Daily Newsletter: Transition from Refis to HELOCs; Rates Pull Back; Consumers Expecting Low Inflation/Wages

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30 Year Fixed 3.96%   +0.02 15 Year Fixed 3.20%   +0.01 10YR Treasury 2.18%   +0.0581 FNMA 30YR 3.5 103.70   -0.19 FNMA 15YR 2.5 103.55   0.00 View Today's Rates

Monday January 11, 2016 MND NewsWire - 4:00PM Black Knight Expects Transition from Refis to HELOCs Years into the refinance boom Black Knight Financial Services estimates there are still millions of homeowners who could qualify for and benefit from turning in their existing mortgages ... Mortgage Rate Watch - 5:23PM Mortgage Rates Pull Back After Strong Move Lower Mortgage rates finally pulled back (higher)--albeit slightly--after spending most of the past 2 weeks moving significantly lower. Much of the recent move lower in rates came courtesy ... MND NewsWire - 4:07PM Fed Survey finds Consumers Expecting Low Inflation and Wages to Match Consumers are displaying a bit of bearishness toward the economy according a Federal Reserve Bank of New York's recent survey of how they expect overall inflation and prices for food ... Pipeline Press - 10:45AM Upcoming Events; Ocwen Update; Push for Private Label Securities Plenty of people around the industry believe that the three popular rating agencies (Standard & Poor's, Fitch, and Moody's) have escaped their potential culpability in the financial ... MBS RECAP: Bonds Seize Opportunity To Sell MBS Week Ahead: Trend is Our Friend, Until It's Not Latest Video Earnings recession on the horizon? Fed's Lockhart: Data unlikely to support Jan. rate hike Fed turns over record payout to Treasury More News from 'Around the Web' Calculated Risk Blog - 3:00PM Question #1 for 2016: How much will the economy grow in 2016? Market Watch - 3:00PM Fed's Lockhart: May not have enough data to hike in March Calculated Risk Blog - 11:53AM Question #2 for 2016: How many payroll jobs will be added in 2016? NY Fed - 11:53AM Consumers Expect Lower Household Income, Earnings and Spending Growth Washington Post - 11:51AM Inside HUD's efforts to improve employee morale CNBC - 11:51AM Why homeowners are leaving billions on the table Bloomberg - 10:47AM China Retreat From U.S. Bonds Prompts Shrugs Where Fear Reigned CNBC - 9:08AM US Treasurys decline amid turmoil in China stocks Calculated Risk Blog - 9:06AM Black Knight November Mortgage Monitor: First Time Foreclosure Starts Lowest on Record Today's Rates Best Execution Rate Change 30 Yr FRM 3.96% +0.02 15 Yr FRM 3.20% +0.01 FHA 30 Year Fixed 3.65% +0.02 Jumbo 30 Year Fixed 3.76% +0.01 5/1 Yr ARM 3.07% +0.00 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 4.20% 0.42 +0.01 15 Yr. Fixed 3.47% 0.31 +0.05 30 Yr. Jumbo 4.09% 0.35 +0.02 30 Yr. FHA 3.95% 0.41 -0.02 5/1 ARM 3.47% 0.31 +0.05 Freddie Mac ** 30 Yr. Fixed 3.97% 0.60 +0.01 15 Yr. Fixed 3.26% 0.50 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.09% 0.50 +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 3.0 100.70 -0.20 30YR FNMA 3.5 103.70 -0.19 30YR GNMA 3.0 101.80 -0.27 30YR GNMA 3.5 104.48 -0.19 15YR FNMA 3.0 103.55 0.00 15YR FNMA 2.5 101.44 -0.05 Treasuries Yield Change 2 YR 0.9357% -0.0001 5 YR 1.5956% +0.0342 10 YR 2.1754% +0.0581 30 YR 2.9721% +0.0604 Prices as of: 1/11/2016 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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