Daily Newsletter: Rates Highest in 2 Weeks; Don't Blame Inventory for All Housing Woes

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30 Year Fixed 3.57%   +0.01 15 Year Fixed 2.87%   +0.01 10YR Treasury 1.70%   +0.0259 FNMA 30YR 3.5 104.81   -0.09 FNMA 15YR 2.5 104.39   -0.03 View Today's Rates

Tuesday June 21, 2016 Mortgage Rate Watch - 2:36PM Mortgage Rates Highest in 2 Weeks Mortgage rates remained under pressure today, moving up to the highest levels in two weeks. Financial markets are in the process of undoing some of their defensive maneuvers ahead of ... MND NewsWire - 2:15PM Don't Blame Lack of Good Homes for All Housing's Woes The biggest complaint in the spring homebuying season was simply that there weren't enough homes to buy . Demand is strong for housing, but listings are low and getting lower. That ... Pipeline Press - 10:45AM New DU Date Set; 48 Hours to Brexit Vote - Traders Prepare; 1003 News Today I am in Kansas City, where it is “only” 96 degrees. Phoenix hit 119 degrees this week. Let’s ask the folks over there what they think about housing made out ... MBS Commentary - 8:51AM MBS Day Ahead: Hoping For Consolidation vs Correction "Consolidation" would mean yesterday's high yields were a short-term ceiling "Correction" would mean more pain for bond markets Yellen speaks at congress... today's only key event Will ... 4 in 5 Americans Say Affordability is a Problem MBS Week Ahead: The Pre-Brexit Pull-Back is Here Latest Video Yellen: Loss of momentum in labor market Fed view of the US economy Santelli: Sold off after 5-YR auction More News from 'Around the Web' freddiemac.mwnewsroom.com - 3:09PM Freddie Mac Sells $706 Million of Seriously Delinquent Loans Bloomberg - 3:08PM Janet Yellen's Senate Testimony in Two Minutes CNBC - 1:55PM Why the Fed keeps getting it wrong Bloomberg - 1:07PM Draghi Says ECB Is Ready to Respond to Any Brexit Turmoil CNBC - 11:53AM The next recession is already here—and there isn't much the Fed can do CNBC - 10:11AM Amid uneven economic growth, Fed's Yellen says cautious approach still appropriate eyeonhousing.org - 10:11AM What Building 1,000 Homes Means to the U.S. Economy info.trulia.com - 10:11AM Trulia: Inventory Drops Again, But Demand For Starter Homes Also Falling In Many Markets CNBC - 8:01AM Soros warns of Brexit 'Black Friday' CNBC - 7:59AM Don't blame lack of good homes for all housing's woes Market Watch - 7:54AM Moneyism: Why a 30-year home mortgage may leave you house poor Calculated Risk Blog - 7:54AM Tuesday: Fed Chair Yellen Today's Rates Best Execution Rate Change 30 Yr FRM 3.57% +0.01 15 Yr FRM 2.87% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.61% +0.00 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 3.37% 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 3.54% 0.50 -0.06 15 Yr. Fixed 2.81% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.74% 0.50 -0.08 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 3.0 102.67 -0.09 30YR FNMA 3.5 104.81 -0.09 30YR GNMA 3.0 103.47 +0.05 30YR GNMA 3.5 105.59 -0.03 15YR FNMA 3.0 104.39 -0.03 15YR FNMA 2.5 102.72 -0.08 Treasuries Yield Change 2 YR 0.7630% +0.0260 5 YR 1.1937% +0.0243 10 YR 1.7024% +0.0259 30 YR 2.5037% +0.0179 Prices as of: 6/21/2016 4:04PM 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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