Daily Newsletter: Rates Hold Despite Market Volatility; More Early Delinquencies; Cash Sales 9yr Low; FHA Updates

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30 Year Fixed 3.83%   +0.01 15 Year Fixed 3.11%   +0.01 10YR Treasury 2.09%   +0.0620 FNMA 30YR 3.5 104.38   -0.27 FNMA 15YR 2.5 104.25   -0.20 View Today's Rates

Friday October 23, 2015 Mortgage Rate Watch - 4:41PM Mortgage Rates Only Modestly Higher Despite Market Volatility Mortgage rates were slightly higher today, but did a good job of holding their ground considering the volatile market conditions. Rates take their cues from the trading prices of mortgage ... MND NewsWire - 10:52AM Black Knight Notes Uptick in Early Delinquencies Several measures of mortgage distress moved up in September including the early delinquency rate according to Black Knight Financial Services. The company's "first look" at September ... MND NewsWire - 10:51AM Cash Sales at Nine-Year Low Despite a steadily decreasing share of distressed sales and fewer investors in the market all-cash sales have not yet returned to normal levels nor, according to CoreLogic's new report ... Pipeline Press - 10:44AM FHA Program Status, Evolution, Updates, and Lender Changes There are reasons why FHA production has skyrocketed in the last year, and why that product was the talk of the MBA conference. It seems that financially-speaking the FHA is doing pretty ... MBS MID-DAY: Bonds Hit Hard By China's Surprise Rate Cut MBS Day Ahead: A Few Clues in Charts That Suggest Caution For Now Latest Video Are millennials stalling housing growth? Why did China cut rates China rate cut spurs stocks More News from 'Around the Web' CNBC - 5:09PM Fed could be a snooze next week The Atlantic - 3:04PM Millennials: Forever Renters? Calculated Risk Blog - 3:03PM A Few Random Comments on September Existing Home Sales Bloomberg - 2:10PM New York City Lender Astoria Financial Said to Explore Sale Market Watch - 1:13PM The Fed: Fed should hike rates due to asset market 'frothiness,' OECD chief economist says CNBC - 1:12PM D+ on economy: Two billionaires freddiemac.mwnewsroom.com - 10:53AM U.S. Housing Market Recovery Remains on Track Reuters - 8:47AM Global stocks hit two-month high on dovish Draghi message Bloomberg - 8:38AM Bonds of the Corporations, by the Corporations, and for the Corporations Reuters - 8:37AM China's central bank cuts rates for sixth time since November Bloomberg - 8:37AM Money Markets Primed for Draghi as Bets Jump on Deposit-Rate Cut CNBC - 1:33AM Europe seen higher after ECB hints at stimulus Today's Rates Best Execution Rate Change 30 Yr FRM 3.83% +0.01 15 Yr FRM 3.11% +0.01 FHA 30 Year Fixed 3.50% +0.05 Jumbo 30 Year Fixed 3.62% +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 3.79% 0.60 -0.03 15 Yr. Fixed 2.98% 0.50 -0.05 1 Yr. ARM 2.62% 0.20 +0.08 5/1 Yr. ARM 2.89% 0.40 +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 3.0 101.44 -0.34 30YR FNMA 3.5 104.38 -0.27 30YR GNMA 3.0 102.22 -0.23 30YR GNMA 3.5 104.81 -0.22 15YR FNMA 3.0 104.25 -0.20 15YR FNMA 2.5 102.19 -0.22 Treasuries Yield Change 2 YR 0.6413% +0.0407 5 YR 1.4161% +0.0690 10 YR 2.0866% +0.0620 30 YR 2.9032% +0.0408 Prices as of: 10/23/2015 5:03PM 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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