Daily Newsletter: Rates Break Even After Bumpy Start; Foreclosures Continue Falling; Mortgage Apps Improve

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30 Year Fixed 3.99%   +0.00 15 Year Fixed 3.24%   +0.00 10YR Treasury 2.21%   -0.0088 FNMA 30YR 3.5 103.30   -0.28 FNMA 15YR 2.5 103.48   -0.02 View Today's Rates

Wednesday December 9, 2015 Mortgage Rate Watch - 4:41PM Mortgage Rates Break Even After Bumpy Start Mortgage rates held steady for a second straight day, but only when considering the end-of-day rate sheets. The morning hours were similar on each of the past two days, with underlying ... MND NewsWire - 4:34PM Improved Employment, Rising Prices Credited with Falling Foreclosure Rates CoreLogic's October National Foreclosure Report puts the foreclosure inventory, the number of residential properties in process of foreclosure that month at 463,000. That is 1.2 percent ... MND NewsWire - 9:07AM Modest Uptick in Mortgage Apps Following Holiday Week Mortgage application volume was higher across the board during the week ended December 4 as activity rebounded from the essentially three-day work week that led up to the Thanksgiving ... Pipeline Press - 9:20AM MSR Valuation Discount; FDIC Litigation Update; New $2 Million Jumbo Loan Program Among other debt instruments the U.S. Treasury issues (auctions/sells) T-Bills (maturing in one year or less), T-Notes (2-10 year maturities), and T-Bonds (maturing further out than ... MBS MID-DAY: Bond Recover From Morning Weakness After 10yr Auction MBS Day Ahead: Bonds Doing What They Have Been Doing Ahead of Fed Meetings Latest Video Dollar versus yuan hits strongest point since 2011 Citi's four main themes for 2016 All-America Survey shows may be in for blue Christmas More News from 'Around the Web' Market Watch - 3:57PM The next question facing the Fed is whether there will be a rate hike in March Calculated Risk Blog - 2:09PM Hilsenrath: "Fed Plans to Signal Gradual, Cautious Path on Rate Hikes" www.cfpbmonitor.com - 1:06PM Ballard Spahr attorneys to conduct webinar sponsored by the American Banker and National Mortgage News on redlining fair lending claims Washington Post - 10:53AM Why it's so hard to afford a rental even if you make a decent salary Reuters - 10:53AM U.S. wholesale inventories weak, may hit fourth quarter GDP Market Watch - 8:14AM Larry Summers and two groups unite against the Fed's Yellen Bloomberg - 8:14AM Rental Prices Are Less Affordable Than Ever Calculated Risk Blog - 8:11AM EIA: Gasoline Prices expected to average $2.36/gal in 2016 Today's Rates Best Execution Rate Change 30 Yr FRM 3.99% +0.00 15 Yr FRM 3.24% +0.00 FHA 30 Year Fixed 3.70% +0.00 Jumbo 30 Year Fixed 3.82% +0.00 5/1 Yr ARM 3.00% +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% 0.49 -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 3.0 100.13 -0.27 30YR FNMA 3.5 103.30 -0.28 30YR GNMA 3.0 101.70 +0.06 30YR GNMA 3.5 104.36 -0.02 15YR FNMA 3.0 103.48 -0.02 15YR FNMA 2.5 101.34 +0.02 Treasuries Yield Change 2 YR 0.9230% -0.0120 5 YR 1.6397% -0.0247 10 YR 2.2147% -0.0088 30 YR 2.9667% +0.0047 Prices as of: 12/9/2015 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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