Daily Newsletter: Rates Lowest in Several Weeks; Imbalances in Construction; Housing Sentiment Ebbs

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30 Year Fixed 3.38%   -0.03 15 Year Fixed 2.73%   -0.02 10YR Treasury 1.54%   -0.0017 FNMA 30YR 3.5 105.56   +0.05 FNMA 15YR 2.5 104.89   +0.03 View Today's Rates

Wednesday September 7, 2016 Mortgage Rate Watch - 2:30PM Mortgage Rates Lowest in Several Weeks Mortgage Rates moved lower today at a slightly better pace than the recent norm. That's not saying much in the bigger picture, because "the norm" has been almost zero movement in either ... MND NewsWire - 1:36PM Construction: A Tale of Shifts and Imbalances So what is going on with residential construction? We hear constantly that inventories are too tight , especially at the lower price levels, new home sales keep rising, yet four years ... MND NewsWire - 1:30PM Housing Sentiment Index Falls From All-Time High Fannie Mae's Home Purchase Sentiment Index (HPSI) was down slightly in August, dipping 1.5 percentage points to 85.0. The index, based on the company's National Housing Survey (NHS ... Pipeline Press - 9:38AM Colorado and MSAs; Lender Profitability Figures; Collateral Underwriting Changes While the industry waits for the ruling on the CFPB versus PHH case to give more clarity on the MSA question for lenders , the Colorado Division of Insurance has adopted a ban on marketing ... Mortgage App Activity Listless Heading Into Holiday MBS Day Ahead: Bonds Change Tack. Now Considering Positive Break Latest Video Fed governance & policy Santelli: Treasurys revisit lower end of five-week range Mortgage rates stuck in a rut? More News from 'Around the Web' Reuters - 3:14PM U.S wage pressures confined to highly skilled, little sign of broadening: Fed Bloomberg - 1:19PM Bond Traders Pare Fed Wagers as Goldman Reverses September Shift CNBC - 1:19PM Fed's Lacker says the case for a rate hike in September is strong CNBC - 12:09PM Fed's George says US labor market is roughly at full strength eyeonhousing.org - 12:08PM Job Openings and Hiring Increase in Construction CNBC - 12:08PM A gauge of job openings that's closely watched by Janet Yellen rose in July www.builderonline.com - 9:40AM Tiny Homes Are Unproven, Poor Investments, Advises Finance Columnist Fannie Mae - 9:40AM Home Purchase Sentiment Index Retreats Slightly, but ... Reuters - 9:39AM U.S. judge cuts back $2 billion mortgage bond case against UBS Bloomberg - 9:39AM Bond Investors Gearing Up for ECB Move Flatten Yield Curve Today's Rates Best Execution Rate Change 30 Yr FRM 3.38% -0.03 15 Yr FRM 2.73% -0.02 FHA 30 Year Fixed 3.20% -0.05 Jumbo 30 Year Fixed 3.50% -0.02 5/1 Yr ARM 2.86% +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 3.46% 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 3.0 103.98 +0.02 30YR FNMA 3.5 105.56 +0.05 30YR GNMA 3.0 104.80 +0.03 30YR GNMA 3.5 106.31 +0.06 15YR FNMA 3.0 104.89 +0.03 15YR FNMA 2.5 103.55 +0.05 Treasuries Yield Change 2 YR 0.7380% +0.0079 5 YR 1.1218% +0.0065 10 YR 1.5357% -0.0017 30 YR 2.2313% +0.0014 Prices as of: 9/7/2016 3:33PM 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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