Daily Newsletter: Fed Rate Goes Up. Mortgage Rates Go Down; Multifamily Leads Construction Numbers Higher

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30 Year Fixed 4.06%   -0.02 15 Year Fixed 3.29%   -0.01 10YR Treasury 2.30%   +0.0284 FNMA 30YR 3.5 102.83   -0.09 FNMA 15YR 2.5 102.88   -0.11 View Today's Rates

Wednesday December 16, 2015 Mortgage Rate Watch - 6:40PM Fed Rate Goes Up. Mortgage Rates Go Down Mortgage rates moved just slightly lower today, despite the long-awaited Fed rate hike. Once again, that's LOWER mortgage rates and a HIGHER Fed rate. Here's how that works: The rate ... MBS Commentary - 2:09PM MBS MID-DAY: Differences Between This FOMC Announcement and the Last One Naturally, this is the most changed Fed Announcement in recent memory. Strike-through indicates previous text. Underline indicates new text. Release Date: October 28, December 16, 2015 ... MND NewsWire - 10:20AM Multifamily Leads Construction Numbers Higher Residential construction activity surged in November with both residential construction permits and housing starts, permits especially, beating analysts' expectations. Whether or not ... MND NewsWire - 1:39PM How Old Deal With GSEs Could Affect Fed Rate Hike Efforts In order to end what it considered excessive borrowing by Fannie Mae and Freddie Mac (the GSEs) and the Federal Home Loan Banks the Federal Reserve, in 2006, cut off their access to ... Flood Insurance Changes; Big Bank Job Cuts; Online Lender Did What? Refinancing still Dominates Application Volume MBS Day Ahead: Not So Much About The Hike As It Is About All The Other Stuff Latest Video Fed more dovish than expected: Pro Housing starts up 10.5% in November How Fed hike could impact housing: Pro More News from 'Around the Web' Bloomberg - 8:04PM Federal Reserve Rate Hike: Who Wins, Who Loses, Who Goes Meh - Bloomberg Market Watch - 5:04PM Short-term Treasury yields at 5 1/2-year high after Fed's monumental rate hike Market Watch - 5:04PM The Wall Street Journal: Junk bonds boosted by Federal Reserve interest-rate hike Bloomberg - 5:04PM The Fed Rate Hike in Two Minutes - Bloomberg CNBC - 3:29PM Why the Fed move doesn't matter to mortgage rates webfeeds.brookings.edu - 3:29PM After lift-off at the Fed, a focus on trajectory Reuters - 2:45PM Fed raises interest rates for first time in a decade in 'dovish hike' CNBC - 1:15PM White House OK on spending bill www.npr.org - 1:15PM No Government Shutdown, But Here's What's In The Spending Bill Calculated Risk Blog - 1:06PM AIA: "Architecture Billings Index Hits another Bump " in November CNBC - 1:03PM DoubleLine's Gundlach: Fed will likely raise rates today Calculated Risk Blog - 10:43AM Fed: Industrial Production decreased 0.6% in November CNBC - 10:43AM Is party over for real estate investment trusts? www.realtor.com - 8:52AM The 5 Real Estate Trends That Will Shape 2016 CNBC - 8:45AM US housing starts surge, permits hit 5-month high Today's Rates Best Execution Rate Change 30 Yr FRM 4.06% -0.02 15 Yr FRM 3.29% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.90% -0.01 5/1 Yr ARM 2.97% -0.03 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% 0.43 +0.02 15 Yr. Fixed 3.39% 0.39 +0.03 30 Yr. Jumbo 4.02% 0.40 +0.03 30 Yr. FHA 3.91% 0.43 +0.02 5/1 ARM 2.98% 0.30 -0.13 Freddie Mac ** 30 Yr. Fixed 3.95% 0.60 +0.02 15 Yr. Fixed 3.19% 0.50 +0.03 1 Yr. ARM 2.64% 0.20 +0.03 5/1 Yr. ARM 3.03% 0.50 +0.04 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 99.59 -0.14 30YR FNMA 3.5 102.83 -0.09 30YR GNMA 3.0 101.00 -0.36 30YR GNMA 3.5 103.73 -0.31 15YR FNMA 3.0 102.88 -0.11 15YR FNMA 2.5 100.56 -0.11 Treasuries Yield Change 2 YR 1.0086% +0.0367 5 YR 1.7506% +0.0531 10 YR 2.2995% +0.0284 30 YR 3.0087% +0.0151 Prices as of: 12/16/2015 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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