Daily Newsletter: Rates, Fed, Brexit: What Does it All Mean?; MBA Predicts Slower Sales; Mastermind Takeaways

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30 Year Fixed 3.56%   +0.00 15 Year Fixed 2.86%   +0.00 10YR Treasury 1.62%   +0.0068 FNMA 30YR 3.5 105.00   -0.05 FNMA 15YR 2.5 104.67   -0.03 View Today's Rates

Tuesday June 14, 2016 Mortgage Rate Watch - 4:34PM Mortgage Rates, The Fed, and Brexit. What Does it All Mean? Mortgage rates were initially lower this morning as global bond yields continued to plumb record lows. There was widespread coverage in financial news of Germany's 10yr bond yield dipping ... MBS Commentary - 2:40PM Brexit Primer: Background, Possibilities, and Implications Most of the following is a condensed, informal, mental note-taking, but for those who don't even want to read that, here are the ultra condensed bullet points: Brexit (and Trump, Sanders ... MND NewsWire - 10:19AM MBA Predicts Dip in New Home Sales The Mortgage Bankers Association (MBA) is predicated a 6 percent decline in new home sales in May compared to April. The forecast is based on the association's monthly Builder Applications ... Community Commentary - 9:15AM 15 Takeaways From Mortgage Industry's Top Sales Conference: Mastermind 2016 When the Mastermind Summit was launched before the financial crisis, I didn't want to be anywhere near a mortgage sales conference in Las Vegas. I say that as a mortgage sales veteran ... Time to Stop Talking About Foreclosures? German Rates Go Negative; Credit Scoring Trends - DU 10.0 & Trended Data Release Delayed MBS Day Ahead: How Green Could This Valley Be? Latest Video CNBC Fed survey: Next rate hike in September Is the window for raising rates closed? Santelli: Unbelievable times in the Treasury pit More News from 'Around the Web' Reuters - 5:17PM DoubleLine's Gundlach says 'central banks are losing control' CNBC - 5:17PM BlackRock's bond advice blog.stewart.com - 5:17PM Review 4 Insurance Coverages before Seasonal Storms CNBC - 3:14PM Homebuilder stocks fall amid building materials sales decline CNBC - 12:45PM Why negative rates are a big deal NMHC - 12:45PM IRS Spells Out Debt-Income Exclusions for Real Estate Developers Calculated Risk Blog - 12:45PM U.S. Population Distribution by Age, 1900 through 2060 CNBC - 12:45PM Fed is Too Concerned with Market Reactions to its Policy CNBC - 10:54AM Cash levels 'consistent with recession' www.wellsfargo.com - 10:52AM Wells Fargo Hosts National Housing Panel, Shares Annual Homeownership Survey Results Market Watch - 10:22AM From Europe, fears the Fed is causing 'monstrous' stress Calculated Risk Blog - 10:20AM NFIB: Small Business Optimism Index increased in May CNBC - 9:02AM What Germany's historic 10-year bund move tells us: Pimco Reuters - 9:01AM Import prices post largest gain in four years in May Reuters - 9:01AM May retail sales beat expectations; point to strong demand CNBC - 8:13AM Brexit concerns pressure markets; German bond goes negative Bloomberg - 8:13AM Fed's Grip on $2.5 Trillion Treasuries Stash Seen Firm for Years Today's Rates Best Execution Rate Change 30 Yr FRM 3.56% +0.00 15 Yr FRM 2.86% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.59% +0.00 5/1 Yr ARM 2.94% -0.01 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 3.0 102.91 -0.08 30YR FNMA 3.5 105.00 -0.05 30YR GNMA 3.0 103.89 +0.13 30YR GNMA 3.5 105.80 +0.03 15YR FNMA 3.0 104.67 -0.03 15YR FNMA 2.5 103.03 -0.13 Treasuries Yield Change 2 YR 0.7301% +0.0118 5 YR 1.1410% +0.0112 10 YR 1.6198% +0.0068 30 YR 2.4306% +0.0015 Prices as of: 6/14/2016 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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