 -0.56 30YR FNMA 3.5 102.38 -0.50 30YR GNMA 3.0 100.28 -0.52 30YR GNMA 3.5 103.13 -0.45 15YR FNMA 3.0 103.17 -0.28 15YR FNMA 2.5 100.75 -0.30 Treasuries Yield Change 2 YR 0.6922% +0.0475 5 YR 1.7102% +0.0689 10 YR 2.4273% +0.0778 30 YR 3.2074% +0.0879 Prices as of: 7/1/2015 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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