Daily Newsletter: Rates Face High Stakes in Jobs Report; Construction Spending Flat; Housing Could Anchor Troubled Economy

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30 Year Fixed 3.42%   +0.01 15 Year Fixed 2.76%   +0.01 10YR Treasury 1.57%   -0.0086 FNMA 30YR 3.5 105.33   -0.03 FNMA 15YR 2.5 104.64   -0.03 View Today's Rates

Thursday September 1, 2016 Mortgage Rate Watch - 2:59PM Mortgage Rates Face High Stakes in Jobs Report Mortgage Rates were slightly higher today, bringing them near their worst levels in several weeks. The caveats are twofold. First of all, the worst levels of the past several weeks ... MND NewsWire - 11:26AM Construction Spending Flat in July Construction spending was largely unchanged in July according to data released Thursday by the U.S. Census Bureau. Spending on all public and privately funded building was at a seasonally ... MND NewsWire - 9:53AM Housing Market Could Anchor a Troubled Economy Isn't it amazing that, after the near-decade of turmoil we have just gone through, that CoreLogic is calling the housing market "an oasis of stability? " Maybe more surprising that ... Pipeline Press - 9:46AM Compliance For Small Lenders; Credit Unions Scooping up Millennials For me last month’s domestic travels included Texas, Montana, Colorado, Kansas, and California. The mood among residential lenders is very good . Yet despite many lenders having ... MBS Day Ahead: ISM is The Headliner, at Least Until Tomorrow's NFP Pending Home Sales Second Highest in 10 Years Latest Video Santelli Exchange: Fed's toolkit & the economy Second lowest reading of the year for ISM Jobs report to lead the Fed? More News from 'Around the Web' eyeonhousing.org - 3:42PM Home Improvements Push Residential Construction Spending Up Market Watch - 1:57PM Odds of a September interest-rate hike have fallen back to pre-Jackson Hole levels webfeeds.brookings.edu - 1:56PM Why is US productivity growth so slow? Possible explanations and policy responses CNBC - 11:24AM Thank you Brexit, politics and the Fed: Futures trading at record pace Bloomberg - 10:39AM U.S. Consumer Comfort Falls From Highest Level Since April 2015 Reuters - 10:38AM Demand for bonds is so strong, there's not enough to trade freddiemac.mwnewsroom.com - 10:38AM Mortgage Rates Higher Heading Into Labor Day Weekend CNBC - 10:38AM ISM manufacturing index at 49.4 in Aug.; Construction spending unchanged in Jul. Reuters - 10:38AM IMF's Lagarde says likely to cut growth outlook as trade wanes Bloomberg - 9:59AM Goldman: The Fed Might Have a New, Big Idea Reuters - 9:14AM August U.S. auto sales seen falling about 3 percent Reuters - 9:14AM U.S. second-quarter labor costs revised sharply higher CNBC - 9:14AM US jobless claims rise less than expected as labor market firms CNBC - 8:22AM Pace of US layoffs slows in August; employers announce 32,188 cuts: Challenger Today's Rates Best Execution Rate Change 30 Yr FRM 3.42% +0.01 15 Yr FRM 2.76% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.53% +0.02 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 3.46% 0.50 +0.03 15 Yr. Fixed 2.77% 0.50 +0.03 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.83% 0.40 +0.08 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 3.0 103.70 -0.03 30YR FNMA 3.5 105.33 -0.03 30YR GNMA 3.0 104.61 -0.06 30YR GNMA 3.5 106.11 -0.08 15YR FNMA 3.0 104.64 -0.03 15YR FNMA 2.5 103.30 0.00 Treasuries Yield Change 2 YR 0.7856% -0.0197 5 YR 1.1799% -0.0129 10 YR 1.5663% -0.0086 30 YR 2.2292% +0.0022 Prices as of: 9/1/2016 4:15PM 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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