Daily Newsletter: Cash-Out Refis at 7-Year High; Foreclosure Pace Normalizing; Home Price Attitudes Shifting?

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30 Year Fixed 3.73%   -0.04 15 Year Fixed 3.02%   -0.03 10YR Treasury 1.83%   -0.0735 FNMA 30YR 3.5 104.55   +0.16 FNMA 15YR 2.5 104.08   +0.06 View Today's Rates

Tuesday March 8, 2016 Mortgage Rate Watch - 4:46PM Mortgage Rates Regain Some Ground Mortgage rates moved lower today, regaining a good amount of the ground lost over the past few days. The average lender rate sheet is back in line with those seen last Wednesday. While ... MND NewsWire - 11:52AM Market Clearing Foreclosures at Close to Normal Rate The national foreclosure inventory dropped by about a quarter year over year, bringing the number of homes in the process of foreclosure at the end of January to 456,000 units from ... MND NewsWire - 11:36AM Home Price Expectations Wane in Fannie Mae Survey The most dramatic change in responses to Fannie Mae's most recent National Housing Survey was in the net number of Americans who think home prices are going to continue to rise . That ... MND NewsWire - 11:28AM Cash-out Refinances at Seven-Year High Even as the share of originations going for refinancing began to flag in the fourth quarter of 2015 the cash-out share of those refinancing increased. Freddie Mac said that transactions ... Appraisal News and Trends; Comp Survey on LO Base Pay MBS Day Ahead: The Sun Also Rises For Bond Markets Latest Video Have you refinanced yet? Santelli Exchange: 'March Madness' Santelli: Yields see double digit drops More News from 'Around the Web' CNBC - 4:44PM Student debt load bad and getting worse Bloomberg - 4:44PM LendingClub CEO: Not Seeing Broad Credit Deterioration eyeonhousing.org - 4:32PM Apartment Absorptions Remain Strong as Completions Rise Market Watch - 4:32PM The Fed: Labor market not as strong as unemployment rate suggests, former Fed official says CNBC - 4:32PM Credit card debt surges to Great Recession levels www.gallup.com - 3:29PM Orlando Tops Largest U.S. Metro Areas in Job Creation CNBC - 3:29PM Student debt load growing, so are delinquencies Calculated Risk Blog - 1:48PM Demographics: Renting vs. Owning www.realtor.com - 1:47PM The Online Mortgage Has Finally Arrived Market Watch - 11:42AM Economic Preview: 5 things to watch for at Thursday's key ECB meeting Calculated Risk Blog - 10:57AM Phoenix Real Estate in February: Sales down 3%, Inventory down slightly CNBC - 10:57AM Why aren't you refinancing your mortgage? CNBC - 10:03AM Dollar calls the bond market's bluff? CNBC - 10:03AM BlackRock: Here's the reason oil is rallying www.gallup.com - 9:23AM Economic Confidence Index in U.S. Steady at -11 CNBC - 9:19AM Five steps to happy house hunting www.corelogic.com - 9:19AM CoreLogic Reports 38,000 Completed Foreclosures in January 2016 Today's Rates Best Execution Rate Change 30 Yr FRM 3.73% -0.04 15 Yr FRM 3.02% -0.03 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.57% -0.04 5/1 Yr ARM 3.00% -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 3.83% 0.39 -0.02 15 Yr. Fixed 3.13% 0.31 +0.01 30 Yr. Jumbo 3.75% 0.31 -0.05 30 Yr. FHA 3.67% 0.40 -0.05 5/1 ARM 3.02% 0.31 -0.05 Freddie Mac ** 30 Yr. Fixed 3.64% 0.50 +0.02 15 Yr. Fixed 2.94% 0.50 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.84% 0.50 +0.05 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 3.0 102.13 +0.27 30YR FNMA 3.5 104.55 +0.16 30YR GNMA 3.0 103.03 +0.19 30YR GNMA 3.5 105.27 +0.13 15YR FNMA 3.0 104.08 +0.06 15YR FNMA 2.5 102.27 +0.09 Treasuries Yield Change 2 YR 0.8699% -0.0398 5 YR 1.3432% -0.0721 10 YR 1.8322% -0.0735 30 YR 2.6379% -0.0686 Prices as of: 3/8/2016 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

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