Daily Newsletter: Mortgage Rates Slightly Lower Ahead of Holiday Week; Reevaluating Homeownership; W2 vs 1099

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30 Year Fixed 4.02%   -0.02 15 Year Fixed 3.25%   -0.01 10YR Treasury 2.20%   -0.0282 FNMA 30YR 3.5 103.27   +0.19 FNMA 15YR 2.5 103.20   +0.17 View Today's Rates

Friday December 18, 2015 Mortgage Rate Watch - 4:44PM Mortgage Rates Slightly Lower Ahead of Holiday Week Mortgage rates maintained their paradoxical descent following this week's Fed rate hike. The paradox can be accounted-for in several ways, but the easiest is to say that bond markets ... MND NewsWire - 3:15PM Should We Reevaluate The Ideal of Homeownership? Should national housing policy move beyond its traditional emphasis on homeownership to focus more broadly on "shelter?" Faith Schwartz, CoreLogic Senior Vice President, presents that ... Pipeline Press - 10:51AM 1099 vs. W-2 for MLO comp - Which Won't Land You in Hot Water? Few people grow up wanting to be an LO or a capital markets gal. But plenty grow up wanting to be astronauts. Ever wondered what an astronaut earns, and what the job description looks ... MBS Commentary - 5:40PM MBS RECAP: Uneventful Rally as Holiday Trading Sets In Low volume sets in for holidays Asian markets shed risk on China/Japan headlines Another new multi-year low for oil stocks slide all of the above + year-end balance sheet considerations ... MBS Day Ahead: Market Theme to Shift From Fed to Holidays Fannie Mae Survey Points to Credit Easing Latest Video The lower-for-longer theme: Pisani NYT's Stewart: Junk bond rout that wasn't Economic expectations & volatility More News from 'Around the Web' Federal Reserve - 3:43PM 2015-110: Risky Mortgages, Bank Leverage and Credit Policy Bloomberg - 1:47PM Treasury Volatility Falls as Greenspan Says Uncertainty Removed Calculated Risk Blog - 1:47PM What I like to see: Agencies Issue Statement on CRE Loans CNBC - 1:46PM Home mortgage lenders easing up on home loans Calculated Risk Blog - 12:05PM BLS: Unemployment Rate decreased in 27 States in November The Atlantic - 11:53AM The Distance Between Affordable Housing and Jobs Reuters - 10:01AM Fed to raise rates again in March, follow up with fewer hikes: poll Bloomberg - 10:01AM Could US Economy Face a Downturn in 2016? CNBC - 9:47AM House passes $1.15 trillion spending bill Bloomberg - 9:47AM Fed Raised Rates Without a Hitch, and It Only Took $105 Billion www.cfpbmonitor.com - 8:07AM CFPB outlines exam priorities for 2016 CNBC - 8:07AM Real estate CEO: Fed move 'very encouraging' Calculated Risk Blog - 8:04AM FNC: Residential Property Values increased 5.9% year-over-year in October CNBC - 8:03AM Yellen will 'go down in infamy': SocGen bear Today's Rates Best Execution Rate Change 30 Yr FRM 4.02% -0.02 15 Yr FRM 3.25% -0.01 FHA 30 Year Fixed 3.75% +0.00 Jumbo 30 Year Fixed 3.84% -0.02 5/1 Yr ARM 2.97% -0.01 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% 0.45 +0.00 15 Yr. Fixed 3.39% 0.35 +0.00 30 Yr. Jumbo 4.01% 0.30 -0.01 30 Yr. FHA 3.90% 0.31 -0.01 5/1 ARM 3.25% 0.36 +0.02 Freddie Mac ** 30 Yr. Fixed 3.97% 0.60 +0.02 15 Yr. Fixed 3.22% 0.50 +0.03 1 Yr. ARM 2.67% 0.20 +0.03 5/1 Yr. ARM 3.03% 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 3.0 100.17 +0.25 30YR FNMA 3.5 103.27 +0.19 30YR GNMA 3.0 101.56 +0.27 30YR GNMA 3.5 104.22 +0.23 15YR FNMA 3.0 103.20 +0.17 15YR FNMA 2.5 100.97 +0.20 Treasuries Yield Change 2 YR 0.9522% -0.0403 5 YR 1.6729% -0.0313 10 YR 2.2005% -0.0282 30 YR 2.9173% -0.0156 Prices as of: 12/18/2015 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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