Daily Newsletter: New Post-Crisis Peak for Existing Home Sales; Rates Hit 3 Month Lows; Lurking Housing Bubble?

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30 Year Fixed 3.94%   -0.02 15 Year Fixed 3.20%   -0.01 10YR Treasury 2.07%   -0.0561 FNMA 30YR 3.5 104.05   +0.25 FNMA 15YR 2.5 103.91   +0.14 View Today's Rates

Thursday August 20, 2015 Mortgage Rate Watch - 7:01PM Mortgage Rates Hit 3 Month Lows Mortgage rates continued lower today, bringing most lenders to their best levels in more than 3 months. The average conventional 30yr fixed rate for top tier scenarios is now edging ... MND NewsWire - 11:00AM Another Post-Crisis Peak for Existing Home Sales While first-time buyers fell back, existing home sales scored their third consecutive monthly gain in July. The National Association of Realtors® (NAR) reports that completed sales ... MBS Commentary - 7:01PM MBS RECAP: Global Markets Shed Risk; Bonds Benefit It was a classic risk-off trade today, albeit with a certain level of exhaustion on the part of US bond markets. "Risk-off" means what it says: investors are moving money into less ... Pipeline Press - 9:03AM FDIC Goes After BNY Mellon; Agency Affordable Housing Goals Little Changed; Investor Updates I continue to hear about the overkill in paperwork as lenders attempt to cover their collective "assets" against potential liabilities. But that is only on factor, and MetaSource came ... MBS MID-DAY: Slight Extension of Gains Has Little to do with Econ Data MBS Day Ahead: The Fed's Data Dependent. Here Comes Some Data! Latest Video Lurking housing bubble? Futures Now: 10-year yield at 3-month low Fed sends mixed signals on interest rates More News from 'Around the Web' Market Watch - 6:15PM U.S. home repossessions reach 30-month high Bloomberg - 6:14PM Treasuries Extend Advance Amid Flight From Global Market Turmoil www.builderonline.com - 6:14PM Housing Costs Continue to Soar, CPI Shows CNBC - 6:13PM Markets dragged down by global meltdown fears CNBC - 3:25PM Shades of 1998 for global markets? www.npr.org - 3:24PM Greek PM Steps Down, Calls New Elections, In Wake Of Bailout Deal www.realtor.com - 1:41PM First-Time Buyers Aren't the Ones Snatching Up Homes Reuters - 12:16PM Allianz's El-Erian says Fed missed earlier chance to hike rates: CNBC CNBC - 12:16PM Fed rate speculation is getting crazy Bloomberg - 12:12PM Fannie, Freddie Risk-Transfer Bonds Give Investors a Scare Again CNBC - 10:26AM Existing home sales rise to 8-year high CNBC - 10:26AM El-Erian: Seeing a classical overshoot, starting in emerging markets freddiemac.mwnewsroom.com - 10:25AM 30-Year Fixed-Rate Mortgage Remains Below Four Percent www.realtor.com - 8:46AM It's Time to Stop Hating on the McMansion CNBC - 8:43AM Williams: Hikes to pop bubbles 'costly' The Atlantic - 8:43AM A Housing Crisis Amid Tens of Thousands of Abandoned Homes Bloomberg - 8:43AM Manhattan's Property Boom Pushes Landlords to Sell Early Reuters - 8:41AM Jobless claims up slightly; labor market still improving Today's Rates Best Execution Rate Change 30 Yr FRM 3.94% -0.02 15 Yr FRM 3.20% -0.01 FHA 30 Year Fixed 3.60% -0.05 Jumbo 30 Year Fixed 3.73% -0.02 5/1 Yr ARM 2.96% -0.01 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 4.11% 0.37 -0.02 15 Yr. Fixed 3.37% 0.36 -0.02 30 Yr. Jumbo 4.03% 0.29 -0.05 30 Yr. FHA 3.88% 0.17 -0.06 5/1 ARM 2.98% 0.40 -0.13 Freddie Mac ** 30 Yr. Fixed 3.93% 0.60 -0.01 15 Yr. Fixed 3.15% 0.60 -0.02 1 Yr. ARM 2.62% 0.30 +0.00 5/1 Yr. ARM 2.94% 0.50 +0.01 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 3.0 100.97 +0.27 30YR FNMA 3.5 104.05 +0.25 30YR GNMA 3.0 101.64 +0.13 30YR GNMA 3.5 104.30 +0.13 15YR FNMA 3.0 103.91 +0.14 15YR FNMA 2.5 101.69 +0.17 Treasuries Yield Change 2 YR 0.6534% -0.0080 5 YR 1.4704% -0.0312 10 YR 2.0713% -0.0561 30 YR 2.7437% -0.0678 Prices as of: 8/20/2015 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. © 2015 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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