Daily Newsletter: Fannie/Freddie Profits; Affordability Improves; Rates End Week Lower

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.64%   -0.02 15 Year Fixed 2.96%   +0.00 10YR Treasury 1.75%   +0.0139 FNMA 30YR 3.5 104.72   -0.14 FNMA 15YR 2.5 104.34   -0.08 View Today's Rates

Friday February 19, 2016 MND NewsWire - 7:13PM GSEs Report Substantial but Diminishing Profits Both Fannie Mae and Freddie Mac (the GSEs) released fourth quarter and year-end results for their 2015 fiscal years this week. While both GSEs posted substantial profits for the year ... MND NewsWire - 7:05PM Rates, Home Prices Increase Affordability Levels Both lower home prices and decreasing interest rates contributed to an increase in home affordability during the fourth quarter of 2015 according to the National Association of Home ... Mortgage Rate Watch - 4:17PM Mortgage Rates Slightly Lower to End Week Mortgage rates improved slightly today, on average, despite modest weakness in underlying bond markets. We discussed this possibility yesterday in that lenders hadn't fully adjusted ... MBS Commentary - 7:33AM MBS Day Ahead: Naysayers Versus Believers I was hyperactively remarking to a mentor back in the day about how things were happening in markets almost exactly as I thought they would. I was excited, but he soon brought me back ... MBS RECAP: Bond Markets Punt on Long-Term Momentum Decisions TRID Survey; CFPB On Financial Innovation; Primary Dealers Still Top Dogs? Latest Video Santelli Exchange: Interpreting 2% inflation target Santelli: Watch short end of treasury curve Richard Fisher: Escaping low interest rate trap More News from 'Around the Web' CNBC - 5:14PM El-Erian: Expect volatility to return Reuters - 5:14PM Dudley gets another five years atop New York Fed CNBC - 2:54PM A slow recovery: Strategists Washington Post - 2:54PM Freddie and Fannie are making money again, and everyone wants it. Reuters - 2:54PM Faster U.S. CPI inflation still not moving key dial for Fed CNBC - 2:53PM Online lenders running into a cash crunch Bloomberg - 12:14PM Fed's Mester Says U.S. Economy Can Work Through `Soft Patch' Market Watch - 12:12PM The Fed: Why Yellen, Fed may be heartened by CPI data webfeeds.brookings.edu - 10:36AM Are low oil prices as helpful to the economy as we once thought? eyeonhousing.org - 10:36AM Flat Trends for Custom Home Building Bloomberg - 8:59AM Draghi Wagers Propel Bunds Toward Longest Winning Run in a Year Fannie Mae - 8:58AM News Release - Fannie Mae Reports Net Income of $11.0B ... Today's Rates Best Execution Rate Change 30 Yr FRM 3.64% -0.02 15 Yr FRM 2.96% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.48% -0.01 5/1 Yr ARM 2.90% +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 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 3.0 102.50 -0.09 30YR FNMA 3.5 104.72 -0.14 30YR GNMA 3.0 103.34 +0.08 30YR GNMA 3.5 105.31 -0.16 15YR FNMA 3.0 104.34 -0.08 15YR FNMA 2.5 102.52 -0.08 Treasuries Yield Change 2 YR 0.7459% +0.0485 5 YR 1.2278% +0.0306 10 YR 1.7518% +0.0139 30 YR 2.6132% +0.0046 Prices as of: 2/19/2016 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.