Daily Newsletter: Rude Awakening for Global Markets; Rates Little-Helped; Home Prices Near 2006 Peaks; Fannie Survey

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30 Year Fixed 3.90%   -0.03 15 Year Fixed 3.16%   -0.03 10YR Treasury 2.01%   -0.0348 FNMA 30YR 3.5 104.23   +0.17 FNMA 15YR 2.5 104.03   +0.11 View Today's Rates

Monday August 24, 2015 MBS Commentary - 11:40AM MBS MID-DAY: Rude Awakening for Global Markets; Big Swings Everywhere You know how that Monday morning alarm clock can be the most- well... 'alarming' of the week? It's not that different for the opening bells of various financial markets. This week's ... Mortgage Rate Watch - 5:37PM Mortgage Rates Little-Helped by Market Turmoil Mortgage rates did manage to move lower again today. And that move does bring them to the best levels in more than 3 months. But apart from that, the day was a bit of a let-down. Here ... MND NewsWire - 11:45AM Home Prices Close in on 2006 Peaks Black Knight Financial Services said on Monday that as of the end of June home prices nationally had returned to within 5.8 percent of their peak exactly nine years earlier. The company ... MND NewsWire - 3:41PM Expectations for Economy, Housing Subdued in 2nd Half Fannie Mae's economic team said on Monday that the economic outlook for the second half of 2015 is less upbeat than anticipated. Second quarter economic growth came in lower than expected ... MBS RECAP: Bond Markets Back to 'Preparing For Worst' TRID Buyback Risk Webinar; Student Debt Figures; Richard Cordray on MSAs MBS Week Ahead: Global Markets Still Searching For Bottom Latest Video What's the Fed to do? European markets close: Germany down 22% Markets attempt big comeback More News from 'Around the Web' CNBC - 4:46PM Rieder: 'Window is closing' on Fed Bloomberg - 4:43PM Fed's Lockhart Says Planned Rate Hike Complicated by China CNBC - 2:23PM Gundlach: US equities face another major leg down www.realtor.com - 2:23PM Is China's Falling Stock Market Good for American Homebuyers? Fannie Mae - 12:34PM Economic Growth Outlook Less Upbeat for the Second Half of the Year CNBC - 12:31PM Fed bond bubble: A good deal right now Bloomberg - 10:43AM NYSE Will Suspend Stock Trading If S&P 500 Index Plunges 7% Market Watch - 10:43AM 3 reasons stocks are tanking Calculated Risk Blog - 10:43AM Chicago Fed: Index shows "Economic growth picked up in July" Bloomberg - 10:42AM US Markets Selloff at Open as S&P 500 Corrects www.builderonline.com - 9:08AM Bidding Wars Hold Back First-Time Buyers, Coldwell Banker CEO Says Calculated Risk Blog - 8:50AM Black Knight's First Look at July: Foreclosure Inventory at Lowest Level Since 2007 Bloomberg - 8:50AM Property Brokers Falter as Real Estate Boom Seen Cooling www.realtor.com - 8:50AM Winter-Weary Home Buyers Heading to Florida Bloomberg - 8:50AM BlackRock Said to Start Financing Rental-Home Investors CNBC - 8:49AM US Treasurys see safe-haven buying amid global sell off Bloomberg - 8:49AM Haunted by Deflation Omen, Bond Traders Warn Fed of Rate Misstep Reuters - 8:48AM Great fall of China sinks world stocks, dollar tumbles Today's Rates Best Execution Rate Change 30 Yr FRM 3.90% -0.03 15 Yr FRM 3.16% -0.03 FHA 30 Year Fixed 3.55% -0.05 Jumbo 30 Year Fixed 3.70% -0.02 5/1 Yr ARM 2.98% +0.02 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 3.0 101.28 +0.25 30YR FNMA 3.5 104.23 +0.17 30YR GNMA 3.0 101.95 +0.19 30YR GNMA 3.5 104.42 +0.14 15YR FNMA 3.0 104.03 +0.11 15YR FNMA 2.5 101.88 +0.14 Treasuries Yield Change 2 YR 0.5802% -0.0448 5 YR 1.3800% -0.0540 10 YR 2.0139% -0.0348 30 YR 2.7361% -0.0030 Prices as of: 8/24/2015 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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