Daily Newsletter: Anxiety Builds Over Sideways Rates; Owners Clueless About Equity; Foreclosures Still Growing

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30 Year Fixed 3.65%   +0.01 15 Year Fixed 2.96%   +0.00 10YR Treasury 1.75%   +0.0017 FNMA 30YR 3.5 104.70   -0.02 FNMA 15YR 2.5 104.31   -0.03 View Today's Rates

Monday February 22, 2016 Mortgage Rate Watch - 5:27PM Mortgage Rates Sideways Again; Anxiety Builds Mortgage rates maintained recent sideways momentum today, holding inside a narrow range established last week. This range is particularly interesting to mortgage rate watchers because ... MND NewsWire - 1:19PM Owners clueless about home equity: Study Despite three years of solid recovery in home prices, a surprising number of homeowners don't realize what they've gained. Most underestimate what their home is worth and, consequently ... MND NewsWire - 10:14AM Foreclosures Still Growing in Nearly Half of States Foreclosure activity declined on a month-over-month basis nationwide in January although completed foreclosures were up significantly on an annual basis. However RealtyTrac reports ... Pipeline Press - 10:12AM Legal News Impacting Lenders and Capital Markets--Not in a Good Way In the last 50+ years Detroit has lost nearly two thirds of its population. (Yes, 2/3.) And now the City of Detroit is offering up a mortgage pairing that goes above 100% LTV to renovate ... MBS RECAP: Bond Markets Quietly Hold Ground Despite Hurdles MBS Day Ahead: Bonds Almost Never Lose This Week (So Pay Attention if They Do) Latest Video 10-year headed below 1%? Closing Bell Exchange: Oil and S&P 500 correlation Santelli Exchange: Tracking treasury trends More News from 'Around the Web' www.realtor.com - 3:52PM Bank of America's Newest Mortgage: 3% Down and No FHA www.cfpbmonitor.com - 1:48PM FTC sends letter to CFPB on 2015 debt collection activities Bloomberg - 1:48PM Biggest U.S. Banks Fight Back Against Fed's Too-Big-to-Fail Plan CNBC - 1:48PM Minerd: 10-yr note heading for 1% yield OCC - 1:25PM OCC Hosts Credit and Compliance Risks Workshops in California Market Watch - 1:25PM Fed official touts ‘excellent' control over interest rates CNBC - 1:24PM The S&P is closing in on a critical level eyeonhousing.org - 1:20PM Multifamily Building: Fourth Quarter Data The Atlantic - 1:07PM The Persistence of America's 'Easy White Enclaves' www.cfpbmonitor.com - 10:23AM CFPB finalizes no-action policy for innovative financial products eyeonhousing.org - 10:23AM Single-Family Built-for-Rent Construction www.bkfs.com - 10:22AM Black Knight Financial Services' "First Look" at January 2016 Mortgage Data CNBC - 8:11AM US has a record-breaking year for solar power Bloomberg - 8:03AM Bond-Market Pessimism `Excessive' Yet May Persist, Says Barclays CNBC - 8:01AM Fannie Mae at risk of needing a bailout CNBC - 8:01AM Treasury yields rise as oil price climbs Today's Rates Best Execution Rate Change 30 Yr FRM 3.65% +0.01 15 Yr FRM 2.96% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.49% +0.01 5/1 Yr ARM 2.89% -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 3.83% 0.36 -0.08 15 Yr. Fixed 3.11% 0.31 -0.07 30 Yr. Jumbo 3.74% 0.26 -0.02 30 Yr. FHA 3.67% 0.34 -0.05 5/1 ARM 2.92% 0.32 -0.04 Freddie Mac ** 30 Yr. Fixed 3.65% 0.50 +0.00 15 Yr. Fixed 2.95% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.85% 0.40 +0.02 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 3.0 102.45 -0.05 30YR FNMA 3.5 104.70 -0.02 30YR GNMA 3.0 103.33 -0.02 30YR GNMA 3.5 105.30 -0.02 15YR FNMA 3.0 104.31 -0.03 15YR FNMA 2.5 102.50 -0.02 Treasuries Yield Change 2 YR 0.7540% +0.0081 5 YR 1.2342% +0.0064 10 YR 1.7535% +0.0017 30 YR 2.6056% -0.0076 Prices as of: 2/22/2016 4:28PM 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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