Daily Newsletter: Mortgage Rates Slightly Lower; Ellie Mae Notes Higher Pull-Through and 739 Average FICO

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30 Year Fixed 3.41%   -0.01 15 Year Fixed 2.75%   -0.01 10YR Treasury 1.54%   -0.0170 FNMA 30YR 3.5 105.41   +0.06 FNMA 15YR 2.5 104.80   +0.11 View Today's Rates

Thursday August 18, 2016 Mortgage Rate Watch - 3:27PM Mortgage Rates Slightly Lower Mortgage Rates continued avoiding drama today, moving moderately lower as bond markets held on to gains that followed yesterday's Fed Minutes. As we discussed yesterday, the Fed didn ... MND NewsWire - 12:39PM Higher Pull-Through and 739 Average FICO -EllieMae Origination closing rates reached their highest levels of the year in July according to Ellie Mae's Origination Insight Report. The closing or pull-through rate for all loans increased ... Pipeline Press - 9:26AM Jumbo Mortgage Trends And The Declining Middle Class - Billionaires' Cash Reserves There are two and a half weeks before Labor Day, the traditional end of summer. For those out and about, and who like ice cream, MM sent along a list of the best ice cream in each state ... MBS Commentary - 9:20AM MBS Day Ahead: Markets Want to Hear it From Yellen Picture it: a smoky lounge, the vaguely distinctive clinking of ice cubes in cocktail glasses, a mellow jazz band, and a tantalizing performance of " Do Nothing Till You Hear From Me ... Mortgage Rates Unfazed By Fed Minutes HMDA Will Announce 20 Percent Origination Surge -CoreLogic Latest Video Santelli: Post-Brexit surprises similar to physics 'Underwater' homes keep homeowners in the red Fed in focus More News from 'Around the Web' CNBC - 4:19PM High bond valuations can go on for a long time, BlackRock's Rieder says CNBC - 4:19PM Fed's Williams: Waiting too long to hike rates could be costly Market Watch - 2:10PM Fed's Dudley is upbeat on outlook for growth and jobs CNBC - 2:10PM Wall Street isn't what it used to be, the Fed's Dudley says CNBC - 2:10PM Op-Ed: Here's proof that the economic recovery is over NMHC - 11:49AM Industry Weighs-In (Again) on HUD Proposal to Change Fair Market Rents freddiemac.mwnewsroom.com - 10:15AM Mortgage Rates Nudge Lower Calculated Risk Blog - 10:15AM Zillow: Negative Equity Rate declined in Q2 2016 eyeonhousing.org - 10:15AM Custom Home Building Steady CNBC - 8:44AM Fed knows policy doesn't work anymore but it won't admit it: Strategist CNBC - 8:43AM US jobless claims fall more than expected as labor market firms Bloomberg - 8:07AM BOJ Cornered as Japanese Banks Running Out of Bonds to Sell CNBC - 8:06AM Nearly 6 million still owe more on mortgages than their homes are worth 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 3.20% +0.00 Jumbo 30 Year Fixed 3.52% +0.00 5/1 Yr ARM 2.83% -0.02 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% 0.50 -0.02 15 Yr. Fixed 2.74% 0.50 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.76% 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 3.0 103.75 +0.13 30YR FNMA 3.5 105.41 +0.06 30YR GNMA 3.0 104.63 +0.13 30YR GNMA 3.5 106.23 +0.25 15YR FNMA 3.0 104.80 +0.11 15YR FNMA 2.5 103.44 +0.13 Treasuries Yield Change 2 YR 0.7095% -0.0202 5 YR 1.1120% -0.0227 10 YR 1.5355% -0.0170 30 YR 2.2615% -0.0007 Prices as of: 8/18/2016 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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