Daily Newsletter: Mortgage Bank Profits Double; Price Gains Moderate, Some Metros Shine; Rate Range Considerations

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30 Year Fixed 3.41%   -0.01 15 Year Fixed 2.75%   -0.01 10YR Treasury 1.57%   +0.0068 FNMA 30YR 3.5 105.38   -0.05 FNMA 15YR 2.5 104.72   -0.06 View Today's Rates

Tuesday August 30, 2016 MND NewsWire - 12:46PM Mortgage Bank Profits Doubled in Q2 Mortgage originators surveyed by the Mortgage Bankers Association (MBA) saw production profits more than double in the second quarter compared to what had been a dismal Quarter One ... MND NewsWire - 10:38AM Price Gains Moderating, But Some Metro Areas Stand Out Results are in for the final two of the four major home price indices for June. Both the S&P CoreLogic Case-Shiller Indices and Black Knight Financial Services' Home Price Index ... Mortgage Rate Watch - 3:06PM Mortgage Rates Back in Familiar Range For Now Mortgage Rates did one of two things today, depending on the lender in question. Some lenders simply held in line with yesterday's latest levels (in other words, they were 'unchanged ... MBS Commentary - 9:12AM MBS Day Ahead: So What's The "Range-Breaker" Now? With bond markets having clearly consolidated heading into last week's Jackson Hole speeches and with Jackson hole ultimately NOT resulting in a a confirmed break of the consolidative ... Distressed Sales To Remain Elevated into 2019 -CoreLogic Trends in FHA & VA; Agency/Lender Changes; Note on Improving Borrower Profiles Latest Video Santelli Exchange: Rules, policy & behavior August consumer confidence triple-digit big The most important jobs report ever More News from 'Around the Web' www.builderonline.com - 3:11PM Demographics Will Impact the Real Estate Market www.realtor.com - 3:05PM Airbnb Income: How It Can Mess With Your Refi Calculated Risk Blog - 12:36PM Real Prices and Price-to-Rent Ratio in June Reuters - 11:37AM U.S. banks see higher net income, expand lending in second quarter - FDIC CNBC - 10:10AM Consumer confidence hits 101.1 in August, versus 97 estimate www.gallup.com - 9:15AM U.S. Economic Confidence Steady This Summer CNBC - 9:13AM How you should learn to stop worrying about the bond bubble and love the market CNBC - 9:13AM US home price gains ease in June: S&P/Case-Shiller CNBC - 8:21AM We're not in a housing bubble, Redfin economist says Bloomberg - 8:21AM German Inflation Unexpectedly Slows as ECB Prepares for Meeting Fannie Mae - 8:16AM Fannie Mae Releases July 2016 Monthly Summary Bloomberg - 8:15AM Fischer Says Fed Must Set Its Rate Path Based on Incoming Data Today's Rates Best Execution Rate Change 30 Yr FRM 3.41% -0.01 15 Yr FRM 2.75% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.51% -0.01 5/1 Yr ARM 2.84% -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 3.43% 0.60 +0.00 15 Yr. Fixed 2.74% 0.50 +0.00 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.75% 0.40 -0.01 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 3.0 103.73 -0.06 30YR FNMA 3.5 105.38 -0.05 30YR GNMA 3.0 104.66 -0.09 30YR GNMA 3.5 106.16 -0.08 15YR FNMA 3.0 104.72 -0.06 15YR FNMA 2.5 103.36 0.00 Treasuries Yield Change 2 YR 0.8013% -0.0079 5 YR 1.1782% +0.0048 10 YR 1.5680% +0.0068 30 YR 2.2327% +0.0207 Prices as of: 8/30/2016 3:58PM 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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