Daily Newsletter: Fed Unintentionally Proves Everyone Wrong; Rates Sharply Lower; Freddie Guideline Updates; Lenders Upbeat on Credit Access

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30 Year Fixed 3.98%   -0.07 15 Year Fixed 3.24%   -0.03 10YR Treasury 2.20%   -0.1020 FNMA 30YR 3.5 103.89   +0.66 FNMA 15YR 2.5 103.97   +0.50 View Today's Rates

Thursday September 17, 2015 MBS Commentary - 5:50PM MBS RECAP: Fed Does Only Thing it Can to Prove Everyone Wrong Some folks thought the Fed would hike today and others were pretty sure they wouldn't. The hike camp was the minority according to most surveys and to Fed Funds Futures, but clearly ... Mortgage Rate Watch - 5:07PM Mortgage Rates Drop Sharply After Fed Announcement Mortgage rates came roaring back today after the Fed held steady at record-low policy rates. While the Fed Funds Rate doesn't directly dictate mortgage rates, the two tend to correlate ... MND NewsWire - 10:40AM Freddie Mac Out With Another Round of Guideline Updates Freddie Mae has unveiled another round of changes to its Single-Family Seller/Servicer Guide. There are more than a half dozen changes effecting mortgages for refinancing, condominiums ... MND NewsWire - 10:35AM Lenders Give Upbeat Assessment of Credit Access More lenders are seeing an easing of mortgage lending standards Fannie Mae said today. In its third quarter Mortgage Lender Sentiment Survey indicators of loosening standards jumped ... Building Permits Continue Higher; Housing Starts Ebb Cybercrime Continues to Hit Lenders; TRID Training; Lender Buys Bank; How to Sell a House Fast MBS Day Ahead: Big Move This Afternoon, Either Way Latest Video Interest rates tick lower on Fed decision Envision further improvement in housing: Yellen Fed now UN central bank: Santelli More News from 'Around the Web' CNBC - 4:49PM Pisani: Did the Fed just make a third mandate? rss.nytimes.com - 4:49PM Fed's Hesitance, Not Its Decision, Surprises Economists www.realtor.com - 4:47PM Real Estate Agents' Ad Pushes Working Moms' Buttons CNBC - 4:47PM The Fed's real inflation problem CNBC - 3:15PM Market moves bets on hike to 2016 after Fed holds off Federal Reserve - 2:22PM Federal Reserve Board and Federal Open Market Committee release economic projections from the September 16-17 FOMC meeting CNBC - 2:20PM Take a look at the new Fed dot plot rss.nytimes.com - 2:20PM Fed Leaves Interest Rates Unchanged Calculated Risk Blog - 2:20PM FOMC Projections and Press Conference Calculated Risk Blog - 12:28PM Comments on August Housing Starts CNBC - 12:27PM All eyes on the Federal Reserve: Live coverage CNBC - 10:45AM Philly Fed survey misses in September freddiemac.mwnewsroom.com - 10:45AM Mortgage Rates Calm Ahead of Federal Reserve Decision Bloomberg - 10:43AM Americans' Outlook for U.S. Economy Declines to Four-Month Low Market Watch - 8:38AM U.S. jobless claims fall 11,000 to 264,000, lowest since mid-July Bloomberg - 8:38AM In Bond-Market Irony, Inflation Is Lower Now Than When Fed Eased CNBC - 8:37AM US housing starts take a breather CNBC - 12:12AM Gundlach: Bonds look appealing Fannie Mae - 12:11AM Mortgage Credit Standards Are Easing - Fannie Today's Comments MND NewsWire - 4:24PM "Kind of interesting to read this today in the NAR weekly report in light of this article: where are owners getting this perception? Certainly ensures a lot of business for appraisers and AMCS. Owners Overvalue Homes by Larger Margin For the seventh straight month, the gap has widened between what owners..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% -0.07 15 Yr FRM 3.24% -0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.79% -0.06 5/1 Yr ARM 2.97% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.49% 1.29 +0.13 30 Yr. Fixed 4.20% 1.45 +0.16 MBA ** 30 Yr. Fixed 4.09% 0.42 -0.01 15 Yr. Fixed 3.33% 0.26 -0.01 30 Yr. Jumbo 4.04% 0.26 +0.01 30 Yr. FHA 3.88% 0.35 -0.02 5/1 ARM 3.04% 0.36 +0.01 Freddie Mac ** 30 Yr. Fixed 3.91% 0.60 +0.01 15 Yr. Fixed 3.11% 0.60 +0.01 1 Yr. ARM 2.56% 0.20 -0.07 5/1 Yr. ARM 2.92% 0.50 +0.01 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 3.0 100.70 +0.69 30YR FNMA 3.5 103.89 +0.66 30YR GNMA 3.0 101.83 +0.78 30YR GNMA 3.5 104.45 +0.66 15YR FNMA 3.0 103.97 +0.50 15YR FNMA 2.5 101.70 +0.55 Treasuries Yield Change 2 YR 0.6856% -0.1292 5 YR 1.4817% -0.1321 10 YR 2.1974% -0.1020 30 YR 3.0119% -0.0761 Prices as of: 9/17/2015 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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