Daily Newsletter: Rates Remain Near Long Term Lows; Cash-Out Surge and Affordability Questions; Construction Spending Misses Estimates

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30 Year Fixed 3.80%   +0.02 15 Year Fixed 3.09%   +0.00 10YR Treasury 1.95%   +0.0276 FNMA 30YR 3.5 104.47   -0.17 FNMA 15YR 2.5 104.08   -0.08 View Today's Rates

Monday February 1, 2016 Mortgage Rate Watch - 4:33PM Mortgage Rates Remain Near Long Term Lows Mortgage rates were in line with the best levels in 8 months as of last Friday. Although they moved slightly higher to begin the new week, today is still the 2nd best day in the past ... MND NewsWire - 12:26PM Cash-Out Refi Surge and Affordability Questions as Prices Rise Black Knight Financial Services took close-up looks at both home affordability and the recent surge in cash-out refinancing in its new Mortgage Monitor released on Monday. The publication ... MND NewsWire - 12:13PM Construction Spending Rises Less Than Expected Construction spending scrambled back into positive territory by a tiny bit in December, gaining 0.1 percent from November's level to an estimated seasonally adjusted annual rate of ... Pipeline Press - 8:34AM Events and Training; FDIC Enforcement Actions; FHA/VA Changes; Ginnie Issuance February already? Ah, Valentine's Day - remember as a kid when your classmates would hand out a 5 word card to every classmate and you received 20 pieces of candy? Those were the days; ... MBS Day Ahead: NFP Week, But Monday Still Matters Buy-to-Rent: Business Model or Quick Profit Plan? Latest Video Q4 GDP tracking lower at 0.5% Friday's decline still a drag on Treasurys Big week for economic data: Liesman More News from 'Around the Web' Market Watch - 2:49PM Banks made corporate, commercial real estate tougher to get, Fed survey finds CNBC - 11:52AM A month of fear, and a record for bonds Reuters - 10:18AM U.S. consumer spending flat; savings at three-year high www.bkfs.com - 10:18AM Black Knight's December Mortgage Monitor: Home Affordability Still Better than Pre-Bubble Average www.realtor.com - 10:17AM First-Time Home Buyers: The New Elite? CNBC - 10:15AM Dec. construction spending barely rises CNBC - 10:15AM ISM manufacturing index hits 48.2 in Jan.; Construction spending up 0.1% in Dec. Bloomberg - 10:15AM Stephen Ross: Real Estate Been a Very Good Asset www.freddiemac.com - 8:28AM Electronic Loan Documents Encourage Efficiency, Ease Anxiety CNBC - 8:28AM US Treasury curve flattens as oil prices fall www.realtor.com - 8:28AM The 20 Hottest U.S. Real Estate Markets in January 2016 Bloomberg - 12:17AM Global Bond Yields Fall to One-Year Low as Japan Renews Records Fannie Mae - 12:16AM Fannie Mae Releases December 2015 Monthly Summary CNBC - 12:14AM Brooklyn property sells for $3K per sq. foot www.builderonline.com - 12:14AM In Bay Area, Millennials Value Homeownership More than Generation X Today's Rates Best Execution Rate Change 30 Yr FRM 3.80% +0.02 15 Yr FRM 3.09% +0.00 FHA 30 Year Fixed 3.45% -0.05 Jumbo 30 Year Fixed 3.62% +0.01 5/1 Yr ARM 3.06% -0.02 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 3.0 101.78 -0.20 30YR FNMA 3.5 104.47 -0.17 30YR GNMA 3.0 102.77 -0.22 30YR GNMA 3.5 105.13 -0.09 15YR FNMA 3.0 104.08 -0.08 15YR FNMA 2.5 102.11 -0.06 Treasuries Yield Change 2 YR 0.7974% +0.0158 5 YR 1.3669% +0.0324 10 YR 1.9520% +0.0276 30 YR 2.7640% +0.0172 Prices as of: 2/1/2016 4:32PM 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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