Daily Newsletter: US housing starts fall in January; Refi Demand Surges; Rates Back Near 2-Week Highs

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30 Year Fixed 3.71%   +0.02 15 Year Fixed 3.00%   +0.01 10YR Treasury 1.81%   +0.0260 FNMA 30YR 3.5 104.58   -0.06 FNMA 15YR 2.5 104.25   -0.02 View Today's Rates

Wednesday February 17, 2016 MND NewsWire - 8:56AM US housing starts, building permits fall in January U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building projects in some parts of the country, in what could be a temporary setback for the housing ... MND NewsWire - 9:07AM Last Week's Low Rates Drove Ongoing Refi Surge Applications for refinancing again drove a significant increase in mortgage applications during the week ended February 12 as mortgage rates continued to decline. The Mortgage Bankers ... Mortgage Rate Watch - 4:44PM Mortgage Rates Near 2-Week Highs Mortgage rates were just a bit higher in most cases today, although some lenders were effectively unchanged from yesterday. If you happened to stop paying attention to mortgage rates ... Pipeline Press - 11:02AM Trends in FHA, VA, and Ginnie Issuance; Lender Updates To put some perspective on things, a trillion seconds is roughly 31,710 years. The Fed indicates that household housing debt is about $8.8 trillion and non-housing debt is about $3 ... MBS Day Ahead: Stocks and Bonds Walking Fine Line Between Support and Resistance Homebuilder Index Continues Slide Latest Video Santelli: US 10-year up a 'big' 28 bps Fed likely on hold for awhile: McTeer Housing starts down 3.8% More News from 'Around the Web' rss.nytimes.com - 3:21PM Fed Officials, at Meeting, Found Economic Outlook Cloudy eyeonhousing.org - 3:20PM Household Debt Outstanding Rises as Mortgage Debt Expands Calculated Risk Blog - 3:20PM FOMC Minutes: Economic and Financial developments "increasing the downside risks to the outlook" The Atlantic - 3:20PM The New American Dream: A Rental of One's Own Bloomberg - 12:42PM Treasuries Prove Fertile Ground for High-Speed Arbitrage Trading Calculated Risk Blog - 12:42PM AIA: "Slight Contraction in Architecture Billings Index " eyeonhousing.org - 12:42PM Little Change for New Single-Family Home Size Bloomberg - 10:55AM Manufacturing Production in U.S. Increases by Most Since July webfeeds.brookings.edu - 10:03AM Unreal interest rates will not create real demand Reuters - 10:03AM U.S. housing starts fall; producer prices nudge up www.realtor.com - 8:04AM And the Biggest American Landowners Are CNBC - 8:03AM Refinancing pushes mortgage applications 8.2% higher Calculated Risk Blog - 8:03AM Wednesday: Housing Starts, PPI, FOMC Minutes and More Today's Rates Best Execution Rate Change 30 Yr FRM 3.71% +0.02 15 Yr FRM 3.00% +0.01 FHA 30 Year Fixed 3.30% +0.05 Jumbo 30 Year Fixed 3.55% +0.03 5/1 Yr ARM 2.91% +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 3.91% 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 3.0 102.19 -0.13 30YR FNMA 3.5 104.58 -0.06 30YR GNMA 3.0 103.11 -0.08 30YR GNMA 3.5 105.30 0.00 15YR FNMA 3.0 104.25 -0.02 15YR FNMA 2.5 102.34 +0.03 Treasuries Yield Change 2 YR 0.7419% +0.0162 5 YR 1.2542% +0.0292 10 YR 1.8104% +0.0260 30 YR 2.6773% +0.0649 Prices as of: 2/17/2016 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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