Daily Newsletter: Mortgage Rates Lowest in Weeks; Refi Proportion and Prepayments Surge

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

30 Year Fixed 3.42%   -0.01 15 Year Fixed 2.78%   -0.01 10YR Treasury 1.62%   +0.0018 FNMA 30YR 3.5 105.47   +0.02 FNMA 15YR 2.5 104.86   0.00 View Today's Rates

Friday September 23, 2016 Mortgage Rate Watch - 2:38PM Mortgage Rates Lowest in Weeks Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks. Rates have now re-entered the narrow "post ... MND NewsWire - 10:45AM August Refi Surge Reflected in Higher Conventional Lending Share Refinancing jumped to 43 percent of all loans originated in August, a 6 percentage point higher share than in July. Ellie Mae's Origination Insight Report says this takes the refi share ... Pipeline Press - 9:50AM Stearns Picks up KB Home JV; Ocwen News; Impact of Prepayments Increasing While the industry is buzzing about how Wells Fargo has unfortunately killed any chance to reform the CFPB (i.e., cutting back its power or structure), and that whoever supposedly prepped ... MBS Commentary - 9:42AM MBS Day Ahead: No Data, and Maybe Even No Drama Bond markets have been surprisingly calm this week, given what's at stake. 3 weeks ago, we were faced with the new prospect of the European Central Bank potentially lifting its foot ... "Very Concerning" Inventories and Higher Prices Weigh on Home Sales Home Prices Picked up the Pace in July Latest Video Rates settle in, 'down on week' along with dollar index Bright spot in housing Fed's Rosengren explains dissent More News from 'Around the Web' Bloomberg - 2:35PM Fed's Kashkari Discusses Monetary Policy in 140 Characters webfeeds.brookings.edu - 1:43PM Economic issues in the presidential election Reuters - 12:10PM N.Y. Fed lowers outlook on U.S. GDP growth for third and fourth quarters Reuters - 12:09PM Pimco says bond yields to rise gradually as central banks run out of rope NMHC - 11:19AM Industry Applauds Introduction of Middle-Income Housing Tax Bloomberg - 10:04AM Why Aren't We Building More Mobile Homes? Reuters - 10:04AM Boston Fed's Rosengren says economy needs 'modest, gradual tightening now' Calculated Risk Blog - 10:01AM Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in August eyeonhousing.org - 10:00AM Asking Prices of Apartments and Condominiums in the First Quarter of 2016 www.builderonline.com - 10:00AM The Benefits of Home Buying in Fall and Winter Bloomberg - 8:32AM Treasuries Set for Best Week Since July as Fed Tempers Rate View - Bloomberg CNBC - 8:32AM Op-Ed: The economy is edging closer to a 'black hole' www.corelogic.com - 8:30AM CoreLogic to Announce Third Quarter 2016 Financial Results Today's Rates Best Execution Rate Change 30 Yr FRM 3.42% -0.01 15 Yr FRM 2.78% -0.01 FHA 30 Year Fixed 3.25% +0.00 Jumbo 30 Year Fixed 3.58% -0.01 5/1 Yr ARM 2.85% -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 3.48% 0.60 -0.02 15 Yr. Fixed 2.76% 0.50 -0.01 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.80% 0.50 -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 3.0 103.84 -0.02 30YR FNMA 3.5 105.47 +0.02 30YR GNMA 3.0 104.59 -0.03 30YR GNMA 3.5 106.25 -0.02 15YR FNMA 3.0 104.86 0.00 15YR FNMA 2.5 103.50 +0.02 Treasuries Yield Change 2 YR 0.7581% -0.0163 5 YR 1.1560% -0.0131 10 YR 1.6201% +0.0018 30 YR 2.3449% +0.0104 Prices as of: 9/23/2016 4:06PM 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

View this Report in your Web Browser     |    Forward to a Friend    |    Subscribe

You were sent this email because you opted to receive our weekly or daily email reports. Go here to manage your email preferences or here to unsubscribe from all email communications.