Daily Newsletter: Rates Even Closer to All-Time Lows; Negative Equity Rapidly Declining

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30 Year Fixed 3.59%   -0.03 15 Year Fixed 2.89%   -0.02 10YR Treasury 1.68%   -0.0275 FNMA 30YR 3.5 105.02   +0.02 FNMA 15YR 2.5 104.61   +0.09 View Today's Rates

Thursday June 9, 2016 Mortgage Rate Watch - 4:18PM Mortgage Rates Even Closer to All-Time Lows Mortgage rates moved slightly lower today, bringing them to levels seen only one other time in the past 3 years. Even then, that "other time" was only for a few fleeting hours on February ... MND NewsWire - 10:19AM Negative Equity Rapidly Declining Negative equity continued to decline in the first quarter of 2016. CoreLogic said today that 268,000 homeowners regained an equity position in their homes, bringing the number of homes ... Pipeline Press - 10:15AM CFPB's Updates; HMDA Data in Latest Agreement - What It Means; Example of Non-ATR Loan Today I am in Albany for the NY MBA conference , but yesterday I was in Las Vegas with its hordes of retirees. People who say they want to live to be 120 years old seem to forget that ... MBS Commentary - 9:28AM MBS Day Ahead: What a Difference a Day Makes European bond buying failed to provide a big boost yesterday Bonds instead getting a boost today, right out of the gate, but not exclusively from Europe The fact that it's happening ... Refinancing Dead Again? Home Purchase Sentiment Rebounds, Hits Survey High Latest Video Housing less affordable Rates & confidence in central banks drop Signals from the bond market More News from 'Around the Web' CNBC - 4:16PM Negative rates a big boon to US bonds www.cfpbmonitor.com - 4:06PM House appropriations bill amendment would delay enforcement of CFPB payday loan rule Reuters - 4:05PM House committee moves to cut funding for financial regulators CNBC - 1:22PM Buying or renting, housing affordability just gets worse www.realtor.com - 1:21PM Why Now Is a Great Time to Be a Home Buyer Calculated Risk Blog - 1:21PM Fed's Flow of Funds: Household Net Worth increased in Q1 Reuters - 11:38AM Next Fed rate hike likely now in September but July possible: Reuters poll CNBC - 11:38AM Wholesale inventories rise in April CNBC - 9:59AM This company gives a test trial for homes Bloomberg - 8:25AM Japanese Buy Overseas Bonds as Wells Fargo Says Asia Bulls Rule Today's Rates Best Execution Rate Change 30 Yr FRM 3.59% -0.03 15 Yr FRM 2.89% -0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.60% -0.03 5/1 Yr ARM 2.98% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** 30 Yr. Fixed 3.60% 0.50 -0.06 15 Yr. Fixed 2.87% 0.50 -0.05 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.82% 0.50 -0.06 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 3.0 102.98 +0.05 30YR FNMA 3.5 105.02 +0.02 30YR GNMA 3.0 103.61 -0.06 30YR GNMA 3.5 105.73 +0.02 15YR FNMA 3.0 104.61 +0.09 15YR FNMA 2.5 103.00 +0.08 Treasuries Yield Change 2 YR 0.7671% -0.0120 5 YR 1.2158% -0.0179 10 YR 1.6816% -0.0275 30 YR 2.4784% -0.0327 Prices as of: 6/9/2016 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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