Daily Newsletter: Pending Home Sales Second Highest in 10 Years; Rates Remain Exceptionally Flat

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30 Year Fixed 3.41%   +0.00 15 Year Fixed 2.75%   +0.00 10YR Treasury 1.57%   +0.0069 FNMA 30YR 3.5 105.36   +0.02 FNMA 15YR 2.5 104.67   -0.03 View Today's Rates

Wednesday August 31, 2016 MND NewsWire - 10:47AM Pending Home Sales Second Highest in 10 Years Despite some predictions that pending home sales would fall in July, they actually rose modestly to reach their second highest level in over a decade. The National Association of Realtors® ... Mortgage Rate Watch - 5:13PM Mortgage Rates Exceptionally Flat Mortgage Rates were unchanged today, ending a month without much movement in general. In fact, the most prevalently quoted conventional 30yr fixed rate on top tier scenarios remained ... MND NewsWire - 8:16AM Mortgage Apps Eke Out Small Gain The volume of applications increased slightly during the week ended August 26 as mortgage rates made minor changes and moved in both directions. The Mortgage Bankers Association (MBA ... Pipeline Press - 10:23AM Deep Dive on FHFA's Home Price Figures; Wells on Investing With Imperfect Info What does $24 million buy you in Oregon ? Just find 24 people to pony up a million each. Some economists love to look at the FHFA's housing statistics. Newly minted math and statistics ... MBS Day Ahead: Month-End Bond Buying Could Be A Trap Mortgage Bank Profits Doubled in Q2 Latest Video Don't think there's a housing bubble: Quicken Loans CEO Chicago PMI: 51.5 (Aug) vs. 55.8 (July) Is the Fed signaling a hike? More News from 'Around the Web' CNBC - 5:13PM LaVorgna: 60% chance of a September rate hike on strong jobs report, not 80% CNBC - 2:47PM Why the Fed probably won't like the jobs report Friday CNBC - 1:26PM Mohamed El-Erian is right: The Fed hikes in September, economists say Market Watch - 1:26PM Fed's Kashkari wants to see core inflation rise before any rate hike CNN - 1:24PM Inequality is widening, even in real estate Reuters - 10:37AM U.S. housing market turnover to improve over coming year: Reuters poll CNBC - 10:36AM Op-Ed: Stop it! There is no national housing bubble freddiemac.mwnewsroom.com - 10:36AM U.S. Housing Market Holding Steady CNBC - 10:35AM We're actually not married to this big homeowner tax break: Mortgage Bankers CEO CNBC - 8:14AM Real estate gains new market prominence starting Thursday CNBC - 8:14AM How a low-flying, spy plane is setting your apartment rent CNBC - 8:14AM Sales of million-dollar homes swoon Calculated Risk Blog - 8:13AM Serious Delinquency Rate Declined in July, Lowest Since May 2008 CNBC - 8:13AM Bill Gross: The Fed has mastered market manipulation CNBC - 8:13AM US Treasurys lower ahead of ADP jobs report Bloomberg - 8:12AM Fed Hawks Consign Treasuries to Worst Month Since June Last Year Today's Rates Best Execution Rate Change 30 Yr FRM 3.41% +0.00 15 Yr FRM 2.75% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.51% +0.00 5/1 Yr ARM 2.84% +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 3.43% 0.60 +0.00 15 Yr. Fixed 2.74% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.75% 0.40 -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 3.0 103.73 +0.02 30YR FNMA 3.5 105.36 +0.02 30YR GNMA 3.0 104.67 +0.02 30YR GNMA 3.5 106.19 +0.03 15YR FNMA 3.0 104.67 -0.03 15YR FNMA 2.5 103.30 -0.02 Treasuries Yield Change 2 YR 0.8053% +0.0040 5 YR 1.1928% +0.0129 10 YR 1.5749% +0.0069 30 YR 2.2270% -0.0050 Prices as of: 8/31/2016 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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