Daily Newsletter: Mortgage Rates Spike to 2-Month Highs; Millennials Will be Renting a Lot Longer

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30 Year Fixed 3.46%   +0.06 15 Year Fixed 2.80%   +0.05 10YR Treasury 1.67%   +0.0742 FNMA 30YR 3.5 105.13   -0.30 FNMA 15YR 2.5 104.72   -0.13 View Today's Rates

Friday September 9, 2016 Mortgage Rate Watch - 5:02PM Mortgage Rates Spike to 2-Month Highs Mortgage Rates continued sharply higher today, as financial markets quickly adjust their outlook for global monetary policy (the rate-setting and asset purchases among central banks ... MND NewsWire - 3:00PM Millennials Will Be Renting For a Lot Longer The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind . That's the conclusion of an analysis of homeownership by John Burns, a real estate ... Pipeline Press - 10:14AM SoFi to Raise Money; Wells and CFPB; List of Bank Regulators Makes Your Head Spin I own a shovel. Actually I own a couple of them. So do my neighbors. Do we use them all the time? No. Plenty of time elapses between shovel use. The same thing happens across neighborhoods ... MBS Commentary - 9:09AM MBS Day Ahead: Yes, It's Serious. Suit up. Man Battle Stations, Etc. Bond markets have recently set records when it comes to being flat and directionless. Technical studies that measure the presence and strength of any trend--higher or lower--show that ... MBS RECAP: ECB Threatens Market's Allowance; Markets Pout Mortgage Rates Rise Thanks to Europe Latest Video Santelli: Yields on the move Wells Fargo fined $190M to settle fraud case Fed's Rosengren: Low rates could overheat economy More News from 'Around the Web' Market Watch - 3:03PM Fed's Kaplan says central bank can be patient on interest rates Calculated Risk Blog - 3:03PM Q3 GDP Forecasts SEC - 3:02PM BOK Financial, Senior Executive Charged With Turning Blind Eye to Investment Scheme CNBC - 2:58PM Why big investors including BlackRock are buying negative-yielding debt Market Watch - 2:57PM How Gundlach's Fed tightening talk set stage for a stock, bond-market meltdown Reuters - 1:10PM Fed officials divided as September policy meeting nears Bloomberg - 1:09PM Deutsche Bank: Bond Investors Are About to Get Crushed as a New Global Cycle Kicks Off Market Watch - 11:17AM 10-year German bund yield turns positive for the first time since Brexit CNBC - 9:30AM Fed may surprise market with rate hike: DoubleLine's Gundlach Bloomberg - 9:25AM Louisiana Flood Seen Costing Up to $15 Billion, Mostly Uninsured CNBC - 8:24AM Increasingly risky to delay US rate hike, Fed's Rosengren says Reuters - 8:23AM Patchwork of state laws hurts U.S. effort to modernize mortgages Today's Rates Best Execution Rate Change 30 Yr FRM 3.46% +0.06 15 Yr FRM 2.80% +0.05 FHA 30 Year Fixed 3.25% +0.03 Jumbo 30 Year Fixed 3.60% +0.08 5/1 Yr ARM 2.90% +0.05 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 3.44% 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 2.81% 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 3.0 103.47 -0.38 30YR FNMA 3.5 105.13 -0.30 30YR GNMA 3.0 104.28 -0.36 30YR GNMA 3.5 105.94 -0.23 15YR FNMA 3.0 104.72 -0.13 15YR FNMA 2.5 103.20 -0.23 Treasuries Yield Change 2 YR 0.7861% +0.0121 5 YR 1.2242% +0.0441 10 YR 1.6749% +0.0742 30 YR 2.3939% +0.0895 Prices as of: 9/9/2016 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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