Daily Newsletter: Conforming Loan Limit Raised; Rates Near 2-Year Highs; Jumbo/Purchase Apps Surge; New Home Sales Ebb

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30 Year Fixed 4.18%   +0.08 15 Year Fixed 3.38%   +0.05 10YR Treasury 2.36%   +0.0397 FNMA 30YR 3.5 102.53   -0.33 FNMA 15YR 2.5 102.77   -0.27 View Today's Rates

Wednesday November 23, 2016 MND NewsWire - 3:47PM FHFA Ups Conforming Loan Limit to $424,100 After leaving them in a holding pattern for 10 long years the Federal Housing Finance Agency (FHFA) has raised conforming loan limits for mortgages acquired by Fannie Mae and Freddie ... Mortgage Rate Watch - 4:36PM Mortgage Rates Quickly Approach 2-Year Highs Mortgage rates move abruptly higher today, bringing the average lender very close to the highest levels in more than 2 years. As it stands, rates are officially at 17-month highs, with ... MND NewsWire - 9:52AM Purchase Apps Surge, Driven by Jumbos Purchase mortgage application activity picked up significantly during the week ended November 18. The Mortgage Bankers Association said its Market Composite Index, a measure of application ... MND NewsWire - 10:49AM New Home Sales Backing Down From Recent Highs New home sales failed to build on their September momentum, although the October downturn was not a large one. The Census Bureau and the Department of Housing and Urban Development ... FHFA Home Price Deceleration was Short-Lived Ben Carson at HUD? More on PHH v. CFPB; Vendor Management Vendor Updates; Refis Continue to Drop MBS Day Ahead: Not Christmas Yet, But Snowballs Already Rolling Latest Video Bond market has changed its mind about future: Insana New home sales down 1.9% in October Consumer sentiment index at 93.8 in November More News from 'Around the Web' Reuters - 3:54PM Fed policymakers confident of need for rate hikes on eve of Trump win Calculated Risk Blog - 3:52PM FOMC Minutes: "Appropriate to raise the target range for the federal funds rate relatively soon" www.realtor.com - 3:49PM The 20 Hottest U.S. Real Estate Markets for November 2016 Market Watch - 1:50PM It's time for investors to open their eyes to the trouble in bond ETFs www.redfin.com - 1:50PM 5 Home Projects Under $1,000 That Will Save You Money On Bills This Winter Calculated Risk Blog - 1:49PM A few Comments on October New Home Sales CNBC - 1:49PM Mortgages limits for Fannie, Freddie to increase for the first time in a decade FHFA - 11:21AM FHFA Announces Increase in Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac in 2017 freddiemac.mwnewsroom.com - 10:37AM Mortgage Rates Move Higher Headed into Holiday Weekend CNBC - 10:37AM Consumer sentiment index hits 93.8 in November vs 91.6 estimate Reuters - 8:50AM U.S. durable goods orders rebound, shipments rising Reuters - 8:50AM Jobless claims rebound from 43-year low, labor market still firming Reuters - 8:49AM Ben Carson offered HUD post, will consider it: Carson spokesman Today's Rates Best Execution Rate Change 30 Yr FRM 4.18% +0.08 15 Yr FRM 3.38% +0.05 FHA 30 Year Fixed 3.80% +0.05 Jumbo 30 Year Fixed 4.25% +0.02 5/1 Yr ARM 3.06% +0.01 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.05% 1.21 -0.03 30 Yr. Fixed 3.74% 1.37 -0.06 MBA ** 30 Yr. Fixed 3.66% 0.33 -0.04 15 Yr. Fixed 2.95% 0.38 -0.04 30 Yr. Jumbo 3.64% 0.28 -0.05 30 Yr. FHA 3.52% 0.21 -0.04 5/1 ARM 2.92% 0.40 -0.07 Freddie Mac ** 30 Yr. Fixed 3.94% 0.50 +0.37 15 Yr. Fixed 3.14% 0.50 +0.26 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.07% 0.40 +0.19 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 99.38 -0.45 30YR FNMA 3.5 102.53 -0.33 30YR GNMA 3.0 101.06 -0.39 30YR GNMA 3.5 103.89 -0.28 15YR FNMA 3.0 102.77 -0.27 15YR FNMA 2.5 100.33 -0.36 Treasuries Yield Change 2 YR 1.1307% +0.0357 5 YR 1.8354% +0.0576 10 YR 2.3552% +0.0397 30 YR 3.0223% +0.0203 Prices as of: 11/23/2016 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

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