Daily Newsletter: Mortgage Production Profits; Rates Steady; ARMs a Drag on Credit Access; Impact of Rate Hike

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30 Year Fixed 3.99%   +0.01 15 Year Fixed 3.24%   +0.01 10YR Treasury 2.22%   -0.0123 FNMA 30YR 3.5 103.58   +0.08 FNMA 15YR 2.5 103.50   0.00 View Today's Rates

Tuesday December 8, 2015 MND NewsWire - 6:48PM Mortgage Production Profits Down in Q4, Still Much Higher Year-Over-Year Per-loan profitability fell in the third quarter of 2015 the Mortgage Bankers Association. (MBA) said today, but remained substantially above those profits a year earlier. Independent ... Mortgage Rate Watch - 5:17PM Mortgage Rates Hold Steady Mortgage rates held steady today after spending the past 2 business days recovering from the worst day in more than 2 years last Thursday. As we discussed yesterday, those 2 days of ... MND NewsWire - 6:39PM ARM Programs Drive Slight Dip in Credit Access Credit availability decreased in November for the first time since early summer. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) eased back ... Pipeline Press - 10:43AM Capital Market News; Primer on The Impact of a Short-Term Rate Increase "I remember the words to every song from the 1970s, but I forgot why I walked into this room..." Memory is a funny thing. But remember when it was an unwritten rule that men made more ... MBS MID-DAY: Bonds Bounce Back After Morning Weakness MBS Day Ahead: Absence of Market Movers Causes Search to Intensify Latest Video Why bonds are about to surge: Pro Oil leading market like a snake charmer: Cashin Timing Fed's rate hikes More News from 'Around the Web' www.npr.org - 4:36PM If You Build Affordable Housing For Teachers, Will They Come? Calculated Risk Blog - 2:12PM The Future's so Bright ... National Housing Conference - 12:48PM Housing provisions in the highway transportation funding bill Market Watch - 10:57AM The Wall Street Journal: House Republican bill includes REIT-spinoff ban Fannie Mae - 10:55AM Fannie Mae Announces Technology Release to Help Additional Struggling Borrowers CNBC - 9:03AM Oil falls below $37 toward 7-year low CNBC - 9:03AM Congress is playing with fire over Fed CNBC - 8:59AM Home Depot reaffirms outlook ... with eye on dollar Bloomberg - 2:54AM Are Investors Underestimating the Impact of a Fed Hike? www.cfpbmonitor.com - 2:54AM Congressional report chronicles and criticizes CFPB auto finance ECOA enforcement activity CNBC - 2:53AM With dearth of data, traders watch T-bills, junk bonds Bloomberg - 2:52AM Never Mind the Fed as Tumbling Oil Drives Long-Term Bonds Higher Today's Rates Best Execution Rate Change 30 Yr FRM 3.99% +0.01 15 Yr FRM 3.24% +0.01 FHA 30 Year Fixed 3.70% +0.02 Jumbo 30 Year Fixed 3.82% +0.01 5/1 Yr ARM 2.99% +0.02 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.45% 1.20 -0.01 30 Yr. Fixed 4.12% 1.43 -0.05 MBA ** 30 Yr. Fixed 4.14% 0.49 -0.04 15 Yr. Fixed 3.39% 0.43 -0.01 30 Yr. Jumbo 3.99% 0.30 -0.06 30 Yr. FHA 3.87% 0.49 -0.03 5/1 ARM 3.19% 0.38 +0.01 Freddie Mac ** 30 Yr. Fixed 3.93% 0.60 -0.02 15 Yr. Fixed 3.16% 0.50 -0.02 1 Yr. ARM 2.61% 0.30 +0.02 5/1 Yr. ARM 2.99% 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 3.0 100.39 +0.06 30YR FNMA 3.5 103.58 +0.08 30YR GNMA 3.0 101.64 +0.05 30YR GNMA 3.5 104.38 +0.02 15YR FNMA 3.0 103.50 0.00 15YR FNMA 2.5 101.33 +0.05 Treasuries Yield Change 2 YR 0.9350% +0.0001 5 YR 1.6644% -0.0148 10 YR 2.2235% -0.0123 30 YR 2.9620% -0.0031 Prices as of: 12/8/2015 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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