Daily Newsletter: Refinancing Dead Again?; Purchase Sentiment Rebounds; Rates Stay Low; Mortgage Bank Profits

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30 Year Fixed 3.62%   -0.01 15 Year Fixed 2.91%   -0.01 10YR Treasury 1.71%   -0.0120 FNMA 30YR 3.5 105.00   +0.03 FNMA 15YR 2.5 104.52   +0.03 View Today's Rates

Wednesday June 8, 2016 MND NewsWire - 10:09AM Refinancing Dead Again? With mortgage interest rates generally down since the end of last year CoreLogic's principal economist Molly Boesel took a crack this week at figuring out how much gas might be left ... MND NewsWire - 10:05AM Home Purchase Sentiment Rebounds, Hits Survey High While consumers are still conflicted about whether it is still a good time to buy or to sell, their perceptions about financial aspects of their lives improved and along with it Fannie ... Mortgage Rate Watch - 4:40PM Mortgage Rates Little-Changed Near 3-Year Lows Mortgage rates barely budged, yet again today. But that's not such a bad thing considering they are very close to 3-year lows. On top of that, among the lenders with detectable changes ... MND NewsWire - 9:45AM Mortgage Bank Profits Rise Slightly Despite Lower Volume Mortgage bank profits increased substantially in the first quarter of the year compared to the last quarter of 2015 the Mortgage Bankers Association (MBA) reported on Tuesday. Independent ... Changes to Freddie and Fannie Coming Up; Free Webinars on Wide Range of Topics Holiday Skews Mortgage Apps, but Rates Generally Lower MBS Day Ahead: Europe's Corporate Bond Program Echoes 2015's QE Roll-Out Latest Video Making moves in real estate Santelli: Strong demand at 10-year auction Santelli Exchange: 'Tina' & the Fed More News from 'Around the Web' Calculated Risk Blog - 3:22PM "The Housing Trilemma" Calculated Risk Blog - 1:47PM Negative Equity Rate declined in Q1 2016 webfeeds.brookings.edu - 1:47PM Janet Yellen and the four big uncertainties Bloomberg - 11:56AM The ECB's Corporate Bond-Buying Is Making Waves All the Way to the U.S. www.freddiemac.com - 10:38AM Are Baby Boomers the Key to the Single-Family Market? freddiemac.mwnewsroom.com - 10:27AM Majority of 55+ Homeowners Confident of Financially Comfortable Retirement, Finds New Freddie Mac Survey CNBC - 9:30AM LendingClub shares rise amid report that ousted CEO is mulling a takeover CNBC - 9:20AM ECB kicks off corporate bond buying Today's Rates Best Execution Rate Change 30 Yr FRM 3.62% -0.01 15 Yr FRM 2.91% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.63% -0.02 5/1 Yr ARM 3.00% +0.00 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 3.66% 0.50 +0.02 15 Yr. Fixed 2.92% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.88% 0.50 +0.01 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 3.0 102.94 +0.09 30YR FNMA 3.5 105.00 +0.03 30YR GNMA 3.0 103.67 +0.13 30YR GNMA 3.5 105.72 +0.03 15YR FNMA 3.0 104.52 +0.03 15YR FNMA 2.5 102.92 +0.03 Treasuries Yield Change 2 YR 0.7791% -0.0042 5 YR 1.2337% +0.0031 10 YR 1.7057% -0.0120 30 YR 2.5111% -0.0300 Prices as of: 6/8/2016 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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