Daily Newsletter: Cash Sales Continue Retreat; Housing Starts at 8 Year High; Rates Rise Ahead of Fed

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30 Year Fixed 4.01%   +0.02 15 Year Fixed 3.25%   +0.02 10YR Treasury 2.20%   +0.0266 FNMA 30YR 3.5 103.42   -0.03 FNMA 15YR 2.5 103.52   0.00 View Today's Rates

Tuesday August 18, 2015 MND NewsWire - 10:53AM Cash Sales Continue Year-over-Year Retreat The level of cash sales remains high in several states, mostly those also still experiencing a high level of foreclosures . CoreLogic said on Tuesday however that on a national basis ... MND NewsWire - 10:48AM Housing Starts near 8 Year High While Multi-Fam Skews Permits Permits for residential construction fell sharply in July, down 16.3 percent from June while remaining 7.5 percent above the level of one year earlier. The U.S. Census Bureau and Department ... Mortgage Rate Watch - 5:34PM Mortgage Rates Slightly Higher Ahead of Fed Minutes Mortgage rates moved back up today, but continue holding well-inside last week's range. "Movement" is a relative term these days considering it's usually in reference to the closing ... MBS Commentary - 7:33AM MBS Day Ahead: Rate Rally Keeps Knocking, but is Anyone Home? It's a very interesting time for interest rates in the US. Once again, what had been broad consensus on the long-term direction of rates is turning out to look like something less than ... MBS RECAP: Bonds Continue Pre-FOMC Consolidation With Modest Weakness MBS MID-DAY: Bouncing Back From Data-Driven Weakness NAR & RESPA Violations; BB&T Acquisition; FHA Handbook Training; Jumbo Market Alive and Well? Latest Video Apartment building boom Santelli Exchange: Treasurys - As 'rare' as diamonds Housing by the numbers More News from 'Around the Web' Reuters - 4:07PM Wells Fargo adding car loan branches to boost less risky lending CNBC - 4:05PM Gundlach: Rate hike is a 'bad idea' Bloomberg - 4:05PM Bond Traders Aren't Buying Into Good News on the U.S. Economy Reuters - 4:05PM JPMorgan may settle with SEC on investment-steering case: WSJ Bloomberg - 2:16PM Homebuilders Cast Aside Legacy of U.S. Housing Market Collapse Washington Post - 2:16PM Are home prices rising too quickly for millennials? Reuters - 12:42PM U.S. economy on track to grow 1.3 percent in third quarter: Atlanta Fed Washington Post - 12:35PM Where Americans go to work when they don't work near home CNBC - 12:26PM Where apt. construction is hottest CNBC - 11:08AM Million dollar homes: Vacation house edition Bloomberg - 9:18AM Blackstone Bides Time for Home-Rental REIT as Stocks Sag CNBC - 9:13AM Bove: Dodd-Frank was a disaster Reuters - 9:09AM German lawmakers debate Greek bailout, Merkel faces rebellion CNBC - 9:07AM Record-high rents for millennials www.gallup.com - 9:07AM U.S. Economic Confidence Index Stable at -11 Bloomberg - 9:07AM Home Depot Raises Profit Forecast as Housing Market Lifts Sales Reuters - 9:05AM Housing starts approach eight-year high in July Reuters - 9:05AM 'Flash' events hurt market liquidity for days: N.Y. Fed blog CNBC - 12:20AM Home Depot, Wal-Mart data may wake up Aug. market Today's Rates Best Execution Rate Change 30 Yr FRM 4.01% +0.02 15 Yr FRM 3.25% +0.02 FHA 30 Year Fixed 3.70% +0.05 Jumbo 30 Year Fixed 3.80% +0.02 5/1 Yr ARM 3.00% +0.02 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 4.13% 0.31 +0.00 15 Yr. Fixed 3.39% 0.38 +0.03 30 Yr. Jumbo 4.08% 0.34 +0.00 30 Yr. FHA 3.94% 0.22 -0.02 5/1 ARM 3.11% 0.32 +0.09 Freddie Mac ** 30 Yr. Fixed 3.94% 0.60 +0.03 15 Yr. Fixed 3.17% 0.60 +0.04 1 Yr. ARM 2.62% 0.30 +0.08 5/1 Yr. ARM 2.93% 0.50 -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 3.0 100.23 -0.06 30YR FNMA 3.5 103.42 -0.03 30YR GNMA 3.0 101.33 -0.09 30YR GNMA 3.5 104.02 -0.03 15YR FNMA 3.0 103.52 0.00 15YR FNMA 2.5 101.17 -0.09 Treasuries Yield Change 2 YR 0.7221% +0.0123 5 YR 1.5821% +0.0148 10 YR 2.1961% +0.0266 30 YR 2.8594% +0.0395 Prices as of: 8/18/2015 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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