Daily Newsletter: Widespread Negative Reprices Take Rates to 4 Percent After Yellen; Distressed Sale Momentum Slowing; Fannie Updates

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30 Year Fixed 3.98%   +0.04 15 Year Fixed 3.23%   +0.03 10YR Treasury 2.23%   +0.0109 FNMA 30YR 3.5 103.72   -0.17 FNMA 15YR 2.5 103.80   -0.13 View Today's Rates

Wednesday November 4, 2015 Mortgage Rate Watch - 4:15PM Mortgage Rates Back to 4 Percent After Yellen Mortgage rates maintained their upward momentum today, rising to the highest levels since late September after Janet Yellen confirmed the Fed's rate hike outlook. Bond markets (which ... MND NewsWire - 3:32PM Return to Normal Slows for Distressed Sales Sales of distressed properties, an increasingly negligible portion of all home sales, slipped even further in August. Sales of lender owned or REO properties constituted a 6 percent ... MND NewsWire - 3:28PM Fannie Selling Guide Updates; Expanded Income Options Fannie Mae has released another set of changes to its Selling Guide. The changes are in the following categories: Refund of Loan-Level Price Adjustments Co-op Project Review Policy ... MBS Commentary - 1:33PM MBS MID-DAY: Widespread Negative Reprices as Yellen Shows Up In Hiking Gear This morning's economic data had moderate impact on bond market trading levels. The two key releases were ADP Employment and ISM Non-Manufacturing. Of the two, ADP was the bigger market ... Upcoming Events; Is Freddie's Quarterly Loss Important? Mortgage Application Activity....Zzzzzzz MBS Day Ahead: Bond Bears Slowly Carrying Out Plans... Bulls Too! Latest Video Janet Yellen: December rate hike a 'live possibility' Fed's Dudley: Yellen is right, December hike live Santelil Exchange: Fed supervision More News from 'Around the Web' www.npr.org - 5:01PM Could Your Social Media Footprint Step On Your Credit History? Market Watch - 3:16PM Dudley says he agrees with Yellen that December is 'live possibility' CNBC - 5:01PM Dudley: December in play for rate hike CNBC - 3:14PM Dec rate hike priced in? Maybe: Experts Bloomberg - 1:08PM God Wants Yellen to Delay Rate Hike Until Spring, Lawmaker Says Bloomberg - 11:46AM Bond Liquidity Seen Worsening by BofA as Regulations Tighten Reuters - 10:27AM Yellen says banks stronger, but management faults remain Market Watch - 8:42AM Treasury says it is considering offering 2-month bills CNBC - 8:39AM Trade deficit smallest in 7 months Calculated Risk Blog - 8:39AM ADP: Private Employment increased 182,000 in October Reuters - 8:39AM U.S. private sector adds 182,000 jobs in October: ADP Reuters - 7:43AM Fed faces patchwork recovery despite near-normal labor markets CNBC - 7:42AM Interest rates push mortgage applications down 0.8% CNBC - 7:42AM Treasury yields off highs after 30-year breaks 3% Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% +0.04 15 Yr FRM 3.23% +0.03 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.78% +0.03 5/1 Yr ARM 2.92% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.46% 1.21 +0.00 30 Yr. Fixed 4.17% 1.42 -0.03 MBA ** 30 Yr. Fixed 3.98% 0.44 +0.03 15 Yr. Fixed 3.22% 0.44 +0.02 30 Yr. Jumbo 3.88% 0.33 +0.01 30 Yr. FHA 3.80% 0.30 +0.02 5/1 ARM 3.03% 0.34 +0.09 Freddie Mac ** 30 Yr. Fixed 3.76% 0.60 -0.03 15 Yr. Fixed 2.98% 0.60 +0.00 1 Yr. ARM 2.54% 0.20 -0.08 5/1 Yr. ARM 2.89% 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 3.0 100.56 -0.20 30YR FNMA 3.5 103.72 -0.17 30YR GNMA 3.0 101.59 -0.17 30YR GNMA 3.5 104.38 -0.14 15YR FNMA 3.0 103.80 -0.13 15YR FNMA 2.5 101.56 -0.09 Treasuries Yield Change 2 YR 0.8158% +0.0501 5 YR 1.6321% +0.0429 10 YR 2.2250% +0.0109 30 YR 2.9879% -0.0089 Prices as of: 11/4/2015 4:31PM 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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