Daily Newsletter: Have You Heard? Fed Announcement Could Be a Big Deal; Builder Confidence Still High; Ellie on Easing; Apps Falling

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30 Year Fixed 4.05%   +0.01 15 Year Fixed 3.27%   +0.00 10YR Treasury 2.30%   +0.0180 FNMA 30YR 3.5 103.23   0.00 FNMA 15YR 2.5 103.47   -0.25 View Today's Rates

Wednesday September 16, 2015 Mortgage Rate Watch - 3:50PM Mortgage Rates Face Big Potential Volatility Tomorrow Mortgage rates almost made it through the past two months without any major move higher (except those moves that were correcting the major moves lower following the China-inspired volatility ... MND NewsWire - 11:46AM Builder Confidence Trickles up to 10 Year High The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) ratcheted up another point this month continuing a steady rise in builder confidence in the new ... MND NewsWire - 3:35PM Ellie Mae Points to Microscopic Sign of Credit Easing It was only one point but the average FICO score on closed loans did decrease slightly in August to 724, the lowest average score since February 2014. That score was, in fact, lower ... MND NewsWire - 9:09AM Mortgage Apps Continue Brisk, Possibly Mysterious Downtrend The Mortgage Bankers Association (MBA) reported that, as usually occurs during a holiday week, mortgage applications declined significantly during the week ended September 11. The business ... MBS MID-DAY: Nothing Like Yesterday Trends in Credit Scores, Non-QM, And Subprime MBS Day Ahead: Abandon All Hope Latest Video CNBC Fed survey: Mixed outlook following rate hike Home buyers think about babies, not basis points: Economist Is zero rate party over? Santelli More News from 'Around the Web' freddiemac.mwnewsroom.com - 4:49PM Freddie Mac Sells $1.1 Billion of Seriously Delinquent Loans CNBC - 3:25PM Housing markets hit hardest by a rate hike www.realtor.com - 3:24PM Forget Mansions—Americans Are Drooling Over Cabins Reuters - 1:35PM Fed begins two-day meeting to decide on interest rate hike Bloomberg - 12:35PM How Might a Fed Rate Hike Impact US Housing Market? rss.nytimes.com - 12:33PM Great Stagnation: Why Americans Still Think the Economy Is Terrible CNBC - 10:56AM $100 million zombie homes may signal market top CNBC - 10:56AM 4 ways to tap your home for retirement Bloomberg - 10:56AM Homebuilder Confidence in U.S. Strengthens to Highest Since 2005 CNBC - 9:14AM 44% would change investments after a rate hike Reuters - 9:14AM U.S. consumer prices post first decline in seven months CNBC - 9:13AM Mortgage applications plunge 7% ahead of Fed decision Bloomberg - 9:13AM Goldman Warns Markets Unprepared for Fed as Treasuries Seesaw CNBC - 1:21AM Has the market rallied itself into a rate hike? Reuters - 1:18AM Volatility seen lingering no matter what the Fed does Reuters - 1:17AM Property toll from Northern California wildfire grows to 585 homes Calculated Risk Blog - 1:16AM Wednesday: CPI, Homebuilder Survey Today's Rates Best Execution Rate Change 30 Yr FRM 4.05% +0.01 15 Yr FRM 3.27% +0.00 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.85% +0.00 5/1 Yr ARM 3.00% +0.00 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 4.08% 0.37 +0.00 15 Yr. Fixed 3.30% 0.26 -0.03 30 Yr. Jumbo 4.05% 0.28 +0.05 30 Yr. FHA 3.87% 0.32 -0.03 5/1 ARM 3.05% 0.36 +0.09 Freddie Mac ** 30 Yr. Fixed 3.90% 0.60 +0.01 15 Yr. Fixed 3.10% 0.70 +0.01 1 Yr. ARM 2.63% 0.30 +0.01 5/1 Yr. ARM 2.91% 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 3.0 100.02 +0.08 30YR FNMA 3.5 103.23 0.00 30YR GNMA 3.0 101.05 +0.06 30YR GNMA 3.5 103.80 0.00 15YR FNMA 3.0 103.47 -0.25 15YR FNMA 2.5 101.16 -0.19 Treasuries Yield Change 2 YR 0.8148% +0.0083 5 YR 1.6138% +0.0067 10 YR 2.2994% +0.0180 30 YR 3.0880% +0.0256 Prices as of: 9/16/2015 4:32PM 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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