Daily Newsletter: Markets Rocked by Brexit; Mortgage Rates Down Sharply; CFPB Comes Down on Servicers

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30 Year Fixed 3.49%   -0.11 15 Year Fixed 2.78%   -0.12 10YR Treasury 1.57%   -0.1722 FNMA 30YR 3.5 105.22   +0.44 FNMA 15YR 2.5 104.72   +0.41 View Today's Rates

Friday June 24, 2016 Mortgage Rate Watch - 1:04PM Single Best Day For Mortgage Rates in More Than a Year Mortgage rates plummeted today following the surprise victory of the referendum for the U.K. leaving the European Union (aka "Brexit"). This joins the ranks as one of the few days in ... MND NewsWire - 11:24AM CFPB Targets Servicer Technology in Updated Exam Procedures After two years of supervision and examinations of mortgage servicers by the Consumer Financial Protection Bureau (CFPB) the agency has criticized the industry's level of compliance ... Pipeline Press - 11:17AM NY Servicers Dealt Blow; Ocwen's $30 Million Settlement; Brexit: Renegotiations and Margin Calls? At Happy Hour tonight, besides talking about refis, you can throw this one out: the number of homes worth $1 million has doubled in the last 4 years . Of course 2012 was pretty much ... MBS Commentary - 9:25AM MBS Day Ahead: Brave New World, Part 2: Brexit Milestone For a variety of reasons and for more than a year, the MBS Live community and I have periodically revisited the general topic of a "brave new world." This is a world where the biggest ... All-Cash Home Sales Down Sharply BRRRREXIT!! Rates Plummet Toward All-Time Lows Latest Video Greenspan: Brexit 'tip of the iceberg' History will show Brexit outcome 'colossal' mistake: Expert Mortgage rates lower More News from 'Around the Web' Bloomberg - 4:14PM Yellen's Fed to Play Long Game Dealing With Brexit Fallout CNBC - 1:45PM Trader asks: How could I have misjudged UK mood? Market Watch - 1:43PM Post Brexit, odds are up for Fed interest-rate cut eyeonhousing.org - 1:42PM Residential Building Construction Wages are on the Rise CNBC - 12:02PM Brexit aftermath: Where do markets go from here? CNBC - 10:41AM Consumer sentiment dims in June Market Watch - 10:40AM Bill Gross expects "mini revolt"; bond yields not likely to fall further Reuters - 10:40AM Wall St. plunges at the open after shock Brexit vote CNBC - 9:31AM Fed may be forced to reverse course Reuters - 9:29AM Weak U.S. core capital goods orders point to subdued business spending www.builderonline.com - 9:28AM Where Incomes are Seeing a Boost Federal Reserve - 9:28AM Federal Reserve is carefully monitoring developments in global financial markets Reuters - 9:27AM Dozens of homes burned in new California wildfire Reuters - 9:27AM Brexit shock triggers race to salvage EU Reuters - 7:48AM Britain just voted out of the EU ... What's that mean for America? Today's Rates Best Execution Rate Change 30 Yr FRM 3.49% -0.11 15 Yr FRM 2.78% -0.12 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.57% -0.05 5/1 Yr ARM 2.92% -0.06 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates Rate Points Change FHFA * 15 Yr. Fixed 3.37% 1.26 -0.14 30 Yr. Fixed 3.95% 1.30 -0.16 MBA ** 30 Yr. Fixed 3.82% 0.34 -0.05 15 Yr. Fixed 3.06% 0.33 -0.07 30 Yr. Jumbo 3.74% 0.31 -0.05 30 Yr. FHA 3.64% 0.25 -0.05 5/1 ARM 2.93% 0.22 +0.02 Freddie Mac ** 30 Yr. Fixed 3.56% 0.60 +0.02 15 Yr. Fixed 2.83% 0.50 +0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.74% 0.50 +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 3.0 103.27 +0.64 30YR FNMA 3.5 105.22 +0.44 30YR GNMA 3.0 104.05 +0.63 30YR GNMA 3.5 105.92 +0.33 15YR FNMA 3.0 104.72 +0.41 15YR FNMA 2.5 103.19 +0.69 Treasuries Yield Change 2 YR 0.6407% -0.1342 5 YR 1.0799% -0.1680 10 YR 1.5667% -0.1722 30 YR 2.4130% -0.1380 Prices as of: 6/24/2016 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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