Daily Newsletter: Lower FICO Buyers Head For The Hills; Rates Recover but Face More Volatility; Lender Re-enters Wholesale

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30 Year Fixed 3.47%   -0.03 15 Year Fixed 2.82%   -0.02 10YR Treasury 1.70%   -0.0295 FNMA 30YR 3.5 105.23   +0.11 FNMA 15YR 2.5 104.83   +0.13 View Today's Rates

Wednesday September 14, 2016 MND NewsWire - 10:28AM Lower FICO Buyers Head For The Hills The return of Americans to urban living, while well documented, may be a "head-fake" as far as the mortgage industry is concerned. Sam Khater, CoreLogic's Deputy Chief Economist says ... Mortgage Rate Watch - 5:22PM Mortgage Rates Face More Volatility Despite Slight Recovery Today Mortgage Rates fell modestly today, but only enough to bring upfront costs slightly lower for the same rates quoted yesterday. Still, it's a most welcome development given the abrupt ... Pipeline Press - 9:42AM M&T Re-Enters Wholesale; Vendor Updates; Primer on Angel Oak's Non-Agency Deal With my current travel taking me through Florida, Milwaukee, and now Savannah, geography is on my mind and yesterday I noted that Maine is the only state with one syllable. This prompted ... MND NewsWire - 8:38AM Yes, Mortgage Apps Slowed Way Down Last Week (Before Seasonal Adjustment) Mortgage applications, as measured by the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, increased on a seasonally adjusted basis by 4.2 percent during the ... MBS RECAP: Bond Rout Takes a Break, But is it Over? MBS Day Ahead: Corporate Issuance in Focus Again as 'Breakout' Continues Latest Video Wells Fargo bombshell story Santelli: Rates pause & hover near 'Brexit' highs Santelli Exchange: Treasurys making a generational low yield? More News from 'Around the Web' Calculated Risk Blog - 3:34PM Review of FOMC Projections CNBC - 3:33PM Wells Fargo being investigated by federal prosecutors: DJ, citing sources Bloomberg - 2:18PM The Bond Market Is Flashing a Signal That Traders Haven't Seen Since 2012 Google News - 12:33PM Affordability Concerns, Uncertainty about Down Payment Requirements Ensnaring Renters, Latest HOME Survey Shows CNBC - 12:32PM Ben Bernanke: 'Premature' to count out negative rates Bloomberg - 10:33AM The American Dream of City Living Is Built on a Prayer CNBC - 9:46AM Bond yields are on the rise - is this a return to normal? Reuters - 9:44AM U.S. import prices post first decline in six months Bloomberg - 8:18AM Global Yields Highest Since June as El-Erian Says Fed Should Act CNBC - 8:16AM Mortgage applications jump 4.2% on strong buyer demand Today's Rates Best Execution Rate Change 30 Yr FRM 3.47% -0.03 15 Yr FRM 2.82% -0.02 FHA 30 Year Fixed 3.30% +0.00 Jumbo 30 Year Fixed 3.63% -0.03 5/1 Yr ARM 2.87% -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 3.44% 0.60 -0.02 15 Yr. Fixed 2.76% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.81% 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 3.0 103.38 +0.19 30YR FNMA 3.5 105.23 +0.11 30YR GNMA 3.0 104.39 +0.14 30YR GNMA 3.5 106.16 +0.16 15YR FNMA 3.0 104.83 +0.13 15YR FNMA 2.5 103.39 +0.22 Treasuries Yield Change 2 YR 0.7620% -0.0403 5 YR 1.2080% -0.0408 10 YR 1.6993% -0.0295 30 YR 2.4520% -0.0122 Prices as of: 9/14/2016 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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