Daily Newsletter: Rates Slowly Approach July Lows; Sales and Value Drive Remodel Demand; Multi-Family Surge, SFR Flop

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30 Year Fixed 4.07%   -0.01 15 Year Fixed 3.25%   -0.01 10YR Treasury 2.35%   -0.0089 FNMA 30YR 3.5 103.00   +0.11 FNMA 15YR 2.5 103.42   +0.03 View Today's Rates

Friday July 17, 2015 Mortgage Rate Watch - 5:40PM Mortgage Rates Slowly Approach July Lows Mortgage rates continued the recent trend of very small improvements today. Most lenders are essentially unchanged, and while a few rate sheets were higher than yesterday's, they were ... MND NewsWire - 2:52PM Growing Home Sales Expected to Fuel Remodeling Home remodeling is expected to soon kick back into gear . LIRA, the Leading Indicator of Remodeling Activity produced by the Joint Center for Housing Studies at Harvard University is ... MND NewsWire - 10:24AM Multi-Family Housing Starts up 28.5%, Single Family Starts Fall 0.9% The two leading indicators among measures of residential construction activity, building permits and housing starts, posted healthy gains in June the Census Bureau and Department of ... MND NewsWire - 2:50PM Foreclosures Plummeting Overall, but Some States Spiking The first half of 2015 saw foreclosure activity continue to decline. RealtyTrac's Midyear U.S. Foreclosure Market Report shows that 597,589 properties received some type of foreclosure ... MBS RECAP: Ridiculously Flat and Slightly Positive Overall Cash Sales Remain 25 percent above "Normal" MBS MID-DAY: Holding Modest Gains in Uneventful Trading Bank Branch Numbers, Income, and M&A; Builder Trends Definitely Point Higher; Upcoming Events MBS Day Ahead: One More Way to See It's Not About Greece Latest Video Time to move out? Where will millennials buy Santelli Exchange: When will the Fed raise rates?! Housing starts rebound More News from 'Around the Web' Calculated Risk Blog - 5:12PM Comments on June Housing Starts Reuters - 5:10PM Wells Fargo wins dismissal of Los Angeles predatory lending lawsuit Bloomberg - 5:10PM Freddie Mac Said to Plan New Type of Mortgage Risk-Transfer Debt CNBC - 5:10PM Bernanke criticizes euro zone's failures CNBC - 2:26PM Why Fed really wants to raise rates CNBC - 2:26PM Real U.S wages are going DOWN Market Watch - 2:09PM It's too early for the housing market to break out the bubbly CNBC - 12:27PM Which financial companies get the most complaints? CNBC - 12:22PM Homebuilders take a 'beating' from lack of labor Bloomberg - 12:21PM Draghi Said to Surprise ECB Governors With Bid to Ease Greek Aid Washington Post - 12:20PM Why millennials shouldn't rush into homeownership CNBC - 10:28AM US consumer sentiment misses estimates Bloomberg - 9:15AM Shadow Lenders Are Pushing Into Risky Real Estate Deals WSJ - 9:05AM What We Learned From Yellen: Fed is Dug in on Raising Rates in 2015 CNBC - 9:04AM US housing starts surge 9.8% in June Bloomberg - 8:47AM No More Distractions for Treasuries as Fed Focus Flattens Curve Today's Rates Best Execution Rate Change 30 Yr FRM 4.07% -0.01 15 Yr FRM 3.25% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.84% -0.01 5/1 Yr ARM 3.07% -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 99.59 +0.13 30YR FNMA 3.5 103.00 +0.11 30YR GNMA 3.0 100.84 -0.17 30YR GNMA 3.5 103.72 -0.17 15YR FNMA 3.0 103.42 +0.03 15YR FNMA 2.5 101.05 +0.06 Treasuries Yield Change 2 YR 0.6695% +0.0082 5 YR 1.6712% +0.0149 10 YR 2.3487% -0.0089 30 YR 3.0852% -0.0311 Prices as of: 7/17/2015 4:51PM 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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