Daily Newsletter: Rates Hold 2-Month Lows; Flood Insurance Debate; CFPB on Construction; Applications Recover Holiday Losses

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30 Year Fixed 3.93%   +0.00 15 Year Fixed 3.18%   +0.00 10YR Treasury 2.07%   -0.0316 FNMA 30YR 3.5 103.84   +0.08 FNMA 15YR 2.5 103.67   +0.02 View Today's Rates

Wednesday January 13, 2016 Mortgage Rate Watch - 4:57PM Mortgage Rates Hold 2-Month Lows Mortgage rates held their ground today, keeping them near the lowest levels in more than 2 months. There were no major economic reports, but financial markets were highly active nonetheless ... MND NewsWire - 4:36PM Financial Services Committee Hearing Case For Flood Insurance Reform The House Committee on Financial Services held its second day of hearings on Wednesday regarding the National Flood Insurance Program (NFIP). NFIP was created by Congress in 1968 because ... Pipeline Press - 9:55AM CFPB on Construction Loans; Training and Events; FHLB mREIT News Dodd-Frank rules require public companies to provide their shareholders with an advisory vote (non-binding) on the compensation of the most highly compensated executives at least once ... MND NewsWire - 9:34AM Mortgage Applications Recover much of Holiday Loss The weekly mortgage application report from the Mortgage Bankers Association (MBA) was another recounting of a post-holiday rebound. Last Wednesday's catch up on application activity ... MBS Day Ahead: Potential Remains For Big, Serendipitous Swings FHFA Pulls Captive Insurance Company FHLBank Eligibility Latest Video Santelli: Rates drift lower Cashin: If there are further Chinese currency disruptions, Fed should rethink rates Santelli has his eyes on 10-year More News from 'Around the Web' Calculated Risk Blog - 3:54PM Sacramento Housing in December: Sales up 19.6%, Inventory down 28% YoY Bloomberg - 3:54PM The Peer-to-Peer Loan Industry Has Been Getting Slammed Market Watch - 3:54PM Fed's Beige Book shows continued modest pace of economic growth Market Watch - 3:13PM The Ratings Game: PulteGroup's stock a rare gainer in a bad day for the stock market Bloomberg - 12:25PM Gundlach to Summers Side With Bond Market Against Fed Rate Path PR Newswire - 12:15PM Unusual El Nino Weather May Increase Risk of Water Damage to Homes This Winter Bloomberg - 10:56AM Bigger, Beerier Bonds Are The New Front in Bond Market Liquidity Bloomberg - 10:56AM AB InBev Said to Market Debt to Help Finance SABMiller Takeover Calculated Risk Blog - 10:56AM Is Oil "Cheap"? Washington Post - 10:56AM More people bought homes in the D.C. area in 2015 than any year since the housing boom CNBC - 10:56AM A new housing crisis that may derail middle class Calculated Risk Blog - 12:51AM Phoenix Real Estate in December: Sales up 4%, Inventory down 8% CNBC - 12:15PM US to track luxury real estate market Today's Rates Best Execution Rate Change 30 Yr FRM 3.93% +0.00 15 Yr FRM 3.18% +0.00 FHA 30 Year Fixed 3.60% +0.00 Jumbo 30 Year Fixed 3.75% +0.01 5/1 Yr ARM 3.09% +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 4.20% 0.42 +0.01 15 Yr. Fixed 3.47% 0.31 +0.05 30 Yr. Jumbo 4.09% 0.35 +0.02 30 Yr. FHA 3.95% 0.41 -0.02 5/1 ARM 3.47% 0.31 +0.05 Freddie Mac ** 30 Yr. Fixed 3.97% 0.60 +0.01 15 Yr. Fixed 3.26% 0.50 +0.04 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 3.09% 0.50 +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 3.0 100.78 -0.05 30YR FNMA 3.5 103.84 +0.08 30YR GNMA 3.0 101.98 -0.09 30YR GNMA 3.5 104.72 +0.02 15YR FNMA 3.0 103.67 +0.02 15YR FNMA 2.5 101.66 +0.03 Treasuries Yield Change 2 YR 0.9073% -0.0203 5 YR 1.5154% -0.0245 10 YR 2.0734% -0.0316 30 YR 2.8530% -0.0316 Prices as of: 1/13/2016 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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