Daily Newsletter: Price Surge Different this Time; Discussing "Points" as Rates Stay Flat; Mini Refi Boom Hits Skids; "Key Levels"

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30 Year Fixed 3.42%   +0.00 15 Year Fixed 2.76%   +0.00 10YR Treasury 1.58%   +0.0257 FNMA 30YR 3.5 105.33   -0.05 FNMA 15YR 2.5 104.69   -0.02 View Today's Rates

Wednesday July 20, 2016 MND NewsWire - 3:04PM CoreLogic: Home Price Surge is Different this Time CoreLogic, in a recent article on its blog, celebrated, if that's the word, the 10 th anniversary of the housing bubble. Principal Economists David Stiff said that the CoreLogic Case ... Mortgage Rate Watch - 2:24PM Discussing "Discount Points" Amid Eerily Steady Mortgage Rates Mortgage rates held perfectly steady today, with most lenders offering the exact same quotes as yesterday. The most prevalent conventional 30yr fixed rates remain in a range of 3.375 ... MBS Commentary - 9:25AM MBS Day Ahead: "Key Levels" Ain't Always Perfect Bond yields hit all time lows. Then they bounced higher. Widespread discussion ensued on the next "key levels" to watch. The goal, of course, is to determine whether or not any given ... MND NewsWire - 8:19AM Rising Rates Put Brakes on Mini Refi Boom Interest rates reversed direction during the week ended July 15, ending, whether temporarily or not, several weeks of declines. In response, applications for most mortgage products ... New Products Including LE tool, Doc Management; FHA/PACE; Redwood's $2.5 Million SFH Distressed Sales Expected to Return to Pre-Crisis Share in 2017 Latest Video Quicken Loans CEO: Now's the time to refinance Mortgage apps down 1.3 percent last week Santelli: Dollar highest since March More News from 'Around the Web' HUD - 2:58PM Mortgagee Letter 2016-11 CNBC - 2:58PM Real estate stocks let you 'have your cake and REIT it, too': Analyst www.realtor.com - 2:58PM How Much House Do Americans Actually Own? Calculated Risk Blog - 2:58PM CoreLogic: Orange County Median Home Prices Hit New Record Bloomberg - 2:56PM JPMorgan Unit Sees Unprecedented Bond Risks as Treasuries Slide Reuters - 2:55PM Freddie Mac must face revived lawsuit over risk disclosures Bloomberg - 12:16PM Morgan Stanley Knows Why the Rent Is Too Darn High CNBC - 10:15AM 'Crexit' warning on Corporate debt jump eyeonhousing.org - 10:14AM Time to Build a Single-Family Home in 2015 Calculated Risk Blog - 10:13AM Architecture Billings Index "remains on solid footing" in June CNBC - 8:34AM 'Multi-gen' household $ a family affair Bloomberg - 8:29AM Less Than 1% Chance U.S. Yields Reach 1.1% According to SocGen Reuters - 8:26AM Brexit bump instills no confidence on sullen bond trading floors Today's Rates Best Execution Rate Change 30 Yr FRM 3.42% +0.00 15 Yr FRM 2.76% +0.00 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.54% +0.00 5/1 Yr ARM 2.85% +0.00 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 3.42% 0.50 +0.01 15 Yr. Fixed 2.72% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.76% 0.40 +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 3.0 103.55 -0.11 30YR FNMA 3.5 105.33 -0.05 30YR GNMA 3.0 104.44 -0.05 30YR GNMA 3.5 106.11 -0.02 15YR FNMA 3.0 104.69 -0.02 15YR FNMA 2.5 103.30 -0.11 Treasuries Yield Change 2 YR 0.7142% +0.0204 5 YR 1.1413% +0.0294 10 YR 1.5835% +0.0257 30 YR 2.3014% +0.0296 Prices as of: 7/20/2016 3:19PM 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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