Daily Newsletter: Rates Back to 1-Month Lows; No Doesn't Always Mean No; CA Cannabis Vote's Impact on Lending

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30 Year Fixed 3.37%   -0.03 15 Year Fixed 2.73%   -0.03 10YR Treasury 1.51%   -0.0543 FNMA 30YR 3.5 105.38   +0.11 FNMA 15YR 2.5 104.92   +0.05 View Today's Rates

Friday August 12, 2016 Mortgage Rate Watch - 3:37PM Mortgage Rates Drop Back to 1-Month Lows Just a day after bouncing firmly higher from the lowest levels in a month, mortgage rates are right back down to the bottom of the recent range. For some lenders, there have been one ... Community Commentary - 12:43PM Sometimes "No" Isn't The Final Answer When it Comes to Getting a Loan The following is a true story (though the names have been changed to protect privacy) of how Carey and Jan bought their new home despite no down payment, and a 586 credit score, and ... Pipeline Press - 9:56AM CA Marijuana Vote Attracting Lender Notice; Credit Unions' Mortgage Biz Exploding Loan officers are very interested in guidance on things like Disparate Treatment and Disparate Impact. What would happen if an originator offered a discounted commission structure to ... MBS Commentary - 9:08AM MBS Day Ahead: Weak Data vs J-Hole; Fed Borrowing From LO's Bag of Carrots? By Wednesday of this week, we were assessing the possibility of a positive break of the range in bonds. Yesterday, those hopes were dashed by a fairly brisk sell-off that took us right ... What Can We Do About The Central Bank Bubble? Some Delinquency Metrics Fall Are Hitting Historic Levels Latest Video Bay Area housing prices through the roof Oil rig counts up for 7th week in a row Retail sales unchanged More News from 'Around the Web' www.realtor.com - 3:09PM Home Equity Loans Come Back to Haunt Borrowers, Banks Calculated Risk Blog - 12:55PM The Housing Bottom and Comparing Recoveries CNN - 11:36AM Americans still love spending on their homes CNBC - 10:52AM Consumer sentiment inches higher in August CNBC - 10:52AM US business inventories rise marginally as sales jump CNBC - 9:10AM US retail sales unexpectedly flat in July CNBC - 9:10AM US producer prices fall on services, energy costs CNBC - 9:10AM China GDP growth to fall below 6% by 2020: IMF Bloomberg - 9:09AM How to Sell a House in Red Hot America NAFCU - 9:09AM Home prices shutting out buyers; reg burden not helping Today's Rates Best Execution Rate Change 30 Yr FRM 3.37% -0.03 15 Yr FRM 2.73% -0.03 FHA 30 Year Fixed 3.15% -0.10 Jumbo 30 Year Fixed 3.47% -0.03 5/1 Yr ARM 2.80% -0.03 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 3.0 103.78 +0.19 30YR FNMA 3.5 105.38 +0.11 30YR GNMA 3.0 104.94 +0.19 30YR GNMA 3.5 106.31 +0.05 15YR FNMA 3.0 104.92 +0.05 15YR FNMA 2.5 103.61 +0.09 Treasuries Yield Change 2 YR 0.7057% -0.0403 5 YR 1.0958% -0.0486 10 YR 1.5084% -0.0543 30 YR 2.2299% -0.0437 Prices as of: 8/12/2016 4:24PM 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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