Daily Newsletter: Homebuilder Sentiment Continues Slide; Mortgage Rate Bounce Threatens Long-Term Trend

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30 Year Fixed 3.69%   +0.03 15 Year Fixed 2.99%   +0.01 10YR Treasury 1.78%   +0.0431 FNMA 30YR 3.5 104.64   -0.02 FNMA 15YR 2.5 104.27   -0.14 View Today's Rates

Tuesday February 16, 2016 Mortgage Rate Watch - 3:59PM Mortgage Rates Slightly Higher, Threatening Long-Term Trend Mortgage rates continued slightly higher today, further distancing themselves from last week's 1-yr lows. The average lender continues to quote conventional 30yr fixed rates of 3.625 ... MND NewsWire - 10:54AM Homebuilder Index Continues Slide Confidence among new home builders cooled considerably this month. The National Association of Home Builders (NAHB) said its Housing Market Index (HMI), produced as a joint venture ... Pipeline Press - 10:52AM Training and Events; Trading on The Phone, Who Has The Safest MBS? The mortgage industry has certainly taken its lumps in the last eight years. Things are turning around, and Jason Frazier from California's Mason McDuffie Mortgage writes in, "Here ... MBS Commentary - 8:15AM MBS Week Ahead: Bonds Considering Big Picture Bounce or Just Consolidating? The new, holiday-shortened week begins in much the same fashion as the previous week ended: with bond markets considering whether they are under pressure to bounce into weaker territory ... Proposed Overtime Rule Could Hit Lenders' Bottom Line Congress Told FHA Fund is Strong, Reverse Mortgages Improving Latest Video Spring housing market Markets overdue for 'immaculate correction': David Kelly Feb. homebuilder sentiment down More News from 'Around the Web' www.gallup.com - 4:06PM U.S. Small-Business Owners Grow More Optimistic CNBC - 2:45PM Morgan Stanley: Worst month in 5 years CNBC - 2:43PM Apple launches $12B nine-part bond Calculated Risk Blog - 2:43PM SoCal home sales increased 7.3% YoY in January PR Newswire - 12:47PM Fannie Mae Announces Scheduled Release of Fourth Quarter and Full Year 2015 Financial Results HUD - 12:45PM Mortgagee Letter 2016-05 eyeonhousing.org - 11:01AM Builders React to Consumer Worries Reuters - 9:25AM Fed to hike twice in 2016, undeterred by external risks: Reuters poll CNBC - 9:22AM Apple plans to sell US dollar bond www.realtor.com - 8:25AM Where in the U.S. Can You Find the Best Public Schools—but Shell Out the Least? Bloomberg - 8:25AM Draghi's Words Can Bite and $1.2 Trillion of Bonds Show How Much Washington Post - 8:23AM Wonkblog: Where the 'American dream' of homeownership is fading the most www.cfpbmonitor.com - 8:22AM CFPB issues advisory for older consumers about asset recovery scams CNN - 8:22AM Home security giant ADT is bought for $7 billion Today's Rates Best Execution Rate Change 30 Yr FRM 3.69% +0.03 15 Yr FRM 2.99% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.52% +0.04 5/1 Yr ARM 2.90% +0.03 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 3.91% 0.41 -0.06 15 Yr. Fixed 3.18% 0.38 -0.04 30 Yr. Jumbo 3.76% 0.30 -0.08 30 Yr. FHA 3.72% 0.33 -0.08 5/1 ARM 2.96% 0.30 -0.04 Freddie Mac ** 30 Yr. Fixed 3.65% 0.50 -0.07 15 Yr. Fixed 2.95% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.83% 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 3.0 102.31 -0.06 30YR FNMA 3.5 104.64 -0.02 30YR GNMA 3.0 103.19 -0.11 30YR GNMA 3.5 105.30 +0.02 15YR FNMA 3.0 104.27 -0.14 15YR FNMA 2.5 102.31 -0.19 Treasuries Yield Change 2 YR 0.7257% +0.0120 5 YR 1.2250% +0.0243 10 YR 1.7844% +0.0431 30 YR 2.6563% +0.0592 Prices as of: 2/16/2016 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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