Daily Newsletter: Mortgage Rates Quickly Approaching 7-Month Lows; Fannie Expects March Rate Hike; Goldman's $5bln Settlement

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30 Year Fixed 3.84%   -0.10 15 Year Fixed 3.12%   -0.06 10YR Treasury 2.02%   -0.0719 FNMA 30YR 3.5 104.06   +0.28 FNMA 15YR 2.5 103.75   +0.05 View Today's Rates

Friday January 15, 2016 Mortgage Rate Watch - 2:56PM Mortgage Rates Quickly Approaching 7-Month Lows Mortgage rates surged lower at the quickest pace of the year today as stocks and oil prices continued suffering heavy losses. At present, investors are fleeing from these riskier assets ... MND NewsWire - 1:02PM Fannie Mae Expects Next Rate Hike in March Two factors appear poised to positively affect the ability of households to purchase a home according to Fannie Mae's economists. In their initial 2016 Economic Developments commentary ... Pipeline Press - 10:51AM Using HMDA as a Business Tool; Goldman Settlement, Lehman, and State-Level Updates I've spent some time going through airport security last week & this week with time in Texas, Northern California, Colorado, and now Ft. Lauderdale for a few days. Speaking of showing ... MBS Commentary - 7:32AM MBS Day Ahead: Domestic Data's Only Chance of the Week It's been an utterly hopeless week for domestic economic data so far, with nary a top tier report in sight. Not only that, but after last week's ADP and NFP reports were so easily overlooked ... CFPB Criticized for Lack of Guidance Foreclosure Filings Topped 1M in 2015 Latest Video Mortgage rates dive on market sell-off November business inventories down 0.2% Consumers 'tightening their purse strings': Economist More News from 'Around the Web' Calculated Risk Blog - 2:53PM CoStar: Commercial Real Estate prices "Continued Climb" in November, up 12% year-over-year CNBC - 12:12PM Rate drop: House hunters get a break Reuters - 10:56AM Chinese GDP to worry central banks at home and abroad CNBC - 10:56AM This is not 2008—it's actually worse CNBC - 10:56AM IRS: shorter wait, fewer audits in 2016 www.wsj.com - 10:21AM Fed Releases 2010 Transcripts, Shining Light on a Tumultuous Year - Wall Street Journal CNBC - 10:21AM Business inventories decline CNBC - 10:20AM Consumer sentiment hits 93.3 in January vs 93 expected Calculated Risk Blog - 9:09AM Retail Sales decreased 0.1% in December CNBC - 9:08AM US 10-year yield plunges below 2% CNBC - 9:07AM Markets in 'stealth bear market': Pro Reuters - 9:07AM U.S. retail sales end 2015 with a whimper CNBC - 9:07AM Fed's Dudley: Rates to rise gradually CNBC - 9:07AM Wal-Mart to close 269 stores CNBC - 9:06AM Producer prices fall in Dec www.npr.org - 12:59AM Goldman Sachs Will Pay $5 Billion To Settle Financial-Crisis Claims Today's Rates Best Execution Rate Change 30 Yr FRM 3.84% -0.10 15 Yr FRM 3.12% -0.06 FHA 30 Year Fixed 3.50% -0.10 Jumbo 30 Year Fixed 3.68% -0.07 5/1 Yr ARM 3.05% -0.05 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 4.12% 0.38 -0.08 15 Yr. Fixed 3.42% 0.39 -0.05 30 Yr. Jumbo 4.02% 0.30 -0.07 30 Yr. FHA 3.90% 0.34 -0.05 5/1 ARM 3.42% 0.39 -0.05 Freddie Mac ** 30 Yr. Fixed 3.92% 0.60 -0.05 15 Yr. Fixed 3.19% 0.50 -0.07 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.01% 0.40 -0.08 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 3.0 101.30 +0.38 30YR FNMA 3.5 104.06 +0.28 30YR GNMA 3.0 102.41 +0.25 30YR GNMA 3.5 104.91 +0.27 15YR FNMA 3.0 103.75 +0.05 15YR FNMA 2.5 101.78 +0.13 Treasuries Yield Change 2 YR 0.8459% -0.0532 5 YR 1.4462% -0.0674 10 YR 2.0225% -0.0719 30 YR 2.8042% -0.0881 Prices as of: 1/15/2016 3:28PM 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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