Daily Newsletter: Appraisal Issues Affecting Sales Numbers; New Loan App; Potentially Significant Price Trend Shift

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30 Year Fixed 3.40%   -0.01 15 Year Fixed 2.74%   -0.01 10YR Treasury 1.56%   +0.0153 FNMA 30YR 3.5 105.38   -0.02 FNMA 15YR 2.5 104.77   -0.02 View Today's Rates

Wednesday August 24, 2016 MND NewsWire - 11:15AM Appraisal and Inventory Issues Complicate Existing Sales Numbers " Frustratingly low inventory levels in many parts of the country" take the blame from the National Association of Realtors® (NAR) for a drop in July existing home sales, the first ... MND NewsWire - 9:57AM Fannie/Freddie Collaborate on New Loan Application While it won't be available for more than a year, the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, have unveiled a new Uniform Residential Loan Application ... MND NewsWire - 9:55AM Potentially Significant Shift in Home Price Trends -FHFA Prices of homes financed by Fannie Mae or Freddie Mac increased by 0.2 percent from May to June the Federal Housing Finance Agency (FHFA) said today. The year over year change was a ... Mortgage Rate Watch - 4:21PM Mortgage Rates Still Sideways and That's Great! Mortgage Rates , like most other interest rates, have seen record-setting levels of inactivity over the past 90 days. The Brexit vote in late June pushed rates to all-time lows and ... New FEMA Proposal and Random Sample of Disaster Policies From Lenders MBS Day Ahead: Why The First Reaction to Yellen Might Not Be Our "Final Answer" Mortgage Applications Drift Aimlessly With Rates Latest Video July existing home sales down 3.2% Santelli on markets: At home in the ranges 3 month Libor moves to new multi-year high More News from 'Around the Web' CNBC - 3:29PM How a liquidity crisis could derail the U.S. housing market www.gallup.com - 3:28PM Fewer U.S. Workers Report Making Less Money CNBC - 3:26PM Easiest cities for mortgage borrowers CNBC - 1:17PM Some investors think a Fed hike could come in September thanks to a spike in Libor www.wsj.com - 11:52AM Fine-Print Fortune: Two Ex-Goldman Traders Look for Bonanza in Mortgage Bonds CNBC - 11:21AM Op-Ed: A rate hike now would be a crushing blow to the economy Market Watch - 9:32AM Millennials are tapping home equity for vacations and emergency cash CNBC - 9:29AM Wednesday's market is watching housing but thinking Fed Today's Rates Best Execution Rate Change 30 Yr FRM 3.40% -0.01 15 Yr FRM 2.74% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.51% -0.01 5/1 Yr ARM 2.84% +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 3.43% 0.50 -0.02 15 Yr. Fixed 2.74% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.76% 0.40 +0.02 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 3.0 103.72 0.00 30YR FNMA 3.5 105.38 -0.02 30YR GNMA 3.0 104.61 -0.02 30YR GNMA 3.5 106.14 -0.03 15YR FNMA 3.0 104.77 -0.02 15YR FNMA 2.5 103.33 -0.03 Treasuries Yield Change 2 YR 0.7657% +0.0198 5 YR 1.1429% +0.0081 10 YR 1.5611% +0.0153 30 YR 2.2493% +0.0180 Prices as of: 8/24/2016 4:31PM 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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