Daily Newsletter: Mortgage Rates at 3.5 Percent; Strong Increase in New Home Sales; Yellen Discusses Negative Rates

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30 Year Fixed 3.55%   -0.06 15 Year Fixed 2.90%   -0.05 10YR Treasury 1.66%   -0.0210 FNMA 30YR 3.5 104.95   0.00 FNMA 15YR 2.5 104.61   -0.02 View Today's Rates

Thursday February 11, 2016 Mortgage Rate Watch - 5:22PM Mortgage Rates at 3.5 Percent Mortgage rates were widely available at 3.5 percent for much of the day today. At any other time from the middle of 2013 through the end of 2015, that's not something that very many ... MND NewsWire - 6:57PM MBA Sees Strong Increase in New Home Sales The Mortgage Bankers Association's (MBA's) early estimate of new home sales for January projects a 14 percent increase compared to December. MBA bases its number on mortgage application ... Pipeline Press - 9:39AM Blackstone Expands; Basel's Impact on Banks; Vendor Management; Good and Bad News About Rates What's this? Fifty five thousand residents in one mile-high building? Doesn't Tokyo have earthquakes? Let's hope not everyone wants hot water at the same time! Everyone makes mistakes ... MBS Commentary - 7:34AM MBS Day Ahead: Yellen Speaks Again, But Bonds Left Their Heart in Europe Stocks and bond yields ignited a fiery romance in 2016, not letting each other out of sight for almost the entire month of January. That is to say, not only were stocks and bond yields ... HUD Budget Targets Ending Homelessness among Families Refi Demand Surges Amid Falling Rates -MBA Latest Video Mortgage apps jump 10% on sharp interest rate drop: MBA Survey Santelli grades 30-year bond auction A global recession won't touch the US: Kovacevich More News from 'Around the Web' Bloomberg - 6:19PM Worldwide Banking Debt Vortex Sucks In Strongest Lenders' Bonds Reuters - 4:06PM What's behind the global stock market selloff? CNBC - 4:06PM Explained: Fallout from negative rates Market Watch - 2:33PM The Fed: Fed didn't cause market selloff, Yellen says Bloomberg - 2:33PM Yellen Says Fed Evaluating Possibility of Negative Rates www.npr.org - 12:22PM Morgan Stanley Will Pay $3.2 Billion For Contributing To Mortgage Crisis freddiemac.mwnewsroom.com - 12:21PM Mortgage Rates Down Again, Hovering Just Above 2015 Lows Bloomberg - 12:20PM Bond Traders Abandon Fed Hike Bets as Divergence Trade Crumbles CNBC - 12:19PM Yellen: There's 'always some chance of recession' CNBC - 12:19PM Yellen: Dollar, oil moves a surprise Reuters - 12:19PM As market rout continues, Yellen sticks to her guns CNBC - 8:56AM Traders: No rate hike until at least 2018 Calculated Risk Blog - 8:56AM Weekly Initial Unemployment Claims decrease to 269,000 Bloomberg - 8:54AM These Renters Were Hit Hardest by the Financial Crisis CNBC - 8:54AM Investors flock to safe haven trades Reuters - 8:54AM Futures slump as global growth worries resurface Today's Rates Best Execution Rate Change 30 Yr FRM 3.55% -0.06 15 Yr FRM 2.90% -0.05 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.41% -0.04 5/1 Yr ARM 2.85% -0.03 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 3.91% 0.41 -0.06 15 Yr. Fixed 3.18% 0.38 -0.04 30 Yr. Jumbo 3.76% 0.30 -0.08 30 Yr. FHA 3.72% 0.33 -0.08 5/1 ARM 2.96% 0.30 -0.04 Freddie Mac ** 30 Yr. Fixed 3.65% 0.50 -0.07 15 Yr. Fixed 2.95% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.83% 0.40 -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 3.0 102.86 +0.08 30YR FNMA 3.5 104.95 0.00 30YR GNMA 3.0 103.94 +0.19 30YR GNMA 3.5 105.38 -0.17 15YR FNMA 3.0 104.61 -0.02 15YR FNMA 2.5 102.81 +0.05 Treasuries Yield Change 2 YR 0.6619% -0.0321 5 YR 1.1333% +0.0031 10 YR 1.6590% -0.0210 30 YR 2.5033% +0.0049 Prices as of: 2/11/2016 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. © 2016 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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