Daily Newsletter: Mortgage Rates Deep Into The 3's After Weak Economic Data; Mortgage Apps Plummet

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30 Year Fixed 3.83%   -0.04 15 Year Fixed 3.09%   -0.04 10YR Treasury 1.98%   -0.0668 FNMA 30YR 3.5 104.56   +0.30 FNMA 15YR 2.5 104.52   +0.23 View Today's Rates

Wednesday October 14, 2015 Mortgage Rate Watch - 5:13PM Mortgage Rates Drop After Weak Economic Data Mortgage rates dropped quickly today, getting them much of the way back to lows seen at the beginning of the month. For context, there has only been one day in the past 5 months with ... Pipeline Press - 10:42AM Risk Sharing Update; Condo Lending; MSA News Interpretation Where are the residential refis coming from? I hear that there is the usual mix of rate & term (as ARM loans adjust, or borrowers actually look at current rates) and cash out. Sure ... MND NewsWire - 9:12AM Mortgage App Surge Exciting while it Lasted Mortgage applications thus far in October's have scored a net gain of... just about nothing, falling almost perfect victim to Newton's Third Law last week. Following the week ended ... MBS Commentary - 2:34PM MBS MID-DAY: Bonds Increasingly Calling Stock Market Bluff Even a slew of corporate bond issuance isn't holding back bond markets from another strong move lower in yield today. In fact, in a break from the recent norm, we've seen bond yields ... MBS Day Ahead: Retail Sales and PPI Make for Strong Start CoreLogic Points to Dichotomy in Foreclosure Numbers Latest Video Mortgage applications plunged nearly 28 percent last week Santelli: Retail sales numbers 'not kind' Santelli & Art Cashin get real on the Fed More News from 'Around the Web' www.realtor.com - 3:52PM Seems Like Americans Are Getting Happy About Housing Again Calculated Risk Blog - 3:52PM Fed's Beige Book: "Modest Expansion in Economic Activity" Bloomberg - 1:36PM Bond Market Now Divided Over Whether Fed Will Even Lift in March CNBC - 1:27PM Consumers shutting down as US economy deflates CNBC - 11:46AM JPMorgan slashes Q3 GDP estimate to 1 pct from 1.5 pct on weak data www.realtor.com - 10:22AM This $725M Ranch Puts Our Most Expensive Megamansion to Shame Reuters - 8:54AM U.S. retail sales barely rise, dented by lower gasoline receipts CNBC - 8:54AM Lower energy weighs on producer prices Bloomberg - 8:27AM It's Quantitative Easing, Europe, But Not as We've Known It Calculated Risk Blog - 8:27AM NBER Paper: "Strategic default rarely occurs" CNBC - 8:26AM US Treasury yields fall as China, earnings weigh Reuters - 7:52AM BofA posts quarterly profit as expenses fall CNBC - 7:52AM Mortgage volume gives back big gains, down 28% Today's Rates Best Execution Rate Change 30 Yr FRM 3.83% -0.04 15 Yr FRM 3.09% -0.04 FHA 30 Year Fixed 3.50% +0.00 Jumbo 30 Year Fixed 3.60% -0.05 5/1 Yr ARM 2.91% -0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.49% 1.29 +0.13 30 Yr. Fixed 4.20% 1.45 +0.16 MBA ** 30 Yr. Fixed 4.08% 0.45 -0.01 15 Yr. Fixed 3.29% 0.41 -0.02 30 Yr. Jumbo 3.96% 0.35 -0.03 30 Yr. FHA 3.87% 0.34 -0.01 5/1 ARM 2.95% 0.41 +0.00 Freddie Mac ** 30 Yr. Fixed 3.76% 0.60 -0.09 15 Yr. Fixed 2.99% 0.60 -0.08 1 Yr. ARM 2.55% 0.20 +0.02 5/1 Yr. ARM 2.88% 0.40 -0.03 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 3.0 101.77 +0.41 30YR FNMA 3.5 104.56 +0.30 30YR GNMA 3.0 102.59 +0.41 30YR GNMA 3.5 105.16 +0.30 15YR FNMA 3.0 104.52 +0.23 15YR FNMA 2.5 102.42 +0.27 Treasuries Yield Change 2 YR 0.5567% -0.0603 5 YR 1.2755% -0.0766 10 YR 1.9771% -0.0668 30 YR 2.8359% -0.0468 Prices as of: 10/14/2015 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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