Daily Newsletter: Rates Fall Despite Strong Jobs Data; Big Drop in Mortgage Apps Chalked Up To Holiday Adjustments

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30 Year Fixed 3.98%   -0.05 15 Year Fixed 3.23%   -0.02 10YR Treasury 2.17%   -0.0654 FNMA 30YR 3.5 103.64   +0.33 FNMA 15YR 2.5 103.38   +0.22 View Today's Rates

Wednesday January 6, 2016 Mortgage Rate Watch - 5:27PM Mortgage Rates Nicely Lower Despite Strong Jobs Data Mortgage rates moved respectably lower today, nearly making it to the best levels in a month. Whereas the average conventional 30yr fixed quote had been creeping up toward 4.25% at ... MND NewsWire - 9:51AM MBA Rounds up Holiday Mortgage App Stats The Mortgage Bankers Association (MBA) is playing catch-up this morning after a two week holiday hiatus for its Weekly Mortgage Applications Survey. This always gets a little confusing ... Pipeline Press - 10:15AM Fannie/Freddie Changes; Positive Millennial Trends for Lenders; Chase Settlement The Wall Street Journal reports banks are beefing up cybersecurity defenses by taking actions that include banning employees from using USB drives, not allowing employees to use work ... MBS Commentary - 9:06AM MBS Day Ahead: Global Risk and Oil Give Bonds a Head Start Bond markets are coming out of the overnight session with a pleasantly surprising advantage, and a good reminder that our fate can be influenced by more than domestic economic data ... Rate Hike no Concern for Freddie's Chief Economist CoreLogic Sees Prices Rising Faster Than Peers Latest Video Fed's Fischer: Four hikes in the ballpark World Bank downgrades global growth forecast to 2.9% from 3.3% Fed December minutes point to gradual rate hikes in the future More News from 'Around the Web' webfeeds.brookings.edu - 4:27PM Tantrums and hot money: How does Fed policy affect global financial stability? Federal Reserve - 2:36PM Minutes of the Federal Open Market Committee, December 15-16, 2015 CNBC - 2:36PM Fed minutes: For some, rate hike was 'close call' Calculated Risk Blog - 12:40PM Apartment Vacancy Rate increased in Q4 to 4.4% www.cfpbmonitor.com - 12:40PM CFPB issues third appropriations report Market Watch - 12:25PM Treasury yields fall to nearly 4-week low on flight to safety Bloomberg - 9:58AM ADP Says Companies in U.S. Increased Payrolls by Most in a Year Reuters - 9:57AM Fed's Fischer says four rate hikes in 2016 'in the ballpark' www.gallup.com - 9:57AM U.S. Job Creation Strong, but Down Slightly at End of 2015 Reuters - 9:54AM U.S. trade deficit narrows as goods imports near five-year low Market Watch - 9:54AM U.S. stocks open sharply lower amid geopolitical worries CNBC - 9:54AM Sovereign risk sees 2008 crisis level swing Market Watch - 8:23AM Most Americans are one paycheck away from insolvency Bloomberg - 8:15AM Treasuries Extend 2016 Winning Start With Growth Outlook Clouded Bloomberg - 8:14AM HSBC Downgraded by JPMorgan as Bad Loans in Asia Set to Surge Bloomberg - 8:14AM Five Things Everyone Will Be Talking About Today CNBC - 8:12AM Mortgage applications fall 27% after Fed hike rush Today's Rates Best Execution Rate Change 30 Yr FRM 3.98% -0.05 15 Yr FRM 3.23% -0.02 FHA 30 Year Fixed 3.70% -0.05 Jumbo 30 Year Fixed 3.81% -0.05 5/1 Yr ARM 3.04% -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% 0.45 +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 3.96% 0.60 -0.01 15 Yr. Fixed 3.22% 0.60 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.06% 0.40 +0.03 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 3.0 100.58 +0.39 30YR FNMA 3.5 103.64 +0.33 30YR GNMA 3.0 101.80 +0.36 30YR GNMA 3.5 104.47 +0.30 15YR FNMA 3.0 103.38 +0.22 15YR FNMA 2.5 101.27 +0.28 Treasuries Yield Change 2 YR 0.9800% -0.0399 5 YR 1.6466% -0.0672 10 YR 2.1720% -0.0654 30 YR 2.9375% -0.0592 Prices as of: 1/6/2016 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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