Daily Newsletter: Rates Rise Thanks to Europe; Mortgage Credit Availability Tightens

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30 Year Fixed 3.40%   +0.02 15 Year Fixed 2.75%   +0.02 10YR Treasury 1.60%   +0.0667 FNMA 30YR 3.5 105.42   -0.13 FNMA 15YR 2.5 104.84   -0.05 View Today's Rates

Thursday September 8, 2016 Mortgage Rate Watch - 4:01PM Mortgage Rates Rise Thanks to Europe Mortgage Rates bounced highe r today, bringing them back in line with the pervasive range of the past several weeks. As of yesterday, rates were technically at 2-week lows. The ultra ... MND NewsWire - 10:04AM Credit Index Tightens as One Investor Shutters Division The Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) ticked down in August, indicating a slight and largely operational tightening of mortgage credit ... Pipeline Press - 9:58AM Training and Events; Compliance and Risk - How Much in Bank Fines? 50 years since Star Trek debuted on TV? Holy smokes. Salaries were lower back then. How much do NFL referees earn in a year? The average NFL referee salary was $173,000 in 2013, and ... MBS Commentary - 8:40AM MBS Day Ahead: After ECB Leaves Policy Unchanged, Markets to Focus on Draghi Mario Draghi is the President of the European Central Bank (ECB). He's Europe's version of Janet Yellen, for lack of a more eloquent description. That is to say, when he speaks, markets ... Construction: A Tale of Shifts and Imbalances Housing Sentiment Index Falls From All-Time High Latest Video Draghi disappoints, FOMC credibility on the line America's most expensive homes Rate hike closer than some think: Pro More News from 'Around the Web' CNBC - 4:22PM Most affordable housing markets: Better buy now! CNBC - 4:22PM Investors moving billions into real estate ahead of a big market change Bloomberg - 12:53PM Draghi Orders ECB to Review QE Program Amid Bond Scarcity Reuters - 12:53PM Wells Fargo settles fraud case with state, federal officials Reuters - 12:53PM SEC sues two former American Realty Capital officers CNBC - 12:52PM Wiping out housing's 'zombies': Banks sell off foreclosed remnants of crash Calculated Risk Blog - 12:52PM Las Vegas Real Estate in August: Sales up 10% YoY, Inventory down 15% Market Watch - 10:56AM September rate hike would break Fed tradition during election year Fannie Mae - 10:55AM Fannie Mae Exceeds $1.2 Billion in Green Multifamily ... freddiemac.mwnewsroom.com - 10:55AM Low Mortgage Rates Continue to Spur Refinancing Bloomberg - 10:55AM Bank of America: Here's One Way the ECB's Bond Buying Could Come to an End Bloomberg - 9:45AM Homebuilder PulteGroup Names New CEO to Replace Richard Dugas eyeonhousing.org - 9:45AM New Single-Family Homes Started in 2015 Have More Bedrooms CNBC - 9:45AM Number of jobless claims is falling, despite slower pace of job growth CNBC - 9:45AM Op-Ed: 3 reasons a Fed rate hike is off the table till 2017 CNBC - 8:25AM ECB leaves benchmark interest rate unchanged at 0.0 percent, keeps QE at current levels Today's Rates Best Execution Rate Change 30 Yr FRM 3.40% +0.02 15 Yr FRM 2.75% +0.02 FHA 30 Year Fixed 3.22% +0.02 Jumbo 30 Year Fixed 3.52% +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 3.44% 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 3.0 103.84 -0.19 30YR FNMA 3.5 105.42 -0.13 30YR GNMA 3.0 104.64 -0.19 30YR GNMA 3.5 106.17 -0.16 15YR FNMA 3.0 104.84 -0.05 15YR FNMA 2.5 103.44 -0.11 Treasuries Yield Change 2 YR 0.7740% +0.0360 5 YR 1.1801% +0.0600 10 YR 1.6007% +0.0667 30 YR 2.3044% +0.0717 Prices as of: 9/8/2016 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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