Daily Newsletter: Mortgage Rates Pull Back as Overseas Drama Subsides; New Home Applications Dip; Distressed Loans at 2007 Levels

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30 Year Fixed 3.99%   +0.03 15 Year Fixed 3.23%   +0.02 10YR Treasury 2.19%   +0.0427 FNMA 30YR 3.5 103.47   -0.28 FNMA 15YR 2.5 103.70   -0.17 View Today's Rates

Thursday August 13, 2015 Mortgage Rate Watch - 5:07PM Mortgage Rates Pull Back as Overseas Drama Subsides Mortgage rates continued higher today as the recent volatility in global markets subsided. Treasury yields and mortgage rates both benefited from the uncertainty caused by Tuesday's ... MND NewsWire - 10:04AM Mortgage Applications Indicate July Dip in New Home Sales Applications for the purchase of newly constructed homes fell off slightly in July, a decline that the Mortgage Bankers Association (MBA) said was in line with the slowdown observed ... MND NewsWire - 6:51PM Distressed Loans back to 2007 Level The Mortgage Bankers Associations National Delinquency Survey provides another measure of the declining rate of distress in residential mortgages. The second quarter report shows the ... Pipeline Press - 10:01AM Disparate Impact White Paper; Credit Union Market Share is How High? "Texas alone accounts for 15% of all new single family homes built in the United States." I find this factoid interesting on a number of levels, and can see why Wells Fargo included ... MBS MID-DAY: No More Gains For Bonds as Yuan Exits Free-Fall Pattern MBS Day Ahead: Return of Data and an Important Distinction on Yuan Drama Latest Video Fed may have to go back to 0: Pro Boston real estate US weekly jobless claims total 274,000 More News from 'Around the Web' CNBC - 6:05PM 8 banks agree to pay $2B to settle currency rigging suits: Reuters Bloomberg - 5:51PM Lone Star Deal Marks Return of Risky-Mortgage Bonds in the U.S. CNN - 4:47PM Oil falls to new six-year low Bloomberg - 1:09PM U.S. Households Barely Lifted Borrowing in Q2, New York Fed Says Market Watch - 1:09PM China isn't the cause of the correction, the Fed is WSJ - 1:09PM Renters Spent a Record-High Share of Income on Rent This Spring CNBC - 11:02AM Boston's long housing freeze melts Calculated Risk Blog - 11:01AM MBA: Mortgage Delinquency and Foreclosure Rates Decrease in Q2 WSJ - 11:01AM As Home Prices Rise, the Foreclosure Crisis Continues to Recede WSJ - 10:25AM WSJ Survey: Oil and Inflation Are Stubborn Disappointments freddiemac.mwnewsroom.com - 10:25AM Fixed Mortgage Rates Reverse Course, Move Higher PR Newswire - 9:43AM BB&T expands focus on real estate sector www.builderonline.com - 9:37AM Blackstone Mortgage Venture Set to Become Largest Nonbank Lender? Bloomberg - 9:14AM Greek Economy Surprises With 0.8% GDP Surge in 2Q CNBC - 9:14AM US import prices fall on oil, dollar Bloomberg - 9:13AM Why Investors Need to Calm Down Over Fed Policy Reuters - 9:05AM U.S. retail sales rise solidly, boosted by automobiles WSJ - 9:04AM China Fires the First Shot in a Currency War Bloomberg - 12:52AM Deflation Ice Age Looms After Yuan Move, Albert Edwards Says Calculated Risk Blog - 12:48AM Thursday: Retail Sales, Unemployment Claims, NY Fed Q2 Household Debt and Credit Report Today's Rates Best Execution Rate Change 30 Yr FRM 3.99% +0.03 15 Yr FRM 3.23% +0.02 FHA 30 Year Fixed 3.75% +0.10 Jumbo 30 Year Fixed 3.78% +0.03 5/1 Yr ARM 2.97% -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 3.0 100.28 -0.28 30YR FNMA 3.5 103.47 -0.28 30YR GNMA 3.0 101.47 -0.27 30YR GNMA 3.5 104.22 -0.23 15YR FNMA 3.0 103.70 -0.17 15YR FNMA 2.5 101.42 -0.17 Treasuries Yield Change 2 YR 0.7094% +0.0443 5 YR 1.5757% +0.0557 10 YR 2.1907% +0.0427 30 YR 2.8604% +0.0238 Prices as of: 8/13/2015 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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