Daily Newsletter: Truth About Fed and Mortgage Rates; Builder Confidence Dips; Quarter Million Homes Back in Black

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30 Year Fixed 4.08%   +0.04 15 Year Fixed 3.30%   +0.03 10YR Treasury 2.27%   +0.0477 FNMA 30YR 3.5 102.92   -0.13 FNMA 15YR 2.5 102.98   -0.25 View Today's Rates

Tuesday December 15, 2015 Mortgage Rate Watch - 4:57PM A Real Conversation About The Fed and Mortgage Rates Mortgage rates jumped again today, moving to the highest levels more than a month ahead of tomorrow's hotly anticipated Fed Announcement. Many lenders are now back up to quoting 4.125 ... MND NewsWire - 10:26AM Labor and Land Costs Cited for Dip in Builder Confidence The National Association of Home Builders (NAHB) said on Tuesday that its NAHB/Wells Fargo Housing Market Index (HMI) dropped one point in December adding to its three point loss in ... MND NewsWire - 10:23AM 256,000 Homes Regained Equity in Q3 Ninety-two percent of mortgaged homeowners now have positive equity in their homes after more than a quarter-million emerged from being underwater in the third quarter of 2015. CoreLogic ... Pipeline Press - 10:04AM Wholesale News; TRID's Impact on Lenders and Consumers--Not Good News What is this? Fear of a bubble in commercial real estate? Apparently the Fed is increasingly concerned about asset pricing and lending practices in commercial real estate markets but ... MBS MID-DAY: Why are Bonds Weaker Again Today? MBS Day Ahead: Things Are Getting Interesting For Bond Markets Latest Video Rate hike & housing prices Fed survey: 95% expect rate hike Wednesday Fed Survey: How many rate hikes in 2016? More News from 'Around the Web' Bloomberg - 4:54PM Foreigners Sold U.S. Treasuries at Record Pace in October www.realtor.com - 4:30PM Tax Break for Home Short Sellers at Risk Calculated Risk Blog - 4:29PM Early Read on Existing Home Sales in November: Big Drop CNBC - 2:45PM Sounding off on a 'dovish hike' FHFA - 1:41PM FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets Market Watch - 11:42AM Bernanke says Fed likely to add negative rates to recession-fighting toolkit Bloomberg - 9:50AM Fed Still Expected to Raise Rates Amid Market Uncertainty Market Watch - 9:50AM Bernanke says he never expected rates to be at zero for so long Reuters - 8:54AM High-yield risks shed doubts on strength of U.S. economy Market Watch - 8:36AM Economic Report: Empire State index shows less contraction in December www.corelogic.com - 8:35AM CoreLogic Reports 256,000 US Properties Regained Equity in the Third Quarter of 2015 www.npr.org - 8:35AM Battered Home Builders Remain Wary Of Interest Rate Increases www.gallup.com - 8:35AM Economic Confidence Index in the U.S. Consistent at -12 CNBC - 8:35AM Underlying inflation pressures trend higher in Nov newsroom.bankofamerica.com - 8:35AM BofA Merrill Lynch Fund Manager Survey Finds Majority of Investors Expect Three or More U.S. Rate Hikes in Coming Year Today's Rates Best Execution Rate Change 30 Yr FRM 4.08% +0.04 15 Yr FRM 3.30% +0.03 FHA 30 Year Fixed 3.75% +0.05 Jumbo 30 Year Fixed 3.91% +0.05 5/1 Yr ARM 3.00% +0.01 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 99.73 -0.19 30YR FNMA 3.5 102.92 -0.13 30YR GNMA 3.0 101.36 -0.13 30YR GNMA 3.5 104.05 -0.03 15YR FNMA 3.0 102.98 -0.25 15YR FNMA 2.5 100.67 -0.36 Treasuries Yield Change 2 YR 0.9719% +0.0203 5 YR 1.6975% +0.0446 10 YR 2.2711% +0.0477 30 YR 2.9936% +0.0387 Prices as of: 12/15/2015 4:32PM 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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