Daily Newsletter: Mortgage Rates Drop as Stocks Slide; Inventory Blamed for Home Sales Slip; Negative Refi Outlook?

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30 Year Fixed 3.94%   -0.03 15 Year Fixed 3.22%   -0.02 10YR Treasury 2.10%   -0.0691 FNMA 30YR 3.5 104.00   +0.17 FNMA 15YR 2.5 103.91   +0.09 View Today's Rates

Monday September 28, 2015 Mortgage Rate Watch - 5:23PM Mortgage Rates Back Near Recent Lows as Stocks Slide Mortgage rates moved noticeably lower today, getting the average lender back in line with some of last week's best levels. For most, that means conventional 30yr fixed rates of 3.875 ... MND NewsWire - 10:46AM Inventory Blamed as Pending Home Sales Slip The volume of pending home sales lessened a bit as summer wound down after strong numbers were posted in May and June and the July numbers, while smaller, remained in positive territory ... MND NewsWire - 9:30AM Prepayment Rate Paints Negative Outlook for Refis Prepayment rates continue to signal that the refinancing boom is over . Black Knight Financial Services said that the single month mortality (SMM) or prepayment rate fell 15 percent ... Pipeline Press - 9:27AM Upcoming Events; Ginnie/FHA Updates Impacting Primary/Secondary Markets For something relevant to real estate agents, LOs, and travelers, the U.S. Census Bureau has updated its World Population Clock to include country profiles with trade and population ... MBS MID-DAY: Bond Markets Happy About Stock Market Sadness MBS Week Ahead: Action-Packed With Econ Data, Fed Speakers, and NFP Finale Latest Video Demand worries crush commodities Fed's Evans: Later liftoff better August pending home sales miss More News from 'Around the Web' www.cfpbmonitor.com - 4:23PM Director Cordray to testify tomorrow before House Committee on Financial Services CNBC - 4:23PM The Fed speaks, and investors scratch their heads www.streetinsider.com - 2:39PM CFPB Takes Actions Against Fifth Third Bancorp (FITB) for Auto Loan Pricing, Illegal Credit Card Practices CNBC - 1:51PM Fed's Evans: Later rate hike better www.realtor.com - 1:49PM Will August's Home Sales Decrease Take a Toll on Prices? freddiemac.mwnewsroom.com - 1:48PM Freddie Mac Continues to Reduce Credit Risk With a New ACIS Insurance Policy for a Combined $132.5 Million Limit Calculated Risk Blog - 1:48PM Freddie Mac: Mortgage Serious Delinquency rate declined in August, Lowest since October 2008 CNBC - 12:08PM S&P 500 re-enters correction Bloomberg - 12:03PM Treasury 10-Year Notes Gain as Dudley Says Fed to Move Slowly CNBC - 10:10AM For some Americans, getting a loan may get easier CNBC - 10:06AM Pending home sales fell 1.4% in August CNBC - 9:40AM Dudley: Fed will likely raise this year CNBC - 9:34AM Where did the bond market bubble go? CNBC - 8:44AM Consumer spending rises in Aug; inflation firms Bloomberg - 8:32AM The Cities Where Millennials Are Taking Over the Housing Market Reuters - 12:34AM Boehner resignation cuts U.S. government shutdown risk Calculated Risk Blog - 12:33AM Monday: Personal Income and Outlays, Pending Home Sales Calculated Risk Blog - 12:25AM A few comments on Possible Government Shutdown Bloomberg - 12:25AM The More Yellen Talks Up Inflation, the Less Traders Believe Her Today's Rates Best Execution Rate Change 30 Yr FRM 3.94% -0.03 15 Yr FRM 3.22% -0.02 FHA 30 Year Fixed 3.65% -0.05 Jumbo 30 Year Fixed 3.76% -0.02 5/1 Yr ARM 3.01% -0.02 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% 0.45 +0.00 15 Yr. Fixed 3.31% 0.42 -0.02 30 Yr. Jumbo 3.99% 0.36 -0.05 30 Yr. FHA 3.88% 0.33 +0.00 5/1 ARM 2.95% 0.58 -0.09 Freddie Mac ** 30 Yr. Fixed 3.86% 0.70 -0.05 15 Yr. Fixed 3.08% 0.60 -0.03 1 Yr. ARM 2.53% 0.20 -0.03 5/1 Yr. ARM 2.91% 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 3.0 100.97 +0.30 30YR FNMA 3.5 104.00 +0.17 30YR GNMA 3.0 101.66 +0.23 30YR GNMA 3.5 104.31 +0.14 15YR FNMA 3.0 103.91 +0.09 15YR FNMA 2.5 101.66 +0.14 Treasuries Yield Change 2 YR 0.6762% -0.0234 5 YR 1.4221% -0.0554 10 YR 2.0967% -0.0691 30 YR 2.8773% -0.0831 Prices as of: 9/28/2015 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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