Daily Newsletter: Rates Break Winning Streak; Cash Sales Lowest Since 2007; Worry More About Repeat Buyers?

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30 Year Fixed 3.37%   +0.00 15 Year Fixed 2.72%   +0.00 10YR Treasury 1.57%   +0.0103 FNMA 30YR 3.5 105.59   -0.06 FNMA 15YR 2.5 105.00   0.00 View Today's Rates

Wednesday September 28, 2016 Mortgage Rate Watch - 4:57PM Mortgage Rates Finally Break Recent Winning Streak Mortgage Rates finally took a break from their recent winning streak today. While there are a few lenders whose rates are just a hair lower than yesterday's, most are slightly higher ... MND NewsWire - 10:32AM Cash Sales Lowest Since 2007 The all-cash share of residential sales dipped below 30 percent in June, the first time this has happened since 2007. CoreLogic said on Tuesday that cash accounted for 29.3 percent ... MND NewsWire - 10:29AM Should We Worry More About Repeat Buyers vs First-Timers? To understand the top-line story in the Urban Institute's (UI's) latest Chartbook released on Monday one has to go back to another UI paper published more than a year ago. In the article ... Pipeline Press - 9:30AM Courts and Compliance; FHA Condo Proposal; Lender Updates on FHA, Rural, and VA What do attorneys and judges think of compliance? Here's a nice write up , but it is important that incentives match your company's compliance goals, and vice versa, that you verify ... MBS Day Ahead: The First Real Chance to Challenge Uptrend in Rates Mortgage Applications Muted Despite Rate Rally Latest Video Evans: Low rates are a global phenomenon Real state of real estate Yellen: No politics involved in Fed decision More News from 'Around the Web' www.redfin.com - 3:24PM 5 Good Reasons to Buy Your First Rental Property Now Calculated Risk Blog - 1:55PM Update on "Peak Renter" Bloomberg - 12:55PM Treasuries Fluctuate as Traders Seek Guidance From Fed Speakers CNBC - 11:45AM The Deutsche Bank crisis: How we got here, and where we are CNBC - 11:45AM Draghi defends ECB in Germany from 'very vocal' critics Bloomberg - 11:37AM Yellen Paints Rosy Picture of Wall Street's Health for Congress freddiemac.mwnewsroom.com - 10:34AM Low Mortgage Rates Sustain Improving Housing Markets Reuters - 10:33AM Fed may change stress tests, capital buffers for U.S. banks: Yellen Reuters - 9:36AM Fed's Kashkari, echoing Yellen, says U.S. economy has room to run CNBC - 8:44AM US core capital goods orders rise for third straight month www.realtor.com - 8:23AM 10 Priciest Metros Where Buyers Can Score the Most Down Payment Help Market Watch - 8:22AM German government preparing rescue plan for Deutsche Bank: report Reuters - 8:21AM Germany denies preparing Deutsche Bank rescue plan Today's Rates Best Execution Rate Change 30 Yr FRM 3.37% +0.00 15 Yr FRM 2.72% +0.00 FHA 30 Year Fixed 3.20% +0.00 Jumbo 30 Year Fixed 3.51% +0.00 5/1 Yr ARM 2.81% +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 3.48% 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 2.80% 0.50 -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 3.0 104.03 -0.06 30YR FNMA 3.5 105.59 -0.06 30YR GNMA 3.0 104.83 -0.06 30YR GNMA 3.5 106.36 -0.05 15YR FNMA 3.0 105.00 0.00 15YR FNMA 2.5 103.63 -0.05 Treasuries Yield Change 2 YR 0.7579% +0.0079 5 YR 1.1331% +0.0180 10 YR 1.5702% +0.0103 30 YR 2.2876% +0.0072 Prices as of: 9/28/2016 4:30PM 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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