Daily Newsletter: Frequency and Impact of Appraisal Adjustments; Stevens Addresses MBA Conference; 10yr High For Builder Confidence

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30 Year Fixed 3.83%   +0.00 15 Year Fixed 3.10%   +0.00 10YR Treasury 2.02%   -0.0089 FNMA 30YR 3.5 104.52   +0.09 FNMA 15YR 2.5 104.41   +0.11 View Today's Rates

Monday October 19, 2015 MND NewsWire - 10:49AM Ranking Prevalence and Value Impact of Appraisal Adjustments In a recent post on its blog CoreLogic points out it is the rare appraiser who comes up with a perfect comp - i.e. a house of the same size and condition, close to the subject property ... MND NewsWire - 3:47PM Stevens Tells Members, Policymakers "Turn the Page" The three Republican and one Democrat candidates who unexpectedly lead in the polls are, David Stevens President of the Mortgage Bankers Association (MBA says, an example of an anti ... MND NewsWire - 10:44AM Builder Confidence Back to Pre-Crash Levels It is official, the slump in builder confidence is over. The National Association of Home Builders (NAHB) said today that ten years after it began its long and steep decline the NAHB ... Mortgage Rate Watch - 4:27PM Mortgage Rates Quietly Holding Near Lows It wouldn't have taken much for mortgage rates to outdo themselves in terms of volatility when compared to the past few business days. Last Thursday and Friday were particularly uneventful ... MBS MID-DAY: Bonds Under Slight Pressure After Stock Rally TRID Loans Closing; Planet Home Finalizes Deal; Vendor Frenzy: New Products, M&A MBS Week Ahead: Total Agreement on Where Rates are Headed? Latest Video Homebuilder confidence at highest level in decade Santelli: Treasury yields unchanged We're looking an earnings recession... I think: Pro More News from 'Around the Web' Bloomberg - 4:42PM Fed's Williams: Policy to Be Accommodative for Few Years Market Watch - 4:42PM U.S. Treasury softens stance on China's currency CNBC - 4:42PM Why the Fed may not even raise rates Realtor.Org - 3:27PM Chinese Slowdown Could Help U.S. Real Estate Market Watch - 3:27PM Fed's Williams backs rate hike in near future Calculated Risk Blog - 3:22PM Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in September Calculated Risk Blog - 1:40PM Ornithology: What is a "deficit hawk"? Fannie Mae - 1:40PM Fannie Mae Announces Innovations for Lenders, Borrowers Market Watch - 11:45AM Capitol Report: Lew, Weiss push back on floating Fannie, Freddie CNBC - 10:25AM Homebuilders feeling happiest in 10 years www.realtor.com - 9:08AM The 10 U.S. Cities With the Best—and Worst—Air Quality Reuters - 9:06AM Green financing has hobbled home sales in California freddiemac.mwnewsroom.com - 9:05AM Freddie Mac and Quicken Loans Enter Partnership to Make Home Financing Accessible for New Buyers CNN - 1:10AM China GDP slides to 6.9%, worst since 2009 Washington Post - 1:09AM Millennials' top competition for condos might be their parents Today's Rates Best Execution Rate Change 30 Yr FRM 3.83% +0.00 15 Yr FRM 3.10% +0.00 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.60% +0.00 5/1 Yr ARM 2.91% +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% 0.45 -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 3.0 101.66 +0.08 30YR FNMA 3.5 104.52 +0.09 30YR GNMA 3.0 102.56 +0.09 30YR GNMA 3.5 105.09 +0.13 15YR FNMA 3.0 104.41 +0.11 15YR FNMA 2.5 102.34 +0.09 Treasuries Yield Change 2 YR 0.5967% -0.0162 5 YR 1.3438% -0.0066 10 YR 2.0245% -0.0089 30 YR 2.8827% +0.0008 Prices as of: 10/19/2015 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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