Daily Newsletter: FICOs at 4-Year Lows -Ellie; Mortgage Application Volatility; Rates Improve Cautiously

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30 Year Fixed 3.85%   -0.01 15 Year Fixed 3.11%   -0.01 10YR Treasury 2.03%   -0.0442 FNMA 30YR 3.5 104.50   +0.16 FNMA 15YR 2.5 104.41   +0.09 View Today's Rates

Wednesday October 21, 2015 MND NewsWire - 3:30PM FICO Score Dip to Four-Year Low -Ellie Mae It was only a small change, but a 1 percent decline in the average FICO scores for loans originated in September took that metric to its lowest level in at least four years. Ellie Mae ... MND NewsWire - 8:51AM Government Applications and TRID Drive Application Volatility The Mortgage Bankers Association (MBA) said that increases in applications for both FHA and VA mortgages were behind a jump in its Market Composite Index during the week ended October ... Mortgage Rate Watch - 4:02PM Mortgage Rates Improve Cautiously Mortgage rates bounced back to some extent today, after yesterday's bigger move higher. The bond markets that underlie mortgage rates actually made a near-full recovery, but lenders ... Pipeline Press - 10:49AM The Continued Cost of Compliance and Its Impact on Borrowers As the San Diego MBA conference wraps up, one is reminded that many lenders are having fine years and some can't believe their good fortune. Others might say that the tone is "cautiously ... MBS MID-DAY: Following European Bond Markets Back Toward Lower Rates MBS Day Ahead: Limited Data, Consolidation Urges, and Questions About Oil Latest Video Mortgage melodrama Are low interest rates enough? Soaring demand for rentals More News from 'Around the Web' CNBC - 4:17PM BlackRock: Bring on the rate hikes www.gallup.com - 4:16PM U.S. Consumers' Holiday Spending Intentions Best Since 2007 www.realtor.com - 4:15PM CFPB Admits Loan Disclosure Rules Rollout Hasn't Been Smooth Reuters - 2:57PM Goldman adding data scientists, marketers in consumer lending push Bloomberg - 1:06PM Deutsche Bank: Central Bank Interest Rates Haven't Reached 'Absolute Zero' Yet CNBC - 1:06PM US headed for negative interest rates? www.freddiemac.com - 1:05PM Freddie Mac's Plans for the Future Market Watch - 10:56AM Bond Report: Treasury yields fall amid global central bank stimulus expectations Calculated Risk Blog - 10:55AM AIA: Strong Rebound for Architecture Billings Index in September webfeeds.brookings.edu - 10:21AM Fed communication: Clarity or confusion? CNBC - 10:18AM Economy in 'vicious cycle': Summers Calculated Risk Blog - 8:26AM MBA: Mortgage Applications Increase in Latest Weekly Survey, Purchase Applications up 9% YoY Bloomberg - 8:20AM It's Better for Millennials to Buy Than Rentâ€"For Now Today's Comments Pipeline Press - 1:52PM "Great to know that "behavioral economists" are now helping guide CFPB. I was afraid they might do something totally crazy like ask loan officers, underwriters, or title closers to give their input on what borrowers do/don't comprehend!..." Today's Rates Best Execution Rate Change 30 Yr FRM 3.85% -0.01 15 Yr FRM 3.11% -0.01 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.65% +0.02 5/1 Yr ARM 2.95% +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 4.08% 0.45 -0.01 15 Yr. Fixed 3.29% 0.41 -0.02 30 Yr. Jumbo 3.96% 0.35 -0.03 30 Yr. FHA 3.87% 0.34 -0.01 5/1 ARM 2.95% 0.41 +0.00 Freddie Mac ** 30 Yr. Fixed 3.82% 0.60 +0.06 15 Yr. Fixed 3.03% 0.60 +0.04 1 Yr. ARM 2.54% 0.20 -0.01 5/1 Yr. ARM 2.88% 0.40 +0.00 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 3.0 101.63 +0.20 30YR FNMA 3.5 104.50 +0.16 30YR GNMA 3.0 102.25 +0.13 30YR GNMA 3.5 104.81 +0.14 15YR FNMA 3.0 104.41 +0.09 15YR FNMA 2.5 102.34 +0.13 Treasuries Yield Change 2 YR 0.6250% -0.0081 5 YR 1.3569% -0.0345 10 YR 2.0263% -0.0442 30 YR 2.8663% -0.0503 Prices as of: 10/21/2015 4:30PM 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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