Daily Newsletter: Existing Sales Drop Most Since Tax Credit Expiration; Rates Bounce Higher; TRID Hitting Consumers and Industry

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30 Year Fixed 4.05%   +0.04 15 Year Fixed 3.26%   +0.02 10YR Treasury 2.24%   +0.0406 FNMA 30YR 3.5 102.94   -0.25 FNMA 15YR 2.5 102.98   -0.19 View Today's Rates

Tuesday December 22, 2015 Mortgage Rate Watch - 5:39PM Mortgage Rates End Post-Fed Winning Streak Mortgage rates bounced slightly higher today, ending a 4-day winning streak that began with last Wednesday's Fed rate hike. Generally speaking, the bond markets that underlie mortgage ... Pipeline Press - 12:11PM TRID Hits Consumers and Industry; Wells and Chase Discuss Common Defects Yesterday I posted some USDA rural housing updates , and received a couple notes from astute readers on a couple errors. The upfront guarantee fee is not 2%, as was reported in a mortgage ... MND NewsWire - 11:20AM Existing Home Sales Plummet Most Since July 2010 Existing home sales declined considerably in November although the National Association of Realtors®, in reporting the data, blamed in part new disclosure rules that may have delayed ... MBS Commentary - 7:33AM MBS Day Ahead: The Very Picture of Illiquidity Today's chart illustrates the liquidity challenges that crop up at this time of year. The difference between last Friday and yesterday was really night and day. We'll use the gap between ... Some States Still Near 50 Percent Cash Sales USDA Rural Program Updates; Chase EPO Note Riles Some of its Clients Latest Video What's causing home sales to tank? Existing home sales down 10.5% in November Why rate hikes might not hit bonds in 2016: Pro More News from 'Around the Web' freddiemac.mwnewsroom.com - 5:18PM Freddie Mac Issues Monthly Volume Summary for November 2015 rss.nytimes.com - 3:16PM Fiscal Meltdown: What 'The Big Short' Gets Right, and Wrong, About the Housing Bubble chaseb2b.com - 3:04PM Chase TRID FAQ freddiemac.mwnewsroom.com - 2:41PM Freddie Mac December 2015 Insight & Outlook Calculated Risk Blog - 1:59PM A Few Random Comments on November Existing Home Sales Market Watch - 11:30AM Capitol Report: Home prices strengthen 0.5%, FHFA says Bloomberg - 8:52AM Bonds Set to Beat Stocks Globally in 2015 After China Falters CNBC - 8:52AM US third-quarter growth revised lower to 2 percent www.gallup.com - 8:52AM U.S. Economic Confidence Index Holds at -12 Today's Rates Best Execution Rate Change 30 Yr FRM 4.05% +0.04 15 Yr FRM 3.26% +0.02 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.87% +0.04 5/1 Yr ARM 2.98% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.20 -0.01 30 Yr. Fixed 4.12% 1.43 -0.05 MBA ** 30 Yr. Fixed 4.14% 0.45 +0.00 15 Yr. Fixed 3.39% 0.35 +0.00 30 Yr. Jumbo 4.01% 0.30 -0.01 30 Yr. FHA 3.90% 0.31 -0.01 5/1 ARM 3.25% 0.36 +0.02 Freddie Mac ** 30 Yr. Fixed 3.97% 0.60 +0.02 15 Yr. Fixed 3.22% 0.50 +0.03 1 Yr. ARM 2.67% 0.20 +0.03 5/1 Yr. ARM 3.03% 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 99.81 -0.28 30YR FNMA 3.5 102.94 -0.25 30YR GNMA 3.0 101.19 -0.25 30YR GNMA 3.5 103.94 -0.22 15YR FNMA 3.0 102.98 -0.19 15YR FNMA 2.5 100.77 -0.17 Treasuries Yield Change 2 YR 0.9770% +0.0247 5 YR 1.7061% +0.0349 10 YR 2.2375% +0.0406 30 YR 2.9588% +0.0431 Prices as of: 12/22/2015 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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