Daily Newsletter: Rates Hold Ground at Lows; Mortgage Apps Stay Flat; China Continues Moving Markets

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30 Year Fixed 3.96%   +0.01 15 Year Fixed 3.21%   +0.00 10YR Treasury 2.15%   +0.0071 FNMA 30YR 3.5 103.75   -0.25 FNMA 15YR 2.5 103.88   +0.06 View Today's Rates

Wednesday August 12, 2015 Mortgage Rate Watch - 5:44PM Mortgage Rates Hold Ground at Multi Month Lows Mortgage rates were lower at first today, but most lenders sent out negative reprices in the afternoon, bringing rates back to unchanged levels. The bond markets that underlie mortgage ... MND NewsWire - 9:06AM Mortgage Application Volume Nearly as Flat as Rates There was virtually no change in the overall volume of mortgage applications during the week ended August 7 compared to the previous week, mirroring similar week-over-week movement ... MBS Commentary - 1:19PM MBS MID-DAY: Another Overnight China-Inspired Rally, but Some Push-Back After Auction Global markets' courtship phase with China's currency devaluation continued benefiting Treasuries overnight. While there was a slow, steady move back toward higher yields during the ... Pipeline Press - 11:37AM MI Update; Upcoming Events; Company Earnings Speak to Housing/Mortgage Market Health ”Rob, I've heard that the fines that a company pays to the CFPB are tax deductible. So therefore the money is just transferred from one government agency to another. True?" Fines ... MBS Day Ahead: 2015's Higher Rate Rhetoric Beginning to Unravel Employment, Home Price Gains Improving Foreclosure Picture Latest Video Santelli Exchange: Global debt crisis The battle between stability and market forces: Pro JOLTS: 5.249M job openings end of June More News from 'Around the Web' CNBC - 4:45PM Market changes mind, again, about Fed Calculated Risk Blog - 4:40PM Sacramento Housing in July: Sales up 12%, Inventory down 11% YoY www.wellsfargo.com - 2:49PM Wells Fargo Third Quarter 2015 Earnings Information WSJ - 2:49PM Who May Get a Boost From New Overtime Rules Bloomberg - 2:48PM Wells Fargo Mortgage Chief Heid to Retire, Codel Promoted CNBC - 12:50PM McCulley to Fed: No more excuses Bloomberg - 11:27AM Here's the Recent History of the Chinese Yuan in One Big Chart CNBC - 11:24AM US job openings change little in June CNBC - 11:08AM Dudley: Policy can't fix labor market CNBC - 9:01AM Fed faces difficulty as yuan falls: Doll WSJ - 8:46AM Did the Mortgage-Fee Cut Help Borrowers? Reuters - 12:32AM Asia extends losses after shock yuan devaluation, dollar sought CNBC - 12:31AM China central bank yuan fix weakest since 2012 Calculated Risk Blog - 12:26AM Wednesday: Job Openings Today's Rates Best Execution Rate Change 30 Yr FRM 3.96% +0.01 15 Yr FRM 3.21% +0.00 FHA 30 Year Fixed 3.65% +0.00 Jumbo 30 Year Fixed 3.75% +0.01 5/1 Yr ARM 2.99% +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 4.23% 0.34 +0.00 15 Yr. Fixed 3.43% 0.34 +0.00 30 Yr. Jumbo 4.16% 0.33 -0.04 30 Yr. FHA 4.00% 0.17 -0.02 5/1 ARM 3.08% 0.41 -0.05 Freddie Mac ** 30 Yr. Fixed 3.91% 0.60 -0.07 15 Yr. Fixed 3.13% 0.60 -0.04 1 Yr. ARM 2.54% 0.30 +0.02 5/1 Yr. ARM 2.95% 0.40 +0.00 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 3.0 100.56 -0.31 30YR FNMA 3.5 103.75 -0.25 30YR GNMA 3.0 101.73 -0.08 30YR GNMA 3.5 104.45 -0.02 15YR FNMA 3.0 103.88 +0.06 15YR FNMA 2.5 101.59 +0.06 Treasuries Yield Change 2 YR 0.6651% -0.0120 5 YR 1.5200% -0.0050 10 YR 2.1480% +0.0071 30 YR 2.8366% +0.0652 Prices as of: 8/12/2015 4:29PM 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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