Daily Newsletter: Rates Barely Budge Following Fed; How The Statement Changed; Origination Forecast Increases; CFPB on Credit Unions

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.47%   -0.01 15 Year Fixed 2.82%   -0.01 10YR Treasury 1.66%   -0.0364 FNMA 30YR 3.5 105.33   +0.16 FNMA 15YR 2.5 104.77   +0.13 View Today's Rates

Wednesday September 21, 2016 Mortgage Rate Watch - 4:36PM Mortgage Rates Barely Budge Following Fed Mortgage Rates made modest gains in some cases today, though many lenders are in roughly the same territory as yesterday. Things could be worse, however, considering we had 2 major ... MBS Commentary - 2:02PM Differences Between Current and Previous FOMC Statements (additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in June July indicates that the labor market ... MND NewsWire - 5:04PM Mortgage Originations to Rise 11 Percent in Q3 If nothing else, the headline of this months' Outlook from Freddie Mac was a grabber. "Mortgage Originations Poised to Surge," it read, and what followed detailed what the company's ... MND NewsWire - 5:13PM CFPB Chief says Rules Have Leveled Credit Unions' Playing Field "Credit unions are thriving " in the words of Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB). He told members of the National Association of Federal Credit ... Hispanic Lending Glossary; Systemic First-Time Homebuyer Problems Persist MBS Day Ahead: Bank of Japan Did What Now? Bring on The Fed! Refis Retain Higher Share of Mortgage Apps Despite Rising Rates Latest Video Mortgage rates rise, apps tank Yellen: More agreement in FOMC than you might think No hike decision justified? More News from 'Around the Web' Market Watch - 5:16PM Yellen: Partisan politics plays ‘no role' in Fed decisions CNBC - 3:18PM Fed's Yellen: I would expect to see a rate hike this year CNBC - 2:43PM Fed leaves rates unchanged in September meeting CNBC - 2:43PM Bill Gross: I'm hardly able to speak after Fed decision Calculated Risk Blog - 2:28PM FOMC Projections and Press Conference Link Market Watch - 12:41PM The Fed should not raise rates. Let me count the ways, Larry Summers says Reuters - 12:40PM Heat rises on Wells Fargo CEO after lawmaker grilling CNBC - 12:37PM Why housing doesn't care about the Fed CNBC - 10:49AM Sell your long-term bonds, billionaire Paul Singer warns www.builderonline.com - 10:49AM Do Millennials Have a New American Dream? Fannie Mae - 10:49AM Fannie Mae Announces Two Credit Insurance Risk Transfer ... Calculated Risk Blog - 10:49AM AIA: Architecture Billings Index declines in August eyeonhousing.org - 10:43AM Home Equity Growth Even as Homeownership Declines info.trulia.com - 8:46AM Trulia: U.S. Home Inventory Falls For Fifth Straight Quarter, But Signs Of Turnaround Emerge CNBC - 8:21AM History shows this is how traders should position for a hawkish Fed statment Bloomberg - 8:20AM House-Flippers Turn to the Crowd for Quick Cash. What Could Go Wrong? Bloomberg - 8:18AM Europe's Bond Yield Curves Steepen as BOJ Tweaks Monetary Policy - Bloomberg Market Watch - 8:17AM Market Extra: Global yields rise after BOJ surprises with 10-year rate target CNBC - 8:13AM Mortgage applications tank 7.3% amid rising rates Today's Rates Best Execution Rate Change 30 Yr FRM 3.47% -0.01 15 Yr FRM 2.82% -0.01 FHA 30 Year Fixed 3.30% +0.00 Jumbo 30 Year Fixed 3.62% -0.01 5/1 Yr ARM 2.85% -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 3.50% 0.50 +0.06 15 Yr. Fixed 2.77% 0.50 +0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.82% 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 3.0 103.61 +0.25 30YR FNMA 3.5 105.33 +0.16 30YR GNMA 3.0 104.39 +0.25 30YR GNMA 3.5 106.09 +0.16 15YR FNMA 3.0 104.77 +0.13 15YR FNMA 2.5 103.31 +0.14 Treasuries Yield Change 2 YR 0.7744% -0.0040 5 YR 1.1903% -0.0114 10 YR 1.6563% -0.0364 30 YR 2.3813% -0.0511 Prices as of: 9/21/2016 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.