Daily Newsletter: Rates Higher, 1st Time in 2 Weeks; Housing Starts Fall, Permits Improve, Opposite of Expectations

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30 Year Fixed 3.53%   +0.01 15 Year Fixed 2.84%   +0.01 10YR Treasury 1.61%   +0.0307 FNMA 30YR 3.5 105.05   -0.11 FNMA 15YR 2.5 104.50   -0.05 View Today's Rates

Friday June 17, 2016 Mortgage Rate Watch - 3:06PM Rates Move Higher for First Time in Nearly 2 Weeks Mortgage rates moved higher today for the first time in nearly 2 weeks. After rising slightly on Monday June 6th, rates have been on a mission--moving slowly and steadily to the lowest ... MND NewsWire - 10:38AM May Residential Construction News Mixed Residential construction data released this morning showed both housing starts and permits holding fairly steady in May compared to April, but while starts were running well above last ... Pipeline Press - 9:11AM Legal Landscape Continues to Change; Whole Loan Trading Methods; Optimal Blue and MERS Sold There are plenty of owners remodeling their houses. (If you want to take the time, the National Association of Home Builders ranks the 25,000 ZIP codes in terms of estimates for remodeling ... MBS Commentary - 9:00AM MBS Day Ahead: A Brief History of Long-Term Yield Lows (Freak-Out Roadmap) Is it time to freak out? No, not yet Bond yields are at long term lows and that's both exciting and scary. It's exciting for obvious reasons (most people like low rates), but scary ... Builder Index makes First Move in Five Months Purchase Loans Dominate; Pull-Through Improves -EllieMae Latest Video Gundlach: Central bankers don't understand Bullard: Mismatch between Fed, market eroding cred May housing starts down 0.3 percent More News from 'Around the Web' Reuters - 3:23PM Ex-Countrywide CEO Mozilo to not face U.S. fraud case: source CNBC - 12:00PM The Fed's dismal economic message Calculated Risk Blog - 10:43AM BLS: Unemployment Rates stable in 41 states in May Bloomberg - 9:51AM Fed's Bullard Solves Mystery of the Missing Dot Reuters - 9:00AM U.S. housing starts dip, permits maintain gains Bloomberg - 8:17AM Boomers Are Making Sure the Divorces Keep Coming Bloomberg - 8:17AM San Francisco's Housing Mania May Finally Have Reached Its Limit Fannie Mae - 8:08AM Fannie Mae DC Workplace Relocation ? Frequently Asked ... Today's Rates Best Execution Rate Change 30 Yr FRM 3.53% +0.01 15 Yr FRM 2.84% +0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.58% +0.01 5/1 Yr ARM 2.96% +0.01 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 3.54% 0.50 -0.06 15 Yr. Fixed 2.81% 0.50 -0.06 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.74% 0.50 -0.08 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 3.0 102.97 -0.17 30YR FNMA 3.5 105.05 -0.11 30YR GNMA 3.0 103.89 -0.05 30YR GNMA 3.5 105.77 -0.09 15YR FNMA 3.0 104.50 -0.05 15YR FNMA 2.5 102.95 -0.09 Treasuries Yield Change 2 YR 0.6927% +0.0033 5 YR 1.1129% +0.0222 10 YR 1.6095% +0.0307 30 YR 2.4203% +0.0232 Prices as of: 6/17/2016 4:25PM 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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