Daily Newsletter: Rates Hold Lows Despite Volatility; Don't Count Out Refis Yet; Mortgage Apps Fall

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30 Year Fixed 3.76%   -0.01 15 Year Fixed 3.06%   -0.01 10YR Treasury 1.88%   +0.0206 FNMA 30YR 3.5 104.69   -0.06 FNMA 15YR 2.5 104.28   +0.02 View Today's Rates

Wednesday February 3, 2016 Mortgage Rate Watch - 4:54PM Mortgage Rates Hold Long-Term Lows Despite Market Volatility Mortgage rates had a far more tumultuous day despite ultimately hanging on to the lowest levels in more than 8 months. Whether you wanted to be happy, sad, excited, or scared, there ... MND NewsWire - 6:24PM Freddie Mac: Don't Count Refinancing out yet Freddie Mac's economists are expressing concerns about what they see as economic headwinds revealed by some recently released indicators. In their current edition of Insight and Outlook ... MND NewsWire - 8:29AM Mortgage Applications Fall On Adjusted Basis Mortgage application volume during the week ended January 29 was again either disappointing or much improved depending on whether one viewed it on an adjusted verses an unadjusted basis ... MBS Commentary - 7:34AM MBS Day Ahead: Catching Falling Knives For Fun and Profit Yesterday's morning notes laid out an ominous technical comparison to last January and we promptly proceeded to have the best rally of the year. There are a few points of order though ... Fannie/Freddie Clarify Buybacks; Will The CFPB Settle Discrimination Suit? West Leads Nation with Double Digit Price Increases Latest Video Santelli Exchange: 'Recalibration' a global affair Huge rally in crude prices January ISM nonmanufacturing index: 53.5 More News from 'Around the Web' Bloomberg - 5:46PM Wells Fargo Last of Four Banks to Settle FHA Lawsuit Calculated Risk Blog - 5:45PM Goldman Forecast: No Rate Hike in March www.cfpbmonitor.com - 3:38PM CFPB announces steps to improve checking account access CNBC - 3:37PM Is there a banking crisis in the US? www.realtor.com - 2:04PM Los Angeles Cozies Up to Renters With Pets eyeonhousing.org - 10:56AM In Every State, Over 1/3 of Households are 55+ CNBC - 10:28AM Fed funds futures: Less than 30 pct chance of even 1 rate hike in 2016 CNBC - 10:28AM US January ISM non-manufacturing at 53.5 vs 55.1 expected CNN - 10:27AM Home Depot to hire 80,000 workers Market Watch - 9:42AM Treasury to 'modestly reduce' size of notes, bond auctions Reuters - 9:41AM Wells Fargo to pay $1.2 billion in FHA-related settlement Bloomberg - 9:41AM How Beneficial Are Negative Rates to Treasuries? Bloomberg - 8:26AM Why Hundreds of Nearly Identical Bankruptcy Claims Yielded Vastly Different Results in the Aftermath of the Housing Bubble Market Watch - 8:25AM Private sector adds 205,000 jobs in January: ADP Today's Rates Best Execution Rate Change 30 Yr FRM 3.76% -0.01 15 Yr FRM 3.06% -0.01 FHA 30 Year Fixed 3.40% +0.00 Jumbo 30 Year Fixed 3.57% -0.01 5/1 Yr ARM 3.01% -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 4.02% 0.40 -0.04 15 Yr. Fixed 3.28% 0.37 -0.01 30 Yr. Jumbo 3.89% 0.25 -0.04 30 Yr. FHA 3.83% 0.38 -0.03 5/1 ARM 3.09% 0.34 -0.11 Freddie Mac ** 30 Yr. Fixed 3.79% 0.60 -0.02 15 Yr. Fixed 3.07% 0.50 -0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.90% 0.50 -0.01 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 3.0 102.14 -0.06 30YR FNMA 3.5 104.69 -0.06 30YR GNMA 3.0 103.06 +0.03 30YR GNMA 3.5 105.23 -0.08 15YR FNMA 3.0 104.28 +0.02 15YR FNMA 2.5 102.33 -0.02 Treasuries Yield Change 2 YR 0.7262% -0.0198 5 YR 1.2712% -0.0082 10 YR 1.8826% +0.0206 30 YR 2.7096% +0.0383 Prices as of: 2/3/2016 4:31PM 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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