Daily Newsletter: Mortgage Rates Jump; Overtime Rule Could Hurt Balance Sheets; FHA's Atta-Boy

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30 Year Fixed 3.66%   +0.11 15 Year Fixed 2.98%   +0.08 10YR Treasury 1.74%   +0.0771 FNMA 30YR 3.5 104.70   -0.25 FNMA 15YR 2.5 104.45   -0.16 View Today's Rates

Friday February 12, 2016 Mortgage Rate Watch - 3:47PM Mortgage Rates Jump Higher From Long-Term Lows Mortgage rates rose rapidly today, relative to their average intraday movement potential. Things have been far from average, of course, and so it is that today's intraday losses can ... MND NewsWire - 11:44AM Proposed Overtime Rule Could Hit Lenders' Bottom Line A proposed new rule from the U.S. Department of Labor (DOL), if enacted, could significantly impact mortgage workers' paychecks, and affect mortgage companies' bottom line . T he proposed ... MND NewsWire - 11:37AM Congress Told FHA Fund is Strong, Reverse Mortgages Improving In a hearing on Thursday before the House Financial Services Committee, Edward L. Golding, Principal Deputy Assistant Secretary of the Department of Housing and Urban Development (HUD ... Pipeline Press - 11:30AM Morgan Stanley Settles; The Importance of Water in Lending and Home Ownership (Note: Monday is a federal holiday , and there will be no commentary.) Here's a note I received from the owner of an independent mortgage bank with a libertarian streak. "A long time ... MBS Day Ahead: Corrections Are a Way of Life, But The Details Matter MBA Sees Strong Increase in New Home Sales Latest Video Zillow CEO: News Corp acting out of desperation Record low housing supply and falling rates Negative rates not a consideration: Dudley More News from 'Around the Web' www.gallup.com - 3:41PM Americans Say Spending on Gasoline Moving Back Down CNBC - 3:41PM Bank of America slashes outlook for S&P 500 CNBC - 3:41PM $12.3 trillion of QE has added up to...this? Bloomberg - 3:39PM Over $8 Trillion Lost in Recent Market Mayhem www.gallup.com - 3:38PM In U.S., State Tax Burden Linked to Desire to Leave State Bloomberg - 3:37PM BlackRock's $1.9 Billion Credit Hedge Fund Suffers Worst January - Bloomberg Bloomberg - 1:14PM U.S. Recession Risk at 20%-25%, Morgan Stanley's Caron Says - Bloomberg CNBC - 1:14PM Central bank medicine becoming 'poison': Expert Calculated Risk Blog - 11:44AM NY Fed: Household Debt Increased "Modestly" in Q4 2015, Delinquency Rates Declined CNBC - 11:03AM Mortgage rates could set record low Reuters - 11:03AM U.S. core retail sales rebound solidly in January Reuters - 11:03AM Desperately seeking signs of inflation Bloomberg - 11:03AM Consumer Sentiment in U.S. Fell in February to a Four-Month Low - Bloomberg Market Watch - 11:03AM Bond Report: Treasury yields climb as risk assets rebound Reuters - 11:03AM Dudley eyes risks but says Fed policy easy enough CNBC - 11:03AM US business inventories rise in Dec. www.builderonline.com - 8:26AM Millennial Ownership Magnets: Top 10 Markets for Young Adult Buyers Market Watch - 8:25AM Big banks are fleeing the mortgage market CNBC - 8:25AM 'Concerned' about banks sell-off: Dijsselbloem CNBC - 8:25AM Bond yields higher after wild stock ride Today's Rates Best Execution Rate Change 30 Yr FRM 3.66% +0.11 15 Yr FRM 2.98% +0.08 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.48% +0.07 5/1 Yr ARM 2.87% +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 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 3.0 102.44 -0.42 30YR FNMA 3.5 104.70 -0.25 30YR GNMA 3.0 103.39 -0.55 30YR GNMA 3.5 105.30 -0.08 15YR FNMA 3.0 104.45 -0.16 15YR FNMA 2.5 102.55 -0.27 Treasuries Yield Change 2 YR 0.7097% +0.0478 5 YR 1.1926% +0.0593 10 YR 1.7361% +0.0771 30 YR 2.5926% +0.0893 Prices as of: 2/12/2016 4:10PM 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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