Daily Newsletter: Mortgage Rates Near Recent Lows After Fed Minutes; Loan Closing Rate Highest in 4 Years; HELOCs Making a Comeback

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30 Year Fixed 3.96%   -0.05 15 Year Fixed 3.21%   -0.04 10YR Treasury 2.13%   -0.0687 FNMA 30YR 3.5 103.80   +0.38 FNMA 15YR 2.5 103.77   +0.25 View Today's Rates

Wednesday August 19, 2015 Mortgage Rate Watch - 7:40PM Mortgage Rates Near Recent Lows After Fed Minutes Mortgage rates dropped today --largely in response to the release of the Minutes from the most recent Fed meeting. The Minutes don't convey any policy decisions (i.e. no rate changes ... MND NewsWire - 7:58PM Ellie Mae says Loan Closing Rate Highest in Four Years Ellie Mae said this week that the closing rate for purchase mortgages reached 70.7 percent in July up from 69.0 in June. This is the highest rate since the company started tracking ... MBS Commentary - 7:37PM MBS RECAP: Bonds Surge After Surprisingly Friendly FOMC Minutes I'm not going to launch into a detailed assessment of every passage in today's FOMC Minutes. Instead, I'm going to talk about how the Fed has been making me feel, and how today's FOMC ... Pipeline Press - 9:10AM Agency Updates; HELOC Interest Among Borrowers Yesterday the commentary noted how jumbo lending was alive and well, at least for depository banks. Zillow recently analyzed what areas would be more likely to require a jumbo mortgage ... MBS MID-DAY: Back in Positive Territory and Staying Range-Bound Ahead of Fed Lackluster Purchase Activity Boosts Refi Share MBS Day Ahead: Time to Find Out If The Fed Matters Latest Video Fed will still move in September: David Kelly Fed July meeting minutes 10-year headed back under 2%: Mark Grant More News from 'Around the Web' Reuters - 5:27PM Bank of NY Mellon sued by FDIC over $2 billion in soured mortgages freddiemac.mwnewsroom.com - 5:26PM Update - Freddie Mac Prices $1.2 Billion Multifamily K-Deal Backed by Seasoned Loans Federal Reserve - 2:58PM Minutes of the Federal Open Market Committee, July 28-29, 2015 Market Watch - 2:58PM The Fed: Fed majority says time for rate hike 'approaching,' minutes show Reuters - 2:57PM U.S. housing regulator targets more support for poor borrowers CNBC - 2:57PM Chair Yellen, please take a victory lap! www.builderonline.com - 12:23PM Condo Nation? Housing Recovery Fueled by Renters CNBC - 12:22PM Did Fed get red light for rate hike? www.realtor.com - 12:22PM Size of New Homes in U.S. Shrinks by One Closet CNBC - 10:40AM Rate hike, shmate hike. Bull won't stop: Ed Yardeni CNBC - 10:40AM Wal-Mart: One reason the Fed should not hike rates CNBC - 8:41AM US consumer prices up; shelter costs up solidly CNBC - 8:40AM Refinancing pushes mortgage applications up 3.6% Reuters - 8:40AM Home improvement chain Lowe's sales rise 4.5 percent www.realtor.com - 8:40AM As the Season Changes, Opportunity Arises for First-Time Buyers The Atlantic - 8:39AM The Uneven Success of America's Housing Policy CNBC - 8:38AM Fed won't signal hike: Strategist www.npr.org - 1:40AM Ever Since The Great Recession, Zombie Houses Have Haunted New Jersey Today's Rates Best Execution Rate Change 30 Yr FRM 3.96% -0.05 15 Yr FRM 3.21% -0.04 FHA 30 Year Fixed 3.65% -0.05 Jumbo 30 Year Fixed 3.75% -0.05 5/1 Yr ARM 2.97% -0.03 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.26% 1.25 -0.06 30 Yr. Fixed 3.90% 1.28 -0.03 MBA ** 30 Yr. Fixed 4.13% 0.31 +0.00 15 Yr. Fixed 3.39% 0.38 +0.03 30 Yr. Jumbo 4.08% 0.34 +0.00 30 Yr. FHA 3.94% 0.22 -0.02 5/1 ARM 3.11% 0.32 +0.09 Freddie Mac ** 30 Yr. Fixed 3.94% 0.60 +0.03 15 Yr. Fixed 3.17% 0.60 +0.04 1 Yr. ARM 2.62% 0.30 +0.08 5/1 Yr. ARM 2.93% 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 3.0 100.70 +0.47 30YR FNMA 3.5 103.80 +0.38 30YR GNMA 3.0 101.52 +0.19 30YR GNMA 3.5 104.17 +0.16 15YR FNMA 3.0 103.77 +0.25 15YR FNMA 2.5 101.52 +0.34 Treasuries Yield Change 2 YR 0.6614% -0.0607 5 YR 1.5016% -0.0805 10 YR 2.1274% -0.0687 30 YR 2.8115% -0.0479 Prices as of: 8/19/2015 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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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