Daily Newsletter: Rates Near Recent Highs; Distressed Sales Crack Single Digits; Seasonal Issues for New Home Apps

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30 Year Fixed 4.00%   +0.01 15 Year Fixed 3.26%   +0.01 10YR Treasury 2.23%   +0.0321 FNMA 30YR 3.5 103.75   -0.17 FNMA 15YR 2.5 103.80   -0.08 View Today's Rates

Thursday September 10, 2015 Mortgage Rate Watch - 4:21PM Mortgage Rates Holding Near Recent Highs Mortgage rates were not able to build on yesterday's modest improvements. Most lenders ended up back in line with their worst recent levels. Thankfully, that's not saying much considering ... MND NewsWire - 12:33PM Distressed Sales Share Cracks Into Single Digits While sales of lender owned real estate (REO) and short sales continue to account for around one-fifth of all home sales in at least five states the share of distressed home sales is ... MND NewsWire - 10:05AM Decline in New Home Mortgage Apps "Seasonally Driven" Applications for mortgages to purchase newly constructed homes dropped by 6 percent in August according to the Mortgage Bankers Association (MBA). The data, compiled from MBA's Builder ... Pipeline Press - 10:22AM Hot Housing Markets; Government Intervention - Does it Always Help Housing? For those who follow legal news, and those interested in not only "blowing the whistle" on other companies but also in "ratting out" co-workers and executives of your own company, ... MBS MID-DAY: Under Pressure Heading Into Treasury Auction MBS Day Ahead: Supply Drama Merely a Sideshow While we Wait Latest Video When will Fed raise rates!? New twist on rentals Government rates up since January More News from 'Around the Web' webfeeds.brookings.edu - 2:52PM Growing economic segregation among school districts and schools CNBC - 2:52PM Boom in new homes for rentals CNBC - 2:45PM Summer slowdown skips Seattle housing freddiemac.mwnewsroom.com - 2:35PM Freddie Mac Funds $1 Billion in Small Property Loans in Less Than a Year Calculated Risk Blog - 12:10PM FNC: Residential Property Values increased 5.5% year-over-year in July CNN - 11:14AM Rising home prices aren't all good news CNBC - 10:46AM Test your mortgage smarts freddiemac.mwnewsroom.com - 10:46AM Fixed Mortgage Rates Largely Unchanged webfeeds.brookings.edu - 10:46AM What the Fed Really Means When It Says Interest Rate Raises are Data Dependent Calculated Risk Blog - 8:50AM Weekly Initial Unemployment Claims decreased to 275,000 CNBC - 8:50AM US Import prices post big drop Bloomberg - 8:49AM Fisher: Fed Must Act Soon to Account for Lag Time CNBC - 8:48AM No Fed hike until 2017: Sri-Kumar CNBC - 8:48AM David Tepper: Global reserve drawdown causing market turbulence Bloomberg - 8:46AM Sue Your Bank, Keep Your Home, Repeat CNBC - 8:46AM Construction materials stocks surge Bloomberg - 8:36AM Hedge Funds' Sway Over Treasuries Grows as Wall Street Retreats Today's Rates Best Execution Rate Change 30 Yr FRM 4.00% +0.01 15 Yr FRM 3.26% +0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.82% +0.01 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 4.08% 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 3.0 100.53 -0.19 30YR FNMA 3.5 103.75 -0.17 30YR GNMA 3.0 101.34 -0.20 30YR GNMA 3.5 104.06 -0.17 15YR FNMA 3.0 103.80 -0.08 15YR FNMA 2.5 101.52 -0.11 Treasuries Yield Change 2 YR 0.7370% -0.0039 5 YR 1.5504% +0.0215 10 YR 2.2274% +0.0321 30 YR 2.9908% +0.0361 Prices as of: 9/10/2015 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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