Daily Newsletter: Rates Bounce Higher; Normal Seasonal Stall in Sales; Millennial Homeownership Gap

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30 Year Fixed 3.40%   +0.02 15 Year Fixed 2.76%   +0.02 10YR Treasury 1.57%   +0.0535 FNMA 30YR 3.5 105.25   -0.20 FNMA 15YR 2.5 104.84   -0.13 View Today's Rates

Thursday August 11, 2016 Mortgage Rate Watch - 3:25PM Mortgage Rates Bounce Higher to Stay in Range Mortgage rates bounced higher today , after 2 solid days of improvement. In the bigger picture, rates are still closer to the lowest levels of the past month, but it's worth mentioning ... MND NewsWire - 9:52AM Normal Seasonal Stall For New Home Sales -MBA The Mortgage Bankers Association is forecasting that new home sales in July were down by 8 percent compared to June. Sales during the month will surpass those in July 2015 by 2.4 percent ... MND NewsWire - 11:46AM Seen Through a Different Lens, Millennials May Be Closing Homeownership Gap There has been a lot of focus in recent years on two topics; the gradual but steady decline in the homeownership rate and the huge Millennial generation, those born between the early ... MND NewsWire - 12:34PM Some Delinquency Metrics Fall Are Hitting Historic Levels The delinquency rate for mortgages on one-to-four residential properties fell in the second quarter of 2016 to its lowest rate in exactly ten years while other distress measures are ... State News; Primer on Securitization - Ginnie Sets Record; LO Census MBS Day Ahead: Bonds Making Big Decisions or Merely Acquiescing? Latest Video Santelli Exchange: QE- corporate style Santelli: Rates drift in tight range Initial jobless claims down 1,000 to 266,000 More News from 'Around the Web' Bloomberg - 2:49PM One Sign Treasuries Liquidity Is Better Than It's Been in Years www.realtor.com - 2:49PM The Typical Home in San Jose Now Costs More Than $1 Million Bloomberg - 2:49PM Negative Rates for the People Arrive as German Bank Gives In Calculated Risk Blog - 2:48PM Mortgage Delinquencies and the Unemployment Rate eyeonhousing.org - 12:16PM Rising Home Prices Affect Housing Affordability in the Second Quarter Reuters - 11:07AM Fed to raise rates this year, likely in Dec after election: Reuters poll Reuters - 11:07AM U.S. import prices unexpectedly rise in July Calculated Risk Blog - 10:59AM MBA: "Delinquencies and Foreclosures Continue to Drop" in Q2 www.builderonline.com - 10:59AM Prospective Buyers Still Struggle to Find Starter Homes Calculated Risk Blog - 8:44AM Memory Lane: From 2005 just as Housing Inventory started to Increase www.npr.org - 8:38AM There's A Home Renovation Boom, But Good Luck Finding A Contractor Bloomberg - 8:38AM Brooklyn Apartment Rents Fell in July for the First Time in 2016 CNBC - 8:35AM Reverse mortgages might not be a bad move for many retirees Today's Rates Best Execution Rate Change 30 Yr FRM 3.40% +0.02 15 Yr FRM 2.76% +0.02 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.50% +0.02 5/1 Yr ARM 2.83% +0.02 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 3.0 103.59 -0.27 30YR FNMA 3.5 105.25 -0.20 30YR GNMA 3.0 104.72 -0.28 30YR GNMA 3.5 106.22 -0.16 15YR FNMA 3.0 104.84 -0.13 15YR FNMA 2.5 103.50 -0.16 Treasuries Yield Change 2 YR 0.7460% +0.0560 5 YR 1.1477% +0.0729 10 YR 1.5661% +0.0535 30 YR 2.2764% +0.0434 Prices as of: 8/11/2016 4:02PM 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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