Daily Newsletter: Permits and Housing Starts Regain Footing; Rates Slightly Higher Ahead of Fed Minutes

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30 Year Fixed 3.41%   +0.01 15 Year Fixed 2.76%   +0.01 10YR Treasury 1.57%   +0.0136 FNMA 30YR 3.5 105.17   -0.06 FNMA 15YR 2.5 104.63   -0.05 View Today's Rates

Tuesday August 16, 2016 Mortgage Rate Watch - 2:59PM Mortgage Rates Slightly Higher Ahead of Fed Minutes Mortgage Rates were sideways to slightly higher today, depending on the lender. Several lenders issued mid-day reprices as bond yields moved higher throughout the day. Lenders who didn ... MND NewsWire - 9:56AM Building Permits and Housing Starts Regain Footing Housing starts rose in July while permits fell from the previous month's rate for the third consecutive time. Both indicators, however, regained a positive year-over-year status. The ... Pipeline Press - 9:35AM Lender Price Changes; Upcoming Events; Implications of UG/Arch Deal Only two weeks until Labor Day? How did that happen? Will AIG and Arch MI figure out which reps have which territories after the purchase of UG goes through by then? (Doubtful - but ... MBS Commentary - 8:30AM MBS Day Ahead: Biggest Day of Data This Week We've recently seen a refreshing reconnection between bond markets and economic data. I say "refreshing" because the classic connection between stronger data and higher rates or weaker ... Freddie sees Banner Year for Originations; Lowers Interest Rate Projection for 2017 Traffic Concerns Continue to Weigh on Builders Latest Video Santelli Exchange: Why investors are wearing 'gray shades' Three key things driving Fed's decisions: BlackRock Housing numbers jump More News from 'Around the Web' Reuters - 3:32PM Gaining confidence, Fed officials eye interest rate hike this year CNBC - 1:29PM Home owners are hiring pros for repairs, and that's good news for Home Depot CNBC - 12:51PM The idea of the Fed raising the inflation target is outrageous: Boockvar Market Watch - 12:51PM The Fed: Fed's Lockhart open to 'at least one' rate hike this year webfeeds.brookings.edu - 3:31PM How land use regulations are zoning out low-income families www.realtor.com - 12:51PM Lack of New Construction Will Make Housing Crunch Even Crunchier eyeonhousing.org - 12:51PM New Single-Family Home Size Declining Bloomberg - 11:08AM Mortgage Risk Stellar Again With $3.4 Billion Wager on 'New War' eyeonhousing.org - 11:08AM Townhouse Construction Market Expansion eyeonhousing.org - 11:08AM Multifamily Strength in July CNBC - 9:36AM US industrial output unexpectedly surges 0.7 percent in July Market Watch - 9:36AM The Fed: Fed's Dudley says September rate hike 'is possible' www.gallup.com - 9:17AM Economic Confidence Index Largely Stable at -12 CNBC - 9:17AM US consumer prices unchanged; underlying inflation slowing Reuters - 9:15AM U.S. housing starts rise to five-month high in July Reuters - 8:07AM Home Depot's quarterly sales rise 6.6 percent Fannie Mae - 8:06AM Fannie Mae Reminds Homeowners and Servicers of Options for Areas Affected by the Louisiana Flooding CNBC - 8:05AM Bond market gears up for more data, auctions, ahead of Atlanta Fed speech Today's Rates Best Execution Rate Change 30 Yr FRM 3.41% +0.01 15 Yr FRM 2.76% +0.01 FHA 30 Year Fixed 3.20% +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 3.45% 0.50 +0.02 15 Yr. Fixed 2.76% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.74% 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 3.0 103.45 -0.11 30YR FNMA 3.5 105.17 -0.06 30YR GNMA 3.0 104.75 +0.03 30YR GNMA 3.5 106.02 -0.11 15YR FNMA 3.0 104.63 -0.05 15YR FNMA 2.5 103.22 -0.05 Treasuries Yield Change 2 YR 0.7500% +0.0202 5 YR 1.1559% +0.0195 10 YR 1.5746% +0.0136 30 YR 2.2934% +0.0094 Prices as of: 8/16/2016 3:48PM 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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