Daily Newsletter: New Home Sales Surge to 7-Year High; Mortgage Rates Start Strong but Fade in Afternoon

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30 Year Fixed 3.95%   +0.00 15 Year Fixed 3.21%   +0.00 10YR Treasury 2.13%   -0.0248 FNMA 30YR 3.5 103.95   +0.03 FNMA 15YR 2.5 103.91   +0.02 View Today's Rates

Thursday September 24, 2015 Mortgage Rate Watch - 4:47PM Mortgage Rates Start Strong but Fade in Afternoon Mortgage rates ended the day roughly in line with yesterday's latest levels on average. Rates were lower earlier this morning as bond markets got off to a strong start and stayed strong ... MND NewsWire - 11:00AM New Home Sales Surge to 7-Year High, but Context Remains Important Sales of newly constructed single-family houses, unlike their existing home counterparts, continued to rise in August. While existing home sales overall fell by 4.8 percent in August ... MND NewsWire - 10:48AM Global Instability Potentially Helping Home Sales Home sales, including both single family and condominiums, are on track to reach an eight year high this year according to RealtyTrac's August U.S. Home Sales Report. This record-setting ... Pipeline Press - 10:41AM New Lender Products; Oakland Sues Wells Fargo, PNC Closed How Many Branches? Just what our industry needs: another reminder for the public to think about the problems we had in the past. This time it is a Christmas-time movie based on Michael Lewis' book, "The ... MBS MID-DAY: Stronger Territory, but Under Pressure Ahead of Auction MBS Day Ahead: Chock Full of Data, Bond Issuance Finales, and Fed Latest Video Santelli Exchange: If the Fed raised rates... Santelli: Deconstruction of the markets New home sales surge More News from 'Around the Web' CNBC - 5:12PM Yellen: Rate hike likely appropriate this year freddiemac.mwnewsroom.com - 5:11PM Freddie Mac Issues Monthly Volume Summary for August 2015 Calculated Risk Blog - 5:11PM Yellen: Anticipates Raising Fed Funds Rate this Year Bloomberg - 3:37PM Treasury Trading Ducks Into the Shadows But Deserves Some Light www.cfpbmonitor.com - 11:59AM CFPB issues final rule expanding definition of "small creditor" and "rural areas" under TILA CNBC - 10:23AM US new home sales soar, top estimates Bloomberg - 9:57AM We Still Aren't Sure What Will Cause Janet Yellen to Pull the Trigger www.npr.org - 9:54AM Volkswagen 'Dieselgate' Fallout: Germany Tests Cars; New Report Sends BMW Shares Down Market Watch - 8:51AM U.S. jobless claims rise 3,000 to 267,000 Bloomberg - 12:15AM Dollar Near 6 1/2-Week High as Yellen May Clarify Liftoff CNBC - 12:15AM Yellen gets a do-over, but will she use it? Today's Rates Best Execution Rate Change 30 Yr FRM 3.95% +0.00 15 Yr FRM 3.21% +0.00 FHA 30 Year Fixed 3.65% +0.00 Jumbo 30 Year Fixed 3.76% +0.00 5/1 Yr ARM 3.00% +0.01 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 3.0 100.86 +0.06 30YR FNMA 3.5 103.95 +0.03 30YR GNMA 3.0 101.64 0.00 30YR GNMA 3.5 104.33 +0.03 15YR FNMA 3.0 103.91 +0.02 15YR FNMA 2.5 101.67 +0.03 Treasuries Yield Change 2 YR 0.6837% -0.0155 5 YR 1.4530% +0.0040 10 YR 2.1284% -0.0248 30 YR 2.9142% -0.0350 Prices as of: 9/24/2015 4:29PM 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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