Daily Newsletter: Rising Rates Provide Opportunity; Big June Home Sales Bring CA Closer to Normalcy

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30 Year Fixed 4.00%   +0.02 15 Year Fixed 3.24%   +0.01 10YR Treasury 2.23%   +0.0646 FNMA 30YR 3.5 103.55   -0.17 FNMA 15YR 2.5 103.53   -0.16 View Today's Rates

Monday August 10, 2015 Mortgage Rate Watch - 5:39PM Gentle Rise in Rates Provides Opportunity Mortgage rates moved slightly higher today, erasing the modest improvements seen on Friday. There wasn't much movement in the secondary mortgage market (which drives rate sheet changes ... MND NewsWire - 4:33PM Outstanding June Sales nudge California Closer to Normalcy The drought and raging wildfires appear not to be dampening the enthusiasm of people who wish to live in California. CoreLogic reports that the state had the highest number of home ... MBS Commentary - 1:08PM MBS MID-DAY: Luck Runs Out for Bonds, but MBS Outperform Today has been all about yield curve steepening . That means that longer-lasting bonds have been doing worse than shorter term bonds. For instance, 10yr yields are up 6.4bps while 2yr ... MBS Commentary - 8:21AM MBS Week Ahead: After Nice Winning Streak, Time for a Pull-Back? There's no question that things have been going well for bond markets recently--at least for the parts of the bond markets that we care about. The longer end of the yield curve and ... Non-Performing Loan Purchaser, Training & Events; Product and Underwriting Changes Housing Attitudes Reverse Course in Fannie Mae Survey Latest Video Dollar in peaking mode: Paulsen Warren Buffett: It's tough to push rates higher September rate hike on track More News from 'Around the Web' CNN - 4:49PM 5 things that could stop the Fed from a rate hike www.realtor.com - 2:46PM There's a Teacher Shortage Looming—Is Real Estate to Blame? CNBC - 2:46PM Lockhart: Fed 'close' to hiking rates WSJ - 2:45PM Why Risky Borrowers Still Aren't Getting Mortgages Calculated Risk Blog - 11:21AM Residential Property Values increased 5.7% year-over-year in June Bloomberg - 11:21AM Greenspan: Be Afraid of Pending Bubble in Bond Market Reuters - 9:52AM U.S. inflation temporarily 'very low,' says Fed's Fischer Calculated Risk Blog - 9:43AM Las Vegas Real Estate in July: Sales Increased 15% YoY CNBC - 7:44AM The 'new maestro' will hike in September: Strategist www.realtor.com - 7:44AM Top 10 Cities With the Smallest—and Largest—Homes Bloomberg - 7:42AM Japanese Dump Most Treasuries in Two Years as Fed Liftoff Looms Market Watch - 7:37AM After earning billions in profits, Fannie, Freddie reform further than ever Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% +0.02 15 Yr FRM 3.24% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.79% +0.02 5/1 Yr ARM 3.01% +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% 0.34 +0.00 15 Yr. Fixed 3.43% 0.34 +0.00 30 Yr. Jumbo 4.16% 0.33 -0.04 30 Yr. FHA 4.00% 0.17 -0.02 5/1 ARM 3.08% 0.41 -0.05 Freddie Mac ** 30 Yr. Fixed 3.91% 0.60 -0.07 15 Yr. Fixed 3.13% 0.60 -0.04 1 Yr. ARM 2.54% 0.30 +0.02 5/1 Yr. ARM 2.95% 0.40 +0.00 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 3.0 100.33 -0.27 30YR FNMA 3.5 103.55 -0.17 30YR GNMA 3.0 101.33 -0.31 30YR GNMA 3.5 104.14 -0.14 15YR FNMA 3.0 103.53 -0.16 15YR FNMA 2.5 101.22 -0.17 Treasuries Yield Change 2 YR 0.7290% +0.0081 5 YR 1.6151% +0.0410 10 YR 2.2323% +0.0646 30 YR 2.8983% +0.0739 Prices as of: 8/10/2015 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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